Oakwell Private Wealth Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

Oakwell Private Wealth Management, LLC does not impose a minimum account balance for the
opening of an account with the Adviser. The fee charged is based upon the amount of money
invested. Multiple accounts of immediate-related family members may be considered one
consolidated household for billing purposes. Fees are charged either monthly or quarterly, in
arrears as noted in Appendix A of client’s Investment Advisory Agreement.

Monthly fee payments are due and will be assessed on the first day of the following month. The
fee will be calculated based on the average daily balance in the account(s) throughout the billing
period. Quarterly fee payments are due and will be assessed on the first day of the following
quarter, based on the previous quarter’s average daily balance of the account(s) under
management throughout the billing period. The fee rates are progressive, and each dollar will
be charged within the bracket where it falls. Fees will be calculated as follows:

                                      Tiered Fee Schedule
               AUM                                     Fee
               First $0-$2,000,000                     1.00%
               Next $2,000,000 - $5,000,000            0.80%
               Next $5,000,000 and up                  0.55%

The fees shown above are annual fees and may be negotiable based upon certain
circumstances. No increase in the annual fee shall be effective without prior written notification.
All fees will be paid directly to Oakwell Private Wealth Management, LLC. Oakwell Private
Wealth Management, LLC believes the advisory fee is reasonable considering the fees charged
by other investment advisers offering similar services/programs.

A flat fee may also be negotiated as long as it does not exceed the fee schedule above. If a flat
fee is negotiated, that fee will be listed in the Advisory Agreement and Disclosure Statement.

No portion of the Adviser compensation shall be based on capital gains or capital appreciation of
the Assets. Oakwell Private Wealth Management, LLC does not charge performance-based fees.

The Client can terminate the relationship without penalty within the first five (5) days after the
signing of this Agreement. After the initial five (5) days, this Agreement will continue in effect
until terminated by either party with a thirty (30) day written notice to the other, in person or by
mail to the address of record.

Because fees are charged in arrears, no refund policy is necessary. In cases where Advisor fees
are directly deducted, Advisor is required to a.) obtain client authorization, and b.) disclose that
the custodian will send quarterly invoices to the client wherein Advisor fees are itemized.

401K Implementation Fees
If you choose OPWM to help set up a 401k plan, in addition to other services described within
this document, you will pay a negotiable one-time engagement fee of up to $5,000.

Sub-Advisory Fees
Our advisory fee does not include fees and expenses charged by third-party portfolio managers,
which will be charged separately by these managers.

Financial Planning Fees

Fixed Fees
The fixed fees for Financial Planning Services are negotiable and depend upon the needs of the
client and complexity of the situation. The final fee schedule will be attached as Exhibit I of the
Financial Planning Agreement. Client may terminate within (5) business days of signing, without
penalty, and with full refund. In all other cases, either party may terminate the Agreement at any
time, for any reason, by giving at least 30 days notice. Prepaid consulting fees will be refunded on
a pro-rated basis. Such termination will be effective 30 days from the receipt by the non-
terminating party of written notification from the other party that the Agreement is terminated.

Legacy clients who utilize OPWM’s Financial Planning or Investment Advisory services can speak
with their representative to discuss the new fee arrangements and how it is best suited for them.

Insurance Commissions

OPWM’s Investment Adviser Representatives recommend insurance products, when appropriate,
to advisory clients though a related party, OPB, and earn insurance commissions for the sale of
these products, which creates a potential conflict due to the financial incentive. To mitigate this
conflict, clients are fully informed of the compensation arrangement and will never pay
commissions and management fees on the same pool of assets.

B. Payment of Fees

Payment of Investment Supervisory Fees

Advisory fees are withdrawn directly from the client’s accounts with client written authorization.
Fees are paid monthly or quarterly in arrears. The billing period is determined in the contract
between OPWM and the client.

Payment of Financial Planning Fees

Fixed Financial Planning fees are paid monthly or quarterly via check, ACH, or credit card in
advance or in arrears, but never more than six months in advance.

       C. Clients Are Responsible for Third Party Fees

       Clients are responsible for the payment of all third-party fees (i.e. custodian fees, brokerage fees,
       mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and
       expenses charged by OPWM. Please see Item 12 of this brochure regarding broker/custodian.

       D. Prepayment of Fees

       Fixed fees that are collected in advance will be refunded based on the prorated amount of work
       completed at the point of termination.

types of clients:

              Individuals
              High Net Worth Individuals
              Pension and Profit-Sharing Plans
              Corporate Accounts

Minimum Account Size

There is no account minimum.