Brown Miller Wealth Management LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

BMWM offers our advisory services on a fee-only basis. Our fees vary among the different types of
advisory services we offer and may be negotiated at our sole discretion. The specific fees and manner
in which fees are charged and calculated are described in your investment advisory agreement. Clients
should carefully review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. A client may be charged different fees than similarly situated clients for the same services.
Clients should carefully review this brochure to understand the fees and other sources of compensation
that exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Wealth Management Services

BMWM offers investment and wealth management services for an annual fee based on the amount of
assets under the firm’s management. Fees are generally billed in arrears each calendar quarter based
on the average daily balance. BMWM, in our sole discretion, may waive the minimum annual fee
based upon certain criteria, including, but not limited to, anticipated future earning capacity and/or
additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-
existing client relationships, account retention, and pro bono activities. For investment and wealth
management services BMWM provides with respect to certain client holdings (e.g., held-away assets,
529 plans, etc.), we may negotiate a fee rate that differs from our standard fee schedule.

Clients are responsible for paying the charges for transactions in their account in addition to BMWM’s
annual advisory fee. Please refer to the broker-dealer’s disclosure documents for specific transaction
costs.

Our graduated fee schedule is as follows:

           Assets Under Management                      BMWM Annual Advisory Fee
           First $500,000                               1.25%
           Next $500,000                                1.00%
           Next $1,000,000                              0.85%
           Next $1,000,000                              0.75%
           Next $2,000,000                              0.65%
           Next $5,000,000                              0.55%
           Above $10,000,000                            0.40%

This fee schedule may be based on cumulative household assets under management. However, certain
ERISA rules prevent householding corporate plans with personal assets for fee reductions. Clients
should refer to their advisory agreement for their specific fee rate(s).

For client accounts held at a custodian that is not directly accessible by BMWM, such as held-away
assets, BMWM can manage those assets via a third-party platform which allows BMWM to view and
manage these assets in a discretionary manner. Held-away assets will be included to the client’s total
assets subject to the fee schedule above. However, as it might not be possible to directly debit the fees
from these accounts, those fees will be assigned to the client’s non-qualified accounts, or the client will
be billed directly to the client. The advisory fee calculation for held-away assets is assessed on the
value of the account at quarter-end and not determined via the average daily balance.

Selection of Independent Managers

Fees for Independent Managers are set forth by the Independent Manager and are in addition to
BMWM’s fee schedule noted above. Details of the specific fee rate per Independent Manager will be
provided to clients.

Third-Party Managers

BMWM can also recommend client’s assets be managed by Independent Managers. Fees for assets
managed by an Independent Manager will vary based on the Independent Manager’s fee schedule and
will generally range from 0.20 - 0.50% annually. Independent Managers will deduct their own fee
directly from the client’s assets separately from the BMWM fee. Clients should refer to the
Independent Manager’s Form ADV Part 2A Brochure for information on their fees and compensation.

Axxcess UMA Platform

Should BMWM recommend client assets be placed with an Independent Manager available through
the Axxcess UMA platform, a separate, additional management fee ranging up to 0.50% annually will
be charged. In addition to this separate management fee, an annual Axxcess account maintenance fee
of $50 will be charged to the client which covers their operational expenses such as reporting and
account maintenance. Axxcess’ management and maintenance fees will be deducted from the client’s
assets separately and in addition to BMWM’s fee described directly above.

Separate Financial Planning and Consulting Services

Fees for financial planning and/or consulting services can be billed on a project, fixed rate, or an
hourly rate. There is no minimum fee required for this service, however the financial analysis fee shall
not exceed $20,000. BMWM requires a retainer for the services which is payable upon entering the
agreement. The balance of the fee is due and payable upon receipt of the final consulting or planning
services. BMWM can agree with clients to charge fixed fees for consulting. Based on the task(s) to be
performed, BMWM and the client may agree on a fixed fee based on an estimate of the number of
hours necessary for completion. BMWM can request a deposit to initiate consulting services. BMWM
will not request the prepayment of fees more than $1,200 more than six months in advance.

Fiduciary and Non-Fiduciary Services for Plan Sponsors

Fees for retirement plan sponsors are either set at a flat rate, hourly rate or based upon the value of the
plan assets that are the subject of the consulting services and are generally payable in arrears on a
quarterly basis. Fees for one-time projects are payable either upon completion of the project or half
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Item 7 – Types of Clients

BMWM offers investment advisory services to a wide variety of clients, including individuals, high
net worth individuals and families, pension, profit-sharing and other employer sponsored plans, trusts,
estates, family entities, charitable institutions, foundations, endowments, corporations, and other
business entities.

For new client relationships, BMWM generally requires a minimum account of $500,000 - $1,000,000
per household to open an account. The firm, in its sole discretion, may accept clients with smaller
portfolios based upon each client’s particular circumstances as it deems appropriate. BMWM can
aggregate the portfolios of family/household members to meet the minimum portfolio size.

Certain Independent Managers may impose more restrictive account requirements and varying
billing practices than BMWM. In such instances, BMWM may alter its corresponding account
requirements and/or billing practices to accommodate those of the Independent Managers.