JFG Wealth Management LLC

Item 5 Fees and Compensation
   Investment Management

JFG Wealth Management, LLC is paid based on assets under management, and not the activity level
of an account. The management fee will be automatically debited from the account at the beginning of
each quarter, as authorized in writing by the client. When using private funds and separately managed

accounts, clients may pay two management fees, one to the private fund and one to JFG Wealth
Management, LLC. We generally require that clients have a minimum of $10 million in liquid assets
managed by JFG Wealth Management, LLC to start or maintain an account. If the value of the Client
account is less than $10 million, Adviser will charge Client a $20,000 minimum fee per quarter (equal
to one quarter of the stated annualized fee of 0.80% of account minimum of $10 million). Under certain
circumstances, we may accept new investment management relationships below this minimum. Fees
are generally non-negotiable, although we reserve the right at our sole discretion to negotiate the fees
lower. Agreed-upon fees will be stated in the written agreement signed by the client.

Fees are calculated as a percentage of the fair market value of the securities held in the account at the
end of each quarter, and paid in advance or arrears, as specified in the advisory contract. When
services commence other than at the beginning of a quarter, the fee charged at the end of that quarter
will be pro-rated so that the client is only charged for services rendered from the date the client
contract was executed to the end of the quarter. If services are terminated before the end of the
quarter, the fee will be prorated for that quarter (i.e. if services are terminated on the 18th day of the
quarter, the fee charged will be 18 days/the number of days in the quarter * quarterly fee). Clients are
charged as households and thus receive the applicable price breaks taking into account all of the
assets in the household accounts that JFG Wealth Management, LLC manages. The annual tiered fee
schedule is as follows:

     Total Market Value of                        Annual                           Quarterly
   Assets Under Management                         Fee                                Fee
       First $10,000,000                          0.80%                             0.20%
       Next $20,000,000                           0.70%                             0.175%
   Amounts over $30,000,000                       0.35%                            0.0875%

JFG Wealth Management, LLC generally pro-rates fees to reflect contributions or withdrawals of
account assets during a single billing period.

Ongoing investment management fees (as detailed in the JFG Wealth Management, LLC Investment
Advisory Agreement) are charged on the total value of all assets invested in our Investment
Management service including the value of your private investments which are calculated based on the
most recent available value at the beginning of each quarter. We do not receive any additional
compensation for recommending private investments. Fees charged by private investments are
separate and apart from our advisory fees. You should refer to the offering documents for a full
description of the applicable fees, including performance-based fees, management fees, and expenses
charged to the respective private fund.

The fees that you pay to our firm for investment advisory services are separate and distinct from the
fees and expenses charged by mutual funds or exchange traded funds (described in each fund's
prospectus) to their shareholders. These fees will generally include a management fee and other fund
expenses. Other types of fees that clients may incur include brokerage and transaction fees when
purchasing or selling securities. These charges and fees are typically imposed by the broker-dealer or
custodian through whom your account transactions are executed. when purchasing or selling
securities. We do not share in any portion of the brokerage fees/transaction charges imposed by the
broker-dealer or custodian.

JFG may also trade certain client accounts on margin. Each client must sign a separate margin
agreement with the custodian before margin is extended to that client account. JFG generally does not
use margin to purchase additional securities in client accounts, rather we use margin when appropriate
to manage immediate cash flow needs (for example, insufficient cash available to fulfill a client

request) and then rebalance the portfolio as appropriate. Investment advisory fees are based on the
total market value of the account. While a negative amount may show on a client's statement for the
margin debit as the result of a lower net market value, the amount of the fee is calculated based on the
absolute market value. This creates a potential conflict of interest where we have an incentive to
encourage the use of margin to create a higher market value and therefore receive a higher fee
however this conflict is mitigated since JFG uses margin for accommodating cash flow needs rather
than for the purchase of additional securities. The use of margin will result in interest charges in
addition to all other fees and expenses.

Financial Planning and Family Office Services are included as a part of our Investment Management
service under the above fee schedule.

Our basic Human Capital services and tools are available through your adviser at no additional fee.
For a more personalized approach, clients can enter into a separate engagement letter for an
additional fee. The fee depends on the services the client chooses.

   Selection of Other Advisers

Advisory fees charged by TPMMs are separate and apart from JFG Wealth Management, LLC's
advisory fees. Assets managed by TPMMs will be included in calculating our advisory fee, which is
based on the fee schedule set forth in the Investment Management section in this brochure. Advisory
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Item 7 Types of Clients
JFG Wealth Management, LLC provides investment advice to high net worth individuals and charitable
organizations. JFG Wealth Management generally has a minimum account size of $10,000,000, which
can be waived at our sole discretion.