Iwealth Financial LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Investment Management:

The maximum annual fee to be charged to the client’s account(s) will not exceed 1.90%. The fee to be
assessed to each account will be detailed in the client’s signed advisory agreement, LPL Account
Application, or LPL Tiered Fee Authorization form. For our clients with assets held with LPL Financial
LLC (“LPL”), fees are billed on a pro-rata basis quarterly in advance based on the value of the
account(s) on the last day of the previous quarter. For our clients with assets held with SEI
Investments Company (“SEI”), fees are billed on a pro-rata basis quarterly in arrears based on the
value of the account(s) on the last day of the previous quarter. Fees are negotiable and will be
deducted from the account(s). Adjustments will be made for deposits and withdrawals during the
quarter. If accounts are opened during the quarter, the pro-rata advisory fees will be deducted during
the next regularly scheduled billing cycle. As part of this process, Clients understand the following:

    a) LPL as the client’s custodian sends statements at least quarterly, showing all disbursements
       for each account, including the amount of the advisory fees paid to our firm;
    b) Clients provide authorization permitting LPL to deduct these fees;
    c) LPL calculates the advisory fees for all fee schedules and deducts them from the client’s
       account.

The maximum combined fee shall not exceed 2.50%. Fees charged for third party manager services
shall be in addition to our advisory fees. The third-party money managers we recommend will not
directly charge you a higher fee than they would have charged without us introducing you to them.
Third party money managers establish and maintain their own separate billing processes over which
we have no control. In general, they will directly bill you and describe how this works in their
separate written disclosure documents.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services which
may be waived for Investment Management clients. The total estimated fee, as well as the ultimate
fee charged, is based on the scope and complexity of our engagement with the client. The maximum
hourly fee to be charged will not exceed $500. Flat fees will not exceed $50,000. The fee-paying
arrangements will be determined on a case-by-case basis and will be detailed in the signed Financia
planning/consulting agreement. Our firm will not require a retainer exceeding $1,200 when services
cannot be rendered within 6 months.

Retirement Plan Consulting:

Our Retirement Plan Consulting services are billed on an hourly or flat fee basis or a fee based on the
percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. Fees based on a

ADV Part 2A – Firm Brochure

                                                  iWealth Financial, LLC

percentage of managed Plan assets will not exceed 1.00%. The fee-paying arrangements will be
determined on a case-by-case basis and will be detailed in the signed consulting agreement.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, either based on a
percentage of the dollar amount of assets in the account(s) or via individual transaction charges.
These transaction fees are separate from our firm’s advisory fees and will be disclosed by the chosen
custodian.

Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction fees for U.S. listed equities and
exchange traded funds.

LPL offers a trading platform with select exchange traded funds (“ETFs”) that do not charge
transaction fees. The no-transaction-fee ETF trading platform is available to clients participating in
LPL Financial’s Strategic Wealth Management (“SWM”) programs. Clients will be subject to
transaction fees charged by LPL Financial for ETFs not included in LPL Financial’s platform and for
other types of securities. The limited number of ETFs available on LPL Financial’s no-transaction fee
platform may have higher overall expenses than other types of securities and ETFs not included in
the platform. Other major custodians have eliminated transaction fees for all ETFs and U.S. listed
equities, so clients may pay more for investing in the same securities at LPL Financial.

SEI may charge transaction fees for certain investments based on the type of client account.
Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our firm
does not receive a portion of these fees.

Termination & Refunds

Either party may terminate the signed advisory agreement at any time. Upon receipt of your notice
of termination, LPL will process a pro-rate refund of the unearned portion of the advisory fees
charged in advance at the beginning of the quarter.

Financial Planning & Consulting clients may terminate their agreement at any time before the
delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work
performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.
Clients will receive a pro-rata refund of unearned fees based on the time and effort expended by our
firm.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
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Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Pension and Profit-Sharing Plans;
   • Corporations, Limited Liability Companies and/or Other Business Types

ADV Part 2A – Firm Brochure

                                                  iWealth Financial, LLC

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.