Fonville Wealth Management LLC

ITEM 5: FEES AND COMPENSATION

CWA is a fee-only firm. CWA is compensated solely by advisory or financial planning fees received
directly from its clients. Neither CWA, nor any related person associated with CWA, receives
compensation that is contingent on the purchase or sale of a financial product. Neither CWA, nor
any related person of CWA, accepts any sales commissions, referral fees, service fees or other
form of compensation from any third party, nor does CWA or any related person compensate
anyone else directly or indirectly for client referrals. Fees are generally negotiable and are paid
as described below, directly by the client. CWA’s fee and the specific manner in which fees are
charged is outlined in each advisory agreement with the client. Lower fees for comparable
services may or may not be available from other sources.

Advisory Fees

Advisory fees for services rendered range between 1.50% per year to 0.40% per year depending
upon client assets under management. Fee may be calculated based upon combined assets
under management or on a per account basis depending upon the client situation.

Focus Fees

As described above, Focus performs certain services such as account administration, portfolio
allocation analysis, asset-class investment strategy, back-office fulfillment, report and statement
production, and fee debiting on behalf of CWA and its clients. Focus is an investment adviser
registered with the Securities and Exchange Commission. Focus bills CWA directly for such
services and does not bill clients directly.

Financial Planning Fees

CWA generally offers financial planning as part of the Advisory Services. For stand-alone financial
planning services CWA may, in its discretion, charge an hourly or fixed fee for these services.
CWA’s financial planning and consulting fees are negotiable but are generally $300 per hour.
Fixed fees can range from $2,000 to $30,000.

The final fee schedule will be attached as Exhibit A of the Personal Financial Planning Agreement.

Clients may terminate their contracts without penalty within 180 business days of signing the
financial planning contract. If a client terminates his or her contract within 180 business days of
signing the financial planning contract, fees that are charged in advance will be fully refunded.
Hourly or fixed fees may be waived or refunded should the client decide to engage CWA for
ongoing Advisory Services.

Payment of Advisory Fees

Advisory fees are automatically withdrawn directly from the client’s account with written
authorization. Advisory fees are withdrawn on a quarterly basis, in advance (or in arrears in rare
situations), usually around the 1st or 2nd week of the new calendar quarter using the account
values on the last day of the previous quarter. The fees are computed based on the number of
days in that calendar quarter expressed as a percentage of the total days in the year.

When accounts are opened, the first billing will be computed on a prorated basis using the

number of remaining days that the funds are to be managed that quarter. Clients authorize CWA
(or its agents) to directly debit fees from their accounts.

A billing advice memorandum is included with the performance reports (if available) sent to every
client typically within one month of the end of each calendar quarter. If a client terminates his or
her relationship with CWA in the middle of a quarter, a refund is given on a prorated basis, based
on the number of days remaining in a quarter as of the date of termination. Upon termination of
any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees
will be due and payable. Clients may terminate their contracts at any time without penalty.

Service Guarantee: Upon written request, if a client is unhappy with our services for any reason,
the client may request a full refund of CWA’s advisory or financial planning fees within 180 days
from the signed investment advisory contract.

Payment of Financial Planning Fees

Fixed Financial Planning fees are paid via written check or credit card. 100% of the fee is due upon
signing the financial planning agreement and never more than six months in advance.
Occasionally, CWA may charge 50% (fifty percent) of fees in advance of plan delivery, and 50%
after plan delivery. Fixed planning fees may be waived if a client signs up for investment advisory
services depending upon the client’s situation.

Hourly Financial Planning fees are paid via check or credit card. $1,000 is typically due upon
signing the financial planning agreement and the remainder of the fee is due after delivery of the
financial plan and never more than six months in advance.

Clients Are Responsible for Third Party Fees

Clients may incur certain charges imposed by the third parties including but not limited to
custodial fees, charges imposed directly by a mutual fund or exchange traded fund in the account,
which shall be disclosed in the fund’s prospectus (e.g., fund management fees and other fund
expenses), 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.
Additionally, clients may incur brokerage commissions and transaction fees. Such charges, fees
and commissions are exclusive of and in addition to CWA's fee.

Prepayment of Fees

CWA collects fees in advance (or in arrears in rare situations) for advisory services. Fees that are
collected in advance will be refunded based on the prorated amount of work completed as of the
date of termination and the total days during the billing period. Fees will be returned within thirty
days to the client via check or deposit back into client’s account.

Outside Compensation for the Sale of Securities to Clients

CWA’s compensation is derived solely from fees paid directly by clients. The firm does not receive
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ITEM 7: TYPES OF CLIENTS

CWA generally offers advisory or financial planning services to the following types of clients:

    •   Individuals
    •   High-Net-Worth Individuals
    •   Trusts, Estates, or Charitable Organizations
    •   Corporations or Business Entities

The minimum account size (based on the total for all accounts being managed for the client and
the client’s family) is $1,000,000 per client family. CWA reserves the right to waive account
minimums where necessary.