Item 5 - Fees and Compensation
INDIVIDUAL PORTFOLIO MANAGEMENT FEES
Our annual fees for Investment Supervisory Services are based upon a percentage of assets under management and generally range from .20%
to 1.25%. Though all fees are due quarterly, in advance, PWA Wealth Management retains the right to collect advisory fees in arrears in certain
situations such as accounts opened after the start of the quarter or significant cash flows into an account during the previous quarter. Most client
fees are deducted directly from their accounts. Some clients are invoiced directly. A service agreement may be canceled at any time, by either
party, for any reason upon receipt of written notice. As disclosed above, certain fees are paid in advance of services provided, so upon
termination of any account, any prepaid, unearned fees will be promptly refunded. In calculating a client’s reimbursement of fees, we will pro rate
the reimbursement according to the number of days remaining in the billing period.
The standard annualized fee for Investment Supervisory Services is charged as a percentage of assets under management, according to the
following schedule: 1.25% on the first $500,000; 1.00% on the next $500,000; .75% on the next $500,000; and .65% on the amount greater than
$1,500,000.
Although PWA Wealth Management has established the aforementioned fee schedule, we retain the discretion to agree upon alternative fee
schedule on a client-by-client basis. Client facts, circumstances and needs are considered in determining the fee schedule. These include the
complexity of the client, assets to be placed under management, anticipated future additional assets, related accounts, portfolio style, account
composition, reports, among other factors. The specific annual fee schedule is identified in the contract between the adviser and each client.
We group certain related client accounts together for the purposes of determining the annualized fee.
Discounts, not generally available to our advisory clients, are offered to family members and friends of associated persons of our firm.
FINANCIAL PLANNING FEES
PWA Wealth Management's Financial Planning fee is determined based on the nature of the services being provided and the complexity of each
client’s circumstances. All fees are negotiable and agreed upon prior to entering into a contract with any client. For the majority of clients,
Financial Planning Services are included with Investment Supervisory Services and therefore not charged separately.
Our Financial Planning fees are calculated and charged on a fixed fee basis (typically ranging from $500 to $5,000) depending on the specific
arrangement reached with the client.
PENSION CONSULTING FEES
PWA Wealth Management's Pension Consulting fee is determined based on the nature of the services being provided and the complexity of
each client’s circumstances. All fees are negotiable and agreed upon prior to entering into a contract with any client. We charge an annual fee
which ranges from .15% to 1.25% of plan assets depending on the services provided. At the discretion of the client, fees are collected in arrears
or in advance and can be invoiced directly to the client or deducted directly from plan assets.
OTHER FEES
Commissions: Management and other personnel of our firm are agents for various insurance companies. As such, these individuals are able to
receive separate, yet customary commission compensation resulting from implementing product transactions on behalf of advisory clients.
Clients, however, are not under any obligation to engage these individuals when considering implementation of advisory recommendations. The
implementation of any or all recommendations is solely at the discretion of the client. Clients have the option to purchase investments and
insurance products through other advisers.
Other Advisor Fees: All fees paid to PWA Wealth Management for investment advisory services are separate and distinct from the fees and
expenses charged by other advisors (including mutual funds and/or ETFs). These fees and expenses are described in each fund's prospectus.
These fees will generally include a management fee, sales charges (initial or deferred), other fund expenses and a possible distribution fee. A
client could invest in a mutual fund directly, without our services. In that case, the client would not receive the services provided by our firm which
are designed, among other things, to assist the client in determining which mutual fund or funds are most appropriate to each client's financial
condition and objectives. Accordingly, the client should review both the fees charged by the funds and our fees to fully understand the total
amount of fees to be paid by the client and to thereby evaluate the advisory services being provided.
Custodian fees: In addition to our advisory fees, clients are also responsible for the fees and expenses charged by custodians and broker
dealers, including, but not limited to, any transaction charges imposed by a broker dealer. Please refer to the "Brokerage Practices" section of
this Form ADV for additional information.
Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of fees in excess of $1,200 more than six months in
advance of services rendered.