Kaiser Wealth Management

ITEM 5. FEES AND COMPENSATION
INVESTMENT ADVISOR REPRESENTATIVE MANAGED PROGRAM
The client will have the choice to pay the annualized fee quarterly in advance, with no fees over
$1,200 being collected more than six months in advance, or the annualized fee may be paid in
arrears. The Fee charged to the account is negotiable and is disclosed in the Client Services
Agreement in accordance with the maximum annualized schedule as follows:
                       Portfolio Value                Maximum Fee
                       $25,000 - $100,000                  2.50%
                       $100,001 – $150,000                 2.50%
                       $150,001 - $250,000                 2.50%
                       $250,001 - $500,000                 2.50%
                       Over $1,000,000                     2.50%

The first Fee payment is due in the calendar quarter in which the agreement is executed. The Fee
is pro-rated in the event that the Client Services Agreement is executed at any time other than the
first day of the calendar quarter. Subsequent Fee payments are calculated as set forth in the
Client Services Agreement and are debited from the account on the first day of each calendar
quarter.
For those clients choosing to have their account billed in arrears, the fee is calculated on the
ending market value of the assets in the account during the initial billing period. This fee is due
on the first day of the calendar quarter following establishment of your account and will be
assessed pro rata in the event the account is opened at any time other than the first day of the
calendar quarter. Subsequent payments are due and will be assessed quarterly in arrears on the
first day of the calendar quarter based on the ending account value of assets for the previous
quarter.
The Fee covers Kaiser Wealth Management’s and the Investment Advisor Representative’s asset
management and administrative services. A portion of the Fee is retained by Kaiser Wealth
Management and the remainder is paid to the Investment Advisor Representative. Kaiser Wealth
Management may share its portion of the Fee with its Clearing Firms. In addition to the Fee,
there may be additional charges including but are not limited to;
              transaction charges,
              charges imposed by third parties such as contingent deferred sales charges on
               mutual funds purchased prior to their deposit to the account,
              debit balances,
              related margin interest,
              certain custodial fees,

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              SEC fees,
              fees or taxes required by law
These charges may be higher or lower than transaction charges or commissions at other broker-
dealers. Some Investment Advisor Representatives may absorb the transaction charge on behalf
of client, or may decide to offset the transaction charge from the Fee at the time of billing.
Geneos Wealth Management, our broker/dealer, will act as broker for transactions in these
accounts and will be paid a ticket charge or commission out of your accounts for each
transaction. The amount of this compensation will vary depending upon the circumstances of the
transaction but will typically be $18 per trade. Geneos Wealth Management and Pershing may
receive portions of the transaction charges. This compensation is not shared with the Investment
Advisor Representative. Kaiser Wealth Management may have a potential conflict of interest
therefore; Kaiser Wealth Management monitors the amount of activity in its advisory accounts
on a periodic basis.
Fees will be deducted directly from the client’s account. The fee will be payable first from the
free credit balance, money market funds or cash equivalents, if any, and second from the
liquidation of client assets. The Clearing Firms will pay Geneos Wealth Management, who pays
Kaiser Wealth Management, who pays the Investment Advisor Representative. The client will
be provided, at least quarterly, with an account statement reflecting the Fee amount and
transaction charges that have been debited.
The client can terminate discretionary authority through written notice both to the Investment
Advisor Representative and Kaiser Wealth Management.
The Client Services Agreement may be terminated by either party at any time upon written
notice to the other. The procedures and conditions for termination are described in the
agreement.
When a Client Services Agreement has been terminated, transactions will be processed at
prevailing brokerage rates. Client will be entitled to a prorated refund of any pre-paid quarterly
account fee based on the number of days remaining in the quarterly termination date. Client will
be responsible for any fees and charges incurred by client from third parties as a result of
maintaining the account such as transaction fees for any securities transactions executed and
account maintenance or custodial fees. Upon termination, it is the client's responsibility to
monitor the account assets. Neither Kaiser Wealth Management nor the Investment Advisor
Representative will have any further obligation to act or advise client with respect to the account
assets.

THIRD PARTY MANAGED PROGRAMS
Kaiser Wealth Management and the Investment Advisor Representative receive compensation
pursuant to Kaiser Wealth Management s' agreements with the Third Party Manager for
introducing Client to the investment programs and for ongoing services provided to client. This
compensation, which is disclosed to the client in a separate disclosure document provided by the
Third Party Manager, is typically equal to a percentage of the investment advisory fee or fixed
fee charged by that Third Party Manager.
Because Kaiser Wealth Management and the Investment Advisor Representative receive
compensation from these Third Party Managers for referring Clients and compensation may
...

ITEM 7. TYPES OF CLIENTS
Kaiser Wealth Management’s clients generally may entail individuals, corporations,
partnerships, institutional, trusts, state or municipal government entities, etc. Investment advice
and services are tailored to the stated objectives of the client account and is determined by the
areas of expertise of the Investment Advisor Representative providing the advice. For this
reason, the amount of time spent providing financial planning or consulting services, researching
and implementing a managed account portfolio or program management service, the reports
provided, the issues addressed, and consequently the fees charged to the client may vary from
Investment Advisor Representative to Investment Advisor Representative and office to office.
Investment Advisor Representatives will review with client their investment objectives, risk
tolerance, time horizon, financial circumstances and other material considerations (“client’s
profile”) in assisting client to determine the types of services and programs that may be suitable
for the client prior to making a service or program recommendation or a change to the current
service or program client may be participating in.
It is essential that the client provide accurate, candid, and complete information to the Investment
Advisor Representative to match services to the client’s profile. Client is also obligated to
promptly inform the Investment Advisor Representative of material changes to their client
profile to enable the Investment Advisor Representative to re-evaluate and make suitable
recommendations based on the changes.
The Investment Advisor Representative will, on an annual basis, or another frequency agreed to

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by client and Investment Advisor Representative, review with the client whether the advisory
account or services continue to reflect the investment objectives, financial requirements, and
reasonable investment restrictions of the client.
All accounts are in the custody of the Clearing Firms and the account minimums vary.
Typically, the minimum account fee begins at $25,000 for individual accounts or $100,000 for
households. Kaiser Wealth Management at its discretion may open or retain accounts with less
than the required minimum.
Investment Advisor Representative will use the above information to assist the client in
completing account opening documentation including but not limited to Geneos Wealth
Management New Account Application, Investment Questionnaires, Sponsor Paperwork (if
applicable) and either a Kaiser Wealth Management Client Services Contract or Advisory
Services Contract. Kaiser Wealth Management contracts are dependent upon desired services.