Forvis Mazars Wealth Advisors LLC

Item 5: Fees and Compensation
Assets Under Management
Fees are billed quarterly in advance for services and prorated for clients who begin or terminate service during the
quarter. Annual fees are based on a percentage of AUM as outlined below. Fees may be higher or lower than
stated schedule based on factors including AUM, anticipated additional assets, related accounts, client needs,
complexity, portfolio style, and other relevant factors. We impose a minimum annual fee of $7,500, which cannot
exceed 2%. Employees and partners of Forvis Mazars receive discounted or waived fees. At its discretion, Forvis
Mazars may aggregate assets from a client's family members. Client fees may differ from other clients receiving
similar services, and comparable services may be available from other advisors at lower costs.
Cash management is an important part of financial planning and portfolio management. Typically, a flat advisory
fee is charged on all supervised assets, including cash and money market funds, and this fee may exceed the
money market yield. Fees are based on AUM as indicated below. Specific fee terms are outlined in the Wealth
Management Agreement.

     Assets Under Management            Fee
     At or below 2,000,000              1.00%
     2,000,001 – 5,000,000              0.85%
     5,000,001 – 10,000,000             0.75%
     10,000,001 – 15,000,000            0.60%
     15,000,001 – 20,000,000            0.50%
     20,000,001 – 25,000,000            0.45%
     25,000,001 and above               Negotiable

Quarterly fees are prorated and directly debited from your accounts unless otherwise agreed. Non-taxable accounts
may not pay for more than their pro-rata share. Custodial statements indicate the total fees deducted each quarter;
however, these fees are not independently verified by the custodian. Fees for Forvis Mazars partners are
determined each quarter but collected annually.

Billing for Accounts with Margin Balances
A margin balance does not lower the total market value of managed accounts. While we typically do not
recommend using margin as an investment strategy, we will implement it upon request following our internal
review. Using margin to cover cash needs may increase advisory fees compared to selling assets.
Recommendations to borrow on margin create a conflict of interest.

Valuation of Securities/Accounts
The custodian provides security prices, and our internal system reconciles with them daily. Fees are calculated
based on portfolio value at the previous quarter’s end, which may differ from the custodian statement due to timing
of dividends, trade settlements, and accrued interest.

Termination
Our agreement shall remain in effect until terminated by either party in accordance with its terms. Termination does
not affect the validity of services rendered prior to the date of termination. Upon termination of the relationship, the

ADV Part 2A | 2026                                                                        Forvis Mazars Private Client   9

client will be issued a prorated refund for any prepaid advisory fees that have not been earned. Any outstanding
amounts for services rendered but not yet paid will be invoiced accordingly.

Additional Costs
Mutual fund expenses are detailed in each fund’s prospectus and are separate from fees paid to Forvis Mazars
Wealth Advisors. Custodian fees and transaction costs are not included above. Clients are solely responsible for all
fees and expenses.

Financial Planning Fees
Planning services are generally included in the investment management fee described above. If we do not manage
client’s assets, standalone financial planning is available under a separate agreement for a minimum fee of $5,000.
Total fees depend on client’s financial situation's complexity and are set before engagement based on estimated
hours to prepare the plan. Services are customized to each client’s needs and costs will vary. The Financial
Planning Agreement will specify planning fees, which may be hourly or fixed, payment schedule, and any additional
expenses. Fees can be negotiated. Additional work beyond the original scope will be billed as described in
Agreement. If terminated prior to the services being delivered, we will bill for work performed and refund any
prepaid fees on a prorated basis.

Investment Consulting Fees
Fees for investment consulting services and special projects are charged on an hourly basis, fixed, or percentage-
of-assets basis (.015 to 1.5 percent based on needs and complexity). The agreed-upon fee could be more or less
than other fee payment options. Fees, payment schedule, and any additional expenses will be outlined in
agreement.

RPC Fees for Investment Consulting/Management
Fees are calculated based on the fair market value of the account provided by the plan custodian and/or
recordkeeper. Fees may be billed in advance or arrears, depending on recordkeepers, and we may impose a start-
up fee of $7,500 in addition to a percentage-of-assets, as set forth below. A minimum fee of $10,000 will be
charged, not to exceed two percent. Minimum account values and fees are negotiable and are based on the asset
value of the qualified plan on which we consult, complexity and frequency of meetings, depth of security analysis
and reporting, among other factors. If terminated prior to the services being delivered, we will bill for work
performed and refund any prepaid fees on a prorated basis. Platform, TPA/recordkeeping, and/or investment
related expenses are not included.

     Assets                        3(21) Fee       3(38) Fee
     At or below 1,000,000         0.70%           0.75%
     1,000,001 – 3,000,000         0.60%           0.65%
     3,000,001 – 5,000,000         0.50%           0.55%
     5,000,001 – 10,000,000        0.40%           0.45%
     10,000,001 – 15,000,000       0.35%           0.40%
     15,000,001 – 20,000,000       0.30%           0.35%
...

Item 7: Types of Clients
Wealth management and financial planning services are offered to individuals, ultra- and high-net worth individuals,
businesses, pension and profit-sharing plans, charitable institutions, foundations, and endowments. We provide
retirement plan consulting and investment advice to institutional clients, including 401(k) plans, ESOPs, defined
benefit plans, 403(b) plans, and corporate clients.