Laurel Wealth Planning LLC

Item 5: Fees and Compensation

Compensation – Financial Planning
In certain instances, where pre agreed, clients may pay hourly fees in addition to the
wealth management fee for advice and service outside of our normal wealth management
services. In addition, certain new clients may prefer an hourly approach to get started.
For hourly engagements, we will charge a mutually agreed upon hourly fee of $150 -
$600, depending on the skill of the financial professional or staff person involved. The
exact hourly fee will be stated in the agreement provided at the outset of the engagement
based on the areas the client would like addressed. Typically, an initial payment of $500
is accepted at the beginning of the engagement and all other fees are charged through a
progress billing and/or are due at the completion of the engagement. Meetings with and
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services provided by other professionals required for implementation (such as your estate
planning attorney, accountant, etc.) are billed separately by those professionals.
Compensation – Wealth Management Services
LWP charges most of its clients an annual investment management fee based on the
following schedule:

DISCRETIONARY and NON-DISCRETIONARY FEE SCHEDULE
We shall provide the services described in the Wealth Management Agreement for an
annual fee based upon the following fee schedule:

       Household Assets               Quarterly Fee                  Annualized Fee*
       First $ 200,000                  0.31250 %                      1.25 %

       Next $ 300,000                   0.25000 %                      1.00 %

       Next $ 800,000                   0.22500 %                      0.90 %

       Next $ 1,000,000                 0.21250 %                      0.85 %

       Next $ 2,000,000                 0.17500 %                      0.70 %

       Next $ 3,500,000                 0.15000 %                      0.60 %

       Next $ 12,200,000                0.12500 %                      0.50 %

       Over $ 20,000,000                Negotiable                     Negotiable

  All fees may be negotiated at the Adviser’s choice.

Fees are charged quarterly, in advance, based upon the market value of the Household
Assets, including cash, on the last day of the previous quarter as valued by the Custodian
with a minimum fee of eighteen hundred seventy five dollars ($1,875) per quarter. The
initial fee will be calculated from the date of the Wealth Management Agreement or when
the account is initially funded, to the end of the quarter. Such fees shall become due and
payable immediately.
Although we have established the aforementioned fee schedule(s), we retain the
discretion to negotiate alternative fees or waive the minimum fee on a client-by-client
basis. Client facts, circumstances, and needs are considered in determining the fee
schedule. These include the complexity of the client, assets to be placed under
management, anticipated future additional assets; related accounts; portfolio style,
account composition, reports, among other factors. The specific annual fee schedule is
identified in the contract between the adviser and each client.
We may group certain related client accounts for the purposes of calculating the fee for
the Household Assets.
Agreement Terms
A client may terminate LWP services at any time by notifying LWP and paying the rate
for the time spent on the financial engagement prior to notification of termination. If the
client made an advance payment, LWP will refund any unearned portion of the advance
payment.
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General Information on Compensation and Other Fees
In certain circumstances, fees, and payment terms are negotiable depending on client’s
unique situation – such as the size of the aggregate related party portfolio size, family
holdings, low cost basis securities, or certain passively advised investments and pre-
existing relationships with clients. Certain clients may pay more or less than others
depending on the amount of assets, type of portfolio, or the time involved, the degree of
responsibility assumed, complexity of the engagement, special skills needed to solve
problems, the application of experience and knowledge of the client’s situation. Lower
fees for comparable services may be available from other sources. Transaction fees and
other costs relating to trading are described in Item 12, Brokerage Practices. LWP does
not require or solicit prepayment of more than $1,200 in fees per client, six months or
more in advance. If the client contracts separately for any services from a referred
investment professional then the terms of that relationship is between the client and the
investment professional.
Wealth management fees are typically deducted from clients’ accounts at the custodian
and billed quarterly in advance. LWP receives written authority from the Client to directly
deduct the fees from the account held with the custodian. LWP sends an invoice to the
custodian documenting the amount of the fee.
When a client who has engaged LWP for wealth management services upon giving LWP
a notice of cancelation of their wealth management agreement they are entitled to a pro-
rata refund from the date of termination for the period of services that the fees have been
paid for in advance.
LWP may reimburse clients costs to transfer their relationship to our current Custodian
platform by reducing the client’s wealth management fee by the amount of these costs
(supported by written communication to the client explaining this reduction in our fee).
No LWP principal or any supervised person receives any compensation for the sale of
securities or other investment products, including asset-based sales charges or service
fees from the sale of mutual funds. LWP’s only compensation is a percentage of assets
under management or a financial planning fee as described in Item 4.
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Types of Clients
As described in Item 4, LWP‘s clients are individuals, pension and profit sharing plans,
trusts, estates and charitable organizations, and corporations.
Account Size and Fee Minimums
We do not have a minimum account size requirement, but we do have a minimum annual
fee of $7,500.