Boone Wealth Advisors LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    Comprehensive Portfolio Management:

                      Assets Under Management          Annual Percentage of Assets Charge
                           $0 to $99,999.99                         1.75%
                       $100,000 to $499,999.99                      1.50%
                       $500,000 to $999,999.99                      1.25%
                      $1,000,000 to $2,499,999.99                    1.0%
                      $2,500,000 to $4,999,999.99                   0.90%
                             $5,000,000 +                              Negotiable

    Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value of
    your account on the last day of the previous quarter. Adjustments will be made for deposits and
    withdrawals during the quarter. Our firm bills on cash unless indicated otherwise in writing. Our firm
    charges an advisory fee of up to 0.45% of assets under management for accounts subject to our firm’s

Form ADV Part 2A – Firm Brochure                    Page 7                                   Boone Wealth Advisors, LLC

    income strategy. The specific fee rate will be detailed in the applicable client’s signed advisory
    agreement. Fees are negotiable in certain circumstances for legacy clients, employees, and their
    family members. Fees will be automatically deducted from your managed account. As part of this
    process, the client is made aware of the following:

    a) Your independent custodian sends statements to you on at least a quarterly (typically monthly)
       basis showing your holdings, their market value, and all disbursements.
    b) You provide authorization permitting us to be paid directly from the managed account held by
       the independent custodian.
    c) Your independent custodian calculates the advisory fees for all fee schedules and deducts them
       from your account.
    d) If we send our own statement to our clients, we encourage our clients to compare the information
       provided in our statements with those from the qualified custodian in account opening notices
       and subsequent statements.

    We may pay compensation to Independent Money Managers for services rendered by these firms to
    our clients and our firm. This compensation is typically equal to a percentage of the overall
    investment advisory fee charged by our firm or an agreed upon fixed fee. The advisory fee paid to
    Independent Money Managers shall never exceed the overall amount in our published fee statement.
    We usually pay twenty-five (25) to fifty-percent (50%) of the overall advisory fee to Independent
    Money Managers for their services.

    Financial Planning & Consulting:

    We charge on an hourly or flat fee basis for financial planning and consulting services. The total
    estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity of
    our engagement with you. Our fees are calculated based on the time spent and the hourly rate of the
    person doing the work. Our hourly fees are as follows:

    Name                                                    Hourly Rate
    Michael Boone, CFA, CFP®                                $1,000/hour
    Shawn M. Nelson, CFP®                                   $450/hour
    Ryan Alderfer, CFP®                                     $300/hour
    Sterling Monroe, CFP®                                   $300/hour
    Julia LaRue                                             $125/hour
    Amy Avella                                              $125/hour

    Comprehensive Financial Plan – $2,500 to $7,500 Flat Fee
    Retirement Planning – $2,000 to $4,000 Flat Fee
    Retirement Community Analysis – $2,500 Flat fee

    Our Comprehensive Financial Planning fees are not negotiable and are billed after the delivery of the
    financial plan. Our flat fees range from $2,000 - $7,500 with a minimum fee of $1,500 for written
    financial plans. We may require a retainer of 50% of the ultimate financial planning or consulting fee
    with the remainder of the fee directly billed to you and due to us within 30 days of your financial plan
    being delivered or consultation rendered to you. In all cases, we will not require a retainer exceeding
    $1,200 when services cannot be rendered within 6 months.

Form ADV Part 2A – Firm Brochure                   Page 8                                 Boone Wealth Advisors, LLC

    LPL Sponsored Programs:

    The account fee charged to the client for each LPL Financial advisory program varies up to a
    maximum of 2.00%. Account fees are payable quarterly in advance. Fees are negotiable. The actual
    fee assessed will be disclosed in the program. LPL Financial serves as program sponsor, investment
    advisor and broker-dealer for the LPL Financial advisory programs. Our firm and LPL Financial share
    in the account fee and other fees associated with program accounts.

    GWP Managed Service clients are charged an account fee consisting of an LPL program fee of 0.35%
    and an advisor fee of up to 1.00%. In the future, a strategist fee may apply. However, LPL Research
    currently serves as the sole portfolio strategist and does not charge a fee for its services.
    FutureAdvisor is compensated directly by LPL for its services, including the Algorithm and related
    software, through an annual sub-advisory fee (tiered based on assets under management by
    FutureAdvisor, at a rate ranging from 0.10% to 0.17%). As each asset tier is reached, LPL’s share of
    the compensation shall increase and clients will not benefit from such asset tiers.

    Other Types of Fees & Expenses

    Non-wrap fee clients will incur transaction charges for trades executed in their accounts. These
...

Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations;
       • Pension and Profit Sharing Plans; and
       • Corporations, Limited Liability Companies and/or Other Business Types.

    Our requirements for opening and maintaining accounts or otherwise engaging us:
       • We do not require a minimum account value for our Comprehensive Portfolio Management
           service.
       • A minimum account value of $100,000 is required for Manager Access Select, however, in
           certain instances, the minimum account size may be lower or higher.
       • A minimum account value of $15,000 is required for OMP.
       • A minimum account value of $250,000 is required for PWP.
       • MWP requires a minimum asset value for a program account to be managed. The minimums
           vary depending on the portfolio(s) selected and the account’s allocation amongst portfolios.
           The lowest minimum for a portfolio is $25,000. In certain instances, a lower minimum for a
           portfolio is permitted.
       • A minimum account value of $5,000 is required to enroll in GWP’s Managed Service.

Form ADV Part 2A – Firm Brochure                  Page 10                               Boone Wealth Advisors, LLC