Shelter Wealth Strategies LLC

Item 5: Fees and Compensation

Compensation for Our Advisory Services

The following section describes how we are compensated for the wealth management and other investment
advisory services that we provide to our clients. We require our clients to enter into a written agreement
with us governing the wealth management and other investment advisory services that we provide to them.

Wealth Management Services

Under our investment management agreements for our wealth management services, we generally charge
a management fee at a specified annual percentage rate of each account’s assets under management as
follows: 1.50% on the first $1 million of assets under management, 1.25% on the next $4 million of assets
under management, and 1.00% for any additional amounts over $5 million of assets under management.
Unless we otherwise agree, our investment management agreements for wealth management services
generally provide that you must pay management fees to us quarterly in advance. Our management fees
for the first quarter of our wealth management services are generally prorated from the inception date of
the relationship to the end of such first quarter. Our investment management agreements for wealth
management services typically may be terminated at any time by either party upon written notice to the
other party. If your investment management agreement for wealth management services is terminated prior
to the end of a calendar quarter, we will calculate and refund to you any unearned management fees paid in
advance, prorated to the date of termination.

We may consolidate the assets under management held by our clients and their households for purposes of
calculating our management fees in our discretion. We may waive, adjust, reduce or negotiate management
fees and account minimums for clients in our discretion. We generally waive, adjust, reduce or negotiate
management fees and account minimums for accounts in which we or our principals, affiliates, employees
or related persons have a direct or indirect beneficial interest. Our management fees may be adjusted,
waived or otherwise negotiated in our discretion and, therefore, certain clients may have fee schedules that
are lower or higher than that described above. In addition, clients whose investment management
agreements or investment advisory relationships we have assumed or acquired from other investment
advisory firms may have fee schedules that are lower or higher than that described above.

Our management fees are generally based on your custodian’s calculation of the fair market value of the
assets in your account as of the close of business on the last business day of the most recent calendar quarter.
We utilize technology and other systems provided by our third-party service providers and custodians to
assist in the calculation of management fees for your account. If no pricing information for a particular
security is readily available from your custodian for the applicable measurement date, we will determine
the fair market value of the security in good faith. In such situations, a potential conflict of interest exists

because our management fees and performance results will be based on our valuations of securities in your
account.

Our investment strategies are designed to be long-term in nature, and any withdrawal of assets from your
account may impair our ability to achieve your investment objectives and goals. Our management fees are
based on the fair market value of your account at the end of the quarter, and we generally do not reduce or
adjust our management fees for contributions or withdrawals from your account that occur during the
applicable quarter.

Financial Planning Services

We may provide financial planning services to you as part of our investment management agreement for
wealth management services or through consultations on an as-requested basis under a standalone financial
planning or consulting agreement. If financial planning services are provided under our investment
management agreement for wealth management services, our financial planning services are included in
the management fees described above for our wealth management services. If financial planning services
are provided through consultations on an as requested basis under a standalone financial planning or
consulting agreement, our fees for such services may be negotiated in our discretion. We may charge
additional fees for providing periodic updates or reviews of any recommendations provided to you through
our financial planning services to the extent set forth in our agreement with you.

Referring Adviser Services

We provide referral services on a non-exclusive basis to third-party investment managers for clients and
other individuals. When we provide referral services to third-party investment managers for our clients and
other individuals, we enter into a promoter relationship with the third-party investment manager. In these
situations, our clients or other individuals will enter into an investment management agreement directly
with the third-party investment manager, and we will enter into a promoter agreement directly with the
third-party investment manager. The third-party investment management manager retains sole authority
and responsibility for providing ongoing investment advisory services to our clients or other individuals,
and we are not involved and have no further interaction with the clients or other individuals in an investment
advisory capacity. Under our promoter agreements with the third-party investment managers, the third-
party investment managers generally pay us compensation based upon a percentage of the management
fees the third-party investment managers receive from managing the accounts of such clients or other
individuals for as long as they retain their account with the third-party investment managers. In these
...

Item 7: Types of Clients

We offer wealth management, financial planning and other investment advisory services to individuals,
high net worth individuals, families, trusts, estates, foundations, endowments and other similar types of
clients. We generally require a minimum relationship size of at least $250,000 in connection with our
investment advisory services, but we may waive this minimum in our discretion. In our discretion, we may
consolidate the amount of assets under management held in accounts of our clients and their households

and related accounts to determine whether or not our account minimums are satisfied for a particular client
relationship.