Triangle Securities Wealth Management Inc

Item 5 – Fees and Compensation
The specific manner in which fees are charged by TWM is established in a client’s written
agreement. TWM bills its advisory fees on a quarterly basis in advance, as set out in the client’s
specific Investment Advisory Agreement. Fees will be debited directly from the client’s account.
Fees are based on the assets under management utilizing the fee schedule below and in some
instances, may be negotiated.

Maximum Fee Schedule
Total Account Value           Annualized Program Fee
First $2,500,000              1.00%
Next 2,500,000                0.75%
Over $5,000,000               0.50%

For purposes of calculating Triangle’s advisory fees, the market value of assets in the Account(s)
shall consist of the market value of securities, cash and cash equivalents, and other investments
held in the Account(s), including bond interest accruals, and will not be reduced by any margin
or other indebtedness of the client with respect to such securities or other investments in the
Account(s). In calculating its advisory fees, Triangle may, in its discretion, aggregate the market
value of assets in the Account(s) with the market value of assets in other accounts maintained by
the client and/or the client’s immediate family members who reside in the same residence as the
client.

In the event the client makes a deposit to or withdrawal from an Account during a quarter in an
amount equal to or greater than $25,000 (an "Account Flow"), Triangle shall calculate an
adjustment to the client's quarterly advisory fee based on the size of the Account Flow and the
remaining days in the quarter (such adjustment referred to as a "Fee Adjustment"). Each Fee
Adjustment shall be assessed and either charged or refunded in the next calendar quarter.
Multiple Account Flows of less than $25,000 shall not be aggregated for purposes of
determining if a Fee Adjustment is necessary.

The minimum account size is generally $100,000. Triangle may waive the minimum account
size by accepting the client's Account(s). Triangle may agree to a different fee schedule, whether
as an addendum or amendment to the Advisory Agreement or in a separate writing.

The client authorizes Triangle to assess and the Custodian to charge or refund from the
Account(s) quarterly payments of the advisory fee and any Fee Adjustment. Triangle shall send
to the client a quarterly statement showing the amount of the advisory fee due, any Fee
Adjustment due to or from the client, the value of the total assets in the Account(s) on which the
advisory fee is based, and the specific manner in which the advisory fee and any Fee
Adjustments are calculated. The client shall be responsible for verifying the accuracy of fee
calculations.

All transaction fees will be borne by the client and paid directly to Schwab (“the custodian”).
The client will maintain or deposit sufficient funds in the account to cover payment of all fees
authorized by the contract, and the client authorizes the custodian to debit the account balances
or redeem money market fund shares in the amount equal to the fee that is due. The custodian
will remit the fee to TWM. If there are not sufficient funds to cover the fees, then the Firm may
liquidate assets to cover fees.

Transaction fees charged to client accounts may be higher than those otherwise available if the
services were provided separately for a discrete fee or if an Investment Advisor were to select
brokerage and negotiate commissions in the absence of the extra consulting service provided. All
fees described herein may be subject to negotiation depending on a range of factors including,
but not limited to, account size and overall range of services requested. Clients should consider
the value of the additional consulting services when making such comparisons. The combination
of custodial, consulting, and brokerage services may not be available separately or may require
multiple accounts, documentation, and fees.

TWM’s fees are exclusive of brokerage commissions, transaction fees, prime broker fees, and
other related costs and expenses that shall be incurred by the client. Clients may incur certain
charges imposed by custodians, brokers, third-party investment, and other third parties such as
fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer
taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
securities transactions. Mutual funds and exchange-traded funds also charge internal
management fees, which are disclosed in a fund’s prospectus. Such charges, fees, and
commissions are exclusive of and in addition to TWM’s fee, and TWM shall not receive any
portion of these commissions, fees, and costs.

Some mutual funds within this program pay 12(b)-1 service fees (normally 0.25% per year) to
the Custodian. The mutual funds that the Firm could purchase or recommend offer a variety of
share classes, including some that do not charge 12(b)-1 fees and are, therefore, less expensive.
These fee arrangements will be disclosed upon request of a client and are available in the
applicable fund‘s prospectus. There are instances in which TWM would recommend a mutual
fund that carries a 12(b)-1 fee, even when a lower-cost share class is available for the same fund.
For example, a lower-cost class share may not be available to TWM due to investment
minimums. In other cases, mutual funds charging 12(b)-1 fees are transferred into TWM in
which case the Firm may recommend the client hold the existing share class, instead of selling
the fund and buying a lower-cost share, which could result in a tax liability. In addition, some
mutual funds charge 12(b)-1 fees, but no transaction fees, while other share classes in the same
fund family do not charge 12(b)-1 fees but do charge transaction fees. Mutual funds charging
12(b)-1 fees will be recommended when the overall cost is seen as a benefit to the client if the
...

Item 7 – Types of Clients
TWM provides portfolio management services to individuals, high net worth individuals,
corporate pension and profit-sharing plans, charitable institutions, foundations, endowments,
trusts, and corporations. The minimum account size is $100,000 but can be negotiated in
certain instances.