Nicholson Wealth Management Group LLC

Item 5 - Fees and Compensation

NWMG charges fees based on a percentage of assets under management, depending on the particular types
of services to be provided. The specific fees charged by NWMG for services provided will be set forth in
each client’s Agreement.

      A. Investment Management Services

Fees for Investment Management Services

NWMG charges an annual advisory fee that is agreed upon with each client and set forth in an agreement
executed by NWMG and the client. NWMG’s fee for investment management services is based on a
percentage the value of a client’s assets under management. The advisory fee for the initial quarter shall
be paid, on a pro rata basis, in advance, based on the value of the assets under management upon completion
of funding the account(s) by the client. For subsequent quarters, the advisory fee shall be paid, in advance,
based on the asset value of the client’s accounts as of the last business day of the preceding quarter as
provided by third-party sources, such as pricing services, custodians, fund administrators, and client-
provided sources.

Following is NWMG’s asset based fee schedule for Investment Management Services:

                                                  FEE SCHEDULE
                              Market Value of Assets                          Rate
                      Up to $500,000                                         1.50%
                      $500,001 to $1,000,000                                 1.25%
                      $1,000,001 to $2,500,000                               1.00%
                      $2,500,001 to 5,000,000                                0.90%
                      $5,000,001 to 10,000,000                               0.85%
                      10,000,001 to 15,000,000                               0.80%
                      15,000,001 to 20,000,000                               0.75%
                      Over $20,000,000                                     negotiable
                      The percentage for the highest range of Managed Asset value achieved
                      applies to all Managed Assets, not just Managed Assets within that range.

Fees for Investment Management Services to Retirement Plans

Retirement plan advisory clients will be charged an annual fee that is determined by the plan client and
NWMG. Factors that are referenced in determing the fee include, but are not limited to, such things as the
services provided and the complexity of the plan advisory client. The fee may be an asset based fee or a
fixed fee.

Notwithstanding the foregoing, NWMG and the client may choose to negotiate an annual advisory fee
that varies from the schedule set forth above. Factors upon which a different annual advisory fee may be
based include, but are not limited to, the size and nature of the relationship, the services rendered, the
nature and complexity of the products and investments involved, time commitments, and travel
requirements. The advisory fee charged by the Firm will apply to all of the client’s assets under
management, unless specifically excluded in the client agreement. The advisory fee includes any
provided financial planning services described above. Although NWMG believes that its fees are
competitive, clients should understand that lower fees for comparable services may be available from
other sources and firms.

Clients that received services from NWMG personnel while NWMG personnel were affiliated with a
different financial services provider may be subject to fee schedules different than the fee schedule
provided above. These “grandfathered” fee schedules may be more or less costly than the above listed fee
schedule.

The investment advisory agreement between NWMG and the client may be terminated at will by either
NWMG or the client upon written notice. NWMG does not impose termination fees when the client
terminates the investment advisory relationship, except when agreed upon in advance.

      B. Payment of Fees

NWMG generally deducts its advisory fee from a client’s investment account(s) held at his/her custodian.
Upon engaging NWMG to manage such account(s), a client grants NWMG this limited authority through

a written instruction to the custodian of his/her account(s). The client is responsible for verifying the
accuracy of the calculation of the advisory fee; the custodian will not determine whether the fee is accurate
or properly calculated. See Section A herewith for further information on fee billing. A client may utilize
the same procedure for financial planning or consulting fees if the client has investment accounts held at a
custodian.

Although clients generally are required to have their investment advisory fees deducted from their accounts,
in some cases, NWMG will directly bill a client for investment advisory fees if it determines that such
billing arrangement is appropriate given the circumstances.

The custodian of the client’s accounts provides each client with a statement, at least quarterly, indicating
separate line items for all amounts disbursed from the client's account(s), including any fees paid directly
to NWMG.

Clients may make additions to and withdrawals from their account at any time, subject to NWMG’s right
to terminate an account. Additions may be in cash or securities provided that the Firm reserves the right to
liquidate transferred securities or decline to accept particular securities into a client’s account. Clients may
withdraw account assets at any time on notice to NWMG, subject to the usual and customary securities
settlement procedures. However, the Firm generally designs its portfolios as long-term investments and the
withdrawal of assets may impair the achievement of a client’s investment objectives. NWMG may consult
with its clients about the options and implications of transferring securities. Clients are advised that when
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Item 7 - Types of Clients
NWMG offers investment advisory services to individuals, including high net worth individuals, and
entities, including, but not limited to, family offices, trusts, estates, private foundations nonprofit
organizations, endowments, and qualified retirement plans. NWMG does not impose a minimum portfolio
size or a minimum initial investment to open an account. However, NWMG does reserve the right to accept
or decline a potential client for any reason in its sole discretion.