Kellett Wealth Advisors LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Asset Management (SIMPLE IRA):

    The maximum annual fee charged for this service will not exceed 1%. Fees to be assessed will be
    outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
    rata basis monthly in advance based on the value of the account(s) on the last day of the previous
    month. Fees are negotiable and will be deducted from client account(s). In rare cases, our firm will
    agree to directly invoice. As part of this process, Clients understand the following:

         a) The client’s independent custodian sends statements at least quarterly showing the market
            values for each security included in the Assets and all account disbursements, including the
            amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
            firm will send an invoice directly to the custodian; and
         c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
            information provided in our statement with those from the qualified custodian will be
            included.

    Comprehensive Portfolio Management:

    The maximum annual fee charged for this service will not exceed 1.15%. The exact fee agreed to is
    negotiable and will be indicated on the signed client agreement. Fees to be assessed will be outlined
    in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata basis
    monthly in advance based on the value of the account(s) on the last day of the previous quarter. Fees
    are negotiable and will be deducted from client account(s). In rare cases, our firm will agree to
    directly invoice. Furthermore, it is important to note that our firm bills on cash and cash equivalents
    held in clients managed accounts unless specified in writing. As part of this process, Clients
    understand the following:

         d) The client’s independent custodian sends statements at least quarterly showing the market
            values for each security included in the Assets and all account disbursements, including the
            amount of the advisory fees paid to our firm;
         e) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
            firm will send an invoice directly to the custodian; and
         f) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
            information provided in our statement with those from the qualified custodian will be
            included.

    Please note that the Tax preparation service is a complimentary addition to this offering and is
    exclusively available to Comprehensive Portfolio Management service clients at no cost.

    Retirement Plan Consulting:

ADV Part 2A – Firm Brochure                        Page 6                                Kellett Wealth Advisors LLC

    Our Retirement Plan Consulting services are billed on an fee based on the percentage of Plan assets
    under management. The total estimated fee, as well as the ultimate fee charged, is based on the scope
    and complexity of our engagement with the client. Fees based on a percentage of managed Plan assets
    will not exceed 0.8%. The fee-paying arrangements will be determined on a case-by-case basis and
    will be detailed in the signed consulting agreement.

    Other Types of Fees & Expenses

    Clients will incur transaction charges for trades executed in their accounts. These transaction fees
    are separate from our firm’s advisory fees and will be disclosed by the chosen custodian. It is
    important to note that Schwab does not charge transaction fees for U.S. listed equities and exchange
    traded funds. Clients may also pay holdings charges imposed by the chosen custodian for certain
    investments, charges imposed directly by a mutual fund, index fund, or exchange traded fund, which
    shall be disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales
    charges, mutual fund sales loads, 12b-1 fees, surrender charges, variable annuity fees, IRA and
    qualified retirement plan fees, and other fund expenses). Our firm does not receive a portion of these
    fees.

    Termination & Refunds

    Either party may terminate the advisory agreement signed with our firm for Comprehensive
    Portfolio Management services in writing at any time. Upon notice of termination our firm will
    process a pro-rata refund of the unearned portion of the advisory fees charged in advance at the
    beginning of the quarter.

    Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
    written notice to the other party. Full refunds will only be made in cases where cancellation occurs
    within 5 business days of signing an agreement. After 5 business days from initial signing, either
    party must provide the other party 30 days written notice to terminate billing. Billing will terminate
    30 days after receipt of termination notice. Clients will be charged on a pro-rata basis, which takes
    into account work completed by our firm on behalf of the client. Clients will incur charges for bona
    fide advisory services rendered up to the point of termination (determined as 30 days from receipt
    of said written notice) and such fees will be due and payable.

Item 7: Types of Clients & Account Requirements

    Our firm has the following types of clients:
       • Individuals and High Net Worth Individuals;
       • Trusts or Estates
       • Retirement Plans
       • Corporations, Limited Liability Companies and/or Other Business Types

ADV Part 2A – Firm Brochure                       Page 7                                 Kellett Wealth Advisors LLC

    Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
    us.

    It is important to note that our Asset Management services are only available for SIMPLE IRA
    accounts. All other types of accounts/clients will be offered Comprehensive Portfolio Management
    Services.