Balboa Wealth Partners Inc

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements/a written agreement with the Advisor.

                                                 Balboa Wealth Partners, Inc.
                                   6263 North Scottsdale Road, Suite 265, Scottsdale, AZ 85250
                                           Phone: 949-445-1465 * Fax: 949-524-8383

                                                    https://balboawealth.com/

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

                 Assets Under Management ($)         Annual Rate (%)
                 *$0.00 to $249,999.99                        2.3%
                 $250,000 to $499,999.99                      2.1%
                 $500,000 to $749,999.99                      1.9%
                 $750,000 to $999,999.99                      1.8%
                 $1,000,000 to and over                       1.7%
               *Accounts are assessed a $15 fee per quarter for reporting purposes.

Asset Management Services
Asset management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Asset management fees are based on the market value of assets under
management at the end of the prior calendar quarter. Asset management fees are based on the following schedule:

                 Assets Under Management ($)         Annual Rate (%)
                 *$0.00 to $249,999.99                        1.5%
                 $250,000 to $499,999.99                      1.4%
                 $500,000 to $749,999.99                      1.3%
                 $750,000 to $999,999.99                      1.2%
                 $1,000,000 to and over                       1.1%
               *Accounts are assessed a $15 fee per quarter for reporting purposes.

The investment advisory 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. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by Balboa Wealth will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

For assets managed through a third-party platform, the Client will incur additional fees charged directly by the third-
party platform provider. Advisory fees apply to assets accessed and managed through the platform as part of the
Client’s assets under management, as disclosed above, separate from the third-party platform fee. The Advisor
does not receive any portion of these platform fees. Accordingly, the use of such platforms may increase the total
fees paid by the Client.

Fixed Fees
In certain instances, the Advisor may at its discretion allow for engagements where the Client pays the Advisor a
flat fee for services. The fee ranges up to $100,000 and is executed through the Client Agreement. Fixed fees are
determined based on the level of the Client relationship and complexity involved in providing advisory services to
the Client.

Use of Independent Managers
As noted in Item 4, the Advisor will implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
                                                Balboa Wealth Partners, Inc.
                                  6263 North Scottsdale Road, Suite 265, Scottsdale, AZ 85250
                                          Phone: 949-445-1465 * Fax: 949-524-8383

                                                   https://balboawealth.com/

Independent Manager. The Advisor will only earn its investment advisory fee as described above. Independent
Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee
with an increased level of assets placed under management with an Independent Manager. In circumstances
where Clients authorize and enter into an investment management agreement with the Independent Manager[s],
the terms of such fee arrangements are included in the Independent Manager’s disclosure brochure and applicable
contract[s] with the Independent Manager. In circumstances where clients are not required to enter into an
investment management agreement with the Independent Manger, the Advisor will allocate a portion of the
advisory fee collected to the Independent Manager pursuant to the terms of the executed agreement between the
Advisor and the Independent Manager. The total blended fee, including the Advisor’s fee and the Independent
Manager’s fee, will not exceed 2.50% annually.

Financial Planning Services
Balboa Wealth offers financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees
range up to $350 per hour. Fixed fees range from $750 to $10,000. Fees may be negotiable based on the nature
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Item 7 – Types of Clients
Balboa Wealth offers investment advisory services to individuals, high net worth individuals, trusts, estates,
businesses, charitable organizations, and retirement plans. Balboa Wealth generally requires a minimum
relationship size of $250,000 for comprehensive portfolio management and asset management services to
effectively implement its investment process.