Lifeworks Advisors LLC

Item 5 – Fees and Compensation
A. Fee Schedule; Billing; Advance Payments and Refunds
Wealth Management Services
Lifeworks provides customized investment advisory services on a discretionary basis to its Clients
pursuant to a Wealth Management Agreement. Such Clients are charged a management fee for such
services (the “Advisory Fee”). The Advisory Fee ranges up to 1.50% annually of the assets under
management the Client has with Lifeworks. The Advisory Fee is payable monthly in advance based on
the market value of each Client’s account as of the last business day of the prior month. The Advisory
Fee for the initial month is calculated on a pro-rata basis commencing on the date assets are designated
to Lifeworks for management under the Wealth Management Agreement. The Advisory Fee is
negotiable. Client’s fees will take into consideration the aggregate assets under management with the
Advisor. All securities held in accounts managed by Lifeworks will be independently valued by the
Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuation to ensure accurate
billing.

Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s
account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of
the fees to be deducted from the Client’s account[s] at the beginning of the respective month. The amount
due is calculated by applying the annual rate (annual rate divided by 12) to the total assets under
management with Lifeworks at the end of the prior month. Clients will be provided with a statement, at
least quarterly, from the Custodian reflecting the deduction of the investment advisory fee. Clients are
urged to also review and compare the statement provided by the Advisor to the brokerage statement from
the Custodian, as the Custodian does not perform a verification of fees. Clients provide written
authorization permitting advisory fees to be deducted by Lifeworks to be paid directly from their
account[s] held by the Custodian as part of the investment advisory agreement and separate account forms
provided by the Custodian.

When executing a Wealth Management Agreement, Clients may select whether to pay the Advisory Fee
by ACH payment, credit card, or by the custodian deducting the fee from their account, each of which
must be paid on a monthly basis within 30 days of the invoice. Third-party software unaffiliated with
Lifeworks processes ACH or credit card payments. Lifeworks has established information barriers and
procedures to ensure that Lifeworks does not have access to Client payment-related information. In
addition, Lifeworks’ affiliate has encrypted and masked the Client payment data. The data maintained
by our affiliate is insufficient to gain access or control over the Client payment data such that Lifeworks
would be deemed to have custody of such information.

Clients or Lifeworks may terminate the Wealth Management Agreement at any time by providing
advance written notice. Any prepaid but unearned Advisory Fees will be returned to the Client,
calculated on a daily prorated basis. Where Client removes Lifework’s authority with respect to an
account directly through the account’s custodian, rather than notifying Lifeworks directly, the date of
termination shall not be earlier than the date upon which Lifeworks became aware of the termination.

Use of Independent Managers – As noted in Item 4 above, Lifeworks may utilize one or more
Independent Managers. Lifeworks does not earn any compensation from its use of an Independent
Manager for Client accounts. Independent Managers typically do not offer any fee discounts but may
have a breakpoint schedule that will reduce their fee with an increased level of assets placed under

         Lifeworks Advisors, LLC | 4095 Park East Ct. Suite C, Grand Rapids, MI 49546 | (616) 200-6512 | www.lifeworksadvisors.com

management with them. The terms of such fee arrangements are included in each Independent
Manager’s Form ADV Part 2A and applicable contract(s) between the Client and the Independent
Manager. Lifeworks and the Independent Manager will each assume the responsibility for calculating
and deducting their respective fees from the Client’s account(s). The Independent Manager’s fee will
be paid by Lifeworks from its Advisory Fee unless otherwise agreed upon.

The terms relating to the termination of an advisory agreement with an Independent Manager will be
set forth in the applicable agreement(s) between the Client and the Independent Manager and may vary.
Lifeworks will assist the Client with the termination and transition as appropriate.

Financial Planning and Consulting Services
Lifeworks offers standalone financial planning services for a fixed engagement fee. The financial
planning fee (“FP Fee”) charged by Lifeworks varies depending on whether the services rendered to the
Client are project-based or ongoing. The FP Fee is either:

(1) A one-time non-refundable onboarding fee of up to $50,000, which will be invoiced in monthly
    installments over the course of the first 12 months of the engagement. Subsequent years, clients will
    incur a fixed monthly fee ranging up to $4,167, collected monthly in advance.
(2) A one-time project-based fee ranging up to $50,000. One-time fees may be collected up to 50% in
    advance, with the remainder being invoiced upon delivery.

The FP Fee may be negotiable based on the nature and complexity of the services to be provided and
the overall relationship with the Advisor (including other services the Client has engaged for, such as
Investment Management), and may be adjusted upon the advance written notice to the Client. An
estimate for total costs will be determined prior to Clients engaging in these services.

When executing a Financial Planning Agreement, Clients may select whether to pay the FP Fee by ACH
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Item 7 – Types of Clients
Lifeworks offers investment advisory services to individuals, high-net-worth individuals, charitable
organizations, trusts, estates, pension and profit-sharing plans, and businesses. Lifeworks does not
impose requirements to open or maintain an account and does not impose a minimum account size.