Ducere Wealth Management LLC

ITEM 5: FEES AND COMPENSATION

DWM’ advisory fees are generally based on a percentage of assets under management (“AUM”). and are
subject to one or more fee schedules depending on the type of assets managed. The Firm maintains separate
fee schedules for (i) equity and diversified portfolio management services (“Standard Fee Schedule”) and
(ii) fixed income–only portfolios (“Fixed Income Fee Schedule”).

The applicable fee schedule(s) and rate(s) are disclosed in the client’s investment management agreement.
Standard fees for DWM discretionary management services, which includes portfolio management, asset
allocation, ongoing portfolio monitoring, and rebalancing as needed, are as follows:

                                 Standard Fee Schedule

                                 Amount of Assets                           Fee

                                 0-$2,000,000                               1.00%

                                 $2,000,001 - $5,000,000                    0.75%

                                 $5,000,001-$10,000,000                     0.60%

                                 $10,000,000+                               0.50%

                                 Fixed Income Fee Schedule

                                 Amount of Assets                           Fee

                                 0-$2,000,000                               0.60%

                                 $2,000,001 - $5,000,000                    0.50%

                                 $5,000,001-$10,000,000                     0.35%

                                 $10,000,000+                               0.25%

DWM’s advisory fee is not negotiable. However, DWM, in its sole discretion, may charge a lesser
investment advisory fee, a flat fee, waive fee in whole or in part, or charge fee on a different interval for
certain clients. In exercising this discretion, DWM considers certain factors such as the total dollar amount
of assets to be managed; the existence of related or household accounts; account composition and
complexity; the scope of services to be rendered; grandfathered fee schedules; employees and family
members, courtesy accounts, competition, etc. As a result of these factors, similarly situated clients could
pay different or lesser fees. The services to be provided by DWM to any particular Client could be available
from other advisers for similar or lower fees, and certain Clients may have fees different than those
specifically set forth above. DWM’s Chief Compliance Officer remains available to address any questions
that a Client has regarding advisory fees.

Custodial Statement Valuation. Clients’ custodial statements will generally not account for any accrued
interest on bonds or dividends payable on mutual funds until one or two days into the following quarter.
Additionally, deposits to or withdrawals from a Client’s account on the last billing day of the month may
not be reflected on the custodian’s current statement. These transactions will appear in the following
statement reflecting the actual and accurate date of the deposit or withdrawal. Therefore, in some instances,
what DWM uses as the Client’s quarter end balance may be different from what the Client’s custodial
statements reflects as an ending balance.

We bill client advisory fees quarterly, in advance based on the Client’s closing value on the last trading day
of the quarter. A notice, detailing the amount of the fee to be deducted from the Client’s account, is sent
directly to the custodian. Fees are paid directly to us from the account by the custodian upon our submission

of an invoice to custodian. Payment of fees may result in the liquidation of Client’s securities if there is
insufficient cash in the account. The fee is based on the value of the account on the final trading day of the
quarter. Fees for a partial quarter at the commencement of an agreement will be prorated based on the
number of days the account was open during the quarter. In the event of termination, DWM will refund any
unearned portion of the advanced fee paid based upon the number of days remaining in the billing quarter.
Clients may opt to pay for our fees via our payment processing vendor using credit card or wire transfer.

Market value means the value of all assets in the account (not adjusted by any margin debit). To determine
value, securities and other instruments traded on a market for which actual transaction prices are publicly
reported shall be valued at the last reported sale price on the principal market in which they are traded (or,
if there shall be no sales on such date.

Certain alternative or privately offered investments may not have readily available market quotations. In
such cases, DWM will rely on valuations provided by the issuer, sponsor, fund administrator, or other third
party, which may be estimates and may not reflect the amount that could be realized upon a current sale.
Advisory fees will generally be calculated based on such reported values.

Clients pay brokerage transaction costs and other charges directly to the custodian. See Item 12. Clients
may be required to pay, in addition to DWM fee, a proportionate share of any Exchange Traded Fund’s
(ETF) or mutual fund’s fees and charges. For example, mutual fund operating expenses are paid out of the
fund and are an additional expense incurred by the Client.

Termination Of Advisory Agreement. Either the Client or DWM may terminate the Investment Advisory
Agreement at any time by either party giving written notice to the other party specifying the date of
termination. Clients who terminate their Agreement will receive a refund of the portion of any fee paid but
not yet earned as of the date such notice is received or such later date as may be designated by the client,
based on the following formula:

                (Days remaining in quarter after termination) X (Fees paid for the quarter)
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ITEM 7: TYPES OF CLIENTS

We provide investment advice to individuals, high net-worth individuals, families, business owners and
corporations.

DWM requires a minimum account size of $2 million for opening or maintaining an account.
However, this requirement may be reduced or waived in the Firm’s sole discretion.