Ritholtz Wealth Management

Item 5: Fees & Compensation

    A. Description of how we are compensated for our advisory services provided to you.

         Comprehensive Portfolio Management:

         Our firm charges either a fee based on a percentage of assets under management or an ongoing
         flat fee for our Comprehensive Portfolio Management service. The selected billing arrangement
         will be indicated in the advisory agreement to be signed by the client.

         Standard Fee Schedule:

                      Assets Under Management            Maximum Annual Percentage of
                                                               Assets Charge
                           Up to $1,999,999                        1.25%
                       $2,000,000 to $2,999,999                    1.00%
                       $3,000,000 to $4,999,999                    0.85%
                       $5,000,000 to $9,999,999                    0.75%
                      $10,000,000 to $19,999,999                   0.65%
                      $20,000,000 to $49,999,999                   0.45%
                           Over $49,999,999                        0.35%

         For clients assessed a fee in accordance with our standard fee schedule, our firm’s fees are billed
         on a pro-rata annualized basis quarterly in advance based on the value of your account on the
         last day of the previous quarter. Fees may vary in certain circumstances. However, fees are
         generally not negotiable. The specific fee arrangement will be outlined in the advisory agreement
         to be signed by the client. We may group certain related client accounts for the purposes of
         determining the annualized fee.

         Flat Fee Rate:

         For clients assessed an ongoing flat fee, our firm charges a flat fee of up to $2,000,000, which is
         assessed annually and billed quarterly. This fee will be reassessed on an annual basis. Fees to be
         assessed will be outlined in the advisory agreement to be signed by the client.

         Non-ERISA 403(b) Plan Fee Schedule:

         The maximum annual fee charged for this service will not exceed 0.40% for non-ERISA 403(b)
         plans and IRAs for teachers. Fees to be assessed will be outlined in the advisory agreement to be

ADV Part 2A – Firm Brochure                         Page 7                                Ritholtz Wealth Management

         signed by the client. Our firm’s fees are billed on a pro-rata annualized basis quarterly in arrears
         based on the value of your account on the last day of the previous quarter.

         Third Party Money Managers:

         Fees may also be assessed by Independent Money Managers for services rendered by these firms
         to our clients in addition to the fees assessed by our firm. Our firm separately negotiates these
         compensation arrangements with Independent Money Managers on terms that we deem
         acceptable. The terms and conditions under which the client shall engage the third-party
         investment advisory firm or individual advisors shall be set forth in a separate agreement
         between the client and the designated third party.

         Good Advice Wealth Management:

         The maximum total fee charged for our Good Advice service will not exceed 0.75% of assets under
         management. Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based
         on the value of your account on the last day of the previous quarter. Fees to be assessed will be
         outlined in the advisory agreement to be signed by the client.

         Liftoff – Automated Advisory Services:

         The maximum total fee charged for our Liftoff service will not exceed 0.50% of assets under
         management. The fee is split between our firm and Betterment Securities. Fees are billed on a
         pro-rata annualized basis quarterly in arrears based on the average daily balance of your account
         during the previous quarter.

         Retirement Plan Consulting:

         Our Retirement Plan Consulting services are billed based on the percentage of Plan assets under
         management or on a flat fee basis. 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 will be determined
         on a case-by-case basis and will be detailed in the signed consulting agreement.

         Our firm’s fees are in addition to any fee assessed by any mutual funds in which Plan assets are
         invested and any transaction fees charged by the third-party administrator and/or custodian
         where the Plan is held. Our firm acknowledges that it receives no compensation of any kind from
         any party in relation to the services it provides as an independent consultant to the Plan
         fiduciaries. To the extent that the client requires extraordinary time, effort or travel, client and
         our firm will agree in advance on any additional compensation and or expense reimbursement.

         College Financial Planning:

         Fees for College Financial Planning services are charged on a flat fee basis of up to $4,000 for four
         meetings beginning in sophomore year through senior year of high school pursuant to a signed
         College Financial Planning agreement. Additional fees may apply if services extend beyond the
         scope of the agreement. The fees will be directly billed to the client in installments and due within
         30 days of completion of a consultation. Our firm’s existing clients will receive a reduced rate of
         25%.

ADV Part 2A – Firm Brochure                         Page 8                                 Ritholtz Wealth Management
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Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Individuals and High Net Worth Individuals.
       • Trusts, Estates or Charitable Organizations.
       • State or Municipal Government Entities.
       • Pension and Profit Sharing Plans.

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