Keystone Wealth Services LLC

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of Keystone and the Client.

A. Fees for Advisory Services
Investment Advisory Services
Investment advisory fees are paid quarterly in arrears, at the end of each calendar quarter, pursuant to the terms of
the investment advisory agreement. Investment advisory fees are typically based on the average daily ending market
value of assets under management during the calendar quarter and the annual fee will not exceed 2.00%. It is
important to note that our firm bills on cash and cash equivalents unless specified in writing. The ultimate investment
advisory fee charged will depend on the size of the Client relationship, the scope/complexity of services to be
provided, and other factors.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. Certain Clients may have a fixed
annual fee or fixed rate fee or a fee schedule that differs from above. The Client’s fees will take into consideration the
aggregate assets under management with Advisor. Investment advisory fees include financial planning and
consulting services, unless separately engaged for those services. All securities held in accounts managed by
Keystone will be independently valued by the Custodian. Keystone will not have the authority or responsibility to
value portfolio securities.

The Client may make additions or withdrawals from the account[s] at any time, subject to the Advisor’s right to
terminate an account or the overall relationship. Additions may be in cash or securities provided that the Advisor
reserves the right to liquidate any transferred securities or decline to accept particular securities into a Client’s
account[s]. Clients may withdraw account assets on notice to Keystone, subject to the usual and customary securities
settlement procedures. However, the Advisor typically designs its investment portfolios as long-term investments and
the withdrawal of assets may impair the achievement of a Client’s investment objectives. Keystone may consult the
Client about the implications of such transactions. Clients are advised that when such securities are liquidated, they
may be subject to securities transaction fees, short-term redemption fees, and/or tax ramifications.

Financial Planning and Consulting Services
Financial planning and consulting services may be included as part of an overall wealth management engagement
or provided as a stand-alone engagement. For separate engagements, financial planning and consulting services
are offered at an hourly, fixed or recurring fee-basis. Fees are based on the experience of the person performing the
services, the complexity of the services to be provided and the duration of the engagement. Hourly engagements are
billed at a rate of up to $350 per hour. Fixed and recurring fee engagements are based on the estimated number of
hours to complete the service as the Advisor’s hourly rate. Fixed and recurring fees range from $500 to $10,000.
Recurring fee engagements will automatically renew each year. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. An estimate for total hours and/or
costs will be determined prior to engaging for these services. The Advisor’s fee is exclusive of, and in addition to,
brokerage fees, transaction fees, and other related costs and expenses, which may be incurred by the Client.
However, the Advisor shall not receive any portion of these commissions, fees, and costs.

Retirement Plan Consulting Services
Our Retirement Plan Consulting services are billed on a 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 1.50%.
The fee-paying arrangements will be determined on a case-by-case basis and will be detailed in the signed
consulting agreement.

B. Fee Billing
Investment Advisory Services
Investment advisory fees will be calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the respective quarter-end date. The amount due is calculated by applying the quarterly
rate (annual rate divided by 4) to the average daily ending market value of assets under management during the
calendar quarter.

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.

Financial Planning and Consulting Services
Financial planning and consulting fees are invoiced up to 50% upon the execution/renewal of the financial planning
or consulting agreement. The remainder of the fee will be directly billed to the client and due within 30 days of a
financial plan being delivered or consultation rendered. Our firm will not require a retainer exceeding $1,200 when
services cannot be rendered within 6 months.

Retirement Plan Consulting Services
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Item 7 – Types of Clients
Keystone offers investment advisory services to high net worth individuals, families, trusts, estates, and
businesses. The relative percentage of each type of Client is available on Keystone’s Form ADV Part 1. These
percentages will change over time. Keystone does not impose a size for establishing a relationship, but does tailor
its services to high net worth Clients.