Phillips Wealth Planners 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 advisory agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
wealth management agreement. Wealth management fees are based on the market value of assets under
management at the end of the prior calendar quarter. Accounts under $5,000 will be excluded from the
calculation. Upon surpassing $5,000 accounts will automatically be included in the next quarterly billing. Fees
range from 0.35% to 2.00% annually based on several factors, including: the scope and complexity of the
services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.
Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other
complexities may be charged a higher fee.

The wealth management fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. In certain
circumstances, the Advisor may charge a fixed annual fee for its services. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor across all accounts, unless otherwise
agreed in writing. All securities held in accounts managed by Phillips Wealth will be independently valued by the
Custodian. Phillips Wealth will conduct periodic reviews of the Custodian’s valuation to ensure accurate billing.

Clients may make additions to and withdrawals from their account[s] at any time, subject to Phillips Wealth’s right
to terminate an account. Additions may be in cash or securities provided that Phillips Wealth reserves the right to
liquidate any transferred securities or decline to accept particular securities into a Client’s account[s]. Clients may
withdraw account assets on notice to Phillips Wealth, subject to the usual and customary securities settlement
procedures. However, Phillips Wealth designs its portfolios as long-term investments, and the withdrawal of
assets may impair the achievement of a Client’s investment objectives. Phillips Wealth may consult with its
Clients about the options and ramifications of transferring securities. However, Clients are advised that when
transferred securities are liquidated, they may be subject to transaction fees, fees assessed at the mutual fund
level (i.e. contingent deferred sales charge) and/or tax ramifications.

For assets managed through a third-party platform, the Client is not charged any additional platform fees. The
Advisor bears the cost of the platform in order to service these Client assets. Advisory fees apply to assets
accessed and managed through the platform as part of the Client’s assets under management, as disclosed
above.

Use of Independent Managers
For Clients that have account[s] managed by an Independent Manager, the Client’s will be charged an
investment management fee by the manager. The fees charged by Independent Managers will vary based on the
manager, investment strategy or platform. The Advisor does not receive any portion of the fees charged by an
Independent Manager. The Advisor only receives its investment advisory fee as noted in 5.A. above.

Financial Planning Services
Financial planning services may be included as part of an overall wealth management engagement and fee or
contracted separately. Phillips Wealth offers financial planning services either on an hourly basis or a fixed
                                             Phillips Wealth Planners, LLC
                                       104 West Lampkin Street, Starkville, MS 39759
                                       Phone:(662) 324-2889 | Fax: (662) 324-2890
                                            https://phillipswealthplanners.com

engagement fee. Hourly fees range up to $300 per hour. Fixed fee engagements are negotiated based on the
expected number of hours to complete the engagement as the Advisor’s hourly rate. Fees may be negotiable
based on the nature and complexity of the services to be provided and the overall relationship with the Advisor.
An estimate for total hours and/or total costs will be provided to the Client prior to engaging for these services.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee ranging up to 2.00% based on
the size of the Plan and scope of services to be provided. Fees are typically billed in advance of each calendar
quarter, pursuant to the terms of the retirement plan advisory agreement. Retirement plan fees are based on the
market value of assets under management in the Plan at the end of the prior calendar quarter. Fees may be
negotiable depending on the size and complexity of the Plan.

B. Fee Billing
Wealth Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be
deducted from the Client’s account[s] in advance of each calendar quarter. The amount due is calculated by
applying the quarterly rate (annual rate divided by the number of days in the year multiplied by the number of
days in the quarter) to the total assets under management with PWP at the end of the prior quarter. Clients will
be provided with a statement, generally monthly, from the Custodian reflecting the deduction of the wealth
management fee. Clients provide written authorization permitting advisory fees to be deducted by Phillips Wealth
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Item 7 – Types of Clients
Phillips Wealth offers advisory services to individuals, high net worth individuals, families, trusts, estates, and
small businesses. Phillips Wealth generally does not impose a minimum size for establishing a relationship.
Additionally, the Advisor does not include accounts under $5,000 in their quarterly fee billing calcuations.