Arkfeld Wealth Strategies LLC

Item 5 – Fees and Compensation

Investment Management Services

Fees charged for discretionary and non discretionary investment management services are
negotiated prior to the engagement at a rate not to exceed 2.0% subject to a minimum of $500
annually.

Fees are generally calculated and charged quarterly in advance based on the period ending
balance of assets under management at the end of the preceding quarter. Fees for partial quarters

are prorated based on the number of days assets are under management. Fees are generally
deducted directly from client accounts, but clients may elect to alternatively pay fees by check.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated accordingly. Any payments made in advance will be prorated
and refunded to the client.

All management fees paid to AWS are separate and unrelated to any fees or expenses assessed
by mutual funds or exchange traded funds, or to any trade commission charged by an account
custodian, although trade commissions may at times be paid by AWS at the firm’s discretion.
Information pertaining to fund-generated fees and expenses can be found in mutual fund and
exchange traded fund prospectuses.

Investment Advisory Services

Fees charged for advisory services may be charged in advance or in arrears depending on the
service provided. Fees are negotiated in advance, and generally range from 0.25% to 2.00%
depending on the level of complexity of the engagement. Fee rates are based on actual services
provided rather than being based on the level of assets managed as detailed above for investment
management services.

In some cases, fees may be deducted directly from client accounts, but clients generally are
billed directly on a quarterly basis.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated accordingly. Any payments made in advance will be prorated
and refunded to the client.

All advisory fees paid to AWS are separate and unrelated to any fees or expenses assessed by
any broker, custodian, or other outside party.

Financial Planning Services

Fees charged for financial planning services are quoted in advance and charged at a fixed
amount. Quoted fixed fees will be based on the complexity and level of service provided on a
case by case basis. As mentioned above, services may include planning in areas such as
education funding, retirement planning, estate planning, risk management, employee benefits
planning, tax planning, etc. Since each of these areas can vary in complexity depending on the
complexity of the client’s financial situation, cost will vary as well. Fees are negotiable
depending on the circumstances of the engagement, location, etc.

Fees are generally billed directly to the client in arrears, although a portion of which may be
billed in advance.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated based on the degree to which services have been completed. Any
payments made in advance will be prorated and refunded to the client.

All financial planning fees paid to AWS are separate and unrelated to any fees or expenses
assessed by any broker, custodian, or other outside party.

Retirement Plan Services

Fees charged for retirement plan services may be charged in advance or in arrears depending on
the service provided. Fees may be fixed or asset based (not to exceed 1.50% annually), and are
negotiable depending on the complexity of the service. Fee levels (whether fixed or asset
based) are primarily based on actual services to be provided.

Fees may be deducted directly from client accounts on a quarterly basis, or clients may elect to
alternatively pay fees by check or wire transfer. There is a minimum annual fee of $1,000 per
plan.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated accordingly. Any payments made in advance will be prorated
and refunded to the client.

All retirement plan fees paid to AWS are separate and unrelated to any fees or expenses assessed
by any broker, custodian, or other outside party.

Item 7 – Types of Clients

AWS provides services to individuals, businesses and retirement plans.

For its services, AWS does not require a minimum dollar value in assets for establishing or
maintaining a client’s account, but the firm reserves the right to decline engagements for various
reasons including account size.