PW Advisors 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 a written
advisory agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment management fees are paid quarterly, advance of each calendar quarter pursuant to the terms of the
investment management agreement. Investment management fees are based on the market value of assets under
management at the end of the prior calendar quarter. Investment management fees are charged an annual rate
ranging from 0.50% to 1.60% 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.
Clients may be offered a tiered fee schedule or single fixed rate across all accounts.

The investment 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. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
Proper Wealth will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.

Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its investment management fee as described above. The Advisor
will allocate a portion of the advisory fee collected to the Independent Manager pursuant to the terms of the
executed agreement between the Advisor and the Independent Manager. The total blended fee, including the
Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00% annually.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.00% and are billed in
advance, pursuant to the terms of the retirement plan advisory agreement. Retirement plan fees are based on the
market value of assets under management at the end of the prior calendar quarter. Fees may be negotiable
depending on the size and complexity of the Plan.

Financial Planning Services
Proper Wealth offers financial planning services through a fixed project-based engagement. Fixed fees range up to
$500 to $50,000 for financial planning and consulting engagements. Financial plans for individuals and families will
generally be at the lower end of the above fee range. Complex situations and business planning Clients may be
                                             PW Advisors, LLC dba Proper Wealth
                                         3233 Thomasville Road, Tallahassee, FL 32308
                                     Phone: (850) 972-9725 | Website: https://pwadvisors.com

charged fees on the higher end of the above fee range. Fees are negotiable. An estimate for total costs will be
provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
Investment management 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] at the beginning of the respective quarter. The amount due is calculated by applying the
daily rate (annual rate divided by the number of days in the year times the number of days in the quarterly billing
period) to the total assets under management with the Advisor at the end of the prior quarter. Clients will be
provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment management
fee. In addition, the Advisor will provide the Client a report itemizing the fee, including the calculation period covered
by the fee, the account value and the methodology used to calculate the fee. Clients are urged to also review and
compare the statement provided by the Advisor to the brokerage statement from the Custodian, as the Custodian
does not perform a verification of fees. Clients provide written authorization permitting advisory fees to be deducted by
Proper Wealth to be paid directly from their account[s] held by the Custodian as part of the investment management
agreement and separate account forms provided by the Custodian.

Independent Managers
For Client accounts implemented through an Independent Manager, the Client’s overall fees may include Proper
Wealth’s investment management fee (as noted above) plus investment management fees and/or platform fees
charged by the Independent Manager[s], as applicable. In certain instances, the Independent Manager or the
Advisor may assume responsibility for calculating the Client’s fees and deduct all fees from the Client’s account[s].

Retirement Plan Advisory Services
Retirement plan advisory fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the Plan,
depending on the terms of the retirement plan advisory agreement.

Financial Planning Services
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Item 7 – Types of Clients

Proper Wealth offers investment advisory services to individuals, high net worth individuals, trusts, estates,
businesses, and retirement plans. Proper Wealth does not impose a minimum relationship size.