Bowen Financial Services LLC

Item 5 – Fees and Compensation

Billing Practices; Deduction of Fees from Client Accounts

Bowen Financial bases its fees on a percentage of assets under management, hourly
charges and fixed fees. The specific manner in which fees are charged by Bowen Financial
is established in a client's written agreement with Bowen Financial. The minimum account
size is generally $1,000,000. Accounts below this minimum may be charged a fee not to
exceed $10,000. These fees are negotiable in special circumstances. It is possible for
clients with advisable assets significantly below $1,000,000 to pay fees in excess of
industry standards. For such clients, similar services may be available elsewhere for a
lower fee.

Bowen Financial’s financial planning and investment supervisory service fees are charged
on a tiered basis. Clients are charged 1% per annum on the first $2,000,000 of assets under
management, 0.75% on the next $3 million, 0.5% on the next $5 million, 0.35% on the next
$10 million, and 0.25% on assets over $20 million.

Aggregation of Client Accounts: Individual accounts for immediate family members
(husband, wife and dependent children living in the same household) are aggregated and
our fees are charged based on the total value of such family members’ accounts.

Billing Occurs in Advance; Valuation of Assets: Fees are payable quarterly in advance.
Clients will be invoiced in advance at the beginning of each calendar quarter. Billing
amounts are based on the value (market value or fair market value in the absence of
market value) of the client's account(s) (including both securities and cash) at the end of
the previous quarter. Valuations are derived from recognized and independent pricing
sources, such as Charles Schwab Institutional, or other custodians.

Held away assets (e.g. client 401(k) accounts under our management) will be valued based
on quarterly statements provided by the client. Clients will be contacted each quarter to
provide updated statements. If quarterly statements are not promptly received, we will
value based on the most recent statement provided by the client.

Bowen Financial will not hold funds greater than $1,200 for more than six months in
advance of completion of the engagement.

When Authorized, Deduction of Fees from Client Accounts: Clients may choose whether to
have their fees billed directly or deducted from client accounts. In certain situations, such
as for some qualified retirement plan accounts and traditional IRA accounts, it may be
advantageous to the client from a tax perspective to have the portion of Bowen Financial’s
fees attributable to such accounts directly deducted from such account. Where fees are to
be deducted from a client’s account, Bowen Financial will request authority from clients to
receive quarterly payments directly from the client's account(s) held by an independent
qualified custodian, such as Charles Schwab Institutional. Clients may provide written
limited authorization to Bowen Financial to withdraw fees from account(s). Bowen
Financial will send to the client an invoice showing the amount of the fee, the value of the
client's assets on which the fee was based, and the specific manner in which the fee was
calculated. Clients should verify the accuracy of the fee calculations in such invoices. Clients

will also receive custodial statements showing the advisory fees debited from their
account(s).

General Fee Disclosures

Bowen Financial, in its sole discretion, may negotiate the scope of services and fees in
limited circumstances and may charge a lesser investment advisory fee, charge a flat fee,
waive its fee entirely, or charge a fee on a different interval, based upon certain criteria (i.e.
anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, complexity of the
engagement, anticipated services to be rendered, grandfathered fee schedules, employees
and family members, courtesy accounts, competition, negotiations with client, etc.). Please
Note: As result of the above, similarly situated clients could pay different fees. In addition,
similar advisory services may be available from other investment advisers for similar or
lower fees. ANY QUESTIONS: Registrant’s Chief Compliance Officer, John G. Bowen, remains
available to address any questions that a client or prospective client may have regarding
advisory fees. Fees may be waived or reduced for advisory personnel or employees.

Either party may terminate an agreement for services provided by Bowen Financial
without penalty, upon written notice to the other. If termination occurs before the end of a
calendar quarter, a pro-rata refund of unearned fees will be made to client.

All fees are calculated as described above and are not charged on the basis of a share of
capital gains upon or capital appreciation of the funds or any portion of the funds of an
advisory client.

All of our fees, and fee minimums are subject to negotiation; factors involved include but
are not limited to whether the client is an employee, our desire to serve clients in need of
the assistance of Bowen Financial’s services who otherwise cannot afford our services, the
size of the relationship, whether future additions will be undertaken to accounts upon
which advice is provided, the level and type of advisory services provided and likely to be
provided in the future, and the relationship between the advisor and the client. Generally,
our principals and employees are not charged fees on either their accounts or those of
immediate family members.

Other Fees
Custodian Charges Additional Fees. All fees paid to Bowen Financial for investment
advisory and financial planning services are separate and distinct from the fees and
expenses charged by mutual funds to their shareholders or the transaction fees charged by
the custodian(s). As discussed below at Item 12, when requested to recommend a broker-
...

Types of Clients
Bowen Financial provides portfolio management services to individuals, high net worth
individuals, families, trusts and estates. Advice may extend to entities related to the client
such as small businesses and charitable organizations including foundations, endowments
and pension plans, as may be reflected on ADV Part 1, Item 5.D., which can change over
time.

Account Minimums
Bowen Financial does not impose a minimum dollar value of assets or other condition for
opening or maintaining an account, however the minimum account size is generally
$1,000,000. Accounts less than $1,000,000 may be subject to a minimum quarterly fee of
$2,500.

Bowen Financial, in its sole discretion, may negotiate the scope of services and fees in
limited circumstances and may charge a lesser investment advisory fee, charge a flat fee,
waive its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e.
anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, complexity of the
engagement, anticipated services to be rendered, grandfathered fee schedules, employees
and family members, courtesy accounts, competition, negotiations with client, etc.). Please
Note: As result of the above, similarly situated clients could pay different fees. In addition,
similar advisory services may be available from other investment advisers for similar or
lower fees.