Canvas Wealth Advisors LLC

Item 5 – Fees and Compensation

Investment Management Services

Fees for wealth management services are generally based on account size and level of
service provided at an annual fee of up to 1% subject to a minimum $5,000 annual fee.

In instances where (i) CWA delegates investment management authority to outside
investment managers any additional management fees paid by the client must be approved
by the client in advance. Details about outside managers, their services, fee, etc., are
addressed in the applicable manager’s Form ADV Part 2 Disclosure Brochure which is
available upon request.

Fees will generally be deducted in advance via an automatic withdrawal on a quarterly
basis, i.e. one-fourth of the annual fee will be deducted each quarter. Fees will be
calculated for and deducted from each account at the beginning of each quarter for that
quarter based on the balance of each respective account as reported by the custodian as of
the end of the previous quarter. Value of assets not reported by the custodian will be
estimated on a case by case basis. Value of interests in private funds will generally be
reported at cost or pursuant to an independent third party valuation.

Although fees are generally deducted from accounts, clients may with the firm’s approval
elect to instead pay fees by check, ACH transfer, or wire transfer.

Fees paid to outside managers are generally deducted directly from client accounts by CWA
or the outside manager. Timing of fee deductions related to outside managers vary but are
addressed in the applicable account opening documentation in advance.

Financial Planning and Consulting Services

Although CWA may provide financial planning and consulting services to clients as part of
an investment management engagement, the firm may also provide such services on a
stand alone basis. In these instances, clients may be charged a fixed fee ranging from
$1500 - $100,000 or may be charged on an hourly basis generally at $100 - $300 per hour,
depending on the type and complexity of services to be provided. Fees are generally billed

in arrears but may in some instances be partially billed in advance with the balance billed
in arrears upon completion. Fees can be paid by check, ACH transfer, or wire transfer. As
mentioned above, CWA may provide financial planning and services on a complimentary
basis as part of an investment management engagement. The fees and scope of service for
which a fee will be charged will be documented and agreed upon before commencement of
services.

Retirement Plan Services

Fees charged for retirement plan services may be charged in advance or in arrears
depending on the service provided. Fees may be fixed or asset based (not to exceed 1.0%
annually) and are negotiable depending on the complexity of the service. Fee levels
(whether fixed or asset based) are primarily based on actual services to be provided.

Fees are generally due quarterly, and depending on the engagement, may be deducted
directly at the plan level, may be deducted from individual plan participant accounts, may
be billed to the plan sponsor, or may be billed to a plan administrator at the request of the
plan sponsor.

Services may be terminated at any time by either party with 30 days written notice to the
other party, and fees will be prorated accordingly. Any payments made in advance will be
prorated and any unearned fees will be refunded to the client subject to the notice
provision above.

All retirement plan fees paid to CWA are separate and unrelated to any fees or expenses
assessed by any broker, custodian, or other outside party.

General Information

Services may be terminated upon 30 days written notice, and unearned fees paid in
advance for partial periods will be prorated and refunded to client subject to the
termination notice provisions of the client agreement. Fees for new accounts will be billed
in advance based on the account beginning balance and will be prorated based on the
number of days assets will be under management. Fees for withdrawals out of an account
will be prorated and refunded based on the number of days assets were under
management. Fees for deposits into an account will be prorated and charged at the firm’s
discretion based on the number of days assets will be under management.

All fees paid to CWA are separate and unrelated to any trading costs, or fees or expenses
assessed by mutual funds, exchange traded funds, brokers or custodians. Details about
outside managers, their services, fee, etc., are addressed in the applicable manager’s Form
ADV Part 2 Disclosure Brochure which is available upon request.

Item 7 – Types of Clients

CWA provides portfolio management services to individuals, trusts, estates, charitable
organizations. business entities and private real estate funds. The minimum account size
for portfolio management services is generally $500,000, although accounts not meeting
the minimum may be accepted on a case-by-case basis. CWA also generally requires a
minimum $5,000 annual fee which may be waived at the firm’s discretion.