Truman Wealth Advisors LLC

ITEM 5 - FEES AND COMPENSATION
In addition to the information provided in Item 4 – Advisory Business, this section details our Firm’s services and
each service’s fees and compensation arrangements. The Client and Truman Wealth’s Investment Advisory
Agreement will outline and agree upon the exact costs and other terms related to the Client’s Accounts.

INVESTMENT MANAGEMENT FEE

Our Firm offers investment management services for an annual fee based on the amount of assets under
management. Our maximum annual advisory fee is 2.00%, and we do not require a minimum account balance.
We believe our annual fee is reasonable in relation to (1) the services provided and (2) the fees charged by other
investment advisers offering similar services/programs.
Our annual fee is prorated and charged quarterly in advance or month in arrears, based on the value of the
Client’s assets under management as of the close of business on the last business day of the quarter. Cash and
cash equivalents, including money market funds, are subject to the agreed-upon advisory fee. Clients should
understand that the advisory fees charged on these balances may exceed the returns provided by cash, cash
equivalents, or money market funds, especially in low-interest rate environments.
Our Firm retains complete discretion to negotiate fees and may waive or impose different fees on any Client.
The investment advisory fees will be deducted from your account and paid directly to our Firm by the qualified
Custodian(s) of your account. The Client will authorize your account's qualified Custodian(s) to deduct fees from
the account and pay such fees directly to our Firm. All account assets, transactions, and advisory fees will be
shown on the monthly or quarterly statements provided by the Custodian. You should review your account
statements received from the qualified Custodian(s) and verify that appropriate investment advisory fees are
being deducted. The qualified Custodian(s) will not verify the accuracy of the investment advisory fees deducted
from the account. The fees are subject to change with prior written notice to the Client.
For fee calculation purposes, unless instructed otherwise, we will automatically aggregate related client
accounts, a practice commonly known as "householding" portfolios. Householding may result in lower fees than
if each account were billed separately, as the combined value is used to determine the account size and the
corresponding annualized fee. Our approach to householding considers the overall family dynamic and
relationship. Additionally, if applicable, and as noted in Appendix B of the Investment Management Agreement,
legacy positions may be excluded from the fee calculation.
Our annual investment advisory fee may be higher than that of other investment advisers that offer similar
services and programs. In addition to our compensation, you may incur charges imposed at the mutual fund
level (e.g., advisory fees and other fund expenses).
Accounts initiated or terminated during a calendar quarter will be charged a prorated fee based on the days the
Client account was open during that quarter. Any prepaid, unearned fees will be refunded upon termination of
any account.

LEGACY MANAGEMENT FEE

Managed legacy positions are included within our Firm’s standard investment management fees which are
outlined in the executed investment management agreement.

FINANCIAL PLANNING FEE

Our Firm provides financial planning services in conjunction with our advisory services.

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CONSULTING SERVICES & ASSETS UNDER ADVISEMENT FEE

Our Firm provides consulting services based on a fixed fee arrangement. The initial consultation starts at $1,500
and ongoing consulting services start at $7,500 annually and vary based on the scope and complexity of services.
This arrangement charges a mutually agreed-upon fee for consulting services. Fees charged for consulting
services are negotiable based on the type of Client, the services requested, the Advisor providing advice, the
complexity of the Client's situation, the composition of the Client's account, other advisory services provided,
and the relationship of the Client and the investment adviser representative.

INDEPENDENT THIRD-PARTY MANAGER SERVICE FEES

A complete description of the ITPM’s services, fee schedules, and account minimums will be disclosed in
Manager's disclosure brochure, which will be provided to you before or when an agreement for services is
executed, and the account is established. Each ITPM is required under federal securities laws to provide their
clients, including ITPM Clients, with a Form ADV Part 2A (“Adviser Brochure” or “this Brochure”) that includes
disclosures, and among other things, the fees charged to their clients.
The actual fee charged to the Client will vary depending on the ITPM. All fees are calculated and collected by
the Manager, who will be responsible for delivering our Firm’s portion of the fee paid by the Client. With ITPMs,
you may incur additional charges, including mutual fund sales loads, 12b-1 fees and surrender charges, and IRA
and qualified retirement plan fees.
There is a potential conflict of interest in using independent Managers if they pay us a portion of their advisory
fee and have met the conditions of our Firm’s due diligence review. Our Firm is committed to always working in
the Client's best interest. There may be other Managers not affiliated with our Firm that may be suitable for a
Client or may be more or less costly. As with any Advisor, no guarantees can be made that the ITPM will achieve
your financial goals or objectives. Further, no guarantees of performance can be offered.
Clients should review the ITPM’s Brochure in its entirety, along with this Brochure, to fully understand the
services, fees, agreements, and risks surrounding these arrangements and fully understand that these types of
...

ITEM 7 - TYPES OF CLIENTS
Truman Wealth provides investment management, financial planning, consulting and advisement, and third-
party portfolio management to individuals, high-net-worth individuals and families, partnerships, retirement
plans, corporations, and charitable foundations. We provide investment management and advisory services to
multi-generational families using accounts under a custodial relationship with an independent brokerage firm.
Clients must execute a written agreement with our Firm specifying the advisory services to establish a Client
relationship with us.

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