Meritas Wealth Management LLC

ITEM 5: FEES AND COMPENSATION
Types of Compensation
Asset Management Fees
Meritas bases its asset management fees on a percentage of the client’s assets under
management. The portfolio value of the assets is based on the market value of all securities and
cash in the client’s accounts as of the last trading day of each calendar quarter. Meritas, in its

Meritas Wealth Management Brochure                8                            Revised March 19, 2026

sole discretion, may waive its minimum fee and/or charge a lesser investment advisory fee
based upon certain criteria (e.g., historical relationship, type of assets, anticipated future
earning capacity, anticipated future additional assets, dollar amounts of assets to be managed,
related accounts, account composition, negotiations with clients, etc.) Meritas generally
requires a minimum annual fee of $10,000 per client, which we may waive at our discretion.

                         Assets Under Management            Annual Fee %
                            The first $2,000,000               1.00%
                            The next $3,000,000                0.75%
                            The next $5,000,000                0.50%
                        On amount over $10,000,000             0.40%

Family Plan Fee Schedule
Accounts for the benefit of clients who are part of the same family may be aggregated for the
purpose of calculating the advisory fee. The determination of ‘same’ family will be determined
at the discretion of Meritas.

All fees described above are negotiable. Some accounts are under different fee schedules
honoring prior agreements.

Financial Planning Fees
Fixed fees for financial planning services are negotiated on an individual basis between Meritas
and the client. Factors used in determining the cost of a financial plan include the complexity
and nature of the client’s circumstances and the overall scope of the plan. We structure
financial plans using hourly and/or fixed fees, which typically total between $4,000 and $7,000
for a comprehensive financial plan. Our hourly rate ranges between $175 - $500/hr. depending
on the personnel we deem necessary to complete the client’s project(s). We quote all
estimated rates and/or fees after the complimentary initial client meeting.

Method of Billing
Asset Management Fee Billing
Advisory fees are payable quarterly in advance at the beginning of each calendar quarter. We
charge one fourth of the annual fee each quarter based on the market value of the client’s
portfolio as of the last business day of the prior calendar quarter. For new clients, the first
payment is a combination of (1) the following quarter’s payment in advance, as described
above, and (2) a pro-rata calculation based on all deposits made during the initial partial
quarter. To accommodate historical fee arrangements of an acquired RIA, Meritas also bills
some accounts in arrears. Such accounts are generally billed using an average daily balance
methodology. Advisory fees are generally deducted from a designated client account to
facilitate billing. The client must consent in advance to direct debiting of their investment
account.

Meritas Wealth Management Brochure              9                           Revised March 19, 2026

Financial Plan Billing
Half of the agreed-upon fee is customarily due when the draft financial plan is delivered. The
remainder of the fee is due when the final financial plan is presented to the client.

Consulting/Retainer
Fees for consulting services are generally billed on retainer. We also utilize a retainer for some
accounts that do not meet our minimum annual fee, as described under Asset Management
Fees in this item, above.

Other Fees and Costs
In addition to the management fees set forth above, clients are subject to some or all of the
following costs and expenses:
Assets Transferred into Account(s)
Clients are charged transaction costs associated with the sale of any securities, which are
transferred into their accounts. Investments subject to charges include, but are not limited to,
exchange listed securities, individual bonds, mutual funds (including ETFs), limited partnerships,
and employee stock options.
Account Costs
All fees charged by Meritas are separate and distinct from any fees and expenses charged by
any mutual funds or exchange-traded fund to their shareholders. These fees and expenses are
described in each such fund’s prospectus.
Custodial Fees
All costs and expenses of maintaining custody of client assets with qualified custodians are
charged to the account.
Trading Costs
Client pays transaction fees (ticket charges), which are typically charged by the custodian on a
transaction-by-transaction basis.
Transaction Costs
Client pays all commissions, bid-ask spreads, mark-ups, and similar transaction costs incurred in
connection with the purchase and sale of individual securities.

Refund of Prepaid Advisory Fees
A client agreement can be canceled by either party, for any reason, upon receipt of written
notice and will be effective thirty (30) days after receipt of written notice. Upon termination of
any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid
fees will be due and payable.

ITEM 7: TYPES OF CLIENTS
Meritas generally provides investment advice to individuals, pension and profit-sharing plans,
trusts, and small businesses.

Account Minimum
There is no investment account minimum to secure the services of Meritas. However, Meritas
generally requires a minimum annual fee, as described above in Item 5 – Fees and
Compensation.