Keel Wealth Management LLC

Item 5 – Fees and Compensation

Asset Management Fee Schedule
Our minimum account opening balance is $250,000 which may be negotiable based upon certain
circumstances. The fee charged is based upon the amount of money you invest. Multiple
accounts of immediately-related family members, at the same mailing address, may be
considered one consolidated account for billing purposes. Fees are charged monthly, in advance.
Payments are due and will be assessed on the last day of each month, based on the ending
balance of the account under management for the preceding month and will be calculated as
follows:

                          Percentage        Portfolio Size (AUM)
                            0.75%           $0-1,000,000
                            0.35%           $1,000,001+

The fees shown above are annual fees and may be negotiable based upon certain circumstances.
Additionally, KWM reserves the right to waive the fees for certain accounts under its management
at its discretion. No increase in the annual fee shall be effective without prior written notification
to you. We believe our advisory fee is reasonable considering the fees charged by other
investment advisers offering similar services/programs.

Your account at the custodian may also be charged for certain additional assets managed for you
by us but not held by the custodian (i.e. variable annuities, mutual funds, 401(k)s). The fees we
charge can be deducted directly from your account at the custodian. We will instruct the custodian
to deduct the fees from your account at the end of the month. This fee will show up as a deduction
on your next account statement from the custodian.

You will authorize the custodian to directly debit fees from your account held at the custodian and
to pay us. Management fees are prorated for each contribution and withdrawal made during the
applicable calendar quarter (with the exception of small inconsequential contributions and
withdrawals). You will be provided with a quarterly statement reflecting deduction of the advisory
fees.

Fixed Income Consulting
Our minimum advised bond portfolio balance is $250,000,000 which may be negotiable based upon
certain circumstances. We charge a $5000 per month flat fee on bond portfolios up to $100,000,000. For
Keel                        ADV Part 2A                                                             Page 5 of 16
                                                                      © 2010 – 2017 Red Oak Compliance Solutions LLC

portfolios larger than $100MM, fees are negotiable at KWM’s discretion.

Fixed income consulting fees are assessed monthly, in advance. Fees will be invoiced and are due upon the
last day of the month. The fees described above may be negotiable based upon certain circumstances.
Additionally, KWM reserves the right to waive the fees for certain accounts under its management at its
discretion.

Services may be terminated by either party with a thirty (30) day’s written notice. If the client chooses to
terminate services prior to the end of the month, KWM we will issue a pro-rata refund based on the
number of days remaining in the billing period.

Item 6 – Performance Based Fee and Side by Side Management

We do not charge any performance-based fees. These are fees based on a share of capital gains on or
capital appreciation of the assets of a client.

Item 7 – Types of Client(s)

We provide portfolio management services to high-net-worth individuals, charitable organizations, and
corporations.

Our minimum account opening balance is $500,000.00, which may be negotiable based upon
certain circumstances.