W Advisors LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Comprehensive Portfolio Management:

    Comprehensive portfolio management fees are charged based on a percentage of client assets under
    management. Our firm’s maximum annual management fee is 1.25%. Management fees are
    negotiable and will be detailed in our Comprehensive Portfolio Management Agreement. Fees are
    billed on a pro-rata annualized basis quarterly in advance based on the value of your account on the
    last day of the previous quarter. Unless otherwise noted in writing, our firm bills on cash.

         Fees will generally be automatically deducted from your managed account. Adjustments will be
         made for deposits and withdrawals during the quarter. In rare cases, we will agree to direct bill
         clients. As part of this process, you understand and acknowledge the following:

         a) The client’s independent custodian sends statements at least quarterly showing the market
            values for each security included in the Assets and all account disbursements, including the
            amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
            firm will send an invoice directly to the custodian; and
         c) If our firm sends a copy of our invoice to the client, legend urging the comparison of
            information provided in our statement with those from the qualified custodian will be
            included.

    Financial Planning & Consulting:

    We charge on an hourly or flat fee basis for financial planning and consulting services. The total
    estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity of
    our engagement with you. Our hourly fee is $350. Flat fees generally range from $1,500 to $10,000.
    Our fees are negotiable.

    We require a retainer of fifty-percent (50%) of the ultimate financial planning or consulting fee with
    the remainder of the fee directly billed to you and due to us within thirty (30) days of your financial
    plan being delivered or consultation rendered to you. In all cases, we will not require a retainer
    exceeding $1,200 when services cannot be rendered within 6 (six) months.

    Separately Managed Accounts:

    We shall charge an annual fee of 1.00% of client’s assets under management, while Schwab charges
    a separate and additional annual fee of 0.50% for client’s assets under management. Our asset
    management fee is charged pro-rata quarterly in advance based on the value of your account on the
    last day of the previous quarter.

ADV Part 2A – Firm Brochure                        Page 7                                          W Advisors LLC

    To calculate your SMA program fee, Schwab multiplies the actual daily balance of your account by
    the daily pro rata portion of the annual rate and then adds together the fees for each day of the month.
    The program fee is billed to your account monthly, which may result in your paying a higher fee on
    an annual basis than the annual rate due to the effects of compounding.

    Other Types of Fees & Expenses

    Clients will incur transaction charges for trades executed in their accounts. These transaction fees
    are separate from our fees and will be disclosed by the firm that the trades are executed through.
    Schwab does not charge transaction fees for U.S. listed equities and exchange traded funds. Also,
    clients may also pay holdings charges imposed by the chosen custodian for certain investments,
    charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
    disclosed in the fund’s prospectus (e.g., fund management fees, distribution fees, surrender charges,
    variable annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads
    paid to market makers, fees for trades executed away from custodian, wire transfer fees and other
    fees and taxes on brokerage accounts and securities transactions). Our firm does not receive a
    portion of these fees.

    Termination & Refunds

    We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
    services, we will refund the unearned portion of our advisory fee to you. You need to contact us in
    writing and state that you wish to terminate our services. Upon receipt of your letter of termination,
    we will proceed to close out your account and process a pro-rata refund of unearned advisory fees.

    Commissionable Securities Sales

    In order to sell securities for a commission, our supervised persons are registered representatives of
    Purshe Kaplan Sterling Investments, Inc. (“PKS”), a registered broker-dealer and Member
    FINRA/SIPC. Our supervised persons may accept compensation for the sale of securities or other
    investment products, including distribution or service (“trail”) fees from the sale of mutual funds.
    You should be aware that the practice of accepting commissions for the sale of securities:
        1)    Presents a conflict of interest and gives our firm and/or our supervised persons an
              incentive to recommend investment products based on the compensation received, rather
              than on your needs. We generally address commissionable sales conflicts that arise:
              a) when explaining to clients that commissionable securities sales creates an incentive to
                  recommend products based on the compensation we and/or our supervised persons
                  may earn and may not necessarily be in the best interests of the client;
              b) when recommending commissionable mutual funds, explaining that “no-load” funds
                  are also available.
        2) In no way prohibits you from purchasing investment products recommended by us through
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Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
        Individuals and High Net Worth Individuals;
        Trusts and Estates Limited Liability Companies and/or Other Business Types.

            We do not have requirements for opening and maintaining accounts or otherwise engaging us.
            Access to certain account types within the Schwab Managed Account Programs offered at the
            following account levels: $100,000 for Stock/Equity Managers. Some money managers may have
            a higher account minimum.