NDWM LLC

Item 5: Fees & Compensation

We are required to describe our brokerage, custody, fees, and fund expenses so you will know
how much you are charged and by whom for our advisory services provided to you. Our fees
are generally negotiable.

Investment Management:
The maximum annual fee charged for these services will not exceed 1.25%. Fees are
determined by individual investor attributes, such as age, time horizon, risk tolerance, net
worth, and financial goals. Fees are negotiable and will be deducted from the client
account(s). Wherever appropriate, fees will be debited from what we believe to be the most
advantageous account within the household. Fees to be assessed will be outlined in the
advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata basis
quarterly in advance based on the value of the account(s) on the last day of the previous
quarter. Adjustments will be made for deposits and withdrawals during the quarter. Our firm
does not offer direct invoicing. Our firm bills on cash unless otherwise agreed upon.
The maximum annual fee charged to clients utilizing third-party managers will not exceed the
maximum fee published above for this service. Our firm will debit fees for this service as
disclosed in the executed advisory agreement between the client and our firm. This fee shall be
in addition to any fees assessed by the chosen third-party manager. The third-party managers
we recommend will not directly charge you a higher fee than they would have charged without
us introducing you to them. Third-party managers establish and maintain their own separate
billing processes over which we have no control. They will directly bill you and describe how
this works in their separate written disclosure documents.

As part of this process, Clients understand the following:

     a) The client’s independent custodian sends statements at least quarterly showing the
        market values for each security included in the Assets and all account disbursements,
        including the amount of the advisory fees paid to our firm;
     b) Clients will provide authorization permitting our firm to be directly paid by these terms.
        Our firm will send an invoice directly to the custodian; and
     c) If our firm sends a copy of our invoice to the client, urging the comparison of information
        provided in our statement with those from the qualified custodian will be included.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services.
The total estimated fee, as well as the ultimate fee charged, is based on the scope and
complexity of our engagement with the client. The maximum hourly fee to be charged will not
exceed $250. Flat fees range from $1,200 to $10,000. The fee-paying arrangements will be
determined on a case-by-case basis and will be detailed in the signed consulting agreement.

ADV Part 2A – Firm Brochure                  Page 6                      Nerad + Deppe Wealth Management

Our firm will not require a retainer exceeding $1200 when services cannot be rendered within
six months.

Financial Planning & Consulting clients who also engage our firm for Investment Management
services may elect to have fees for financial planning and consulting services to be deducted
from their managed account(s) on a pro-rata basis quarterly basis in advance. As part of this
process, Clients understand the following:

     a) Clients must provide our firm with written authorization permitting direct payment of
        advisory fees from their account(s) maintained by a custodian who is independent of our
        firm;
     b) Our firm sends quarterly statements to the client showing the fee amount, the value of
        the assets upon which the fee is based, and the specific manner in which the fee is
        calculated as well as disclosing that it is the client’s responsibility to verify the accuracy
        of fee calculation, and that the custodian does not determine its accuracy; and
     c) The account custodian sends a statement to the client, at least quarterly, showing all
        account disbursements, including advisory fees.

Other Types of Fees & Expenses:

Clients may incur transaction charges for trades executed by their custodian via individual
transaction charges. These transaction fees are separate from our fees and will be disclosed by
the account custodian. Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for
U.S. listed equities and exchange-traded funds for client who opt into electronic delivery of
statements or maintain at least $1 million in assets at Fidelity. Clients who do not want to meet
either criteria will be subject to transaction fees charged by Fidelity for U.S. listed equities and
exchange-traded funds. Fidelity also charges an annualized fee of $20 in quarterly installments
for each client account custodied at Fidelity.

Clients may also pay holdings charges imposed by the chosen custodian for certain
investments, charges imposed directly by a mutual fund, index fund, or exchange-traded fund
which shall be disclosed in the fund’s prospectus (e.g., fund management fees, distribution
fees, surrender charges, IRA and qualified retirement plan fees, mark-ups and mark-downs,
spreads paid to market makers, fees for trades executed away from custodian, wire transfer
fees and other fees and taxes on brokerage accounts and securities transactions). Our firm
does not receive a portion of these fees.

Our firm, in its sole discretion, may waive its minimum account balance requirement and/or
charge a lesser financial planning or 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.).

Termination & Refunds:
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Item 7: Types of Clients & Account Requirements

We have the following types of clients:
   • Individuals;
   • High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations; &
   • Pension and Profit-Sharing Plans.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • We generally require a minimum account balance of $500,000 for our Investment
       Management service. However, our firm, in its sole discretion, may reduce or waive the
       minimum account balance requirement on a case-by-case basis.
   • Written financial plans are generally assessed a minimum fee of $1,200.

Clients who opt into electronic delivery of statements or maintain at least $1 million in assets at
Fidelity will not be charged transaction fees for U.S. listed equities and exchange-traded funds.