Higgins & Schmidt Wealth Strategies LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

Flat-Fee Portfolio Management Services Fee (AUM <= $1M)
Total Assets Under Management              Quarterly Fee                 Annual Fee

        $1 -$1,000,000                         0.375%                       1.50%

Tiered Portfolio Management Services Fee (AUM>$1M)

Total Assets Under Management             Quarterly Fee                  Annual Fee

        $1 -$1,500,000                         0.313%                      1.25%

   $1,500,000.01-$3,000,000                    0.250%                      1.00%

  $3,000,000.01-$10,000,000                    0.125%                      0.50%

       $10,000,000.01+                         0.063%                      0.25%

Donor Advised Fund accounts will be charged at a 0.3% fee. Accounts designated as solely
Money Market accounts will not incur a fee.

These fees are negotiable depending upon the needs of the client and complexity of the
situation. The final fee schedule is attached as Exhibit I of the client contract. Clients may
terminate the agreement without penalty for a full refund of HSWS's fees within five
business days of signing the Investment Advisory Contract. Thereafter, clients may
terminate the Investment Advisory Contract immediately upon written notice.

       B. Payment of Fees

       Payment of Portfolio Management Fees

       Asset-based portfolio management fees are withdrawn directly from the client's accounts
       on a quarterly basis.

       For fees deducted directly from client accounts HSWS will:

       (A) Possess written authorization from the client to deduct advisory fees from an account
       held by a qualified custodian.
       (B) Utilize a custodian that sends at least quarterly statements reflecting all additions and
       deductions, including the amount of advisory fees. Fees are paid in advance.

       C. Client Responsibility For Third Party Fees

        All client accounts are included in the firms Wrap Fee Program. Further information is
       provided in the firms Wrap Fee Program brochure. Please see Item 12 of this brochure
       regarding broker/custodian.

       D. Prepayment of Fees

       The advisory fee is calculated using the value of the assets on the last business day of the
       prior billing period, taking into account the previous quarter's deposits and withdrawals
       Fees are paid quarterly in advance. Refunds are given on a prorated basis, based on the
       number of days remaining in the billing period on the effective date of termination. The
       fee refunded will be the balance of the fees collected in advance minus the daily rate*
       times the number of days in the billing period up to and including the effective date of
       termination. (*The daily rate is calculated by dividing the annual fee by 360).

       E. Outside Compensation For the Sale of Securities to Clients

       Neither HSWS nor its supervised persons accept any compensation for the sale of
       securities or other investment products.

Item 7: Types of Clients

HSWS generally provides advisory services to the following types of clients:

       ❖      Individuals
       ❖      High-Net-Worth Individuals
       ❖      Charitable Organizations
       ❖      Corporations or Business Entities

There is an account minimum of $500,000, which may be waived by HSWS in its discretion.