Ascent Wealth Partners LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Ascent and the Client.

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

                     Assets Under Management ($)               Annual Fee (%)
                     Up to $1,000,000                             1.15%
                     Next $4,000,000                              0.90%
                     Over $5,000,000                              0.75%

The wealth management 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. Fees may be reduced based
on certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, pre-existing client, account retention, pro bono
activities, etc.). The Client’s fees will take into consideration the aggregate assets under management with the
Advisor. All securities held in accounts managed by Ascent will be independently valued by the Custodian. Ascent
will not have the authority or responsibility to value portfolio securities.

Clients may make additions to and withdrawals from their account[s] at any time, subject to Ascent’s right to
terminate an account. Additions may be in cash or securities provided that Ascent reserves the right to liquidate any

                                                Ascent Wealth Partners, LLC
                                         89 Genesee Street, New Hartford, NY 13413
                                         Phone: (315) 624-7300 * Fax: (315) 624-7305
Page 6                                      http://www.ascentwealthpartners.com

transferred securities or decline to accept particular securities into a Client’s account[s]. Clients may withdraw
account assets on notice to Ascent, subject to the usual and customary securities settlement procedures. However,
Ascent designs its portfolios as long-term investments and the withdrawal of assets may impair the achievement of
a Client’s investment objectives. Ascent may consult with its Clients about the options and ramifications of
transferring securities. However, Clients are advised that when transferred securities are liquidated, they are
subject to transaction fees, fees assessed at the mutual fund level (i.e. contingent deferred sales charge) and/or tax
ramifications.

As noted above, the Advisor may also provide investment advisory services with respect to Private Funds, including
but not limited to Private Funds offered through various third parties, which are not held at the primary custodian. In
such instances, the Client shall be required to complete the applicable private placement and/or account opening
documents to establish these investments. The Advisor will debit its fee for providing investment advisory services
with respect to these relationships directly from an account designated by the Client held at the primary Custodian.

The Advisor will bill on the amount of invested capital into the fund. The Advisor will recalculate the billable value
upon a return of capital, including a sale or a refinancing event of Private Funds. Adjustments are reflected in the
fee calculations for the next quarterly period. Ascent may also receive compensation related to a Private Fund
based on performance. Please see Item 14 – Other Compensation and Client Referrals for additional information.
Certain third-party entities may impose participation costs involved with the investment into a Private Fund. Clients
will be provided with additional disclosures including private placement memorandums and subscription
agreements. Please note: Other than Ascent’s fee noted herein, Ascent will not receive any additional fees related
to the Private Funds or the Client’s engagement with these third-party entities.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee of up to 0.75%, billed quarterly,
in advance of each calendar quarter, pursuant to the terms of the agreement. Retirement plan fees are based on
the market value of assets under management at the end of the prior calendar quarter. Fees may be negotiable
depending on the size and complexity of the Plan and the services to be provided.

B. Fee Billing
Wealth Management Services
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 quarterly in advance based on the value of the account(s) on the last day of the
previous quarter. Fees will be deducted from client account(s). There may be immaterial differences between the
quarter end market value reflected on your custodial statement and the valuation as of the last business day of
the calendar quarter used for billing purposes, given timing and account activity. The Client will be provided with
a statement, at least quarterly, from the Custodian reflecting the deduction of the wealth management fee. The
Client provides written authorization permitting advisory fees to be deducted by Ascent directly from the Client’s
account[s] held by the Custodian as part of the wealth management agreement and separate account forms
provided by the Custodian.

Retirement Plan Advisory Services
Retirement plan advisory fees are typically calculated by the Custodian and/or recordkeeper for the Plan and
...

Item 7 – Types of Clients
Ascent offers investment advisory services to individuals, high net worth individuals, trusts, estates, charitable
organizations, businesses and retirement plans. Ascent generally does not impose a minimum relationship size.
                                                Ascent Wealth Partners, LLC
                                         89 Genesee Street, New Hartford, NY 13413
                                         Phone: (315) 624-7300 * Fax: (315) 624-7305
Page 8                                      http://www.ascentwealthpartners.com