Clientfirst Wealth Management LLC

Item 5: Fees and Compensation

Compensation
ClientFirst bases its fees on a percentage of assets under management and fixed fees.
ClientFirst’s fee schedules are described below.

Financial Planning Fees
The Firm offers financial planning services under an annual membership arrangement. The fee
for financial planning services typically starts at $4,800 per year, billed in monthly installments,
and charged monthly in arrears, except as noted below. Financial planning services generally
include ongoing financial planning advice, preparation of planning recommendations, and
quarterly meetings.

For the initial year of the financial planning relationship only, one-half of the annual financial
planning fee is charged in advance. After the initial year, financial planning fees are billed
monthly in arrears.

In no instance will more than $1,200 be collected more than six months in advance.

Clients who engage the Firm for financial planning services are not required to transfer assets
to the Firm and are not obligated to engage the Firm for investment management services.
Financial planning fees are charged separately from, and in addition to, any asset-based
advisory fees.

Asset Management Fees
The Firm provides discretionary investment management services for an annual fee equal to
0.48% of assets under management. Asset-based advisory fees are billed monthly in arrears
based on the account value at the end of each billing period.

Clients who participate in the Firm’s financial planning membership and elect to engage the
Firm for asset management services are charged the same asset-based fee of 0.48%, in addition
to the applicable financial planning fee. Financial planning fees are not credited against
asset-based advisory fees.

Calculation and Payment
The specific manner in which fees are charged by ClientFirst is established in a client’s
investment advisory agreement with ClientFirst. ClientFirst will generally calculate fees in
arrears on a quarterly basis. Clients may elect to be invoiced directly for fees or authorize
ClientFirst to directly debit fees from client accounts.

Accounts initiated or terminated during a calendar quarter may be charged a prorated fee.

Agreement Terms

Either party may terminate an agreement at any time by notifying the other in writing. If the
client made an advance payment, we would refund any unearned portion of the advance
payment.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge
the client an asset-based fee as set forth in the advisory agreement the client executed with our
firm. This creates a conflict of interest because it creates a financial incentive for our firm to
recommend the rollover to the client (i.e., receipt of additional fee-based compensation).
Clients are under no obligation, contractually or otherwise, to complete the rollover. Moreover,
if clients do complete the rollover, clients are under no obligation to have the assets in an IRA
advised on by our firm. Due to the foregoing conflict of interest, when we make rollover
recommendations, we operate under a special rule that requires us to act in our clients’ best
interests and not put our interests ahead of our clients’.

Under this special rule’s provisions, we must:

   •   meet a professional standard of care when making investment recommendations (give
       prudent advice);
   •   never put our financial interests ahead of our clients’ when making recommendations
       (give loyal advice);
   •   avoid misleading statements about conflicts of interest, fees, and investments;
   •   follow policies and procedures designed to ensure that we give advice that is in our
       clients’ best interests;
   •   charge no more than a reasonable fee for our services; and
   •   give clients basic information about conflicts of interest.

Many employers permit former employees to keep their retirement assets in their company
plan. Also, current employees can sometimes move assets out of their company plan before
they retire or change jobs. In determining whether to complete the rollover to an IRA, and to
the extent the following options are available, clients should consider the costs and benefits of
a rollover. Note that an employee will typically have four options in this situation:

   1.   leaving the funds in the employer’s (former employer’s) plan;
   2.   moving the funds to a new employer’s retirement plan;
   3.   cashing out and taking a taxable distribution from the plan; or
   4.   rolling the funds into an IRA rollover account.
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Types of Clients
As described in Item 4, ClientFirst’s clients include individuals and high-net-worth individuals.

Account Minimums
Clients who engage ClientFirst solely for asset management services are generally subject to a
$1,000,000 household account minimum unless you engage us for our flat-fee subscription-
based financial planning services.