ICW Investment Advisors LLC

Item 5 – Fees and Compensation
ICW offers its Professional Services on a fee-only basis. Fee-only means that the only compensation ICW receives is
the professional services fee (“Professional Services Fee” or “Fee”) that ICW receives for Professional Services. ICW
does not have any proprietary investment products, nor does ICW receive compensation from any investment
product. ICW has no promoter, referral or soft-dollar arrangements with any unaffiliated money manager, broker-
dealer (“Broker-Dealer”) or qualified custodian (“Qualified Custodian”). This helps reduce source-of-
compensation conflicts of interest in fiduciary relationships with clients (see Items 12 and 14).
ICW charges clients an annual Professional Services Fee for its combined Investment Management and Wealth
Management services. ICW does not offer these services independently. The Fee is based upon a percentage
of the market value of the Accounts ICW is managing and/or advising upon as reported by the client’s
unaffiliated custodians, including the values of cash, cash management, money market and margin balances.
The Investment Management Services (“IMS”) portion of our Professional Services Fee is 0.50% annually for
separately managed Accounts. The Wealth Management Services (“WMS”) portion of our Professional Services
Fee generally varies between an additional 0.50% and 1.25% annually. ICW negotiates the WMS portion of its
Professional Services Fee with clients based upon a variety of objective and subjective factors, including: the
nature, breadth, depth and complexity of the WMS and other Services clients request from us; client requirements
for our time and resources; ad hoc requests and requirements for staff members; advanced training and
experience; the number and types of Accounts; the market value and type of assets; the number, experience
and quality of relationships of other client family members; the existence or absence of other professional
advisors involved; the number of meetings required; client responsiveness to our requests for information, calls
and meetings; client organizational and recordkeeping skills and capacity; and market prices for comparable
Services. The total annual Fee for our combined Professional Services generally varies between 1.00% and 1.75%.
Professional Services Fee Differences
Because ICW negotiates the price of Professional Services based upon the preceding various objective
and subjective factors, similarly situated clients could pay a different negotiated Fee than ICW’s other
clients, and the Services to be provided by ICW to any particular client could be available from other
advisors at lower fees.
Additionally, ICW may charge and reserve the right to charge a different Professional Services Fee, a fixed Fee,
or waive our Fee entirely on an individual Account basis based upon certain criteria (i.e., anticipated future
earning capacity, anticipated future additional assets, related Accounts, grandfathered fees and fee schedules,
ICW employees and family members, and pro bono and professional courtesy Accounts, etc.).
Professional Services Written Agreement
Our Professional Services Fee and the terms, conditions and arrangements of each client engagement are explained
in a written professional services agreement (“Professional Services Agreement,” “Agreement” or “PSA”) signed by
both of us. The Agreement includes a schedule of applicable custodial and trading costs and other fees (see below).
How We Are Paid for our Professional Services
ICW requires clients to maintain and fund an Account with a custodian unaffiliated with our Firm and qualified
by the SEC (registered Broker-Dealers, trust companies, banks, mutual fund companies, etc., collectively
referred to as “Qualified Custodians”) and provide written authorization to ICW to permit the Qualified
Custodian to deduct our Professional Services Fee payable to ICW when it becomes due, as ICW requests
by direct debit from Account(s). ICW advises clients that they are responsible for verifying the accuracy of
their Accounts and our Fee calculations and deductions and that Qualified Custodians will not verify that
ICW’s Fee is accurately calculated or deducted (see Items 4, 13 and 15).
ICW prorates its annual Fee monthly (1/12th of the annual Fee) and charges and collects it in advance at the
beginning of the month, based upon Account or asset values reported by the client’s Qualified Custodians
on the last trading day of the preceding month.
Intelligent Capitalworks                                                                                                5
                             © 2026 ICW Investment Advisors, LLC. All rights reserved.

    Calculation of an Initial Professional Services Monthly Fee and Account and/or Agreement Termination
    The Professional Services Fee for any initial partial month of Professional Services for an Account or asset shall be
    based on the number of days ICW provided Professional Services in the partial month and calculated on a pro rata
    basis based upon the Client’s Fee for the first full month of Professional Services for that Account or asset, and
    collected with and in addition to, ICW’s Fee for the first full month of Professional Services for that Account or asset.
    Agreements with ICW will continue in effect until either of us receives notice from the other to terminate our
    Professional Services with respect to an Account or our Agreement, pursuant to the terms, conditions and
    arrangements of our Agreement. Upon notice of termination of our Professional Services for an Account or
    asset, we shall promptly charge any earned but not yet billed and collected Fees plus an Account termination
    Fee of $200 per Account and refund any unearned pre-paid Fees on a pro rata basis, as appropriate. The
    Account termination Fee helps contribute toward the multi-year post-closing costs of regulatory recordkeeping
...

Item 7 – Types of Clients
We generally provide our Professional Services to high-net-worth and very-high-net-worth individual
investors for a variety of their related Account types, including, but not limited to, their individual Accounts,
joint and community property Accounts, personal trusts, family trusts, family partnerships, retirement
Accounts, Qualified Plans, family foundations and donor-advised charitable trusts.
We generally require $5 million in total investable assets across all Accounts in a household, however, we
may negotiate this amount depending upon a variety of factors.