Hemming& Wealth Management 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 or
more written agreements with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid monthly, at the end of each month, pursuant to the terms of the investment
advisory agreement. Investment advisory fees are based on the market value of assets under management
during each month. Fees are based on the following schedule:

                                           hemming& Wealth Management, Inc.
                                   600 E. Front Street, Suite 201, Traverse City, MI 49686
                                       Phone: (231) 922-2900 | Fax: (231) 922-2904
                                                   https://hemmingwm.com

                          Assets Under Management                        Annual Rate (%)
                          Up to $250,000                                     1.50%
                          $250,001 to $500,000                               1.40%
                          $500,001 to $1,000,000                             1.25%
                          $1,000,001 to $2,000,000                           1.00%
                          $2,000,001 to $4,000,000                           0.80%
                          $4,000,001 to $6,000,000                           0.70%
                          $6,000,001 to $8,000,000                           0.60%
                          $8,000,001 to $10,000,000                          0.50%
                          Over $10,000,000                                 Negotiable

Certain clients may be on a legacy fee schedule that may differ from the one above. The investment advisory fee
in the first month of service is prorated from the inception date of the account[s] to the end of the first month.
Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the
aggregate assets under management with Advisor. All securities held in accounts managed by hemming&
Wealth Management will be independently valued by the Custodian. hemming& Wealth Management will
conduct periodic reviews of the Custodian’s valuations to ensure accurate billing.

The Client may make additions or withdrawals from the account[s] at any time, subject to the Advisor’s right to
terminate an account or the overall relationship. Additions may be in cash or securities provided that the Advisor
reserves the right to liquidate any transferred securities or decline to accept particular securities into a Client’s
account[s]. Clients may withdraw account assets on notice to hemming& Wealth Management, subject to the
usual and customary securities settlement procedures. However, withdrawals from the Client's account[s] may
impede the Advisor's ability to implement the investment strategy designed for the Client. Clients are advised that
when such securities are liquidated, they may be subject to securities transaction fees, short-term redemption
fees, and/or tax ramifications.

For assets managed through a third-party platform, the Client is not charged any additional platform fees. The
Advisor bears the cost of the platform in order to service these Client assets. Advisory fees apply to assets
accessed and managed through the platform as part of the Client’s assets under management, as disclosed
above.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However,
the Advisor shall not receive any portion of these commissions, fees, and costs.

For accounts with American Funds as the custodian where advisory fees are paid from that account, fees are
based on the following fee schedule:

                          Assets Under Management                        Annual Rate (%)
                          Up to $500,000                                     1.40%
                          $500,001 to $1,000,000                             1.25%
                          $1,000,001 to $2,000,000                           1.00%
                          $2,000,001 to $4,000,000                           0.75%
                          $4,000,001 to $8,000,000                           0.40%
                          Over $8,000,000                                  Negotiable

Fees shall be calculated by AFS for each quarterly period ending the last business day of February, May,
August, and November and shall be the product of (i) the rate selected by the Firm above, (ii) the average daily
net asset value of the Client’s assets invested in the Fund through the Program during the quarter; divided by ,
(iii) the number of days in the year multiplied by the number of days in the quarter. The fees shall be paid within
thirty (30) days following the end of the quarter for which such fees are payable.

                                           hemming& Wealth Management, Inc.
                                   600 E. Front Street, Suite 201, Traverse City, MI 49686
                                       Phone: (231) 922-2900 | Fax: (231) 922-2904
                                                   https://hemmingwm.com

Financial Planning Services
hemming& Wealth Management may include financial planning services as part of the overall investment
advisory fee or it may be offered separately. Project-based financial planning engagements may be offered at an
hourly rate of up to $500 or a fixed engagement fee. Ongoing financial planning engagements are offered for a
fixed quarterly fee, payable in advance of each quarter. Fees are based on the scope of services to be provided.
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Item 7 – Types of Clients
hemming& Wealth Management offers investment advisory services to individuals, high net worth individuals,
families, trusts, charitable organizations, businesses and retirement plans. hemming& Wealth Management
generally requires a minimum size of $500,000 for establishing a relationship. hemming& Wealth Management
may waive the minimum at its sole discretion.

                                           hemming& Wealth Management, Inc.
                                   600 E. Front Street, Suite 201, Traverse City, MI 49686
                                       Phone: (231) 922-2900 | Fax: (231) 922-2904
                                                   https://hemmingwm.com