Steelhead Wealth Management LLC

Item 5—Fees and Compensation
The fee for Investment Management is based on the amount of assets under management (“AUM”), as deter-
mined by the independent qualified custodian. Clients engage Steelhead for Investment Management by
signing an advisory agreement (“Agreement”) that outlines our services, as well as a description of the fees
charged (“Advisory Fees”).
Advisory Fees will be charged quarterly and in advanced, based on the value of the AUM at the end of the
previous quarter. Accounts opened under this Agreement will be aggregated together for determining AUM
during the billing process, which may provide the client a lower effective Advisory Fee rate. Cash flows great-
er than $25,000 will be adjusted and pro-rated and paid or credited on the following quarterly billing.

Our Advisory Fee is charged on a tiered or blended fee schedule, meaning the AUM is billed at the rate that
corresponds to the level of AUM shown on the fee schedule. Advisory Fees are not a breakpoint fee. Fees
are deducted in advance and are deducted on a quarterly basis from clients accounts at the beginning of the
quarter. Our standard Advisory Fee schedule for Individual Accounts is as follows:
                           Assets Under Management           Advisory Fee
                                  First $500,000                1.45%
                                  Next $500,000                 1.25%
                                 Next $1,000,000                1.00%
                                 Next $1,000,000                0.90%
                                 Next $2,000,000                0.80%
                                Above $5,000,000                0.65%

We may charge certain clients fees that are lower than our standard fee schedule. Examples of such excep-
tions may include, but are not limited to, accounts for family members or friends, and clients whose accounts
are maintained on a "grandfathered" basis under prior arrangements.
Advisory Fees we charge are separate and distinct from the fees and expenses charged by investments like
mutual funds and exchange traded funds (ETFs). In these cases, the fees and expenses are described in
each fund's prospectus or available through common financial websites. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. It’s important to know that if a Pro-
gram or Independent Manager is used, the fees charged by them will be separate and in addition to our Advi-
sory Fee.
Fees for Retirement Services range up to 1.5% per year, and can be advance or arrears payable monthly or
quarterly as noted in the Retirement Plan Advisory Agreement. Fees are processed by the custodian or trus-
tee who holds funds. Fees are paid directly from the custodian or trustee to Steelhead.
Fees for Financial Consulting (“Consulting Fees”) are provided on an hourly basis up to $400 hour and up to
$25,000 for a flat fee engagement. All fees and services are specifically noted on the Financial Consulting
Agreement. Financial Consulting fees can be paid by check, third-party payment programs, ACH or through
any taxable account under an Advisory Agreement (if authorized by the client).
In addition to our Advisor Fee, clients are also responsible for the transaction charges, fees and other ex-
penses charged and imposed by the firm (“Custodian”) who holds the client assets. Clients provide us author-
ization to electronically debit our fees in the Agreement and custodial paperwork. Clients can cancel the
Agreement for Investment Management without any charges and penalties within 5 business days after con-
tract execution.
In the event a client terminates our services Advisory Fees and Consulting Fees will be charged until the no-
tice of termination is provided by the client. If terminated, we will rebate the unused portion of the Advisory
Fee or Consulting Fee. Advisory Fees are electronically debited from client accounts. The value used to cal-
culate the Advisory Fee will include all positions in the account, cash, dividends, accrued interest and interest
payments unless specifically excluded in the Special Instructions section of the Agreement.
Some Representatives may be licensed to sell insurance products. This can create a conflict to obtain a com-
mission. We hold to our fiduciary responsibility to provide recommendations in the best interest of the Client.
If Clients elect to act on any of the recommendations, the Client is under no obligation to effect the transac-
tions through us.

Item 7—Types of Clients
We provide services to individuals, trusts, estates, charitable organizations (non-profits), corporations, associ-
ations and other business entities (such as limited liability companies, networks or limited partnerships).