Dovetail Wealth Management LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Comprehensive Portfolio Management:

The maximum annual fee to be charged to the client’s account(s) will not exceed 2.00%. The fees
assessed to each managed account are detailed in the LPL Account Application and advisory
agreement signed by each client. Fees are billed on a pro-rata basis quarterly in advance based on
the value of the account(s) on the last day of the previous quarter. Fees are negotiable and will be
deducted from the account(s). Please note that fees will be adjusted for deposits and withdrawals
made during the quarter. If accounts are opened during the quarter, the pro-rata advisory fees will
be deducted during the next regularly scheduled billing cycle. In rare cases, our firm will agree to
direct bill clients. As part of this process, Clients understand the following:

    a) LPL as the client’s custodian sends statements at least quarterly, showing all disbursements
       for each account, including the amount of the advisory fees paid to our firm;
    b) Clients provide authorization permitting LPL to deduct these fees;
    c) LPL calculates the advisory fees for all fee schedules and deducts them from the client’s
       account.

ADV Part 2A – Firm Brochure                     Page 7                         Dovetail Wealth Management, LLC

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $350. Flat fees
will not exceed $20,000. The fee-paying arrangements will be determined on a case-by-case basis
and will be detailed in the signed consulting agreement. Our firm will not require a retainer exceeding
$1,200 when services cannot be rendered within 6 months.

Retirement Plan Consulting:

Our Retirement Plan Consulting services are billed on an hourly or flat fee basis or a fee based on the
percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. The maximum
hourly fee to be charged will not exceed $350. Flat fees will not exceed $20,000. Fees based on a
percentage of managed Plan assets will not exceed 1.00%. The fee-paying arrangements will be
determined on a case-by-case basis and will be detailed in the signed consulting agreement.

LPL Sponsored Programs:

The account fee charged to the client for each LPL advisory program is negotiable, subject to the
following maximum account fees:

                               Advisory Program                      Annual Fee
                         Manager Access Select (“MAS”)               Up to 3.00%
                         Model Wealth Portfolio (“MWP”)              Up to 2.83%
                        Optimum Market Portfolio (“OMP”)             Up to 2.50%
                        Personal Wealth Portfolio (“PWP”)            Up to 2.50%

LPL serves as program sponsor, investment advisor and broker-dealer for the LPL advisory
programs. Our firm and LPL may share in the account fee and other fees associated with program
accounts. Associated persons of our firm may also be registered representatives of LPL.

Our firm receives compensation as a result of a client’s participation in an LPL program. Depending
on, among other things, the type and size of the account, type of securities held in the account,
changes in its value over time, the ability to negotiate fees or commissions, the historical or expected
size or number of transactions, and the number and range of supplementary advisory and client-
related services provided to the client, the amount of this compensation may be more or less than
what our firm would receive if the client participated in other programs, whether through LPL or
another sponsor, or paid separately for investment advice, brokerage and other services.

The account fee may be higher than the fees charged by other investment advisors for similar
services. Clients should consider the level and complexity of the advisory services to be provided
when negotiating the account fee (or the advisor fee portion of the account fee, as applicable) with
our firm. With regard to accounts utilizing third-party portfolio managers under aggregate, all-in-one
account fee structures (including MAS, PWP and the legacy MWP fee structure), because the portion
of the account fee retained by our firm varies depending on the portfolio strategist fee associated
with a portfolio, our firm has a financial incentive to select one portfolio instead of another portfolio.

ADV Part 2A – Firm Brochure                     Page 8                         Dovetail Wealth Management, LLC

The MWP account fee consists of an LPL program fee, a strategist fee (if applicable) and an advisor
fee of up to 2.00%. Accounts remaining under the legacy fee structure may be charged one aggregate
account fee, for which the maximum account fee is 2.50%. For more information, ask your advisor
for a copy of LPL’s MWP program brochure, ADV Part 2A brochure, or go to
www.lpl.com/disclosures.html for a complete list of LPL program disclosures or search for LPL
Financial LLC at www.adviserinfo.sec.gov.

Other Types of Fees & Expenses

Non-Wrap Clients will incur transaction charges for trades executed by their chosen custodian. These
transaction fees are separate from our firm’s advisory fees and will be disclosed by the chosen
custodian. Clients may also pay holdings charges imposed by the chosen custodian for certain
investments, charges imposed directly by a mutual fund, index fund, or exchange traded fund, which
shall be disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
    Individuals and High Net Worth Individuals;
    Trusts, Estates or Charitable Organizations;
    Pension and Profit Sharing Plans;
    Corporations, Limited Liability Companies and/or Other Business Types

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.