ORCA Wealth Management LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

Orca Wealth Management offers our advisory services on a fee-only basis. Our fees vary among the
different types of advisory services we offer and may be negotiated at our sole discretion. The
specific fees and manner in which fees are charged and calculated are described in your investment
advisory agreement. You should carefully review the investment advisory agreement prior to signing
it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Wealth Management Services

Orca Wealth Management offers investment and wealth management services for an annual fee
based on the amount of assets under the firm’s management. Fees are generally billed in advance
each calendar quarter based on the market value of the assets under management/advisement on the
last day of the previous calendar quarter. Orca Wealth Management, in our sole discretion, may
waive the annual fee based upon certain criteria, including, but not limited to, anticipated future
earning capacity and/or additional assets, dollar amount of assets to be managed, related accounts,
account composition, pre-existing client relationships, account retention, and pro bono activities.
For investment and wealth management services Orca Wealth Management provides to certain
clients or for specific client holdings (e.g., held-away assets, 529 plans, etc.), we may negotiate a fee
rate that differs from our standard fee schedule.

Discretionary Accounts

Our graduated fee schedule for discretionary accounts is as follows:

                      Assets Under Management           Annual Advisory Fee
                      $1 - $1,000,000                   0.90%
                      $1,000,000.01 - $2,000,000        0.85%
                      $2,000,000.01 - $5,000,000        0.80%
                      $5,000,000.01 - $10,000,000       0.70%
                      Above $10,000,000                 0.65%

This fee schedule may be based on cumulative household assets under management. However,
certain ERISA rules prevent householding corporate plans with personal assets for fee reductions.
You should refer to your advisory agreement for your specific fee rate(s).

Fixed Income Portfolios

Fees for new accounts which have fixed income only is 0.35%.
Fees for SIM IRA discretionary accounts is 0.65%

Non-Discretionary Accounts

Fees for non-discretionary accounts generally range from .005% - 0.50%.

Selection of Independent Managers

 Fees for Independent Managers are set forth by the Independent Manager and may be included in or
 be in addition to Orca Wealth Management’s fees. You should refer to the Independent Manager’s
 investment management agreement and Form ADV Part 2A Brochure for information on their fees
 and compensation.

Programs Offered Through Wells Fargo

 Fees for advisory programs offered through Wells Fargo are inclusive of Orca Wealth
 Management’s and Wells Fargo’s advisory fees and are as follows:

  Program                  Program Type                 Maximum Annual Advisory Fee
  Personalized Unified     Unified Managed              2.5%
  Managed Account          Account

 You should refer to your advisory agreement for your specific fee rate(s).

 Wells Fargo will calculate and directly debit advisory fees from the clients’ accounts for assets within
 their programs. The value of assets held in any Wells Fargo program is excluded from the amount of
 total household assets used to determine Orca Wealth Management’s advisory fees for other assets
 of a client that are managed by Orca Wealth Management.

 Programs Offered Through Adhesion

 Fees for the programs available through Adhesion are inclusive of Orca Wealth Management’s
 advisory fees, the third-party asset manager’s advisory fees and Adhesion’s overlay/platform fee.
 You should refer to your investment management agreement for your specific fee rate(s).

 Financial Planning and Consulting Services

 Fees for financial planning and/or consulting services can be billed on an hourly rate, fixed rate, or
 project basis in advance on a monthly or quarterly basis. Hourly fees generally range up to $300 per
 hour. There is no minimum fee required for financial planning or consulting services; however
 financial planning and consulting fees shall generally not exceed $20,000 annually. Fees are due and
 payable as incurred. Orca Wealth Management may agree with clients to charge fixed fees for
 consulting services.

 Factors we consider when determining our financial planning and consulting fees include, but are
 not limited to:

     •   The amount of time we expect to spend completing the financial planning or consulting
         services and providing related advice;

     •   The complexity of your goals, issues and/or needs;

    •   The extensiveness and complexity of the data needed regarding your personal financial
        information;

    •   Your net worth or the value of your investment accounts and/or other assets that are the
        subject of the financial planning or consulting services; and/or
    •   Special circumstances related to life changes, marital status, health or special income needs,
        or growth or decline of a personal business.

Orca Wealth Management may request a retainer to initiate financial planning and consulting
services; however, we will not request the prepayment of fees more than $1,200 in advisory fees
more than six months in advance.

You may engage Orca Wealth Management for additional investment management services to assist
...

Item 7 – Types of Clients

Orca Wealth Management provides portfolio management services to individuals, high net worth
individuals and families, pension and profit-sharing plans, trusts, estates, charitable institutions,
foundations, corporations, and other business entities.

Orca Wealth Management generally does not require a minimum initial investment for investment
management services. The firm, in its sole discretion, may accept clients with smaller portfolios
based upon each client’s particular circumstances.

Certain Independent Managers may impose more restrictive account requirements and varying
billing practices than Orca Wealth Management. In such instances, Orca Wealth Management may
alter its corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.