Davis Wealth Advisors LLC

Item 5 Fees and Compensation
We have legacy clients who pay fees for services that differ from those outlined below and are no
longer on offer.

Wealth Management Services
Our fee for wealth management services is calculated in two parts. It includes a fixed financial planning
fee, and an investment management fee based on a percentage of the assets in your account and is
set forth below and in the following annual fee schedule:

Financial Planning Fee:
Fixed financial planning advisory fees are in addition to the annual investment management fee for
wealth management clients. Fixed planning fees are billed and paid quarterly in advance through the
qualified custodian via a direct deduction or directly billed if the client requests. The fixed planning fee
is negotiable and increases 3% annually for inflation subject to your right to terminate. The fixed
planning fee also adjusts annually based on the complexity of planning needs, which vary with each
client. The fee for financial planning ranges from $6,000 - $20,000 based on a client’s service needs
and planning complexity.

Investment Management Fee:

  Assets Under Management               Investment Management Fee
          ("AUM")

First $2,000,000                                     0.80%
Next $3,000,000 ($2M-$5M)                            0.70%
Next $5,000,000 ($5M-$10M)                           0.55%
More than $10,000,000 ($10M+)                        0.45%

             The investment management fee automatically adjusts as AUM rises and falls.

Our annual investment management fee is billed and payable, quarterly in advance, based on the
previous quarter-end balance. The investment management fee adjusts quarterly based on assets
under management as of the end of the preceding calendar quarter. The corresponding investment
management fee for a client with $2,500,000 would be an annual 0.80% on the first $2,000,000 and
0.70% fee on the next $500,000 based on the assets in your account.

If the investment advisory agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

We charge a minimum annual fee in the amount of $15,000, or $3,750 per quarter, for wealth

management services for clients whose combined assets under our management and financial
planning fee would fall below this fee amount. At our discretion, we may waive or reduce the minimum
fee. We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum or to determine the applicable
advisory fee. For example, we may combine account values for you and your minor children, joint
accounts with your spouse, and other types of related accounts. Combining account values may
increase the asset total, which may result in your paying a reduced advisory fee based on the
breakpoints available in our fee schedule stated above.

We may provide account services for members of current client households or their families. When we
expect to provide short-term or one-off planning or account services, we may complete them without
additional fees. In situations where we expect our services to be long-term and ongoing, we may
include this complexity in setting the client fee. We will deduct our fee directly from your account
through the qualified custodian holding your funds and securities or you can choose to be billed directly
using a compliance approved payment processing provider.

You may terminate the wealth management agreement upon written notice. You will incur a pro rata
charge for services rendered prior to the termination of the portfolio management agreement, which
means you will incur advisory fees only in proportion to the number of days in the quarter for which you
are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated
refund of those fees.

Fees of TPMMs/Sub-Advisers
Advisory fees charged by TPMMs are separate and in addition to our advisory fee. Advisory fees that
you pay to the TPMM are established and payable in accordance with the agreement that you sign
with the TPMM, where applicable, and/or as disclosed in the brochure you receive for each TPMM to
whom you are referred and can range from 0.13% to 0.65% depending upon the TPMM and the
amount of assets under the TPMM’s management. The TPMM’s disclosure documents will indicate
whether these fees are negotiable. You should review the recommended TPMM's brochure and take
into consideration the TPMM's fees along with our fees to determine the total amount of fees
associated with the management of your account. Please refer to the Types of Clients section for
information related to minimum account size for the TPMM's that we recommend.

Stand Alone Financial Planning or Consulting Services
We offer à la carte financial planning and consulting services on both a fixed fee basis and an hourly
fee basis. Our fixed fee is negotiable between the range of $6,000 - $15,000 based on the complexity
and scope of the planning services rendered. Our hourly fee is $300.

For financial planning consulting, the first half of the fixed fee is due in advance of services rendered
with the remaining balance payable upon completion of the contracted services. We will provide you
with a fixed cost at the start of the advisory relationship. For hourly consulting, we will provide you with
an estimate at the beginning of the engagement. Hourly consulting fees are due upon completion of
services rendered. In limited circumstances, the cost/time could potentially exceed the initial estimate.
In such cases, we will notify you and request that you approve the additional fee. All terms of
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Item 7 Types of Clients
We offer wealth management services to individuals, including high net worth individuals, pension and
profit-sharing plans (but not the plan participants).

In general, we do not require a minimum dollar amount to open and maintain an advisory Account;
however, we have the right to terminate your account if it falls below a minimum size which, in our sole
opinion, is too small to manage effectively.

We charge a minimum annual fee in the amount of $15,000, or $3,750 per quarter, for wealth
management services. At our discretion, we may waive or reduce the minimum fee. We may also
combine account values for you and your minor children, joint accounts with your spouse, and other
types of related accounts to meet the stated minimum. Our minimum annual fee is based on
comprehensive wealth management services as described under the Advisory Business section.