Credentialed Wealth Advisors LLC

Fees and Compensation

The following types of fees will be assessed:

Asset Management – Fees are charged monthly in arrears and are based primarily on asset size
and the level of complexity of the services provided. In individual cases, CWA has the sole
discretion to negotiate fees that are lower than the standard fee shown or to waive fees. Fees are
not based on the share of capital gains or capital appreciation of the funds or any portion of the
funds. Comparable services for lower fees may be available from other sources. Fees for the
initial month will be prorated based upon the number of calendar days in the calendar month that
the advisory agreement is in effect. Fees are based on the average daily market value of the
assets during the previous month. Consulting services are included in these fees for asset
management services with the exception of unique circumstances that may require a separate
agreement for financial planning services (description and fees are discussed below). If the
situation warrants separate financial planning fees, it will be discussed upfront, and a separate
agreement will be negotiated.

Fee Schedule for Certain Legacy Clients: .25% annually

ASSISTED FEE SCHEDULE
Total Account Value   Maximum Annual Advisory Fee
  First $500,000              1.40%
  Next $500,000                1.25%
 Next $1,500,000               1.00%
 Next $2,500,000               0.80%
 Next $5,000,000               0.60%
 Over $10,000,000              0.50%

CUSTOM FEE SCHEDULE
Total Account Value Maximum Annual Advisory Fee
  First $500,000            1.50%
  Next $500,000              1.35%
 Next $1,500,000             1.10%
 Next $2,500,000             0.80%
 Over $5,000,000             0.64%

As authorized in the client agreement, the account custodian withdraws Credentialed Wealth
Advisors, LLC’s advisory fees directly from the clients’ accounts according to the custodian’s
policies, practices, and procedures. The custodial statement includes the amount of any fees paid
to CWA for advisory services. You should carefully review the statement from your
custodian/broker-dealer’s statement and verify the calculation of fees. Your custodian/broker-
dealer does not verify the accuracy of fee calculations.

Fees are charged in arrears on a monthly basis, meaning that advisory fees for a month are
charged on the first day of the following month. Fees are calculated based on the average daily
market value of the assets under management during the previous month. Clients may terminate
investment advisory services obtained from CWA, without penalty, upon written notice within
five (5) business days after entering into the advisory agreement with CWA. The client is
responsible for any fees and charges incurred by the client from third parties as a result of
maintaining the account such as account maintenance or custodial fees. Thereafter, the client
may terminate advisory services upon written notice delivered to and received by CWA. Clients
who terminate investment advisory services during a month are charged a prorated advisory fee
based on the date of CWA’s receipt of client’s written notice to terminate. Any earned but
unpaid fees are immediately due and payable, and any prepaid and unearned fees will be
immediately refunded. In the event of the Client’s death, their client agreement continues until
such time as CWA receives written notice from the estate of the deceased that services are no
longer needed or until the estate is settled, whichever comes first. If Client is a natural person,
then Client’s incapacity, disability, or incompetence will not terminate or change the terms of
this Agreement. However, Client’s guardian, executor, attorney-in-fact, or other authorized
representative may terminate this Agreement by giving CWA written notice in accordance with
the termination provisions of the Client’s agreement with CWA.

Financial Planning – Financial planning services are charged in arrears through an hourly
arrangement as agreed upon between the client and Credentialed Wealth Advisors, LLC. There
will never be an instance where $1,200 or more in fees is charged six or more months in
advance. Fees are negotiable and vary depending upon the complexity of the client situation and
services to be provided. Hourly fees range from $350 - $700 per hour, depending on what is
negotiated between CWA and the client. Similar financial planning services may be available
elsewhere for a lower cost to the client. An estimate for total hours and charges is determined at
the start of the advisory relationship.

Typically, clients will be invoiced monthly for all time spent by CWA as agreed upon by client
or upon completion of the services if less than a month. Clients who wish to terminate the
planning process prior to completion may do so with written notice. The client may obtain a
refund of a pre-paid fee if the advisory contract is terminated before the end of the billing period
by contacting Roy Hucke at (970) 400-0117. Upon receipt of written notification, any earned fee
will immediately become due and payable, and any prepaid and unearned fees will be
immediately refunded. A client may terminate an advisory agreement without being assessed
any fees or expenses within five (5) days of its signing.

Retirement Plan Consulting – The firm has the option to serve as either a 3(21) or 3(38)
adviser to retirement plans. Fees will be charged monthly in arrears, based on the fund asset
totals as of the last business day of the month. The firm also offers retirement plan consulting

services that more directly engage plan participants. The fee for all retirement plan consulting
services will be agreed upon between CWA and the Plan Sponsor. The fee will be contingent on
the size, scope and complexity of the services to be provided.

Additional Fees and Expenses

In addition to advisory fees paid to CWA as explained above, clients may pay custodial service,
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Types of Clients

CWA offers investment advisory services to individuals, high net worth individuals, and
retirement plans. There is no minimum account size to open and maintain an advisory account
with the Certain Legacy Clients or Assisted Investing options. The Custom Investing option has
a minimum of $500,000 that may be waived at the firm’s discretion.

Form ADV, Part 2A, Item 8

       Methods of Analysis, Investment Strategies, and Risk of Loss

CWA’s methods of analysis and investment strategies incorporate the client’s needs and
investment objectives, time horizon, and risk tolerance. CWA is not bound to a specific
investment strategy for the management of investment portfolios, but rather consider the risk
tolerance levels pre-determined gathered at the account opening, as well as on an on-going basis.
Examples of methodologies that our investment strategies may incorporate include:

Asset Allocation – Asset Allocation is a broad term used to define the process of selecting a mix
of asset classes and the efficient allocation of capital to those assets by matching rates of return
to a specified and quantifiable tolerance for risk.

Dollar-Cost Averaging – Dollar-cost averaging is the technique of buying a fixed dollar amount
of securities at regularly scheduled intervals, regardless of the price per share. This will
gradually, over time, decrease the average share price of the security. Dollar-cost averaging
lessens the risk of investing a large amount in a single investment at the wrong time.

Technical Analysis – involves studying past price patterns and trends in the financial markets to
predict the direction of both the overall market and specific stocks.

Long-Term Purchases – securities purchased with the expectation that the value of those
securities will grow over a relatively long period of time, generally greater than one year.

Short-Term Purchases – securities purchased with the expectation that they will be sold within a
relatively short period of time, generally less than one year, to take advantage of the securities’
short term price fluctuations.

Our strategies and investments may have unique and significant tax implications. Regardless of
your account size or other factors, we strongly recommend that you continuously consult with a
tax professional prior to and throughout the investing of your assets.

Investing in securities involves risk of loss that clients should be prepared to bear. Although we
manage your portfolio with strategies and in a manner consistent with your risk tolerances, there
can be no guarantee that our efforts will be successful. You should be prepared to bear the risk
of loss.

All investments involve the risk of loss, including (among other things) loss of principal, a
reduction in earnings (including interest, dividends, and other distributions), and the loss of
future earnings. These risks include market risk, interest rate risk, issuer risk, and general
economic risk. Regardless of the methods of analysis or strategies suggested for your particular
investment goals, you should carefully consider these risks, as they all bear risks.

CWA’s primary goal for investing is to help the client maintain purchasing power over the long
term. This may result in short term variability and loss of principal. Time horizon and risk
tolerance are key determinates of the proper asset allocation. CWA’s approach focuses on taking
appropriate risks for which clients are compensated (i.e. market risk) and seeking to limit or
eliminate risks that do not provide compensation over the long term (i.e. individual stock risk or
lack of portfolio risk).

Below are some more specific risks of investing:

Market Risk. The prices of securities in which clients invest may decline in response to certain
events taking place around the world, including those directly involving the companies whose
securities are owned by the client or an underlying fund; conditions affecting the general
economy; overall market changes; local, regional or global political, social or economic
instability; and currency, interest rate and commodity price fluctuations. Investors should have a
long-term perspective and be able to tolerate potentially sharp declines in market value.

Management Risk. CWA’s investment approach may fail to produce the intended results. If our
perception of the performance of a specific asset class or underlying fund is not realized in the
expected time frame, the overall performance of client’s portfolio may suffer.

Equity Risk. Equity securities tend to be more volatile than other investment choices. The value
of an individual mutual fund or ETF can be more volatile than the market as a whole. This
volatility affects the value of the client’s overall portfolio. Small- and mid-cap companies are
subject to additional risks. Smaller companies may experience greater volatility, higher failure
rates, more limited markets, product lines, financial resources, and less management experience
than larger companies. Smaller companies may also have a lower trading volume, which may
disproportionately affect their market price, tending to make them fall more in response to
selling pressure than is the case with larger companies.

Fixed Income Risk. The issuer of a fixed income security may not be able to make interest and
principal payments when due. Generally, the lower the credit rating of a security, the greater the
risk that the issuer will default on its obligation. If a rating agency gives a debt security a lower
rating, the value of the debt security will decline because investors will demand a higher rate of
return. As nominal interest rates rise, the value of fixed income securities is likely to decrease. A
nominal interest rate is the sum of a real interest rate and an expected inflation rate.

Municipal Securities Risk. The value of municipal obligations can fluctuate over time, and may
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