Kennedy Wealth & Tax Management LLC

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    Asset Management:

                      Assets Under Management         Annual Percentage of Assets Charge
                             $0 to $500,000                        1.30%
                         $500,001 to $1,000,000                    1.15%
                        $1,000,001 to $5,000,000                   0.80%
                       $5,000,001 to $20,000,000                   0.45%
                            Over $20,000,000                       0.20%

    Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value of
    your account on the last day of the previous quarter. However, advisory fees charged for certain
    assets, such as fee-based annuities, may be billed quarterly in arrears depending on the billing
    processes of the broker-dealer holding those assets. Fees are negotiable and will be determined
    based on the scope and complexity of the engagement. Adjustments will only be made for deposits
    during the quarter. Fees will be deducted automatically from your managed account. In rare cases,
    our firm will agree to directly invoice. Our firm bills on cash unless otherwise indicated in writing. As
    part of this process, the client is made aware of 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.

    The maximum annual fee charged to clients utilizing Third Party Managers will not exceed the
    maximum fee published above for this service. Our firm will debit fees for this service as disclosed in
    the executed advisory agreement between the client and our firm. This fee shall be in addition to any
    fees assessed by the chosen third party money manager. The third party money managers we
    recommend will not directly charge you a higher fee than they would have charged without us
    introducing you to them. Third party money managers establish and maintain their own separate
    billing processes over which we have no control. They will directly bill you and describe how this
    works in their separate written disclosure documents. The maximum combined annual fee between
    the Third Party Manager and our firm will not exceed 2%.

    Comprehensive Portfolio Management:
                      Assets Under Management         Annual Percentage of Assets Charge
                            $0 to $500,000                         1.50%

ADV Part 2A – Firm Brochure                        Page 7                        Kennedy Wealth & Tax Management, LLC

                         $500,001 to $1,000,000                       1.25%
                        $1,000,001 to $5,000,000                      1.00%
                       $5,000,001 to $20,000,000                      0.65%
                           Above $20,000,000                          0.40%

    Our firm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value of
    your account on the last day of the previous quarter. However, advisory fees charged on certain
    assets, such as fee-based annuities, may be billed quarterly in arrears depending on the billing
    processes of the broker-dealer holding those assets. Fees are negotiable and will be determined
    based on the scope and complexity of the engagement. Adjustments will only be made for deposits
    during the quarter. Fees will be deducted automatically from your managed account. In rare cases,
    our firm will agree to directly invoice. Our firm bills on cash unless otherwise indicated in writing. As
    part of this process, the client is made aware of 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.

    The maximum annual fee charged to clients utilizing Third Party Managers will not exceed the
    maximum fee published above for this service. Our firm will debit fees for this service as disclosed in
    the executed advisory agreement between the client and our firm. This fee shall be in addition to any
    fees assessed by the chosen third party money manager. The third party money managers we
    recommend will not directly charge you a higher fee than they would have charged without us
    introducing you to them. Third party money managers establish and maintain their own separate
    billing processes over which we have no control. They will directly bill you and describe how this
    works in their separate written disclosure documents. The maximum combined annual fee between
    the Third Party Manager and our firm will not exceed 2%.

    Financial Planning & Consulting:

    We charge on an hourly or flat fee basis for financial planning and consulting services. The total
...

Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
         •    Individuals and High Net Worth Individuals;
         •    Trusts, Estates, and Charitable Organizations; &
         •    Pension and Profit-Sharing Plans.

    Our requirements for opening and maintaining accounts or otherwise engaging us:
         •    We generally require a minimum household account balance of $1,000,000 for our
              Comprehensive Portfolio Management and Asset Management services. However, this
              minimum account balance can be waived at our firm’s sole discretion.
         •    We generally charge a minimum fee of $7,500 per household for our Comprehensive Portfolio
              Management service and a minimum fee of $6,500 per household for our Asset Management
              Service if the household does not meet our minimum account balance requirement. However,
              this fee requirement can be waived at our firm’s sole discretion.
         •    We generally require a minimum balance of $1,250,000 per trust for our Trustee Support
              Services, and we generally charge a minimum annual fee of $9,500 for this service. However,
              this minimum requirement can be waived at our firm’s sole discretion.
         •    We generally charge a minimum fee of $2,500 for written financial plans.

    Our firm retains the discretion to waive these requirements depending on the client’s extenuating
    circumstances.