Team Hewins LLC

ITEM 5:         FEES AND COMPENSATION

A. INVESTMENT ADVISORY SERVICES
Our fees for our investment advisory service lines (Standard Investment Advisory Services and Retirement
Plan Services) are set forth immediately below. In each instance, our annual fees for investment advisory
services are paid quarterly in advance, based upon the market value of the AUM on the last business day

Team Hewins, LLC – Part 2A of Form ADV                                                               Page 9

of the previous quarter. We may aggregate clients’ assets with assets of their family members, who are
also our clients, to allow all members of the family to achieve fee breakpoints. The initial quarterly fee is
based on funding date(s) or the date(s) assets are transferred. Generally, clients elect to have our advisory
fees deducted from their custodial accounts. The custodial agreement signed by the client typically
authorizes the custodian to debit the account for the amount of our fees and to directly remit the fees to
us in compliance with procedures accepted by the SEC. For a small subset of clients for whom direct billing
is necessary, payment is due upon receipt of our invoice.
Our Investment Advisory Agreements with our clients continue in effect until terminated by either the
client(s) or us with 30 days written notice. Depending on circumstances, we may waive the notice
requirement. After termination, we will provide a prorated refund on any unearned portion of the
advisory fee that was paid in advance, in accordance with the terms of the Investment Advisory
Agreement. Any refund due will be paid within five weeks of notice of termination.

    1. Standard Investment Advisory Services
Our annual fee for standard investment advisory services is tiered, based upon a percentage (%) of the
market value of the AUM as follows:
                                 ASSET BREAKPOINTS               ANNUAL FEE

                                 First $2,000,000                       1.00%

                                 Next $3,000,000                        0.85%

                                 Next $5,000,000                        0.40%

                                 Above $10,000,000                      0.30%

We may negotiate discounts from the above quoted fees. Any fee discounts must be approved by a member
of our senior management and documented. The fees above are for standard investment advisory
services, as detailed in each applicable Investment Advisory Agreement, and include basic financial
planning services. If a client requires specific consulting services, those services may require a separate
agreement and incur a separate fee. Team Hewins typically charges a minimum fee of $625 per quarter
but reserves the right to waive the minimum fee on a case-by-case basis.
Although Team Hewins believes that its fees are competitive, clients should understand that lower fees
for comparable services may be available from other sources and firms.
        Independent Managers and Private Investment Funds
Independent manager and private investment fund fees are in addition to and separate from the advisory
fees we charge. Fees charged will vary among the independent managers and private investment funds.
The independent manager’s fee will be outlined in the agreement between the independent manager and
Team Hewins or the agreement between the independent manager/private fund and the client. The fee
for private investment funds will be outlined in the offering documents provided by the fund.

Team Hewins, LLC – Part 2A of Form ADV                                                               Page 10

    2. Retirement Plan Services
The annual fee for Retirement Plan Services, regardless of whether we are engaged as an ERISA 3(38)
fiduciary or a 3(21) fiduciary, is tiered and based on a percentage (%) of the market value of the assets of
the Plan under management, as follows:

                               ASSET BREAKPOINTS                  ANNUAL FEE
                               First $500,000                            0.75%

                               Next $1,500,000                           0.50%

                               Next $3,000,000                           0.40%

                               Next $5,000,000                           0.25%

                               Next $5,000,000                           0.20%

                               Above $15,000,000                         0.10%

We may negotiate discounts from the above quoted fees. Any fee discounts must be approved by a
member of our senior management and documented. Team Hewins typically charges a minimum fee of
$625 per quarter but reserves the right to waive the minimum fee on a case-by-case basis.

B. OTHER SERVICES

    1. Financial Planning and Consulting Services
Our financial planning and consulting fees are negotiable and dependent upon the level and scope of the
services required as well as the IAR(s) rendering the services. Fees typically range from $3,000 to $10,000
on a fixed-fee annual basis, or $350 to $400 per hour on an hourly rate basis. Fees for financial planning
and consulting services are typically billed either on a quarterly or monthly basis or at the end of the
project, except in cases of projects with extended length, where interim billing could take place. These
fees are not deducted from client accounts; instead, they are paid directly by the client. We reserve the
right to request an initial deposit.

C. OTHER FEES

Below is a description of some, but possibly not all, of the fees clients are expected to pay to third parties,
in addition to our fees but in relation to the services we perform.

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    1. Custodial Fees
We generally recommend that Schwab serve as the custodian for our clients’ advisory assets. Fees charged
...

ITEM 7:         TYPES OF CLIENTS
Our clients include individuals and families, business entities, pension and profit-sharing plans, trusts,
estates, and charitable organizations. Our minimum account size is generally $250,000 for standard
investment advisory services and $1,000,000 for retirement plan services.