TPB Wealth Advisors LLC

Item 5. Fees and Compensation

Managed Accounts Fee Schedule

TPB Wealth Advisors requires managed account clients to enter into an investment management agreement which generally,
among other matters, details the nature of the advisory relationship. While in some unique instances, a flat fee may be
negotiated with a client depending on the services to be provided, TPB Wealth Advisors annual investment advisory fee shall
be a tiered fee based upon a percentage (%) of market value and type of assets placed under TPB Wealth Advisors
management. For relationships established after January 1, 2022, TPB Wealth Advisors standard annual assets-under-
management fee is as follows:

 Standard Managed Account Fee Schedule                                                       (% of Assets Under Management)
 First $2 million of assets                                                                                1.00%
 Next $3 million of assets                                                                                 0.85%
 Next $5 million of assets                                                                                 0.70%
 Next $10 million of assets                                                                                0.60%
 Next $30 million of assets                                                                                0.50%
© TPB Wealth Advisors, LLC                                                                                             P age |9

                                                                                       Firm Disclosure Brochure
                                                                                                           Dated: March 2024

 Over $50 million of assets                                                                                0.40%

For some TPB Wealth clients, it may be appropriate to maintain investments accounts which use fixed-income securities only.
For relationships established after December 31, 2016, TPB Wealth Advisors fixed-income only fee schedule is as follows:

 Fixed Income Only Fee Schedule                                                             (% of Assets Under Management)
 First $5 million of assets                                                                                0.35%
 Next $10 million of assets                                                                                0.30%
 Next $10 million of assets                                                                                0.25%
 Over $25 million of assets                                                                                0.20%

In instances, where Texas Partners Bank (one of our related companies) acts as corporate trustee, clients may have a lower
fee than what is presented in the standard fee schedules above. These schedules are available upon request.

Under certain circumstances, such as for clients who have multiple family members’ portfolios under TPB Wealth Advisors
management, we may collectively apply the family members’ (also known as householding) assets to its fee schedule, resulting
in a reduced assets-under-management fee. Therefore, the advisory fee may vary from client to client.

Clients may elect to have TPB Wealth Advisors advisory fees deducted from their custodial account. Both TPB Wealth Advisors
Investment Management Agreement and the custodial/clearing agreement may authorize the custodian to debit the account
for the amount of TPB Wealth Advisors investment advisory fee and to directly remit that management fee to TPB Wealth
Advisors in compliance with regulatory procedures. In the limited event that TPB Wealth Advisors bills the client directly (upon
client request), payment is due upon receipt of TPB Wealth Advisor’s invoice.

Timing of Payment and Termination of Our Services

TPB Wealth Advisors shall deduct fees and/or bill clients quarterly in advance, based upon the ending market value of the
assets on the last business day of the previous quarter. Further, if clients make capital additions to their accounts which exceed
5% of previous assets under management, these additions will be billed on a pro-rata basis for the remaining days left in the
current quarter, using a look-back approach at the next standard quarterly billing period.

In general, either party may terminate the firm’s services at any time upon written notice to the other party in accordance
with the terms of the Investment Management Agreement. Any fees that are due, but have not been paid, will be billed to
you and are due immediately. Upon termination, the client receives a pro rata refund of pre-paid fees based on the number
of days remaining in the period for which the fees were paid. These fees are refunded as soon as possible, but generally within
45 days following the close of the current quarter. The refunding of fees is only permitted for full account termination and is
not applicable for partial or reoccurring withdrawals.

Additional Fees or Expenses Clients May Pay

Third Party Fees
TPB Wealth Advisors’ fees do not include brokerage commissions, transaction fees, and other related costs and expenses. You
may incur certain charges imposed by custodians, third party investment advisors and other third parties. These include fees
charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
© TPB Wealth Advisors, LLC                                                                                          P a g e | 10

                                                                                     Firm Disclosure Brochure
                                                                                                        Dated: March 2024

fund fees, and other fees and taxes on brokerage accounts and securities transactions. Clients utilizing third party investment
...

Item 7. Types of Clients
TPB Wealth Advisors provides services to individuals and high net worth individuals; corporate pension and profit-sharing
plans; trusts, estates and charitable organizations including foundations and endowments, corporations and other business
entities.

TPB Wealth Advisors does not require a minimum amount of investment assets; however, prefers to accept relationships with
assets of at least $1,000,000.