Belmont Private Wealth

Item 5: Fees and Compensation
Please note, unless a Client has received this brochure at least 48 hours prior to signing an Advisory
Contract, the Advisory Contract may be terminated by the Client within five (5) business days of signing the
Advisory Contract without penalty.

How we are paid depends on the type of advisory services we perform. Below is a brief description of our
fees, however, you should review your executed Advisory Contract for more detailed information regarding

the exact fees you will be paying. No increase to the agreed-upon advisory fees outlined in the Advisory
Contract shall occur without prior Client consent.

Wealth Management Services

The fee is based on a percentage of assets under management and is negotiable. The annualized fees for
investment management services are based on the following fee schedule:

                    Assets Under Management                    Annual Advisory Fee
                           $0 - $1,000,000                             1.00%
                       $1,000,001 - $3,000,000                         0.90%
                       $3,000,001 - $6,000,000                         0.70%
                      $6,000,001 - $10,000,000                         0.60%
                      $10,000,001 - $25,000,000                        0.50%
                       $25,000,001 and Above                           0.40%

The annual advisory fee is paid quarterly in advance based on the balance of the Client’s account(s) on the
last day of each quarter. The advisory fee is a blended/straight tier. For example, for assets under
management of $2,000,000, a Client would pay 1.00% on the first $1,000,000 and 0.90% on the remaining
balance. The quarterly fee is determined by the following calculation: (($500,000 x 1.00%) + ($500,000 x
0.95%)) ÷ 4 = $4,750.

In determining the advisory fee, we may allow accounts of members of the same household to be
aggregated. BPW relies on the valuation as provided by Client’s custodian in determining assets under
management. Our advisory fee is prorated for any partial billing periods occurring during the engagement,
including the initial and terminating billing periods.

Ongoing Financial Planning

Ongoing Financial Planning is included with our wealth management services at no additional cost.

Fee Payment

For Wealth Management services, we deduct our advisory fee from one or more account(s) held at an
unaffiliated third-party custodian, as directed by the Client. Please refer to Item 15 of this Brochure
regarding our policy on direct fee deduction.

For Financial Planning services, fees are paid by electronic funds transfer (EFT) or check. We use an
independent third party payment processor in which the Client can securely input their banking information
and pay their fee. We do not have access to the Client’s banking information at any time. The Client will be
provided with their own secure portal in order to make payments.

Other Types of Fees and Expenses

Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which may be incurred by the Client. Clients may incur certain charges imposed by custodians, brokers, and
other third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer, and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual fund and exchange-traded funds also charge internal management fees, which are
disclosed in a fund's prospectus. Such charges, fees, and commissions are exclusive of and in addition to
our fee, and we shall not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that we consider in selecting or recommending custodians for Client’s
transactions and determining the reasonableness of their compensation (e.g., commissions).

Clients may incur fees from third-party professionals such as accountants and attorneys that BPW may
recommend, upon Client request. Such fees are separate and distinct from BPW’s advisory fees.

Terminations and Refunds

For Wealth Management services, the Advisory Contract may be terminated with written notice at least 30
calendar days in advance. Upon termination of the Advisory Contract, a prorated refund will be provided to
the Client.

For Ongoing Financial Planning services, the Advisory Contract may be terminated with written notice at
least 30 calendar days in advance. Upon termination, the fee will be prorated based on the percentage of
work completed by the Advisor and refunded to the Client.

Sale of Securities or Other Investment Products

Advisor and its supervised persons do not accept compensation for the sale of securities or other
investment products including asset-based sales charges or service fees from the sale of mutual funds.

Item 7: Types of Clients
We provide financial planning and investment management services to individuals and high net-worth
individuals.

We do not have a minimum account size requirement to open or maintain an account.