DWV Advisors LLC

Item 5: Fees and Compensation
Please note, unless a Client has received this brochure at least 48 hours prior to signing an Advisory
Contract, the Advisory Contract may be terminated by the Client within five (5) business days of signing the
Advisory Contract without penalty or incurring any fees. At no time do we require prepayment of $1,200 or
more six months or more in advance of rendering the services.

How we are paid depends on the type of advisory services we perform. Below is a brief description of our
fees, however, you should review your executed Advisory Contract for more detailed information regarding
the exact fees you will be paying. Fees are negotiable and some fees may vary by Client for similar services.
No increase to the agreed-upon advisory fees outlined in the Advisory Contract shall occur without prior
Client consent.

Wealth Management Services

The fee is based on a percentage of assets under management. The annualized fees for wealth
management services are a negotiated fee up to 0.80% of assets under management. The annual advisory
fee is paid quarterly or monthly in arrears based on the value of Client’s account(s) as of the last day of the
billing period. The formula for the quarterly fee is determined by the following calculation: (account value as
of the last day of the billing period x .80%) ÷ 4 or 12.

In certain cases, we may negotiate a fixed fee for our wealth management services. The fee range is
dependent upon variables including the specific needs of the Client, complexity, estimated time, research,
and resources required to provide services to you, among other factors we deem relevant. Fees are
negotiable and the final agreed upon fee will be outlined in your Advisory Contract.

In determining the advisory fee, we may allow accounts of members of the same household to be
aggregated. DWV relies on the valuation as provided by Client’s custodian in determining assets under
management. Our advisory fee is prorated for any partial billing periods occurring during the engagement,
including the initial and terminating billing periods. Adjustments will be made for deposits and withdrawals
during the billing period.

If DWV utilizes an Outside Manager, the above fee schedule does not include the Outside Manager’s fee.
DWV may be compensated via a fee share from the advisors to which it directs those clients. This
relationship will be disclosed in each contract between DWV and each third-party advisor. The fees shared
will not exceed any limit imposed by any regulatory agency.

Fee Payment

For Wealth Management services, we deduct our advisory fee from one or more account(s) held at an
unaffiliated third-party custodian, as directed by the Client. Please refer to Item 15 of this Brochure
regarding our policy on direct fee deduction. Clients may also pay by electronic funds transfer (EFT) or check.
We use an independent third party payment processor in which the Client can securely input their payment
information to pay their fee. We do not have access to the Client’s banking or credit information at any time.
The Client will be provided with their own secure portal in order to make payments.

For Financial Planning services fees are paid by electronic funds transfer (EFT) Credit Card or check. We use
an independent third party payment processor in which the Client can securely input their banking
information and pay their fee. We do not have access to the Client’s banking information at any time. The
Client will be provided with their own secure portal in order to make payments.

Other Types of Fees and Expenses

Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which may be incurred by the Client. Clients may incur certain charges imposed by custodians, brokers, and
other third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer, and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual fund and exchange-traded funds also charge internal management fees, which are
disclosed in a fund's prospectus. Such charges, fees, and commissions are exclusive of and in addition to
our fee, and we shall not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that we consider in selecting or recommending custodians for Client’s
transactions and determining the reasonableness of their compensation (e.g., commissions).

Clients may incur fees from third-party professionals such as accountants and attorneys that DWV may
recommend, upon Client request. Such fees are separate and distinct from DWV’s advisory fees.

Terminations and Refunds

For Wealth ManagementServices, the Advisory Contract may be terminated with written notice 30 calendar
days in advance. Since fees are paid in arrears, no refund will be needed upon termination of the Advisory
Contract. Clients will be responsible for payment of fees up to the date of termination.

For Ongoing Financial Planning services, the Advisory Contract may be terminated with written notice 30
calendar days in advance. Upon termination, the fee will be prorated based upon the number of days in the
billing period and refunded to the Client within 14 days.

Sale of Securities or Other Investment Products

Advisor and its supervised persons do not accept compensation for the sale of securities or other
investment products including asset-based sales charges or service fees from the sale of mutual funds.

Item 7: Types of Clients
We provide financial planning and investment management services to individuals, high net-worth
individuals, pension and profit sharing plans, corporations or other businesses, and qualified individuals.

Our minimum account size requirement is $250,000 to open or maintain an account under our
management. DWV may reduce or waive the minimum account size requirement on a case-by-case basis.