Strait & Sound Wealth Management LLC

ITEM 5: FEES AND COMPENSATION

Investment Management Services
Advisory Fees & Billing Practices

Fees for investment management are generally 0.5 - 1.5% per year of the assets under management, as
disclosed in the following table:

           Assets between                         Annual Fee
                   $0 – $ 300,000                     1.50%
            $300,000 – $ 600,000                      1.30%
             $600,000 – $ 1,200,000                   1.10%
           $1,200,000 – $ 2,400,000                   1.00%
           $2,400,000 – $ 5,000,000                   0.90%
           $5,000,000 – $10,000,000                   0.80%
          Assets over $10,000,000                  negotiable

These fees are billed at the beginning of each quarter, based on the assets under management as of the last
day of the previous calendar quarter. We may negotiate lower fees for friends, family and clients we, in
our sole discretion, find to be beneficial to our business. Lower fees may also be negotiated with clients
that allow a reduced scope and complexity of the services provided.

Clients who engaged the services of our investment adviser representatives while they were working at
previous advisors will generally continue paying the fees they agreed upon at that advisor. When the fees
at the previous adviser exceed the fees charged at Strait and Sound, clients will be asked to agree with the
above-mentioned fee schedule.

We generally require that you provide authorization for us to deduct our fees directly from your
investment account. Following are important disclosures about the deduction of management fees:

       You must provide authorization in our Investment Management Agreement for us to deduct fees.

       You will receive a detailed invoice each quarter which includes the fee, the formula used to
        calculate the fee, the time period covered by the fee, and the amount of assets under management
        on which the fee was based. This invoice will be sent to you at or around the same time a request
        for payment is sent to the Custodian.

       You will receive a statement from your custodian which shows all transactions in your account,
        including the deduction of our fee. We urge that you to compare this information with the fees
        listed in the account statement.

       You are responsible for reviewing the accuracy of the fees being billed, as the custodian will not
        do so.

In limited circumstances we may agree to allow clients to pay by check rather than deducting payment
directly from the client account.

Clients may end our advisory relationship by providing written notice. We will prorate the advisory fees
earned through the termination date and send you a refund of the prepaid, unearned portion of your fee.
We process refund payments within 30 days of the termination date and will send you a check or refund
your investment account.

Other Costs Involved

In addition to our advisory fee shown above, you are responsible for paying fees associated with investing
for your account. These fees include:

     mutual fund loads (if applicable). These charges are paid to brokers as a form of commission.

     management fees for ETFs and mutual funds. These are fees charged by the managers of the ETF
      or mutual fund and are a portion of the expenses of the ETF or mutual fund.

     brokerage costs and transaction fees for any securities or fixed income trades. These are
      generally charged by your custodian and/or executing broker.

Additional information about brokerage costs and services is provided in “Item 12: Brokerage Practices.”

When a client relationship begins on other than the first day of a billing period, fees will be pro-rated
based on the number of days the assets are managed, as described above.

Investment Consulting
Investment Consulting services are provided for no additional fee to our investment management clients.
When Investment Consulting services are provided to clients who opt not to engage us for Asset
Management services, we charge an hourly fee of $500. Investment Consulting only clients will receive
an invoice upon completion of the engagement that is payable upon receipt. You may pay for investment
consulting services by check or electronic transfer.

You may cancel our investment consulting agreement at any time by providing written notice. Upon
cancellation, we will present you with an invoice for time spent. This invoice is payable upon receipt.
We will provide copies of all prepared documents, reports, and calculations, if any, if requested.

Providing Investment Consulting services creates a conflict of interest because we would receive
additional fees if you implement recommendations through us. You are under no obligation to implement
recommendations that are part of the Investment Consulting services through Strait & Sound, or at all.
You may use other brokers or agents that are not affiliated with us.

We believe the fees mentioned above are competitive; however, you may be able to obtain similar
services from other sources at a lower price.

We are paid for our services by you only. We may receive discounts from other parties as described in

ITEM 7: TYPES OF CLIENTS
Our clients are typically individuals, high net worth individuals and business entities. Generally, we
require that you place $500,000 under management with us. However, we may waive that minimum at
our sole discretion.