REDW Wealth LLC

Fees and Compensation
      Description
      In our Investment Management services, clients are charged an annual fee
      based on a percentage of assets under management (AUM). This fee
      typically ranges from 0.5% to 1.75% of the client's AUM, depending on the
      size and complexity of the portfolio, as well as the scope of services provided.
      Fee schedules may be negotiated up or down depending upon the complexity
      of the accounts, the degree of active management, the need for additional
      work requested, or the inclusion of other advisory services in the percentage
      fee, or other bundled services. Large clients, various large retirement plans,
      and nonprofits may negotiate a non-tiered fee. In addition, current client
      relationships may exist where the fees are higher or lower than the fee
      schedule above.
      Financial Planning and Wealth Management engagements are priced
      according to the degree of complexity associated with the client’s situation
      and the estimated time to complete. The minimum fee for a financial plan is
      $3,500. Hourly fees are predicated upon the facts known at the start of the
      engagement and is estimated in the written planning engagement letter.
      Fees are estimated based upon the best estimated amount of time required at
      standard hourly rates (currently $225 - $650 per hour), as determined by the
      level of expertise needed, plus applicable out of pocket expenses and taxes.
      Since financial planning is a discovery process, situations occur wherein the
      client is unaware of certain financial exposures or predicaments.
      In the event that the client’s situation is substantially different than disclosed
      at the initial meeting and engagement letter, a written revised fee will be
      provided for mutual agreement. The client must approve the change of scope
      in advance of the additional work being performed when a fee increase is
      necessary.
      Most fee arrangements are negotiable depending upon size, services
      requested, and circumstances. Fees may be separately stated and billed or
      “bundled” with fees for combined services of other affiliates such as employee

                                REDW WEALTH LLC

   benefit plan administration or tax preparation. All bundled services fees are
   estimated by each affiliate and disclosed to the client.
   REDW WEALTH LLC is a fee-based service provider, meaning the only
   revenue received is that from the client. We do not earn or accept any
   commissions, rebates, 12(b)1 fees (unless rebated back to the plan), referral
   fees or other remuneration direct or indirect based upon our
   recommendations. We accept no product provider incentives.

   Fee Billing
   Investment management fees are billed quarterly, in arrears meaning that
   invoicing occurs after the three-month billing period has ended, unless a flat
   fee is negotiated in which case billing may occur monthly, quarterly, or
   annually. Asset-based fees are calculated based upon the account value as
   of the last day of the billing period. Payment in full is expected upon invoice
   presentation. Fees may be deducted from a designated client account to
   facilitate billing. The client must consent in advance to direct debiting of their
   investment account.
   An exception to billing in arrears is accommodated in limited circumstances
   where prior existing custodial relationships (such as those with Nationwide)
   were in existence prior to becoming a REDW Wealth client and where the
   client directs specific custody or broker dealers.
   Fees for financial plans and consulting agreements may require a portion of
   the fee at the beginning of the engagement and the remaining fee is billed as
   work progresses, with the balance due at month end after delivery of the
   financial plan. Hourly engagements including but not limited to tax return
   preparation are also billed as work progresses with the balance due at month
   end after completion of the engagement.

Gross Receipts Tax (GRT) Disclosure
Overview:
In New Mexico, firms are required to comply with the Gross Receipts Tax (GRT)
regulations mandated by the New Mexico Taxation and Revenue Department.
This disclosure outlines how the GRT impacts our business transactions, the
services you receive, and your overall interactions with us. The GRT is a tax
imposed on the privilege of doing business in the state and affects the total cost
of services provided to clients.
   Applicable Tax Rates:
   The GRT rate applicable to services may vary by location and type of service.
   However, specific transactions may have different rates based on local
   jurisdiction rules.

                             REDW WEALTH LLC

Taxable Transactions:
All receipts from the sale of goods and provision of services within New
Mexico are subject to GRT unless specifically exempt by regulation. This
includes but is not limited to investment advisory services, consulting fees,
and any additional charges for services performed within the state.
Exemptions and Deductions:
Certain transactions may be exempt from GRT, or eligible for deductions,
including:
   •   Out-of-state clients.

Client Responsibilities:
The GRT is a tax imposed on our firm for conducting business activities in
New Mexico. It is our policy to pass this tax obligation onto our clients as part
of the total cost of the services provided. This means that the invoiced
amounts will include the GRT in addition to the charges for services rendered.
If you have any questions regarding this GRT disclosure or need further
assistance, please contact our compliance officer.

Other Fees
Custodians may charge transaction fees on purchases or sales of certain
securities, including but not limited to, mutual funds and exchange-traded
funds. These transaction charges are usually small and incidental to the
...

Types of Clients
      Description
      REDW WEALTH LLC provides investment advice to high net worth
      individuals, individuals, family units, state and local governments, pension
      and profit sharing plans, trusts, estates, charitable organizations, corporations
      or business entities, and Native American Tribes. In the event that an
      Advisory Client is subject to the Employee Retirement Income Security Act of
      1974 (ERISA) REDW WEALTH LLC acknowledges that it is an ERISA
      fiduciary under the provision of ERISA, as stated in the engagement letter.
      Client relationships vary in scope and length of service.

                                REDW WEALTH LLC

      Account Minimums
      Investment Advisory accounts may be charged by flat fee, retainer, or
      percentage of assets under management. Some clients may be subject to
      predetermined minimum fees depending upon services requested, number of
      required meetings and geographic location. Individual and plan sponsors
      should carefully evaluate if services and pricing is appropriate for small
      balance accounts. Less expensive alternatives may be available from other
      providers.
      REDW WEALTH LLC has the discretion to waive account minimums and
      adjust pricing methods dependent upon all known facts and circumstances,
      including but not limited to the services requested, and the nature and length
      of the existing and anticipated future client relationship(s). Other exceptions
      may apply to employees of REDW WEALTH LLC and their relatives, or
      relatives of existing clients.

Methods of Analysis, Investment Strategies and Risk of Loss