Means Investment Co Inc

Item 5 – Fees and Compensation
Investment Advisory Services

Means Wealth is a fee-only investment advisor. Advisory Fees for Fidelity Brokerage Services, LLC
(Fidelity) accounts and American Funds Service Company (American Funds) 529 accounts indirectly
billed to a Fidelity account are marginalized, paid monthly in arrears, and prorated if necessary. Fees
for American Funds accounts directly billed to their respective accounts are not marginalized and are
paid quarterly in arrears. Fees are based on the average of the daily balance of account assets during the
billing period.

Advisory fees are deducted directly from the client account. If there is insufficient cash in an account at
the time the Advisory Fee is to be paid, the client understands and acknowledges that we can sell account
assets to generate sufficient cash to make payment. This can create a taxable gain or tax loss for the
client. If assets are illiquid and we determine a sale is not feasible or the account otherwise cannot be
withdrawn automatically, the client may be invoiced for the period. The client agrees to pay this invoice
within ten (10) days of receipt. Clients with multiple accounts can designate a single account to be billed
for the Advisory Fee for multiple accounts. Clients can request to be invoiced for investment advisory
fees. The client Agreement can be terminated upon thirty (30) day notice by either party. If a client
Agreement is terminated and all account assets are withdrawn from the Account prior to the end of a
billing period, the Advisory Fee will be pro-rated.

The annual fee schedule for Investment Advisory Services is as follows:
      Donor-Advised Funds and 529 Accounts: 0.75%
      All other accounts:
           Assets Under Management                  Annual Fee
           First $100,000                           2.00%
           $100,001 - $500,000                      1.60%
           $500,001 - $1,000,000                    1.25%
           Over $1,000,000                          1.00%

The amount of a client’s account assets affects our advisory fee; the more assets the client has in their
account(s), the more the client will pay in advisory fees and thus we have an incentive to increase those
assets to increase our fee. However, if a client is on our tiered fee schedule, as the assets increase in their
account(s), their fee percentage for each tier of assets decreases.

Means Wealth, in its discretion, can charge higher or lower investment advisory fees, charge a flat fee,
or charge a fee on a different interval, based upon certain criteria (i.e., anticipated future additional
assets, dollar amount of assets to be managed, related accounts, account composition, complexity of the
engagement, grandfathered fee schedules, employees and family members, courtesy accounts,
negotiation with clients, etc.). As a result of the above, similarly situated clients could pay different fees.
Clients may receive comparable services from other sources at different fee rates.

Financial planning services are provided to ongoing clients as a part of portfolio management services.

Accounts in the same household generally receive the benefit of aggregating assets to reach fee
breakpoints. Means Wealth reserves the right to negotiate investment management fee arrangements
with prospective and existing clients, make exceptions to its standard fee schedule on a case-by-case
basis at its discretion, and to charge a minimum annual fee for providing Investment Advisory Services
of up to $5,000. Non-discretionary accounts and qualified charitable organizations often pay a lower
fee. We provide advisory services to an investment club for a discounted fee.

We do not charge transaction fees, commissions, markups, or custodial fees. Some investments (e.g.,
mutual funds, etc.) carry additional expenses that reduce the return on the investment over time. When
screening mutual funds, we only recommend “no-load” or load-waived funds, and do not accept any
fees from the funds or their sponsors.

Any fees charged by a Sub-Adviser will be disclosed to the client via a sub-advisory agreement and will
be in addition to the advisory fees charged by Means Wealth.

Financial Planning Services

As mentioned in Item 4 – Advisory Business, Means Wealth offers financial planning-only services to
prospective clients on a limited basis. Fees for these services are listed below. However, these fees may
vary depending on the complexity of the relationship and at times we offer financial planning services
pro bono as part of an education initiative.

Initial Review and Financial Plan: $2,500 (includes an initial review meeting, analysis and financial
plan development, and customized recommendations)

Annual Financial Plan Reviews: $500 each

Additional Financial Plan Reviews: $500 each

Exit Planning Services

As mentioned in Item 4 – Advisory Business, Means Wealth offers exit planning services to
business‑owner clients. Exit planning fees are separate from and in addition to any fees charged for
ongoing investment management or financial planning services and are defined in a separate written
engagement agreement.

The Firm offers exit planning services pursuant to a separate standalone engagement agreement and
charges a fixed, project‑based planning fee agreed to in advance. Exit planning fees typically range from
approximately $15,000 to $50,000, depending on the scope and complexity of the engagement. In
determining the fixed planning fee, the Firm considers factors such as the size and complexity of the
client’s business, ownership and entity structure, the anticipated scope of planning services, the extent
of coordination with other professional advisers, and the expected duration of the engagement. Exit
planning fees are not contingent on the completion of any transaction, the timing of a business
transition, or the value of any business sale.

Item 7 - Types of Clients
We provide portfolio management services to individuals, high net worth individuals, trusts, estates,
non-profit organizations, corporations and other business entities. Our minimum household
relationship size is $1,000,000, which is waived at our discretion.