Clear Wave Wealth Management LLC

ITEM 5 – FEES AND COMPENSATION

Clear Wave Wealth Management, LLC charges fees for its advisory services as follows:

General:

Financial Planning and Consulting Fees: Fees for financial planning and consulting are
negotiated separately with each client and may be charged as a flat annual fee or hourly
rate. For performance reporting on assets not managed by us, the general minimum
annual fee is $1,000. Retainer arrangements are billed in advance, with outstanding fees
collected upon completion. Comprehensive counseling fees for employer-sponsored
programs are typically paid by the employer.

Asset Management Fees: For managed accounts, we charge an annual fee ranging from
0.25% to 1.50% of assets under management (generally net of any margin debit balance),
billed quarterly in arrears based on the fair market value of the account as of the last
business day of the billing period. Fees vary based on account size, complexity, and
services provided. Because our fees increase with your account balance, we have an
incentive to encourage you to add assets to your account. Clients may also incur
transaction charges from their custodian or broker-dealer and internal expenses for
mutual funds or ETFs held in their accounts. Depending on the strategy selected, clients

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may pay “Execution Charges” (charged by the applicable broker and/or custodian) in
addition to the advisory fees. The advisory fee paid by each client is set forth on the fee
schedule signed by the client for the applicable strategy. Unless otherwise indicated in a
client agreement, Clear Wave does not charge a separate Clear Wave investment advisory
fee on portions of portfolios comprised of mutual funds and/or ETFs not managed by
Clear Wave. Our minimum account size for managed accounts is generally $1,000,000,
though household accounts may be aggregated to meet this threshold.

Additional Costs: All fees and expenses reduce your investment returns, regardless of
portfolio performance. You should review all fees and costs carefully. For discretionary
accounts, additional fees, generally up to 1.50%, may apply for specific services, as
agreed in writing.

Termination: Clients may terminate advisory agreements at any time with written
notice, as outlined in the agreement. Any prepaid fees will be refunded on a pro-rata
basis.

Conflicts of Interest: Our fee structure may create incentives to recommend certain
products or increase assets under management. We mitigate these conflicts through
regular compliance reviews to ensure recommendations align with your best interests.
Some of our advisory personnel may receive additional compensation from product
sponsors or insurance commissions, as disclosed in Item 10 and our Form ADV Part 2B
supplements.

Unless otherwise indicated below, fees that are specified herein are negotiable or may be
waived in Clear Wave ’s discretion. Fees may be negotiable based on account objectives,
level of service, other assets under management or other relationships that the client has
with Clear Wave and other relevant facts and circumstances. Lower fees for comparable
services described below may be available from other sources.

Clear Wave investment advisory fees are generally debited from the Fidelity client
accounts. (Fees for comprehensive financial planning services will generally be billed
directly to clients but clients can elect to have planning fees debited from non-IRA
accounts if requested in writing.) Clients may request either form of billing and it must be
done in writing 30 days prior to the close of the calendar quarter. The default is to have
fees deducted directly from client accounts. If a client account does not have adequate
assets to pay fees, then the client will be billed directly for those fees. The billing is to
occur on a calendar year quarterly basis, billed in arrears for that quarter, using the
ending account balance method adjusted for inflows and outflows on a pro-rata basis per
the negotiated fees per each account type and relationship. Fees will be debited or billed
to an account no later than 30 days after the close of the quarter. Other fees from the

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underlying investments may be billed differently and clients will need to review the
underlying managers’ fee schedules and procedures separately.

Fees for Advisory Services - Financial Counseling

Comprehensive Financial Counseling Employer Sponsored Programs. Clear Wave
charges a counseling fee for each individual in a “Comprehensive Financial Counseling”
program. Fees will vary based on a number of factors, including the complexity of the
services provided, whether tax preparation is included, the size of the corporate program,
and location and travel needs as well as Clear Wave’s overall relationship with the client.
Each program is separately designed and contracted for.

The annual flat fee model is currently offered to a number of clients and provides for an
annual fee. For corporate clients using this fee model, Clear Wave currently offers its
service for an annual fee per individual of between $1,000 and $100,000. The annual fee
may be adjusted for cost-of-living expenses. Both the fee and fee adjustment are
negotiable and may vary significantly based on client needs.

Clear Wave charges a fee for each individual receiving financial counseling services
through a program other than an employer sponsored program. Clear Wave currently
offers its financial counseling services to individuals for an annual fee of between $1,000
and $100,000. The annual fee may be adjusted for cost-of-living expenses after the first
year of service. Both the fee and fee adjustment are negotiable and may vary
significantly based on the factors cited above. In addition, Clear Wave reserves the right
to make exceptions, on a client-by-client basis, to the current fee ranges.

Seminars
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ITEM 7 – TYPES OF CLIENTS

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Clear Wave Wealth Management, LLC provides advisory services primarily to individual
investors (including high-net-worth individuals) and participants in employer-sponsored
financial counseling programs. We do not provide investment advice to corporations or
other legal entities regarding their benefits or compensation plans. Our minimum account
size for managed accounts is generally $1,000,000, though household accounts may be
aggregated to meet this threshold. For financial planning services, there is no minimum,
but fees apply as described in Item 5.