Elk River Wealth Management LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
more written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
agreement. Wealth management fees are based on the market value of assets under management at the end of
the prior calendar quarter.

                                            Elk River Wealth Management LLC
                                      250 Fillmore Street, Suite 425, Denver, CO 80206
                                     Phone: (720) 310-3275 | https://ElkRiverWealth.com

Wealth management fees are based on the following schedule:

                      Assets Under Management                     Annual Fee (%)
                     Up to $3,000,000                                1.00%
                     $3,000,001 to $5,000,000                        0.90%
                     Over $5,000,000                                 0.80%

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by Elk River will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing

Clients may make additions to and withdrawals from their account[s] at any time, subject to Elk River’s right to
terminate an account. Additions may be in cash or securities provided that Elk River reserves the right to liquidate
any transferred securities or decline to accept particular securities into a Client’s account[s]. Clients may withdraw
account assets on notice to Elk River, subject to the usual and customary securities settlement procedures.
However, Elk River designs its portfolios as long-term investments and the withdrawal of assets may impair the
achievement of a Client’s investment objectives. Elk River may consult with its Clients about the options and
ramifications of transferring securities. However, Clients are advised that when transferred securities are liquidated,
they may be subject to transaction fees, fees assessed at the mutual fund level (i.e. contingent deferred sales
charge) and/or tax ramifications.

Clients who engage the Advisor for estate planning services through its association with the firm, wealth.com, will
incur a $1000 fee payable to the Advisor.

Use of Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or
more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation
from an Independent Manager. The Advisor will only earn its investment advisory fee as described above. The
Advisor will allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of
the executed agreement between the Advisor and the Independent Manager. The total blended fee, including the
Advisor’s fee and the Independent Manager’s fee, will not exceed 1.00% annually.

Financial Planning Services
Financial planning may be included in an overall wealth management engagement, pursuant to the terms of the
wealth management agreement. At times, the Advisor may offer financial planning services as a separate
engagement and fee. In such instances, Elk River offer its services either on an hourly or fixed fee basis. Hourly
fees range up to $500 per hour. Fixed fees are based on the expected effort and duration to complete the
engagement at the negotiated rate and may range up to $5,000. Fees may be negotiable based on the nature and
complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours
and total costs will be provided to the Client prior to engaging for these services. Clients who engage the Advisor for
estate planning services through its association with the firm, wealth.com, will incur a $1000 fee payable to the
Advisor as outlined in the Client’s service agreement.

Investment Consulting Services
For investment consulting engagements that fall outside the Advisor’s investment or wealth management services,
the Advisor will charge a fixed annual fee ranging up to $15,000, which may be negotiable depending on the nature
and complexity of each Client’s circumstances.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor or its delegate and either deducted from the Client’s
account[s] at the Custodian or directly invoiced to the Client. For fees deducted from the Custodian, the Advisor
shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s account[s]
                                            Elk River Wealth Management LLC
                                      250 Fillmore Street, Suite 425, Denver, CO 80206
                                     Phone: (720) 310-3275 | https://ElkRiverWealth.com

at the beginning of the respective quarter-end date. For Clients who are directly invoiced, the Advisor’s quarterly
invoice is due upon receipt. The amount due is calculated by applying the quarterly rate (annual rate divided by 4)
to the total assets under management with Elk River at the end of the prior quarter. Clients will be provided with a
statement, at least quarterly, from the Custodian reflecting deduction of the wealth management fee. Clients provide
written authorization permitting advisory fees to be deducted by Elk River to be paid directly from their account[s]
...

Item 7 – Types of Clients

Elk River offers wealth management services to individuals, high-net-worth individuals, trusts, estates,
businesses, and charitable organizations. Elk River generally does not impose a minimum relationship size.

                                            Elk River Wealth Management LLC
                                      250 Fillmore Street, Suite 425, Denver, CO 80206
                                     Phone: (720) 310-3275 | https://ElkRiverWealth.com