First Washington Corporation

Item 5 – Fees and Compensation

The fee schedule applicable as of this Brochure is as follows:

 Client Assets                                    Annual Fee (%) for all assets
 Up to $10,000,000                                1.00%
 Over $10,000,000                                 Negotiated

These fees are negotiable, and the final fee schedule is attached as Schedule A of the
Investment Advisory Agreement.

The specific manner in which fees are charged by FWCO is established in a client’s written
agreement with FWCO. FWCO will generally bill its fees on a quarterly basis. Clients may
elect to be billed in advance or arrears each calendar quarter. Clients may also elect to be
billed directly for fees or to authorize FWCO to directly debit fees from client accounts.
Management fees shall be prorated for each capital contribution and withdrawal made
during the applicable calendar quarter (with the exception of de minimis contributions and
withdrawals). Accounts initiated or terminated during a calendar quarter will be charged a
prorated fee. Upon termination of any account, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable. The client has the
right to terminate an agreement without penalty.

FWCO’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses which shall be incurred by the client. Clients may incur certain charges
imposed by custodians, brokers, third party investment and other third parties such as fees
charged by managers, custodial fees, 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. Mutual funds and exchange traded funds also charge
internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees
and commissions are exclusive of and in addition to FWCO’s fee, and FWCO shall not
receive any portion of these commissions, fees, and costs, unless disclosed to the client.

Item 12 further describes the factors that FWCO considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Rev. 2025.12.15                                                                          Page | 2

Item 7 – Types of Clients

FWCO provides portfolio management services to high-net-worth individuals, individuals,
pension and profit-sharing plans, charitable organizations and businesses.

FWCO generally requires a minimum account of $250,000.00 to open a portfolio in our
advisory.