Golden State Wealth Management LLC

ITEM 5: FEES AND COMPENSATION
     A. COMPENSATION FOR OUR ADVISORY SERVICES

        1. Asset Management

        The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
        outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-rata
        basis quarterly in advance based on the value of the account(s) on the last day of the previous
        quarter. Fees are negotiable and will be deducted from client account(s). In rare cases, our firm will
        agree to directly invoice. As part of this process, Clients understand the following:

        a. The client’s independent custodian sends statements at least quarterly showing the market values
           for each security included in the Assets and all account disbursements, including the amount of
           the advisory fees paid to our firm;
        b. Clients will provide authorization permitting our firm to be directly paid by these terms. Our firm will
           send an invoice directly to the custodian; and
        c. If our firm sends a copy of our invoice to the client, a legend urging the comparison of information
           provided in our statement with those from the qualified custodian will be included.

        2. Comprehensive Portfolio Management

        The maximum annual fee charged for this service will not exceed 2.00%. Fees to be assessed will be
        outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-rata
        basis quarterly in advance based on the value of the account(s) on the last day of the previous quarter.
        Fees are negotiable and will be deducted from client account(s). In rare cases, our firm will agree to
        directly invoice. As part of this process, Clients understand the following:
        a. The client’s independent custodian sends statements at least quarterly showing the market values
           for each security included in the Assets and all account disbursements, including the amount of
           the advisory fees paid to our firm;
        b. Clients will provide authorization permitting our firm to be directly paid by these terms.
        c. Our firm will send an invoice directly to the custodian; and
        d. If our firm sends a copy of our invoice to the client, a legend urging the comparison of information
           provided in our statement with those from the qualified custodian will be included.

        3. Non-Exempt Accounts

        A non-exempt account must have revenue equal or greater than the respective advisor’s Golden
        State override. For accounts which do not meet the minimum, Golden State will directly debit advisor
        revenue to cover the requirement by means of Asset Based Pricing. The Asset Based Pricing
        calculation is based on a basis point schedule and not a percentage of revenue override. For
11                                                                                            GSWM Firm Brochure 7.2026

     instance, if the standard override is 10%, a 10bps fee will be assessed to advisor. This minimum
     management fee may be passed directly to client, in whole or in part, with appropriate documentation,
     or simply absorbed by advisor without change to client account.

     a. Accounts exempt from a firm imposed minimum annual fee:
        i. The account holder is considered:
           1. Self/Advisor personal accounts
           2. Spouse/domestic partner and/or
           3. Minor Child
       ii. To abide by United States Internal Revenue Service limitations, and defined by FINRA
           (Immediate Family), familial qualified accounts subject to the annual fee cap will not have a
           firm-imposed management fee greater than the nominal administrative fee of 0.035%
           regardless of advisors’ previously mentioned pay-out percentage
      iii. Client/Account qualifies through “flex billing”
           1. Flex billing – this is the term designating a particular account may not be billed an annual
               fee as said account has the annual fee debited from another account’s prior approved
               billing arrangement. Prior approval is required
      iv.  Account does not hold advisory assets (for example assets used for consolidated reporting
           purposes only wherein firm/IAR does not have fiduciary or custodial responsibilities) or is an
           SMA billed direct by the custodian
       v.  Client is a current branch employee or advisor/affiliate of the RIA

     4. Employer Sponsored Plans

     Our firm offers a service to clients which allows the Firm to offer discretionary investment
     management for employer sponsored plans. We may leverage the order management system
     provided by Pontera (formerly FeeX) with respect to certain accounts (primarily 401(k) participant
     accounts, health savings accounts and other assets identified by the client) held with custodians other
     than our primary custodians. In such instances, the Firm will review at least annually the available
     investment options in these accounts, monitor them, and rebalance and implement its strategies as
     necessary in the same manner as if such accounts were held with our primary custodians.
     The platform allows us to avoid being considered to have custody of Client funds. We are not
     affiliated with the platform in any way and receive no compensation from them for using their platform.
     A link will be provided to the Client allowing them to connect an account(s) to the platform. Once
     Client account(s) is connected to the platform, Adviser will review the current account allocations. The
     goal is to improve account performance over time, minimize loss during difficult markets, and manage
     internal fees that harm account performance.

     5. Financial Planning & Consulting
...

ITEM 7: TYPES OF CLIENTS
 Our firm has the following types of clients:
        •   Individuals and High Net Worth Individuals;
        •   Trusts, Estates or Charitable Organizations;
        •   Pension and Profit-Sharing Plans;
        •   Corporations, Limited Liability Companies and/or Other Business Types
 Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging us.