Towerhill Wealth Management LLC

Item 5: Fees and Compensation

A. Methods of Compensation and Fee Schedule
TowerHill receives 20% of the fee that Morgan Stanley Smith Barney charges to the client.
Clients will be billed in accordance with the Morgan Stanley Smith Barney fee schedule, which is
disclosed in the ADV Part 2A, advisory agreement, and the solicitor’s disclosure statement the
client receives at or before engaging the asset management firm.

B. Client Payment of Fees
Clients will be billed in accordance with the Morgan Stanley Smith Barney fee schedule, which is
disclosed in the ADV Part 2A, advisory agreement, and the solicitor’s disclosure statement the
client receives at or before engaging the asset management firm.

C. Additional Client Fees Charged
All fees paid by clients to TowerHill are separate and distinct from the fees and expenses
charged by mutual funds, separate account managers, broker-dealers and custodians retained
by clients. Such fees and expenses are described in each mutual fund’s prospectus, each
separate account manager’s Form ADV or similar disclosure statement, and by any broker-dealer
or custodian retained by a client. If a mutual fund also imposes sales charges, the client may pay
an initial or deferred sales charge as further described in the mutual fund’s prospectus. The
management fees for investment managers are generally disclosed in each investment
manager’s disclosure document (brochure and brochure supplement) or, in the case of a mutual
fund, the mutual fund’s prospectus. Clients are advised to read these materials carefully before
investing. A client using TowerHill may be precluded from using certain mutual funds or
separate account managers because they may not be offered by the client's custodian.
Please refer to the Brokerage Practices section (Item 12) for additional information regarding the
firm’s brokerage practices.

D. External Compensation for the Sale of Securities to Clients
The firm’s advisory professionals are compensated solely through a salary and bonus structure.
The firm is not paid any sales, service or administrative fees for the sale of mutual funds or any
other investment products with respect to managed advisory assets.

                  Part 2A of Form ADV: TowerHill Wealth Management, LLC Brochure

Item 7: Types of Clients
TowerHill acts as a solicitor for investment management services. TowerHill has a written
solicitor disclosure agreement with its referral partner whereby TowerHill will solicit clients on
behalf of the referral partner and receive ongoing compensation for such referrals, provided that
such referrals establish investment advisory relationships with the referral partner. The referral
partner may impose restrictions or conditions for managing client assets. It is the client’s
responsibility to review the referral partner’s Form ADV Part 2 for important information
concerning any conditions imposed for managing investment assets.

                  Part 2A of Form ADV: TowerHill Wealth Management, LLC Brochure