Timmons Wealth Management LLC

Item 5: Fees and Compensation
Wealth Management Services
Client fees are the sole source of the Advisor’s income.

The Advisor charges a fee for Wealth Management Services based on the value of the client’s account (as
determined by the account’s custodian) at the end of each quarter. The fee is charged quarterly in arrears and
includes both Investment Management and Financial Planning services. The fee is prorated for any periods that
are less than a complete fee period (e.g., upon opening or termination of the account). Contributions and
withdrawals in excess of $10,000 from the account are also pro-rated during the quarter.

The fee, on an annual basis, is as follows:

                             Account Value                                   Annual Fee Rate
                             Up to $250,000                                      1.25%
                         $250,001 to $2,000,000                                  1.00%
                        $2,000,001 to $5,000,000                                 0.75%
                        $5,000,001 to $10,000,000                                0.65%
                         $10,000,001 and above                                 Negotiable

The fee schedule is tiered in nature. Accordingly, the fee is 1.25% for the first $250,000, 1.00% on the next
$1,500,000, 0.75% for the following $3,000,000, etc.

TWM generally requires a minimum household asset level of $250,000 for Wealth Management Services. TWM,
in its discretion, may waive its minimum asset level, charge a lesser investment advisory fee, charge a flat fee,
waive its fee entirely, or charge fees on a different interval, based upon certain criteria (e.g., anticipated future
earning capacity, anticipated future additional assets, related accounts, complexity of the engagement). As a
result, similarly situated clients could pay different fees. In addition, similar advisory services may be available
from other investment advisers for similar or lower fees.

General Provisions

For the services described above, the final fee schedule will be attached as an exhibit to the investment advisory
agreement. Clients may terminate their agreement with thirty days’ written notice. Clients may terminate their
accounts without penalty within five (5) business days of signing the agreement. If after five (5) business days the
Client terminates the agreement without having funded the account, TWM shall be entitled to receive
compensation for any work performed on behalf of the client prior to receipt of the written notice of cancellation,
at the rate of $150 per hour, with a minimum fee of $600.

Wealth Management Services clients typically authorize the Advisor to deduct its fee directly from the client’s
account. The client will receive an invoice from the Advisor and the deduction of the fee will be reflected in the
account statement that the client receives from the custodian. Clients may also choose to pay the fee directly to
the Advisor.

The Advisor does not serve as a qualified custodian and does not require prepayment of fees of more than
$1,200 and six months or more in advance.

Timmons Wealth Management, LLC                  ADV Part2A Brochure                   IARD/CRD Number: 165914
Other Costs Involved

In addition to the fee paid to TWM, wealth management services clients will incur other fees and expenses
associated with their accounts. Such fees and expenses include:

   •   Mutual fund and ETF fund-level fees and expenses paid to the funds’ service providers for investment
       management, custodial, trading, administrative services, and other costs. (These are disclosed in the
       funds’ prospectuses). Funds holding alternative investments generally have higher expenses than mutual
       funds.
   •   Brokerage and custody fees and administrative expenses associated with the client’s account.

Item 7: Types of clients
TWM provides services to individuals, including high-net worth individuals, small businesses, and charitable
organizations. The Advisor generally requires a minimum asset level of $250,000 for Wealth Management
Services. TWM, in its sole discretion, may waive or reduce its minimum asset requirement based upon certain
criteria as detailed in Item 5 above. TWM reserves the right to determine that an account (or proposed account)
is too small to be managed effectively.