FWG Investments LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides additional
details regarding our firm’s services along with descriptions of each service’s fees and compensation
arrangements. It should be noted that lower fees for comparable service may be available from other
sources. The exact fees and other terms will be outlined in the agreement between you and FWG
Investments.

Asset Management Services

Fees charged for our asset management services are charged based on a percentage of assets under
management, billed in arrears (at the end of the billing period) on a monthly calendar basis and calculated
based on the average daily balance of your account for the billing period. Fees are prorated (based on the
number of days service is provided during the initial billing period) for your account to be opened at any
time other than the beginning of the billing period. If asset management services commenced in the middle
    FWG Investments, LLC                          Page 8                    Form ADV Part 2A: Firm Brochure

of a billing period, the prorated fee for the initial billing period is billed in arrears at the same time as the
next full billing period’s fee is billed.

The asset management services continue in effect until terminated. You may terminate the services by
providing FWG Investments with notice. FWG Investments may terminate the services by providing you
with written notice effective 30 days after you receive the written notice. Any prepaid, unearned fees will
be promptly refunded by FWG Investments to you. Fee refunds will be determined on a pro rata basis using
the number of days services are actually provided during the final period.

Our standard fee for asset management services does not exceed 1.5%, and fees are negotiable based on
the investment adviser representative providing the services, the type of client, the complexity of the
client's situation, the composition of the client's account (i.e., equities versus mutual funds), the potential
for additional account deposits, the relationship of the client with the investment adviser representative,
and the total amount of assets under management for the client. We do not use a tiered fee schedule
approach.

FWG Investments believes that its annual fee is reasonable in relation to: (1) services provided and (2) the
fees charged by other investment advisers offering similar services/programs. However, our annual
investment advisory fee may be higher than that charged by other investment advisers offering similar
services/programs. In addition to our compensation, you may also incur charges imposed at the mutual
fund level (e.g., advisory fees and other fund expenses).

Program fees will be deducted from your account by AE Wealth Management who will retain 40 basis
points of the assets under management (0.40%) with the remaining portion paid directly to our firm. The
portion retained by AE Wealth Management is split between AE Wealth Management, Model Managers
and your account qualified custodian to cover transactions executed in your accounts.

By special request, clients may request that fees for all accounts be deducted from a single designated
account. Also, by special request, clients may request direct billing from FWG Investments for its portion
of the wrap fee, e.g., a client wishing to pay their qualified account fee with non-qualified funds.

To have fees deducted from your account, you must authorize the qualified custodian(s) of your account
to deduct fees from your account and pay such fees directly to AE Wealth Management. You should review
your account statements received from the qualified custodian(s) and verify that appropriate investment
advisory fees are being deducted. The qualified custodian(s) will not verify the accuracy of the investment
advisory fees deducted.

In addition, you may incur certain charges imposed by third parties other than FWG Investments in
connection with investments made through your account including, but not limited to, mutual fund sales
loads, 12b-1 fees and surrender charges, variable annuity fees and surrender charges, IRA and qualified
retirement plan fees, and miscellaneous expenses imposed by the qualified custodian(s) of your account.
Management fees charged by FWG Investments are separate and distinct from the fees and expenses
charged by investment company securities that may be recommended to you. A description of these fees
and expenses is available in each investment company security’s prospectus.

FWG Investments believes that its annual fee is reasonable in relation to: (1) services provided and (2) the
     FWG Investments, LLC                            Page 9                      Form ADV Part 2A: Firm Brochure

fees charged by other investment advisers offering similar services/programs. However, our annual
investment advisory fee may be higher than that charged by other investment advisers offering similar
services/programs.

You can choose how to pay your investment advisory fees. The investment advisory fees can be deducted
from your account and paid directly to our firm by the qualified custodian(s) of your account, or you
can pay our firm upon receipt of a billing notice sent directly to you.

If you choose to have the investment advisory fees deducted from your account, you must authorize the
qualified custodian(s) of your account to deduct fees from your account and pay such fees directly to
FWG Investments. The qualified custodian will be solely responsible for debiting the fee from your
account. FWG Investments will not debit the fee from your account. The fee debited from your account by
the qualified custodian will cover both our investment advisory fee and the qualified custodian’s execution
fees. Up to .10% of your fee will be retained by the qualified custodian for execution costs with the
remaining portion paid from the qualified custodian to our firm.
...

Item 7 – Types of Clients

FWG Investments generally provides investment advice to the following types of clients:

   •   Individuals

   •   High net worth individuals

    FWG Investments, LLC                           Page 10                    Form ADV Part 2A: Firm Brochure

   •   Trusts, estates, or charitable organizations

   •   Pensions and profit sharing plans

   •   Small business including corporations and other business entities

You are required to execute a written agreement with FWG Investments specifying the particular
advisory services in order to establish a client arrangement with FWG Investments.

Minimum Investment Amounts Required and Minimum Fees Charged for Financial Planning

FWG Investments requires a minimum of $10,000 for our asset management services. To reach this
account minimum, clients can aggregate all household accounts. Exceptions may be granted to this
minimum for the expectation of additional funds or assets.