Davis Davis and Conover Wealth Management LLC

FEES AND COMPENSATION (Item 5)
Financial Planning Fees
We offer financial planning services based on a fixed fee. The fee charged to the client will always
be clearly indicated on the Financial Services Agreement that is signed by the client. Fees for
financial plans are billed 50% upon engagement and the remainder is due upon delivery of the
financial plan. We will never charge financial planning fees over $500 more than six months in
advance of Our financial planning services. The following is Our typical fee schedule for financial
planning:

                                Type of Fee                Fee
                                 Fixed Fee           $1,500 to $5,000

The fee charged will be based upon the complexity of the plan. An estimate of the time involved
with be provided before signing the financial planning agreement. All financial planning fees are
negotiable at Our discretion. Financial planning fees are negotiable at the sole discretion of Davis,
Davis and Conover.
Our financial planning services may be terminated at any time upon written notice. Upon
termination, We should receive payment for all fees and expenses We have earned at the time
of termination based on a rate of $250 an hour. Any unearned fees will be refunded.
Consulting Services Fees
Consulting services are provided at an hourly rate of $250 and are negotiable. Fees will always
be clearly indicated on the Financial Services Agreement that is signed by the client. Fees for
consulting services are billed monthly at the end of the month in which services are rendered.
Our consulting services may be terminated at any time upon written notice. Upon termination,
We should receive payment for all fees and expenses We have earned at the time of termination
based on a rate of $250 an hour. Any unearned fees will be refunded.
Asset Management Fees
The asset management fees charged by Davis, Davis and Conover are described in detail in Our
Wrap Fee Brochure (Form ADV Part 2, Appendix 1).

PERFORMANCE BASED FEES AND SIDE-BY-SIDE MANAGEMENT (Item 6)
Davis, Davis and Conover does not charge performance-based fees and We do not conduct side-
by-side investment management services.

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                                            Davis, Davis and Conover Wealth Management, LLC

TYPES OF CLIENTS (Item 7)
Davis, Davis and Conover manages investments for many different types of clients. We generally
provide advice to individuals, high net worth individuals, their trusts, estates and retirement
accounts.
We require a minimum investment of $250,000 for Our wealth management services. The
minimum account size may be waived at the sole discretion of Davis, Davis and Conover. We do
not have a minimum account size for financial planning or consulting services.

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                                               Davis, Davis and Conover Wealth Management, LLC

METHODS OF ANALYSIS, INVESTMENT STRATEGIES, AND RISK OF LOSS (Item 8)
Davis, Davis and Conover manages client assets on a discretionary basis. The investment strategy
for a specific client is based upon the objectives stated by the client during consultations with Us.
The client may change these objectives at any time. Each client completes a risk tolerance
questionnaire and suitability profile that documents their investment objectives, risk tolerance
and desired investment strategy.
We use fundamental analysis to select investments for client portfolios. This strategy attempts
to value companies and the securities they offer based on their underlying assets. We consider
financial statements, economics, interest rates, earnings, competitors, assets, liabilities, and
many other factors to determine the value of the company and the securities it sells. Based on
this analysis, We may implement both long and short term purchases in client accounts.
There are always risks to investing. Clients should be aware that all investments carry various
types of risk including the potential loss of principal that clients should be prepared to bear. It is
impossible to name all possible types of risks. Among the risks are the following:

      Political Risks. Most investments have a global component, even domestic stocks. Political
       events anywhere in the world may have unforeseen consequences to markets around the
       world.

      General Market Risks. Markets can, as a whole, go up or down on various news releases
       or for no understandable reason at all. This sometimes means that the price of specific
       securities could go up or down without real reason, and may take some time to recover
       any lost value. Adding additional securities does not help to minimize this risk since all
       securities may be affected by market fluctuations.

      Currency Risk. Overseas investments are subject to fluctuations in the value of the dollar
       against the currency of the investment’s originating country. This is also referred to as
       exchange rate risk.

      Regulatory Risk. Changes in laws and regulations from any government can change the
       value of a given company and its accompanying securities. Certain industries are more
       susceptible to government regulation. Changes in zoning, tax structure or laws impact the
       return on these investments.

      Tax Risks Related to Short Term Trading. Clients should note that Davis, Davis and Conover
       may engage in short-term trading transactions. These transactions may result in short
       term gains or losses for federal and state tax purposes, which may be taxed at a higher
       rate than long term strategies. We endeavor to invest client assets in a tax efficient
       manner, but all clients are advised to consult with their tax professionals regarding the

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                                           Davis, Davis and Conover Wealth Management, LLC

    transactions in client accounts. Frequent trading can affect investment performance,
    particularly through increased brokerage and other transaction costs and taxes.

   Risks Related to Investment Term. If you require Us to liquidate your portfolio during a
    period in which the price of the security is low, you will not realize as much value as you
    would have had the investment had the opportunity to regain its value, as investments
    frequently do, or had We been able to reinvest in another security.

   Purchasing Power Risk. Purchasing power risk is the risk that your investment’s value will
    decline as the price of goods rises (inflation). The investment’s value itself does not
    decline, but its relative value does, which is the same thing. Inflation can happen for a
    variety of complex reasons, including a growing economy and a rising money supply.

    Business Risk. These risks are associated with a particular industry or a particular
    company within an industry. For example, oil-drilling companies depend on finding oil and
    then refining it, a lengthy process, before they can generate a profit. They carry a higher
    risk of profitability than an electric company, which generates its income from a steady
    stream of customers who buy electricity no matter what the economic environment is
    like.

   Liquidity Risk. Liquidity is the ability to readily convert an investment into cash. For
    example, Treasury Bills are highly liquid, while real estate properties are not. Some
    securities are highly liquid while others are highly illiquid. Illiquid investments carry more
    risk because it can be difficult to sell them.

   Financial Risk. Excessive borrowing to finance a business’ operations decreases the risk of
    profitability, because the company must meet the terms of its obligations in good times
    and bad. During periods of financial stress, the inability to meet loan obligations may
    result in bankruptcy and/or a declining market value.

   Default Risk. This risk pertains to the ability of a company to service their debt. Ratings
    provided by several rating services help to identify those companies with more risk.
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