McCartney Wealth Management LLC

Fees & Compensation
For a majority of our clients, we offer planning services, where
we work closely with clients and their other professional                 Financial Planning Fees
advisors, such as attorneys, accountants, and insurance                   We normally charge, subject to negotiation, 15-20 basis
providers, to develop detailed strategies in the critical areas           points per year of their assets under management with us for
of goals, cash flow, taxes, investments, retirement and estate
                                                                          basic financial planning, including preparing a comprehensive
planning. We help a client assess the client’s current situation
                                                                          financial plan, and basic estate and tax planning. Fees for
and set personal and financial goals, help a client develop               sophisticated and more complex planning will be discussed
strategies and identify the first action steps and then
                                                                          and negotiated on a case-by-case basis. A client will pay the
implement the client’s plan. We then monitor and refine the
                                                                          annual financial planning fee in quarterly installments in
situations as they arise. MWM is not a law firm and neither
                                                                          advance.
MWM nor Mr. McCartney provide any legal services through
MWM.                                                                      Investment Management Fees
Investment Management                                                     Our investment management fees are a percentage of client
                                                                          assets we manage as follows:
Academic research and financial science lead the way in
understanding risk and return in securities markets. We                            Market Value of Assets           Annual Fee
utilize this research and science in the development of tax
                                                                                    On the first $1,000,000               1.0%
efficient, diversified portfolios for its clients. We help a client
assess their current situation and set investment goals; help a                     On the next $1,000,000               0.75%
client develop greater insight into the capital markets, design
                                                                                    On amounts over $2 million           0.50%
a personalized investment strategy and create plan, and then
help implement, maintain, and refine the client’s plan. As part           When assets reach $3,000,000 or greater, a flat ½ of 1%
of this process, we design a customized client portfolio based            (.50%) will be charged on all assets.
upon an asset allocation strategy that is consistent with the
                                                                          General Fee Matters
client’s investment objectives, risk tolerance and investment
time horizon or liquidity needs. On an ongoing basis, we                  All fees set forth above are billed quarterly in advance. The fee
monitor the performance of a client’s portfolio and may                   does not include custodial fees, transaction costs or other
rebalance as necessary to conform to the recommended                      expenses charged by the client’s custodian or broker. Each

mutual fund or ETF in which the client’s assets may be                For investment management clients, we utilize software to
invested charges its own advisory fee and other expenses.             develop customized client portfolios based on a long-term
However, we do not use funds that charge front-end or                 asset allocation strategy that is consistent with the client’s
ongoing loads or 12(b)-1 fees. Fees do not include travel or          investment objective and risk tolerance. We typically use
other expenses we incur.                                              academic research in analyzing investment products that we
                                                                      recommend to clients. We analyze mutual fund and exchange
A Client Agreement also may be terminated by either client or
                                                                      traded fund shares based on the fund’s total operating
us upon ten days’ prior written notice. Clients who terminate
                                                                      expenses, portfolio turnover, investment objective and
their Client Agreement will receive a refund of the portion of
                                                                      investment restrictions and limitations. We typically
any fee paid but not yet earned as of the date such notice is
                                                                      recommend that clients invest in no-load institutional mutual
received, less any expenses we have incurred up to and
                                                                      funds that have low operating expenses, low portfolio
including that date.
                                                                      turnover, below-average capital gains distributions and a
Fees are negotiable and may be waived in certain                      fundamental investment objective of investing primarily in a
circumstances (e.g., for family members and friends of                particular asset class.
McCartney Wealth Management employees).
                                                                      Investing in securities, including mutual funds and ETFs,
The specific manner in which our fees are charged is                  involves risk of loss that clients should be prepared to bear.
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