Keudell Morrison Wealth Management LLC

Item 5 – Fees and Compensation

A     Keudell Morrison Wealth Management, LLC charges annual fees for managing Clients’
      portfolios. The fees charged generally vary between 0.50% and 1.5% of assets under
      management according to the amount of assets under management and the specific needs
      of the client; however, fees may be negotiable. We may charge client a fixed fee each
      billing period as agreed upon in the Agreement. Keudell Morrison has an asset minimum
      of $500,000. We will make exceptions to this minimum under certain circumstances.
      Keudell Morrison’s standard fee schedule is:

            Market Value of Account(s)         Annual Advisory Fee

            Under $499,999                     1.50%

            $500,000 – $999,999                1.25%

            $1,000,000 – $1,999,999            1.00%

            $2,000,000 and over                Negotiable

B     We bill Client monthly fees in arrears and concurrently send the custodian a notice of the
      amount of the fee to be deducted from the Client’s account. Fees are paid directly to us
      from the account by the custodian upon our submission of an invoice to custodian.
      Payment of fees may result in the liquidation of Client’s securities if there is insufficient
      cash in the account. The fee is based on the average daily market value of the Client’s
      account for the preceding month when based on the assets under management. We do not
      charge differently for cash balances or separately managed accounts.

C     Clients pay brokerage transaction costs and other charges directly to the custodian. See

Item 7 – Types of Clients

We provide investment advice to individuals, high net worth individuals, businesses, not for profit
organizations and pension & profit sharing plans. Because each Client is unique, they must be
willing to be involved in the planning and ongoing processes. Such involvement does not have to
be time consuming, however we want our Clients to remain informed and have a sense of security
about their investments. Keudell Morrison has an asset minimum of $500,000. We will make
exceptions to this minimum under certain circumstances.

                     KEUDELL MORRISON WEALTH MANAGEMENT, LLC
                                Form ADV Part 2A – Firm Brochure