Tenzing Financial LLC

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into a written
agreement with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid quarterly in advance pursuant to the terms of the wealth management agreement.
Wealth management fees are based on the market value of assets under management at the end of the prior quarter.
Wealth management fees are based on the following blended tiered schedule.

                                                   Tenzing Financial, LLC
                                     1215 Mount Vernon Ave, Suite C, Williamsburg, VA 23185
                                          Phone: (757) 703-0030 | Fax: (757) 703-8344
                                                    www.tenzingfinancial.us

                             Assets Under Management ($)                   Annual Rate (%)
                                       Up to $250,000                          1.50%
                                    $250,001 to $500,000                       1.25%
                                   $500,001 to $1,000,000                      1.00%
                                  $1,000,001 to $2,000,000                     0.75%
                                  $2,000,001 to $5,000,000                     0.50%
                                 $5,000,001 to $10,000,000                     0.35%
                                $10,000,001 to $25,000,000                     0.25%
                                    $25,000,001 and over                       0.15%

Certain legacy clients will be charged a linear tiered schedule ranging up to 1.25%. The wealth management fee in the
first quarter of service is prorated from the inception date of the account[s] to the end of the first quarter. Fees may be
negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets under
management with the Advisor. All securities held in accounts managed by Tenzing Financial will be independently
valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuation to ensure accurate
billing.

The Advisor’s fee includes securities transaction costs, custody fees, and other related costs and expenses described
in Item 5.C below. However, the Advisor shall not receive any portion of these commissions, fees, and costs.

For assets managed through a third-party platform, the Client is not charged any additional platform fees. The Advisor
bears the cost of the platform in order to service these Client assets. Advisory fees apply to assets accessed and
managed through the platform as part of the Client’s assets under management, as disclosed above.

Financial Planning Services
Tenzing Financial offers financial planning services as part of its wealth management fees. Tenzing Financial also offers
standalone financial planning services for fixed engagement fee ranging from $5,000 to $10,000. Fees may be
negotiable based on the nature and complexity of the services to be provided and the overall relationship with the
Advisor. An estimate for total costs will be provided to the Client prior to engaging for these services.

Use of Independent Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more
Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an
Independent Manager. The Advisor will only earn its wealth management fee as described above. The terms of
Independent Manager’s investment advisory fees are pursuant to the terms of the executed agreement between the
Advisor and the Independent Manager. The total blended fee, including the Advisor’s fee and the Independent
Manager’s fee, will not exceed 2.00% annually.

Retirement Plan Advisory Services
Retirement plan advisory fees are charged an annual asset-based fee of up to 1.50%. Fees may be billed monthly or
quarterly (“Billing Period”) in advance or arrears pursuant to the terms of the retirement plan advisory agreement.
Retirement plan fees are based on the market value of assets under management at the end of the Billing Period. Fees
may be negotiable depending on the size and complexity of the Plan but shall not exceed the fee range stated above.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor and deducted from the Client’s account[s] at the Custodian.
The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s
account[s] at the beginning of the respective quarter. The amount due is calculated by applying the quarterly rate (annual
rate divided by 4) to the total assets under management with Tenzing Financial at the end of the prior quarter. Clients
will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the wealth management
fee. Clients are urged to also review and compare the statement provided by the Advisor to the brokerage statement
from the Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization

                                                  Tenzing Financial, LLC
                                    1215 Mount Vernon Ave, Suite C, Williamsburg, VA 23185
                                         Phone: (757) 703-0030 | Fax: (757) 703-8344
                                                   www.tenzingfinancial.us

permitting advisory fees to be deducted by Tenzing Financial to be paid directly from their account[s] held by the
Custodian as part of the wealth management agreement and separate account forms provided by the Custodian.

Financial Planning Services
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Item 7 – Types of Clients

Tenzing Financial offers investment advisory services to individuals, high net worth individuals, trusts, estates, and
businesses. Tenzing Financial generally does not impose a minimum relationship size.