Ascension Wealth Partners LLC

ITEM 5: FEES AND COMPENSATION
A. Advisory Fees

Ascension charges a quarterly advisory fee, which is billed in arrears and based upon a percentage of
a client’s assets under management with Ascension. Fees are calculated as follows:

               Assets Under Management          Advisory Fee (% AUM)
               Up to the first $1,000,000       The greater of 0.275%
               Assets exceeding $1,000,000 up   0.25%
               to $2,000,0000
               Assets exceeding $2,000,000 up   0.2125%
               to $5,000,000
               Assets exceeding $5,000,000 up   0.1625%
               to $10,000,000
               Assets exceeding $10,000,000     0.125%

For purposes of calculating assets under management and advisory fees, Ascension will consider all
investment management accounts which constitute the “household” of the client’s assets. Typically, a
client’s household consists of any spouse, parent, child, partner or sibling who resides at the same
mailing address as the client. In certain circumstances, we can or will, from time-to-time discount
advisory fees for non-household relatives of the client as determined in our sole discretion. For
family members and long-term friends of Ascension, this fee can be zero. All advisory fees are
negotiable in the sole discretion of Ascension.

Ascension Wealth Partners, LLC
Form ADV Part 2A

B. Other Fees or Expenses

The actual fees charged a client will be outlined in the written Agreement entered into between
Ascension and the client.

All fees paid to Ascension for the various services we provide to clients are separate and distinct from
the fees and expenses charged by third parties. These separate fees and expenses include, but are not
limited to, custodial fees, execution costs, and mutual fund fees and expenses. Client assets also can
or will be subject to transaction fees, brokerage fees and commissions, retirement plan administration
fees (if applicable), trustee fees, deferred sales charges on mutual funds initially deposited in the
account, 12b-1 fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and
other fees and taxes on brokerage accounts and securities transactions. For mutual funds and
exchange traded funds, a client can be charged internal management fees, distribution fees,
redemption fees and other expenses, which are fully described in the applicable fund’s prospectus.
Notably, Ascension does not receive any portion of these other fees and expenses.

Clients should review the fees charged to their account(s) to fully understand the total amount of all
fees charged. Clients should understand that lower fees for comparable services can be available from
other investment advisory firms.

C. Billing Arrangements

Unless otherwise arranged by the client, our advisory fees are automatically deducted from a client’s
account by the custodian of the account upon receipt of an invoice from us and as soon as reasonably
practicable after the end of each calendar quarter. For accounts opened or closed after the beginning
of a new calendar quarter, our fees will be prorated.

Ascension will remit a copy of the invoice to the client showing the amount of the fee, the value of
the client’s assets on which the fee was based, and the specific manner in which the fee was
calculated. It is the client’s responsibility to verify the accuracy of the fee calculation as the custodian
will not determine whether the fee is properly calculated. Clients authorize their custodian in writing
to deduct our advisory fees from their account upon execution of the Agreement with Ascension. All
investment advisory fees paid directly to Ascension will be clearly reflected on the client’s periodic
brokerage statements that are prepared and sent to the client by the custodian. In the event that
Ascension is unable to collect from the custodian any advisory fees due, Ascension will bill the client
for that amount.

D. Important Considerations

Ascension will provide a current copy of Form ADV Part 2A and relevant brochure supplements
(Form ADV Part 2B) to each client or prospective client prior to or as the same time as the execution
of a written Agreement with us. Any client who has not received a copy of our Form ADV Part 2A at
least forty-eight (48) hours prior to executing an Agreement with us, shall have five (5) business days
after executing the agreement to terminate our services without penalty. After that, the written

Ascension Wealth Partners, LLC
Form ADV Part 2A
agreement between Ascension and the client will continue in effect until terminated by either party
pursuant to the terms of the Agreement. Any pre-paid unearned advisory fees will be refunded to the
client.

Neither Ascension nor the client can assign the written agreement without the consent of the other
party. Transactions that do not result in a change of actual control or management of Ascension shall
not be considered an assignment.

ITEM 7: TYPES OF CLIENTS

A. Description

Ascension generally provides investment advice to individuals, trusts, estates, pension and profit-
sharing plans, and various business entities like corporations, partnerships and limited liability
companies.

B. Conditions for Managing Accounts

Although Ascension does not have an account minimum dollar requirement, all client relationships
(households) are subject to a minimum quarterly fee. See “Fees and Compensation” under Item 5
above.

There can be times when certain restrictions are placed by a client, which prevents us from accepting
or continuing to manage their account. Ascension reserves the right to not accept and/or terminate
management of a client’s account if we feel that the client-imposed restrictions would limit or prevent
us from meeting and/or maintaining the client’s overall investment guidelines or our investment
strategies.

C. Disclosure to ERISA Plan Sponsors under Section 408(b)(2)

If a Client’s account is a pension or other employee benefit plan governed by the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), Ascension can be a fiduciary to the
plan. In providing our investment management services, the sole standard of care imposed upon us is

Ascension Wealth Partners, LLC
Form ADV Part 2A
to act with the care, skill, prudence and diligence under the circumstances then prevailing that a
prudent man acting in a like capacity and familiar with such matters would use in the conduct of an
enterprise of a like character and with like aims. Ascension will provide certain required disclosures
to the “responsible plan fiduciary” (as such term is defined in ERISA) in accordance with Section
408(b)(2), regarding the services we provide and the direct and indirect compensation we receive by

such clients. Generally, these disclosures are contained in this Form ADV Part 2A, the client
agreement and/or in separate ERISA disclosure documents and are designed to enable the ERISA
plan’s fiduciary to: (1) determine the reasonableness of all compensation received by Ascension; (2)
identify any potential conflicts of interests; and (3) satisfy reporting and disclosure requirements to
plan participants.

D. Disclosure of Investment Retirement Accounts (“IRAs”)

Ascension provides advice relative to individual Investment Retirement Accounts (“IRA”) and is
dedicated to assisting clients with making informed decisions about their retirement needs. The Firm
will discuss the pros and cons of moving assets from a retirement plan (e.g., 401(k)/403b/457 plans)
to an IRA rollover managed by Ascension versus leaving the assets within the retirement plan.

When the Firm provides investment advice regarding retirement plan accounts or individual
retirement accounts, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing
retirement accounts. The way we make money creates some conflicts with the interests of our clients,
so we operate under a special rule that requires us to act in the client’s best interest and not put our
interest ahead of the client. Under this special rule’s provisions, we must:

   •   Meet a professional standard of care when making investment recommendations (give prudent
       advice);
   •   Never put our financial interests ahead of the client when making recommendations (give
       loyal advice);
   •   Avoid misleading statements about conflicts of interest, fees, and investments;
   •   Follow policies and procedures designed to ensure that we give advice that is in the client’s
       best interest;
   •   Charge no more than is reasonable for our services; and
   •   Give the client basic information about conflicts of interest.