Lava Wealth Management LLC

Item 5.         Fees and Compensation
         Lava Wealth Management offers its services on a fee basis, which may include hourly as well as fees based
         upon assets under management or advisement.

         Consulting Fees

         If engaged to provide standalone consulting services, Lava Wealth Management may charge a negotiable
         hourly fee. These fees are largely determined by the scope and complexity of the agreed upon services
         and range from $200 to $500 per hour. In the event the Agreement is terminated, the Firm will promptly
         repay any unearned portion of the fees and the client will promptly pay any unpaid but earned fees, as
         appropriate.

         The specific terms and fee structure are negotiated in advance and set forth in the Agreement with Lava
         Wealth Management. Generally, Lava Wealth Management requires one-half of the consulting fees
         payable upon execution of the Agreement and the balance due once the services are rendered to
         completion, not to exceed six months. If the client engages Lava Wealth Management for additional
         investment advisory services, Lava Wealth Management may offset a portion of its fees for those services
         based upon the amount paid for the consulting services.

         Investment Management and Wealth Management Fees

         Lava Wealth Management provides investment management services for an annual fee based on the
         amount of assets under the Firm’s management. The fee varies between 100 and 150 basis points (1.00%
         – 1.50%), based on the following fee schedule:

                                      PORTFOLIO VALUE                     ANNUAL FEE

                                         up to $250,000                       1.50%
                                     $250,001 to $2,000,000                   1.25%
                                        above $2,000,000                      1.00%

         The annual fee is prorated and charged semi-annually in advance, based upon the market value of the
         assets being managed by Lava Wealth Management on the last day of the previous billing period.

         If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
         payable with respect to such assets is not adjusted or prorated to reflect the change in portfolio value. For

Lava Wealth Management, LLC Disclosure Brochure

the initial term of an engagement, the fee is calculated on a pro rata basis. In the event the Agreement is
terminated, the fee for the final billing period is prorated through the effective date of termination and the
unearned portion is refunded. Any account that has a combined total of cash and money market funds in
excess of $50,000 at the inception of a billing period will only have 50% of the that total taken into
consideration in the calculation of the fees.

Historically, Lava Wealth Management has sent clients an itemized summary detailing the advisory fees
assessed as well as an invoice for direct payment of those fees. Recently, however, several clients raised
the prospect, for both convenience and financial reasons, of having their management fees, deducted
directly from their accounts. In those cases, fees may be directly deducted from their accounts. Regardless
of how the fees are paid, every client still receives an invoice detailing the fees owed prior to those fees
being deducted from the account.

Fee Discretion

Lava Wealth Management, in its sole discretion, may negotiate to charge a lesser fee based upon certain
criteria, such as anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, pre-existing client relationship, account
retention, oversight of sub-managed retirement plans, and pro bono activities.

Additional Fees and Expenses

In addition to the advisory fees paid to Lava Wealth Management, clients may also incur certain charges
imposed by other third parties, such as broker-dealers, custodians, trust companies, banks, and other
financial institutions (collectively “Financial Institutions”). These additional charges may include securities
brokerage commissions, transaction fees, custodial fees, charges imposed directly by a mutual fund or ETF
in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund
expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer, and electronic fund
fees and other fees and taxes on brokerage accounts and securities transactions. The Firm’s brokerage
practices are described at length in Item 12, below.

Account Additions and Withdrawals

Clients may make additions to and withdrawals from their account at any time. Additions may be in cash
or securities provided that the Firm reserves the right to liquidate any transferred securities or decline to
accept particular securities into a client’s account. Clients may withdraw account assets on notice to Lava
Wealth Management, subject to the usual and customary securities settlement procedures. However, Lava
Wealth Management designs its portfolios as long-term investments and the withdrawal of assets may
impair the achievement of a client’s investment objectives. Lava Wealth Management may consult with its
clients about the options and implications of transferring securities. Clients are advised that when
transferred securities are liquidated, they may be subject to transaction fees, fees assessed at the mutual
fund level (i.e., contingent deferred sales charge), and/or income tax ramifications.
Lava Wealth Management, by concentrating its activities through a limited number of intermediaries and
mostly effecting trades online, will always seek to reduce these expenses. In any case, Lava Wealth
...

Item 7.          Types of Clients
         Lava Wealth Management may provide its services to individuals, trusts, estates, charitable organizations,
         corporations, and other business entities.

         No Minimum Account Requirements

         Lava Wealth Management does not impose a stated minimum fee or minimum portfolio value for starting
         and maintaining an investment management relationship.