Waterford Advisors LLC

Item 5.        Fees and Compensation

Portfolio Management Services

Generally, for assets custodied at Schwab, Waterford charges an annual fee based on a
percentage of assets under our management, in accordance with the following schedule:

Assets under Management ($)                                 Annual Fee (%)
Up to $499,999                                                     1.20%
$500,000 to $999,999                                               0.90%
$1,000,000 to $1,499,999                                           0.70%
$1,500,000 to $4,999,999                                           0.50%
$5,000,000 +                                                       0.35%

Our annual investment management fee shall be prorated and paid quarterly, in advance, based
upon the market value of the assets on the last day of the previous quarter.

Depending on the particular arrangement with each client, we will either directly debit their
custodial accounts or invoice client directly for portfolio management fees.

Model Portfolio Management Services

The annual fee for Waterford’s portfolio management services offered through Orion Portfolio
Solutions (OPS) will be charged as a percentage of assets under management. The OPS platform
administration fee is generally assessed according to one of the schedules set forth below:

Individual Accounts:
Asset Based Fee (Breakpoint Schedule)
 From ($)                     To ($)                       Fee Schedule (%)

 $0.00                      $50,000.00                     0.45%
 $50,000.01                 $100,000.00                   0.30%
 $100,000.01                $500,000.00                   0.20%
 $500,000.01                $1,000,000.00                 0.15%
 $1,000,000.01              $5,000,000.00                 0.10%
Annual Account Maintenance Fee per Account w/ Electronic Delivery $25.00
Annual Account Maintenance Fee per Account w/ Mailed Statements $50.00

Updated Fee Schedule Effective September 1, 2022
Asset Based Fee (Breakpoint Schedule)
 From ($)                     To ($)                       Fee Schedule (%)

 $0.00                      $100,000.00                      0.35%
 $100,000.01                $250,000.00                      0.30%
 $250,000.01                $1,000,000                       0.20%
 $1,000,000.01              All above                        0.10%
Households below $100k receive an additional $75 fixed fee for each account

Corporate Retirement Plans:
All 401(a), 401(K), 403(b) – ERISA, and 457 plans are billed at a fixed .30% platform administration
fee charged by OPS.

These fees are in addition to the percentage of assets fee charged by Waterford which ranges
from 0.35 to 0.65% and the applicable Strategist Fee. In addition, clients will bear directly the
fees and expenses charged by mutual funds. A description of these fees and expenses are
available in each fund’s prospectus.

There is no minimum account size required for this service. Fees will be payable monthly in
arrears. If the client’s account was not open for the entire month used to compute the fee, the
fee will be based upon the number of days that the account was open during such month. The

annual account maintenance fee is based on the daily average account balance for the period for
which fees are collected, and they are automatically deducted from the client’s account as a
condition of participation in the OPS platform.

Financial Planning Services

Generally, for Financial Planning Services there is no additional charge to existing asset
management clients. To the extent the client desires only financial planning or consulting
services, the specific nature of the services shall be set forth in a separate written Financial
Planning Agreement between the Advisor and the Client, for which services Advisor shall be paid
a separate and additional fee.

Consulting Services to 401(k), Pension and Profit Sharing Plans

The fee charged for services shall be a percentage of the plan’s assets under management or a
fixed dollar amount and will be contained in a signed Consultation Agreement with each plan
trustee.

Account Termination

Upon termination of our services, any prepaid, unearned fees will be promptly refunded, and any
earned, unpaid fees will be due and payable.

Mutual Fund and ETF Fees and Expenses

All fees paid to our firm for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds and ETFs to their shareholders. These fees and
expenses are described in each fund's prospectus. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. A client could invest in
a mutual fund and or ETF directly, without the services of our firm. In that case, the client
would not receive the services provided by us which are designed, among other things, to assist
the client in determining which mutual fund or funds or ETFs are most appropriate to each
client's financial condition and objectives. Accordingly, the client should review both the fees
charged by the funds and ETFs and the fees charged by us to fully understand the total amount
of fees to be paid by the client and to thereby evaluate the advisory services being provided.

Brokerage and Custodial Fees

In addition to advisory fees paid to our firm, clients will also be responsible for all transaction,
brokerage, and custodial fees incurred as part of their account management. Please see Item

Item 7.        Types of Clients

Our firm generally provides advisory services to individuals, pension and profit sharing plans,
trusts and estates. We do not impose any minimum account size or minimum fee arrangement
to engage our firm for services.