Harbour Wealth Management Group Inc

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one more
written agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the end of the prior quarter. Investment advisory fees range up to 1.50% annually based on several
factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the
overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio
restrictions and other complexities may be charged a higher fee.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
                                          Harbour Wealth Management Group, Inc.
                                    126 Seven Farms Drive, Ste 150, Daniel Island, SC 29492
                                                    Phone: 843-377-8448
                                             www.harbourwealthmanagement.com

consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
HWMG will be independently valued by the Custodian. HWMG will conduct periodic reviews of the Custodian’s
valuation to ensure accurate billing.

Financial Planning Services
For standalone financial planning services, HWMG offers services on an hourly and fixed fee basis. Hourly fees
range up to $500 per hour. Fixed fees range up to $50,000 annually. Fees may be negotiable based on the nature
and complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours
and/or total costs will be provided to the Client prior to engaging for these services.

Use of Independent Managers
As noted in Item 4, the Advisor will implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its investment advisory fee as described above. Independent
Managers typically do not offer any fee discounts but may have a breakpoint schedule which will reduce the fee
with an increased level of assets placed under management with an Independent Manager. The terms of such fee
arrangements are included in the Independent Manager’s disclosure brochure and applicable contract[s] with the
Independent Manager. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will
not exceed 2.00% annually.

Retirement Plan Advisory Services
Retirement plan advisory fees are paid quarterly in advance, pursuant to the terms of the retirement plan advisory
agreement. Retirement plan advisory fees are based on the market value of assets in the Plan at the end of the
prior quarter. Fees for retirement plan advisory services are charged an annual asset-based fee up to 1.00%. Fees
may be negotiable depending on the size and complexity of the Plan.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor and deducted from the Client’s account[s] at the Custodian.
The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s
account[s] at the beginning of the respective quarter. The amount due is calculated by applying the quarterly rate
(annual rate divided by 4) to the total assets under management with HWMG at the end of the prior quarter. Clients
will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory
fee. Clients are urged to also review and compare the statement provided by the Advisor to the brokerage statement
from the Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization
permitting advisory fees to be deducted by HWMG to be paid directly from their account[s] held by the Custodian as
part of the investment advisory agreement and separate account forms provided by the Custodian.

Financial Planning Services
Financial planning fees for project-based engagements may be invoiced up to fifty percent (50%) of the expected total
fee upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the agreed
upon deliverable[s].

Use of Independent Managers
For Client accounts implemented through an Independent Manager, the Client’s overall fee will include the
Advisor’s investment advisory fee (as noted above) plus investment management fees and/or platform fees
charged by the Independent Manager. The Independent Manager will assume the responsibility for calculating the
Client’s fees and deducting all fees from the Client’s account[s].

Retirement Plan Advisory Services
Retirement plan advisory fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the
Plan, depending on the terms of the retirement plan advisory agreement.

                                          Harbour Wealth Management Group, Inc.
                                    126 Seven Farms Drive, Ste 150, Daniel Island, SC 29492
                                                    Phone: 843-377-8448
                                             www.harbourwealthmanagement.com

C. Other Fees and Expenses
...

Item 7 – Types of Clients

HWMG offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses,
charitable organizations, and retirement plans. The amount of each type of Client is available on HWMG’s Form
ADV Part 1A. These amounts may change over time and are updated at least annually by the Advisor. HWMG
generally requires a minimum relationship size of $1,000,000, which can be waived at the Advisor’s sole discretion.