Bright Lake Wealth Management LLC

Item 5: Fees and Compensation
Investment Advisory / Portfolio Management Services

Fees are charged monthly for customer accounts in arrears based upon the average daily value of
client assets during the previous month or quarter as valued by the custodian. Fees are pro-rated
for the first partial month or quarter when a new account is opened. Fees are retroactive. The fee
schedule breakpoints and rates are a suggestion and may be modified.

Client portfolios are a maximum annual advisory fee of 1.65% but may be modified lower, as noted in
the Investment Advisory Agreement. The annual advisory fee is inclusive of any third-party manager
fees unless otherwise specified in the clients investment management agreement. The Firm does not
charge a minimum advisory fee and Advisory Fees charged by the Firm and other third-party
managers will not exceed 2%.
Our fees are charged monthly, in arrears, based upon the average daily value of client assets during the
previous month. Fees are deducted from designated client accounts. Clients must consent in advance for
Fidelity to deduct the fees from their account and the fees will be clearly noted on the client’s
statements. Fidelity is not responsible for the actual calculation of the fees. To illustrate the effect of our
advisors fees on an account, what follows is an illustration: an account with assets of $100,000 and is
charged a 1.65% annual advisory fee would have an annualized fee of $1,650 ($100,000 * .0165). This
fee is calculated and charged monthly, meaning the account would be charged a fee of $137.50
($100,000*(.0165 / 12)).

General Information

An investment management agreement can generally be terminated at any time, by the firm or the
client, for any reason upon prior written notice. The timing is specified in the investment
management agreement between Bright Lake and the client.

Our firm will not take custody or possession of client funds or securities at any time except to the
extent that we typically deduct fees directly from the client's account(s) when providing
discretionary investment management services.

All fees paid to the investment adviser are separate and distinct from fees and expenses charged by
any mutual fund, exchange-traded funds and closed-end funds. Fund fees are described in the
respective fund's prospectus. These fees will generally include management fees, various expenses
and a possible distribution fee. The client should review all fees being charged on its investments and
those charged by Bright Lake to fully understand the total amount of fees to be paid by the client and
to evaluate the advisory services being provided.

Clients incur certain charges imposed by custodians, brokers, and other third parties such as

                     Part 2A of Form ADV: Bright Lake Wealth Management LLC

custodial fees, trade execution fees, deferred sales charges, odd-lot differentials, transfer taxes, and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions.
Please refer to Item 12 (Brokerage Practices) in this Brochure for additional information.

Our firm and our professionals owe a fiduciary duty to all our clients. We also serve as a fiduciary to
advisory clients that are employee benefit plans (such as profit-sharing plans or pension plans) or
individual retirement accounts (collectively, our "retirement clients") (IRAs) pursuant to ERISA or
the Internal Revenue Code ("IRC"). When acting as a fiduciary to these plans, we are subject to specific
duties and obligations under ERISA and the IRC that include among other things, restrictions
concerning certain forms of conflicted compensation. To avoid engaging in prohibited transactions,
the firm only charges fees for investment advice (i) about products for which our firm and/or our
related persons do not receive any commissions or 12b-1 fees, or (ii) about products for which our
firm and/or our related persons receive commissions or 12b-1 fees if such commission and fees are
used to offset advisory fees.

Clients should be aware that similar advisory services could be available from other investment
advisors for similar or lower fees.

Financial Planning Services

The Firm does not charge a separate fee for financial planning services, at this time.

Estate Planning Services

Fees for estate planning services are $2,200 and are paid to Bright Lake via debit or credit card.
Fees are paid 50% in advance, with the remainder due upon the delivery of the estate planning
documents. When the firm requests a fee in advance, the amount paid in advance will not be more
than $1,200 per client and 6 months in advance.

Clients have the option to hire legal counsel to review the estate plan or transfer a house into their
trust using a quitclaim deed, at an additional expense to the client.

Item 7: Types of Clients
We offer our firm’s services to individuals, high net worth individuals, and other business entities,
profit-sharing plans, and estates and trusts. The firm does not currently have a minimum account
size.

                     Part 2A of Form ADV: Bright Lake Wealth Management LLC