Jacobson & Schmitt Advisors LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall enter into one or more written agreements with the Advisor that detail the responsibilities
of JSA and the Client.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
agreement. Wealth management fees are based on the market value of assets under management at the end of
the prior calendar quarter. Wealth management fees are based on the following schedule below, subject to the
minimum annual fee as described in Item 7 – Types of Clients:

                     Assets Under Management                   Annual Rate
                     Up to $500,000                              1.25%
                     $500,001 to $1,000,000                      1.00%
                     $1,000,001 to $5,000,000                    0.75%
                     Over $5,000,000                             0.50%

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take
into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by JSA will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuations to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Financial Planning Services
JSA offers financial planning and consulting services for an annual financial planning fee ranging from $5,000 up
to $50,000. The fee is typically calculated by the Advisor as 0.50% of the Client’s Net Worth excluding the primary
residence PLUS 1.00% of their earned income. Once calculated, the fee is adjusted up or down for the complexity
of the Client’s financial situation and the overall relationship with the Advisor. Fees may be negotiable at the sole
discretion of the Advisor.

Retirement Plan Advisory Services
Fees are calculated as a percentage of assets under management ranging from 0.25% to 1.10% per year, based
on the market value of assets in the plan on the last day of the prior calendar quarter. Fees are negotiable based
on the size and complexity of the services provided to the Plan.

                                           Jacobson & Schmitt Advisors, LLC
                                     8333 Greenway Blvd, Ste 330 Middleton WI 53562
                                       Phone: (608) 662-7500 | Fax: (608) 662-7518
                                                www.jandsadvisors.com/

B. Fee Billing
Wealth Management Services
Wealth management fees will be calculated by the Advisor or its delegate and deducted from the Client’s
account[s] at the Custodian. The Advisor or its delegate shall send an invoice to the Custodian indicating the
amount of the fees to be deducted from the Client’s account[s] at the respective quarter-end date. The amount
due is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under management
with JSA at the end of the prior quarter. Clients will be provided with a statement, at least quarterly, from the
Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify the
accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this
responsibility. Clients provide written authorization permitting advisory fees to be deducted by JSA directly from
their accounts held by the Custodian as part of the wealth management agreement and separate account forms
provided by the Custodian.

Financial Planning Services
Financial planning fees are billed quarterly in advance. The quarterly fee is calculated by dividing the annual fee
by four (4).

Retirement Plan Advisory Services
Retirement plan advisory fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the
Plan, depending on the terms of the retirement plan advisory agreement.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than JSA, in connection with investments
made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities execution fees
charged by the Custodian. Certain of the Advisor's recommended Custodians do not charge securities transaction
fees for ETF and equity trades in Client accounts but typically charge for mutual funds and other types of
investments. The wealth management fee charged by JSA is separate and distinct from these custody and
execution fees. Certain fees and expenses incurred by a Client as a result of transitioning to the firm, may be
rebated at the Advisor’s sole discretion.

In addition, all fees paid to JSA for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A Client may be able to invest in these products directly, without the services of JSA, but would
not receive the services provided by JSA which are designed, among other things, to assist the Client in
...

Item 7 – Types of Clients

JSA provides investment advisory services to individuals, high net worth individuals, trusts, estates, retirement
plans and charitable organizations. JSA generally requires a minimum relationship size of $25,000 and a minimum
annual fee of $1,000. The Advisor may, at its sole discretion, accept relationships of a lower value or charge a
lower annual fee.