Schwarz Dygos Wheeler Investment Advisors LLC

Fees and Compensation - Item 5

SDW charges fees based on a percentage of assets under management, hourly charges, fixed fees (not including
subscription fees) or other fees for its advisory services. At the sole discretion of SDW, these fees are negotiable.

SCHWARZ DYGOS WHEELER Investment Advisors LLC
Form ADV Part 2A

Portfolio Management Services
If you decide to engage SDW for portfolio management services, we will charge an annual fee based upon a percentage
of the market value of the assets being managed. Our fee for portfolio/asset management services is set forth in the
following fee schedule:

         Assets Under Management                                           Annual Fee*
         $0 to $500,000                                                    1.25%
         $500,001 - $1,000,000                                             1.00%
         $1,000,001 - $5,000,000                                           0.75%
         Over $5,000,000                                                   0.50%

SDW allows related accounts to be combined for fee paying purposes. We combine the account valuations to assist
you in meeting fee breakpoints and therefore lowering the overall fee level. SDW extends this option to all accounts
residing in the same household and certain members of the same family.

SDW will either bill you directly for payment of our fees or the fees will be deducted from your account. Fees are billed
monthly, in advance and are based on the value of your portfolio at the end of the preceding month. When we bill you
directly for the payment of our fees, we expect payment in full upon invoice presentation. When we deduct fees directly
from your portfolio, we usually deduct from a designated account to facilitate billing. The client must consent in advance
to direct debiting of their account.

If you choose to have SDW’s fee deducted directly from your account, you must provide authorization. The qualified
custodian holding your funds and securities will send you an account statement at least quarterly. This statement will
detail account activity. Please review each statement for accuracy. SDW has access to your account statements from
the custodian.

Our annual fee is exclusive of, and in addition to brokerage commissions, transaction fees, and other related costs and
expenses, which will be incurred by the client. However, we will not receive any portion of the commissions, fees, and
costs. Please see Item 12 – Brokerage Practices for further information on brokerage and transaction costs.

At the inception of investment management services, the first month’s fees will be calculated on a pro-rata basis. The
Advisory Agreement between SDW and the client will continue in effect until either party terminates the Agreement in
accordance with the terms of the Agreement. SDW’s annual fee will be pro-rated through the date of termination and
any remaining balance shall be charged or refunded to the client, as appropriate, in a timely manner.

Financial Planning Services
SDW may provide its clients with financial planning and consulting services. SDW will charge a fixed fee and/or hourly
fee for consulting services. Our consulting fees are negotiable. We utilize the following financial planning fee schedules:

    -    Fixed Fees: SDW will charge a fixed fee that ranges from $1,000.00 to $10,000.00, for broad based
         planning services. In limited circumstances, the total cost could potentially exceed $10,000.00. In such
         cases, we will notify the client and may request that the client pay an additional fee.

    -    Hourly Fees: SDW charges an hourly fee ranging from $250 to $500 for clients who request specific services
         (such as a modular plan or hourly consulting services) and do not desire a broad based written financial
         plan.

Prior to engaging SDW to provide consulting services, the client will generally be required to enter into a written
agreement with us. The agreement will set forth the terms and conditions of the engagement and describe the scope
of the services to be provided and the portion of the fee that is due from the client. Generally, SDW requires full
payment of the financial planning fee upon entering the written agreement. Where a client requests a specific hourly
consultation, the entire fee will be payable upon completion of the consulting session.

Either party may terminate the agreement by written notice to the other. In the event the client terminates SDW’s
consulting services, the balance of SDW’s unearned fees (if any) shall be refunded to the client.

Important notes regarding billing
Billing on Cash Positions: The firm treats cash and cash equivalents as an asset class. Accordingly, unless otherwise
agreed in writing, all cash and cash equivalent positions (e.g., money market funds, etc.) are included as part of assets
under management for purposes of calculating the firm’s advisory fee. At any specific point in time, depending upon

SCHWARZ DYGOS WHEELER Investment Advisors LLC
Form ADV Part 2A

perceived or anticipated market conditions/events (there being no guarantee that such anticipated market
conditions/events will occur), the firm may maintain cash and/or cash equivalent positions for defensive, liquidity, or
other purposes. While assets are maintained in cash or cash equivalents, such amounts could miss market advances
and, depending upon current yields, at any point in time, the firm’s advisory fee could exceed the interest paid by the
client’s cash or cash equivalent positions.

Billing on Margin: Unless otherwise agreed in writing, the gross amount of assets in the client’s account, including
margin balances, are included as part of assets under management for purposes of calculating the firm’s advisory fee.
Clients should note that this practice will increase total assets under management used to calculate advisory fees which
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Types of Clients - Item 7

We offer investment advisory services to individuals, pension and profit sharing plan participants, trusts, estates,
charitable organizations, corporations, and other business entities.

SDW requires a minimum of $200,000 to open and maintain an advisory account. At our sole discretion, we may waive
this requirement. This requirement can be met by combining two or more accounts owned by you or related family
members.

                    Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

The following are different methods of analysis that we may use when providing you with investment advice:

    -    Fundamental Analysis – fundamental analysis is a technique that attempts to determine a security’s value by
         focusing on underlying factors that affect a company's actual business and its future prospects. The term
         refers to the analysis of the economic well-being of a financial entity as opposed to only its price movements.

    -    Technical Analysis – technical analysis is a technique that relies on the assumption that current market data
         (such as charts of price, volume, and open interest) can help predict future market trends, at least in the
         short term. It assumes that market psychology influences trading and can predict when stocks will rise or fall.

We may use one or more of the following investment strategies when advising you on investments:

    -    Long Term Purchases – securities held for over a year.
    -    Short Term Purchases – securities held for less than a year.
    -    Trading – securities are sold within 30 days.
    -    Covered Options – covered option is a strategy in which an investor writes an option contract while at the
         same time owning an equivalent number of shares of the underlying stock.
    -    Margin Transactions – margin strategies allow an investor to purchase securities on credit and to borrow on
         securities already in their custodial account. Interest is charged on any borrowed funds for the period of
         time that the loan is outstanding.
    -    Short Sales – short selling is the selling of a stock that the seller doesn't own. More specifically, a short sale
         is the sale of a security that isn't owned by the seller, but that is promised to be delivered.

The investment advice provided along with the strategies suggested by SDW will vary depending on each client’s
specific financial situation and goals. This brief statement does not disclose all of the risks and other significant aspects
of investing in financial markets. In light of the risks, you should fully understand the nature of the contractual
relationship(s) into which you are entering and the extent of your exposure to risk. Certain investing strategies may
not be suitable for many members of the public. You should carefully consider whether the strategies employed will be
appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.

General Investment Risk: All investments come with the risk of losing money. Investing involves substantial risks,
including complete possible loss of principal plus other losses and may not be suitable for many members of the public.
Investments, unlike savings and checking accounts at a bank, are not insured by the government to protect against
market losses. Different market instruments carry different types and degrees of risk and you should familiarize yourself
with the risks involved in the particular market instruments you intend to invest in.

Loss of Value: There can be no assurance that a specific investment will achieve its investment objectives and past
performance should not be seen as a guide to future returns. The value of investments and the income derived may
fall as well as rise and investors may not recoup the original amount invested. Investments may also be affected by
any changes in exchange control regulation, tax laws, withholding taxes, international, political and economic
developments, and government, economic or monetary policies.

SCHWARZ DYGOS WHEELER Investment Advisors LLC
Form ADV Part 2A

Interest Rate Risk: Fixed income securities and funds that invest in bonds and other fixed income securities may fall
in value if interest rates change. Generally, the prices of debt securities rise when interest rates fall, and their prices
fall when interest rates rise. Longer-term debt securities are usually more sensitive to interest rate changes.

Credit Risk: Investments in bonds and other fixed income securities are subject to the risk that the issuer(s) may
not make required interest payments. An issuer suffering an adverse change in its financial condition could lower the
credit quality of a security, leading to greater price volatility of the security. A lowering of the credit rating of a security
may also offset the security's liquidity, making it more difficult to sell. Funds investing in lower quality debt securities
are more susceptible to these problems and their value may be more volatile.

Foreign Exchange Risk: Foreign investments may be affected favorably or unfavorably by exchange control
regulations or changes in the exchange rates. Changes in currency exchange rates may influence the share value, the
dividends or interest earned and the gains and losses realized. Exchange rates between currencies are determined by
supply and demand in the currency exchange markets, the international balance of payments, governmental
intervention, speculation, and other economic and political conditions. If the currency in which a security is denominated
appreciates against the US Dollar, the value of the security will increase. Conversely, a decline in the exchange rate of
the currency would adversely affect the value of the security.

Futures and Options: Options and futures contracts on securities carry a high degree of risk. The amount of the
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