Joule Financial LLC

Item 5 Fees and Compensation
Portfolio Management Services
Joule Financial derives revenue through our advisory services by charging a non-negotiable 1%
annual management fee billed quarterly in advance. The pro-rated amount for a client's initial quarter
under management is calculated in arrears at the end of the client's first partial quarter under
management and added to the first full-quarter's advance fee.

    • Example: A client transferring in during February will be billed on April 1 for a pro-rated partial
      quarter for February through March and a full advance quarter for April through June.

To calculate the quarter-end balance on which the fee is derived we use data provided by the
custodian through its website or data download portals and/or the ending balance published on the
custodial statements produced by the client's custodian. The fees billed each quarter are deducted
directly from the client's account at the custodian, unless other arrangements have been made by the
client. Should a client receive advisory services for less than a full quarter, the fee will be pro-rated
accordingly and refunded to the client via check mailed to the address on record.

Joule Financial also offers clients with accounts held at TIAA-CREF the option of having their eligible
"CREF" portion of the account managed by Joule Financial. The fee for this service is 0.50% (half of
one-percent) annually which is billed quarterly, in arrears, based on the ending balance, of only the
managed amount of assets, listed on custodian's quarterly end statement and is non-negotiable.

Joule Financial manages select accounts at Nationwide for clients with an existing relationship with our
firm. Accounts at Nationwide are billed at our standard 1% annual fee, non-negotiable, calculated and
distributed quarterly, in arrears, by Nationwide based on the quarter ending balance.

Joule Financial manages select accounts at Fidelity. Accounts at Fidelity are billed at our standard 1%
annual fee, non-negotiable, calculated and distributed quarterly, in arrears, based on the quarter
ending balance.

Joule Financial is the advisor of record on 401(k) plans administered by Professional Capital Services
("PCS"). The advisory fee assessed by Joule Financial on these accounts is up to 1% annually
depending on plan size and scope. The fee is billed to participants or the employer as laid out in the
individual plan documents, calculated by the administrator, and distributed quarterly by the plan
administrator.

For certain small businesses who utilize a SIMPLE (Savings Incentive Match Plan for Employee) IRA
plan through Joule Financial, the Adviser will charge only the employer a fee for administration of the
plan and investment management for all employees who elect to utilize the Adviser to manage their
account. The set-up fee for the SIMPLE IRA will be $599 and the recurring monthly fee will be $179
billed directly to the business.

Financial Planning Services
Joule Financial provides basic financial planning services at no charge to clients and prospective
clients with the goal to discover the client's current investment allocation, required rate of return for
retirement, and risk temperament. Comprehensive planning which may examine areas such as
investments, insurance, taxes, estate planning, social security, and risk management is offered for a
fee based on 0.30% of the clients' net worth as listed in their planning document, with a $1,495
minimum fee. Fee will be updated yearly, disclosed to the client, and invoiced for each annual plan
review.

All advisory fees paid to Joule Financial for investment advisory services are separate and distinct from
fees and expenses charged by funds (i.e. mutual funds, ETFs) to their shareholders. Also, clients may
incur additional expenses by the custodian, not for the benefit of Joule Financial, including
commissions for trades and fees for special services such as wires and overnight checks. Detailed
information on the custodian specific fees can be found at the individual custodians' website.

While fees are generally non-negotiable, Joule Financial reserves the right to and may at times offer a
discount on fees for certain clients including: family of employees, clients who transfer in certain legacy
investment positions, and others. Discounts are at the Adviser's discretion and will be agreed upon on
a case by case basis. No discounts are given in return for goods and services offered by clients or their
related entities.

Selection of Other Advisers
Advisory fees charged by TPMMs are separate and apart from our 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 Portfolio Management Services section in this brochure. Advisory fees that you pay to the TPMM
are established and payable in accordance with the brochure provided by each TPMM to whom you
are referred. These fees may or may not be negotiable. You should review the recommended TPMM's
brochure and take into consideration the TPMM's fees along with our fees to determine the total
amount of fees associated with this program.

You may be required to sign an agreement directly with the recommended TPMM(s). You may
terminate your advisory relationship with the TPMM according to the terms of your agreement with the
TPMM. You should review each TPMM's brochure for specific information on how you may terminate
your advisory relationship with the TPMM and how you may receive a refund, if applicable. You should
contact the TPMM directly for questions regarding your advisory agreement with the TPMM.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. 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
...

Item 7 Types of Clients
Joule Financial primarily advises the accounts of individuals, trusts, and high net worth individuals.
However up to 10% of our clients are also comprised of pensions or profit-sharing plans and
corporations or other business.

We require a minimum household investment of $500,000 in order to open and maintain an account.
Exceptions to the minimum may be made on a case-by-case basis by the Adviser.