Stash Investments LLC

Item 5 – Fees and Compensation

Wrap Fee Program
As outlined more fully in the wrap fee disclosure brochure applicable to your account, Stash offers
wrap fee program services in connection with Client Securities Accounts and Financial Counseling
Services. Depending on your enrollment and eligibility, you will be offered either (A) tiered Platform
Tier Services (Tier 1 or Tier 2), or (B) the Stash+ Subscription Program. Clients enrolled in either
Program may receive Financial Counseling Services without opening or maintaining an account,
subject to the terms of the applicable Advisory Agreement and wrap fee brochure. Each arrangement
is described in the applicable Wrap Fee Program Brochure (including the brochure for tiered Platform
Tier Services and the Wrap Fee Program Brochure – Stash+ Subscription, as applicable) and in your
Advisory Agreement.

The subscription-based fee structure used in the Programs creates a conflict of interest because
Stash has an incentive to increase the number of paying subscribers and retain clients
regardless of account activity. In addition, Stash has an incentive to encourage clients to use
services, including Discretionary Managed Accounts, that generate additional AUM Fees. Stash
mitigates these conflicts through supervisory oversight and by adhering to its fiduciary duty to act
in the client’s best interest.

Tier Fees (Platform Tier Services only)
Stash currently offers services provided by Stash under the Advisory Agreement, and the custodial
and brokerage services provided by the Custodian and the Broker under the Customer Agreement (if
any), on a “tiered” basis (a “Platform Tier Service”). If the Client has elected to receive services
through a Platform Tier Service, the Stash Fee is a “per-tier” fee, which may include one or more
individual accounts. The amount of the Stash Fee applicable to a Platform Tier Service varies per
type and depending on the total value of the assets in your Discretionary Managed Account (if any),
as described in the Wrap Program Brochure. As described in the Wrap Program Brochure, the Stash
Fee is a fixed fee, plus, if applicable depending on the total value of the assets in your Discretionary
Managed Account (if any), the AUM Fee.

There are currently two types of Platform Tier Services within the Program, referred to herein as Tier
1 and Tier 2, but which may vary by name; provided, however, that Stash may, in its sole discretion,
selectively restrict the availability of one or more Platform Tier Services to new Clients to assess the
impact on subscription rates for other Platform Tier Services. Any non-advisory services provided in
connection with any of the Platform Tier Services are provided by one or more affiliates of Stash.
Unless otherwise agreed by Stash in writing or through separate notice from a Stash affiliate, in
cases where such non-advisory services are made available, such engagement does not result in an
investment advisory relationship with Stash, and Stash has no corresponding fiduciary duty with
respect to such services.

Stash does not currently receive any sales commissions, 12b-1 fees or other fees from ETFs or
products for investing funds on behalf of clients. Clients that invest in ETFs generally pay
management fees and expenses to the investment managers of the ETFs. ETF fees are typically
embedded expenses that reduce the net asset value of the fund and directly affect the fund’s
performance. ETF expenses may include management fees, custodian fees, brokerage commissions,
legal fees, audit fees, and accounting fees. ETF expenses may change from time to time at the
discretion of the ETF issuers. Stash does not receive any portion of fees charged by an ETF.

Stash+ Subscription Program

For clients who enroll in the Stash+ Subscription Program, the Stash Fee consists of (i) a fixed
subscription fee of $12 per month, and (ii) if applicable, the AUM Fee on Discretionary Managed
Accounts as described below. The AUM Fee applies to taxable Discretionary Managed Accounts
when assets equal or exceed $1,000 (calculated as described in this Brochure) and applies to
Managed Retirement Portfolios as described in the Wrap Fee Program Brochure – Stash+
Subscription. Billing frequency, prepayment, refunds, and other terms for the fixed subscription portion
are described in the applicable Advisory Agreement and the Wrap Fee Program Brochure – Stash+
Subscription.

Monthly and Annual Billing Periods

Except for the AUM Fee (which are payable quarterly in arrears and calculated as described below),
the Stash Fee is payable either (in Stash’s sole discretion) (i) monthly in advance, which will be billed
during the monthly period for which the services are performed, or (ii) annually in advance, which will
be billed during the annual period for which the services are performed. The monthly billing period is
each monthly period, with your initial monthly billing period starting on your initial billing date and
continuing until the last day preceding the monthly anniversary of your billing date (your “Billing
Anniversary Date”), and each subsequent monthly billing period beginning on your monthly Billing
Anniversary Date and continuing until the last day preceding the next monthly Billing Anniversary Date
(any such period, a “Monthly Billing Period”). The annual billing period starts on your initial annual
billing date and lasts until the last day immediately preceding the annual anniversary of such billing
date (such date, also a “Billing Anniversary Date”, and such period, an “Annual Billing Period”). Stash
reserves the right to limit your ability to prepay the fixed portion of your Stash Fee on an annual basis,
thus only allowing you to prepay such fee on a monthly basis. In the event you contact Stash and
directly authorize Stash customer service to purchase a Platform Tier Service with in the Platform Tier
Services Program on your behalf, you will have automatically agreed to pay the fixed portion of your
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Item 7 – Types of Clients
Stash provides investment advice to individual investors who are U.S. citizens or lawful residents
of the U.S. for tax purposes who have a social security number or ITIN, are located in the United
States, and maintain a checking account with a U.S. bank.

Conditions for Managing Accounts – Account Size
Stash does not require any minimum commitment to receive the Program as it relates to the
Financial Counseling Service. Stash does not require any minimum deposit to open a taxable
brokerage account, Custodial account (UTMA/UGMA), Roth IRA, Traditional IRA, or
Discretionary Managed Account.

The minimum balance to maintain a taxable brokerage account, Custodial account (UTMA/UGMA),
Roth IRA, or Traditional IRA in the Program is $.01. The minimum balance to maintain a Discretionary
Managed Account is $5. You may fund your Stash Account by initiating or directing a deposit of a
minimum of $0.01 or more through the Platform at any time. With respect to your existing
Discretionary Managed Account, once the additional cash balance in your Discretionary Managed
Account meets a threshold of $1.00, Stash will automatically invest the total cash amount in your
Discretionary Managed Account into the Automated Selected Investments. However, Stash will not
invest any additional cash in your Discretionary Managed Account into the Automated Selected
Investments unless and until your total cash balance reaches a minimum threshold of $1.00. In
addition, Stash may in its sole discretion set different minimum deposit amounts for the purchase of
each Investment.

If a Client requests a withdrawal or sale of assets in a Discretionary Managed Account in an amount

equal to or greater than 90% of the total balance, Stash reserves the right to terminate the
Discretionary Managed Account. Stash also reserves the right to terminate any Client Securities
Account that does not maintain the minimum balance required to stay open. In the event a Client
Securities Account falls below the minimum balance required to stay open, Stash may in its sole
discretion deduct the entirety of the account balance and close the account in lieu of collecting the
wrap fee.