Gilliland Jeter Wealth Management LLC

Item 5 - Fees and Compensation

General Fee Information
Fees paid to the Adviser are exclusive of all custodial and transaction costs paid to the client’s
custodian, brokers, or other third party consultants. Please see Item 12 – Brokerage Practices for
additional information. Fees paid to the Adviser are also separate and distinct from the internal
fees and expenses charged by mutual funds, exchange traded funds (“ETFs”) or other investment
pools to their shareholders (generally including a management fee and fund expenses, as described
in each fund’s prospectus or offering materials), mark-ups and mark-downs, spreads paid to market
makers, fees for trades executed away from the custodian, wire transfer fees and other fees and
taxes on brokerage accounts and securities transactions. The client should review all fees charged
by funds, brokers, the Adviser and others to fully understand the total amount of fees paid by the
client for investment and financial-related services.

Portfolio Management Fees
Portfolio management fees are individually negotiated with each client, are based on a percentage
of assets under management, and are generally subject to a maximum fee of 2%, and a minimum fee
of 1%, depending on the level of engagement. The specific advisory fees will be identified in the
investment advisory agreement between the client and the Adviser. The minimum portfolio value
is generally set at $1,000,000. The Adviser may, in its discretion, make exceptions to the foregoing
or negotiate special fee arrangements where the Adviser deems it appropriate under the
circumstances.

Portfolio management fees are generally payable quarterly, in advance. If management begins after
the start of a quarter, fees will be prorated accordingly. Fees are normally debited directly from
client account(s), unless other arrangements are made.

Either the Adviser or the client may terminate their investment advisory agreement at any time,
subject to any written notice requirements in the investment advisory agreement. In the event of
termination, any paid but unearned fees will be promptly refunded to the client based on the
number of days that the account was managed, and any fees due to the Adviser from the client will
be invoiced or deducted from the client’s account prior to termination.

Financial Planning Fees
When the Adviser provides financial planning services to clients, these fees will be included in the
portfolio management fees. The Adviser generally does not provide financial planning services on a
stand-alone basis.

Sub-Adviser Fees
When one or more Managers are utilized, the Manager(s)’ fees generally will be included in the fee
charged by the Adviser.

Fees for Retirement Plan Consulting
In connection with its retirement plan consulting services, the Adviser charges annual asset-based
fees in accordance with the annual fees described above. Negotiated fees are generally based on the
value of the plan’s assets and the complexity of the plan. These fees are normally billed directly to
the client but, in certain circumstances, may be directly debited from the client’s account by the
record-keeper, third party administrator, or custodian.

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Other Compensation

Insurance Disclosure: Certain employees of the Adviser are also licensed to sell insurance products.
In providing financial planning and other related advisory services, these individuals may
recommend the purchase of products under circumstances where they would be entitled to receive
a commission or other compensation in the transaction. In all such circumstances, however, the
client will be notified of this payment in advance of the transaction, and under no circumstances
will the client pay both a commission to an employee of the Adviser for an insurance product and a
management fee to the Adviser on the same pool of assets.

Item 7 - Types of Clients

The Adviser serves individuals, including high net worth individuals, corporations, foundations,
retirement and pension plan participants, and other entities.