LWM Advisory Services LLC

Item 5        Fees and Compensation

Legacy Managed Portfolio I Program

Investment Advisory Fees

Investment advisory fees for portfolio management services are based on the value of assets managed by the
Advisor, calculated as a percentage of assets under management. This fee is compensation for advisory services
and portfolio management rendered by the Advisor.

There is a minimum investment of $100,000, although the Advisor may accept smaller accounts at its
discretion. The Advisor charges a fee of no more than 2.00% annually for its portfolio management services.
The amount of the investment advisory fee will be set out in the Investment Advisory Agreement executed by
the client at the time the relationship is established.

The investment advisory fee is negotiated on a client-by-client basis depending on the size, complexity, and
nature of the portfolio managed and will be set forth in the Investment Advisory Agreement. Because the
investment advisory fees are negotiated, not all clients will pay the same fees. A client may pay a higher or
lower fee depending on considerations such as the size of the client’s account, the amount of time the client
has maintained an account with the Advisor (or its affiliated representatives), and/or the combined market
value of related portfolios. While the Advisor believes that its investment advisory fees are competitive, clients
may find lower or higher fees for comparable services from other sources.

Investment advisory fees are charged quarterly in arrears as a percentage of the portfolio value on the last
business day of the quarter or the last value provided by the custodian of the quarter. These asset-based fees
are assessed on all billable assets under management, including securities, cash, and money market funds. The
initial fee will be pro-rated based upon the number of days from the first day of management to the end of the
quarter.

The Advisor may make amendments to the investment advisory fee outlined in the Investment Advisory
Agreement at any time with at least 30-days written notice to the client.

Automatic Debiting of Investment Advisory Fees

Upon establishing an account with the Advisor, the client will authorize and direct the client’s custodian broker-
dealer to debit the client’s account each investment advisory fee payable from the account, which will result
in the client’s custodian broker-dealer sending the investment advisory fee payable directly to the Advisor.

At the beginning of the quarter, the Advisor will direct the client’s custodian broker-dealer to debit the client’s
designated account(s) the amount of the investment advisory fee. If the client’s account does not maintain a
sufficient cash or money market balance to cover the investment advisory fees or is restricted from automatic
debiting of fees, the client may deposit additional funds (subject to certain restrictions for IRA accounts and
Qualified Retirement Plans) or make payment in an alternative manner acceptable to the Advisor. If such funds
are not deposited, certain securities in the client’s account may be liquidated in an amount sufficient to cover
such debits.

                                                                               LWMAS-ADV 2A Retirement Plan Brochure – 04/2026

Brokerage Account Fees

The Advisor’s investment advisory fees are separate from charges assessed by third parties, such as broker-
dealers, custodians, or mutual fund companies.

A client will incur brokerage and other transaction costs charged by broker-dealer(s) executing the transactions
and the custodians maintaining the client’s assets. These costs may include, but are not limited to, brokerage
transaction and money movement costs, commissions, ticket charges, fed fund wire fees, custodial fees, IRA
custodial fees, safekeeping fees, and margin interest. These costs are in addition to the Advisor’s investment
advisory fees and are not shared with the Advisor.

Mutual funds charge an investment management fee, which is in addition to the investment advisory fee a
client pays to the Advisor. Some funds also assess administrative fees and 12b-1 fees.

The Advisor does not receive any portion of these fees. These fees are in addition to the investment advisory
fees the Advisor charges. The client does not pay these fees directly; rather, they are deducted from the mutual
funds’ assets and will affect the performance of the investments. These funds’ advisory, administrative, and
12b-1 fees are described in the funds’ prospectuses. Mutual fund share prices and execution costs differ based
on share class. The Advisor will review the cost of a fund’s share classes in conjunction with execution costs to
assure that it meets its fiduciary duty to obtain best execution.

When investing in exchange traded products (“ETP”), e.g., ETF and ETN, a client will bear the ETP’s
proportionate share of fees and expenses as an investor in the ETP. The client does not pay these fees directly;
rather they are deducted from the ETP’s assets and will affect the performance of the investment.

The Advisor recommends that clients establish brokerage accounts with LPL Financial LLC (“LPL”) or Pershing
Advisor Solutions, LLC (“Pershing”), FINRA-registered broker-dealers, members SIPC, to maintain custody of
their assets and to effect trades for their accounts. Clients should review the expenses associated with each
custodian prior to determining which custodian to choose, as fees differ among custodians and the client could
pay higher fees with one custodian over another.

LPL makes certain mutual funds and ETFs available to the Advisor for no transaction fee (“NTF Securities”).
Clients should understand that while the Advisor attempts to utilize NTF Securities to lower costs to clients, the
Advisor’s investment selections will include mutual funds and ETFs that incur trading fees. Such decisions have
an impact on the investment performance of the client’s account.
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Item 7         Types of Clients

The Advisor is not accepting new clients.

The Advisor generally offers advisory services to individuals; pensions, Taft Hartley plans, and profit-sharing
plans including plans subject to Employee Retirement Income Security Act of 1974 (“ERISA”); for-profit and
non-profit corporations, and other business entities; trusts; estates; and charitable organizations.

                                                                              LWMAS-ADV 2A Retirement Plan Brochure – 04/2026

There is a minimum investment of $100,000 for the Legacy Managed Portfolio program, although the Advisor
may accept smaller accounts at its discretion.