Bernard Wealth Management Corp

Item 5 – Fees and Compensation
Fees for Portfolio Management Services. Our portfolio management fees are charged
quarterly, in advance, based upon the value of account(s) on the last business day of the
prior quarter. Portfolio management fees are as follows, including our minimum account
size:

              Account Type                Annual Fee               Account
                                                                   Minimum
       Equity/Growth                1.00% of first                 $250,000
                                    $1,000,000

                                    Plus 0.85% above
                                    $1,000,000
       Balanced                     1.00% of first                 $250,000
                                    $1,000,000

                                    Plus 0.85% above
                                    $1,000,000
       Fixed Income Only            0.65% of first                 $250,000
                                    $1,000,000

                                    Plus 0.50% above
                                    $1,000,000
       Tax-free Fixed Income        0.50% of first                 $250,000
       Only                         $1,000,000

                                    Plus 0.35% above
                                    $1,000,000

                                    Plus 0.30% above
                                    $5,000,000

                                                                 Bernard Wealth Management
                                                                                 ADV Part 2A
                                                                                 July 2, 2026

These fees and account minimums are both negotiable, based upon a number of factors,
including but not limited to the following:

   •    Other accounts related to your accounts
   •    Future investments
   •    Unique objectives or restrictions

Fees are computed on portfolio values as determined by your custodian (an independent,
third-party and qualified custodian). For accounts opened during a calendar quarter, your
first fee is charged based on the inception value of the account (as reported by your
custodian) and is due and payable at the inception of the account for the number of the
days we provide services to you. If you pay our fees via direct debit authorization, the
inception fee will be deducted as described below.
Alternatively, at our discretion, we may agree to a flat quarterly or annual fee for
investment management services. The fee may range from $1,000 to $20,000 annually and
is billed quarterly, in advance or prorated upon inception of the account(s). Under this fee
arrangement, clients will receive the same investment management services as clients
paying a fee based on percentage of assets under management.

Upon termination of an account, prepaid and unearned fees are promptly refunded to you
(within 30 days of the date of termination).

Householding of Accounts: Clients who have multiple accounts at the recommended
custodian (See Item 12, below) may authorize these multiple accounts to be managed
according to your IPS as long as the accounts can be householded as described below. In
addition, each householded account shall be identified in the portfolio management
agreement we have with you. We household accounts both for your convenience and to
meet our fiduciary obligations for fee calculation purposes. We will household accounts for
fee calculation purposes unless you instruct us otherwise. To Household accounts, each
must:

   1.   Have the same last name and physical street address
   2.   Be spouses or domestic partners at the same address
   3.   Be dependent family members
   4.   Additionally meet the recommended custodian’s definition of a household account;
        the following types of accounts may be householded:
            a. Individual or Joint Tenants;
            b. Living Trusts;
            c. Custodial accounts for minor children (UGMA/UTMA);

                                                                 Bernard Wealth Management
                                                                                 ADV Part 2A
                                                                                 July 2, 2026
         d. Sole Proprietorship
   5. Other types of organization(al) accounts if owned by an individual or family.

Corporate entities are not available for the Householding of Accounts.

Termination Provision: A portfolio management agreement may be terminated by either
party by delivering written notice to the other. Upon receipt of a termination from you we
will cease all activity on your behalf; transactions placed on your behalf are allowed to
settle, however, your notice of termination is effective when received.
As indicated above, all prepaid and unearned fees are promptly refunded to you upon
termination.

You also have the ability to terminate a portfolio management agreement within 5 days of
your execution of an agreement without penalty. However, as a fiduciary, we cannot
penalize a client for terminating an agreement. As a result, upon written notice you may
terminate an agreement with us at any time. We are permitted to charge you a fee for
services we provide to you (and refund prepaid and unearned advisory fees).
Financial Planning Services Financial Planning Services are generally billed on a flat fee
basis. The standard fee for a financial planning engagement is $2,500. We do not expect
payment until after we have met with the client to review our analysis and
recommendations.

Qualified Retirement Plans Annual fees will generally range from 0.25% to 1% of assets
under management, depending on plan size and complexity. We generally require a
minimum plan size of $250,000.

Hourly Planning Services BWM may provide project-based advisory and consulting
...

Item 7 – Types of Clients

Our services are provided to the following types of clients:

   •   Individuals
   •   High net worth individuals
   •   Businesses
   •   Corporate pension and profit-sharing plans
   •   Charitable organizations

                                                                             Bernard Wealth Management
                                                                                             ADV Part 2A
                                                                                             July 2, 2026