Schrum Private Wealth Management LLC

Item 5. Fees and Compensation
   Investment and Wealth Management Fees

   Clients pay an asset based annual fee (“Annual Advisory Fee” or “Management Fee”) for
   Investment Management Services. The Annual Advisory Fee is calculated based upon a
   percentage of assets under management and generally range from .45% to 1.5%, depending on
   the size and composition of a client’s portfolio, the type and amount of services rendered and the
   individual(s) providing the services. Each client’s Tiered Management Fee Schedule is disclosed
   in the Advisory Agreement.

   The Annual Advisory Fee is billed monthly, in arrears, and calculated using the average daily
   balance. Fees will be debited from the account in accordance with the client authorization in the
   Advisory Agreement. Alternatively, the Firm may charge a flat fixed advisory fee, which is
   individually negotiated and based upon a number of factors including the size and composition of
   a client’s portfolio, the type and amount of services rendered and the individual(s) providing the
   investment management services.

   We retain the discretion to negotiate alternative fee schedules on a client-by-client basis. For
   example, Schrum Private Wealth can negotiate a fee schedule that is either higher or lower from
   the range set forth above. The client’s specific required investment management services are
   considered in determining the fee schedule. We also consider additional factors such as the
   complexity of the client, assets to be placed under management, anticipated future deposit of
   additional assets, related accounts, portfolio style, account composition, reports, and other factors.

   In addition to our advisory fees, clients are also responsible for the fees and expenses charged by
   custodians or broker dealers used to execute trades, including but not limited to, any transaction
   charges. Please refer to the "Brokerage Practices" section (Item 12) of this brochure for additional
   information.

   All fees paid to us for investment advisory services are separate and distinct from the fees and
   expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are
   described in each fund's prospectus. These fees will generally include a management fee, other
   fund expenses, and a possible distribution fee. Schrum Private Wealth primarily invests in “no-
   load” or load waived mutual funds. When feasible, the Firm selects institutional mutual fund share
   classes that typically charge lower underlying fees and expenses. A client could invest in a mutual
   fund directly, without our services. In that case, the client would not receive the services provided
   by our firm which are designed, among other things, to assist the client in determining which
   mutual fund or funds are most appropriate to each client's financial condition and objectives.
   Accordingly, the client should review both the fees charged by the funds and our fees to fully
   understand the total amount of fees to be paid by the client and to thereby evaluate the advisory
   services being provided.

Disclosure Brochure
 Disclosure Brochure

   Schrum Private Wealth treats cash as an asset class. As such, all cash positions (i.e., money
   markets, etc.) shall be included as part of assets under management for purposes of calculating
   the Annual Advisory Fee. At any specific point in time, depending upon perceived or anticipated
   market conditions or events (there being no guarantee that such anticipated market
   conditions/events will occur), Schrum Private Wealth may maintain cash positions for defensive
   purposes. In addition, while assets are maintained in cash, such amounts could miss market
   advances. Further, depending upon current yields, at any point in time, the Schrum Private Wealth
   Annual Advisory Fee could exceed the interest paid by the client’s money market fund.

   There are no minimum account assets required for Investment Management Services.

   Schrum Private Wealth offers a discretionary householding advisory fee program, sometimes
   referred to as “accounts related for fee billing purposes,” whereby the firm can aggregate assets
   of multiple related Schrum Private Wealth accounts and apply the aggregated Account Market
   Values for purposes of calculating the Annual Advisory Fee for each client account. In certain
   circumstances, the aggregated Account Market Values allow individuals to reach a higher
   breakpoint on the Tiered Management Fee Schedule and pay a lower Annual Advisory Fee. Please
   note, the householding advisory fee program requires a common fee schedule among each of the
   household’s accounts.

    Financial Planning and Consulting Fees

   Schrum Private Wealth charges a fixed fee for providing financial planning and consulting
   services under a stand-alone engagement (“Financial Planning and Consulting Agreement”).
   These fees are negotiable, but range from $500 to $10,000, depending upon the scope and
   complexity of the financial planning and/or the consulting services. The scope of the agreement
   can be for a defined project, such as the delivery of a plan, or for ongoing services. If the client
   engages the Firm for additional investment advisory services, Schrum Private Wealth can 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 Financial Planning Agreement. For project-based services Schrum Private Wealth requires
   one-half of the fee (estimated hourly or fixed) payable upon execution of the Financial Planning
   Agreement. The outstanding balance is due upon delivery of the financial plan or completion of
   the agreed upon services. Ongoing services are charged as described in the investment
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Item 7. Types of Clients
   Schrum Private Wealth offers advisory services to individuals, clients holding joint accounts,
   retail investors, trusts, estates, corporations, and other business entities in the United States.

   As previously disclosed in Item 5, our firm does not have established initial minimum account
   requirements.

   Client relationships vary in scope and length of service. Schrum Private Wealth reserves the right
   to decline any new account or resign as adviser to any account after initiation of an investment
   advisory relationship for any reason at its sole discretion.