L & W Financial LLC

Item 5 Fees and Compensation
Financial Planning and Consulting Services
We charge a fixed fee for financial planning services, which may vary from client to client. The fee is
negotiable depending upon the complexity and scope of the plan, your financial situation, and your
objectives. Our fee is typically payable upon delivery of the written plan. Should the engagement last
longer than six months between acceptance of financial planning agreement and delivery of the
financial plan, any prepaid unearned fees will be promptly returned to you less a pro rata charge for
bona fide financial planning services rendered to date.

We will not require prepayment of a fee more than six months in advance and in excess of $500.

If you only require advice on a single aspect of your finances, we offer single subject financial
planning/general consulting services on an hourly basis. Our rate for such services is $200 per hour
and is negotiable depending on the scope and complexity of the plan, your financial situation, and your
objectives. An estimate of the total time/cost will be determined at the start of the advisory relationship.
In limited circumstances, the cost/time could potentially exceed the initial estimate. In such cases, we
will notify you in advance and request that you approve the additional fee.

At our discretion, we may offset our financial planning fees to the extent you implement the financial
plan through our Portfolio Management Service.

While our firm endeavors at all times to offer clients specialized services at reasonable costs, the fees
charged by other investments advisers for comparable services may be lower than the fees charged
by our firm.

Portfolio Management Services
Our fee for portfolio management services is based on a percentage of the assets in your account and
is set forth in the following annual fee schedule:

                                          Annual Fee Schedule

Our annual portfolio management fee ranges from 0.25% to 1.5% depending on account size and
custodian used. Our annual portfolio management fee is billed and payable, quarterly in arrears, based
on the balance at end of billing period. We may charge a $600 initial account setup fee. We may
waive part or all of the setup fee at our sole discretion.

If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when the following requirements are met:

    • You provide our firm with written authorization permitting the fees to be paid directly from your
      account held by the qualified custodian.
    • The qualified custodian agrees to send you a statement, at least quarterly, indicating all
      amounts dispersed from your account including the amount of the advisory fee paid directly to
      our firm.

If you have any questions about the statement(s) you receive from the qualified custodian call our main
office number located on the cover page of this brochure.

You may terminate the portfolio management agreement upon written notice. You will incur a pro rata
charge for services rendered prior to the termination of the portfolio management agreement, which
means you will incur advisory fees only in proportion to the number of days in the quarter for which you
are a client.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices,
refer to the Brokerage Practices section of this brochure.

While our firm endeavors at all times to offer clients specialized services at reasonable costs, the fees
charged by other investments advisers for comparable services may be lower than the fees charged
by our firm.

Estate Planning Consulting Fees
Smith & Wyatt charges a one-time flat fee of $0 to $600 upon signing the Client Agreement. The client
can pay an additional fees for consulting sessions with Wealth.com.

Sub-Advisor Fees
Sub-Advisors are generally compensated from the fees paid to Smith & Wyatt; clients do not incur
additional advisory fees unless specifically disclosed. The use of a Sub-Advisor will not result in any
increase to the overall fee charged to the client unless otherwise disclosed and agreed upon.
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Item 7 Types of Clients
We offer investment advisory services to individuals to include high net worth individuals, and
corporations.

In general, we do not require a minimum dollar amount to open and maintain an advisory account;
however, we have the right to terminate your Account if it falls below a minimum size which, in our sole
opinion, is too small to manage effectively.