Paulson Wealth Management Inc

Item 5 Fees and Compensation
Comprehensive Portfolio Management
Our fee for comprehensive portfolio services is based on a percentage of the assets in your account
and is set forth in the following annual fee schedule:

                                       Advisory Fee Schedule

                    Assets Under Management                     Annual Fee
                           First $500,000                          1.50%
                           Next $500,000                           1.15%
                          Next $4,000,000                          1.00%
                          Next $10,000,000                         0.75%
                          Next $10,000,000                         0.65%
                          Next $20,000,000                         0.55%
                          Next $20,000,000                         0.45%
                          Next $35,000,000                         0.35%
                        Above $100,000,000                         0.25%

Our firm's fees are billed on a pro-rata annualized basis quarterly in advance based on the value of
your account on the last day of the previous quarter. Our fees are generally not negotiable.

If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

Fees will be automatically deducted from your managed account. As part of this process, you
understand and acknowledge the following:

    • Your independent custodian sends statements at least quarterly to you showing all
      disbursements for your account, including the amount of the advisory fees paid to us;
    • You provide authorization permitting us to be directly paid by these terms; and
    • If we send a copy of our invoice to you, we send a copy of our invoice to the independent
      custodian at the same time we send the invoice to you.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian, call our main office number located on the cover page of this
brochure.

We charge our advisory fees quarterly in advance. In the event that you wish to terminate our services,
we will refund the unearned portion of our advisory fee to you. You need to contact us in writing at
least one business day in advance and state that you wish to terminate our services. Upon receipt of
your letter of termination, we will proceed to close out your account and process a pro-rata refund of
unearned advisory fees based on the number of days for which you were a client during the relevant
calendar quarter prior to termination.

Financial Planning and Consulting
Where engaged separately as a stand-alone services, we charge on a non-negotiable hourly rate of
$350 or flat fee basis for financial planning and consulting services. For an estimated number of hours
for each individual area of financial planning or consulting, please see Item 4 above. Depending on the
complexity of the client's financial planning needs and the specific areas of concern, the combined
estimated time for financial planning services typically ranges from 10 to 50 hours. Flat fees generally
range from $3,500 to $10,000. The total estimated fee, as well as the ultimate fee that we charge you,
is based on the scope and complexity of our engagement with you.

The fee is payable directly to us and is due upon completion of the services provided. The amount of
time it takes to complete a particular service is dependent upon your individual circumstances, such as
the number of specific areas you would like to cover and the complexity of your specific financial
situation, i.e., trusts, estates, business ownership, tax brackets, and other personal needs. The time
needed will vary from client to client. In limited circumstances, the time could potentially exceed the
initial estimate. In such cases, we will notify you for authorization to proceed with the additional time
needed.

Where engaged separately as stand-alone services, financial planning and consulting fees are payable
directly to our firm and are not directly debited from your advisory account. We require a retainer of
fifty-percent (50%) of the ultimate financial planning or consulting fee with the remainder of the
fee directly billed to you and due to us within thirty (30) days of your financial plan being delivered or
consultation rendered to you. In all cases, we will not require a retainer exceeding $1,200 when
services cannot be rendered within 6 (six) months.

In the event that you wish to terminate our services, you will need to contact us in writing at least one
business day in advance and state that you wish to terminate our services. We will cease work on the
financial plan and bill you for any work performed in excess of the retainer fee or we will refund you a
pro-rata amount of the retainer fee you paid in advance based on the number of hours of work
performed prior to the termination date.

Former Zehnder clientswere grandfathered in under their current Zehnder fees and billing
arrangements for a limited amount of time. These fees and billing arrangements are often different
than those described for Paulson Wealth Management. Your fee details are listed in your advisory
...

Item 7 Types of Clients
We offer advisory services to the following types of clients:

    •   Individuals and High Net Worth Individuals;
    •   Trusts, Estates or Charitable Organizations;
    •   Pension and Profit-Sharing Plans;
    •   Corporations, limited liability companies and/or other business types
    •   Other Investment Advisers

Our requirements for opening and maintaining accounts or otherwise engaging us:

    • We generally require clients to have at least $1,000,000 in net worth to engage us for financial
      planning or portfolio management services.
    • Financial planning services typically take a minimum of 30 hours ($10,000).
    • We generally require a minimum fee of $13,500 per year for portfolio management services.
    • We may waive such minimums based on individual needs and circumstances; in which case
      the portfolio management fees would not exceed 2% of the assets under management.