Elmwood Wealth Management Inc

Item 5.          Fees and Compensation

EWM offers three primary service models:

   1. Full-Service Offering
   2. Core Service Offering
   3. Fixed Income Offering

Additional advisory tiers (Plus, Premier, and Platinum) may also be added depending on the level of
service required.

Full Service Offering:

   •      Minimum annual fee: $10,000
   •      Minimum account size: $1,000,000
   •      Fees are billed quarterly in advance

FULL-SERVICE OFFERING                                  Fee Rate Per
                                                        Annum*

Amounts up to                   $ 2,000,000            1.00%

Amounts in excess of            $ 2,000,001            0.80%
 and up to                      $ 5,000,000

Amounts in excess of            $ 5,000,001            0.50%
 but less than                  $10,000,000

Amounts in excess of            $10,000,000            Subject to Negotiation

Fees are calculated using the percentage rates detailed in your client agreement and are based on the
market value of the assets held in your account as of a specified date or the last business day of each
quarter. Fees are billed quarterly in advance.

EWM bills the greater of either:
  • the minimum fee, $2,500 quarterly, or
  • based upon the fee schedule calculation using the market value of the assets held in your
      account.

The greater of the two fee calculations is billed quarterly. The annual minimum fee for our Full-
Service Offering is $10,000. If a client terminates their account before the end of the first year, the
client is still responsible for the payment of the minimum annual fee. In the first year, EWM wealth
managers and staff spend a disproportionate amount of time and resources on-boarding the client,
completing their financial plan, and executing their investment strategy.

The fee schedule above is inclusive of active investment management, ongoing financial planning
services, advice, and advisor meetings.

The minimum assets under management accepted for this service is $1,000,000.

The Full-Service Offering includes:

    •   Active investment management
    •   Ongoing financial planning
    •   Financial advice
    •   Advisor meetings
    •   Additional Service Options

Full-Service clients may also elect:

    •   Premier Service Additional Offering
    •   Plus Service Offering

Clients requiring more advanced or complex wealth management solutions may work with EWM to
create a customized Platinum Comprehensive Service Offering.

Core Service Offering:

For Year 1:
    • Minimum annual fee: $7,500
    • Minimum agreement term: 1 year
    • Minimum account size: $750,000
    • Accounts above $10,000,000: Subject to negotiation

Beginning in Year 2:

    •   Financial planning becomes on-demand
    •   Additional financial advice and scheduled meetings are billed separately at hourly rates

   CORE SERVICE OFFERING                   Fee Schedule     Fee Rate Per
                                                            Annum

   Year 1                                  $0-2,000,000      0.75%

                                           $2,000,001-       0.60%
                                           $5,000,000

                                           $5,000,001 +      0.40%

                                                             1 Year Minimum Agreement. Annual fee
                                                             is $7,500 or greater based on the
                                                             managed account assets per the tiered fee
                                                             schedule.

   Year 2 and Forward                                        Above referenced fee schedule applies for
                                                             Year 2 and forward. Annual fee of $7,500
                                                             or greater, based on the managed account
                                                             assets. Additional hourly rates apply for
                                                             financial planning and scheduled
                                                             meetings. See below.

   Financial Planning, Advisor                               Hourly Rates*
   Meetings and Ongoing Advice
   Rates
                                                             $225
   Advisor’s Hourly Rate*                                    $95  *Subject to Change
   Staff Hourly Rate*

   Accounts above $10,000,000 subject
   to negotiation.

Fees are billed quarterly in advance. The first-year annual minimum fee is $7,500 or greater based
on the assets managed. The greater of the two fee calculations will be billed quarterly. EWM bills the
greater of either the minimum fee, $1,875 quarterly, or based upon the fee schedule calculation using
the market value of the assets held in your account. The annual minimum fee for our Core Service
Offering is $7,500. In the first year, EWM wealth managers and staff spend a disproportionate amount
of time and resources on-boarding the client, completing their financial plan, and executing their
investment strategy.

The first-year fee schedule above includes financial planning services and advisor meetings. Year
two and beyond, financial planning is on demand, additional financial advice and scheduled meetings
will incur an additional hourly charge if utilized. Hourly charges are $225 for Professional time per
hour and $95 per hour for Staff time.

The minimum assets under management accepted for this service is $750,000.

For the Additional Services Provided, Core Service Clients may utilize the Plus Service Offering.

Fixed Income Offering:

   •   Fees are charged annually at 0.50% of assets under management.
   •   This offering does not include financial planning services.

FIXED INCOME OFFERING                                  Fee Rate Per
...

Item 7.        Types of Clients

EWM may work with individuals, families, trusts, estates, conservatorships, foundations, retirement
plans, 529 plans, donor advised funds, pension, and profit-sharing plans.

In general, EWM manages fully discretionary accounts with minimum annual fees that apply.

For our Full-Service Offering, clients are required to have a combined minimum of assets under
management of $1,000,000 or above.

For our Core Service Offering, clients are required to have a combined minimum asset under
management of $750,000 or above.

EWM provides fixed income investment management with a minimum account size of $500,000,
also with a $2,500 minimum annual fee.

We reserve the right to change any minimum asset and fee requirements.