Greenwood Capital Associates LLC

Item 5: Fees and Compensation
A. Fee Schedule
     Greenwood Capital operates on a fee-only basis. For Investment Advice, clients incur separate and additional fees for investment
advisory/management, trading execution, and custodial services, or a bundled fee for trading execution and custodial services.
    Investment Advisory and Institutional Investment Management: These fees are negotiable depending upon your needs and the
complexity of your situation; the final fee schedule is included in a written agreement. Greenwood Capital fees are calculated and paid
quarterly in arrears, based on the average month-end managed market value of the account, including cash, and accrued income. You can
terminate your contract by providing written notice as outlined in the written agreement.

     1. Investment Advisory Fees
The standard investment advisory fee is 1% of discretionary assets under management, including cash/cash equivalents, and accrued
income. The investment advisory fee and minimum account balance requirement (as stated in this document) are negotiable. Factors
considered for negotiating the investment advisory fee include, but are not limited to, the amount of assets to be invested, the complexity
of the engagement, the anticipated number of meetings and servicing needs, related accounts, future earning capacity, anticipated future
additional assets, and other factors. As a result, similar clients could pay different fees, which will correspondingly affect a client’s net
account performance.

Greenwood Capital charges a minimum fee of $150 per calendar quarter. If the calculated fee for the quarter is $150 or greater for the
quarter, the calculated fee will be utilized. Application of the minimum fee is negotiable based upon the total client relationship. The
calculated or minimum fees are prorated for the number of days the accounts are open during the quarter.

     2. Institutional Investment Management
                                         Type of Account                                            Annual Management Fee
               100% Equity
                   Large Cap, Tax-Managed Large Cap, Dividend & Income, SMID Cap                                .50%
               100% Fixed Income                                                                                .35%
               Balanced Allocation                                                                              .50%
               ETF Diversified Asset Allocation
               Passive/Active UMA Strategic Asset Allocation
                    First $2,000,000                                                                           1.00%
                    Next $1,000,000                                                                            .80%
                    Balance above $3,000,000                                                                   .60%

     3. Group Retirement Plans Utilizing a Third-Party Administrator
                                   Service                                                 Annual Fee
                  Investment Education Consulting                                       .50% (minimum $500)

    If you close your account within six months of the first contribution, Greenwood Capital will charge an early account closure fee of $150,
due at termination. This will also be applicable to for investors (typically beneficiaries) that request our assistance in establishing custodial
accounts to receive and/or transfer inherited assets.

Other Services
     Financial Planning Fees: Private Client Advisors offer financial planning services on a case-by-case basis as outlined in a Financial Planning
Engagement Letter. As a stand-alone service, Greenwood Capital charges a one-time fee of $3,500, collected prior to commencing the
financial plan. If the stand-alone engagement results in investment assets under management with Greenwood Capital, a portion of the
$3,500 fee will be deducted each quarter from the first four full calendar quarters after the new account(s) are opened, up to the full amount
of the financial planning fee. If the advisory fees during the first four full calendar quarters do not exceed the financial planning fee,
Greenwood Capital will retain the difference between the $3,500 financial planning fee and the investment advisory fee. Based on the nature
of the financial planning relationship, Greenwood Capital reserves the right to waive the fee as opposed to rebating future investment
advisory fees.
    We also reserve the right to charge for financial planning services when requested by other Financial Advisers, Broker-Dealers, and/or
Custodians through Sub-Advisory and Dual Contract Agreements. Greenwood Capital will fully disclose these fees, which the client must
acknowledge in writing before proceeding.
     Retirement Advice: Greenwood Capital does not charge separately for assisting clients in reviewing their Required Minimum Distribution
or advice regarding retirement plan rollover or distributions.
      For held-away accounts managed using the Pontera platform, fees are calculated and paid quarterly in arrears, based on the average
month-end managed market value of the account, including cash, and accrued income. A 40% discount on the standard investment advisory
fee is applied to accounts managed on the Pontera platform.
     Sub-Advisory and Dual Contract Fees: Fees are negotiable depending upon the needs of the client and the complexity of the situation;
the final fee schedule is included in the Sub-Advisory Agreement, or if negotiated, in the Sub-Advisor Account Authorization. Greenwood
Capital fees are typically paid quarterly in arrears, based on the average month-end managed market value of the account, including cash,
and accrued income. Other financial advisors/custodians may have different fee calculation methods, which will be stated in their agreements
...

Item 7: Types of Clients
     We generally provide investment advisory services and investment management to the following types of clients:
              Individuals                                                       Charitable Organizations
              High-Net-Worth Individuals                                        Corporations or Other Business Entities
              Banks and Thrift Institutions                                     State or Municipal Government Entities
              Pension and Profit-Sharing Plans                                  Other Investment Advisers

     Our stated account minimum of $250,000 can be waived, based on the overall client relationship, financial objectives over time, and
the complexity of the situation.