Kerr Financial Planning Corporation

Item 5: Fees and Compensation
Method of Compensation and Fee Schedule
 Lower fees for comparable services may be available from other sources.
 Fees are negotiable and based on potential scope of work.

Asset-Based Fees for Individual Portfolio Management
    Asset Based Fee (AUM) Fee
 .50 -3.0%- Negotiable

Kerr Wealth Management offers discretionary direct asset management services to advisory
clients. Kerr Wealth Management charges an annual fee of no more than 3% based on total

assets under management.
The annual fee is negotiable based on upon certain criteria (e.g., historical relationship, type
of assets, anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, negations with
clients, etc.).
Fees are billed monthly in arrears. Kerr Wealth Management uses the value of the account
as of the last business day of the billing period, after taking into account deposits and
withdrawals, for purposes of determining the market value of the assets upon which the
advisory fee is based. Kerr Wealth Management utilizes a third party software provider to
manage billing. From time to time fee’s billed are reviewed to insure accuracy. Kerr Wealth
Management will correct fee discrepancies as soon as they are discovered. Discrepancies are
usually resolved within 30 days unless there is an unforeseen circumstance preventing us
from making a correction and or refund within 30 days. Clients may also pay via check,
credit card or cash.
Before engaging the Registrant to provide investment advisory services, clients are required
to enter into a Discretionary Investment Advisory Agreement, setting forth the terms and
conditions of the engagement (including termination), which describes the fees and services
to be provided.
Clients may terminate their account within five (5) business days of signing the Investment
Advisory Agreement with no obligation and without penalty. After five (5) business days,
the Client may cancel by providing written notice to Kerr Wealth Management and Kerr
Wealth Management may terminate advisory services with thirty (30) days written notice
to the Client. For accounts opened or closed mid-billing period, fees will be prorated based
on the days services are provided during the given period. All unearned fees will be
refunded to the Client. Client shall be given thirty (30) days prior written notice of any
increase in fees. Any increase in fees will be acknowledged in writing by both parties before
any increase in said fees occurs.
Registrant, in its sole discretion, may charge a lesser investment advisory fee than shown
above and/or charge a flat fee based upon certain criteria (i.e. anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related
accounts, account composition, prior fee schedules, competition, negotiations with client,
etc.). Please Note: As result of the above, similarly situated clients could pay different fees. In
addition, similar advisory services may be available from other investment advisers for
similar or lower fees. ANY QUESTIONS: Registrant’s Chief Compliance Officer, Andrew T.
Kerr remains available to address any questions that a client or prospective client may have
regarding advisory fees.

Held Away Assets
Kerr Wealth Management provides advice for held away accounts. A fee for this service will
be negotiated between client and advisor and can range from a fixed fee to a percentage of
assets under management. Fees will be billed at the end of the month. (In arrears) A report
will be generated with recommendations and provided to the client.
New Account Processing Fee
A processing fee of $45 per application will apply to all accounts regardless of
account type. Additional setup fees ($45) for existing client’s opening new accounts will
also apply. This fee covers the cost of administrative labor.
Clients may terminate the agreement without penalty for a full refund of Kerr Wealth
Management's fees within five business days of signing the Investment Advisory Contract.
Thereafter, clients may terminate the Investment Advisory Contract with 30 days' written
notice.
 Other Administrative Fees
 An administrative fee will apply when a client requests assistance with completing or
 reviewing documents other than Kerr Wealth Management’s custodian documents and
 agreements. The administrative charge is $45 per document. This fee may change with or
 without notice in the future. Changes would likely reflect a cost of inflation, taxes and wages
 adjustment as it relates to operating costs at Kerr Wealth Management.
 529 Plans
 The firm does not charge AUM fees for 529 plans. The firm charges an annual fixed advisory
 fee of $250.00 for portfolio design, consultation and documentation.
 Pension (ERISA / 401K) Plan Design and Asset Management Service Fees
 The annual fees are based on the market value and included assets and will not exceed
 2.5%. All fees are negotiable. A processing fee of $45 per application for all ERISA plan
 applications will apply. This fee can be paid for out of each participants account or paid by
 the plan sponsor outside of the plan. ERISA plan setup fees are based on potential scope of
 work and billed hourly. A good faith estimate will be provided. Asset based fees are charged
 monthly in arrears based on the assets as calculated by the custodian or record keeper of
 the included assets (without adjustments for anticipated withdrawals by plan participants
 or other anticipated or scheduled transfers or distribution of assets) on the last business
 day of the previous month. If the services to be provided start any time other than the first
 day of a month, the fee will be prorated based on the number of days remaining in the
 month. If this Agreement is terminated prior to the end of the fee period, Kerr Wealth
...

Item 7: Types of Clients
Description
Kerr Wealth Management generally provides advisory services to the following types of clients:
          ❖   Individuals
          ❖   Business Owners
          ❖   High-Net-Worth Individuals
          ❖   Charitable Organizations
          ❖   Corporations or Business Entities
Account Minimums
 There is no account minimum for any of Kerr Wealth Management’s services.