Lowery Thomas LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly in arrears pursuant to the terms of the wealth management
agreement. Wealth management fees are based on the market value of assets under management at the end of
the calendar quarter. Wealth management fees range from 0.75% to 1.50% annual based on several factors,
including: the scope and complexity of the services to be provided; the level of assets to be managed; and the
overall relationship with the Advisor.

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by LT will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing. The Advisor’s fee is exclusive of, and in addition to any
applicable securities transaction and custody fees, and other related costs and expenses described in Item 5.C
below, which may be incurred by the Client, However, the Advisor shall not receive any portion of these
commissions, fees, and costs.

B. Fee Billing
Wealth Management Services
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 respective quarter end date. The amount due is calculated by
applying the quarterly rate (annual rate divided by 4 to the total assets under management with LT at the end of
quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of
the investment advisory 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 advisory fees to be deducted by LT to be paid directly from their account[s] held
                                                     Lowery Thomas, LLC
                                                   Pebble Beach, CA 93953
                                    Mailing Address: PO Box 1442, Pebble Beach, CA 93953
                                                     Phone: (831) 230-6380

                                               https://www.lowerythomas.com/

by the Custodian as part of the investment advisory agreement and separate account forms provided by the
Custodian.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than LT, in connection with investments
made on behalf of the Client’s account[s]. The Client is responsible for all securities execution and custody fees
charged by the Custodian, if applicable. The Advisor’s recommended Custodian does not charge securities
transaction fees for ETF and individual stock trades in a Client’s account, provided that the account meets the
terms and conditions of the Custodian’s brokerage requirements. However, the Custodian typically charges for
mutual funds and other types of investments. The fees charged by LT are separate and distinct from these
custody and execution fees.

In addition, all fees paid to LT for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described
in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the
funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of LT, but
would not receive the services provided by LT which are designed, among other things, to assist the Client in
determining which products or services are most appropriate for each Client’s financial situation and objectives.
Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by LT to fully
understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional information.

D. Advance Payment of Fees and Termination
Investment Management Services
LT may be compensated for its services at the end of the quarter after investment advisory services are
rendered. Either party may terminate the investment advisory agreement, at any time, by providing advance
written notice to the other party. The Client may also terminate the investment advisory agreement within five (5)
business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will
incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and
payable by the Client. The Client’s investment advisory agreement with the Advisor is non-transferable without
the Client’s prior consent.

E. Compensation for Sales of Securities
LT does not buy or sell securities to earn commissions and does not receive any compensation for securities
transactions in any Client account, other than the investment advisory fees noted above.

Item 7 – Types of Clients

LT offers investment advisory services to individuals, high net worth individuals, trusts, estates and corporations.
The amount of each type of Client is available on LT’s Form ADV Part 1A. These amounts may change over time
and are updated at least annually by the Advisor. LT generally does not impose a minimum relationship size;
however, certain Independent Managers may impose a minimum.

                                                    Lowery Thomas, LLC
                                                  Pebble Beach, CA 93953
                                   Mailing Address: PO Box 1442, Pebble Beach, CA 93953
                                                    Phone: (831) 230-6380

                                              https://www.lowerythomas.com/