Jeppson Wealth Management LLC

ITEM 5. FEES AND COMPENSATION
       Jeppson Wealth Management offers services on a fee basis, which may include fixed and/or hourly fees,
       as well as fees based upon assets under management or advisement.

       Wealth Management Fees
       Jeppson Wealth Management offers investment management for an annual fee based on the amount of
       assets under management. This management fee generally varies between 25 and 150 basis points
       (0.25% - 1.50%), depending on the size and composition of a client’s portfolio and the type of services
       rendered.
       The annual fee is prorated and charged monthly, in advance, based upon the market value of the assets
       being managed by the Firm on the last day of the previous billing period.

       If assets in excess of $10,000 are deposited into or withdrawn from an account after the inception of a

Jeppson Wealth Management, LLC Disclosure Brochure                                                    January 1, 2026 – v1

       billing period, the fee payable with respect to such assets is adjusted to reflect the interim change in
       portfolio value. For the initial period of an engagement, the fee is calculated on a pro rata basis. In the
       event the advisory agreement is terminated, the fee for the final billing period is prorated through the
       effective date of the termination and the outstanding or unearned portion of the fee is charged or
       refunded to the client, as appropriate.

       Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
       held-away assets, accommodation accounts, alternative investments, etc.), Jeppson Wealth Management
       may negotiate a fee rate that differs from the range set forth above.

       Fee Discretion
       Jeppson Wealth Management may, in its sole discretion, negotiate to charge a lesser fee based upon
       certain criteria, such as anticipated future earning capacity, anticipated future additional assets, dollar
       amount of assets to be managed, related accounts, account composition, pre-existing/legacy client
       relationship, account retention and pro bono activities.

       Additional Fees and Expenses
       In addition to the advisory fees paid to the Firm, clients may also incur certain charges imposed by other
       third parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
       (collectively “Financial Institutions”). These additional charges may include securities brokerage
       commissions, transaction fees, custodial fees, fees attributable to alternative assets, reporting charges,
       fees charged by the Independent Managers, margin costs, charges imposed directly by a mutual fund or
       ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund
       expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund
       fees, and other fees and taxes on brokerage accounts and securities transactions. The firm regularly
       reviews accounts that have transferred different share classes of mutual funds and will convert share
       classes to a lower expense share class when we believe doing so would be beneficial to the client. The
       Firm’s brokerage practices are described at length in Item 12 below.

       Direct Fee Debit
       Clients generally provide Jeppson Wealth Management with the authority to directly debit their accounts
       for payment of the investment advisory fees. The Financial Institutions that act as the qualified custodian
       for client accounts, from which the Firm retains the authority to directly deduct fees, have agreed to send
       statements to clients not less than quarterly detailing all account transactions, including any amounts paid
       to the Firm.

       Account Additions and Withdrawals
       Clients may make additions to and withdrawals from their account at any time, subject to Jeppson Wealth
       Management’s right to terminate an account. Additions may be in cash or securities provided that the
       Firm reserves the right to liquidate any transferred securities or declines to accept particular securities
       into a client’s account. Clients may withdraw account assets on notice to the Firm, subject to the usual

Jeppson Wealth Management, LLC Disclosure Brochure                                                   January 1, 2026 – v1

       and customary securities settlement procedures. However, the Firm generally designs its portfolios as
       long-term investments and the withdrawal of assets may impair the achievement of a client’s investment
       objectives. Jeppson Wealth Management may consult with its clients about the options and implications
       of transferring securities. Clients are advised that when transferred securities are liquidated, they may be
       subject to transaction fees, short-term redemption fees, fees assessed at the mutual fund level (e.g.,
       contingent deferred sales charges) and/or tax ramifications.

ITEM 7. TYPES OF CLIENTS
       Jeppson Wealth Management offers investment advice to individuals, pension and profit-sharing plans,
       trusts, estates, charitable organizations, corporations, and other business entities.

       Minimum Account Requirements
       The Firm does not impose a stated minimum fee or minimum portfolio value for starting and maintaining
       an investment management relationship.