Hendershott Wealth Management LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our fee for portfolio management services is based on a percentage of your assets we manage and is set
forth in the following fee schedule:

 Assets Under Management*                              Annual Fee
 Up to $2,000,000                                      1.00%
 $2,000,000.01 - $5,000,000                            0.80%
 $5,000,000.01 - $10,000,000                           0.50%
 Over $10,000,000                                      0.35%

*Minimum initial investment of $1,500,000 (may be negotiable in certain situations). In addition, clients with
as little as $100,000 may apply for eligibility to our Ignite Investing® service. This program offers our Ignite
portfolio to select investors. Application fee for this program is $199 - $299. If selected, investment
management fees above would apply thereafter.

Our annual portfolio management fee is billed and payable quarterly in advance based on the value of your
account on the last day of the previous quarter. If the portfolio management agreement is executed at any
time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means that
the advisory fee is payable in proportion to the number of days in the quarter for which you are a client. Our
advisory fee is negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household to
determine the applicable advisory fee. For example, we may combine account values for you and your
minor children, joint accounts with your spouse, and other types of related accounts. Combining account
values may increase the asset total, which may result in your paying a reduced advisory fee based on the
available breakpoints in our fee schedule stated above.

Our portfolio management fee will be deducted directly from your account through the qualified custodian
holding your funds and securities. You will be sent a fee statement showing the amount of the fee, the value of
the assets on which the fee is based, and the fee rate. We will deduct our advisory fee only when the following
requirements are met:

      • You provide our firm with written authorization permitting the fees to be paid directly from your
        account held by the qualified custodian.
      • The qualified custodian agrees to send you a statement, at least quarterly, indicating all
        amounts dispersed from your account including the amount of the advisory fee paid directly to
        our firm.

You may terminate the portfolio management agreement upon written notice to our firm. You will incur a pro
rata charge for services rendered prior to the termination of the portfolio management agreement, which
means you will incur advisory fees only in proportion to the number of days in the quarter for which you are
a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund
of those fees.

We encourage you to reconcile our fees listed on your quarterly performance report from Focus Partners
Advisor Solutions, LLC with the statement(s) you receive from the qualified custodian. If you find any
inconsistent information between our fees listed on your quarterly performance report and the statement(s)
you receive from the qualified custodian, please call our main office number located on the cover page of
this brochure.

Selection of Other Advisers
Advisory fees charged by third-party asset management providers (TPAMPs) are separate and apart from
our advisory fees. Advisory fees that you pay to the TPAMP are established and payable in accordance
with the disclosure brochure provided by each TPAMP to whom you are referred. These fees may or may
not be negotiable. You should review the recommended TPAMP's disclosure brochure and take into
consideration the TPAMP's fees along with our fees to determine the total amount of fees associated with
this program.

You may be required to sign an agreement directly with the recommended TPAMP(s). You may terminate
your advisory relationship with the TPAMP according to the terms of your agreement with the TPAMP. You
should review each TPAMP's disclosure brochure for specific information on how you may terminate your
advisory relationship with the TPAMP and how you may receive a refund, if applicable.

Financial Planning Services
We charge an hourly fee of $350 for financial planning services, which is negotiable depending on the scope
and complexity of your situation and financial objectives. An estimate of the total time/cost will be determined
at the start of the advisory relationship. In limited circumstances, the cost/time could potentially exceed the
initial estimate. In such cases, we will notify you and request that you approve the additional fee.

Family Financial Plan
We also offer financial planning on a fixed fee basis. The fixed fee will be agreed upon before the start of
any work. The fixed fee can range between $1,000.00 and $12,000.00. The fee is negotiable in the event
of early termination, the client will be billed for the hours worked at a rate of $350 per hour.

We typically require that you pay 50% of the fee in advance and the remaining portion upon the completion
of the services rendered; however, we reserve the right to negotiate other fee payment arrangements with
you. At our discretion, we may offset a portion of our financial planning fee (typically, the second installment
- 50% - of the financial planning fee) to the extent you implement the financial plan through our Portfolio
Management Service. We do not require prepayment of a fee more than six months in advance of service
rendered and in excess of $500.

You may terminate the financial planning agreement by providing written notice to our firm. You will incur a
pro rata charge for services rendered prior to the termination of the agreement. If you have pre- paid
...

Item 7 Types of Clients
We offer investment advisory services to individuals, trusts, estates, charitable organizations, corporations,
and other business entities.

In general, we require a minimum of $1,500,000 to open and maintain an investment management advisory
account. At our discretion, we may waive this minimum account size. For example, we may waive the
minimum if you appear to have significant potential for increasing your assets under our management. We
may also combine account values for you and your minor children, joint accounts with your spouse, and
other types of related accounts to meet the stated minimum. In addition, clients with as little as $100,000 to
invest may apply for eligibility to our Ignite Investing® service.