Madson Wealth Advisors Inc

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management:

                 Assets Under Management             Annual Percentage of Assets Charge
                      $0 to $100,000.00                           1.50%
                 $100,000.00 to $500,000.00                       1.00%
                  $500,000 to $1,000,000.00                       0.75%
                $1,000,000.00 to $3,000,000.00                    0.50%
               $3,000,000.00 to $ 5,000,000.00                    0.40%
               $5,000,000.00 to $10,000,000.00                    0.35%
              $10,000,000.00 to $25,000,000.00                    0.30%
                  $25,000,000.00 and Above                        0.25%

ADV Part 2A – Firm Brochure                      Page 5                          Madson Wealth Advisors Inc.

Fees to be assessed will be outlined in the advisory agreement to be signed by the Client. Our
firm bills on cash unless indicated otherwise in writing. Annualized fees are billed on a pro-
rata basis quarterly in advance based on the value of the account(s) on the last day of the
previous quarter. Fees are negotiable and will be deducted from client account(s). Our firm
does not offer direct invoicing. As part of this process, Clients understand the following:
    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

Comprehensive Portfolio Management:

                 Assets Under Management              Annual Percentage of Assets Charge
                      $0 to $100,000.00                            1.50%
                 $100,000.00 to $500,000.00                        1.00%
                  $500,000 to $1,000,000.00                        0.75%
                $1,000,000.00 to $3,000,000.00                     0.50%
               $3,000,000.00 to $ 5,000,000.00                     0.40%
               $5,000,000.00 to $10,000,000.00                     0.35%
              $10,000,000.00 to $25,000,000.00                     0.30%
                  $25,000,000.00 and Above                         0.25%

Fees to be assessed will be outlined in the advisory agreement to be signed by the Client. Our firm
bills on cash unless indicated otherwise in writing. Annualized fees are billed on a pro-rata basis
quarterly in advance based on the value of the account(s) on the last day of the previous quarter. Fees
are negotiable and will be deducted from client account(s). Our firm does not offer direct invoicing.
As part of this process, Clients understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

Financial Planning & Consulting:

Our firm charges on an flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $400. Flat fees
range from $2,400 to $5,000. Our firm requires a retainer of the ultimate financial planning or
consulting fee that is good for 12 months after the time of signing. Our firm will not require a retainer
exceeding $1,200 when services cannot be rendered within 6 months.

ADV Part 2A – Firm Brochure                      Page 6                           Madson Wealth Advisors Inc.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, based on a
percentage of the dollar amount of assets in the account(s). These transaction fees are separate from
our firm’s advisory fees and will be disclosed by the chosen custodian. Charles Schwab & Co., Inc.
(“Schwab”) does not charge transaction fees for U.S. listed equities and exchange traded funds.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our firm
does not receive a portion of these fees.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Asset Management and
Comprehensive Portfolio Management services in writing at any time. Upon notice of termination
our firm will process a pro-rata refund of the unearned portion of the advisory fees charged in
advance.

Financial Planning & Consulting clients may terminate their agreement at any time before the
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Pension and Profit Sharing Plans; and
   • Corporations, Limited Liability Companies and/or Other Business Types.

ADV Part 2A – Firm Brochure                    Page 7                             Madson Wealth Advisors Inc.

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.