Item 5. FEES AND COMPENSATION
A. ADVISORY FEE
Wealth Management and Financial Planning Services
Advisory fees are generally negotiable for each client’s situation and tailored to each client’s financial plan and
custodial arrangement. Specific fee schedules will be discussed according to the plan recommended. Our
advisory fees do not exceed 1.8%. The wealth management fee is based on all investment assets (including cash
and cash equivalents) regardless of where held, including investment assets held within insurance products,
non-qualified and qualified plans, trusts and other entities or vehicles. The current wealth management fee
schedule is set forth on RWM Wrap Fee Program Brochure (Appendix I).
Non-Wrap Fee Basis
The client can determine to engage RWM to provide discretionary and/or non-discretionary investment
advisory services on a fee basis. RWM’s annual investment advisory fee shall be based upon a percentage (%)
of the market value and type of assets placed under RWM’s management, generally between 0.40% and 1.80%.
RWM’s annual investment advisory fee shall be based upon various objective and subjective factors, including,
but not limited to, the amount of the assets placed under RWM’s direct management, the complexity of the
engagement, and the level and scope of the overall investment advisory services to be rendered. (See also Fee
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ADV Part 2A SEC FILE NUMBER 801-69419
Differential discussion above.) Before engaging RWM to provide investment advisory services, clients are
required to enter into a discretionary or non-discretionary Investment Advisory Agreement, setting forth the
terms and conditions of the engagement (including termination), which describes the fees and services to be
provided.
Wrap Fee Program
If a client determines to engage RWM to provide investment management services on a wrap fee basis in
accordance with RWM’s Program, the services offered under, and the corresponding terms and conditions
pertaining to, the Program are discussed in the Wrap Fee Program Brochure, a copy of which is presented to
all prospective Program participants. Under the Program, RWM is able to offer participants discretionary
investment management services, for a single specified annual Program fee, inclusive of trade execution,
custody, reporting, and investment management fees. Please see Wrap Fee Brochure for the Wrap Fee Program
Fee Schedule. Please note that, in certain instances, a wrap fee of up to 1.8% may be negotiated with the client.
This may depend upon the amount and type of program assets.
Retirement Plan Advisory Services
Retirement plan advisory fees are generally based on the client’s assets under management. The retirement
plan advisory fee is separately negotiable between the plan and RWM.
B. FEE BILLING
Wealth Management and Financial Planning Services
Fees are payable quarterly in advance and are directly debited from the account. In some cases, advisory fees
are inclusive of execution costs. In as much as Adviser will pay these execution costs associated with account
transactions, a potential disincentive to trade may be presented. Clients should review and understand RWM
Wrap Fee Program Brochure fully (see Appendix I), prior to engaging the Adviser’s services.
For purposes of calculating Account Fees, all accounts are billed on a calendar quarter. The initial Account Fee will
include a prorated fee amount for the partial quarter, in addition to the standard quarterly fee for the upcoming
quarter. Future Account Fee payments are due and assessed at the beginning of each quarter based on the value
of the assets under management as of the close of business on the last business day of the preceding quarter as
valued by the third-party custodian of the account. Additional deposits and withdrawals will be added or
subtracted from portfolio assets, as the case may be, which may lead to an adjustment of the advisory fee. All
Account Fees are deducted from the account pursuant to RWM’s Investment Advisory Agreement
Clients may elect to have the RWM’s advisory fees deducted from their custodial account. Both RWM's Investment
Advisory Agreement and the custodial/clearing agreement may authorize the custodian to debit the account for
the amount of the RWM's investment advisory fee and to directly remit that management fee to the RWM in
compliance with regulatory procedures. In the limited event that the RWM bills the client directly, payment is due
upon receipt of RWM’s invoice. RWM shall deduct fees and/or bill clients quarterly in advance, based upon the
market value of the assets on the last business day of the previous quarter.
RWM may provide an optional aggregation and/or performance reporting service for an annual fee of 0.25%.
The fee will be prorated, and paid quarterly in advance or arrears, based upon the value of the accounts
receiving comprehensive reporting as of the last day of the previous quarter. RWM, in its sole discretion, may
elect to waive or reduce the fees associated with comprehensive reporting and intends to waive it entirely for
clients with more than $1,000,000 under RWM’s management.
Retirement Plan Advisory Services
For purposes of calculating Account Fees, we calculate and bill our advisory accounts in advance, on a calendar
quarter. Your first consulting fee deduction may include a prorated fee amount for the previous quarter, if
advisory services began prior to the previous quarter’s end date. Subsequent account fee payments are due
and assessed at the beginning of each quarter and are based on the value of the account assets as of the close
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