Everest Wealth Management LLC

Item 5 – Fees and Compensation

Our integrated wealth management services, including personal financial planning and investment
management, are covered by one asset-based fee. The fee structure below presents the annual
percentage charged. This annual fee shall be paid quarterly, in arrears, based upon the aggregate
market value of Assets Under Management on the last business day of the previous calendar quarter,
multiplied by one-fourth of the applicable Annual Fee Rate, in accordance with the following fee schedule.
The market value of publicly traded assets is that which is reported by the custodian, plan administrator or
trustee of the assets. If an asset is not held by a custodian (e.g., individual stock certificate held by
client), the price used to value the asset will be obtained from a third-party news service (e.g., Wall Street
Journal). The market value of privately traded assets is the value most recently assigned by an appraiser
or other independent third party, if available, or otherwise by us in good faith. There are no upfront, one-
time fees for our wealth management services.

                Assets Under Management Annual Fee Rate
                On first $800,000                  1.0%
                On next $1,200,000                 0.8%
                On next $2,000,000                 0.5%
                On remaining over $4,000,000       0.2%

As an example, the annualized fee for managing $5,000,000 would be 1% applied to the first $800,000,
plus .8% applied to the next $1,200,000, plus .5% applied to the next $2,000,000, plus .2% applied to the
next $1,000,000.

In appreciation for our clients’ loyalty over the years, EWM clients are awarded every 6 th year of EWM
services for free. As an example, if a client commenced his/her relationship with EWM anytime in 2016,
that client’s free calendar years would be 2022, 2028, 2034, etc.

Assets Under Management may not include all of the client’s investable assets. However, it is
understood that the client will pay EWM based upon all assets that are invested according to the
Investment Policy Statement developed by EWM. Exceptions include current-employer retirement plan
accounts and 529 plan accounts. Specific investment advice will be given for these accounts and they
will be considered by EWM when evaluating the overall asset allocation plan for the client, but no fee will
be charged for advice related to these accounts. Client assets that are considered Assets Under
Management at the time investment management services commence are listed in each client’s advisory
agreement.

The minimum quarterly asset management fee is $2,500. Because of this minimum asset management
fee, clients having a low asset base may be able to obtain services for a lower fee from other providers.
Fees and or minimums may be negotiable where special circumstances exist. The company retains
discretion to modify the above fee structure depending on the size, complexity, and nature of the portfolio
managed. The fee schedule is subject to change upon 30 days notice.

Investment Management fees are due and will be assessed in arrears on the first day of each calendar
quarter (i.e., January 1, April 1, July 1 and October 1) based on the portfolio value as of the last business
day of the previous calendar quarter. As an example, the fee for the quarter-ended March 31 will be
payable April 1. If the account was not open at the beginning of the previous calendar quarter, the
quarter fee will be based on a pro-rata calculation for the time that the account was open, still using the
previous quarter-end account value. If the investment account was not open at the end of the previous
quarter, the fee for that quarter will be calculated for the pro-rata time that the account was open that
quarter, using the account value at the beginning of the previous quarter. All Investment Management
fees will be paid out of the client’s investment account, as stipulated in the client’s advisory agreement.

Clients authorize EWM to invoice the custodian for Investment Management fees and to authorize the
custodian to deduct these fees from their accounts. EWM sends statements to clients showing the
calculation of the fees and the value of the assets on which the fees were based. The custodian sends
monthly statements to clients showing amounts disbursed from their accounts for Investment
Management fees.

No portion of advisor compensation shall be based on capital gains or capital appreciation of the Assets
and no increase in the annual fee shall be effective without prior written notification to the client. EWM
provides Investment Management services on a fee-only basis. We do not earn commissions from selling
any financial products, nor do we accept compensation from any third parties.

In addition to our Investment Management fees clients may also incur certain charges imposed by
unaffiliated third parties. Such charges include, but are not limited to, custodial fees, brokerage
commissions, transaction fees, charges imposed directly by a mutual fund or exchange traded fund
purchased for the account which shall be disclosed in the fund’s prospectus (e.g., fund management fees
and other fund expenses), certain 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. EWM shall not receive any portion of these commissions, fees, and costs. Item 12 further
describes the factors EWM considers when selecting or recommending custodians or broker-dealers for
client transactions and determining the reasonableness of their compensation.

Item 7 – Types of Clients

EWM provides portfolio management services to individuals and high net worth individuals.