Vesta Wealth Management LLC

Item 5. Fees and Compensation
VWM offers its services on a fee basis, which may include hourly and/or fixed fees, as well as fees based upon
assets under management or advisement. Additionally, certain of VWM’s Supervised Persons, in their individual
capacities, may offer insurance products under a separate commission arrangement. Lower fees for comparable

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services may be available from other sources.

Financial Planning and Consulting Fees

VWM typically charges either a negotiable hourly and/or fixed fee to provide clients with stand-alone financial
planning or consulting services. These fees are largely determined by the scope and complexity of the agreed upon
services and range from $200 to $1,500 on an hourly basis and $10,000 to $50,000 on a fixed fee basis.

The specific terms and fee structure are negotiated in advance and set forth in the Agreement with VWM. Typically,
VWM requires one-half of the financial planning or consulting fee payable upon execution of the Agreement and the
balance due at the time the financial plan is delivered or the underlying services are rendered to completion. The
Firm does not accept prepayment of fees of more than $500 six months or more in advance. In the event the
Agreement is terminated, the fee is prorated through the effective date of the termination and the outstanding balance
is charged or refunded to the client, as appropriate. The Agreement may be terminated at any time upon receipt of
written notice to terminate given by either party to the other.

Methods of Payment for Financial Planning and Consulting Fees

Clients pay the fees for stand-alone financial planning and consulting services via check or wire transfer. In the
event of a wire transfer, the Firm does not have the ability to execute such wire transfers as the clients must
initiate them.

As described below, VWM may provide financial planning and consulting services in conjunction with
investment management services as part of a comprehensive wealth management engagement. Under a
comprehensive wealth management agreement, the fees for financial planning and consulting services are included
in the asset-based investment management fees (fee schedules below).

Investment Management and Wealth Management Fees

VWM provides investment management services for an annual fee based on the amount of assets under the Firm’s
management, which may include a broad range of financial planning and consulting services in conjunction with
investment management services as part of a comprehensive wealth management engagement. The fee varies
between 20 and 200 basis points (0.20% – 2.00%), depending upon the size of a client’s portfolio and the type of
services rendered.

The annual fee is prorated and charged quarterly in advance, based upon the market value of the assets being
managed by VWM on the last day of the previous quarter. Wealth management fees are deducted and paid to VWM
directly by the client’s custodian upon invoicing by VWM. VWM provides clients with duplicate fee invoices
describing the amounts debited for payment of the firm’s management fees, in accordance with applicable state laws,
rules and regulations.

If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee payable with
respect to such assets is prorated to reflect the change in portfolio value. For the initial term of an engagement, the
fee is calculated on a pro rata basis. In the event the Agreement is terminated, the fee for the final billing period is
prorated through the effective date of the termination and the outstanding balance is refunded to the client, as
appropriate. The Agreement may be terminated at any time upon receipt of written notice to terminate given by
either party to the other. The client’s notice should include instruction as to whether the assets should be liquidated
or transferred.

Fee Discretion

VWM, in its sole discretion, may negotiate to charge a different fee w i t h a c l i e n t based upon certain criteria,
such as anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be

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managed, related accounts, account composition, pre-existing client relationship, account retention and pro bono
activities.

Use of Margin

VWM may be authorized to use margin in the management of the client’s investment portfolio. In these cases, the
fee payable will be assessed gross of margin such that the market value of the client’s account and corresponding fee
payable by the client to VWM will be increased.

Additional Fees and Expenses

In addition to the advisory fees paid to VWM, clients may also incur certain charges imposed by other third parties,
such as broker-dealers, custodians, trust companies, banks, and other financial institutions (collectively “Financial
Institutions”). VWM’s fees are calculated exclusive of any fees or charges imposed by any Financial Institution,
and the Firm does not receive a portion of these additional charges. These additional charges may include securities
brokerage commissions, transaction fees, custodial fees, charges imposed directly by a mutual fund or

ETF in a client’s account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund
expenses), 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. Clients have the option to purchase
investment products the Firm recommends through other brokers or agents that are not affiliated with the Firm. The
Firm’s brokerage practices are described at length in Item 12, below.

Fee Debit from Investment Account
...

Item 7. Types of Clients
VWM currently provides its services to individuals and high net worth individuals. The Firm also seeks to
provide its services to trusts, estates, charitable organizations, corporations, and other business entities.

Minimum Portfolio Size:

As a condition for starting and maintaining an investment management relationship, VWM typically

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imposes a minimum portfolio size of $10,000,000.

The Firm, in its sole discretion, may accept clients with smaller portfolios based upon certain criteria, such as
anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed,
related accounts, account composition, pre-existing client relationships, account retention and pro bono activities.

VWM only accepts clients with less than the minimum portfolio size if, in the sole opinion of the Firm, the smaller
portfolio size will not result in a substantial increase of investment risk beyond the client’s identified risk tolerance.
VWM may aggregate the portfolios of family members to meet the minimum portfolio size.