Ark Wealth Advisors LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management:

The maximum annual fee charged for this service will not exceed 2.50%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
rata basis monthly in advance based on the value of the account(s) on the last day of the previous

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month. Fees are negotiable and will be deducted from client account(s). Our firm bills on cash unless
otherwise agreed to in writing. Adjustments will be made for deposits and withdrawals during the
month. In rare cases, our firm will agree to directly invoice. As part of this process, Clients understand
the following:

    a) Clients must provide our firm with written authorization permitting direct payment of
       advisory fees from their account(s) maintained by a custodian who is independent of our
       firm;
    b) Our firm sends monthly statements to the client showing the fee amount, the value of the
       assets upon which the fee is based, and the specific manner in which the fee is calculated as
       well as disclosing that it is the client’s responsibility to verify the accuracy of fee calculation,
       and that the custodian does not determine its accuracy; and
    c) The account custodian sends a statement to the client, at least quarterly, showing all account
       disbursements, including advisory fees.

Comprehensive Portfolio Management:

The maximum annual fee charged for this service will not exceed 2.50%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
rata basis monthly in advance based on the value of the account(s) on the last day of the previous
month. Fees are negotiable and will be deducted from client account(s). Our firm bills on cash unless
otherwise agreed to in writing. Adjustments will be made for deposits and withdrawals during the
month. In rare cases, our firm will agree to directly invoice. As part of this process, Clients understand
the following:

    a) Clients must provide our firm with written authorization permitting direct payment of
       advisory fees from their account(s) maintained by a custodian who is independent of our
       firm;
    b) Our firm sends monthly statements to the client showing the fee amount, the value of the
       assets upon which the fee is based, and the specific manner in which the fee is calculated as
       well as disclosing that it is the client’s responsibility to verify the accuracy of fee calculation,
       and that the custodian does not determine its accuracy; and
    c) The account custodian sends a statement to the client, at least quarterly, showing all account
       disbursements, including advisory fees.

Please note that the advisory fee charged by our firm is separate from and in addition to any advisory
fee(s) charged by a third-party money manager or separately managed account service. In all cases,
the combined fee charged by our firm and any third-party manager(s) or separately managed account
platform will not exceed 3.00%.

Third Party Managers:

The maximum annual fee charged to Clients utilizing third party managers will not exceed the fees
published above for our Asset Management & Comprehensive Portfolio Management services,
respectively. Our firm bills on cash unless otherwise agreed to in writing. Our firm will debit fees for
this service as disclosed in the executed advisory agreement between the client and our firm. Third
party managers establish and maintain their own separate billing processes over which we have no
control. In general, they will directly bill you and describe how this works in their separate written

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disclosure documents. The third-party managers we recommend will not directly charge you a higher
fee than they would have charged without us introducing you to them.

Separately Managed Account Services:

Depending on the service utilized, the total fee charged to clients, which includes our firm’s advisory
fee of 1.00% as well as any program fees for the SMA services, may be up to 3.00%. To calculate your
SMA program fee, Schwab multiplies the actual daily balance of your account by the daily pro rata
portion of the annual rate and then adds together the fees for each day of the month. The program
fee is billed to your account monthly, which may result in your paying a higher fee on an annual basis
than the annual rate due to the effects of compounding. Our firm bills on cash unless otherwise agreed
to in writing. Our asset management fee is charged pro-rata monthly in advance based on the value
of your account on the last day of the previous month. SIP clients will be charged a fee not to exceed
1.25% of assets invested in the SIP platform. Fees will be deducted from the client’s managed account.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $500. Flat fees
will not exceed $100,000. The fee-paying arrangements will be determined on a case-by-case basis
and will be detailed in the signed consulting agreement. Our firm offers the following options for fee-
paying arrangements: (i) Full payment upon executing the advisory agreement; (ii) Payment of an
initial retainer upon executing the advisory agreement with the remaining fee directly invoiced to
the Client and due within thirty (30) days of services being rendered; or (iii) Full payment upon
...

Item 7: Types of Clients & Account Requirements

Our firm offers advisory services to the following types of clients:

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        Individuals and High Net Worth Individuals;
        Trusts, Estates or Charitable Organizations;
        Pension and Profit-Sharing Plans;
        Corporations, Limited Liability Companies and/or Other Business Types

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.