Martinsen Wealth Management LLC

Item 5 Fees and Compensation
     This section provides details regarding the fees and compensation we receive for the services
     we offer. Lower fees for comparable services may be available from other sources. The exact
     fees and other terms will be outlined in the Investment Advisory Agreement between you and
     MWM.

     Fees for Model Portfolios and Direct Asset Management Services

     Fees for Model Portfolios and Direct Asset Management Services are charged based on a
     percentage of assets under management, billed in arrears (at the end of the billing period) on
     a monthly calendar basis and calculated based on the average daily balance of the account for
     the current billing period, according to the fee schedule below (unless otherwise noted in your
     individual Investment Advisory Agreement):

          Assets Under Management             Min. Amount          Max Amount          Annual Fee
                 1st $250,000                       $0               $250,000            1.50%
                2nd $250,000                    $250,001             $500,000            1.40%
                 3rd $250,000                   $500,001             $750,000            1.30%
                 4th $250,000                   $750,001            $1,000,000           1.20%
                Next $500,000                  $1,000,001           $1,500,000           1.00%
               Next $3,500,000                 $1,500,001           $5,000,000           0.75%
              Above $5,000,000                 $5,000,001             And Up             0.50%

     Fees are prorated (based on the number of days service is provided during the initial billing
     period) for your account opened at any time other than the beginning of the billing period. Under
     the average daily balance method, each day’s balance for the month is summed and then divided
     by the number of days in the month to compute the average daily balance. The average daily
     balance is then multiplied by the monthly portion of the annual fee to determine the monthly fee
     due. Cash and/or Money Market funds placed in the account will be included in the average
     daily balance for billing.

     MWM combines the account values of family members living in the same household to
     determine the applicable advisory fee. For example, account values for you and your minor
     children, joint accounts with your spouse, and other types of related accounts may be
     combined. Combining account values may increase the asset total, which may result in your
     paying a reduced advisory fee based on the available breakpoints in our fee schedule stated
     above. MWM also reserves the right to reduce or waive fees at its discretion.

Martinsen Wealth Management, LLC                                                         Form ADV 2A
                                                                                   Version 06-30-2026

    MWM’s fee is deducted directly from your account through the qualified custodian holding your
    funds and securities. Advisory fees are deducted only when you have given our firm written,
    ongoing authorization permitting the fees to be paid directly from your account(s), which
    authorization you must provide for MWM to begin providing investment advisory services to
    you.

    Your qualified custodian will deliver an account statement to you at least quarterly. These
    account statements will show all disbursements from your account, including fees paid to MWM
    for services rendered. You should review all statements for accuracy.

    Pursuant to our agreement with AE Wealth Management as MWM’s third-party billing service
    provider and in accordance with your written authorization, AE Wealth Management will, on
    MWM’s behalf, withdraw the fees directly from your account(s) each month. MWM will then pay
    a portion of the fee to AE Wealth Management for its various services to MWM, including any
    fees associated with MWM’s clients’ use of certain AE Wealth Management models.

    When we use our own model portfolios or direct asset management services, a portion of your
    investment advisory fee is not allocated to a third party manager, but your overall fee will not
    be lower in such circumstances. As a result, MWM is incentivized to select model portfolios that
    we manage in lieu of model portfolios managed by others. We address this conflict of interest
    by disclosing it to you in this brochure and requiring your financial professional to make
    investment recommendations that are in your best interest. The rationale for not reducing your
    fees is that we incur expenses related to the management of our proprietary models.

    MWM believes that its wrap fee is reasonable in relation to services provided and the fees
    charged by other investment advisers offering similar services and programs, but our fee may
    be higher than that charged by other investment advisers offering similar services and
    programs. In addition to our compensation, you may also incur charges imposed at the mutual
    fund level (e.g., advisory fees and other fund expenses).

    In most circumstances, investment advisory fees will be deducted from your account and paid
    directly to our firm by the qualified custodian(s) of your account. You must authorize the qualified
    custodian(s) of your account to deduct fees from your account and pay such fees directly to AE
    Wealth Management as billing agent for MWM. If more convenient for you, you have the
    authority to require us to charge your investment advisory fees to a single, designated account.
    Keep in mind that your custodian will rely on our instructions to charge the designated account
    and will have no responsibility to confirm those instructions with you or verify the amount or
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Item 7 Types of Clients
    MWM offers investment advisory services to the following types of clients:

       •   Individuals;
       •   High net worth individuals;
       •   Corporations and other business entities;
       •   Estates;
       •   Trusts, estates, charitable organizations, foundations, and endowments; and;
       •   Retirement plans.
    Clients are required to execute a written investment advisory agreement with MWM when
    establishing an investment advisory relationship.

Martinsen Wealth Management, LLC                                                           Form ADV 2A
                                                                                     Version 06-30-2026

    Minimum Investment Amounts Required

    In general, MWM requires a minimum of $250,000 to open and maintain an advisory account.
    MWM reserves the right to waive this minimum at its discretion.