Cypress Wealth Services LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Cypress and the Client.

A. Fees for Advisory Services
Investment Advisory Services
Investment advisory fees are paid quarterly, at the end of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are typically based on the average daily ending market
value of assets under management during the calendar quarter and will not exceed 1.50%. The investment advisory
fee charged will depend on the size of the Client relationship, the scope/complexity of services to be provided, and
other factors. Certain illiquid securities that do not have daily valuations will be billed based upon the most recently
available valuation.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. Certain Clients may have a fixed
annual fee or fixed rate fee or a fee schedule that differs from above. The Client’s fees will take into consideration the
aggregate assets under management with Advisor. Investment advisory fees include financial planning and
consulting services, unless separately engaged for those services. All securities held in accounts managed by
Cypress will be independently valued by the Custodian. Cypress will not have the authority or responsibility to value
portfolio securities.

The Client may make additions or withdrawals from the account[s] at any time, subject to the Advisor’s right to
terminate an account or the overall relationship. Additions may be in cash or securities provided that the Advisor
reserves the right to liquidate any transferred securities or decline to accept particular securities into a Client’s
account[s]. Clients may withdraw account assets on notice to Cypress, subject to the usual and customary securities
settlement procedures. However, the Advisor typically designs its investment portfolios as long-term investments and
the withdrawal of assets may impair the achievement of a Client’s investment objectives. Cypress may consult the
Client about the implications of such transactions. Clients are advised that when such securities are liquidated, they
may be subject to securities transaction fees, short-term redemption fees, and/or tax ramifications. Cypress bills on
cash unless indicated otherwise in writing.

Use of Independent Managers
For Client account[s] implemented through an Independent Manager, the Client’s overall fees will include Cypress’s
investment advisory fee (as noted above) plus advisory fees and/or platform fees charged by the Independent
Manager[s], as applicable. The selected Independent Manager[s]’ advisory fees and/or platform fees shall not exceed
1.00%. The Independent Manager may assume responsibility for calculating the Client’s fees and deduct their fees
from the Client’s account[s].

Financial Planning and Consulting Services
Financial planning and consulting services may be included as part of an overall wealth management engagement
or provided as a stand-alone engagement. For spearate engagements, financial planning and consulting services
are offered at an hourly rate or for a fixed engagement. Fees are based on the experience of the person performing
the services, the complexity of the services to be provided and the duration of the engagement. Hourly engagements
are billed at a rate of up to $350 per hour or a fixed engagement fee. Fixed fee engagements are based on the
estimated number of hours to complete the service at the Advisor’s hourly rate. An estimate for total hours and/or
costs will be determined prior to engaging for these services. The Advisor’s fee is exclusive of, and in addition to,
brokerage fees, transaction fees, and other related costs and expenses, which may be incurred by the Client.
However, the Advisor shall not receive any portion of these commissions, fees, and costs.

Retirement Plan Consulting Services
Retirement plan consulting services are provided as a stand-alone engagement. The Advisor’s fee is exclusive of,
and in addition to, brokerage fees, transaction fees, and other related costs and expenses, which may be incurred by
the Client. However, the Advisor shall not receive any portion of these commissions, fees, and costs.

B. Fee Billing
Investment Advisory Services
Investment advisory fees will be calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the respective quarter-end date. The amount due is calculated by applying the quarterly
rate (annual rate divided by 4) to the average daily ending market value of assets under management during the
previous calendar quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the investment advisory fee. It is the responsibility of the Client to verify the accuracy of these fees as
listed on the Custodian’s brokerage statement as the Custodian does not assume this responsibility. Clients provide
written authorization permitting Cypress to be paid directly from their accounts held by the Custodian as part of the
investment advisory agreement and separate account forms provided by the Custodian.

Use of Independent Managers
Client account[s] implemented through Independent Manager[s] will be billed in accordance to the separate
agreement[s] with Cypress or the Independent Manager[s]. These parties’ fees are separate from and in addition
to the fee Cypress charges and discloses in our firm management agreement.

Financial Planning and Consulting Services
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Item 7 – Types of Clients
Cypress offers investment advisory services to high net worth individuals, families, trusts, estates, and businesses.
The relative percentage of each type of Client is available in Cypress’s Form ADV Part 1. These percentages will
change over time. Cypress does not impose a size for establishing a relationship, but does tailor its services to
high net worth Clients.