MSP Wealth Management LLC

Item 5 – Fees and Compensation

A     Our Fees

      The fees we charge clients for our services are described in this Item 5. All fees will be set
      forth in a written advisory agreement to be executed with the client prior to the
      commencement of any advisory services. While we believe our advisory fees to be
      reasonable in relation to the value of the services we provide, you are advised that lower
      fees for comparable services may be available from other sources. Our fees are negotiable,
      and we may enter into fee arrangements that are materially different than those described
      below.

      Fees for MSP Wrap Fee Program Services. As described above, clients who engage us for
      MSP Wrap Fee Program Services are subject to a bundled Wrap Fee arrangement. Please
      see our Wrap Brochure for full details regarding the nature of our Wrap Fees.

      Fees for Financial Planning Services. We charge hourly fees (typically ranging from $150
      to $250 per hour) or fixed fees (typically ranging from $1,500 to $5,000) for our financial
      planning and consulting services. These fees are negotiable and the specific hourly rate or
      fixed fee applicable to your engagement will be determined prior to the commencement of
      our services based on our expectation of the complexity, time, research, and resources
      required to provide services to you, and any other factors we deem relevant. All fees for
      financial planning services are invoiced directly to the client either monthly or quarterly
      and are payable to us within thirty (30) days of invoicing, unless otherwise agreed in
      writing. For one-time financial planning and consulting engagements, full payment of any
      earned but unpaid fees is due and payable to MSP at the time of delivery of the written
      financial report or checklist to the client.

B     Direct Deduction of Fees

      MSP Wrap Fee Program Services. Our Wrap Fees for MSP Wrap Fee Program Services
      will be directly deducted from your account held at the Custodian. Please see our Wrap
      Brochure for full details regarding our policies for the direct deduction of Wrap Fees from
      client accounts.

      Financial Planning and Consulting Services. Fees for Financial Planning and Consulting
      Services are directly invoiced in paper or electronic form to the client. Client may pay these
      fees by check or other form of payment deemed acceptable by MSP.

MSP WEALTH MANAGEMENT, LLC                               FORM ADV PART 2A - FIRM BROCHURE

C    Additional Fees and Expenses

     MSP Wrap Fee Program Services. MSP’s Wrap Fee covers the costs of our investment
     advice, together with certain custodial, trade execution, and other management costs
     incurred in connection with our management of the client’s designated accounts. Separate
     and in addition to our Wrap Fee, the client shall be solely responsible to bear the costs of
     all internal management fees and other expenses that may be charged by mutual funds
     and/or ETFs to their shareholders.

     Certain additional fees and costs may not be covered by our Wrap Fee, such as custodial
     costs related to certain alternative investments, and the costs of mark-ups, mark-downs,
     and spreads charged in connection with securities transactions. Please see our Wrap
     Brochure and the account opening documentation of your selected Custodian for full
     details regarding the additional fees and expenses which may not be covered by our Wrap
     Fee.

     Financial Planning and Consulting Services. The hourly or fixed advisory fees we charge
     for financial planning and consulting services cover the costs of our investment advice
     only. You will separately bear all costs associated with the implementation and monitoring
     of your investments and accounts (e.g., brokerage commissions, custodial, service, legal
     and/or accounting fees, mutual fund, exchange traded fund, and TPMM management fees
     and sales charges, wire transfer fees, taxes, and all other similar costs, expenses, and
     charges).

     We do not share in any portion of the additional fees and expenses described above. To
     fully understand the total costs you will incur by engaging any of our services, you should
     review the prospectus of each mutual fund, ETF, and/or TPMM advisory program in which
     you participate and the contractual arrangement entered with your Custodian and any other
     third party service providers you elect to retain. For information on our brokerage practices,
     please refer to Item 12 of this brochure.

D    Our Termination and Refund Policy

     Any of our advisory services may be terminated at any time by either party, within five (5)
     business days of entering an advisory agreement, without penalty, and without the client
     incurring any advisory fees to MSP. Thereafter, any of our advisory services may be
     terminated by either party on ten (10) days’ written notice to the non-terminating party.
     Termination of any separate TPMM engagements and refunds shall be governed by the
     terms of conditions of the client’s agreement with the terminated TPMM.

     Where we are compensated by means of an asset-based advisory fee (e.g., our Wrap Fee),
     upon termination, we shall be compensated a pro-rated portion of such fee based on the
     number of days in the terminating period during which services were provided, with any
     excess pre-paid fees returned to the client promptly following termination.

MSP WEALTH MANAGEMENT, LLC                               FORM ADV PART 2A - FIRM BROCHURE

     Where we are compensated by means of hourly fees, all hourly fees incurred but not yet
     paid through termination shall become immediately due and payable to our firm, with any
     excess pre-paid fees returned to the client promptly following termination. Where we are
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Item 7 – Types of Clients

We typically provide investment advice to individuals, high net worth individuals, trusts,
partnerships, corporations, and other business entities. Because each client is unique, they must be
willing to be involved in the planning and ongoing processes of our management of their account.
Such involvement does not have to be time consuming, however we want our clients to remain
informed and have a sense of security about their investments.

We do not require any minimum account size to engage our services.