Blackhawk Capital Partners LLC

Item 5: Fees and Compensation

A. Methods of Compensation and Fee Schedule

 A.1. Investment Advisory & Separate Account Manager Fees
Your management fee is agreed upon between you and your Investment Advisory
Representative (hereinafter “IAR”) and established in your agreement. Because your
management fee may be negotiated, it therefore may be higher or lower than the management

                    Part 2A of Form ADV: Blackhawk Capital Partners, LLC Brochure

fee paid by other clients of your IAR or the management fee charged to other clients for similar
services.
Your management fees are based upon the percentage of assets within your custodian account
at the end of the prior quarter. Please be advised the firm uses a third-party vendor, Orion
Advisor Technology (“Orion”), for its advisory client billing. The statement values used by Orion
are based upon trade date, whereas Schwab’s statement values are based upon settled trades.
As a result, the values used by Orion versus those used by Schwab may be higher. Typically,
there is a three (3) business day differential between trade date and settlement date. Your
management fee includes all fees and charges for the services of the IAR relating to their
management of your account. Your IAR may separately provide and bill for other services as
otherwise agreed to by you and your IAR.
The total managed account fee will include Blackhawk’s advisory fee (maximum 3.0%, which is
negotiable), plus a sub-adviser strategy fee/platform fee if the separate account manager
platform is utilized (separate account manager’s fee portion is non-negotiable). The client’s
custodian statement will show two separate line items: Blackhawk’s fee and the separate account
manager’s fee.
Blackhawk offers access to a proprietary investment strategy. As a result, Blackhawk has an
economic incentive to utilize its proprietary model strategy versus those available through the
separate account manager.
Model manager/strategy fees may change. Clients will be required to approve in writing any
model manager/strategy change that results in an increased fee. Please ask your IAR for a
current list of model strategies and their costs. In consideration for such services, the separate
account manager will charge a program fee that includes the investment management fee of
the model providers, the administration of the program, and trading, clearance and settlement
costs. Clients should note that comparable services may be available elsewhere at more
favorable pricing. Clients are encouraged to discuss with their IAR the most appropriate tier of
services, given the client’s needs and the applicable cost given the client’s investment goals and
objectives.
In addition to the management fee, a quarterly fee in the amount of $12.50 will be charged to
each account to cover costs and expenses of Orion for the administration of the account
(including data feed and reconciliation services, fee calculation matters, performance and
reporting services, and other technology support services).
Asset-based fees are always subject to the investment advisory agreement between the client
and Blackhawk, and if the separate account manager’s platform is utilized, in the separate
Portfolio Confirmation Form clients are required to sign prior to implementation of their
portfolio. Such fees are payable quarterly in advance. The fees will be prorated if the investment
advisory relationship commences otherwise than at the beginning of a calendar month.
Adjustments for contributions of $20,000 or more to a client’s portfolio are prorated for the
quarter in which the change occurs; no adjustments will be made for withdrawals.
A client investment advisory agreement may be canceled at any time by the client, or by
Blackhawk with written notice to the client. Upon termination, any unearned, prepaid fees will be

                    Part 2A of Form ADV: Blackhawk Capital Partners, LLC Brochure

promptly refunded. Refunds are given on a prorated basis, based on the number of days
remaining in a quarter at the point of termination. Fees that are collected in advance will be
refunded based on the prorated amount of work completed up to the day of termination within
the quarter terminated. The fee refunded will be the balance of the fees collected in advance
minus the daily rate* times the number of days in the quarter up to and including the day of
termination. (*The daily rate is calculated by dividing the quarterly AUM fee by the number of
days in the termination quarter). The client has the right to terminate an agreement without
penalty within five business days after entering into the agreement.

 A.2. Wealth/Financial Planning Fees
Financial planning fees will be billed at the maximum rate of $250 per hour or a fixed fee
mutually agreed upon by the client and Blackhawk. For fixed fee arrangements, Blackhawk will
provide the prospective client with an estimate of the fixed charges prior to finalizing the
financial planning agreement. Estimates will be based upon a good faith estimate of the number
of hours to complete the assignment multiplied by the hourly rate and re-evaluated at a later
point as discussed above.
Fees are generally paid in advance based on the estimated number of required hours, but never
more than six months in advance. The client will be billed directly for such services. Invoices will
be mailed out on a periodic basis reflecting completed work performed. Clients seeking to
terminate this service must do so in writing. Fees that are charged in advance will be refunded
based on the prorated amount of work completed at the point of termination. The fee refunded
will be the balance of the fees collected in advance minus the hourly rate times the numbers of
hours of work that has been completed up to and including the day of termination. Clients may
terminate their contracts without penalty within five business days of signing the advisory
contract.

 A.3. Model Provider Service Fees
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Item 7: Types of Clients
Blackhawk offers its investment services to various types of clients including individuals, high-
net-worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations,
insurance companies, corporations, and other business entities.
Blackhawk does not require a minimum account size.