ARWA LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid in advance of each calendar quarter, pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the market value of assets under management at the
end of the prior calendar quarter. Investment advisory fees are based on the following schedule:

                                 Assets Under Management ($)                 Annual Rate (%)
                                        Up to $249,999                           1.25%
                                     $250,000 to $499,999                        1.20%
                                     $500,000 to $999,999                        1.15%
                                   $1,000,000 to $2,499,999                      1.00%
                                   $2,500,000 to $4,999,999                      0.85%
                                        Over $5,000,000                          0.75%

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
ARWA will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.

Use of Independent Managers – As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment
portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn
                                        ARWA LLC d/b/a AspenRidge Wealth Advisors
                                     9800 Hillwood Parkway, Suite #180, Fort Worth, TX 76177
                                            Phone: 682-231-8331 | Fax: 817-741-8845
                                          Website: https://aspenridgewealthadvisors.com/

any compensation from an Independent Manager. The Advisor will only earn its investment management fee as
described above. Independent Managers typically do not offer any fee discounts but may have a breakpoint schedule
which will reduce the fee with an increased level of assets placed under management with an Independent Manager.
The terms of such fee arrangements are included in the Independent Manager’s disclosure brochure and applicable
contract[s] with the Independent Manager. Clients will pay the Independent Manager platform fee and investment
management fee, which is not to exceed 0.75% annually, in addition to the investment management fees paid to the
Advisor as described above.

Financial Planning Services
ARWA offers financial planning services either on an hourly basis or as an ongoing fee. Hourly fees range up to $800
per hour. Fixed fees range up to $6,000 annually. Fees may be negotiable based on the nature and complexity of
the services to be provided and the overall relationship with the Advisor. An estimate for total hours and/or total costs
will be provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by applying the
quarterly rate (annual rate divided by 4) to the total assets under management with ARWA at the end of the prior
quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the
investment advisory fee. Clients are urged to also review and compare the statement provided by the Advisor to the
brokerage statement from the Custodian, as the Custodian does not perform a verification of fees. Clients provide
written authorization permitting investment advisory fees to be deducted by ARWA to be paid directly from their
account[s] held by the Custodian as part of the investment advisory agreement and separate account forms provided
by the Custodian.

Use of Independent Managers – For Client accounts implemented through an Independent Manager, the Client’s
overall fees will include ARWA’s investment management fee (as noted above) plus investment management fees
and/or platform fees charged by the Independent Manager. The Independent Manager will assume the responsibility
for calculating the Independent Manager platform and investment management fees and deducting those fees from
the Client’s account[s]. ARWA will be responsible for calculating the investment management fee and deducting from
the Client’s account[s].

Financial Planning Services
Financial planning fees for ongoing engagements are invoiced quarterly in advance. Financial planning fees for hourly
engagements may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the financial planning
agreement. The balance shall be invoiced upon completion of the agreed upon deliverable[s]. Financial planning fees
...

Item 7 – Types of Clients

ARWA offers investment advisory services to individuals, high net worth individuals, trusts, estates, and businesses.
ARWA generally does not impose a minimum relationship size.

                                       ARWA LLC d/b/a AspenRidge Wealth Advisors
                                    9800 Hillwood Parkway, Suite #180, Fort Worth, TX 76177
                                           Phone: 682-231-8331 | Fax: 817-741-8845
                                         Website: https://aspenridgewealthadvisors.com/