MWA Financial Services Inc

ITEM 5 - FEES AND COMPENSATION

The specific manner in which investment advisory service fees are charged is established in the
MWAFS Client Advisory Agreement.

The investment adviser service fee will be collected by the IAR as a check written payable to
MWAFS. As per MWAFS policy, cashier's checks cannot be accepted for amounts under
$10,000. The IAR is paid a percentage of the fee that is received by MWAFS in accordance
with the agreement between the IAR and MWAFS. The amount MWAFS pays to the IAR

normally ranges from 55 to 85 percent of the investment adviser service fee collected.

The amount of the investment adviser service fee and the type of fee arrangement is
determined between the client and the IAR and mutually agreed upon in the MWAFS
Client Advisory Agreement. The fee is determined based on anticipated work to be done and
the client’s specific situation and circumstances. Advisory services that are anticipated to be
more complex will generally warrant more time spent and/or a higher fee. Less complex
services will generally warrant less time spent and/or a lower fee.

The IAR will obtain information from the client verbally and from current documents approved
for use by MWAFS. The information gathered during this session will assist the IAR in determining
the most appropriate course of action for the client's financial and investment goals.

Financial planning service fees cannot be deducted from any client’s accounts. The only
advisory fees that are permitted to be deducted directly from a client’s account is a managed
account fee as disclosed in the separate MWAFS Managed Account Brochure.

MWAFS will not accept advance payments for financial planning services that are greater than
$1,200 and more than six months in advance. Typically, MWAFS does not accept payment
for financial planning services until after recommendations have been presented to the client
by the IAR, unless circumstances warrant otherwise.

All fees assessed by MWAFS are subject to negotiation at the sole discretion of MWAFS. It is
possible that the services offered can be obtained elsewhere for a lower charge.

The financial planning services fee charged would fall under one of these two types;
Hourly Rate

The IAR is able to charge an hourly fee for their financial planning services. Fees are based on an
hourly rate of $25 to $500/hour. Hourly fees will be calculated by multiplying the number of
hours of service performed by the designated hourly rate. The hourly rate is decided on by the
client and IAR and will be indicated on the MWAFS Client Advisory Agreement. The hours billed
for and the total fee will be indicated on the New Client Record Form that is sent in with
the client’s check for payment of services.

Flat Fee

The IAR is able to charge a flat fee for their Financial Planning services. The flat fee range is from
$25 to $10,000, depending upon the level and scope of the services required. The flat
fee amount is decided on by the client and IAR and will be indicated on the MWAFS
Client Advisory Agreement and the New Client Record that is sent in with the client’s check
for payment of services.

Ongoing Financial Planning Services

Ongoing financial planning services can be completed for the client under one MWAFS Client
Advisory Agreement, as long as the New Client Record is submitted to MWAFS with the client’s
payment for the services provided and the information on the form aligns with the MWAFS
Client Advisory Agreement that is on file with MWAFS.

    This chart identifies MWAFS service and fee schedule as stated in the MWAFS Client Advisory
    Agreement:

    Service Type             Service Description              Types of Fees              Amounts            Billing Method

                                                          Percentage of Assets                              Fee charged to
                   1    Adviser Managed Account 1                                      0.25-1.50%
                                                          Under Management                                 account quarterly

                               Third-Party                Percentage of Assets                              Fee charged to
                   2                                                                   0.25-1.50%
                            Managed Account 2             Under Management                                 account quarterly

                                                                                                           Check payable to
                                                                  Hourly                 $25-$500         MWAFS collected by
                                                                                                                 IAR
                   3       Financial Planning
                                 Services 3
                                                                                                           Check payable to
                                                                   Flat                $25-$10,000        MWAFS collected by
                                                                                                                 IAR

                
                   4          Advisory 401(k)          Percentage of Plan Assets       0.05-1.50%        Fee charged to plan
                                                          Under Management                                     quarterly

 Adviser managed accounts are non-discretionary brokerage accounts, meaning the IAR must receive authorization from the
Client prior to initiating any transaction and the IAR must act on those instructions in a timely manner.

 Third-party managed accounts give discretion to the third-party portfolio manager, meaning that the third-party manager
...

ITEM 7 - TYPES OF CLIENTS

MWAFS provides investment advisory services to individuals, trusts, high net worth individuals,
corporations and other small businesses.

MWAFS will not provide investment advisory services to a state or local government as defined
under SEC Rule 206(4)-5, commonly referred to as the Pay-to-Play rule.

Minimum account size for managed account programs will vary and may be negotiable at the
discretion of the third-party manager and are outlined in their Form ADV Part 2. Adviser managed
accounts through Pershing have a $50,000 required minimum account balance. MWA Financial
Services reserves the right to waive the required minimum account balance.           MWA Financial
Services also reserves the right to request additional funds or securities be deposited whenever
the asset value of the account falls below the $50,000 minimum balance. See the Managed
Account Brochure for more information.