Barwick & Partners Inc

Item 5. Fees & Compensation
How we are Compensated for our Services
Except as provided below, at the start of a relationship client agreements provide for a fixed fee based on
the level of work the client will require. If the contract includes Investment Planning, once the plan is
complete and if the client requests our ongoing services, we will provide discretionary management
services for the liquid portion of their investment assets. In this situation we typically charge an asset-
based fee. For non-discretionary services, our ongoing advice will typically be structured solely on a fixed
fee basis. For a few clients, we provide services on a flat rate, per hour basis, billed quarterly. Where we
are operating as a Named Fiduciary for clients, we will structure an agreement that specifies an asset-
based fee covering all aspects of the relationship.

Our fees are in addition to any fees charged by third party managers we select. Our typical fees for clients,
other than those where Jon Barwick serves as Named Fiduciary, is as follows:

                Liquid Portfolio Value                        Annual Barwick & Partners AUM Fee
 Below $10 million                                                         .50 -.75%
 $10 million - $50 million                                                .40 - .55%
 $50 million - $100 million                                              .35% - .50%
 Over $100 million                                                        Negotiable

For Named Fiduciary clients, Jon Barwick will assess a fee that ranges from 0 to 1% of client assets. Barwick
& Partners will also assess a fee for asset management in accordance with the table above. Combined
fees for both Jon Barwick’s Named Fiduciary services and Barwick & Partners’ investment advisory services

will usually not exceed 1% of assets. In many cases, there is no additional fee for Named Fiduciary services
because Jon Barwick has determined that the investment management fees charged through Barwick &
Partner are sufficient to compensate him for the Named Fiduciary services as well. The specific fees for
the two services are explicitly disclosed to the client, regardless of the amounts charged.

Fees assessed by other managers will increase the total fee, as described more fully below.

After gathering data from the client, we prepare a proposal in advance of the agreement, which includes
proposed fixed fees or asset-based charges. Except as shown above, our fees are not generally negotiable,
though they do vary from client to client. We have significant experience in understanding what our
services will likely cost over time, and we prefer to work with clients who share our assumptions and are
comfortable with what we charge.

Fees for advisory services provided by unaffiliated managers we select will create an additional expense
to clients and will range from 20 basis points to 50 basis points, depending on the specific asset allocation
used, the managers selected, and the amount invested by the client with that manager. We aim to keep
the total fee for non-Named Fiduciary clients at or below 1% per year, but the actual fees the third-party
managers charge will vary. The combined maximum fees will be described in the client agreement.

Named Fiduciary clients are assessed asset-based fees only. Other clients typically pay both a fixed fee
for planning work and an asset-based fee if we agree to perform discretionary management. The initial
fixed fee agreement will address planning and ongoing oversight of the four areas of income tax,
investments (including non-marketable investments and closely held businesses), business succession,
and estate planning. If we are engaged to provide discretionary advice on marketable assets, in most
cases we will enter into a new or amended agreement that provides for a separate asset-based fee on
those investments. In many cases we are providing two separate sets of services: one related to planning
and non-discretionary investment advice for a fixed fee and one related to discretionary asset
management for an asset-based fee.

Fees for Discretionary Management of Marketable Securities
As described above, once we complete the initial assessment and review, it may be appropriate for us to
enter into an additional agreement related to ongoing management of marketable securities. Based on
the client’s needs as previously identified, we will select managers and provide information to the client
concerning our recommendations, including the third-party manager(s)’ disclosure brochure(s).
Depending on the managers selected, the services we will perform, and the client’s billing preferences,
our fees for investment implementation and management will be in the form of an asset-based fee, a
fixed fee, or a combination.

Except for rare cases involving illiquid securities, and described below, we do not provide asset-based
billing ourselves; asset-based fees are assessed by third-party managers or sub-advisors who retain their
portion and pay us ours. Total asset-based fees charged may vary as we re-allocate assets or select
different managers. The Barwick & Partners fee will remain constant, unless amended, and the total fee
charged will remain within the range described in the client agreement.

Fees for Non-Discretionary Advice on Marketable Securities
Clients may also elect to receive non-discretionary investment advisory services on a fixed fee basis. The
fixed fee will be based on our estimate of the amount of work involved. The services and related flat fee
will be specifically described in the client’s advisory agreement. This fixed fee will generally be structured
to account for other planning and advisory services that are not investment-related or that pertain to
illiquid assets.

Our minimum annual fee, from fixed fees, asset-based fees, or both, is $50,000. In some cases, we may
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Item 7. Types of Clients & Account Requirements
Our clients are typically high net worth individuals or families, and trusts. We also have some corporate
entities as clients. While we may occasionally make exceptions, our basic criterion for an engagement is
that clients have assets in the range of $50 - $500 million.