Tenon Financial LLC

Item 5: Fees and Compensation
Please note, unless a client has received Tenon Financial’s disclosure brochure at least 48 hours prior to signing
the investment advisory contract, the investment advisory contract may be terminated by the client within five (5)
business days of signing the contract without incurring any advisory fees. How we are paid depends on the type of
advisory service we are performing. Please review the fee and compensation information below.

Tenon Financial has one service offering; an ongoing financial planning and investment management
service:
Our fee is based on a flat fee range and is calculated as follows:
The annual fees are negotiable, prorated and paid in arrears on a quarterly basis. The fee range is flat, ranging
from $3,600 to $36,000 annually. The fee is to be mutually agreed upon with the client prior to Tenon Financial
starting work on the client’s financial plan. The fee determination is based upon the complexity of the client’s
financial profile and therefore the resources required to service the client during the year.
Clients whose annual fees are on the low end of the fee ranges are clients whose financial profiles have minimal
complexity. Typical aspects of a client with minimal financial complexity include, but are not limited to, the
following: single with no children, no ex-spouses or no other dependent persons, a W-2 wage earner as opposed
to self-employed, does not own any real estate, does not own any investments besides liquid publicly traded
securities and pooled investment vehicles, does not have any particular legacy goals for his or her estate, etc.
Clients whose annual fees are on the high end of the fee range are clients whose financial profiles contain a lot of
complexity. Such clients may include, but are not limited to, business owners, clients with large holdings of real
estate or other less liquid assets, clients with highly structured legal estates, clients whose household has multiple
different investment accounts, etc.

No increase in the annual fee shall be effective without agreement from the client by signing a new agreement or
amending their current advisory agreement.
Advisory fees can be directly debited from client accounts or the client may choose to pay by check, credit card,
debit credit or electronic funds transfer.
Accounts initiated or terminated during a calendar quarter will be charged a prorated fee based on the amount of
days in the quarter the accounts are under Tenon Financial’s management. An account may be terminated with
written notice at least 14 calendar days in advance. Since fees are paid in arrears, no refund will be needed upon
termination of the account.
Other Types of Fees and Expenses
Our fees are exclusive of brokerage commissions, transaction fees and other related costs and expenses that may
be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, and other third parties
such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer or electronic fund
fees and other fees and taxes on brokerage accounts and securities transactions. Mutual fund and exchange-traded
funds also charge internal management fees which are disclosed in their respective fund prospectuses. Such
charges, fees and commissions are exclusive of, and in addition to, our fee and we shall not receive any portion of
these commissions, fees or costs.
Item 12 further describes the factors we consider in selecting or recommending broker-dealers for client
transactions and determining the reasonableness of their compensation (e.g. commissions).
We do not accept compensation for the sale of securities or other investment products including asset-based sales
charges or service fees from the sale of mutual funds.

Item 7: Types of Clients
We provide financial planning and portfolio management services to individuals and high net-worth individuals.
We do not have a minimum account size requirement.