ARX Private Wealth

Item 5 Fees and Compensation

ARX annual fees for Investment Supervisory Services are based upon a percentage of assets
under management and generally range from 0.5% to 1%, according to the following schedule:
Annual Fee Range:

 Assets                                           Advisory Fee

 $0-2,000,000                                     The greater of $10,000 or 1%

 $2,000,001-5,000,000                             .85%

 $5,000,001-10,000,000                            .65%

 >$10,000,000                                     .5%

Clients will be invoiced in arrears based on the calendar quarter-end value (market value or fair
market value in the absence of market value, plus any credit balance or minus any debit
balance), of the client's account as of the last business day of the previous quarter-end. Fees
may be negotiable.

Minimum Fee
We charge a minimum annual advisory fee of $10,000. The rate for relationships under
$1,000,000 is adjusted based on what is required to meet that minimum. We reserve the right to
reduce or eliminate the minimum fee at our discretion. We reserve the right to retain previous
agreements at their existing rates.

Account Management Fees
ARX may charge a fee for account management that is calculated based on a set rate as
determined by contract or as a percentage of the assets under management. The Account
Management Fee is calculated at an annual rate not to exceed the greater of $10,000 or 1%.
Fees are calculated on either a monthly or quarterly basis per agreement, and are payable,
either in advance based on the value of the account(s) as of the beginning of each billing period,
or in arrears based on the value of the account at the end of each billing period. The Account
Management Fee is prorated for periods less than a full billing
cycle and adjusted to cover any additional contributions made during that period.

Clients are invoiced in arrears based on the calendar quarter-end value (market value or fair
market value in the absence of market value), of the client's account as of the last business day
of the previous quarter end. Fees may be negotiable.

The Account Management Fee is prorated for periods less than a full billing cycle and adjusted
to cover any additional contributions made during that period.

Portfolio Management Services
We may also offer non-discretionary portfolio management services. If you enter into non-
discretionary arrangements with our firm, we must obtain your approval prior to executing any
transactions on behalf of your account. You have an unrestricted right to decline to implement
any advice provided by our firm on a non-discretionary basis.

As part of our portfolio management services, in addition to other types of investments (see
disclosures below in this section), we may invest your assets according to one or more
model portfolios developed by our firm. These models are designed for investors with varying
degrees of risk tolerance ranging from a more aggressive investment strategy to a more
conservative investment approach. Clients whose assets are invested in model portfolios may
not set restrictions on the specific holdings or allocations within the model, nor the types of
securities that can be purchased in the model. Nonetheless, clients may impose restrictions
on investing in certain securities or types of securities in their account. In such cases, this may
prevent a client from investing in certain models that are managed by our firm.

FINANCIAL PLANNING SERVICES
We do not charge a separate financial planning fee for our wealth management clients.
However, in limited circumstances we may offer standalone financial planning services.

FAMILY OFFICE AND WEALTH PLANNING SERVICES
We offer Family Office and Wealth Planning Services designed to help our clients organize their
financial situation and plan for the successful transfer of wealth to the next generation in the
most tax-advantaged manner. Such services generally include financial planning in the following
areas:

    ●   Family Continuity
    ●   Estate Planning and Trustee Oversight
    ●   Integrated Tax and Financial Planning
    ●   Lifestyle Management
    ●   Family Philanthropy
    ●   Risk Management

GENERAL INFORMATION
Termination of the Advisory Relationship: An ARX client agreement may be canceled at any
time, by either party, for any reason upon receipt of 30 days written notice or other mutually
agreed upon termination notification terms. For fees paid in advance of services provided, upon
termination of an account, prepaid unearned fees are promptly refunded. In calculating a client's
reimbursement of fees, we prorate the reimbursement according to the number of days
remaining in the billing period.

Registered Investment Company Fees: All fees paid to ARX for investment advisory services
are separate and distinct from the fees and expenses charged to shareholders by mutual funds

and/or ETFs. These fees and expenses are described in each fund's prospectus. Such fees
generally include a management fee, other fund expenses, and a possible distribution fee. If the
fund also imposes sales charges, a client may pay an initial or deferred sales charge. A client
could invest in a mutual fund directly, without our services. In that case, the client would not
receive the services provided by ARX which are designed, among other things, to assist the
client in determining which mutual fund or funds are most appropriate to each client's financial
condition and objectives. Accordingly, the client should review both the fees charged by the
funds and ARX fees to fully understand the total amount of fees to be paid by the client and to
thereby evaluate the advisory services being provided.

Additional Fees and Expenses: In addition to ARX's advisory fees, clients are responsible for
the fees and expenses charged by custodians and imposed by broker dealers, including, but not
...

Item 7. Types of Clients

ARX provides advisory services to the following types of clients:

   ●   Individuals (other than high net worth individuals)
   ●   High net worth individuals

   ●   Ultra-high net worth individuals
   ●   Other investment advisers and family offices.

Minimum Account Requirements
ARX does not impose a minimum portfolio value for starting and maintaining an investment
management relationship.