Jackson Thornton Wealth Management LLC

Item 5 – Fees and Compensation

At our sole discretion and subject to approval by the firm’s President, the firm will periodically offer
negotiated fees.

In certain circumstances, all fees may be negotiable based on family relations, firm affiliations or
individual circumstances.

JTWM has contracted with FPAS for services including trade processing, collection of management
fees, record maintenance, report preparation, marketing assistance, and research. JTWM has also
contracted with FPAS for certain sub-advisory services. In certain instances, JTWM pays a fee for
these FPAS services based on management fees paid to JTWM on accounts that use FPAS
services. The fee paid by JTWM to FPAS varies based on the total client assets administered and/or
sub advised by FPAS through JTWM. These fees will not be separately charged to advisory clients
and are included within the advisory fees charged to clients. Under separate fee agreements,
Advisor clients could be charged other fees by FPAS directly.

Clients will be invoiced in advance at the beginning of each calendar quarter based upon the value
(market value or fair market value in the absence of market value; client account balances on which
JTWM calculates fees could differ from account custodial statements based on independent asset
valuations and other accounting variances, including mechanisms for including accrued interest in
account statements) of the client's account at the end of the previous quarter. New accounts are
charged a prorated fee for each remaining day of the quarter. JTWM will request authority from the
client to delegate discretion to trade in the client’s account, and to receive quarterly payments
directly from the client's account held by an independent custodian. Clients must provide written
limited authorization to JTWM or its designated service provider, FPAS, to withdraw fees from the
account. JTWM will send to such clients an invoice showing the amount of the fee, the value of the
client's assets on which the fee was based, and the specific manner in which the fee was calculated.
Clients should verify the accuracy of the fee calculations in such invoices.

A client agreement may be canceled at any time, for any reason, and by either party upon receipt of
thirty (30) days’ written notice. Upon termination of any account with thirty (30) days’ written notice,
fees will be refunded pro rata to client based upon the number of days client used JTWM's services
during the period.

All fees paid to JTWM for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds to their shareholders. These fees and expenses are described in
each fund's prospectus. These fees will generally include a management fee, other fund expenses,
and a possible distribution fee. A client could invest in mutual funds directly, without the services of
JTWM. In that case, the client would not receive the services provided by JTWM which are
designed, among other things, to assist the client in determining which mutual fund or funds are
most appropriate to each client's financial condition and objectives. DFA funds are not always
available to the client directly.

Accordingly, the client should review both the fees charged by the funds and the fees charged by
JTWM to fully understand the total amount of fees to be paid by the client and to thereby evaluate
the advisory services being provided.

Independent Manager Fees

As stated above in Item 4, JTWM (in coordination with the client) could decide to implement DFA as
an Independent Manager for the management of portfolios of individual securities. In these instances,
DFA will charge its own separate and distinct fee from JTWM’s advisory fees, which are noted
below. Clients grant DFA authority at the client’s custodian for DFA to directly debit client accounts
for DFA’s fee.

Additionally, clients are required to sign an advisory agreement addendum with JTWM which outlines
these additional fees.

Advisory Fees

Investment Management Services

The annual fee for JTWM’s investment management services is charged on a quarterly basis and is
based on a percentage of the assets under management/advisement and typically ranges from
0.35% to 1.25% per year depending on the size and complexity of the client's accounts as well as
services required, specifically negotiated fees and historically grandfathered fee schedules. Fees will
typically be tiered and the fee is calculated by applying a different fee rate to each corresponding
range of account balance of the portfolio.

The specific fee schedule charged by JTWM is established in a client’s written agreement with
JTWM.

Advisory fees shall apply to cash balances unless negotiated or agreed upon otherwise. As agreed
between JTWM and Client, individual accounts for immediate family members are aggregated, and
the fee is charged based on the total value of all family members’ accounts.

Employee Benefit Retirement Plan Services for Daily Participant‐Directed Plans

The annual fee for plan services will be charged as a percentage of assets within the plan.

       Assets Under Advisement FPAS Annual Fee JTWM Annual Fee                      Total Fee
      On the first $1,000,000      0.20%           0.70%                             0.90%
      On the next $4,000,000       0.15%           0.45%                             0.60%
      On the next $5,000,000       0.08%           0.25%                             0.33%
      On all amounts above         0.05%           0.15%                             0.20%
      $10,000,000

Item 7 – Types of Clients

JTWM manages investment portfolios for individuals, qualified retirement plans, charitable
organizations, private foundations, trusts and small businesses