Schneider Downs Wealth Management Advisors LP

Item 5: Fees and Compensation
SDWMA Personal Financial Services Investment Management - The fee for investment
management services is based upon a percentage of the value of assets under management as of
the close of business on the last day of the billing period. The first and last period’s fees will be
billed on a prorated basis, based upon the number of days you utilize the investment management
services.

Fees are calculated by SDWMA Personal Financial Services on a quarterly basis and are payable in
advance. For accounts held at Fidelity or Schwab, SDWMA Personal Financial Services will
directly deduct the advisory fee from your accounts. Upon request, fees may be payable by check.
For accounts in which advisory fees are directly debited, the custodian does not independently
calculate the amount of the fee to be debited. The custodian will make payment based on the
information we supply to them. SDWMA Personal Financial Services will provide you with a
paper or electronic copy of your invoice. It is important that you review this invoice and contact
your advisor with any questions.

Based upon the nature of the services to be provided by SDWMA Personal Financial Services and
the account size, fees may be negotiated at the sole discretion of management. SD Wealth
Management shareholders and employee family members may have a reduced advisory fee
compared to other SDWMA Personal Financial Services clients.

                                                                                          9 | Page

The typical advisor fee for Investment Management accounts managed by the SDWMA Personal
Financial Services will be as follows:

        Value of Assets Under Management                       Annual Fee
        $8 Million or less
        First $1,000,000                                          1.00%
        Next $1,500,000                                           0.85%
        Next $1,500,000                                           0.70%
        Next $2,000,000                                           0.60%
        Next $2,000,000                                           0.50%

        Value of Assets Under Management                       Annual Fee
        Greater than $8 Million
        First $10,000,000                                         0.60%
        Next $5,000,000                                           0.40%
        Next $5,000,000                                           0.35%
        Assets above $20,000,000                                  0.30%

In addition, the advisory fee does not include any mutual fund or third-party private
placement/private fund management fees, exchange traded fund fees or mark-up associated with
the purchase of an individual bond. Information with respect to the fees charged by a specific third-
party fund can be found in the fund’s prospectus or private fund offering documents. There may
also be an additional transaction fee charged by the custodian associated with buying or selling an
exchange traded fund, mutual fund, individual bond, or individual security position, if applicable.
This fee is charged at the time of the trade directly by the custodian. Please see Item 12:
Brokerage Practices for additional information.

SDWMA Personal Financial Services generally uses a combination of mutual funds, individual
bonds, and exchange traded funds to build portfolios. SDWMA Personal Financial Services does not
receive any monetary compensation from the providers of the investments we recommend.

For larger accounts, SDWMA Personal Financial Services will occasionally recommend an
unaffiliated SAM to manage a portion of your portfolio when suitable. For accounts that utilize an
unaffiliated SAM, you will be charged the SDWMA Personal Financial Services advisory fee
described above, and you will also be charged a separate advisory fee from the SAM. Depending on
the product and the manager, SAM fees are based on the value of your assets and range between
0.25% and 1.00%.

For program suitable clients, SDWMA may recommend Private Equity funds. For accounts that
participate in Private Equity Funds, you will be charged the SDWMA Personal Financial Services
advisory fee described above, and you will also be charged a separate fee from the Private Equity
fund. Depending on the product and the manager, Private Equity fees may be based on the
committed capital or the contributed capital and vary from .075% to 2%. Additional fees associated
to each product can be found in the Private Equity firm’s ADV brochure.

In some instances, SDWMA Personal Financial Services does not have authority to implement
transactions in an account but provides portfolio monitoring services. These services may consist
of consolidating and reporting on all of your holdings and / or reviewing 401(k) or other outside
accounts. Depending on the nature or scope of the service, a quarterly fixed fee for the services may
be charged in lieu of an asset-based fee as negotiated by the parties. Quarterly fixed fees are paid in
                                                                                           10 | Page

advance, by check or withdrawn from an account that we manage for you.

Agreements can be terminated by either party upon ten (10) days prior written notice. In the
event of the termination of this Agreement by the Client, the Client will owe to the Adviser such
amount as is determined at the discretion of the Adviser based upon the amount of time and
resources expended by the Adviser prior to such termination, less any Advisory Fees already paid
to the Adviser for such time and resources. If fees are owed to the client, the fees will be prorated
to the date of termination and the unearned portion of the prepaid fees will be refunded to the
client.

Additional Billing Items – SDWMA allows clients to aggregate accounts for fee schedule
breakpoints. At the client’s direction, payment of advisory fees can be made from another eligible
...

Item 7: Types of Clients
SDWMA Personal Financial Services primarily services individuals, trusts, estates, pension plans,
charitable organizations and business entities. The account minimum is currently set at $1,000,000
in investable assets for high-net-worth Investment Management and Financial Planning accounts.
In certain instances, SDWMA Personal Financial Services also manages accounts for individuals
who fall beneath our minimum. These relationships are approved by management.

The SDWMA Retirement Solutions group offers fee based Advisory Services to plan sponsors and
investment committees of companies. There currently is not an account minimum with this
service. SDWMA Retirement Solutions will assist with existing plans and new start up plans.

The services offered through the SD Advantage IRA Platform are intended for individual investors
establishing qualified accounts. The account minimum for these services is currently set at $50,000
to open an account. Accounts below the stated minimum are approved by management.

The minimum can be waived for all services at the discretion of management.