Hicks & Associates Wealth Management LLC

Item 5 – Fees and Compensation

Our discretionary investment management agreement establishes the specific
manner in which we charge fees. Fees are calculated as a percentage of the assets
under management.

Separately Managed Accounts

Our annual fees for Separately Managed Accounts are based upon a percentage of
assets under management and generally range from 0.30% to 2.00%. Portfolio
management clients are charged an annual fee and billed monthly in advance based
on total assets under management for each calendar month. Fees are calculated on
the last trading day of the previous month. The fee for the initial month shall be
calculated on a pro rata basis commencing on the day the assets are initially
designated to Hicks & Associates for investment advisory services.

Fees for Portfolio Management Services

Fees may be negotiated in certain circumstances, including larger accounts. Fees are
specified in our discretionary investment management agreement. We reserve the
right to waive or lower fees for family members or decline services to any person or
firm and for any reason.

Fees are billed monthly in advance. In most cases, fees are deducted directly from a
client’s account at the beginning of each month, unless we both agree otherwise. The
fee will be equal to one month of the applicable annual percentage specified in a
client’s discretionary investment management agreement based upon the market
value of the account on the last trading day of the previous month. The market value
is inclusive of the cash balance and any assets held on margin are included based on
the absolute value. If a client engages our services during a month, we will prorate
the fee paid for the initial partial month, based on the number of days from the
beginning of a client’s agreement until the end of the initial month. If a client does
not have enough cash in his/her account to pay our fee, we may sell some of the
account assets to pay the fee.

For purposes of determining the market value of assets in a client’s account,
securities, and other instruments traded on a market for which transaction prices are
publicly reported, will be valued at the last reported sales price on the principal market
in which they are traded as determined by the custodian. If there are no sales on
such a date, then they will be priced using an independent pricing service through the
custodian or other third parties. An independent pricing service will value securities
for which there is no active market. The determination of whether a market is active
or non-active requires judgment.

Consulting Services Fees

Consulting services are offered for a flat fee that will vary based on the nature and
extent of the services requested by a client. Such flat fee is generally charged in an
amount equal to 50% of the flat fee at the time of engagement with the balance due
upon completion of the agreed-upon services. In no instance will we collect $1,200 in
fees, six or more months in advance of rendering services. If a consulting engagement
is terminated before completion of the agreed-upon services, the client will be
charged or refunded a prorated fee based on the time incurred through the date of
termination at an hourly rate of $500 (or another hourly rate as specified in our
agreement).

To the extent a consulting services client engages Hicks & Associates for investment
management services within six months of the execution of the financial planning
agreement, the flat fee paid or payable by the client will be credited against the
investment management fees to be charged as described above.

Other Fees and Expenses

Our advisory fees are exclusive of custody charges, brokerage commissions,
transaction fees, wire transfer fees, and other costs and expenses that may be
charged by service providers unrelated to Hicks & Associates. Please see Item 12 of
this disclosure document for more information on our brokerage practices. Clients are
billed for services from other service providers separately from Hicks & Associates
and these amounts are reported separately from our fees.

Fees for Advisory Clients related to investments in Mutual Funds and ETFs

All fees paid to Hicks & Associates for investment advisory services are separate and
distinct from the fees and expenses charged by mutual funds and/or ETFs to their
shareholders. These fees and expenses are described in each fund's prospectus.
These fees will generally include a management fee, other fund expenses, and, with
respect to a mutual fund previously purchased by a client before entering into an
advisory relationship with Hicks & Associates, a possible distribution fee. If a
previously-purchased fund also imposes sales charges, a client may pay an initial or
deferred sales charge. As a matter of practice, Hicks & Associates does not utilize
funds that charge a distribution fee or initial/deferred sales charge, but will not
automatically sell out of such preexisting positions if such sale would trigger adverse
tax consequences for a client.

A client could invest in a mutual fund directly, without our services. In that case, the
client would not receive the services provided by our firm which are designed, among
other things, to assist the client in determining which mutual fund or funds are most
appropriate to each client's financial condition and objectives. Accordingly, the client
should review both the fees charged by the funds and our fees to fully understand the
total amount of fees to be paid by the client and to thereby evaluate the advisory
services being provided.

ERISA Accounts

Hicks & Associates is deemed to be a fiduciary to advisory clients that are employee
benefit plans or individual retirement accounts (IRAs) pursuant to the Employee
Retirement Income and Securities Act ("ERISA"), and regulations under the Internal
Revenue Code of 1986 (the "Code"), respectively. As such, our firm is subject to
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Item 7 – Types of Clients

We generally provide advice to the following types of clients:

          •   Individuals and high net worth individuals, including their trusts, estates,
              individual retirement accounts, and 401(k) plans.

Minimum Account Size

Hicks & Associates does not require a minimum account size.