Johnson Wealth Management LLC

Fees and Compensation
   Description
      JWM bases its fees on hourly fees, a percentage of assets under
      management, and fixed fees.
       Financial plans are billed hourly based on the time necessary to complete and
       implement the plan. The fee for a financial plan is based on the time required
       to complete and present the plan to the client. The current hourly rate is $225.
       An initial consultation is offered at no charge. During the initial meeting the
       client will be provided an estimate of time to complete a plan based on their
       needs. Since financial planning is a discovery process, situations occur
       wherein the client is unaware of certain financial exposures or predicaments.
       After JWM has completed the initial financial plan and the client pays for the
       work completed, any subsequent financial planning sessions requested by

                           Johnson Wealth Management, LLC

    the client will be billed at the firm’s current hourly rate unless the client
    engages JWM for investment advisory services. In this case, the client will
    switch to investment advisory fees as described below, and future services
    will be covered by the investment advisory fees.
    Although the Investment Advisory Agreement is an ongoing agreement and
    constant adjustments are required, the length of service to the client is at the
    client’s discretion. If the management of the Account commences during the
    calendar quarter, the first quarterly fee will typically begin at the beginning of
    the next calendar quarter. The fee will be equal to the respective percentage
    per annum below based on the Account’s net asset value on the last day of
    the calendar quarter:
             1.00% on the first $1,000,000;
             0.75% on the next $1,000,000 (from 1,000,001 to 2,000,000);
             0.45% on the next $3,000,000 (from $2,000,001 to $5,000,000); and
             0.30% on the assets above $5,000,000.
    Certain qualified retirement plans are charged a fee based on a percentage of
    investable assets according to the following schedule:
             0.75% on the first $1,000,000 and
             0.50% on the assets above $1,000,000.

    Some fixed fees may be priced based on the complexity of work, especially
    when asset management is not the most significant part of the relationship.
    There is no minimum annual fee. Current client relationships may exist where
    the fees are higher or lower than the fee schedule above.
    Fees are negotiable.
    For clients referred by JWM to a subadvisor, the client’s fee can be deducted
    from the client’s account[s] by JWM or the subadvisor.

Fee Billing
    Investment management fees are billed quarterly, in advance, meaning that
    we invoice you before the three-month billing period has ended. Payment in
    full is expected upon invoice presentation. Fees are usually deducted from a
    designated client account to facilitate billing. The client must consent in
    advance to direct debiting of their investment account.
    Fees for financial plans are billed upon completion with the balance due
    within 30 days of billing.

Other Fees
    Custodians may charge transaction fees on purchases or sales of certain
    mutual funds and exchange-traded funds. These transaction charges are

                        Johnson Wealth Management, LLC

       usually small and incidental to the purchase or sale of a security. The
       selection of the security is more important than the nominal fee that the
       custodian charges to buy or sell the security.
       JWM, in its sole discretion, may waive its minimum fee and/or charge a lesser
       investment advisory fee based upon certain criteria (e.g., historical
       relationship, type of assets, anticipated future earning capacity, anticipated
       future additional assets, dollar amounts of assets to be managed, related
       accounts, account composition, negotiations with clients, etc.).

   Expense Ratios
      Mutual funds generally charge a management fee for their services as
      investment managers. The management fee is called an expense ratio. For
      example, an expense ratio of 0.50 means that the mutual fund company
      charges 0.5% for their services. These fees are in addition to the fees paid
      by you to JWM.
       Performance figures quoted by mutual fund companies in various publications
       are after their fees have been deducted.

   Past Due Accounts and Termination of Agreement
       JWM reserves the right to stop work on any account that is more than 90
       days overdue. In addition, JWM reserves the right to terminate any financial
       planning engagement where a client has willfully concealed or has refused to
       provide pertinent information about financial situations when necessary and
       appropriate, in JWM’s judgment, to providing proper financial advice. Any
       unused portion of fees collected in advance will be refunded within 30 days.

Types of Clients
   Description
      JWM generally provides investment advice to individuals, pension and profit
      sharing plans, trusts, estates, charitable organizations, corporations and other
      business entities.

                           Johnson Wealth Management, LLC

        Client relationships vary in scope and length of service.

   Account Minimums
      The minimum account size is $500,000 of assets under management, which
      equates to an annual fee of $5,000.
        JWM has the discretion to waive the account minimum. Exceptions will apply
        to employees of JWM and their relatives, or relatives of existing clients.

Methods of Analysis, Investment Strategies and Risk of Loss