Carlton Hofferkamp and Jenks Wealth Management LLC

Item 5 | Fees and Compensation
INVESTMENT MANAGEMENT FEES
This fee shall vary (between 1.00% and 2.00%) depending upon the:

    •   Market value of the assets under management
    •   Investment style of the account (e.g., active, conservative, etc.)
    •   Complexity of the project
    •   Type of management services to be rendered

Fees may be negotiable based on:

    •   Future additional assets
    •   Dollar amount of assets to be managed
    •   Related accounts
    •   Type of assets
    •   Pre-existing client

The Schwab management fee will be calculated as a percentage fee based upon the market value
of the assets on the last day of the previous quarter. This fee is prorated and paid quarterly in
advance.
The fee for the initial quarter will be calculated on a pro rata basis on the date the assets have
been designated for our management.

With the client’s approval, fees are deducted from their account by the “custodians.” The client
may also choose to be billed. All fees are reflected on client statements which are prepared by
and sent to the client from the “custodians.”

If the account is terminated, our annual fee will be prorated through the date of termination and
any remaining balance will be charged or refunded to the client in a timely manner.

Clients may make deposits to and withdrawals from their account at any time by notifying us and
will be subject to securities settlement procedures. If deposits or withdrawals occur after the
inception of a quarter, the fee payable on these assets will not be adjusted or prorated. Clients
should bear in mind that our portfolios are designed as long-term investments and the withdrawal
of assets may impair the achievement of their investment objectives.

We may also provide our clients with certain financial planning services (which may include
non-investment related matters). Any financial planning services shall be included as part of the
overall investment management fee.

                                                                       CHJ Wealth Management, LLC
                                                                        Form ADV Part 2A/Brochure
Page |5

OTHER FEES OR EXPENSES
In addition to our management fee, clients may incur certain charges imposed by the “custodian”
and other third parties which may include (but are not limited to):

        •     Custodial fees (for retirement accounts)
        •     Transaction fees
        •     Wire transfer fees
        •     Charges imposed directly by a mutual fund or exchange traded fund in the account
              (which will be disclosed in the fund’s prospectus)
        ▪     12B-1 Fees
        ▪     Odd-lot differentials
At the client’s request and agreement, certain CHJ employees that are registered representatives
with Purshe Kaplan Sterling, Inc. (“PKS”) may offer brokerage services and insurance products
under commission arrangements with:

        •     Insurance companies
        •     Mutual fund companies
        •     Real Estate Investment Trusts (REITS)

CHJ does not receive any portion of the commissions.

Item 7 | Types of Clients
CHJ provides financial planning and investment management services to:

         •     Individuals
         •     Pension and profit-sharing plans
         •     Trusts and estates
         •     Charitable organizations
         •     Corporations
         •     Business entities

CHJ’s minimum account size is $500,000. We reserve the right to accept smaller amounts under
certain circumstances.

    Fees based on a share of capital gains on or capital appreciation of client assets.
                                                                                          CHJ Wealth Management, LLC
                                                                                           Form ADV Part 2A/Brochure
Page |6