Private Wealth Solutions LLC

Item 5: Fees & Compensation

     Compensation for Our Advisory Services Asset

     Management:

     The maximum annual fee charged for this service will not exceed 1.50%. Fees to be assessed will be
     outlined in the advisory agreement to be signed by the client. Annualized fees are billed on a pro-rata
     basis monthly in advance based on the value of the account(s) on the last day of the previous month.
     Fees are negotiable and will be deducted from client account(s). Adjustments will be made for deposits
     and withdrawals during the month in excess of $100,000. In rare cases, our firm will agree to directly
     invoice. As part of this process, Clients understand the following:
         a) The client’s independent custodian sends statements at least quarterly showing the market
              values for each security included in the Assets and all account disbursements, including the
              amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our firm
              will send an invoice directly to the custodian; and
         c) If our firm sends a copy of our invoice to the client, legend urging the comparison of information
              provided in our statement with those from the qualified custodian will be included.

     Financial Planning & Consulting:

     Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
     estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
     engagement with the client. The maximum hourly fee to be charged will not exceed $500. Flat fees will
     not exceed $5,000. Our firm requires a retainer of 50% of the ultimate financial planning or consulting
     fee at the time of signing. The remainder of the fee will be directly billed to the client and due within 30
     days of a financial plan being delivered or consultation rendered. Our firm will not require a retainer
     exceeding $1,200 when services cannot be rendered within 6 months.

     Retirement Plan Consulting:

     Our Retirement Plan Consulting services are billed on the percentage of Plan assets under management.
     The total estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
     engagement with the client. Fees based on a percentage of managed Plan assets will not exceed 1.00%.
     The fee-paying arrangements for Retirement Plan Consulting service will be determined on a case-by-
     case basis and will be detailed in the signed consulting agreement.

     Other Types of Fees & Expenses

     Clients will incur transaction charges for trades executed by their chosen custodian. These transaction
     fees are separate from our firm’s advisory fees and will be disclosed by the chosen custodian. Charles
     Schwab (“Schwab”), does not charge transaction fees for U.S. listed equities and exchange traded funds.

     Clients may also pay holdings charges imposed by the chosen custodian for certain investments, charges
     imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be

ADV Part 2A – Firm Brochure                          Page 6                                  Private Wealth Solutions, LLC

     disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales charges, mutual
     fund sales loads, 12b-1 fees, surrender charges, variable annuity fees, IRA and qualified retirement plan
     fees, and other fund expenses), mark-ups and mark-downs, spreads paid to market makers, fees for
     trades executed away from custodian, wire transfer fees and other fees and taxes on brokerage accounts
     and securities transactions. Our firm does not receive a portion of these fees.

     Termination & Refunds

     Either party may terminate the advisory agreement signed with our firm for Asset Management services
     in writing at any time. Upon termination, we will refund the unearned portion of any advisory fees paid
     in advance, calculated on a pro-rata basis through the effective termination date..

     Financial Planning & Consulting clients may terminate their agreement at any time before the delivery of
     a financial plan by providing written notice. For purposes of calculating refunds, all work performed by us
     up to the point of termination shall be calculated at the hourly fee currently in effect. Clients will receive a
     pro-rata refund of unearned fees based on the time and effort expended by our firm.

     Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing written
     notice to the other party. Full refunds will only be made in cases where cancellation occurs within 5
     business days of signing an agreement. After 5 business days from initial signing, either party must
     provide the other party 30 days written notice to terminate billing. Billing will terminate 30 days after
     receipt of termination notice. Clients will be charged on a pro-rata basis, which takes into account work
     completed by our firm on behalf of the client. Clients will incur charges for bona fide advisory services
     rendered up to the point of termination (determined as 30 days from receipt of said written notice) and
     such fees will be due and payable.

     Commissionable Securities Sales

     Representatives of our firm are registered representatives of Kovack Securities, Inc. (“KSI”), member
     FINRA/SIPC. As such they are able to accept compensation for the sale of securities or other investment
     products, including distribution or service (“trail”) fees from the sale of mutual funds. Clients should be
     aware that the practice of accepting commissions for the sale of securities presents a conflict of interest
...

Item 7: Types of Clients & Account Requirements

     Our firm has the following types of clients:
          Individuals and High Net Worth Individuals;
          Trusts, Estates or Charitable Organizations;
          Pension and Profit Sharing Plans;
          Corporations, Limited Liability Companies and/or Other Business Types

     Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging us.