Gunn Wealth Management LLC

Fees and Compensation.

Consulting Services
GWM also offers investment consulting services. For example, we may offer advice to
clients regarding assets outside of GWM’s management. The scope of consulting serv-
ices will vary, depending on the client’s needs. As described below under Item 7 - Types
of Clients, we generally have a minimum account size of $500,000 for investment man-
agement relationships. For clients who do not meet this minimum, we may work with
you through a consulting arrangement.

We describe the fees charged for consulting services below under Item 5 - Fees and
Compensation.

Limitations on Investments
There may be limitations on the securities in which GWM may invest clients’ accounts
based on where the account is held. All clients establish brokerage accounts with the TD
Ameritrade Institutional, a division of TD Ameritrade, Inc. (“TD Ameritrade”). GWM is
limited to the securities available through TD Ameritrade. TD Ameritrade offers a broad
range of investment products, but we may occasionally wish to buy a security for the
client that TD Ameritrade does not have available. We can purchase the securities from
another firm and have them transferred to the client’s TD Ameritrade account, but TD
Ameritrade may charge the client additional fees. GWM considers these fees when we
recommend outside securities.

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GWM may also limit advice to certain types of securities based on client preference (see
Tailored Services and Client Imposed Restrictions in this Item below).

Tailored Services and Client Imposed Restrictions
GWM manages client accounts based on the investment strategies discussed below un-
der Item 8 - Methods of Analysis, Investment Strategies, and Risk of Loss. GWM ap-
plies the strategy for each client, based on the client’s individual circumstances and fi-
nancial situation. We make investment decisions for clients based on information the
client supplies about their financial situation, goals, and risk tolerance. Our recommen-
dations may be limited if the client does not provide us with accurate and complete in-
formation. It is the client’s responsibility to keep GWM informed of any changes to their
investment objectives or restrictions.

Clients may also request other restrictions on the account, such as when a client needs
to keep a minimum level of cash in the account or does not want GWM to buy or sell
certain specific securities or security types in the account. Clients may also prefer certain
types of securities (such as socially responsible stocks) that they want in the portfolio. In
determining the strategy for each client’s account, we discuss any restrictions or re-
quests the client has for our management. GWM reserves the right to not accept and/or
terminate management of a client’s account if we feel that the client- imposed restric-
tions would limit or prevent us from meeting or maintaining the client’s investment
strategy.

Wrap Fee Programs
GWM does not manage accounts as part of a wrap or bundled fee program.

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2.0%
1.0%

With client authorization, GWM deducts our management fees from the client’s account
monthly. The client authorizes the custodian to pay our advisory fee from the client’s
account, and GWM sends a statement to the client each month showing the value of the
account upon which we calculate the fee and the amount of the fee. We will also send a
bill to the custodian indicating the amount of the fee to be paid. The custodian will
withdraw the amount from the client’s account and send it to GWM. The custodian will
not review whether we calculated the fee properly. The client is responsible for verify-
ing the accuracy of the fee calculation. The custodian will send the client a statement
monthly, indicating all amounts paid out of the account, including the amount of advi-
sory fees paid to GWM.

Consulting Services

GWM offers our consulting services on an hourly basis, at $250 per hour. Consulting
fees are due when the consulting services are completed. Before beginning the consult-
ing services, we provide the client with an estimate of the total time we expect to com-
plete the services. If there is a change to the original estimate, GWM will contact the cli-
ent to obtain approval prior to continuing our service.

Other Fees and Expenses

GWM’s fees do not include custodian fees. Any brokerage commissions, stock transfer
fees, and other similar charges that are incurred in connection with transactions for a
client’s account will be paid out of the assets in the client’s account and are in addition
to the fees the client pays to GWM. See Item 12 - Brokerage Practices below for more
information.

In addition, any mutual fund shares held in a client’s account may be subject to de-
ferred sales charges, 12b-1 fees, and other fund-related expenses. Each fund’s prospec-
tus fully describes the fees and expenses. All fees paid to GWM for investment man-
agement services are separate and distinct from the fees and expenses charged by mu-
tual funds. Mutual funds pay advisory fees to their managers, which are indirectly
charged to all holders of the mutual fund shares. Consequently, clients with mutual
funds in their portfolios are effectively paying both GWM and the mutual fund man-

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ager for the management of their assets. GWM purchases institutional class shares (no
load) when the need to add a fund arises.

GWM does not accept compensation for the sale of securities or other investment prod-
ucts, including asset-based sales charges or service fees from the sale of mutual funds.
This practice presents a conflict of interest and gives individuals an incentive to recom-
...

Item 7 - Types of Clients
GWM provides investment advisory services primarily to individuals (including high
net worth individuals and clients’ related trusts and estates). In addition, we offer advi-
sory services to businesses, charitable organizations, and pension and profit sharing
plans.

Account Requirements
Generally, GWM requires a minimum account size of $500,000 to establish an invest-
ment management relationship. We may combine related accounts to meet the account
size minimum. GWM reserves the right and may reduce or waive the account minimum
requirements at our discretion. For clients who do not meet this minimum, we can pro-
vide investment consulting services on an hourly basis, as described above under Item 4
– Advisory Business.