Aspen Wealth Management LLC

Item 5 - Fees and Compensation

Financial Consulting/Planning
Fees for planning services are strictly for planning services.

Hourly Fees
AWM offers financial planning and consulting services on an hourly fee basis. Our fee is $300 per hour with a minimum
of $4500 for each plan. To a certain extent, the fee is negotiable and will depend on several factors including time
spent with us, number of meetings, complexity of your situation, amount of research, and services requested.

We will usually provide you with an estimate of the number of hours needed for the preparation of the financial plan
or advice. Fees are not deducted from client assets. We will bill you for our financial consulting/planning services after
the service is provided to you. You will have thirty (30) days to remit payment. Your advisory agreement with AWM
will terminate when we present you with a written financial plan and/or our recommendations. You may re-engage
our advisory services as needed.

Termination Provisions
You may terminate planning services obtained from AWM, without penalty, with written notice within five (5)
business days after entering into the advisory agreement with AWM. Thereafter, you may terminate planning services
with written notice to AWM. You will be responsible for any time spent by AWM in providing advisory services or
analyzing your situation.

Asset Management Services- Wealth Management Program
Our fees are negotiable, and they are not based on a share of capital gains upon or capital appreciation of the funds
or any portion of the funds in your account. The fees are in accordance with the following fee schedule:
Wealth Management Program Fee Schedule
                   Account Size                                 Maximum Annual Fee
                   All assets up to $1,000,000                  1.25%
                   $1,000,001 to $2,000,000                     1.00%
                   $2,000,001 to $4,000,000                     0.85%
                   $4,000,001 to $7,000,000                     0.75%
                   $7,000,001 to $10,000,000                    0.60%
                   Over $10,000,001                             0.50%

AWM may change the above fee schedule upon 30-days prior written notice to you.

Your maximum annual asset management fee is based on an aggregate value of all managed accounts within the
established household. Depending upon the circumstances, we may combine client accounts from one household
with client accounts from other households to aggregate account values for fee calculations. Unless otherwise agreed
upon and stated in the Investment Management Agreement, fees are assessed on all assets under management,
including securities, cash and money market balances.

                                            Aspen Wealth Management

We sometimes make exceptions to our general fee schedule under certain circumstances (e.g., expected capital
additions; anticipated future earning capacity; related accounts; account composition; pre-existing client; account
retention; pro bono activities, etc.). In such cases, lower or higher fees or different payment arrangements can be
negotiated with each client separately and will be described in the client’s Investment Advisory Agreement.

You may make additions to the account or withdrawals from the account, provided the account continues to meet
minimum account size requirements. We will make fee adjustments if the addition or withdrawal is $100,000 or more.

Advisory fees will be charged in advance of the billing period. The billing period will be on a calendar quarterly basis
(i.e., March 31, June 30, September 30, and December 31). Fees for partial periods will be prorated.

If the account is established or closed during the middle of a quarter, you will pay a pro-rated portion of the advisory
fee based upon the number of days the account was under AWM’s management. When the account is initially
established, the quarterly fee will be pro-rated based on the number of days remaining in the quarter and upon the
account value as of the date the account is available to be invested. Thereafter, advisory fees will be based on the
value of the account at the end of the previous quarter. If the account is closed or terminated during the middle of a
quarter, any unearned, pre-paid fees will be refunded to you within 30 days.

Fee calculation example for a $2,500,000 account:

$2,500,000 x 0.85% = $21,250

$21,250 divided by 4 = Quarterly Fee is $5,312.50

Advisory fees will be deducted directly from your account(s) provided you have given AWM written authorization.
You will be provided with an account statement reflecting the deduction of the advisory fee. If the account does not
contain sufficient funds to pay advisory fees, AWM has limited authority to sell or redeem securities in sufficient
amounts to pay advisory fees. You may reimburse the account for advisory fees paid to AWM, except for ERISA and
IRA accounts.

In the wrap fee program, you will not pay separate transaction and execution fees or retirement account maintenance
fees. A wrap fee program offers advisory services and custodial services for a single fee. The fee may be higher or lower
if you were to obtain these services separately. You should read the Wealth Management Program disclosure brochure
(Part 2A Appendix 1) for additional disclosures.

In addition to AWM’s advisory fee, you should also be aware that the products we utilize within your portfolio will also
charge fees (i.e., mutual fund expense ratios). Such fees are not shared with AWM and are compensation to the fund
managers.

For additional information, please refer to Item 12 that describes the factors that AWM considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their compensation.

Sub-Advisor Fees
As discussed in Item 4 above, there will be occasions where an independent Registered Investment Advisory firm acts
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Item 7 - Types of Clients

The financial planning services offered by AWM are geared toward individuals and their families including high net
worth individuals (i.e. clients with a net worth of $2.2M). AWM does not require a minimum account size in order to
obtain our advisory services.