Truenorth Wealth & Impact LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

Our fees vary among the different types of advisory services we offer and may be negotiated at our
sole discretion. The specific fees and manner in which fees are charged and calculated are described
in your investment advisory agreement. You should carefully review the investment advisory
agreement prior to signing it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Portfolio Management Services

Fees for investment and wealth management services are generally billed in advance each calendar
quarter based on the market value of the assets under management/advisement on the last day of the
previous calendar quarter. The maximum fee for our program is as follows:

                                          Maximum Annual
                                           Advisory Fee

                                                  1.5%

Fees may be based on cumulative household assets under management. However, certain ERISA
rules prevent householding corporate plans with personal assets for fee reductions. You should refer
to your advisory agreement for your specific fee rate(s).

For investment and portfolio management services TWI provides to certain clients or for specific
client holdings (e.g., held-away assets, 529 plans, etc.), we may negotiate a fee rate that differs from
our standard fee.

TWI receives as compensation for our investment advisory services the balance of the total fee you
pay after custodial, trading and other management costs (including execution and transaction fees)
have been deducted. Accordingly, we have a conflict of interest because we have a financial
incentive to maximize our compensation by seeking to reduce or minimize the total costs incurred in
your account(s) subject to a wrap fee.

Commissions and transaction fees vary by broker-dealer and may be waived for certain types of
securities. We encourage you to review the broker-dealer’s pricing to compare the total costs of

entering into a wrap fee program versus a non-wrap fee program. In a wrap fee program, the total
cost to invest could exceed the cost of paying for brokerage and advisory services separately.

Selection of Other Independent Managers

Fees for other Independent Managers used to manage all or a portion of a client’s account are set
forth by the Independent Manager and may be included in or in addition to TWI’s fees, depending
on the structure of the third-party manager program. You should refer to the Independent Manager’s
Form ADV Part 2A Brochure for information on their fees and compensation.

Programs Offered Through Wells Fargo Advisors

When utilizing the programs offered by Wells Fargo Advisors, investment management services
are provided by third-party money managers through the Personalized Unified Managed Account
Program and Fundsource Program. Wells Fargo Advisors requires clients to sign an investment
advisory agreement for access to the programs in addition to our investment management
agreement.

Fees for advisory programs offered through Wells Fargo Advisors are as follows:

 Program              Program Type          Maximum TWI                Independent Manager Fee
                                            Annual Advisory Fee
 Personalized         Unified Managed       1.35%
 Unified Managed      Account                                               Refer to Wells Fargo’s
 Account                                                                agreement for any Independent
 Fundsource           Mutual Fund           1.25%                         Manager fees applicable on
                      Advisory Program                                          your account.

For the Personalized Unified Management Account Program, TWI’s advisory fee includes a
platform fee that is paid to Wells Fargo for access to the program and does not include the
Independent Manager’s fees. Wells Fargo calculates and directly debits TWI’s advisory fees and the
third-party managers’ fees from clients’ accounts. The advisory fee and third-party managers’ fees are
listed on the account statement provided to you by the custodian.

The value of assets held in any Wells Fargo Advisor program are included in the amount of total
household assets used to determine TWI’s advisory fees for other assets of a client that are
managed by TWI. You should refer to your advisory agreement for your specific fee rate(s).

Financial Planning and Consulting Services

Fees for financial planning are billed at a fixed rate. Fees are billed either in advance or arrears based
upon the needs of the client. Hourly fees generally range up to $500 per hour. There is no minimum

fee required for financial planning or consulting services; however financial planning and consulting
fees shall generally not exceed $25,000 annually.

Fees for financial planning and consulting services are due and payable as incurred. While financial
planning and consulting services are available on a stand-alone basis, certain services may also be
rendered in conjunction with investment portfolio management services at no additional cost as part
of a comprehensive portfolio management engagement.

Factors we consider when determining our financial planning and consulting fees include, but are
not limited to:

   •   The amount of time we expect to spend completing the financial planning or consulting
       services and providing related advice

   •   The complexity of your goals, issues and/or needs

   •   The extensiveness and complexity of the data needed regarding your personal financial
...

Item 7 – Types of Clients
TWI provides portfolio management services to individuals, high net worth individuals, retirement
plans, trusts, estates, family entities, non-profit organizations, foundations, and
businesses/corporations.

TWI generally requires a minimum initial investment of $1,000,000 for investment management
services. The firm, in its sole discretion, will accept clients based upon each client’s particular
circumstances.

Certain Independent Managers may impose more restrictive account requirements than TWI. In
such instances, TWI may alter its corresponding account requirements to accommodate those of the
Independent Managers.