BWM Planning LLC

Item 5: Fees and Compensation
Please note, unless a client has received the firm’s Disclosure Brochure at least 48 hours prior to signing the
investment advisory contract, the investment advisory contract may be terminated by the client within five (5)
business days of signing the contract without penalty. How we are paid depends on the type of advisory service
we are performing. Please review the fee and compensation information below.
Any fees which are found to be 2% or greater of the Client’s assets under management are considered in
excess of industry norm and clients may obtain similar advisory services for less. Note: legacy clients may be
charged at a different rate or billing frequency. Please refer to your specific Client Agreement to determine the
terms and conditions.

Investment Management & Ongoing Financial Planning

We are compensated for investment management and ongoing financial planning services in accordance with the
fee schedule below:

                              Assets                              BWM’s Annual Fee

             0 - $5,000,000                             $25,000

             $5,000,001 - $6,500,000                    $30,000

             $6,500,001 - $8,000,000                    $35,000

             $8,000,001 - $10,000,000                   $40,000

             $10,000,001 - $12,500,000                  $45,000

             $12,500,001 - $15,000,000                  $50,000

             $15,000,001 - $18,000,000                  $55,000

             $18,000,001 - $22,000,000                  $60,000

             $22,000,001 - $26,000,000                  $65,000

             $26,000,001 - $30,000,000                  $70,000

             Taxable Estate                             Negotiable

The annual fees are paid in advance on either a monthly or quarterly basis. The fee is a flat fee and is based on a
client’s total assets. For purposes of determining “Assets,” assets include, but not limited to, assets held away in
retirement accounts, qualified plans, cash, brokerage accounts, and other investments. Assets do not include
goodwill, franchise rights, organizational expenses, patents, copyrights, other assets of intangible nature, home,
home furnishings, automobiles, and other personal items not readily marketable.

For example, if a client’s total assets is $4,000,000, they would pay an annual fee of $25,000. This fee is either
divided by 4 (for quarterly billing) or 12 (for monthly billing). Assets will be determined through the
onboarding and intaking process and may be amended from time to time based on the information provided by
the client. BWM may adjust its fee based on the increase or decrease of the client’s total assets. No increase in
the annual fee shall be effective without prior client consent. The annual fee is negotiable, and the final
negotiated fees will be set forth in a written Client Advisory Agreement executed by the client prior to the
commencement of services. Engagements initiated during a partial billing period will be charged a prorated fee
based on the amount of time remaining in the billing period.

BWM has a recommended minimum account size of $2,000,000 and a minimum fee of $25,000 for Investment
Management and Ongoing Financial Planning services. These minimums may be waived or adjusted at BWM’s
discretion. Additionally, BWM may, at its sole discretion, exclude certain assets of the client for purposes of
determining its annual fee.

Fees will be paid by electronic funds transfer, or the client may choose to pay by check. Clients can choose to
have a portion of or all of their fees deducted from investment account(s) held at a qualified custodian, if
applicable. Please see item 15 of this Part 2A for additional information regarding the direct deduction of fees.

Clients may terminate this service with 30 days’ prior written notice. Clients shall be entitled to a pro rata refund
of any prepaid advisory fees, based upon the number of days remaining in the billing period. Refunds will be
issued via check, electronic funds transfer, or a deposit back into the Client’s managed account within 15 days
from the date of termination.

Use of Third Party Managers

In the event BWM utilizes a third-party investment manager to assist in the management of Client account(s),
the Investment Manager’s fees are separate and not included in our advisory fee disclosed above. The
Investment Manager’s advisory fees, billing schedule, and payment procedures are set forth in their separate
written disclosure documents, advisory agreements, and/or the account opening documents of your account
Custodian.

Project Based Financial Planning

Project Based Financial Planning will generally be offered on a fixed fee or hourly basis. The fixed fee will be
agreed upon before the start of any work. The fixed fee can range between $500 and $5,000. The fee is
negotiable. If a fixed fee program is chosen, half of the fee is due at the beginning of the process and the
remainder is due at completion of work, however, BWM will not bill an amount above $1,200 more than 6
months in advance. Hourly Financial Planning engagements are offered at an hourly rate of $450. The fee may
be negotiable in certain cases and is due at the completion of the engagement.

Fees for this service may be paid by electronic funds transfer or check. In the event of early termination any
prepaid but unearned fees will be refunded to the client and any completed deliverables of the project will be
provided to the client and no further fees will be charged.

Other Types of Fees and Expenses

Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which
may be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, and other third
parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer, and
...

Item 7: Types of Clients
We provide financial planning and investment management services to individuals, high net-worth individuals,
and corporations or other businesses. We have a particular focus on employees of large energy companies.
BWM has a recommended minimum account size of $2,000,000 and a minimum fee of $25,000 for Investment
Management and Ongoing Financial Planning services. These minimums may be waived or adjusted at BWM’s
discretion.