Magnolia Private Wealth LLC

Item 5: Fees and Compensation

Financial Planning Services

We utilize the following financial planning fee schedule for all Clients:

Fixed Fees: Financial planning fees range from $1,000 to $45,000 depending on the amount of assets
and complexity of the work to be performed. Hourly Fees: An hourly fee that can range up to $500 per
hour. The fee will be agreed upon prior to commencement of services and the fee will be due after
services are rendered. At our sole discretion, you may be required to pay in advance a specified portion
of the fixed fee at the time you execute an agreement with us; however, at no time will we require
payment of more than $1,200 in fees more than six months in advance. Upon completion and delivery
of the financial plan, the fixed fee is considered earned and any unpaid amount is immediately due.

Portfolio Management Services

Percentage of Assets Under Management: You are generally assessed an advisory fee for portfolio
management services which is calculated as a percentage of qualified assets under management in
the account, up to 1.5% per year. You may incur additional expenses outside of the advisory fee charged
to you, more information about these expenses is provided in the Additional Expenses section below
and in Item 12 - Brokerage Practices. You should be aware similar advisory services may be available
from other investments advisers for lower fees.

The annual asset-based fee is paid quarterly in advance. When an account is opened, the asset-based
fee is billed for the remainder of the current billing period and is based on the initial contribution.
Thereafter, the quarterly asset-based fee is paid in advance, is based on the account asset value as of
the last business day of the previous calendar quarter and becomes due the following business day. If
cash or billable securities, or a combination thereof, amounting to at least $100,000 are deposited to
or withdrawn from your account on an individual business day in the first two months of the quarter,
we will: (i) assess asset-based fees based on the value of the assets on the date of deposit for the pro
rata number of days remaining in the quarter, or (ii) refund prepaid asset-based fees based on the
value of the assets on the date of withdrawal for the pro rata number of days remaining in the quarter.
No additional asset-based fees or adjustments to previously assessed asset-based fees will be made
in connection with deposits or withdrawals that occur during the last month of the quarter unless
requested by you in writing. Upon termination of this agreement by either party we will refund prepaid
asset-based fees based on the value of the assets on the date of the termination for the pro rata
number of days remaining in the quarter; however no additional asset-based fees or adjustments to
previously assessed asset-based fees will be made for account terminations that occur during the last
month of the quarter unless requested by you in writing.

The Fee charged to the account is negotiable and is set forth in the portfolio management services
agreement ("Agreement"). Upon entering into the Agreement, you will need to open a brokerage
account with an independent and unaffiliated broker/dealer, Charles Schwab & Co., Inc. (Schwab)
FINRA/SIPC member or Fidelity Brokerage Services, LLC (Fidelity) NYSE/SIPC member. Schwab or
Fidelity will provide you with securities custodial and execution services. In limited circumstances,

magnoliapw.com                                                                                          6

Client assets may be held at other qualified custodians including unaffiliated banks, trust companies,
or insurance companies. Our firm shall never have custody of your funds or securities. We do not
impose a minimum to open and maintain an advisory account. Payment for management fees will be
made by the qualified custodian holding your funds and securities, provided that you grant written
authorization permitting the fees to be paid directly from your account. Our firm will not have access
to your funds for payment of fees without your granting such consent in writing. Further, the qualified
custodian agrees to deliver a monthly account statement directly to you showing all disbursements
from the account. You are encouraged to review your account statements for accuracy. Either our firm
or you may terminate the management agreement upon 30 days' written notice to the other.

Unless you receive the firm's disclosure brochure at least 48 hours prior to signing the advisory or
planning agreement, the agreement may be terminated within five (5) business days without
incurring advisory fees or penalties.

Employee Benefit Plan Services

Fees are determined by the size and demographics of the plan, number of participants, types of
investments requested by the plan trustee or plan administrator, and design of the plan. We will
render services for plan analysis, design, comparison, recommendations, and ongoing service. Fixed
Fees: fees will range from $1,500 - $45,000 annually, paid quarterly in advance. Percentage of Assets
Under Management: fees will be paid as a percentage of plan assets, not to exceed 0.50% per year.
Upon termination of the agreement, any unearned fee will be refunded to the Client.

Additional Fees and Expenses

Magnolia’s fees do not include brokerage commissions, transaction fees, and other related costs and
expenses which may be separately charged to a client. These charges are imposed by custodians,
brokers, and other third parties—such as fees charged by managers, custodial fees, deferred sales
charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual Funds, Exchange-Traded Funds
(ETFs), and other Pooled Investment Vehicles also charge internal management fees, which are
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Item 7: Types of Clients

We offer investment advisory services to individuals, banks and thrift institutions, pension and profit-
sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. We
generally do not impose a minimum to open and maintain an advisory account.