Parkwoods Wealth Partners LLC

Item 5 – Fees and Compensation

In certain circumstances, all fees, portfolio minimums and their applications to family circumstances
may be negotiable. Additionally, clients and accounts may be grandfathered in under previously agreed
to fee schedules.

The specific manner in which fees are charged by PWP is established in a client’s written agreement with
PWP. Investment Management and Employee Benefit Plan clients will be billed in advance at the
beginning of each calendar quarter or in arrears at the end of each calendar quarter based upon the
value (market value based on independent third party sources or fair market value in the absence of
market value; client account balances on which PWP calculates fees may vary from account custodial
statements based on independent valuations and other accounting variances, including mechanisms for
including accrued interest in account statements) of the client’s account at the end of the previous
quarter. New accounts are charged a prorated fee for the remainder of the quarter in which the account
is incepted or will not be billed until the next quarter.

PWP will request authority from the client to receive quarterly payments directly from the client's
account held by an independent custodian. Clients may provide written limited authorization to PWP to

withdraw fees from the account. Clients will receive custodial statements showing the advisory fees
debited from their account(s). Certain third-party administrators will calculate and debit PWP’s fee and
remit such fee to PWP.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of 30 days’
written notice. Upon termination of any account at any time after the required 30-day notice, any
prepaid, unearned fees will be promptly refunded.

PWP’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by managers,
custodial fees, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees
and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds
(ETFs) also charge internal management fees, which are disclosed in a fund’s prospectus. These fees will
generally include a management fee and other fund expenses. All fees paid to PWP for investment
advisory services are separate and distinct from the fees and expenses charged by mutual funds and
ETFs to their shareholders. The services provided by PWP are designed, among other things, to assist the
client in determining which mutual fund, ETF or securities are most appropriate to each client's financial
condition and objectives. Accordingly, the client should review both the fees charged by the funds and
the fees charged by PWP to fully understand the total amount of fees to be paid by the client and to
thereby evaluate the advisory services being provided.

Such charges, fees and commissions are exclusive of and in addition to PWP’s fee, and PWP shall not
receive any portion of these commissions, fees, and costs.

Advisory Fees

Investment Management Services:

The annual fee for investment supervisory services will be charged as a percentage of assets under
management, according to the schedule below:

                    Assets Under Management                          Annual Fee
                      On the first $1,000,000                          1.00%
                      On the next $2,000,000                           0.80%
                      On the next $2,000,000                           0.60%
                      On the next $5,000,000                           0.50%
                     On all amounts thereafter                         0.30%

Individual accounts for members of the same family, defined as spouses and dependent children, are
charged fees based upon the total account balance of all family accounts. Accounts for business
entities and accounts related thereto, including those of the business owner, are charged fees based
upon the total account balances of all such related accounts.

As mentioned above in Item 4, sub-advisors may charge a separate and distinct fee. This fee will be
agreed to in advance, and will be directly debited from the client’s account by the sub-advisor.

Investment Management Services for Not-for-Profits:

The annual fee for investment supervisory services for not-for-profit clients will be charged as a
percentage of assets under management, according to the schedule below:

            Assets Under Management                           Annual Fee
              On the first $1,000,000                           0.50%
              On the next $2,000,000                            0.40%
              On the next $2,000,000                            0.30%
              On the next $5,000,000                            0.20%
             On all amounts thereafter                          0.10%

Financial Planning Services

 We provide financial planning services on a project basis for a fixed fee or an hourly fee. Project fees are
determined based on the scope and complexity of the engagement, the anticipated time and resources
required, the nature of the services requested, and other relevant factors agreed upon with client in
advance.

Fixed fees generally do not exceed $10,000 and hourly fees are billed at $300 per hour.

The specific fee charged depends on factors including, but not limited to:
   • the complexity of the client’s financial situation,
   • the breadth and depth of planning services requested;
   • the anticipated time commitment required;
   • the need for coordination with attorneys, accountants, or other professionals;
   • business ownership, executive compensation, estate, or tax planning considerations; and
...

Item 7 – Types of Clients

PWP provides services to individuals (including high net worth individuals), qualified retirement plans,
not-for-profit organizations, foundations, and corporations.