Transparent Wealth Consulting LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

       Traditional Brokerage Accounts

               Total Assets Under Management          Annual Fees
               $500,000 - $1,500,000                  1.20%

               $1,500,001 - $2,500,000                1.00%

               $2,500,001 - AND UP                    0.80%

       529 Plan Accounts

       TWCL will charge a .0071% annual fee for 529 plans (TD Ameritrade).

       Annuities Accounts

       TWCL will charge a .0075% annual fee for annuities (Transamerica and Protective
       Life Insurance Companies).

TWCL calculates it portfolio management fees based on the value of each client’s account
on the last business day of each month, and then invoices the custodian one month prior
to the beginning of each monthly billing period. The client may agree to have fees for all
accounts deducted from a single account.

For example, on or around January 1st, TWCL will collect fees for the billing period
beginning February 1st and will calculate those fees based on the value of the client’s
account as of the last business day of December.

These fees are generally negotiable and the final fee schedule is attached as Exhibit II of
the Investment Advisory Contract. Clients may terminate the agreement without penalty
for a full refund of TWCL's fees within five business days of signing the Investment
Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract
generally with 30 days' written notice.

Pension Consulting Services Fees

The hourly fee for these services is $250. These fees are generally negotiable and the final
fee schedule is attached as Exhibit II of the pension consulting agreement. Clients may
terminate the agreement without penalty for a full refund of TWCL's fees within five
business days of signing the pension consulting agreement. Thereafter, clients may
terminate the pension consulting agreement generally with 30 days' written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis. Fees are paid in advance.

Payment of 529 Plan Fees

Advisory fees are withdrawn directly from the client's accounts with client's written
authorization on a monthly basis. Fees are paid in advance.

Payment of Annuity Account Fees

Advisory fees are withdrawn directly from the client's accounts with client's written
authorization on a monthly basis. Fees are paid in advance.

Payment of Pension Consulting Fees

Hourly pension consulting fees are paid 100% in advance, but never more than six months
in advance.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by TWCL. Please see Item 12 of this brochure
regarding broker-dealer/custodian.

D. Prepayment of Fees

TWCL collects fees in advance. Refunds for fees paid in advance will be returned within
fourteen days to the client via check, or return deposit back into the client’s account.

For all asset-based fees paid in advance, the fee refunded will be equal to the balance of
the fees collected in advance minus the daily rate* times the number of days elapsed in
the billing period up to and including the day of termination. (*The daily rate is calculated
by dividing the annual asset-based fee rate by 365.)

Fixed fees that are collected in advance will be refunded based on the prorated amount of
work completed at the point of termination.

For hourly fees that are collected in advance, the fee refunded will be the balance of the
fees collected in advance minus the hourly rate times the number of hours of work that
has been completed up to and including the day of termination.

E. Outside Compensation For the Sale of Securities to Clients

Neither TWCL nor its supervised persons accept any compensation for the sale of
securities or other investment products, including asset-based sales charges or service fees
from the sale of mutual funds.

Item 7: Types of Clients

TWCL generally provides advisory services to the following types of clients:

              ❖       Individuals
              ❖       High-Net-Worth Individuals

There is an account minimum of $500,000, which may be waived by TWCL in its discretion.