Black Walnut Wealth Management LLC

Item 5 – Fees and Compensation
Fee Schedule

WEALTH MANAGEMENT SERVICE FEE
BWWM charges Clients one combined fee for both investment management and financial planning & consulting.
The standard fee paid as a percentage of managed assets will not exceed the safe harbor maximum of 2.00%.
BWWM requires a minimum annual fee of $7,500, although we reserve the right to make exceptions at our
discretion. Fees are paid quarterly in advance. Fees in the initial quarter of service are prorated based on the
number of days in the prior quarter the account was serviced by BWWM. The specific manner in which fees are
charged by BWWM is established in the client’s written investment management agreement with BWWM.
BWWM may charge a lesser portfolio management fee, charge a flat fee, waive its fee entirely, or charge a fee
based upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional assets, the dollar
amount of assets to be managed, related accounts, account composition, the complexity of the engagement,
anticipated services to be rendered, grandfathered fee schedules, employees and family members, courtesy
accounts, etc.). As a result, similarly situated clients could pay different fees.
BWWM may provide a credit toward the Client’s advisory fees for professional service expenses paid by the
client. This service is provided at BWWM’s discretion, based upon the historical relationship with the Client.
BWWM may provide referrals to assist a client in selecting a service provider, however, the client is always
responsible for determining the firm or professional which best suits their needs. BWWM receives no
compensation or incentives from such providers.
Clients may terminate their engagement with BWWM within five (5) business days of signing an Agreement with
no obligation and without penalty. After the initial five (5) business days, the Agreement may be terminated by
BWWM with thirty (30) days written notice to Client and by the Client at any time with written notice to BWWM.
For accounts opened or closed mid-billing period, fees will be prorated based on the days services are provided
during the given period. All unpaid earned fees will be due to BWWM, and all unearned fees will be refunded to
the Client. Any increase in fees will be acknowledged in writing by both parties before any increase in said fees
occurs.
Fees are deducted from your account(s) by the custodian as requested by BWWM. You provide written
authorization permitting the deduction of fees from your account(s) directly from the custodian when you execute
our written agreement and separate account forms required by the custodian.

At least quarterly, you will receive a statement from the custodian reflecting the deduction of the portfolio
management fee. It is your responsibility to verify the accuracy of any fees listed on the custodian’s brokerage
statement as neither the custodian nor BWWM assume this responsibility; therefore, you should immediately
notify BWWM if you are not receiving statements from the custodian, or if you have questions about fees.
Payment of Fees
Wealth Management Fees are generally deducted directly from the Client’s Account.

Other Fees and Expenses
You may incur certain fees or charges imposed by third parties, other than BWWM, in connection with
investments made on behalf of your account. You are responsible for all custodial and securities execution fees
charged by the custodian and executing broker-dealer. The portfolio management fee charged by BWWM is
separate and distinct from these custodian and execution fees. In addition, all fees paid to BWWM are separate
and distinct from the expenses charged by mutual funds and exchange-traded funds to their shareholders, if
applicable. These fees and expenses are described in each fund’s prospectus. You may be able to invest in
some of these products directly, without the services of BWWM, but would not receive the services provided by
BWWM. These services are designed, among other things, to assist you in determining which products or
services are most appropriate to your risk tolerance, financial condition, and objectives. BWWM does not directly
receive any compensation from these fees. For more details on the brokerage practices, see Item 12 of this
brochure.

Prepayment of Fees
BWWM does not expect Clients to prepay fees.

External Compensation for the Sale of Securities
BWWM does not receive any external compensation from the sale of securities.

Item 7 – Types of Clients & Account Minimums
We primarily provide advisory services to the following types of clients:
   ▪   Individuals
   ▪   High Net Worth Individuals
   ▪   Trusts, Estates, and Charitable Organizations
We believe it is our obligation to honestly assess our professional capacity to serve each new client in a manner
that is consistent with the high standard of care we provide to each of our existing clients. For this reason, our
relationship portfolio minimum is approximately $1,000,000. We may, in our sole discretion, accept accounts
below this minimum based on factors such as:

   ▪   The nature of the relationship
   ▪   Account composition and expected account size
   ▪   Related accounts and future earning capacity
   ▪   Anticipated future additional assets