Three Seasons Wealth

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services
Three Seasons Wealth’s fees for advisory services vary among the different types of advisory services
we offer and may be negotiated at our sole discretion. The specific fees and manner in which fees are
charged and calculated are described in your investment advisory agreement. You should carefully
review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Wealth Management Services
Three Seasons Wealth offers investment and wealth management services for a maximum annual
fee of 1.75% based on the amount of assets under the firm’s management.

Fees are generally billed in advance each calendar quarter based on the market value of the assets
under management/advisement on the last day of the previous calendar quarter. Three Seasons
Wealth, in our sole discretion, may waive the annual fee based upon certain criteria, including, but
not limited to, anticipated future earning capacity and/or additional assets, dollar amount of assets
to be managed, related accounts, account composition, pre-existing client relationships, account
retention, and pro bono activities. For investment and wealth management services Three Seasons

Wealth provides to certain clients or for specific client holdings (e.g., held-away assets, 529 plans,
etc.), we may negotiate a fee rate that differs from our standard fee.

Fees may be based on cumulative household assets under management. However, certain ERISA
rules prevent householding corporate plans with personal assets for fee reductions. You should refer
to your advisory agreement for your specific fee rate(s).

Selection of Independent Managers
Fees for Independent Managers as set forth by the Independent Manager may be included in, or in
addition to, Three Seasons Wealth’s fees. You should refer to the Independent Manager’s Form
ADV Part 2A Brochure for information on their fees and compensation.
Programs Offered Through Wells Fargo
Fees for advisory programs offered through Wells Fargo are inclusive of Three Seasons Wealth’s
and Wells Fargo’s advisory fees and are as follows:

  Program                                Program Type                       Maximum Annual Advisory Fee

  Personalized Unified Managed Account   Unified Managed Account            2%

  Private Advisor Network                Separately Managed Account         2%

Wells Fargo will calculate and directly debit advisory fees from the clients’ accounts for
assets within their programs. You should refer to your advisory agreement for your specific
fee rate(s). Programs Offered Through Charles Schwab

Fees for advisory programs offered through Charles Schwab are inclusive of Three Seasons Wealth’s
and Charles Schwab’s advisory fees and are as follows:

  Program                                Program Type                       Maximum Annual Advisory Fee

  Managed Account Select                 Separately Managed Account         2%

  Managed Account Access                 Separately Managed Account         2%

  Managed Account Marketplace            Separately Managed Account         2%

Charles Schwab will calculate and directly debit advisory fees from the clients’ accounts for assets
within their programs. You should refer to your advisory agreement for your specific fee rate(s).

In cases where a Three Seasons client works with a third-party investment advisor, the third-party
investment advisor may calculate a Client’s Three Seasons fee, deduct the fee from the Client’s
account, remit any amount due to Three Seasons, and provide the Client with a statement showing
the amount remitted to Three Seasons and how that fee was calculated. Three Seasons is responsible
for reviewing any billing activities performed by a third party and verifying their accuracy.

Conflicts of Interest.

When managing a client’s account on a wrap fee basis, we receive as compensation for our
investment advisory services, the balance of the total wrap[or program] fee you pay after custodial,
trading and other management costs (including execution and transaction fees) have been deducted.
Accordingly, we have a conflict of interest because we have a financial incentive to maximize our
compensation by seeking to reduce or minimize the total costs incurred in your account(s) subject to a
wrap fee.

 Financial Planning and Consulting Services

 Fees for financial planning and/or consulting services are billed, in advance, at a fixed rate or on an
 asset-based basis. There is no minimum fee required for financial planning or consulting services;
 however financial planning and consulting fees shall generally not exceed $20,000 annually. Fees are
 due and payable as incurred.

 Factors we consider when determining our financial planning and consulting fees include, but are
 not limited to:

     •  The amount of time we expect to spend completing the financial planning or consulting
        services and providing related advice;
    • The complexity of your goals, issues and/or needs;
    • The extensiveness and complexity of the data needed regarding your personal financial
        information;
    • Your net worth or the value of your investment accounts and/or other assets that are the
        subject of the financial planning or consulting services; and/or
    • Special circumstances related to life changes, marital status, health or special income needs,
        or growth or decline of a personal business.
 Three Seasons Wealth may request a retainer to initiate financial planning and consulting services;
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Item 7 – Types of Clients
Three Seasons Wealth provides portfolio management services to individuals, high net worth
individuals and families, foundations, corporations, and other business entities.

Three Seasons Wealth generally requires a minimum initial investment of $250,000 for investment
management services. The firm, in its sole discretion, may accept clients with smaller portfolios
based upon each client’s particular circumstances.
Certain Independent Managers may impose more restrictive account requirements and varying
billing practices than Three Seasons Wealth. In such instances, Three Seasons Wealth may alter its
corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.