M Financial Asset Management Inc

Item 5 — Fees and Compensation

Clients will pay an advisory fee (“Advisory Fee”) for advisory services performed by M Wealth, your
Advisor (if different), and your Financial Professional. The Advisory Fee will be detailed in your Agreement
prior to engagement of advisory services. Advisory Fees are based on the amount of your assets under
our management, computed as noted below, and are payable quarterly, in arrears, and assessed after
the first and before the 15th business day of each quarter. Advisory Fees are debited directly from the
accounts that make up your Portfolio. Should there be insufficient cash available to pay your quarterly
Advisory Fee, M Wealth may liquidate enough securities in your Portfolio to cover the Advisory Fee.
Liquidation of securities may result in additional taxes to you, for which you are solely responsible. Should
you have multiple accounts owned by a single household (for example, two spouses with minor children),
you may request us to aggregate these assets for purposes of calculating the market value at the end of
the quarter, as it may reduce your overall Advisory Fee. All assets are included in this calculation unless
specified by you and agreed upon by your Financial Professional and M Wealth. The Advisory Fee is
negotiable with your Financial Professional and should be discussed prior to entering into an Agreement.

Investment Management Services:
For Investment Management Services clients, the Advisory Fee will be assessed and based on the
market value of the Portfolio after the end of each calendar quarter, and adjusted for large inflows or
outflows of assets during the quarter. 1 In very rare cases, upon your request and with our approval, we

may send you an invoice for the Advisory Fee for Investment Management Services as opposed to a

    The value of the Portfolio is adjusted, on a pro-rata basis, for any cash flows greater than $100,000 during the quarter.

M Financial Asset Management, Inc. (M Wealth)
Form ADV Part 2A – Disclosure Brochure                                                                                          7

direct debit from the Portfolio. The Advisory Fee listed in the table below represents the maximum charges;
yours may be lower and will be detailed in your Agreement.

                        Assets Under Management*                 Advisory Fee
                        On first $1,000,000                         1.30%
                        On next $2,000,000                          1.25%
                        On next $2,000,000                          1.20%
                        On next $5,000,000                          1.10%
                        Over $10,000,000                            1.05%
                           * The minimum size for establishing a Portfolio that utilized our
                             Investment Management Services is generally $1,000,000 per
                             household.

Model Management Services (Not Included in the MPP):
For the six model portfolios that are also available outside of the MPP, your Advisory Fee will be
computed and based on the average daily market value of the account during the preceding quarter.
The Advisory Fee listed in the table below represents the maximum charges, and yours may differ and
will be detailed in your Agreement:

                        Assets Under Management*                 Advisory Fee
                        On first $1,000,000                         1.22%
                        On next $2,000,000                          1.20%
                        On next $3,000,000                          1.17%
                           * The minimum size for establishing an account that utilizes our
                             Model Management Services is generally $10,000. Note that at
                             any balance under $35,715, the maximum Advisory Fee
                             becomes $25 plus 1.15%.

Model Management Services in Retirement Plans
M Wealth offers discretionary management of managed model portfolios within retirement plans as an
“investment manager” for the plan, within the meaning of Section 3(38) of ERISA, and as a “fiduciary” of
the plan with the meaning of ERISA Section 3(21). In providing this service, M Wealth establishes and
maintains a range of strategic asset allocation model portfolios that are offered independently to the
plan’s participants as an investment alternative. Each model portfolio is invested in a diversified mix of
investments which may include mutual funds, ETFs, and short-term investment vehicles as determined
by M Wealth in its discretion as the investment manager. M Wealth establishes the initial allocation
strategy, reallocation of asset classes, and re-balance of each portfolio in its sole discretion. M Wealth
offers this service in conjunction with Financial Professionals of Advisors who are also fiduciaries to the
Retirement Plan. The Advisory Fee for these services is 0.20% of assets under management, and will be
reduced at higher assets levels.

M Financial Asset Management, Inc. (M Wealth)
Form ADV Part 2A – Disclosure Brochure                                                                    8

MPP Wrap Fee Program:
MPP Wrap Program clients may select either Charles Schwab, Inc. (“Schwab”) or NFS as custodian.MPP
Wrap Program fees vary depending upon the custodian but will not exceed 1.36% for accounts with
at least $500,000 in assets. The minimum required account size is$10,000 or $25,000 depending upon
the model selected. Under the MPP, clients receive both investment advisory services and the
execution of transactions for a single, combined annualized fee. Participation in the MPP may cost the
client more or less than purchasing such services separately, if available, depending on, among other
things, the size of the account, and changes in its value over time, the number of transactions and the
...

Item 7 — Types of Clients

M Wealth provides advisory services to a wide variety of clients including but not limited to: individuals,
charitable organizations, corporations, retirement plans (including 401(k) plan fiduciaries and pension
plans) and trusts. Prior to engaging M Wealth services, you will sign an Agreement that will detail M
Wealth services and fees.

The minimum amount to establish and maintain Investment Management Services is generally
$1,000,000, and this amount can be reached by aggregating all accounts owned by a single household
(for example, two spouses with minor children). 401(k) plan clients may have lower account minimums.
The minimum amount to establish and maintain Model Management Services will range between
$10,000 for ESG and lower volatility portfolios to $25,000 for MPP traditional model portfolios. Model
Management Services and MPP minimums are based on each account value and cannot be aggregated
in order to meet the minimum. For further information regarding the MPP Wrap Program, see M
Wealth’s Form 2A Appendix 1 wrap brochure.

M Wealth may not agree to manage a Portfolio if the assets invested are insufficient to implement the
desired services.