Parcion Private Wealth LLC

Item 5. Fees and Compensation
    We offer advisory services on a fee basis, primarily fees based on assets under our management.
    All of our fees are negotiable, in our sole judgment. To the extent Parcion and its associated
    persons are insurance-licensed, we may also share insurance commissions earned by independent

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    agencies we refer you to. You are under no obligation to purchase insurance through companies
    we refer you to, and you are also welcome to implement our recommendations through agencies
    that have no relationship with Parcion.
    Investment Management Fees
    We offer investment management services for an annual fee based on the amount of assets under
    our management. Our regular fee schedule ranges between 60 and 150 basis points (0.60% –
    1.50%) annually, depending upon the size and composition of a client’s portfolio and the type of
    services rendered. The annual fee is prorated and charged quarterly, in arrears, based on the
    average daily value of the assets during the prior quarter. Some clients pay less than the low end
    of the stated schedule, as negotiated based on scope of services or their length of time with the
    firm.
    In the event the Wealth Management Agreement is terminated, the fee for the final billing period
    is calculated from the beginning of the quarter through the effective date of the termination and
    the resulting fee billed to the client.
    Where we engage an Independent Manager, you will be charged an additional fee. In most cases,
    we will use Independent Managers because a client requests it based on a historical relationship
    with the manager, or to meet some specific need of the client. We may select Independent
    Managers on the separate account management platform offered to us by Fidelity; if we use an
    Independent Manager, you will receive disclosure of any additional fees that will be charged in
    connection with that relationship.
    Additionally, for asset management services we provide with respect to certain client holdings
    (e.g., held-away assets, accommodation accounts, alternative investments, private placements
    etc.), we may negotiate a fee rate that differs from the range above though usually it’s the same as
    that of other assets. The specific fees we agree to are described in the Wealth Management
    Agreement. In the case of unregistered private placements, there is no active market for the
    securities and current valuations may not be available. Custodians often use the original investment
    amount in reporting value, if a more current valuation is not available from the issuer. In
    calculating advisory fees due on these positions, we use the value provided by the custodian or the
    issuer. If no recent valuation is available, we will typically use the original amount invested. Both
    original cost or recent valuation may differ significantly from the price an investor could obtain if
    the security were liquidated.

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    Wealth Management and Consulting Fees
    Our Wealth Management Services are typically provided for no additional fee, beyond our
    investment management fee.
    For clients with limited assets under our management, or for particularly complex projects, we
    may agree to charge a fixed or hourly fee under a stand-alone engagement. Our maximum hourly
    rate is $500.00. These fees are negotiable depending upon the scope and complexity of the services
    and the professional rendering the financial planning and/or the consulting services. If applicable,
    the terms and conditions of will be described in a separate engagement letter. We typically require
    one-half of the fee (estimated hourly or fixed) payable upon execution of a consulting agreement.
    The outstanding balance is due upon delivery of the financial plan or completion of the agreed
    upon services. We not, however, take receipt of $1,200 or more in prepaid fees more than six
    months in advance of services rendered.
    Additional Fees and Expenses
    In addition to the advisory fees you pay to us, you will also incur certain charges imposed by other
    third parties, such as broker-dealers, custodians, trust companies, and banks. These additional
    charges include securities brokerage commissions, transaction fees, custodial fees, fees attributable
    to alternative assets, margin costs, charges imposed directly by a mutual fund or ETF in a client’s
    account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund
    expenses), 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. For clients
    custodied with Fidelity, you pay an asset-based custody/trading fee directly to Fidelity. The fees
    you pay to us are negotiable but you cannot negotiate Fidelity’s fees. It is possible that you could
    pay less overall by negotiating our fees and then separately negotiating custody/trading fees
    directly with a custodian. More information is found in Item 12, Brokerage Practices, below.
    Direct Fee Debit
    Your Wealth Management Agreement authorizes us to direct the qualified custodian holding your
    assets to directly debit your account(s) for payment of our investment advisory fees. The qualified
    custodian will send statements to you not less than quarterly detailing all account transactions,
    including any amounts paid to Parcion. We review our fee billing carefully and have a
    responsibility for accuracy. We also urge you review these charges and to let us know of any errors.

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    Use of Margin
    Should you request margin for investments, we will help you establish margin authority through
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Item 7. Types of Clients
    We offer services to individuals, trusts, estates, corporations and business entities. Our minimum
    relationship size is $10 million, though we can waive the minimum in our discretion.

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