Jessup Wealth Management Inc

Item 5 – Fees and Compensation
Asset Management Programs
Clients who elect to receive asset management services through one or more of Jessup Wealth
Management’s asset management programs will generally pay Jessup Wealth Management and their
advisor for those services with an annual asset management fee based on a percentage of assets under
management, including cash and money market positions. The maximum advisory fee that can be charged
in any of our firm’s managed account program is listed in the fee schedule below. For accounts in custody
at Schwab or a custodian other than NFS, JWM assesses an annual platform (aka infrastructure or
administrative) fee designed to help offset the administrative costs associated with managing client
assets, including trade execution and reporting. This annual platform fee for non-NFS accounts ranges

from .01% to .05% and is calculated based on the client’s total assets using a blended tier schedule as
outlined in the client’s advisory agreement.

Certain managed account programs have lower maximum annual fee amounts, and fee schedules will vary
among programs. Clients are urged to carefully review and discuss the contents of this Brochure with
their advisor, including descriptions of the various programs and services offered, the fees and charges
clients will pay, the means by which Jessup Wealth Management and your advisor are compensated, and
the conflicts of interest that exist between the client and Jessup Wealth Management and your advisor
in respect to each program or service offered, to determine the most appropriate programs or services
for your specific needs.

JWM uses a breakpoint management fee schedule, meaning the entire account is charged the same
advisory fee. Investment management fees for Commonwealth program accounts are billed quarterly in
advance based on the amount of assets managed at the close of business on the last business day of the
previous billing period. Investment advisory fees for accounts managed by JWM at Schwab are billed
monthly in arrears based on the average daily account balance. Lastly, please note that JWM may group
certain related Client accounts, often known as “householding”, for the purposes of achieving the
minimum annualized fee.

        Assets Under Management                        Annual Fee

        Less than $1,000,000                           2.00%

        $100,000,000 - $2,000,000                      1.75%

        $2,000,000 - $3,000,000                        1.50%

        $3,000,000 - $5,000,000                         1.25%

        $5,000,000 - $7,500,000                        1.00%

        $7,500,000 - $15,000,000                       .85%

        $15,000,000 +                                  .75%

All JWM advisory program fees are negotiable. Clients may also be billed on a fixed fee basis rather than
using one of the firm’s standard fee schedules as may be agreed to by the firm and the client. Platform
fees (if applicable), transaction charges and other account-related fees assessed by Commonwealth,
JWM, or Schwab are not negotiable. JWM may waive all or a portion of the advisory and/or program
fee, whether on an ongoing or a one-time basis, in its sole discretion. In the event a client terminates an
advisory agreement with JWM, any unearned fees resulting from payments made by clients in advance
will be refunded to the client. Likewise, in the event JWM bills clients in arrears for services that have
already been rendered, JWM will prorate such fees up to the termination date of the advisory
agreement.

All Jessup Wealth Management advisory program fees are negotiable. Clients may also be billed on a
fixed fee basis rather than using one of the firm’s standard fee schedules as may be agreed to by the

   firm and the client. Platform fees (if applicable), transaction charges and other account-related fees
   assessed by the account custodian, Commonwealth, or JWM are not negotiable. Jessup Wealth
   Management may waive all or a portion of the advisory program and/or program fee, whether on an
   ongoing or a one-time basis, in its sole discretion. In the event a client terminates an advisory agreement
   with Jessup Wealth Management, any unearned fees resulting from payments made by clients in
   advance will be refunded to the client. Likewise, in the event Jessup Wealth Management bills clients in
   arrears for services that have already been rendered, Jessup Wealth Management will prorate such fees
   up to the termination date of the advisory agreement.

Financial Planning Programs

   Financial Planning Services
   Our standard fees for financial planning services are as follows:

    Service                                             Fee
    Customized Personal Financial Plan                  $500
    Updated to Customized Personal Financial Plan       $250
    Outside Account Recommendations                     $125
    Complex Analysis and Advice*                        $400 per hour

   *Services falling under “Complex Analysis and Advice” are beyond the scope of normal planning services
   and/or proactive management of your portfolio. Authorization is obtained in advance for work done in
   these scenarios.

   Retirement Plan Consulting
   The Commonwealth Retirement Plan Consulting Program provides clients with the option of paying an
   annual fee for ongoing services based on a percentage of assets under advisement, a flat fee, or an hourly
   rate not to exceed $500. The fee amount a client will pay is negotiable between the client and the advisor
   and will be associated with all services provided by the advisor under the Retirement Plan Consulting
   Agreement. Fees may be paid directly from qualified plan assets or may be direct billed, as agreed
   between the client and the advisor qualified plan assets or may be direct billed, as agreed between the
   client and the advisor.

   Managed Account Fee Collection Process
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Item 7 – Types of Clients
Jessup Wealth Management generally provides advisory services to the following types of clients:

    •   Individuals (other than high net worth individuals)
    •   High net worth individuals
    •   Pension and profit-sharing plans
    •   Charitable organizations
    •   Other investment advisers
    •   Corporations or other businesses not listed above

Jessup Wealth Management’s managed account programs generally have a $1,000,000 minimum
investment requirement. In some cases, account balances may be combined at the household level to
satisfy the account minimum. Jessup Wealth Management reserves the right to waive the minimum
investment requirement for any reason in our sole discretion.