Monterey Wealth Partners LLC

Fees and Compensation

The following types of fees will be assessed:

Asset Management - Individuals
Fees are charged in arrears, monthly and are based primarily on asset size and the level of
complexity of the services provided. Monterey Wealth has the sole discretion to negotiate fees
that are lower than the standard fee shown or to waive fees. Fees are not based on the share of

capital gains or capital appreciation of the funds or any portion of the funds. Comparable
services for lower fees may be available from other sources. Fees for the initial month will be
prorated based upon the number of calendar days in the calendar month that the advisory
agreement is in effect. Fees are based upon the market value of the assets on the last business
day of the previous month. Annual fees range up to 1.50%, depending on the amount of assets
under management (“AUM”) – see chart below. Consulting services are included in these fees
for asset management services with the exception of unique circumstances that may require a
separate agreement for financial planning services (description and fees are discussed below). If
the situation warrants separate financial planning fees, it will be discussed prior to services being
provided and a separate agreement will be negotiated.

Asset Management - Institutions
Fees are charged in arrears, monthly, quarterly, semi-annually, or annually depending on the
negotiated billing arrangement with the plan sponsor. The fees may be charged to the plan
sponsor or to the plan participant depending upon the discretion of the plan sponsor. The fees
are based primarily on asset size and level of complexity of services provided. Monterey Wealth
has the sole discretion to negotiate fees that are lower than the standard fee shown or to waive
fees. Fees are not based on the share of capital gains or capital appreciation of the funds or any
portion of the funds. Comparable services for lower fees may be available from other sources.
Annual fees range up to 1.50%, depending on the plan size.

Fee Schedule for Asset Management:

  Total Account Value                                  Maximum Annual Advisory Fee
 Under $10,000,000                                               1.50%
 $10,000,000 or more                                            Negotiable

As authorized in the client agreement, the account custodian withdraws Monterey Wealth’s
advisory fees directly from the clients’ accounts according to the custodian’s policies, practices,
and procedures. The custodial statement includes the amount of any fees paid to Monterey
Wealth for advisory services. You should carefully review the statement from your
custodian/broker-dealer’s statement and verify the calculation of fees. Your custodian/broker-
dealer does not verify the accuracy of fee calculations.

Fees are charged in arrears on a primarily monthly basis, meaning that advisory fees for a month
are charged on the last day of the month. Clients may terminate investment advisory services
obtained from Monterey Wealth, without penalty, upon written notice within five (5) business
days after entering into the advisory agreement with Monterey Wealth. The client is responsible
for any fees and charges incurred by the client from third parties as a result of maintaining the
account such as transaction fees for any securities transactions executed and account
maintenance or custodial fees. Thereafter, the client may terminate advisory services upon
written notice delivered to and received by Monterey Wealth. Clients who terminate investment
advisory services during a month are charged a prorated advisory fee based on the date of
Monterey Wealth’s receipt of client’s written notice to terminate. Any earned but unpaid fees
are immediately due and payable, and any prepaid and unearned fees will be immediately
refunded.

Financial Planning – Financial planning services are charged in advance through a fixed fee or
hourly arrangement as agreed upon between the client and Monterey Wealth. There will never
be an instance where $1,200 or more in fees is charged six or more months in advance. Hourly
fees are generally charged when the scope of services cannot be determined or if the services are
limited to one meeting. Fixed fees are generally quoted to the client for longer term consulting
projects. Fees are negotiable and vary depending upon the complexity of the client situation and
services to be provided. Hourly fees range from $400 - $600 per hour, depending on what is
negotiated between Monterey Wealth and the client. Similar financial planning services may be
available elsewhere for a lower cost to the client. Fixed fees for longer-term consulting projects
range from $1,500 to $7,500 per project. An estimate for total hours and charges is determined
at the start of the advisory relationship.

Typically, clients will be invoiced monthly for all time spent by Monterey Wealth as agreed
upon by client or upon completion of the services if less than a month. Clients who wish to
terminate the planning process prior to completion may do so with written notice. The client
may obtain a refund of a pre-paid fee if the advisory contract is terminated before the end of the
billing period by contacting David Duncan, Chief Compliance Officer, at (404) 201-2284. Upon
receipt of written notification, any earned fee will immediately become due and payable, and any
prepaid and unearned fees will be immediately refunded. A client may terminate an advisory
agreement without being assessed any fees or expenses within five (5) days of its signing.

Additional Fees and Expenses

In addition to advisory fees paid to Monterey Wealth as explained above, clients may pay
custodial service, account maintenance, transaction, and other fees associated with maintaining
the account. These fees vary by broker and/or custodian. Clients should ask Monterey Wealth
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Types of Clients

Monterey Wealth offers investment advisory services to individuals, high net worth individuals,
corporations, and pension and profit-sharing plans. There is no minimum account size to open
and maintain an advisory account with Monterey Wealth.

Form ADV, Part 2A, Item 8

       Methods of Analysis, Investment Strategies, and Risk of Loss

Monterey Wealth’s methods of analysis and investment strategies incorporate the client’s needs
and investment objectives, time horizon, and risk tolerance. Monterey Wealth is not bound to a
specific investment strategy for the management of investment portfolios, but rather consider the
risk tolerance levels pre-determined gathered at the account opening, as well as on an on-going
basis. Examples of methodologies that our investment strategies may incorporate include:

Asset Allocation – Asset Allocation is a broad term used to define the process of selecting a mix
of asset classes and the efficient allocation of capital to those assets by matching rates of return
to a specified and quantifiable tolerance for risk.

Dollar-Cost Averaging – Dollar-cost averaging is the technique of buying a fixed dollar amount
of securities at regularly scheduled intervals, regardless of the price per share. This will
gradually, over time, decrease the average share price of the security. Dollar-cost averaging
lessens the risk of investing a large amount in a single investment at the wrong time.

Technical Analysis – involves studying past price patterns and trends in the financial markets to
predict the direction of both the overall market and specific stocks.

Long-Term Purchases – securities purchased with the expectation that the value of those
securities will grow over a relatively long period of time, generally greater than one year.

Short-Term Purchases – securities purchased with the expectation that they will be sold within a
relatively short period of time, generally less than one year, to take advantage of the securities’
short term price fluctuations.

Our strategies and investments may have unique and significant tax implications. Regardless of
your account size or other factors, we strongly recommend that you continuously consult with a
tax professional prior to and throughout the investing of your assets.

Investing in securities involves risk of loss that clients should be prepared to bear. Although we
manage your portfolio with strategies and in a manner consistent with your risk tolerances, there
can be no guarantee that our efforts will be successful. You should be prepared to bear the risk
of loss.

All investments involve the risk of loss, including (among other things) loss of principal, a
reduction in earnings (including interest, dividends, and other distributions), and the loss of
future earnings. These risks include market risk, interest rate risk, issuer risk, and general
economic risk. Regardless of the methods of analysis or strategies suggested for your particular
investment goals, you should carefully consider these risks, as they all bear risks.

Monterey Wealth’s primary goal for investing is to help the client maintain purchasing power
over the long term. This may result in short term variability and loss of principal. Time horizon
and risk tolerance are key determinates of the proper asset allocation. Monterey Wealth’s
approach focuses on taking appropriate risks for which clients are compensated (i.e. market risk)
and seeking to limit or eliminate risks that do not provide compensation over the long term (i.e.
individual stock risk or lack of portfolio risk).

Below are some more specific risks of investing:

Market Risk. The prices of securities in which clients invest may decline in response to certain
events taking place around the world, including those directly involving the companies whose
securities are owned by the client or an underlying fund; conditions affecting the general
economy; overall market changes; local, regional or global political, social or economic
instability; and currency, interest rate and commodity price fluctuations. Investors should have a
long-term perspective and be able to tolerate potentially sharp declines in market value.

Management Risk. Monterey Wealth’s investment approach may fail to produce the intended
results. If our perception of the performance of a specific asset class or underlying fund is not
realized in the expected time frame, the overall performance of client’s portfolio may suffer.

Equity Risk. Equity securities tend to be more volatile than other investment choices. The value
of an individual mutual fund or ETF can be more volatile than the market as a whole. This
volatility affects the value of the client’s overall portfolio. Small- and mid-cap companies are
subject to additional risks. Smaller companies may experience greater volatility, higher failure
rates, more limited markets, product lines, financial resources, and less management experience
than larger companies. Smaller companies may also have a lower trading volume, which may
disproportionately affect their market price, tending to make them fall more in response to
selling pressure than is the case with larger companies.

Fixed Income Risk. The issuer of a fixed income security may not be able to make interest and
principal payments when due. Generally, the lower the credit rating of a security, the greater the
risk that the issuer will default on its obligation. If a rating agency gives a debt security a lower
rating, the value of the debt security will decline because investors will demand a higher rate of
return. As nominal interest rates rise, the value of fixed income securities is likely to decrease. A
nominal interest rate is the sum of a real interest rate and an expected inflation rate.

Municipal Securities Risk. The value of municipal obligations can fluctuate over time, and may
be affected by adverse political, legislative and tax changes, as well as by financial developments
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