Schmitt Wealth Advisers Corp

Item 5. Fees and Compensation

SWA offers services on a fee basis, which may include fixed fees as well as fees based upon assets under
management or advisement.

Financial Planning and Consulting Fees

SWA may charge a fixed fee for providing financial planning and consulting services under a stand-
alone engagement. These fees are negotiable, but generally range from $1,000 to $5,000 depending
upon the scope and complexity of the services. If the client engages the Firm for additional investment
advisory services, SWA may offset all or a portion of its fees for those services based upon the amount
paid for the financial planning and/or consulting services.

The terms and conditions of the financial planning and/or consulting engagement are set forth in the
Advisory Agreement and SWA generally requires one-half of the fee payable upon execution of the
Advisory Agreement. The outstanding balance is generally due upon delivery of the financial plan or
completion of the agreed upon services. The Firm does not, however, take receipt of $500 or more in
prepaid fees in excess of six months in advance of services rendered.

Fees that are charged in advance will be refunded based on the prorated amount of work completed at
the point of termination. The fees are negotiable and the fee schedule will be attached in the Financial
Planning Agreement. Clients may terminate their contracts without penalty within five business days
of signing the advisory contract.

                                     SCHMITT WEALTH ADVISERS, LLC

Wealth Management Fees

Schmitt Wealth Advisers is a fee-only investment adviser and is compensated soley by fees clients pay
for wealth management advice and services. SWA does not accept referral fees, commissions, or any
other forms or sources of compensation. SWA offers clients planning and investment management
services for an annual fee based on a blended percentage of the amount of assets under the Firm’s
management. This management fee generally varies between 0.30% and 1.50% in accordance with the
following fee schedule:

           ASSETS UNDER MANAGEMENT                                         BLENDED FEE %
           First $125,000                                                     1.50%
           Next $125,001 to $750,000                                          1.00%
           Next $750,001 to $5,000,000                                        0.75%
           Next $5,000,001 and above                                          0.30%

The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
being managed by SWA on the last day of the previous billing period. A client’s initial billing period may
be less than a full quarter for accounts opened and funded intra-quarter. In these situations an intra
quarter bill will be calculated based on the initial asset value of the new account and the remaining
number of days in that quarter. The account will be debited accordingly.

If assets in excess of $100,000 are deposited into or withdrawn from an account after the inception of a
billing period, the fee payable with respect to such assets is adjusted to reflect the interim change in
portfolio value. For the initial period of an engagement, the fee is calculated on a pro rata basis. In the
event the advisory agreement is terminated, the fee for the final billing period is prorated through the
effective date of the termination and the outstanding or unearned portion of the fee is charged or
refunded to the client, as appropriate. This Agreement may be terminated at any time upon receipt of
written notice to terminate given by either party to the other.

SWA charges clients a nominal 0.15% annual fee for non-discretionary administrative services on
investment accounts not actively managed.

Selection of Other Advisers Fees

SWA’s fee for the selection and ongoing monitoring of client accounts managed by independent
managers is 0.5% annually. The annual fee is prorated and charged quarterly, in advance, based upon
the market value of the assets under management on the last day of the previous billing period. The
independent manager’s fee is disclosed in the independent manager’s disclosure document provided
by the independent manager(s) to each client using their service(s).

Fee Discretion

SWA may, in its sole discretion, grandfather an existing advisory fee agreement, or, negotiate to charge

                                      SCHMITT WEALTH ADVISERS, LLC

a lesser fee based upon certain criteria, such as anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-
existing/legacy client relationship, account retention and pro bono activities.

Additional Fees and Expenses

In addition to the advisory fees paid to SWA, clients may also incur certain charges imposed by other
third parties, such as broker-dealers, custodians, trust companies, banks and other financial institutions
(collectively “Financial Institutions”). These additional charges may include securities brokerage
commissions, transaction fees, custodial fees, fees charged by the Independent Managers, charges
imposed directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus
(e.g., fund management fees and other fund expenses), deferred sales charges, odd-lot differentials,
transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts
and securities transactions. SWA’s only fees are the advisory fees received from clients. SWA does not
receive any portion of the additional fees and expenses that a client may incur from Financial
Institutions.

All fees paid to SWA for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds and ETFs to their shareholders. In the case of mutual funds, these
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Item 7. Types of Clients

SWA primarily offers services to families and individuals, and may offer services to pension and profit
sharing plans, trusts, estates, charitable organizations, corporations and business entities.

Minimum Account Value

As a condition for starting and maintaining an investment management relationship, SWA generally
imposes a minimum portfolio value of $250,000. SWA may, in its sole discretion, accept clients with
smaller portfolios based upon certain criteria, including anticipated future earning capacity, anticipated
future additional assets, dollar amount of assets to be managed, related accounts, account
composition, pre-existing client, account retention, and pro bono activities. SWA only accepts clients
with less than the minimum portfolio size if the Firm determines the smaller portfolio size will not cause
a substantial increase of investment risk beyond the client’s identified risk tolerance. SWA may
aggregate the portfolios of family members to meet the minimum portfolio size.