ITEM 5 FEES AND COMPENSATION
A. Management Fees: WWC is compensated for money management services through quarterly
management fees. Fees may be negotiated at WWC’s discretion. Fees are subject to applicable
New Mexico gross receipts tax.
Equity Quarterly Annual
First $250,000 .375% 1.50%
$750,000 .3125% 1.25%
$1,000,000 .25% 1.00%
Over $10,000,000 .1875% 0.75%
Fixed Income/Treasury Management Quarterly Annual
$500,000 .1875% 0.75%
Part 2A of Form ADV, Part 2 2026
$1,000,000 .150% 0.60%
Treasury Management .075% 0.30%
*All cash, money market funds and bank sweep balances will be billed at the rate of the lowest fee-
paying asset unless otherwise specified.
**Accounts opened in prior years may be subject to previous fee schedules that were in effect at the
initiation of that account. Previous fee schedules may differ from the schedule disclosed above.
B. Payment of Fees: Discounts to this schedule may be negotiated based on size, circumstances or
limited investment mix such as fixed income only accounts. Fees are paid quarterly in arrears
based upon the ending market value of the account on the last day of the quarter. Clients may
choose to have fees automatically deducted from their account or to be billed separately.
Management fees are based on total account value, inclusive of both realized and unrealized
gains and losses. A full description of fees and services is provided in the FOCUS Account
Management Agreement which is required to open an account. The fee arrangement may
create an incentive for the adviser to make riskier or more speculative investments than would
be made under a different fee arrangement. In order to mitigate this incentive, clients complete
a risk assessment upon initiation of the account.
C. Other Fees and Expenses: All programs may be subject to fees charged by fund administrators,
custodians or brokerage firms. These charges are separate from management fees paid to
WWC. WWC frequently uses investment products (options, mutual funds and exchange traded
funds “ETFs”), custodians or brokerage firms to implement investment advisory programs. Most
of these products and entities assess charges to recover their management fees, administrative
fees, and sales charges. If the strategy is executed using mutual funds or ETFs, these charges are
generally deducted from the performance of the product. Clients need to be aware that they
will pay their proportionate share of these assessments as well as WWC’s advisory fee. Please
review the prospectus carefully to determine the expenses for each specific investment product.
WWC does not receive any compensation from mutual funds, ETFs, custodians or brokerage
firms and WWC does not receive any compensation from transaction fees.
D. Refunds and Contract Terminations: Fees are payable when services are performed or following
the applicable billing period. Fees are based on assets under management at the end of the
period adjusted for cash flows. Any client that enters into an agreement for services with WWC
has five days after the date of the agreement to terminate the agreement without payment of
fees. The client is still liable for any investment losses that exist at the time the client chooses to
terminate the agreement. After this five-day period has expired, the client or WWC may
terminate any agreements by notifying the other party in writing. Fees based on percentage of
assets will be pro-rated to the date of termination. Since fees are billed in arrears, clients are
Part 2A of Form ADV, Part 2 2026
charged only for the period that the agreement is in effect. Accordingly, there are no advance
fees subject to refund.
E. Financial Planning Fees: The fees for financial planning services are negotiated between the
Advisor and the client and will vary depending on the scope of the particular services desired.
Fees may be charged on an hourly basis or as a fixed fee for the services. All fee arrangements
are negotiable, and WWC and its advisors may agree to waive or reduce certain fees either on
an ongoing or on a one-time basis. The client’s specific fees will be detailed in your Financial
Planning Services Agreement and any pre-paid fees will be reimbursed on a pro-rata basis upon
its termination.
F. Other Compensation: WWC and its supervised persons do not accept compensation for the sale
of securities or other investment products. WWC does not receive commissions, markups or
trails from the products recommended in the FOCUS programs. Clients may purchase
investment products that WWC recommends through other brokers or agents that are not
affiliated with WWC.