PFW Advisors LLC

ITEM 5: Fees and Compensation
This section provides information regarding the Firm’s fees and compensation for the services
described in Item 4. Lower fees for comparable service may be available from other sources. The
exact fees and other terms applicable to each client will be described in the Investment Advisory
Agreement between the client and the Firm.

A. Fees and Compensation for Investment Management Services
Private Family Wealth Advisors charges fees for investment management services based on a
percentage of assets under management. Our standard investment management fees are:

                                                                   Private Family Wealth Advisors

       On assets between $0 and $1 million                   1.25%
       On assets between $1 million and $5 million           0.80%
       On assets between $5 million and $25 million          0.60%
       On assets over $25 million                            0.50%
       On assets over $100 million                           Negotiable

Please note these fees have “tiers,” meaning that if your assets exceed the maximum of the first
tier, your overall fee will be a blended percentage rate that is the result of being charged the
corresponding fee for the first level of assets, plus the different corresponding fee for the next
level of assets, and so on. Investment management fees are calculated and paid monthly in
arrears based on the average daily balance in the account. Our investment management fees are
negotiable, depending upon the complexity of the client’s financial situation and the scope of
services rendered.

Investment management fees will be deducted from the client’s account(s) at our request by the
qualified custodian, a process that clients authorize by signing the Investment Advisory
Agreement. We may, at a client’s request, make other arrangements for payment of the
investment management fee.

Any transaction fees imposed by the Custodian for trades executed in the client’s account are
included within the Advisory Fee paid to the Firm. These transaction fees will be disclosed by the
Custodian. Generally, this only applies to a client’s portfolio if sub-adviser is not used.

Client agrees to be responsible for all additional fees, expenses and charges for which client
becomes obligated under any separate agreement with the Custodian. Said fees, expenses or
charges will be paid out of the assets in the Account(s) or billed separately to the client. Mutual
funds and similar investment vehicles pay managers to manage the assets of the fund, and the
expenses of the fund, including said management fees, are deducted from all of the fund assets,
are chargeable against the net asset value of fund shares owned by the client, and are therefore
borne separately by the client. Other fees and expenses that the client may be responsible for
paying include retirement plan fees, mutual fund sales loads, contingent deferred sales charges,
annuity fees including mortality and expense charges, and surrender charges.

The Custodian will deliver an account statement, at least quarterly, directly to the client, showing
all disbursements from the account. The client is encouraged to review all account statements
for accuracy. Private Family Wealth Advisors will receive access to a duplicate copy of the
statement that was delivered to the client.

For the initial period of portfolio management services, the first period’s fees will be calculated
on a pro-rata basis at the end of the initial month.

Our receipt of an asset-based fee presents a conflict of interest. This is because the more assets
there are in the client’s account, the more the client will pay in fees. Therefore, we have an

                                                                   Private Family Wealth Advisors

incentive to encourage clients to increase the assets in their accounts. We address this conflict
of interest by ensuring any such recommendations are in the client’s best interest.

If the client is to be charged a Sub-Adviser’s fee will be added to PFW’s advisory to our fee, that
fee will be described in the Sub-Adviser’s Brochure (Form ADV, Part 2A), in separate agreement
between the client and the Sub-Adviser, or in a special disclosure document delivered to the
client.

If Adviser elects to use a Third-Party Manager to manage Clients’ accounts, the Client will be
charged a “supplemental advisory fee.” Attached hereto as Schedule D is the list of third-party
managers we typically employ to provide services to your Account and the annual fees they will
charge. Please note that this list of third-party managers and their fees may change over time.
Adviser will periodically send you updates to this list. In some cases, the Third-Party Manager will
deduct the supplemental advisory fee directly from the Client’s account. In other cases, the Third-
Party Manager will charge the supplemental advisory fee to the Adviser, and the Adviser will then
deduct the fee from the Client’s account to reimburse the Adviser.

Fees and compensation for using a Third-Party Manager or a platform that provides Us access to
such managers are described in more detail in the platform provider’s disclosure brochure or, if
applicable, in a separate disclosure Private Family Wealth Advisors delivers to you describing
customized pricing. Clients are responsible for any transaction charges imposed by the custodian
for trades executed in their accounts by a sub-adviser.

B. Fees for Financial Planning and Consulting Services
For clients who have entered into a Financial Planning and Consulting Agreement with Our Firm,
we will charge clients on a flat fee basis for any financial planning and/or consulting services to
be provided. Flat fees are a minimum of $12,000. The total estimated fee, as well as the ultimate
fee charged, is negotiable and will be based on the scope and complexity of our engagement with
...

types of clients:

       •   Individuals
       •   High net worth individuals
       •   Trusts
       •   Estates
       •   Charitable organizations
       •   401(K) and/or 403(B) Plans
       •   529 Plans
       •   Corporations or other businesses

For individual accounts, our minimum relationship opening balance is $2 million, which may be
negotiated or waived based upon certain circumstances.