Entelechy LLC

Item 5: Fees and Compensation
Forms of payment are based on the types of services being provided, term of service, and client
preference. Payment is made via check or draft from a U.S. financial institution as well as through
qualified, unaffiliated third-party processors or the custodian of record maintaining the client’s
account; both requiring the client’s prior authorization. We do not accept cash, money orders or
similar forms of payment for advisory engagements.
How we are paid depends on the type of advisory service we are performing. Please review the
fee and compensation information below.

Financial Life Management
Financial Life Management includes ongoing financial planning, investment management, and
standard preparation of a client’s tax returns, as needed. Fees for Financial Life Management
consist of an ongoing, flat annual fee of $6,000 - $20,000, prorated and paid monthly or quarterly.
Fees may be negotiable in certain cases, and will be detailed in the client agreement.

For new client engagements, the first five months of the annual fee are typically due in advance,
with a deposit (not to exceed $1,200) due upon signing prior to an anticipated onboarding date
(e.g. the 1st of the following month), and the remainder of the first five months billed and due once
onboarding begins. Entelechy will not bill an amount above $1,200 six months or more in advance.
After the first five months, the ongoing fee is paid in either monthly or quarterly installments, in
arrears. Entelechy may bill an adjusting, prorated amount so that monthly or quarterly billing aligns
with calendar months or quarters. No increase in the annual fee shall be effective without prior
written notice to the client or amendment to their current advisory agreement. This service may
be terminated with 30 days’ prior written notice. Upon termination of any engagement, the fee will
be prorated and any unearned fee will be refunded to the client. The balance of any earned fees
will be charged to the client.

Standard tax preparation is included with Financial Life Management at no additional charge.
Standard tax preparation includes the preparation of a client’s federal and state returns along with
basic schedules (where applicable). Clients with more complex returns, including, but not limited
to, business income & expenses (Schedule C), rental properties (Schedule E), additional state
returns, or those with a filing status of Married Filing Separately, may be subject to an additional
fee. Additional fees (if any) will be invoiced after completion and filing of a client’s returns. The
total additional fees for complex returns can range from $0 - $5,000 and may be negotiable in
certain cases.

Comprehensive Financial Planning
Effective January 1, 2019, this unbundled service and associated pricing is only available to
existing clients with previously executed agreements, unless otherwise communicated.

The service consists of an initial planning fee ranging from $1,500 - $10,000, and an ongoing annual
fee ranging from $1,200 - $10,000. Both the initial planning fee and ongoing planning and
implementation fee are based on the needs of the client, complexity of the client’s financial
situation, and time committed to developing and implementing the plan. Fees may be negotiable
in certain cases, and will be detailed in the client agreement.

The initial planning fee is due upon executing our agreement, however, Entelechy will not bill an
amount above $1,200 more than 6 months in advance. Clients paying the initial planning fee will
typically receive a credit toward the first 3 months (first quarter) of ongoing planning and
implementation service. The ongoing planning and implementation fee is paid in either monthly or
quarterly installments (depending on client preference), in arrears. No increase in the annual fee
shall be effective without prior written notice to the client or amendment to their current advisory
agreement. This service may be terminated with 30 days’ prior written notice. Upon termination of
any engagement, the fee will be prorated and any unearned fee will be refunded to the client. The
balance of any earned fees will be charged to the client.

Financial Planning Project
Financial Planning is offered on a fixed fee basis for targeted or specific projects. The fixed fee
will be agreed upon before the start of any work. The fixed fee can range between $250 and
$10,000, and may be negotiable. If a fixed fee program is chosen, half of the fee is due upon
executing our agreement and the remainder is due at completion of work, however, Entelechy will
not bill an amount above $1,200 more than 6 months in advance. In the event of early termination,
the client will be billed for the hours worked at a rate of $250 per hour. If the initial deposit is
greater than the amount billed, then the client will be refunded the difference. If the initial deposit
is less, then the client will be billed the difference.

Financial Planning Hourly Fee
Financial Planning is offered at an hourly rate of $250 per hour. The fee may be negotiable in
certain cases. If the hourly fee program is selected, a minimum of one billable hour will typically be
due upon executing our agreement (though may not be required). The fees for remaining hours
worked are billed in fifteen (15) minute increments and due upon completion. In the event of early
termination by the client, any fees for the hours already worked will be due.

Financial Planning Initial Consultation
Financial Planning is offered on a fixed fee basis for initial consultations to provide clients with
basic advice and determine if Entelechy is an appropriate fit for additional client needs. The initial
consultation fee can range between $0 and $500, and may be negotiable. If an initial consultation
is scheduled, the fee is due upon execution of our agreement. Clients choosing to engage
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Item 7: Types of Clients
We offer services to individuals, retirement plans (including pension, profit sharing plans, defined
benefit plans and defined contribution plans), trusts, estates, charitable organizations,
corporations and business entities.
We do not have a minimum account size requirement.