Torrey Wealth LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Wrap Asset Management:

Please see our Wrap Fee Program Brochure for information regarding our fees and compensation
for Wrap Asset Management services.

Wrap Comprehensive Portfolio Management:

Please see our Wrap Fee Program Brochure for information regarding our fees and compensation for
Wrap Comprehensive Portfolio Management services.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $250. Flat fees
will not exceed $10,000. The fee-paying arrangements will be determined on a case-by-case basis
and will be detailed in the signed consulting agreement. Our firm will not require a retainer exceeding
$1,200 when services cannot be rendered within 6 months.

ADV Part 2A – Firm Brochure                    Page 5                                     Torrey Wealth, LLC

Other Types of Fees & Expenses

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (i.e., fund management fees, initial or deferred sales charges,
mutual fund sales loads, 12b-1 fees, surrender charges, variable annuity fees, IRA and qualified
retirement plan fees, and other fund expenses), mark-ups and mark-downs, spreads paid to market
makers, fees for trades executed away from custodian, wire transfer fees and other fees and taxes on
brokerage accounts and securities transactions. Our firm does not receive a portion of these fees.

Wrap clients will not incur transaction costs for trades by their chosen custodian. More information
about this can be found in our separate Wrap Fee Program Brochure. Fidelity Brokerage Services
(“Fidelity”) eliminated transaction fees for U.S. listed equities and exchange traded funds for clients
who opt into electronic delivery of statements or maintain at least $1 million in assets at Fidelity.
Clients who do not meet either criteria will be subject to transaction fees charged by Fidelity for U.S.
listed equities and exchange traded funds.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm for Wrap Asset Management
and Wrap Comprehensive Portfolio Management services in writing at any time. Upon notice of
termination pro-rata advisory fees for services rendered to the point of termination will be charged.
If advisory fees cannot be deducted, our firm will send an invoice for due advisory fees to the client.

Financial Planning & Consulting clients may terminate their agreement at any time before the
delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work
performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.
Clients will receive a pro-rata refund of unearned fees based on the time and effort expended by our
firm.

Commissionable Securities Sales

Our firm and representatives do not sell securities through a Broker Dealer for a commission in
advisory accounts.

Representatives of our firm are licensed insurance agents. As a result of these transactions, they
receive normal and customary commissions. A conflict of interest exists as these commissionable
securities sales create an incentive to recommend products based on the compensation earned. To
mitigate this potential conflict, our firm will act in the client’s best interest.

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Corporations, Limited Liability Companies, Pension Sponsors, and/or Other Business Types

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.

Clients who opt into electronic delivery of statements or maintain at least $1 million in assets at
Fidelity will not be charged transaction fees for U.S. listed equities and exchange traded funds.