Jim Mackay Financial Planning LLC

Item 5 - Fees and Compensation

Types of Fees
Jim MacKay Financial Planning, LLC, provides services on an hourly basis or a fee based on the
client’s assets under management. The hourly fee for a limited scope financial planning
engagement is $250 per hour, billed in 15 minute increments.

For the Firm’s retainer engagements and for those engagements that provide only investment
management services, the Firm charges a fee based on the market value of the assets under the
Firm’s management determined on the value of those assets at the end of each preceding
calendar quarter according to the following schedule.
$6,000 (First $2,000,000)

(Next $1,000,000 at 0.2%)

(Next $2,000,000 at 0.15%)

(Above $5,000,000 at 0.1%)
The Firm has a minimum annual fee of $6,000. Clients with accounts with less than $2,000,000
may pay a higher fee than that shown here. Fees are negotiable in JMFPs sole discretion based
on such factors as the composition of the client’s account and the relationship of the client with
JMFP. There may be clients under a different fee schedule than that shown here.

Fee Billing
Our fees are debited either by a direct deduction from the client’s account held at the
independent custodian or billed directly to the client and payable by check, credit/debit card, or
bank draft.
For our ongoing engagements, the annual fee is billed in quarterly installments, in advance

When clients provide Jim MacKay Financial Planning, LLC with the authority to deduct its fee
directly from an account held at an independent custodian the client will receive account
statements directly from their account’s custodian containing the amount of the fee deducted.

For hourly services, we require a deposit equal to 50% of the quoted estimated fee. The balance

of the fee is payable immediately upon presentation of recommendations based on the time spent.
For each engagement, proposed services to be provided and an estimated maximum fee are
detailed in a written service agreement.

While we encourage the use of low cost providers, clients will incur fees and expenses from third-
party providers as a result of implementing financial planning recommendations and transactions
in their investment account(s).

Jim MacKay Financial Planning, LLC accepts no fees or payments of any kind from any
investment company or product we recommend. Further, we do not accept referral fees from
others for recommending their services. The only compensation we accept is from the clients we
serve.

Item 7 - Types of Clients

Jim MacKay Financial Planning, LLC provides its services primarily to individuals, married
couples, and other family units. In addition, we will consider institutional clients, organizations,
and charitable groups, when appropriate. We have no minimum requirements for income, assets,
or net worth.