Verity Wealth Advisors LLC

Item 5 - Fees and Compensation

For VERITY’s full wealth management services, fees at each level of portfolio size are shown below:

Assets managed
$1,666,667 and below                       $10,000
$1,666,667 to $5,000,000                   $10,000 plus 0.60% of assets managed over $1,666,667
$5,000,000 to $20,000,000                  $30,000 plus 0.20% of assets managed over $5,000,000
Above $20,000,000                          $60,000 plus 0.15% of assets managed over $20,000,000

 VERITY Wealth Advisors, LLC                 260116 COMPLIANCE – VERITY ADV Part 2A                         VERITY ADV Part 2A
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VERITY’s fee schedule is designed to reflect both portfolio size and the breadth of advisory and financial planning services
provided. As portfolio size increases, the effective advisory fee rate generally declines. In certain circumstances, flat-dollar
minimum fees apply to ensure appropriate coverage of planning, monitoring, and advisory responsibilities.

While the above table represents a standard schedule of fees, other fee schedules can be negotiated and each service contract
contains a specific billing regimen within the engagement agreement that may or may not adhere to this standard, so deviations
from this schedule can and do occur. These fees are paid on a quarterly basis (i.e. one-fourth each quarter) and are calculated
using portfolio values as of the last day of the final month of each calendar quarter (March, June, September and December).
These fees are then deducted directly from portfolio assets, though VERITY will consider other payment options.

Investment management only services are generally available only to those clients with managed assets above $5 million and
fees are negotiated on a case-by-case basis and currently range between 0.15% and 0.50%. Billing for these fees is handled
in the same fashion as for the wealth management mandates above.

Consultation clients are billed on an hourly basis at the then prevailing rate or a rate initially agreed to in an engagement
agreement (or in subsequent written notification), whichever is less. The current billing rate is $420 per hour and may be
adjusted from time to time with advance written notice to clients. These fees are billed by invoice on a monthly (or bi-monthly
or quarterly, depending upon the size of the invoice) basis.

A limited number of clients have engaged VERITY on a flat dollar fee basis. In this type of agreement, a fixed dollar fee is
charged for investment management services, regardless of the amount of assets managed.

For the above-mentioned privates tracking engagements, VERITY charges a flat dollar fee based upon the scope of the work
required to track the non-managed investments as well as expenses that VERITY may incur.

The fees mentioned above represent the only fees that VERITY collects in relation to VERITY’s management of client assets
and the provision of advice. The securities and/or funds that VERITY purchases for clients charge separate fees (i.e. underlying
management fees) and the custodian of the client’s assets (i.e. Schwab) charges commissions on certain security transactions
and fees for providing certain services (e.g. wire fees). VERITY does NOT in any way share in these underlying fees. For more
information about the custodial relationships that VERITY has established and its choice of brokerage services, see the
Brokerage Practices and Custody sections below. Clients have the option to purchase investment products that we recommend
through other brokers or agents not recommended by VERITY, if they so choose. However, such assets will not be considered
as regulatory assets under management for reporting purposes.

Item 7 - Types of Clients

VERITY provides its services primarily to high-net-worth (“HNW”) and non-HNW individuals, but also does limited work with other
entities such as retirement plans, and trustees of irrevocable trusts. VERITY also supervises assets managed or sub-advised by
other investment advisers.