Pbmares Wealth Management LLC

Item 5 – Fees and Compensation
Clients will be charged advisory fees in advance at the beginning 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 PBMares Wealth Management calculates fees may vary

from account custodial statements based on independent asset valuations and other accounting
variances, including mechanisms for including accrued interest in account statements or timing of
reporting of the client's account(s) at the end of the previous quarter. New accounts may be charged a
pro-rated fee for the remainder of the quarter in which the account is incepted. Advisory fees shall apply
to accrued interest and shall apply to cash balances unless negotiated or agreed upon otherwise.

PBMares Wealth Management will request authority from the client to receive quarterly payments
directly from the client's account held by an independent qualified custodian. Clients must provide
written limited authorization to PBMares Wealth Management to withdraw fees from account(s). To the
extent that investment advisory fees are directly debited from a custodial account with margin
agreement, the debiting of fees may create or increase the client’s margin loan balance in the custodial
account.

PBMares Wealth Management will request authorization from the client to directly bill non-qualified
accounts for fees from qualified accounts that may be held away and/or have cash deficiencies.

A client agreement may be canceled at any time, by either party, for any reason upon receipt of written
notice. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. On the
termination of the agreement, PBMares Wealth Management will have no obligation to recommend or
take any action with regard to the securities, cash or other investments in a client’s account.

PBMares Wealth Management’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 investments 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 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 PBMares Wealth Management for
investment advisory services are separate and distinct from the fees and expenses charged by mutual
funds and ETFs to their shareholders. Such charges, fees and commissions are exclusive of and in
addition to PBMares Wealth Management’s fee, and PBMares Wealth Management shall not receive any
portion of these commissions, fees, and costs.

In certain circumstances, fees and account minimums will be negotiable based on family relations, firm
affiliations or individual circumstances. Associates of PBMares Wealth Management are not charged fees
on either their personal accounts or accounts of immediate family members.

Independent Manager Fees

As stated above in Item 4, PBMares Wealth Management may decide (in coordination with the client) to
implement DFA as an Independent Manager for the management of portfolios of individual securities. In
these instances, DFA will charge its own separate and distinct fee from PBMares Wealth Management’s

advisory fees, which are noted below. Clients grant DFA authority at the client’s custodian for DFA to
directly debit client accounts for DFA’s fee. Additionally, clients are required to sign an advisory
agreement addendum with PBMares Wealth Management which outlines these additional fees.

Advisory Fees

Investment Advisory Services:

The annual fee for our wealth management or asset management services is calculated as a percentage of
assets under management/advisement and typically range from 0.35% to 1.50% per year, depending on
the size and complexity of the client’s accounts as well as services required, specifically negotiated fees
and historically grandfathered fee schedules. The specific fee charged by PBMares Wealth Management is
established in a client’s written agreement with PBMares Wealth Management. Advisory fees shall apply
to cash balances unless negotiated or agreed upon otherwise. In certain limited circumstances, a client
may also receive income tax preparation, tax planning and/or tax compliance services as part of their
advisory fee. As agreed between Advisor and Client, individual Accounts for immediate family members
are aggregated, and the fee is charged based on the total value of all family members’ Accounts.

For certain clients, PBMares Wealth Management charges an advisory fee for services provided to the
held away accounts mentioned above in Item 4. This fee is deducted from an account under PBMares
Wealth Management or paid directly by the client on a quarterly basis. Fees are typically based on the
assets within these held away accounts and are charged according to the valuation of the accounts at the
close of the quarter as valued by the account custodian. Fees will typically be based on the client’s full
portfolio value, including held away accounts.

Employee Benefit Retirement Plan Services:

The annual fee for PBMares Wealth Management’s plan services is typically charged on a quarterly basis
and is based on a percentage of assets within the plan and typically ranges from 0.20% to 1.00% per year
or on a fixed-fee basis. The annual fee will be based upon a number of factors including the size of the
plan, the number of participants, the number of locations as well as the method of employee education
and the services required. Fees will typically be tiered, and the fee is calculated by applying a different fee
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Item 7 – Types of Clients

PBMares Wealth Management provides services to individuals, qualified retirement plans, trusts and
small businesses.