Trail Financial Planning LLC

Item 5: Fees and Compensation
Please note, unless a client has received the firm’s disclosure brochure at least 48 hours prior to signing
the investment advisory contract, the investment advisory contract may be terminated by the client,
with written or verbal notice, within five (5) business days of signing the contract without penalty. In
some instances, the Adviser will send the client a written invoice concurrently with the request for
payment or payment of the Adviser’s advisory fees on your custodian(s) fee invoice. We urge the client
to compare this information with the fees listed in the account statement. How we are paid depends on
the type of advisory service we are performing. Fee(s) may be higher than normally charged in the
industry and similar services may be offered by another adviser at a lower fee. Please review the fee
and compensation information below.

Fee for Comprehensive Financial Planning
Table 3 illustrates typical fees, which tend to be based on the phase of life of a client.
                                 Table 3. Typical fees for Comprehensive financial planning

    Phase of Planning                             Typical cost

    Initial Planning Fee (one-time): Big
                                                  $3,000 - $5,000 depending on complexity
    picture and deep dive/action planning

    Ongoing client care (quarterly fee and        Investment Management Fee Model (asset minimum
    billing)                                      applies)

Planning fees may be subsidized by investment management fees depending on the amount of Assets
Under Management (or AUM). If the AUM is over $500,000, then all initial and ongoing planning fees
may be subsidized. If the AUM is below $500,000, then a portion of the initial and ongoing fees may be
subsidized. Your advisor will provide you with specific terms based on your needs and your AUM.

Investment Management Fee Model
Our standard advisory fee is based on the market value of the total Household Assets Under
Management, or AUM1, and is calculated as shown in Table 4:
                                      Table 4. Investment Management Fee Structure

                        Household Assets Under Management                               Quarterly Advisory Fee

                     First $500,000 (AUM from $0 - $500,000)                                    0.25%

 Assets Under Management, or AUM, are defined by any and all assets that are included in a separate Investment
Management contract, and for management of which the client pays a fee to the Advisor.

Form ADV Part 2 – Firm Brochure Page 11​Updated: 03/10/2026

Trail Financial Planning LLC​                    ​

          Next $1,500,000 (for AUM between $500,000 - $2,000,000)                 0.20%

                 Additional AUM (for AUM above $2,000,001)                        0.15%

Fees are paid in arrears on a quarterly basis. The advisory fee is a blended fee and is calculated by
assessing the percentage rates using the predefined levels of assets as shown in the above chart,
resulting in a combined weighted fee. The AUM is based upon the last open market day of the calendar
quarter.

For example, an account valued at $800,000 would pay an effective quarterly fee of $1,850 or
0.23125%. This is determined by the following calculation: ($500,000 x 0.25%) + ($300,000 x 0.20%) =
$1,850. Investment management fees may be negotiable. No increase in the annual fee shall be
effective without agreement from the client by signing a new agreement or amendment to their
current advisory agreement.
Advisory fees may be directly debited from client accounts, or paid by check or electronic funds
transfer, per client’s choice. An investment management agreement may be terminated at any time
with written notice. Accounts initiated or terminated during a calendar quarter may be charged a
pro-rated fee based on the amount of time the Client-Advisor Agreement was valid during the billing
period. Upon termination, any unearned fee will be refunded to the client.
For fees paid by electronic funds transfer, debit card or credit card, we use an independent third-party
payment processor in which the client can securely input their banking information and pay their fee.
We do not have access to the client’s banking information at any time. The client will be provided with
their own secure portal in order to make payments.
Members of the same family may combine account values (for purposes of fee calculation) if their
finances are enmeshed in such a way as to allow for one Investment Policy Statement and Advisory
Agreement to cover all accounts.

Hourly fee model
Services delivered under the hourly fee model are based on time worked, and the hourly rate. Our
current hourly rate is $300/hour. Fees may be negotiable based on client and advisor discussions.

Fee details for all planning work
The fee is written into the client-advisor agreement and is established before any work is done. Fees
are based upon our hourly rates as published above. Follow-up services and meetings will also be tied
to our hourly rate.  Financial planning fees will be offset for related advisory services of assets being
managed by the Adviser. If no service was provided during the billing period, no fee will be charged.

Form ADV Part 2 – Firm Brochure Page 12​Updated: 03/10/2026

Trail Financial Planning LLC​                     ​

 Clients may opt to make partial monthly payments to pay off the account balance over time. All work
(except for initial deposit as described below) will only be invoiced after the work is completed.
Trail Financial will not bill an amount above $1,200 six months or more in advance. Financial planning
services may be terminated at any time by written or verbal notice. If the planning agreement is
terminated, client will be billed for work done, but not yet paid for, based on our hourly rate. If
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Item 7: Types of Clients
We provide financial planning and investment management services to individuals, families, small
businesses, non-profit entities and trusts.
We do not have a minimum account size requirement for financial planning services and/or a passive
strategy of investment management. However, if a client wishes for active investment management,
the minimum Assets Under Management is $100,000. The $100,000 account minimum for active
management may be waived in certain cases.