Bluestem Financial Advisors LLC

Item 5 – Fees and Compensation

Description

Open Retainer Fee:
For Open Retainer services, Bluestem charges an annual fee, payable quarterly, in advance of services received, based
on a percentage of Client’s Net Worth according to the tiered fee schedule below. Net Worth includes all assets owned
by Client including cash, securities, retirement accounts, value of life or other insurance products, real estate (including
home minus the mortgage, subject to limitations), vehicles, less outstanding liabilities such as mortgages or other debt.
Business assets and liabilities are generally excluded unless the business is a single-owner business that is not
incorporated. Net worth does not include items such as Donor Advised Fund balances, nor personal property such as
household goods, collectibles, or jewelry. Advisor may exclude certain debt from the calculation of Client’s net worth for
purposes of determining Advisor’s fee when a significant level of ongoing planning or services will be required
surrounding that liability. Advisor may also make other adjustments based on individual complexity of each client. For
circumstances in which the Fair Market Value (FMV) of an asset may not be readily available, Bluestem will make a
good faith effort to determine a value. Advisor will provide Client with an Annual Net Worth Report and Retainer Fee
Calculation, incorporated herein by reference, for purposes of recalculating and setting forth Advisor’s fee in a renewal
year of services.

The minimum base fee for Open Retainer services is $5,000, with base fees beyond the minimum being calculated as
follows:

              For Net
                                    But Not                 Base                               Of Net
              Worth                                                            Plus:
                                    Over:                   Fee Is:                            Worth Over:
              Above:
              $0                    $1,000,000              $5,000             0.80%           $625,000
              $1,000,000            $3,000,000              $8,000             0.65%           $1,000,000
              $3,000,000            No Maximum              $21,000            0.40%           $3,000,000

In addition to the schedule above, Bluestem may use its discretion to make flat-dollar upward adjustments to clients’
fee calculation to account for situations that may require ongoing planning work that is above and beyond what would
be considered typical for that level of net worth. Upward adjustments range from $500-$2,000 per occurrence and
typically relate to additional tax preparation or planning work related to irrevocable trusts, businesses, or other complex
planning needs.

Add-ons, credits, and miscellaneous adjustments: If requested, Advisor will prepare tax returns for client’s
dependents under the age of 19 for an additional $250 per dependent tax return, plus an hourly rate of $175 for
additional complexity. Advisor also charges $250 to amend any returns not prepared by Advisor. Any other credits or
adjustments will be determined in the sole discretion of Advisor.
Note: fees are not negotiable.

Financial Review Fee

Services under the Financial Review Project Retainer are provided on a flat-fee basis, based on the amount of time
required by the Advisor to complete the services. The minimum fee is $1,350 for a single meeting engagement. The
fee is due, in full, no more than two weeks prior to the scheduled date of the appointment.

The Advisor will not require prepayment of more than $1,200.00 in fees, six months or more in advance, from any
Financial Review or Open Retainer client.

The Advisor also charges at an hourly rate for certain discretionary items not covered in other engagements. In those
scenarios, the Advisor charges an hourly rate of up to $275.00 per hour for a specified project. Work completed by
non-advisory staff may be billed at a lower hourly rate.

Fee Billing
Open Retainer fees are recalculated annually and billed quarterly in advance of planning work to be completed,
meaning that clients are invoiced before the three-month billing period has begun. Client authorizes Bluestem to
instruct the account Custodian to deduct its fee from the assets held in the client’s account. If a client has more
than one account, Bluestem will make the determination as to which account the fee is taken from based on the
client’s best interest, or at their instruction. In the event that Bluestem cannot directly deduct its fee from a
client’s account, we will invoice the client directly for payment of fees as they become due and payable. When
invoicing is necessary, Bluestem accepts payment by ACH bank transfer or other means of electronic payment
acceptable in our sole discretion.

The qualified custodian will deliver an account statement to the client at least quarterly, which will show all
disbursements from the client’s account, including the advisory fee deducted on a quarterly basis.
Project Retainer fees are billed upon signing of the agreement, and are payable via check, ACH bank transfer or
other means of electronic payment acceptable in our sole discretion.

Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Advisor, in connection with
investments made on behalf of the Client’s account[s]. Custodians may charge transaction fees on purchases or
sales of certain mutual funds and exchange-traded funds. The Client is responsible for all custodial and securities
execution fees charged by the custodian and executing broker-dealer. The management fee charged by Advisor is
separate and distinct from these custodian and execution fees.
A Client could invest in these products directly, without the services of Advisor, but would not receive the services
provided by Advisor which are designed, among other things, to assist the Client in determining which products or
...

Item 7 – Types of Clients

Client relationships vary in length of service. Bluestem works with a variety of client situations and life
stages, but has specific expertise in working with the following types of clients:

Young Professionals:
             Prioritizing savings plans for the future (emergency savings, children's college, retirement, etc.)
             Navigating financial decisions around life changes including starting a family, buying a home, or
                career changes
             Cashflow planning and student loan strategies for advanced degrees and professional education
             Insurance needs for protecting new and growing families

Pre-Retirees:
                   Simplifying and consolidating financial accounts and complexity accumulated over a lifetime
                   Determining resources needed to afford desired lifestyle in retirement and keeping goals on
                    track
                   Navigating the transition to retirement, including creating a Retirement Paycheck from the
                    portfolio
                   Planning and implementing a strategy for charitable and family gifting

University Professionals:
               Simplifying and consolidating financial accounts and complexity accumulated over a lifetime
               Determining resources needed to afford desired lifestyle in retirement and keeping goals on
                  track
               Navigating the transition to retirement, including creating a Retirement Paycheck from the
                  portfolio
               Planning and implementing a strategy for charitable and family gifting

Account Minimums:
Bluestem Financial Advisors does not have a minimum account size for clients of any retainer contract but may
have a minimum fee charged depending on the type of engagement and scope of work involved.