Laidlaw Wealth Management LLC

Item 5 - Fees And Compensation

A. Advisory Fees

This section details the fee structure and compensation methodology for LWM’s investment
advisory services. Each client will sign the appropriate type of investment advisory
agreement (i.e., either an investment management, financial planning, consulting services or
independent money manager agreement) that details the responsibilities of LWM to the
client as well as the fees to be paid.

Investment Management Services

Fees for investment management services (the “Management Fee”) are paid monthly in
advance pursuant to the specific terms of the client’s investment management agreement.
The Management Fee is based on the average daily balance of assets under management for
the preceding month. The annual Management Fee will not exceed 2.00% of assets under
management. The specific Management Fee to be paid and the terms of such payment by a
particular client is set forth in that client’s investment management agreement.

Financial Planning and Consulting Services

LWM offers the following fee options for financial planning and consulting services:

     Hourly Engagement. Client will pay LWM an hourly fee between $150 and $300
      per hour. For hourly engagements, this arrangement shall continue in effect until the
      earlier of (i) LWM’s delivery of the financial planning or consulting services to client
      or (ii) termination of the financial planning or consulting services agreement by
      either party.

     Fixed Fee Engagement. Client will pay LWM a fixed fee ranging from $300 to
      $3,000. For fixed fee engagements, this arrangement shall continue in effect until the
      earlier of (i) LWM’s delivery of the financial planning or consulting services to client
      or (ii) termination of the financial planning or consulting services agreement by
      either party.

     Ongoing Fixed Fee Retainer. Client will pay LWM an annual financial planning
      or consulting services fee ranging from $300 to $3,000 each year. For annual fixed fee
      retainer engagements, the arrangement will automatically renew on an annual basis
      until terminated by either party.

The specific fees charged shall depend on the nature and complexity of each client’s
circumstances and will be set forth in the financial planning or consulting services
agreement.

Independent Money Managers

LWM will be compensated via a fee share from the independent money managers to which it
refers clients.

Each independent money manager used involves different custodial, administrative and fee
arrangements, and may require certain minimum initial account investments. These fees
and expenses are described in each independent money manager’s firm brochure. These fees
will generally include a management fee and, potentially, other fees. The actual management
fees may be higher or lower for specific independent money manager employing similar
strategies.

In certain circumstances, a client could invest with an independent money manager directly,
without the services of LWM. In that case, the client would not receive the services provided
by LWM which are designed, among other things, to assist the client in determining which
independent money managers are most appropriate to the client's financial condition and
objectives.

B. Payment Method

Investment Management Services

The Management Fees will be automatically deducted from the client’s account by the
client’s custodian (the “Custodian”) in advance (as set forth in the client’s investment
management agreement). LWM shall send an invoice to the Custodian indicating the amount
of the Management Fees to be deducted from the client’s account at the respective month’s
beginning date. The amount due is calculated on a monthly basis based on the client’s
average daily account balance of the total assets under management with LWM for the
preceding month. Clients will be provided with a statement, at least quarterly, from the
Custodian reflecting deduction of the applicable Management Fee. It is the responsibility of
the client to verify the accuracy of these fees as listed on the Custodian’s brokerage
statement as the Custodian does not assume this responsibility.

Clients provide written authorization permitting LWM to be paid directly from their
accounts held by the Custodian as part of the investment management agreement and
separate account forms provided by the Custodian.

Financial Planning and Consulting Services

Hourly engagement fees for financial planning and/or consulting services are paid monthly in
arrears. For hourly engagement, an estimate for total hours will be determined prior to the
beginning of the engagement. For fixed-fee engagements, clients will pay 50% of the fixed fee
in advance with the balance due upon completion of the service.

Independent Money Managers

The timing, frequency and method of paying fees for selection of the independent money
managers will depend on the specific independent money manager selected and will be
disclosed to the client prior to entering into a relationship with such money manager.

C. Additional Information

Fees Negotiable

LWM retains the right to modify fees in its sole and absolute discretion, on a client-by-client
basis. Factors considered include the complexity and nature of the advisory services
provided, anticipated amount of assets to be placed under management, anticipated future
additional assets, related accounts, portfolio style and account composition. LWM may
combine related household accounts for fee calculation purposes.

Prior Fee Arrangements

Prior to December 5, 2022, LWM calculated its Management Fee using a quarter-end
valuation.

Mutual Fund Fees and Exchange-Traded Funds

All fees paid to LWM for investment advisory services are separate and distinct from the
expenses charged by mutual funds and exchange-traded funds (“ETFs”) to their
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Item 7 - Types of Clients

A. Clients

LWM may offer investment advisory services to individuals, including high net worth
individuals, pension and profit sharing plans, trusts, estates, charitable organizations,
corporations and other business entities.

B. Engaging the Services of LWM

All clients wishing to engage LWM for advisory services must enter into the applicable
advisory agreement with LWM as well as any other document or questionnaire provided by
LWM. The advisory agreement describes the services and responsibilities LWM to the client.
It also outlines LWM’s advisory fees in detail. In addition, clients must complete certain
broker-dealer/custodial documentation. Upon completion of these documents, LWM will be
considered engaged by the client.

Each client engagement will entail some level of review of the client's investment goals,
financial situation, time horizon, tolerance for risk and other factors to develop an
appropriate strategy for managing a client's account. Client participation in this process,
including full and accurate disclosure of requested information, is essential for the analysis
of a client's account. LWM shall rely on the financial and other information provided by the
client or their designees without the duty or obligation to validate the accuracy and
completeness of the provided information. It is the responsibility of the client to inform LWM
of any changes in financial condition, goals or other factors that may affect this analysis.

C. Conditions for Managing Accounts

As a condition for starting and maintaining a relationship, LWM imposes a minimum
portfolio size of $25,000. LWM, in its sole discretion, may accept clients with smaller
portfolios based upon certain criteria including anticipated future earning capacity,
anticipated future additional assets, dollar amount of assets to be managed, related
accounts, account composition, pre-existing client, account retention and pro bono activities.
LWM will only accept clients with less than the minimum portfolio size if, in the sole opinion
of LWM, the smaller portfolio size will not cause a substantial increase of investment risk
beyond the client’s identified risk tolerance. LWM may aggregate the portfolios of family
members to meet the minimum portfolio size.

Third-party money managers used by LWM may have different minimum account sizes than
does LWM. Please consult the specific third-party manager’s disclosure documents or
investment advisory agreements for any account size minimum requirements.