Uwharrie Investment Advisors Inc

ITEM 5 – FEES & COMPENSATION
A. Portfolio Management Fees:
    1. UIA Managed Accounts:

         The annualized fee for Investment Supervisory Services will be charged as a percentage of assets under
         management, and in accordance with the following schedule:
                                              UIA Managed Account– Active/Passive

                              Account(s) Value:                                      Annual Percentage:

                             $100,000 - $500,000                                            1.50%

                            $500,001 - $1,000,000                                           1.25%

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

                           $2,000,001 - $9,000,000                                          0.75%

                               Over $9,000,000                                              0.50%

                                      These schedules are used as a guideline only.

         Fees are debited monthly, in arrears, based upon the market value of the client's account at the end of the
         previous billing period. Fees will be debited from the account in accordance with the client authorization set
         forth in the Client Services Agreement, Schedule C. The fee is calculated by the Firm using a portfolio
         management and reporting software system. The value will be determined as reported by the custodian. Fees
         are assessed on all assets under management, including securities, cash, and money market balances.
         In addition to the advisory fees noted above, Pershing, LLC (“Pershing”), the Firm’s custodian, will charge all UIA
         Managed Account clients a separate transaction fee for equity trades and transactions involving mutual funds
         not listed in the Pershing FundVest Program. Pershing charges a $10.00 transaction fee for each equity trade,
         and $25.00 for each non-FundVest mutual fund transaction. To reduce transaction costs, the Firm purchases
         FundVest funds, unless the Investment Committee determines that the purchase of a particular fund not listed
         in the program would benefit the Firm’s UIA Managed Account clients. These fees do not include any fees or
         expenses charged by the mutual funds and/or ETFs, which are separate and distinct. For more information
         regarding mutual fund and/or ETF fees and expenses, please refer to the "General Information" section (Item 5)
         of this Form ADV for additional information or refer to the fund’s prospectus.
         Investors in the UIA Managed Account – Active/Passive Program and the UIA Managed Account – Passive
         Program are generally required to make a minimum contribution of $100,000. Clients already invested in a UIA
         Managed Account will remain subject to the fee arrangement maintained with the Firm before implementing
         any new fee structure.

Uwharrie Investment Advisors, Inc.                                                                        Page 8 of 26
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         Although the Firm has established the aforementioned fee schedule, the Firm retains the discretion to negotiate
         alternative fee arrangements on a client-by-client basis. Client facts, circumstances, and needs will be
         considered in determining the fee schedule; these include the complexity of the client’s situation, assets to be
         managed, anticipated future additional assets, related accounts, and fees agreed to in prior agreements, among
         other factors. The specific annual fee schedule will be identified in the Client Services Agreement between the
         Firm and each client.
         In its discretion, the Firm will group certain related client accounts for the purposes of achieving the minimum
         account size requirements and determining the annualized fee. The Firm may have some clients who have
         accounts held at more than one custodian. With the client's written approval, as reflected in the Client Services
         Agreement, Schedule C, the Firm may debit the management fee due for all accounts that comprise the portfolio
         from a single account held at one of the custodians.
    2. Retirement Plan Consulting Fees:

         The Firm’s fees for Pension Consulting Services are based on a percentage of assets under advisement, according
         to the following schedule:

                               Account(s) Value:                                      Annual Percentage:

                                     Any                                                  0.30% to 1.75%

                                             This schedule is used as a guideline only.

         All fees are subject to negotiation at the Firm’s sole discretion. Specific fee amounts will be indicated in the
         Client Services Agreement between the Firm and the plan or plan sponsor. For retirement plans, the Firm’s fee
         is disclosed by the Custodian and is charged as part of the total plan fee or in accordance with the Sponsor’s
         authorization. Plan sponsors are invoiced in arrears at the end of each calendar quarter by the record keeper.
    3. Financial Planning Fees:

         The Firm’s fee for limited financial planning services may be complimentary based on the client’s relationship
         and negotiable for those who request it as a standalone service. All fees are agreed upon prior to entering into
         a contract with any client and are subsequently outlined in the Financial Planning Agreement, Schedule A. The
         Firm invoices client’s fifty percent (50%) of the agreed upon engagement fee at the time the financial planning
         relationship is established, and the remaining fifty percent (50%) following the engagement’s completion.
...

ITEM 7 – TYPES OF CLIENTS
The Firm provides advisory services to the following types of clients:
•     Individuals (other than high-net-worth individuals)
•     High net worth individuals
•     Retirement and profit-sharing plans (other than plan participants)
•     Charitable organizations
•     Foundations
•     Corporations or other businesses not listed above
•     Trusts
•     Other
As previously disclosed in Item 5, the Firm has established certain initial minimum account requirements, based on the

Uwharrie Investment Advisors, Inc.                                                                       Page 11 of 26
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nature of the service(s) being provided. For a more detailed understanding of those requirements, please review the
disclosures provided for each applicable service.