CAVU Wealth Advisors LLC

Item 5 – Fees and Compensation

CAVU is a “fee-only” advisor. To be clear, CAVU does not accept any compensation for the sale of
securities or other investment products. This includes asset-based sales charges or service fees from the
sale of mutual funds. We charge an annual fee based on a percentage of assets under management.
The fee is assessed on a quarterly basis (1/4 of the annual percentage fee) and is paid by the client at
the beginning of the quarter based on the average account balance for the previous 90 days. Our
minimum annual fee is $10,000 per year. We may waive that minimum fee, or negotiate our fees, under
special circumstances. In most instances, CAVU fees are withdrawn directly from client accounts.
Occasionally, CAVU will accept fees in the form of check or credit card payment.

Financial Planning clients. A few CAVU clients have chosen not to utilize our investment expertise; they
have their financial assets managed elsewhere. These clients hired CAVU just for our financial planning
expertise. For these clients, we develop a written scope of services and negotiate an annual fee for the
services we provide. We bill our Financial Planning clients quarterly, with ¼ of the annual fee due at the
time of our billing. Clients can cancel their financial planning relationship with us at any time. Our fee
will be prorated, and any unearned fees will be refunded to the client.

Other Fees. Clients may incur and pay fees that are charged by our custodians, mutual funds, and ETF
fund providers. CAVU does not benefit or share in any fees that 3rd parties may charge our clients.

Separately Managed Account (SMA) fees. For some clients we recommend the use of an SMA as part of
their investment strategy. We use SMA accounts, which are managed by a third party, to provide “direct
indexing” and the related potential tax benefits for these clients. The SMA provider charges a service
fee, similar to mutual fund and ETF management fees. This fee is disclosed in writing to the client and
is paid by the client via a quarterly withdrawal by the SMA provider from the client account. CAVU does
not receive any fee revenue that is paid to SMA providers. Said differently, SMA clients will pay two
types of fees: a fee to the SMA provider and a fee paid to CAVU. This is identical to our clients who own
ETFs and mutual funds; they pay a fee to the ETF/mutual fund manager, and they pay a fee to CAVU.

“Soft Dollar” and other non-financial benefits received by CAVU. CAVU does not participate in any
“soft-dollar” agreements. CAVU does receive access to research, technology, and custodial services
from Schwab. Access to these features and services is given to all advisory firms that utilize the custodial
services of Schwab. However, since CAVU does not pay for these services, we may face a potential
conflict of interest as we are incentivized to recommend Schwab as our custodian.

For individual clients, CAVU generally provides non-investment financial planning advice on topics which
include risk management, tax planning, cash flow management, retirement planning, education funding,
wealth transfer, and other topics. This “comprehensive” advice is included in the annual fee we charge.

Specialized Services Provided at an Hourly Rate. Occasionally CAVU may also contract with non-clients
to provide specialized financial planning, consulting or advisory services at a rate of $450 per hour. All
hourly fees are billed in arrears for work provided. This service is not for our current clients (who are
billed as described above), but only for individuals who are seeking specific advice without having CAVU
manage their financial assets under our annual fee agreement.

Termination of Investment Advisory Agreements. All investment advisory agreements for CAVU
services may be terminated at any time without penalty by written notice by the client to CAVU. Any
fees paid by the client, but not yet earned by CAVU (i.e., calculated by a pro rata method), will be
refunded in full, typically by crediting the client in the form of payment that was used in the previous
fee payment.

Assets Under Management Fee Schedule:

Individual clients. These clients receive investment management and financial planning services.

Institutional clients. These clients receive only investment management services.

                                     Annual Fee Schedule – Individual Accounts1

                    Fee                                                                   Account Size

                    1.00%               on portion up to -                                $ 2,000,000

                    0.75%               on portion over -                                 $ 2,000,000

                    0.40%               on portion over -                                 $ 5,000,000

                   0.25%                on portion over -                                 $10,000,000

                            Hourly Fee for Financial Planning Services2: $450 per hour
1 We  aggregate related household accounts for purposes of applying fee breakpoints.
2 Financialplanning services are normally included in the annual fee schedule above. However, in certain circumstances the
client and advisor will determine that a specific planning project is outside of the normal scope of the annual fee. In these
instances, CAVU will provide a letter identifying the scope of the project and the hourly fees that will be charged.

                                       Institutional Fee Schedule

                Fee                                                      Account Size

                0.75%           on portion up to -                       $2,000,000

                0.50%           on portion over -                        $2,000,000

                0.35%           on portion over -                        $5,000,000

                0.25%           on portion over -                       $10,000,000
...

Item 7 – Types of Clients

CAVU provides portfolio management services to individuals and institutions. Our primary market is for
individual clients with financial assets ranging between $1 million and $25 million. We have found this
market needs and appreciates the holistic approach to wealth management that CAVU practices.

As a result of our low fees and use of low-cost passive investment funds, we believe that we are also an
attractive investment management option for small and medium sized institutional accounts. These
clients would typically be small trusts, foundations, endowments, charitable organizations, small
businesses and defined contribution (i.e. 401k) or defined benefit retirement plans.