Essex Private 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 shall sign one or more advisory agreements that detail the responsibilities of Essex Private
Wealth Management and the Client.

A. Fees for Advisory Services
Wealth Management Services
For Clients engaged for comprehensive wealth management services, the Client will be charged a single combined
fee for investment management and financial planning services based on the market value of assets under
management.

Investment Management Services
Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
advisory agreement. Fees are based on the market value of assets under management at the end of the prior
quarter. Advisory fees range from 1.00% to 0.50% based on the following schedule:

                     Assets Under Management                    Annual Rate
                     First $500,000                               1.00%
                     Next $500,000                                0.80%

                                        Essex Private Wealth Management LLC
                                      7 Grove Street, Suite 201, Topsfield, MA 01983
                                       Phone: (978) 887-5981 | Fax: (978) 267-3492
                                              https://www.essexprivate.com

                      Next $2,000,000                                0.70%
                      Next $1,000,000                                0.60%
                      Next $1,000,000                                0.50%
                      Over $5,000,000                               Negotiable

Certain Clients, including legacy Clients, may have a fee schedule and billing methodology that differs from above.
The advisory fee in the first quarter of service is prorated to the inception date of the account[s] to the end of the
first quarter. At the end of the first quarter, the Client is billed for the first quarter’s prorated fee as well as the next
quarter’s fee. Fees are negotiable at the sole discretion of the Advisor. In addition, the Client may be billed at a fixed
fee rather than a percentage of assets under management. At no time will the fixed fee exceed the annual rate
disclosed in the fee schedule disclosed above. The Client’s fees will take into consideration the aggregate assets
under management with Advisor. All securities held in accounts managed by Essex Private Wealth Management
will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to, any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Financial Planning Services
Essex Private Wealth Management offers standalone financial planning services on an hourly basis at a rate of
$250. Fees may be negotiable depending on the nature and complexity of each Client’s circumstances. An estimate
for total hours and overall cost will be provided to the Client prior to engaging for these services.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee up to 1.00%, billed quarterly in
advance, pursuant to the terms of the agreement. Retirement plan fees are based on the market value of assets
under management at the end of the prior calendar quarter. Fees are negotiable based on the size and complexity
of the Plan.

B. Fee Billing
Investment Management Services
Advisory fees for investment management will be calculated by the Advisor or its delegate and deducted from the
Client’s account[s] at the Custodian. The Advisor or its delegate shall send an invoice to the Custodian indicating
the amount of the fees to be deducted from the Client’s account[s] at the respective quarter-end date. The amount
due is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under management
with Essex Private Wealth Management at the end of the prior quarter. Clients will be provided with a statement, at
least quarterly, from the Custodian reflecting deduction of the advisory fee. It is the responsibility of the Client to
verify the accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not
assume this responsibility. Clients provide written authorization permitting advisory fees to be deducted by Essex
Private Wealth Management directly from their accounts held by the Custodian as part of the advisory agreement
and separate account forms provided by the Custodian. If so desired, the Client may choose to be billed directly by
Essex Private Wealth Management for fees.

Financial Planning Services
Financial planning fees are invoiced up to fifty percent (50%) upon execution of the financial planning agreement
with the remaining balance due upon the completion of the engagement deliverable[s].

Retirement Plan Advisory Services
Fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the Plan, depending on the terms
of the retirement plan advisory agreement.

                                           Essex Private Wealth Management LLC
                                         7 Grove Street, Suite 201, Topsfield, MA 01983
                                          Phone: (978) 887-5981 | Fax: (978) 267-3492
                                                 https://www.essexprivate.com

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Essex Private Wealth Management,
in connection with investment made on behalf of the Client’s account[s]. The Client is responsible for all custody
...

Item 7 – Types of Clients

Essex Private Wealth Management provides advisory services to individuals, high net worth individuals, trusts,
estates, retirement plans and charitable organizations. The amount of each type of Client is available on the
Advisor's Form ADV Part 1A. These amounts may change over time and are updated at least annually by the
Advisor. Essex Private Wealth Management generally requires a minimum relationship size of $50,000, which
may be reduced at the sole discretion of the Advisor.