Athena Wealth Management LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Advisory service fees are determined on the complexity of the client account, size of asset base, and
relationship with the client.

ADV Part 2A – Firm Brochure                        Page 5                            Athena Wealth Management, LLC

Comprehensive Portfolio Management:

The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be outlined
in the advisory agreement to be signed by the Client. Annualized fees for advisory accounts clearing
through Fidelity Brokerage Services are billed on a pro rata basis monthly in arrears based on the value of
the account(s) on the time-weighted daily average of the previous month. Unless otherwise noted in
writing, our firm bills on cash. Fees are negotiable and will be deducted from client account(s). In rare
cases, our firm will agree to directly invoice. As part of this process, Clients understand the following:

a) The client’s independent custodian sends statements at least quarterly showing the market values for
   each security included in the Assets and all account disbursements, including the amount of the
   advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our firm will
   send an invoice directly to the custodian, and;
c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of information
   provided in our statement with those from the qualified custodian will be included.

Asset Management:

The maximum annual fee charged for this service will not exceed 1.75%. Fees to be assessed will be outlined
in the advisory agreement to be signed by the Client. Annualized fees for advisory accounts clearing
through Fidelity Brokerage Services are billed on a pro rata basis monthly in arrears based on the value of
the account(s) on the time-weighted daily average of the previous month. Unless otherwise noted in
writing, our firm bills on cash. Fees are negotiable and will be deducted from client account(s). In rare
cases, our firm will agree to directly invoice. As part of this process, Clients understand the following:

a) The client’s independent custodian sends statements at least quarterly showing the market values for
   each security included in the Assets and all account disbursements, including the amount of the
   advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our firm will
   send an invoice directly to the custodian, and;
c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of information
   provided in our statement with those from the qualified custodian will be included.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our engagement
with the client. The maximum hourly fee to be charged will not exceed $500/hr. Flat fees range from $1,000
to $10,000. The fee-paying arrangements will be determined on a case-by-case basis and will be detailed in
the signed consulting agreement. Our firm will not require a retainer exceeding $1,200 when services
cannot be rendered within 6 months.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, either based on a
percentage of the dollar amount of assets in the account(s) or via individual transaction charges. These
transaction fees are separate from our firm’s advisory fees and will be disclosed by the chosen custodian.

ADV Part 2A – Firm Brochure                     Page 6                           Athena Wealth Management, LLC

Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for U.S. listed equities and exchange
traded funds for clients who opt into electronic delivery of statements or maintain at least $1 million in
assets at Fidelity. Clients who do not meet either criteria will be subject to transaction fees charged by
Fidelity for U.S. listed equities and exchange traded funds.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments, charges
imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in the
fund’s prospectus (e.g., fund management fees and other fund expenses), distribution fees, surrender
charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads
paid to market makers, fees for trades executed away from custodian, wire transfer fees and other fees and
taxes on brokerage accounts and securities transactions. Our firm does not receive a portion of these fees.

For fee-based variable annuity accounts written through Fidelity Investments Life Insurance Company,
annualized fees are calculated and debited by Fidelity on a quarterly basis in arrears based on the value of
the account(s) at the end of the quarter. Fee-based variable annuities are charged a flat percentage fee, and
flat-fee assets are excluded from calculation of aggregate assets of advisory account(s) on a tiered fee
schedule. The fee assessed will be outlined in the advisory agreement signed by the client.

Termination & Refunds

Either party may terminate in writing at any time the advisory agreement signed with our firm for
Comprehensive Portfolio Management and Asset Management service. Upon notice of termination our
firm will create and send to client a pro-rata invoice of the advisory fees earned yet not charged.

Financial Planning & Consulting clients may terminate their agreement at any time before the delivery of
a financial plan by providing written notice. For purposes of calculating refunds, all work performed by us
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Corporations, Limited Liability Companies and/or Other Business Types

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • Our firm requires a minimum account balance of $500,000 for our Comprehensive Portfolio
       Management services. Generally, this minimum account balance requirement is negotiable and
       would be required throughout the course of the client’s relationship with our firm.
   • Generally, Asset Management clients that do not meet the $500,000 account minimum are
       typically required to obtain financial plans, which are generally assessed a minimum fee of $1,000.

However, clients who opt into electronic delivery of statements or maintain at least $1 million in assets at
Fidelity will not be charged transaction fees for U.S. listed equities and exchange traded funds.