Hesen & Haslam LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Wrap Wealth Management & Wrap Comprehensive Wealth Management:

    Please see our Form ADV Part 2A: Appendix 1 Wrap Brochure for further information on the fees and
    compensation earned by our firm for this service.

    Financial Planning & Consulting:

    Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
    estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
    engagement with the client. The maximum hourly fee to be charged will not exceed $350. Flat fees
    will not exceed $10,000. Our firm requires a retainer of 50% of the ultimate financial planning or
    consulting fee at the time of signing. The remainder of the fee will be directly billed to the client and
    due within 30 days of a financial plan being delivered or consultation rendered. Our firm will not
    require a retainer exceeding $500 when services cannot be rendered within 6 months.

ADV Part 2A – Firm Brochure                         Page 7                   Hesen & Haslam, Retirement Income Specialists

    Retirement Plan Consulting:

    Our Retirement Plan Consulting services are billed on an hourly or flat fee basis, or a fee based on the
    percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee
    charged, is based on the scope and complexity of our engagement with the client. Fees based on a
    percentage of managed Plan assets will not exceed 1.25%. The fee-paying arrangements for
    Retirement Plan Consulting service will be determined on a case-by-case basis and will be detailed
    in the signed consulting agreement. Clients will be invoiced directly for the fees.

    LPL Sponsored Advisory Programs:

    The account fee charged to the client for each LPL advisory program is negotiable, subject to the
    following maximum account fees:

                                 Advisory Program                     Annual Fee
                               Manager Access Select                  Up to 3.00%
                               Model Wealth Portfolio                 Up to 2.50%
                              Optimum Market Portfolio                Up to 2.50%
                              Personal Wealth Portfolio               Up to 2.50%

    Referrals to Third Party Money Managers:

    The total annual advisory fee for this service shall not exceed 3.00%. A portion of this fee will be paid
    to our firm and will be outlined in the third-party money manager’s advisory agreement to be signed
    by the client. Clients will be provided with a copy of the chosen third-party money manager’s Form
    ADV Part 2, all relevant Brochures, a solicitation disclosure statement detailing the fees to be paid to
    both firms and the third-party money manager’s privacy policy. All fees that our firm receives from
    the third-party money managers and the written separate disclosures made to clients regarding
    these fees comply with applicable state statutes and rules. The billing procedures for this service vary
    based on the chosen third party money manager. The total fee to be charged, as well as the billing
    cycle, will be detailed in the third-party money manager’s ADV Part 2A and separate advisory
    agreement to be signed by the client.

    Other Types of Fees & Expenses

    Wrap clients will not incur transaction costs for trades. LPL Financial offers a trading platform with
    select exchange traded funds (“ETFs”) that do not charge transaction fees. The no-transaction-fee
    ETF trading platform is available to clients participating in LPL Financial’s Strategic Wealth
    Management (“SWM”) and Strategic Asset Management (“SAM”) programs. Clients will be subject to
    transaction fees charged by LPL Financial for ETFs not included in LPL Financial’s platform and for
    other types of securities. The limited number of ETFs available on LPL Financial’s no-transaction fee
    platform may have higher overall expenses than other types of securities and ETFs not included in
    the platform. Other major custodians have eliminated transaction fees for all ETFs and U.S. listed
    equities, so clients may pay more for investing in the same securities at LPL Financial.

    More information about this can be found in our separate Wrap Fee Program Brochure.

ADV Part 2A – Firm Brochure                         Page 8                  Hesen & Haslam, Retirement Income Specialists

    Termination & Refunds

    Financial Planning & Consulting clients may terminate their agreement at any time before the
    delivery of a financial plan by providing written notice. For the purpose of calculating refunds, all
    work performed by us up to the point of termination shall be calculated at the hourly fee currently in
    effect. Clients will receive a pro-rata refund of unearned fees based on the time and effort expended
    by our firm.

    Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
    written notice to the other party. Full refunds will only be made in cases where cancellation occurs
    within 5 business days of signing an agreement. After 5 business days from initial signing, either
    party must provide the other party with 30 days’ written notice to terminate billing. Billing will
    terminate 30 days after receipt of termination notice. Clients will be charged on a pro-rata basis,
    which takes into account work completed by our firm on behalf of the client. Clients will incur charges
    for bona fide advisory services rendered up to the point of termination (determined as 30 days from
    receipt of said written notice) and such fees will be due and payable.

    Commissionable Securities Sales

    Representatives of our firm are registered representatives of LPL, member FINRA/SIPC. As such they
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Item 7: Types of Clients & Account Requirements

    Our firm has the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts, Estates or Charitable Organizations;
       • Pension and Profit Sharing Plans;
       • Corporations, Limited Liability Companies and/or Other Business Types.

    Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
    us.

ADV Part 2A – Firm Brochure                        Page 9                  Hesen & Haslam, Retirement Income Specialists