Silver Oak Wealth Advisors Services LLC

ITEM 5 – FEES AND COMPENSATION
The specific manner in which fees are charged by Silver Oak is established in a client’s written
Agreement with Silver Oak. Fees can be negotiable under certain circumstances at the sole
discretion of Silver Oak. Although Silver Oak believes its advisory fees are competitive, clients
should be aware that lower fees for comparable services can be available from other sources.

FINANCIAL PLANNING, CONSULTING, AND TRANSITION PLANNING CONSULTING SERVICES
The fee for providing financial planning, consulting, and financial transition consulting services is
quoted before beginning a project. A fixed fee is most often utilized to compensate the firm for
the specified project and is payable upon commencement of the engagement. In some cases, an
hourly fee can be utilized as an alternative approach or in some situations as an addendum to a
project fee if the client requests services beyond the scope of the initial project. Silver Oak adjusts
the agreed-upon fixed fee annually according to the Consumer Price Index (“CPI”). For legacy
clients, however, Silver Oak may or may not make a CPI-based adjustment. In all cases, such

adjustment will be agreed upon in writing between Silver Oak and the client.

Silver Oak’s fee for financial planning and financial transition consulting services generally range
from $2,500 to $10,000 on a fixed monthly fee basis and from $250 to $450 on an hourly rate
basis, depending upon the level and scope of the services required and the professional rendering
the service(s). Financial planning and financial transition consulting fees are paid in advance. In
the event the client terminates Silver Oak’s financial planning and/or financial transition consulting
services, the unearned portion of Silver Oak’s fee, if any, shall be refunded to the client. Since
financial planning and financial transition consulting services often require a large initial time
commitment, a large portion of these fees are considered earned shortly after the project has
begun.

INVESTMENT MANAGEMENT
For Investment Management services, Silver Oak will charge an annual fee up to 1.25% of assets
under management. Silver Oak’s annual investment management fee is charged on a pro-rata
basis, quarterly, in advance, based upon a percentage of the client’s assets under management
(including cash and cash equivalents) as of the close of business on the last business day of the
preceding calendar quarter.

Note: Related accounts refer to the firm’s “householding” policy. The firm will household
accounts for billing purposes. A household is defined as family relationships and domestic
partnerships. This is done on an arm’s length negotiation basis.

WEALTH MANAGEMENT (INCLUDING FINANCIAL PLANNING, FINANCIAL TRANSITION
CONSULTING AND INVESTMENT MANAGEMENT SERVICES)
For Wealth Management services, which include ongoing Financial Planning, Transition Planning
and Investment Management services, Silver Oak typically requires a combination of (i) an annual
fixed fee up to $60,000, depending on complexities, and (ii) an annual asset-based fee up to 1.00%
of assets under management and assets under advisement on amounts over $1 million. Both the
annual fixed fee and percentage fee are charged on a pro-rata basis, quarterly, in advance. The
percentage fee is based upon a percentage of assets under management and assets under
advisement (including cash and cash equivalents) as of the close of business on the last day of the
preceding calendar quarter. In certain cases, Silver Oak may only require the annual fixed fee.

Assets under Advisement refer to assets which Advisor monitors for Client on a non-discretionary
basis and provides advice or consultation, but where Client is the party responsible for arranging
or effecting the transactions, and Advisor will not have direct access to any Assets Under
Advisement.

Client accounts with a small balance can or will pay a higher annual fee than those charged by

other investment advisers.

As referenced above, under Investment Management: the firm will household accounts for fee
billing purposes. A household is defined as family relationships and domestic partnerships. This is
done on an arm’s length negotiation basis.

Typically, fees will be automatically deducted from the client’s account by the custodian as soon
as practicable following the end of each applicable period. However, clients can elect to be billed
directly for fees upon written request to the firm. Management fees shall be prorated for each
capital contribution and withdrawal made during the applicable calendar quarter (with the
exception of de minimis contributions and withdrawals). Accounts initiated or terminated during
a calendar quarter will be charged a prorated fee. Upon termination of any account, any prepaid,
unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable.

All securities under management will be subject to Silver Oak’s fee schedule regardless of whether
held at a brokerage firm, custodian, or other location, unless excepted specifically in the client’s
engagement agreement. Fees are subject to annual adjustment upon written notice to the client.

Held-Away Assets
Held-away assets to which Silver Oak manages via the Pontera platform will be billed according to
the client’s Investment Management Agreement or Wealth Management Agreement, as
applicable.

Separately Managed Account Programs
Clients utilizing SMA programs are charged an additional annual asset-based fee up to 0.50% of
the assets included in the SMA program(s). The annual SMA program fee is charged on a pro-rata
basis, quarterly, in advance, based upon a percentage of client’s SMA program assets under
management (including cash and cash equivalents) as of the close of business on the last business
day of the preceding calendar quarter. The SMA provider deducts fees directly from the client’s
...

ITEM 7 – TYPES OF CLIENTS
Silver Oak provides investment management and wealth management services to individuals, high
net worth individuals, family trusts and irrevocable trusts, charitable organizations, and corporations
or other businesses.

Silver Oak does not have any requirements for opening or maintaining an account with Silver Oak.
However, the SMA providers Silver Oak utilizes generally require the client to maintain a minimum
account balance of $250,000.