Websterrogers Financial Advisors LLC

Item 5 – Fees and Compensation

Investment Management Services
The annual fee for investment management services will be charged as a percentage of
assets under management, according to the schedule following:

  Average Daily Balance of All Applicable Accounts           Rates per        Rates
                                                             Quarter*         Annualized
  First $500,000                                             .337%            1.35%
  On the next $500,000 ($500,001 to $1,000,000)              .3125%           1.25%
  On the next $2,000,000 ($1,000,001 to $3,000,000)          .2500%           1.00%
  On the next $2,000,000 ($3,000,001 to $5,000,000)          .1875%           0.75%
  Over $5,000,000                                            .1250%           0.50%

Rates per Quarter aggregate to determine the rates annualized. All accounts for members of
the client’s immediate family (spouse and dependent children) or related businesses (non-
fiduciary status accounts) may be assessed fees based on the total balance of all accounts.

For client accounts held at a custodian that is not directly accessible by WRFA, such as held-
away assets, WRFA can manage those assets via a third-party platform which allows WRFA
to view and manage these assets in a discretionary manner. Held-away assets will be
included in the client’s total assets subject to the fee in their agreement with WRFA.
However, as it might not be possible to directly debit the fees from held-away accounts,
those fees will be deducted from the client’s non-qualified accounts, pursuant to the client’s
authorization, or the client will be billed directly. Assets held away are billed by one of two
methods based on accessibility of daily pricing. If daily pricing of the asset is available, it is
billed via average daily balance. Assets with daily pricing that are not accessible are billed
on the value of the account at the end of the calendar quarter. Based on client need and as
contracted, these accounts will be billed in advance or in arrears.

A minimum of $250,000 in assets under management is required for investment
management services. A minimum of $250,000 is generally required for management
services of portfolios of individual fixed income securities.

Clients will be invoiced in advance at the beginning of each calendar quarter based upon the
average daily market value of the client’s account during the previous quarter. The market
value is based on independent third-party sources, or fair market value in the absence of
market value. Client account balances on which WRFA calculates fees at times will vary
from account custodial statements based on independent asset valuations and other
accounting variances, including mechanisms for including accrued interest in account
statements.

Investment Consulting/ Financial Planning Services
Clients will be billed an hourly rate for this service, ranging from $200 per hour to $500 per
hour, based on the nature and complexity of the client's situation. Fees are payable within
30 days of presentation of the bill to the client.

Retirement Plan Services
The annual fee for plan services will be charged as a percentage of assets within the plan as
follows:

          Plan Assets                                      WRFA’s Annual Fee
          Up to $1,000,000                                 1.00%
          $1,000,000 to $3,000,000                         .75%
          $3,000,000 to $5,000,000                         .50%
          Over $5,000,000                                  TBD

Plans will be invoiced in advance at the beginning of each calendar quarter based upon the
value (market value or fair market value in the absence of market value) of the client's
account at the end of the previous quarter. New accounts are charged a prorated fee for the
remainder of the quarter in which the account is incepted from the date WRFA begins
management of the account through the last business day of the calendar quarter where
the account was opened.

A minimum of $250,000 of plan assets is required for participant-directed retirement plan
services. A minimum fee of $2,500, which is the application of our fee schedule to $250,000
in plan assets, is required.

General
In certain circumstances, all fees, account minimums, and their applications to family
relationships are negotiable.

In prior years, WRFA followed separate fee schedules, which remain in effect with clients
who signed agreements with WRFA during such period and who have not agreed to an
amended advisory fee schedule.

WRFA requests authority from clients to receive quarterly payments directly from the
client's account held by an independent custodian. In such cases, clients provide written
limited authorization to WRFA to withdraw fees from the account via an Investment
Management Agreement. Fees for certain 401(k) and pension plan clients using a third-
party administrator (TPA) are calculated by the TPA rather than WRFA, and the TPA remits
the fee to WRFA.

A client agreement may be canceled at any time, by either party, for any reason upon
receipt of 30 days’ written notice. Upon termination of any account, any prepaid, unearned
fees will be promptly refunded, and any earned, unpaid fees will be due and payable. In the
case where a stand-alone Investment Consulting/Financial Planning client becomes a client
under Investment Management Services, previously paid Investment Consulting fees will be

refunded to clients within 30 days of the client engaging in an Investment Management
Agreement.

All fees paid to WRFA 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
...

Item 7 – Types of Clients
WRFA manages investment portfolios for individuals, qualified retirement plans, trusts,
charitable organizations and small businesses.

WRFA requires a minimum account of $250,000 for investment management services and
participant-directed retirement plan services. These account sizes are negotiable under
certain circumstances.