Foundation Wealth Management LLC

Item 5: Fees and Compensation

Our fees are typically charged as a flat fee, however, in limited circumstances we may charge a
percentage of assets under management, each of which is described below.

Compensation – Wealth Management Services
We generally charge a flat annual fee of $12,000, billed quarterly in advance. Exceptions to this
fee schedule are that existing clients (as of December 31, 2025) on asset-based or lower fixed-
fee schedules are capped at $12,000 per year and some legacy clients remain on fixed fees
below $12,000.

Compensation - Third Party Managers, Outside Managers, or Sub-Advisors
If a third-party manager or outside manager is engaged, then the manager may charge a
separate fee in addition to our fee. Clients will enter into a separate agreement with such
manager – we have no authority to do so on the client’s behalf. The fee may be negotiable in
certain cases. Fees for this service may be directly debited from the clients’ account at a
qualified, unaffiliated custodian. This service may be terminated by either party at any time
upon receipt of written notice.

Calculation and Payment
The specific manner in which we charge fees is established in a client’s written agreement with
us. Clients may elect to be invoiced directly for fees or to authorize us to directly debit fees
from client accounts.

Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and
any earned, unpaid fees will be due and payable.

Other Fees
There are no additional types of fees or expenses that our clients pay in connection with the
delivery of advisory services.

Agreement Terms
Either party may terminate an agreement at any time by notifying the other in writing. If the
client made an advance payment, we would refund any unearned portion of the advance
payment.

If the client made a payment in arrears, we would collect any earned yet unpaid fees.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to

pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

General Information on Compensation and Other Fees
In certain circumstances, fees and payment terms are negotiable depending on client’s unique
situation – such as the size of the aggregate related party portfolio size, family holdings, low-
cost basis securities, or certain passively advised investments and pre-existing relationships
with clients. Certain clients may pay more or less than others depending on the amount of
assets, type of portfolio, or the time involved, the degree of responsibility assumed, complexity
of the engagement, special skills needed to solve problems, the application of experience and
knowledge of the client’s situation.

Our 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 our fees, and we shall
not receive any portion of these commissions, fees, and costs.

All fees paid to us for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds to their shareholders. These fees and expenses are
described in each fund’s prospectus. These fees will generally include a management fee, other
expenses, and a possible distribution fee. If the fund also imposes sales charges, a client may
pay an initial or deferred sales charge.

A client could invest in a mutual fund directly, without our services. In that case, the client
would not receive our services, which are designed, among other things, to assist the client in
determining which mutual funds are most appropriate to each client’s financial condition and
objectives. Accordingly, the client should review both the fees charged by the funds and the
fees charged by us to fully understand the total amount of fees to be paid by the client and to
thereby evaluate the advisory services being provided.

Clients should note that similar advisory services may (or may not) be available from other
registered investment advisers for similar or lower fees.

Mutual Fund Share Class Selection
Similar investment management services may (or may not) be available from other investment
advisers for a lower fee. Investment management fees, which include investment management

and transaction costs, may be more or less costly than paying for the services separately,
depending upon the investment advisory fees charged, the number of transactions for the
account, the mutual fund share class you purchase and the underlying 12(b)-1 fee, and the level
of brokerage and other fees that would be payable if you obtained the services available
individually.

Types of Clients
We provide services to individuals, high net worth individuals, and charitable organizations.

Account Minimums
We have no minimum account size.