KWMG LLC

Item 5: Fees & Compensation
This section provides additional details regarding our firm’s services, along with a description of service
fees and compensation arrangements. The exact fees and other terms will be outlined in the agreement
between the client and KWA.

Comprehensive Wrap Portfolio Management Fee Schedule.
KWA will assess a Management Fee (the “Management Fee”) to provide discretionary and/or non-
discretionary portfolio management services. The Management Fee is an annual fee based on a
percentage of the client’s assets under management unless specifically excluded.
The structure and level of our Management Fee will vary by client based upon services provided and
other considerations deemed relevant by KWA, but typically is based on a percentage of assets under
management. This Management Fee will not exceed 2.0% per annum and, unless otherwise agreed with
the client, will be applied to all discretionary and non-discretionary assets under management. Each
client’s Management Fee will be identified on that client’s executed Wrap Comprehensive Portfolio
Management Agreement, which will be signed by both KWA and the Client. This agreement is required
to be in place prior to the commencement of any portfolio management services. Clients can be subject
to additional fees separate from the Management Fee if other services are rendered, such as retirement
plan and/or participant services and educational events. Any additional fees will be disclosed and
specified in a separate agreement.
Management Fees for our comprehensive portfolio and asset management services are charged based
on a percentage of assets under management, billed in advance (at the start of the billing period) on a
quarterly calendar basis. Fees are calculated based on the fair market value of your account(s) as of the
last business day of the previous quarter, as provided by Orion, our third-party technology platform
provider, unless KWA otherwise agrees in writing. The total account value of the advisory managed
account shall be determined on the basis of such asset reports as provided by Orion or by any
investment vehicle utilized in the account. As such, you may see slight differences in the quarter-end
market value of your account from your custodian’s statement as compared to the market value of your
account from Orion, due to differences in the treatment of accrued interest posting, trade date versus
settlement date, and other variables. Fees are prorated (based on the number of days service is
provided during the initial billing period) for your account(s) opened at any time other than the
beginning of the billing period. If asset management services are commenced in the middle of a billing
period, the prorated fee for the initial billing period is billed in arrears at the same time as the next full
billing period’s fee is billed. Margin accounts are billed on the total market value and are not reduced by
the margin balance on the account.

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                                     KWA ADV Part 2A: Firm Brochure

Our fee schedule operates on a tiered system based on Assets Under Management (AUM). As AUM
crosses into a new fee bracket, the fee for that tier applies to the total billable account value above the
prior bracket's threshold. Fee rates are agreed to and disclosed in your KWA agreement. Any excess
AUM above a threshold is charged at the next tier's rate.
Additionally, changes to the fee schedule will be applied to the next fee billing cycle. The fee schedule
will not be prorated back to the time of the amended agreement.
Our fees are negotiable on a limited basis based on the complexity of the client’s situation, the
composition of the client’s account(s), the potential for additional account deposits, the relationship of
the client with the firm and the total amount of assets under management for the client. Adjustments
will be made for deposits and withdrawals during the quarter. These adjustments are based on debits
and credits of $50,000 or more that occur within the same business day.

Deduction of Client Fees.
Fees will be automatically deducted from your managed account on a quarterly basis. In rare cases, we
will agree to bill clients directly. As part of the automatic fee deduction process, please note the
following:
     • You provide written authorization to the custodian in their custodial client agreement,
         permitting us to be paid directly from the managed account held by the independent custodian.
         We will provide the custodian with a fee notification file.
     • Our firm sends an electronic request to the custodian indicating the amount of the fee to be
         paid from the client’s managed account;
     • Your independent custodian sends statements at least quarterly to you showing the market
         values for each security included in the assets and all disbursements in your account, including
         the amount of the advisory fees paid to us;
     • As required by paragraph (a)(2) of Rule 206(4)-2 under the Investment Advisers Act of 1940, if
         we send our own statement to our clients, we urge them to compare information provided in
         their statements with that from the qualified custodian in account opening notices and
         subsequent statements.

Annual Fees.
KWA believes that its annual fee is reasonable in relation to: (1) services provided and (2) the fees
charged by other investment advisers offering similar services/programs. However, our annual
investment advisory fee may be lower or higher than that charged by other investment advisers offering
similar services/programs.

You should review your account statements received from the qualified custodian(s) and verify that
appropriate investment advisory fees are being deducted. The qualified custodian(s) will not verify the
...

Types of Clients.
KWA has the following types of clients:
    •   Individuals and High-Net Worth Individuals
    •   Trusts, Estates, and Charitable Organizations
    •   Pension and Profit-Sharing Plans
    •   Corporations, Limited Liability Companies, and/or Other Business Types