Modern Wealth Management LLC

ITEM 5 - FEES AND COMPENSATION

COST OF SERVICES

Each client will enter an agreement that outlines MWM’s services, trading authority, and costs (“Agreement”). Costs
are negotiated with each client and are customized depending on several factors.

                                            Annual Fee Calculation
                                          1.50% on the first $499,999, then
                                   1.25% on assets of $500,000 to $999,999, then
                                 1.00% on assets of $1,000,000 to $2,999,999, then
                                 0.75% on assets of $3,000,000 to $4,999,999, then
                                 0.65% on assets of $5,000,000 to $9,999,999, then
                                         0.55% on assets over $10,000,000

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The applicable fee rates will be applied to each corresponding tier of AUM as outlined above. This means that for each
tier of AUM, the specified fee rate will be applied only to the portion of the client’s assets that falls within that tier,
according to the fee structure.

MWM will typically add (aggregate) asset amounts in accounts from the client’s same household together to
determine the advisory fee for all client accounts. MWM will do this, for example, where we also service accounts for
minor children, individual and joint accounts for a spouse, and/or other related accounts. This consolidation practice
is designed to benefit the client from an increased asset total, which could potentially cause your account(s) to be
assessed a reduced advisory fee based on the asset levels available in our fee schedule.

For eligible First Responder and Military client households, MWM offers a discounted advisory fee rate of 1.25% on
assets in the $0–$499,999 tier of our fee schedule; all other asset tiers are billed at our standard rates. “First
Responder” and “Military” eligibility is determined under our internal program criteria (generally covering law
enforcement, firefighters, emergency medical personnel, and U.S. Armed Forces members, retirees, and qualifying
veterans). MWM may modify or discontinue this discount in accordance with the client agreement.

The actual fees paid by each client are listed in the Agreement executed by the client and accepted by MWM. As
directed in the Agreement, the costs agreed to may be negotiated and may be lower than the rates noted in the
standard fee schedule above.

In limited circumstances, MWM may work with clients using a negotiated annual flat fee rate. The annual fee will be
quoted as a percentage of the current market portfolio or can be a stated dollar figure. The specific determination of
the amount charged is based on a combination of the following factors: (1) services provided as defined in the client
agreement, (2) assets in the account, (3) complexity of the investment strategy and planning services, and (4) the
estimated investment in time MWM will spend providing services for the client.

Generally, fees are billed quarterly in advance. The fees are calculated based on the market value of the Portfolio
(including cash and equivalents, including money market funds) multiplied by the annual fee rate and prorated for the
applicable billing period. The initial fee will be based upon the date the account is accepted for management or when
the assets are transferred through the last day of the current calendar quarter. Thereafter, the fee will be based on
the market value of the account on the last day of the previous calendar quarter and will cover the period from the
first day of the calendar quarter through the last day of the calendar quarter. MWM uses third-party vendors to
provide the market value of the account for billing purposes. Third-Party Money Manager fees may be in addition to
the fees charged by MWM and may be incurred on a different cadence than MWM’s (e.g., monthly in arrears). These
fees will be outlined in a separate addendum to the Advisory Agreement signed by the client.

clients should understand that the advisory fees charged on these balances may exceed the returns provided by cash,
cash equivalents, or money market funds, especially in low-interest rate environments.

When MWM acquires new client accounts through the acquisition of an investment advisory practice, MWM may
continue to honor the pre-existing fee arrangement for those clients. In addition, for a limited transition period, MWM
may continue to follow certain pre-existing billing practices (such as billing cadence or timing) to facilitate integration,
provided such practices are disclosed to the client and documented in the applicable agreement or transition
communications. A client’s “legacy” positions that we continue to monitor or manage are included in our advisory fee,
as described in the client’s signed advisory agreement.

MODULAR PLANNING FEES

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Certain planning services can be performed for a standalone fee. The services associated with these fees are
summarized above in Item 4, “Modular Planning Services.” Generally, the specific determination of the amount
charged is based on a combination of the following factors: (1) services provided identified in paragraph 1 of the
Advisory Agreement; and (2) the complexity of the planning needs including the amount and type of client assets
included in the planning. In certain instances, MWM may discount the fees at its discretion.

      FINANCIAL PLANNING FEES
      Clients who engage MWM to prepare only a financial plan and choose to decline investment management
      services may pay a fee between $2,500 and $10,000. The actual fee will be determined based on the
...

ITEM 7 – TYPES OF CLIENTS

We provide investment advisory services to individuals, high net-worth individuals, trusts, estates, charitable
organizations, pension and retirement plans (and, in certain cases, their participants), broker-dealers, and
corporations. Our minimum account value requirement is $250,000 in investable assets per household, although the
account minimum may be waived or negotiated at our discretion.

Certain programs and client relationships (including those serviced through the MSI Evolve program) may have
different minimums or no minimum due to program structure, account type, or other facts and circumstances. In

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addition, certain third-party money managers (“TPMMs”) may impose minimum investment requirements that differ
from those of MWM.