Private Wealth Management Group LLC

ITEM 5. FEES AND COMPENSATION

Financial Planning Engagement:
Novi Wealth’s financial planning fees are negotiable, but generally range from $2,500 to $100,000 on
a fixed fee basis. On a very limited basis, Novi Wealth may arrange to charge on an hourly basis. The
fee would typically range from $150 to $450 per hour, , depending upon the level and scope of the
services required. Prior to engaging Novi Wealth to provide financial planning and/or consulting
services, the client will generally be required to enter into a Financial Planning and Consulting Agreement
with Novi Wealth setting forth the terms and conditions of the engagement, describing the scope of
the services to be provided, and the portion of the fee that is due from the client prior to Novi
Wealth commencing services.

Investment Management Engagement:
Novi Wealth’s investment management fee schedule (“Advisory Fees”) for accounts managed by
Novi Wealth is based on a percentage of assets (generally net of any debit balances) and is set forth
below. The Advisory Fees represent the highest fee that may be charged absent special
circumstances. The Advisory Fee charged shall vary (between 0.50% and 1.25%) depending upon
the market value of assets under management. Both Novi Wealth's Investment Advisory Agreement and
the custodial/clearing agreement authorize the custodian to debit the account for the amount of the
Novi Wealth's investment advisory fee and to directly remit that management fee to Novi Wealth.

For those clients that are invested with independent third-party managers or sub-advisors, an
additional investment management fee may be assessed. In this event, the independent third-party
manager or sub-advisor’s fee will be separately charged, and the client will receive an account
statement from their custodian confirming same.

Novi Wealth’s Advisory Fees shall also be prorated and paid quarterly, in advance or arrears, based
upon the market value of the assets on the last business day of the previous quarter. Novi Wealth’s
actual fees may be negotiated, and a client may pay more or less than similar clients depending on
the particular circumstances of the client, which may include considerations related to size of the
client’s account, additional and/or differing levels of service or as negotiated. Clients that negotiate
fees may end up paying a higher fee than that set forth in the fee schedules above as a result of
fluctuations in the client’s assets under management and/or account performance.

Novi Wealth will generally recommend a broker-dealer/custodian for client’s investment
management assets. In addition to the investment management fee, the client may incur brokerage
commissions and/or transaction fees for effecting certain securities transactions (i.e., transaction
fees are charged for certain no-load mutual funds, commissions are charged for individual securities
transactions). In addition, the client will also incur, relative to all mutual fund and exchange traded
fund purchases, charges imposed at the fund level (e.g., management fees and other fund expenses).

ITEM 7. TYPES OF CLIENTS
Novi Wealth provides investment advisory services to the following clients:
    • Individuals and High Net Worth Individuals.
    • Trusts, Estates, Charitable Organizations.
    • Corporations, Pension Plans & 401(k)