Great Lakes Wealth LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    Asset Management:

                         Asset Break Points          Annual Percentage of Assets Charged
                                                    Conservative   Balanced       Growth
                        $0 to $249,999.99             0.95%         1.75%         1.90%
                    $250,000 to $499,999.99           0.85%         1.25%         1.75%
                    $500,000 to $999,999.99           0.75%         1.00%         1.25%
                   $1,000,000 to $2,499,999.99        0.65%         0.90%         0.95%
                   $2,500,000 to $4,999,999.99        0.55%         0.80%         0.85%
                   $5,000,000 to $9,999,999.99        0.45%         0.65%         0.70%
                  $10,000,000 to $14,999,999.99       0.30%         0.40%         0.55%
                        Over $15,000,000                         Negotiated

    Wealth Management & Comprehensive Wealth Management:

                        Assets Break Points             Annual Percentage of Assets Charge
                                                      Conservative  Balanced       Growth
                       $0 to $2,499,999.99              0.95%        1.25%          1.75%
                   $2,500,000 to $4,999,999.99          0.85%        1.15%          1.50%
                   $5,000,000 to $9,999,999.99          0.75%        1.00%          1.25%
                  $10,000,000 to $14,999,999.99         0.50%        0.60%          0.70%
                        Over $15,000,000                           Negotiated

    Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value of
    your account on the last day of the previous quarter. Adjustments will be made for deposits and
    withdrawals of $25,000 or more made during the quarter. Certain illiquid products may have a
    valuation lag that will result in our firm billing fees based on the most recently available valuation.
    Unless otherwise agreed to in writing, advisory fees will be applicable on cash and cash equivalents.
    Fees are negotiable and will be deducted from your managed account. In rare cases, we will agree to
    direct bill clients.

    As part of this process, the client is made aware of the following:

ADV Part 2A – Firm Brochure                        Page 8                                   Great Lakes Wealth, LLC

         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.

    Retirement Plan Consulting:

    Our Retirement Plan Consulting services are billed a fee based on the percentage of Plan assets under
    management. The total estimated fee, as well as the ultimate fee charged, is based on the scope and
    complexity of our engagement with the client. Fees based on a percentage of managed Plan assets
    will not exceed 1.00%. The fee-paying arrangements will be determined on a case-by-case basis and
    will be detailed in the signed consulting agreement.

    Other Types of Fees & Expenses

    The fees for any third-party manager (sub advisory) services will be separate and in addition to our
    firm’s fees. These fees will be included on Schedule A of the executed advisory agreement where
    applicable.

    Clients will incur transaction fees for trades executed by their chosen custodian via individual
    transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
    disclosed by the chosen custodian. Raymond James does not charge transaction fees for U.S. listed
    equities and exchange traded funds.

    Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
    charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
    disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales charges,
    mutual fund sales loads, 12b-1 fees, surrender charges, variable annuity fees, IRA and qualified
    retirement plan fees, and other fund expenses), mark-ups and mark-downs, spreads paid to market
    makers, fees for trades executed away from custodian, wire transfer fees and other fees and taxes on
    brokerage accounts and securities transactions. Our firm does not receive a portion of these fees.

    Termination & Refunds

    We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
    services, we will refund the unearned portion of our advisory fee to you. You need to contact us in
    writing and state that you wish to terminate our services. Upon receipt of your letter of termination,
    we will proceed to close out your account and process a pro-rata refund of unearned advisory fees.
    If it is not possible to issue the refund by reversing fees to the client’s account, a check with be mailed
    to the client.

    Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
    written notice to the other party. Full refunds will only be made in cases where cancellation occurs
    within 5 business days of signing an agreement. After 5 business days from initial signing, either
    party must provide the other party 30 days written notice to terminate billing. Billing will terminate
...

Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Individuals;
       • High Net Worth Individuals and Families;
       • Trusts, Estates or Charitable Organizations;
       • Corporations, Limited Liability Companies and/or Other Business Types.

    Our firm targets clients with at least $100,000 in investable assets but does not formally require a
    minimum account balance to open an account for our Asset Management or Comprehensive Portfolio
    Management services.