Independent Wealth Network Inc

Item 5: Fees and Compensation
We establish our fee arrangements with the client in our written Investment Advisory Agreement.
Independent Wealth Network, Inc. receives fees and compensation in multiple ways depending on the
advisory services chosen by the client. The Firm offers no assurances that lower fees for comparable services
may or may not be available elsewhere, or that the negotiated fee is not in excess of the industry norm.

Fee Schedule - Financial Planning and Consulting
Compensation for Financial Planning or Financial Consulting Services deemed extraordinary by the IAR is
defined in the Financial Planning & Consulting Agreement. The fee is not based on a percentage of the client’s
assets. Fees are negotiated based on the complexity of the client’s financial condition, special project or the
plan or service. The scope of service will determine if the fee will be a single fee for service, an hourly fee for
service, or retainer fee for a period of time (not to exceed six months). Plans must be delivered within six
months of contract execution.

Either the IAR or a client may terminate services upon written notice to the other party. Our Financial
Planning & Consulting Agreement may be terminated without cost or penalty. If the client terminates after
IAR has provided services but prior to the time for which payment is due, then all fees due for services already
provided under the agreement will be immediately due.

After the termination date, IWN and the IAR will have no further duties or obligations to the client under the
Financial Planning & Consulting Agreement.

Fee Schedule – Wealth Management
IWN is compensated with fees based on a percentage of the average daily value of eligible assets in the
account for each previous month. The fee is deducted directly from the client's account unless otherwise
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specified in the Investment Advisory Agreement. Compensation is not based on a share of capital gains, or
capital appreciation of any portion of client funds.

IWN charges a Program Fee in addition to the investment management fee charged by the IAR and the asset-
based fee (if any) imposed by the custodian. The IAR is not compensated from the Program Fee and may not
negotiate the Program Fee on behalf of the Advisor. IARs are prohibited from negotiating a fee schedule based
on investment performance within an account.

Management fees are negotiated by the client directly with the IAR providing services on behalf of IWN and
are assessed monthly in arrears based upon the average daily value of the assets during the previous month
unless the account is with a third-party manager and all parties have agreed to an alternative method to pay
fees. Fees will be prorated for any partial month as reflected in the average daily balance for the entire month
period. IWN will not allow IARs to impose a total fee lower than the Firm’s Program Fee of 0.10% of assets per
year or more than 2.50% of assets per year.

Upon notice, whenever there are changes to the fee schedule, the schedule of charges previously in effect
shall continue until the next billing cycle. Client may reject changes in fee schedule by giving written notice to
IWN within 30 days. If rejected, IWN is not obligated to continue services under the previous fee schedule.

Fee Schedule - Held Away Accounts
For IWN services provided to Held Away Accounts (accounts with Custodians other than our primary approved
custodians), IWN will be paid a management fee (fees are negotiated with the IAR providing service on behalf
of IWN) based on the market valuation of the Client’s Account. Fees shall be prorated and paid monthly, in
arrears, based upon the average daily value of the Client’s account(s) during the previous month. If you
engage us any time after the first day of the month, the fee will be prorated for the month as reflected in the
average daily balance for the entire month. Clients with held away accounts must also have an account held at
one of the Firm’s primary approved custodians from which the fees for the held away account will be
deducted. Clients acknowledge that for the Held Away Accounts set forth on the Investment Advisory
Agreement, Pontera Inc. allows the Firm to be able to service the Held Away Accounts and will retain a portion
of the fee collected by IWN.

IWN charges a Program Fee in addition to the investment management fee charged by the IAR. The Program
Fee for held away accounts is higher than accounts held at one of our primary custodians and includes fees
charged to the Firm by Pontera. The IAR is not compensated from the Program Fee and may not negotiate the
Program Fee on behalf of the Advisor. Our Advisors are prohibited from charging a greater total fee for
accounts held away than for accounts held with one of our approved custodians which means that
compensation to the Advisor is reduced by the higher program fee imposed for held away accounts.

Termination of Wealth Management and Advisory Services
The Investment Advisory Agreement may be terminated by IWN, or the client, with a full refund of fees if such
termination occurs within five (5) business days after the Agreement has been signed. Thereafter, the
agreement will continue in effect until terminated by either party, by one party giving written notice to the
other party.

Termination of this Agreement will not affect:
    The validity of any action previously taken by IWN under this Agreement.
    Any liabilities or obligations of the parties from transactions initiated before termination of this
      Agreement; or
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      Client’s obligation to pay advisory fees (prorated through the date of termination). Upon the
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Item 7: Types of Clients
Independent Wealth Network, Inc. provides financial advice and/or Wealth Management services to
individuals and high-net worth individuals, as well as trusts, pension and profit-sharing plans, estates,
charitable organizations, and corporations. We do not require minimums for income, assets, net worth,
length of engagement, or other conditions for engaging our services. We value the relationship between the
client and IAR and do not engage in practices which may interfere with this trusted relationship. If the
relationship is no longer viable, IWN will assist the client in developing a new IAR relationship.

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