BAM Wealth Management LLC

Item 5 - Fees and Compensation

Fees paid to BAM are for the Firm’s Advisory Services. Our fees do not include, for example,
charges the client may incur from independent third parties such as accountants and
attorneys. The Firm charges fees based on the type of service to be provided. The fees
charged by BAM for its Advisory Services will be documented in each client’s written
agreement with the firm. In situations where our fees are deducted separately than from a
third-party manager’s, it will be documented in BAM’s and/or the third-party manager’s client
agreement. Although BAM believes its advisory fees are competitive, clients should be aware
that lower fees for comparable services may be available from other sources.

A.     Asset Management Fees

Fees are generally negotiable. The fee schedule will be signed in the Schedule A of the Client
Discretionary Investment Management Agreement (“DIMA”). The RIA Fee includes (i) an initial
analysis and periodic re-evaluation of the client’s investment objectives and needs, and
discretionary allocation among portfolio managers, (ii) ongoing advisory services, including
fees of portfolio managers/Sub-Advisers, and (iii) Access to the BAM Platform, including client
portal, account aggregation, reporting statistics, and secure document storage vault.

IARs may negotiate the fee with each BAM client for services provided, including those noted
above in Item 4. Thus, fees may vary between clients and from other IARs providing similar
services. The range of fees for various asset management services offered by BAM are
typically between .25% - 2.25%.

Fees for Asset Management Services are deducted from the client’s investment account. Any
prepaid fee that is unearned is prorated and returned to the client. Clients should also be
aware that absent transaction charges, total fees exceeding 2% per year are generally
considered higher than those charged by other comparable services available to a client.

BAM processes billing monthly in arrears, using the fair market value of the managed assets
as determined on the last day of the applicable month. From time to time, the fee deducted
from the client’s investment account as illustrated on the statement may differ from a manual
calculation of the monthly fee based on the same account value. When calculated in arrears,
BAM includes accrued interest in our billable value, but not accrued dividends; custodial
statements use settlement date valuation instead of trade date valuation; the custodial
statement does not include all transactions that occurred towards the end of the month such
as pending trade settlements; and inflow and outflows of assets during the time period. More
information about billing specifics is available on request. Clients are encouraged to closely
review their custodial statements for accuracy.

Clients are encouraged to obtain and carefully review the contracts and disclosure documents
of the third-party manager and/or program sponsor whose services they are considering,
including Part 2A of Form ADV, so they fully understand the services being provided and fees
being charged. Clients are also encouraged to compare programs or similar services offered
by other investment advisers.

Asset management fees are withdrawn directly from the client's accounts with the client’s
written authorization on a monthly basis. For asset management fees incurred on accounts
held outside of BAM, the client must complete an Outside Account Billing Agreement electing
to deduct fees for Outside Accounts from specified accounts managed by BAM or by direct
payment such as check. Generally, asset management fees are paid in arrears; Furthermore,
BAM Wealth Management LLC                                                    Form ADV Part 2A

fees are negotiable with each of our clients until signed and agreed to in the final fee schedule
attached as Schedule A of the Client DIMA.

Negotiated Rate to Client
As stated within Schedule A or other fee schedule of the Client DIMA, client rates may be
negotiated between the Firm and the client. The negotiated rate is billed monthly in arrears
for services rendered, as negotiated with the client. Fees for partial periods are prorated based
on the number of days the account was serviced during the applicable period. Clients may
terminate the agreement without penalty for a refund of unearned advisory fees within five
business days of signing the Client DIMA. Thereafter, clients may terminate the DIMA
generally with 30 days' written notice. Termination of this Agreement will not affect (i) the
validity of any action previously taken by BAM and third-party investment advisers under the
agreement; (ii) the liabilities or obligations of the parties with respect to transactions initiated
before termination of the agreement; or (iii) client’s obligation to pay the negotiated rate
(prorated through termination).

The negotiated total rate fee arrangement creates a conflict of interest when a Sub-Adviser is
utilized. BAM has a financial incentive to recommend a less expensive portfolio to a client,
which may not be in the client’s best interest, thereby resulting in a higher percentage of fees
collected are retained by BAM. BAM mitigates this conflict of interest in part by providing
mandatory investment and suitability training to our IARs on at least an annual basis. BAM
also semi-annually reviews and monitors a random sample of total rate method client’s
portfolio managers and their performance. For more information about our review process of
client accounts, please refer to Item 13 - Review of Accounts. In addition to the asset
management fee, there may be transaction, commission, administrative, servicing, and other
fees charged by the Custodian. IRA accounts may be charged custodial or other service fees.
If your account is invested in mutual funds or ETF’s, the fund company may assess
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Item 7 - Types of Clients

The Firm mainly provide advisory services to individuals and high-net-worth individuals. BAM
also has other types of clients, including corporations and other businesses, non-profits, and
some 401(k)s and other employer-sponsored retirement accounts. The Firm provides advisory
services to other types of clients besides these.