LNW Wealth Management LLC

5. Fees and Compensation
LNW is paid exclusively by its clients. For some clients, LNW will charge a fee based on a percentage of the
market value of assets held in a client’s portfolio. For others, LNW will charge a retainer or other fixed fee to
cover investment and financial advisory services or for special accounts or projects. Whether charged
based on assets under management or as an annual retainer, annual fees range between .90% and .30% of
total assets managed by LNW and may be subject to an annual fee minimum, although in the past, clients
may have negotiated a fee discount. If services are being provided to multiple accounts or entities related to
a client family, fees may be allocated among the various accounts or entities in a mutually agreeable manner.
Other factors used to determine the method of charging fees include the historical nature of the client
relationship, number of accounts and entities, portfolio and financial complexity, unique client
circumstances, the variety and scope of the services provided, and location or advisory team. Fee
arrangements, schedules and account minimums for all services are negotiable and LNW may consider
additional factors such as the potential for additional assets under management, the relationship with
existing or prospective clients, the total dollar amount of assets to be managed, or other considerations.

Fee arrangements may be amended by mutual written consent or, in some cases, upon advance written
notice to the client. Employees of LNW and their families may receive investment and financial advisory
services for fees that are lower than what LNW generally charges clients.

Neither LNW nor any of its employees accept compensation from the sale of securities or any other
investment products or services. LNW is independent of any broker-dealer or other investment
management firm.

Timing and Payment of Fees
Depending on contractual arrangements, fees are paid quarterly in advance. Fees are based upon the
market value of the portfolio for the previous quarter. Fees are charged for those accounts in which LNW
provides investment management services, other than accounts, if any, for which LNW has agreed to waive
fees (sometimes called “courtesy accounts”). Clients should refer to their investment advisory agreement
for additional provisions regarding fees. Clients may choose to have fees deducted directly from a custodial
account or, alternatively, clients may request to be billed.

If a client terminates the investment advisory agreement with LNW during a billing period, LNW will refund
part of the investment management fee to the client on a pro-rata basis based upon the time remaining in

LNW Wealth Management, LLC
Part 2A of Form ADV

the quarter after the termination date. In cases where client fees are paid in arrears, LNW will only charge the
client for fees earned through the termination date.

Occasionally, LNW may provide investment consulting or financial planning services on a limited
engagement or special project basis. Special projects are highly customizable and idiosyncratic and may
include financial analysis, wealth transfer planning, investment or philanthropy education, and specialized or
custom investment due diligence. Any hourly rate or project fee would be set forth in an investment advisory
agreement with the client, based on the projected complexity and scope of the analysis or services
requested and the training and skills of staff members providing the requested service.

Fees for Third Party Financial Products and Services
LNW’s fees are exclusive of all transaction fees, custodial fees, and direct investment manager fees or costs
for client investments, including for example brokerage commissions, management fees or costs of mutual
funds, exchange traded funds, managed accounts, investment partnerships or similar. All such fees and
costs incurred in connection with transactions for any client account will be paid out of the assets in the
account or billed separately to the client and are in addition to the investment management fees paid to LNW.

Fees Related to the LNW Renewable Power Fund, LP
Any client who invested in the LNW Renewable Power Fund will be allocated their pro rata share of fund
expenses. However, neither the Fund nor LNW charges a fee for managing the investments in the Fund.
(Please refer to the Fund documents for specific information regarding Fund fees and expenses, including
fees charged to the LNW Renewable Power Fund by the fund in which it invests.) The market value of the
client’s investment in the Fund will be included in the total market value of the client’s portfolio upon which
the client fee is calculated.

7. Types of Clients
LNW provides investment and financial advisory services predominantly to wealthy individuals and families,
as well as their trusts, estates, charitable organizations, corporations, business entities, foundations and
endowments. In certain limited circumstances, for example if a client owns a business, LNW may also
provide investment advice to its pension and profit-sharing plan; however, LNW does not act as a plan
administrator. LNW’s new account minimum is generally $10,000,000 in investable assets, however LNW
serves families with investable assets ranging from $1,000,000 to in excess of $200,000,000.

LNW Wealth Management, LLC
Part 2A of Form ADV