Boyce & Associates Wealth Consulting Inc

Item 5 – Fees and Compensation

Asset Management Fee Schedule
Boyce & Associates Wealth Consulting does not impose a minimum account balance for the opening of
an account with the Adviser. The fee charged is based upon the amount of money invested. Multiple
accounts of immediately related family members, at the same mailing address, shall be considered one
consolidated account for billing purposes. Fees are charged monthly, in arrears, as agreed upon by the
Adviser and Client at the time of entering into this advisory agreement. Payments are due and will be
assessed on the last day of each month, based on the previous month ending balance of the account(s)
under management for the preceding month. Fees will be calculated as follows:

                                           Tiered fee Schedule

                               AUM                                     Fee
                          $0 - $499,999                               1.25%
                       $500,000 - $999,999                            1.05%
                     $1,000,000 - $2,999,999                          0.85%
                     $3,000,000 - $4,999,999                          0.55%
                     $5,000,000 - $9,999,999                          0.40%
                      $10,000,000 – And Up                            0.30%

The fees shown above are annual fees and are negotiable based upon certain circumstances. No increase
in the annual fee shall be effective without prior written notification. Boyce & Associates Wealth
Consulting believes the advisory fee is reasonable considering the fees charged by other investment
advisers offering similar services/programs. Lower fees for comparable services may be available from
other sources.
If the Clients assets under management exceeds $250,000, Financial Planning and Consulting shall be
included in the asset-based fee specified in your agreement. Multiple accounts of immediately related
family members, at the same mailing address, may be considered one consolidated account for purposes
of meeting this threshold. If your assets under management are below $250,000, you shall either 1) not
receive Financial Planning and Consulting or 2) you may seek this service pursuant to a separate
agreement with Boyce & Associates, the fees for which are detailed below. If you seek Financial Planning
pursuant to a separate agreement, you shall pay the fee specified in that agreement in addition to the fee
specified in your asset management agreement.

Boyce & Associates           ADV Part 2A             February 26              Page 14 of 35
                                                                         © 2010 – 2026 Red Oak Compliance Solutions LLC

In addition to the Adviser’s annual investment management fee, the Client shall also incur, relative to all
mutual fund purchases which includes charges imposed at the mutual fund level (i.e. advisory fees and
other fund expenses, if applicable), transaction and administrative fees. The Client acknowledges that
trading costs will be assessed to the Client according to the agreements made with the Custodian(s) and
other third parties as applicable.

The Client acknowledges and agrees that the Adviser may charge for certain additional Assets managed
for the Client by the Adviser, but not held by the Custodian (i.e. variable annuities, mutual funds, 401(k),
and variable life).

Automatic Payment of Fee
The Client agrees to authorize the Custodian to pay directly to Boyce & Associates Wealth Consulting upon
receipt of notice, the Account's investment advisory services fee. Fee withdrawals will occur no more
frequently than monthly from the Client's Account, unless specifically instructed otherwise by the Client.

The Custodian will send to the Client a statement, at least quarterly, indicating all amounts disbursed from
the Account, including the fee paid directly to Boyce & Associates Wealth Consulting. Boyce & Associates
Wealth Consulting's access to the Assets of the Account will be limited to trading and the withdrawals
authorized above. Additionally, Boyce & Associates Wealth Consulting will send to the Client an invoice
reflecting the amount of the fee, the previous month ending balance for the Client's Account on which
the fee was based, and the specific manner in which the fee was calculated.

Third-party Fees
Our fees do not include brokerage commissions, transaction fees, and other related costs and expenses.
You may incur certain charges imposed by custodians, third party investment companies and other third
parties. We do not receive any portion of the fees which may be charged by third parties. These include
fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds, money market funds and exchange-traded funds (ETFs) also charge internal
management fees, which are disclosed in the fund’s prospectus. These fees may include, but are not
limited to, a management fee, upfront sales charges, and other fund expenses. Certain strategies offered
by us may involve investment in mutual funds and/or ETFs. Load and no-load mutual funds may pay annual
distribution charges, sometimes referred to as “12(b)(1) fees”. These 12(b)(1) fees come from fund assets,
and thus indirectly from clients’ assets. We do not receive any compensation from these fees. All of these
fees are in addition to the management fee you pay us. You should review all fees charged to fully
understand the total amount of fees you will pay. Services similar to those offered by us may be available
elsewhere for more or less than the amounts we charge. Our brokerage practices are discussed in more
detail under Item 12 – Brokerage Practices.

Financial Planning Fees
For clients who have less than $250,000 in assets under management and receive separate financial
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