Pearl Wealth LLC

Item 5 – Fees and Compensation
 The following paragraphs detail the fee structure and compensation methodology for services provided by the
 Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
 more written agreements with the Advisor.

 Investment Management Services
 Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
 investment advisory agreement. Fees are based on the market value of the Client’s account[s] on the last business
 day of the prior calendar quarter. The market value of assets may include assets under management which are
 held away from the Client’s Custodian. The investment advisory fee in the first quarter of service is prorated from
 the inception date of the account[s] to the end of the first quarter.

 The Advisor’s fees are based on the following schedule:

                              Assets Under Management                        Annual Rate (%)
                             Up to $2,000,000                                    1.00%
                             Next $2,000,000                                     0.75%
                             Over $4,000,000                                     0.50%

 Clients will incur a minimum annual fee of $10,000. The minimum fee is negotiable at the sole discretion of the
 Advisor. The Advisor at its discretion may reduce and/or waive the minimum annual fee. Please see Item 7.
 Unless otherwise instructed, the Client’s fees will take into consideration the aggregate assets under management
                                                       Pearl Wealth LLC
                                             2101 Pearl Street, Boulder, CO 80302
                                          Phone: (303) 250-0036 | http://pearlwealth.net

 with Advisor. All securities held in accounts managed by Pearl Wealth will be independently valued by the
 Custodian. Certain clients of Pearl Wealth may be billed according to a prior fee schedule. Pearl Wealth will
 conduct periodic reviews of the Custodian’s valuation to ensure accurate billing.

 The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and
 expenses, which may be incurred by the Client. However, the Advisor shall not receive any portion of these
 commissions, fees, and costs charged by the Custodian.

 Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
 the Custodian. The Custodian will then forward the investment advisory fee to the Advisor or deposit the fee into an
 account designated by the Advisor. The Advisor shall send an invoice to the Custodian indicating the amount of the
 fees to be deducted from the Client’s account[s] at the beginning of each quarter. The amount due is calculated by
 applying the quarterly rate (annual rate divided by 4) to the total assets under management with Pearl Wealth on
 the last business day of the prior calendar quarter. Clients will be provided with a statement, at least quarterly, from
 the Custodian reflecting deduction of the investment advisory fee. It is the responsibility of the Client to verify the
 accuracy of these fees as listed on the Custodian’s brokerage statement as the Custodian does not assume this
 responsibility. Clients provide written authorization permitting Pearl Wealth to be paid directly from their account[s]
 held by the Custodian as part of the investment advisory agreement and separate account forms provided by the
 Custodian.

 Pearl Wealth is compensated for its services in advance of the quarter in which investment advisory services are
 rendered. Either party may terminate the investment advisory agreement, at any time, by providing advance written
 notice to the other party. The Client may also terminate the investment advisory agreement within five (5) business
 days of signing the Advisor’s agreement without fee or penalty to the Client. Upon termination, the Advisor will
 promptly refund any unearned, prepaid fees. The Client’s investment advisory agreement with the Advisor may not
 be assigned without the Client’s prior consent.

 Use of Independent Managers
 For Clients referred by the Advisor to an Independent Manager, the Client’s fee will be separately billed or deducted
 from the Client’s account[s] by the Independent Manager and the Advisor.

 In the event that a Client should wish to terminate their relationship with the Independent Manager, the terms for
 termination will be set forth in the respective agreements between the Client and that Independent Manager. Pearl
 Wealth will assist the Client with the termination and transition as appropriate.

 For Clients engaging with Advisor for Independent Manager due diligence and monitoring of private investments,
 the fee is determined initially based on the services to be provided and annually thereafter. These fees are charged
 quarterly in advance and deducted from the Client’s custodial account. The Advisor after deducting the fees for this
 service will pay the Independent Manager directly. The Advisor does not retain any portion of the fees collected for
 this service. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the
 point of termination and such fees will be due and payable by the Client. The Advisor will refund any unearned,
 prepaid fees from the effective date of termination to the end of the quarter.

 Financial Planning Services
 Clients may be offered financial planning services annually as part of the investment management fee. Planning
 services outside the scope of the investment management fee will be billed at the Advisor’s hourly rate of $750 per
 hour. Clients with less than $1 million under management may receive planning as part of their agreement, or they
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Item 7 – Types of Clients
 Pearl Wealth offers investment advisory services to individuals, high net worth individuals, families, trusts,
 estates, foundations, retirement plans, and charitable organizations. Pearl Wealth generally requires a minimum
 relationship size of $3,000,000 to effectively implement its investment process.