Widmann Financial Services Inc

Item 5 Fees and Compensation
Asset Management Services
Our fees are negotiable and are not based on a share of capital gains or capital appreciation of the funds or
any portion of the funds in your account. Transaction charges and other account-related fees assessed by
the account custodian or Commonwealth are not negotiable. The Fee Schedule is as follows:

                         Account Size               Maximum Annual Fee
                         First $250,000             1.75%

                         Next $750,000              1.25%
                         Next $1,500,000            1.00%
                         Next $2,500,000            0.75%
                         Above $5,000,000           0.50%

Generally, your annual fee is based on an aggregate value of all managed accounts within your established
household. For these multiple accounts, we can deduct an aggregated advisory fee from one selected
account. Unless a billing group is created, the blended schedule is applied at the account level.

We sometimes make exceptions to our general fee schedule under certain circumstances (e.g.,
responsibilities involved, accounts or groups of accounts which are expected to have significant capital
additions in the future, anticipated future earning capacity, related accounts, account composition, pre-
existing client, account retention, pro bono activities, etc.). In such cases, lower fees or different payment
arrangements can be negotiated with each client separately and will be described in the client's ad visory
agreement.

You may make additions to the account or withdrawals from the account, provided the account continues
to meet minimum account size requirements. No fee adjustments will be made during the quarter for
additional deposits, partial withdrawals, or for account appreciation or depreciation due to market
fluctuation.

If the account is established or closed during the quarter, you will pay a prorated portion of the advisory fee
based on the number of days the account was under our management. New clients establishing a managed
account household will pay a prorated portion of the advisory fee based on the number of days the account
was under Widmann Financial Services' management. Advisory fees will be charged to and collected
directly from the account for your Asset Management fees.

You will need to grant Widmann Financial Services the authorization to instruct the custodian to debit your
fee. The custodian, will provide you with a quarterly or monthly statement that lists the total fees deducted
from the account as well as all transactions that were conducted in the account that quarter/month.
In addition to the advisory fees above, you may pay transaction fees for securities transactions executed in
your account in accordance with the custodian's transaction fee schedule. You will also pay fees for custodial
services, account maintenance fees, and other fees associated with maintaining the account. These fees are
not charged by Widmann Financial Services and are charged by the product, broker-dealer, or account
custodian. Widmann Financial Services does not share in any portion of these fees. Additionally, you will pay
your proportionate share of the fund's management and administrative fees and sales charges as well as the
mutual fund adviser's fee of any mutual fund they purchase. These advisory fees are not shared with Widmann
Financial Services and are compensation to the fund manager. More information is available in the mutual
fund prospectus.

For accounts held at Commonwealth, Commonwealth currently performs fee billing on our firm’s behalf.
The Asset Management fee is billed quarterly in advance using a tiered fee schedule and is computed as
one-quarter of the annual fee based on the value of the account* on the last business day of the previous
calendar quarter. If your account does not contain sufficient funds to pay the advisory fees, we have the
limited authority to sell or redeem securities in sufficient amounts to pay advisory fees. Except for ERISA
and IRA accounts, you may reimburse your account for advisory fees paid to Widmann Financial Services.

Fee calculation example for a $1,500,000 dollar account:

   •   First $250,000 x 1.75% = $4,375
   •   Next $750,000 x 1.25% = $9,375

   •   Remaining $500,000 x 1.00% = $5,000

Total $18,750 divided by 4 = Quarterly Fee is $4,687.50

If Widmann Financial Services should change the above fee schedule, prior notice will be given to you.

*Account values in the Commonwealth Financial Practice 360 reporting system will be used for Widmann
Financial Services' quarterly fee calculations for advisory accounts custodied at National Financial Services
(NFS). Although account holdings and asset valuations should generally match, month-end market values
reflected in Commonwealth's Practice 360 reporting system sometimes differ from those provided by NFS
on their month-end statements. The three most common reasons why these values may differ are (i)
differences in the manner in which accrued interest is calculated, (ii) differences in the date upon which "as
of" dividends and capital gains are reported, and (iii) differences in whether settlement date valuations or
trade date valuations are used. If you have any questions or believe there are material discrepancies
between your NFS custodial statement and Commonwealth's Practice 360 reporting system, please contact
Widmann Financial Services at 301-262-2919. The Commonwealth Practice 360 report valuations are
available online via your Investor 360 account or you may request a copy from your Widmann Financial
Services' Advisory Representative.

Clients who elect to open a margin account acknowledge and agree that margin may be exercised against
their account for purposes including, but not limited to, covering debits, management fees, and/or other
billing and administrative costs. Management fees on margin accounts will be assessed on the equity (e.g.,
...

Item 7 Types of Clients
The advisory services offered by Widmann Financial Services are geared toward individuals and their
families including high-net-worth individuals, as well as businesses, charitable organizations, trusts, and
estates.

The minimum account size to obtain asset management services is generally $250,000. We will group
certain related client accounts for the purposes of achieving the minimum account size and determining the
annualized fee. Accounts below these minimums will be accepted on an individual basis at our discretion.
Such circumstances include but are not limited to the addition of assets to your account in the near future,
or the fact that you have other accounts under management with Widmann Financial Services. You should
be aware that performance may suffer due to difficulties with diversifying smaller accounts and that a lack of
diversification can lead to greater portfolio risk. Performance of smaller accounts may vary from the
performance of accounts with more dollars invested because fluctuations in the market may affect smaller
accounts more.