Innovative Wealth Building LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management                  Annual Fee

        $0 - $1,000,000.00                             0.90%

        $1,000,000.01 - $2,000,000.00                  0.85%

        $2,000,000.01 - $3,000,000.00                  0.80%

        $3,000,000.01 - $4,000,000.00                  0.75%

        $4,000,000.01 - $5,000,000.00                  0.70%

        $5,000,000.01 - $10,000,000.00                 0.60%

        $10,000,000.01 AND UP                          0.50%

The advisory fee is calculated using the value of the assets in the Account based on a
billing period ending on the 23rd of each month. The fees are negotiable.

The final fee schedule will be memorialized in the client’s advisory agreement. Clients
may terminate the Investment Advisory Contract immediately upon written notice.

Financial Planning & Consulting Fees

Fixed & Hourly Fees

The fixed rate for financial planning and consulting services is between $300 and $2,500.
The hourly rate for financial planning and consulting services is between $50 and $500.

The fees are negotiable and the final fee schedule will be disclosed in the Financial
Planning & Consulting Agreement. Clients may terminate the Financial Planning &
Consulting Agreement generally 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Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis, based on a billing period ending
on the 23rd of each month. Fees are paid in advance.

Payment of Financial Planning & Consulting Fees

Financial planning & consulting fees are paid via ACH, check, or credit/ debit card.

Fixed and hourly financial planning & consulting fees are paid 100% in advance, but never
more than six months in advance.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third-party fees (i.e., custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by IWB. Please see Item 12 of this brochure
regarding broker-dealer/custodian.

D. Prepayment of Fees

IWB collects fees in advance. Refunds for fees paid in advance but not yet earned will be
refunded on a prorated basis and returned to the client via check, or return deposit back
into the client’s account.

For all asset-based fees paid in advance, the fee refunded will be equal to the balance of
the fees collected in advance minus the daily rate* times the number of days elapsed in
the billing period up to and including the day of termination. (*The daily rate is calculated
by dividing the annual asset-based fee rate by 365.)

Fixed fees that are collected in advance will be refunded based on the prorated amount of
work completed at the point of termination.

For hourly fees that are collected in advance, the fee refunded will be the balance of the
fees collected in advance minus the hourly rate times the number of hours of work that
has been completed up to and including the day of termination.

E. Outside Compensation For the Sale of Securities to Clients

The investment adviser representatives of our firm are licensed, independent insurance
agents (see Item 10 below). As such, they earn commission-based compensation for selling
insurance products, including insurance products sold to clients. Insurance commissions
earned by investment adviser representatives are separate and in addition to our advisory
fees. This practice presents a conflict of interest as the investment adviser representatives
has an incentive to recommend insurance products to a client for the purpose of
generating commissions rather than solely based on the client’s needs. Clients are under
no obligation, contractually or otherwise, to purchase insurance products through any
person associated with IWB.

Item 7: Types of Clients

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

       ❖      Individuals
       ❖      High-Net-Worth Individuals
       ❖      Charitable Organizations

There is no account minimum for any of IWB’s services.