Novare Capital Management

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the market value of assets under
management at the end of the prior calendar quarter and rounded to the nearest dollar.
Wealth management fees for balanced accounts are:

                  Assets Under Management ($)              Annual Rate (%)
                  $500,000 to $3,000,000                         1.00%
                  $3,000,000 to 6,000,000                        0.90%
                  $6,000,000 to $10,000,000                      0.80%
                  $10,000,000 and Above                          0.70%

                                               Novare Capital Management
                                              2825 South Boulevard, Suite 440
                                                   Charlotte, NC 28203
                                                  Phone: (704) 334-3698
                                                 www.NovareCapital.com

Certain legacy Clients may have fees that differ from the schedule above. The wealth management fee in the first
quarter of service is prorated from the inception date of the account[s] to the end of the first quarter. Fees may be
negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets
under management with the Advisor. For accounts with a margin balance, Clients are assessed the wealth
management fee based on the gross value of the assets in the account[s]. NCM includes accrued interest on
fixed income securities in the calculation of quarterly management fees. All securities held in accounts managed
by NCM will be independently valued by the Advisor’s Portfolio Management partner. NCM will conduct periodic
reviews of the Custodian’s valuations to ensure accurate billing.

For assets managed through a third-party platform, the Client is not charged any additional platform fees. The
Advisor bears the cost of the platform in order to service these Client assets. Advisory fees apply to assets
accessed and managed through the platform as part of the Client’s assets under management, as disclosed above.

The Advisor’s fee is exclusive of, and in addition to, any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be
deducted from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by
applying the quarterly rate (annual rate divided by 4) to the gross total assets under management with NCM at the
end of the prior quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the wealth management fee. It is the responsibility of the Client to verify the accuracy of these fees
as listed on the Custodian’s brokerage statement as the Custodian does not assume this responsibility. Clients
provide written authorization permitting advisory fees to be deducted by NCM directly from their account[s] held by
the Custodian as part of the wealth management agreement and separate account forms provided by the
Custodian.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than NCM, in connection with investments
made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities execution fees
charged by the Custodian. The fees charged by NCM are separate and distinct from these custody and execution
fees. The Advisor's recommended Custodian does not charge securities transaction fees for ETF and equity trades
in Client accounts, but typically charges for mutual funds and other types of investments. Additionally,

In addition, all fees paid to NCM for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in
each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A Client may be able to invest in these products directly, without the services of NCM, but would
not receive the services provided by NCM which are designed, among other things, to assist the Client in
determining which products or services are most appropriate for each Client’s financial situation and objectives.
Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by NCM to fully
understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional information.

D. Advance Payment of Fees and Termination
Wealth Management Services
NCM is compensated for its services quarterly in advance of the quarter before wealth management services are
rendered. Either party may terminate the wealth management agreement, at any time, by providing advance
written notice to the other party. The Client may also terminate the wealth management agreement within five (5)
...

Item 7 – Types of Clients
NCM provides investment advisory services to individuals, high net worth individuals, trusts, estates, charitable
organizations, businesses, and financial institutions. The normal account minimum size is $500,000. The minimum
is set at the discretion of the Advisor. Under certain circumstances, this account minimum may be negotiable.