Neumann Capital Management LLC

Item	5	–	Fees	and	Compensation

NCM	provides	services	on	a	fee-only	basis.		This	means	that	the	fees	we	charge	are	based
on	the	value	of	the	assets	that	we	manage.		We	do	not	get	paid	commissions	on	transactions
or	for	selling	you	products.

Comprehensive	Wealth	Management	Program

    Our	annual	fee	is	a	percentage	(%)	of	the	market	value	of	the	portfolio,	between	0.50%
    and	0.90%,	as	follows	(minimum	$1,000,000	portfolio	required	for	new	clients):

                     Market	Value	of	Total	Portfolio                          Annual	Fee

        												Between	$1,000,000	and	$1,999,999	 	 0.90%
                    Between	$2,000,000	and	$2,999,999		                       0.80%
        												Between	$3,000,000	and	$3,999,999													0.70%
        												Between	$4,000,000	and	$4,999,999													0.60%
        												Greater	than	$5,000,000																																		 0.50%

                                 NEUMANN CAPITAL MANAGEMENT, LLC
                          303 Vintage Park Drive, Suite 100   Foster City, CA 94404
                   Tel: (650) 548-9200    www.neumanncapital.com      Fax: (650) 548-9209

                                                                                         SEC Form ADV Part 2A
                                                                                                    Brochure

We	charge	an	annual	minimum	fee	of	$9,000.

Fees	are	pro-rated	and	charged	each	quarter,	in	arrears,	based	on	the	market	value	of
the	assets	in	the	portfolio	on	the	last	day	of	the	previous	quarter.

    For	example,	on	a	portfolio	worth	$2,500,000	at	the	end	of	a	quarter,	the	annual	fee
    is	$20,000	($2,500,000	x	0.80%).		The	fee	for	that	quarter	is	$5,000	($20,000	/	4).

    And	if	that	same	portfolio	is	worth	$2,520,000	at	the	end	of	another	quarter,	the	fee
    for	that	quarter	is	$5,040	($2,520,000	x	0.80%	/	4).

We	send	our	clients	an	invoice	each	quarter.		Fees	are	paid	by	direct	deduction	from
client	accounts.		The	ability	for	NCM	to	directly	deduct	its	fees	from	client	accounts	is
authorized	through	the	account	agreement	that	clients	sign	with	Schwab,	custodian	for
our	clients’	accounts	(see	Item	12	–	Brokerage	Practices).		Clients	that	have	authorized
their	custodian	to	pay	our	fees	directly	from	their	account	are	advised	that	it	is	the
client’s	responsibility	to	verify	the	accuracy	of	the	fee	calculation,	as	Schwab	will	not
determine	whether	the	fee	is	properly	calculated.	If	agreed	upon	by	NCM,	a	client	may
instead	pay	fees	by	check.		Fees	paid	by	check	are	due	upon	receipt	of	the	quarterly
invoice.

At	our	discretion,	we	may	waive	the	annual	minimum	fee	and/or	charge	a	lesser	annual
fee	based	on	certain	criteria	(i.e.,	historical	relationship,	type	of	assets,	anticipated
future	additional	assets,	dollar	amount	of	assets	to	be	managed,	related	accounts,
account	composition,	etc.).

The	annual	fees	we	charge	include	portfolio	management,	financial	planning,	and
consulting	services.		However,	if	a	client	requires	extraordinary	planning	and/or
consultation	services,	we	may	determine	to	charge	for	such	additional	services.		Such
additional	charges	will	be	mutually	agreed	upon	in	advance	and	put	in	writing.

Our	fees	are	exclusive	of	brokerage	commissions,	transaction	fees,	and	other	related
costs	and	expenses,	if	any,	which	shall	be	incurred	by	the	client.		Clients	will	incur
certain	charges	imposed	by	third	parties,	such	as	custodians,	brokers,	third	party
investment	and	others	for	fees	such	as	custodial	fees,	deferred	sales	charges,	odd-lot
differentials,	transfer	taxes,	wire	transfer	and	electronic	fund	fees,	and	other	fees	and
taxes	on	brokerage	accounts	and	securities	transactions.		Mutual	funds	and	exchange
traded	funds	also	charge	internal	management	fees,	which	are	disclosed	in	a	fund’s
prospectus.		Such	charges,	fees,	and	commissions	are	exclusive	of	and	in	addition	to	our
fee,	and	we	shall	not	receive	any	portion	of	these	commissions,	fees,	and	costs.		Details
of	the	commissions	and	fees	charged	by	Schwab	are	available	at	www.schwab.com.

                              NEUMANN CAPITAL MANAGEMENT, LLC
                       303 Vintage Park Drive, Suite 100   Foster City, CA 94404
                Tel: (650) 548-9200    www.neumanncapital.com      Fax: (650) 548-9209

                                                                                             SEC Form ADV Part 2A
                                                                                                        Brochure

    See	Item	12	–	Brokerage	Practices	for	further	description	of	the	factors	that	we	consider
    in	selecting	or	recommending	broker-dealers	for	client	transactions	and	determining
    the	reasonableness	of	their	compensation.

Essential	Wealth	Management	Program

   We	charge	an	annual	fee	of	0.90%	of	the	market	value	of	the	account.		This	annual	fee	is
   prorated	and	paid	quarterly	in	arrears,	based	upon	the	market	value	of	the	account	on
   the	last	day	of	the	quarter.		A	minimum	of	$5,000	market	value	per	account	is	required.

       For	example,	on	a	portfolio	worth	$100,000	at	the	end	of	a	quarter,	the	annual	fee	is
       $900	($100,000	x	0.90%).		The	fee	for	that	quarter	is	$225	($900	/	4).

   We	send	our	clients	an	invoice	quarterly.		Fees	are	paid	by	direct	deduction	from	client
   accounts.			The	ability	for	NCM	to	directly	deduct	its	fees	from	client	accounts	is
   authorized	through	the	account	agreement	that	clients	sign	with	Schwab,	custodian	for
   our	clients’	accounts	(see	Item	12	–	Brokerage	Practices).		It	is	the	client’s	responsibility
   to	verify	the	accuracy	of	the	fee	calculation,	as	Schwab	will	not	determine	whether	the
   fee	is	properly	calculated.

   Our	fees	are	exclusive	of	brokerage	commissions,	transaction	fees,	and	other	related
   costs	and	expenses,	if	any,	which	shall	be	incurred	by	the	client.		Mutual	funds	and	ETFs
...

Item	7	–	Types	of	Clients

Comprehensive	Wealth	Management	Program

                                  NEUMANN CAPITAL MANAGEMENT, LLC
                           303 Vintage Park Drive, Suite 100   Foster City, CA 94404
                    Tel: (650) 548-9200    www.neumanncapital.com      Fax: (650) 548-9209

                                                                                            SEC Form ADV Part 2A
                                                                                                       Brochure

   NCM	provides	investment	management	and	financial	planning	services	to	individuals,
   high	net	worth	individuals,	trusts,	and	charitable	organizations.

   We	require	a	minimum	of	$1	million	in	investable	assets	for	new	Comprehensive
   Wealth	Management	clients.		We	charge	an	annual	minimum	fee	of	$9,000.

Essential	Wealth	Management	Program

   Clients	eligible	to	enroll	in	the	Program	include	individuals,	IRAs,	and	revocable	living
   trusts.

   The	minimum	initial	investment	required	per	account	for	participation	in	the	Program
   is	$5,000.

Please	Note:		As	a	result	of	the	above	minimum	account	and/or	minimum	annual	fee
requirements,	NCM’s	services	may	not	be	appropriate	for	everyone.		Other	investment
advisors	may	provide	somewhat	similar	services	for	lower	compensation,	although	still
others	may	charge	more	for	such	services.

                                  NEUMANN CAPITAL MANAGEMENT, LLC
                          303 Vintage Park Drive, Suite 100   Foster City, CA 94404
                   Tel: (650) 548-9200    www.neumanncapital.com      Fax: (650) 548-9209

                                                                                            SEC Form ADV Part 2A
                                                                                                       Brochure