Selby Wealth Management LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more
written agreements/a written agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
investment advisory agreement. Investment advisory fees are based on the market value of assets under
management at the last day of the prior calendar quarter. Legacy Clients may be subject to different fees, and fees
are subject to negotiation between the Advisor and the Client. The typical investment advisory fees are based on the
following schedule:

                 Assets Under Management ($)               Annual Rate (%)
                 First $2,000,000                                0.75%
                 $2,000,001 to $3,500,000                        0.60%
                 $3,500,001 to $5,000,000                        0.50%
                 $5,000,001 to $10,000,000                       0.40%
                 Over $10,000,001                                0.25%

Financial Planning Services
Selby Wealth offers financial planning services at an hourly rate ranging from $200 to $275 per hour. Administrative
support fees are billed at $75 to $125 per hour. Fees may be negotiable based on the nature and complexity of the
services to be provided and the overall relationship with the Advisor. An estimate for total hours and overall costs will
be provided to the Client prior to engaging for these services.

B. Fee Billing
Investment Management Services
Investment advisory fees are calculated by the Advisor or its delegate and deducted or invoiced from the Client’s
account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to
be deducted from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by
applying the quarterly rate (annual rate divided by 4) to the total assets under management with Selby Wealth at the
end of the prior quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting
deduction of the investment advisory fee. Clients are urged to review the brokerage statement from the Custodian, as
the Custodian does not perform a verification of fees. Clients provide written authorization permitting advisory fees to
be deducted or invoiced by Selby Wealth to be paid directly from their account[s] held by the Custodian as part of the
investment advisory agreement and separate account forms provided by the Custodian.

Financial Planning Services
Financial planning fees are invoiced by the Advisor and are due upon completion of the agreed upon deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than Selby Wealth, in connection with
investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities
execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge
securities transaction fees for ETF and equity trades in a Client's account, provided that the account meets the
terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for

                                              Selby Wealth Management, LLC
                                                2200 Powell Street, Suite 350
                                                    Emeryville, CA 94608
                                           Phone: 415-857-9670 | Fax: 415-789-3299
                                                    www.selbywealth.com

mutual funds and other types of investments. The fees charged by Selby Wealth are separate and distinct from
these custody and execution fees.

In addition, all fees paid to Selby Wealth for investment advisory services are separate and distinct from the
expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are
described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for
the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a
possible distribution fee. A Client may be able to invest in these products directly, without the services of Selby
Wealth, but would not receive the services provided by Selby Wealth which are designed, among other things, to
assist the Client in determining which products or services are most appropriate for each Client’s financial situation
and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by
Selby Wealth to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for
additional information.

D. Advance Payment of Fees and Termination
Investment Management Services
Selby Wealth may be compensated for its investment management services in advance of the quarter in which
services are rendered. Either party may terminate the investment advisory agreement, at any time, by providing
advance written notice to the other party. The Client may also terminate the investment advisory agreement within five
(5) business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will
incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and
payable by the Client. Upon termination, the Advisor will refund any unearned, prepaid investment advisory fees from
the effective date of termination to the end of the quarter The Client’s investment advisory agreement with the Advisor
...

Item 7 – Types of Clients

Selby Wealth offers investment advisory services to individuals, high net worth individuals, trusts, estates,
charitable organizations, and retirement plans. Selby Wealth generally requires a minimum relationship size of
$100,000 to effectively implement its investment process. Selby Wealth may waive the requirement at its discretion.

                                             Selby Wealth Management, LLC
                                               2200 Powell Street, Suite 350
                                                   Emeryville, CA 94608
                                          Phone: 415-857-9670 | Fax: 415-789-3299
                                                   www.selbywealth.com