Wilhelm Financial Services PLLC

Item 5 Fees and Compensation
 For investment management services, WFS charges a percentage of assets under
 management, using asset-based tiers. WFS’s current standard fee schedule for
 investment management clients is shown below.

 Under $1,000,000 – 1.0%
 Next $ 1,000,001 – $ 2,000,000 - 0.75%
 Next $ 2,000,001 – $ 3,000,000 - 0.60%
 Next $ 3,000,001 – $ 4,000,000 - 0.50%
 Next $ 4,000,001 – $ 5,000,000 - 0.40%
 Next $ 5,000,001 – $ 6,000,000 - 0.35%
 Next $ 6,000,001 – $ 7,000,000 - 0.30%
 Next $ 7,000,001 – $10,000,000 - 0.25%
 Next $10,000,001 and over       - 0.10%

 Investment management fees are negotiable and are determined at the beginning of
 the client relationship in consultation with the client.

 Investment management clients are billed at the beginning of each quarter for that
 quarter’s proportional fee. WFS currently uses calendar quarters beginning January,
 April, July, and October. The fee is based on the quarters, beginning account value.
 The beginning account value is the ending balance on last day of December, March,
 June, and September. WFS prefers to invoice clients directly for this fee but will debit
 a custodial account directly for fees if requested by a client, so long as the custodian
 for the account is a bank or registered broker-dealer that agrees to send monthly
 account statements to the client reflecting the fee deductions.

 In all instances, WFS will send the client a written invoice, including the fee, the
 formula used to calculate the fee, the fee calculation itself, the time period covered by
 the fee, and, if applicable, the amount of assets under management on which the fee
 was based. The Adviser will send these to the client concurrent with the request for
 payment or payment of the Adviser’s advisory fees. We urge the client to compare
 this information with the fees listed in the account statement. In most cases, WFS
 bills the client directly and does not deduct the client fee from the client’s accounts.

 Investment management clients incur other fees and expenses, including custodial
 fees and brokerage fees, that are not included in the fees charged by WFS. Please
 see the “Brokerage Practices” section for more details on fees charged by brokers.

 In addition, mutual fund companies charge each fund shareholder an investment
 management fee that is disclosed in the fund prospectus. This fee is in addition to the
 fee WFS charges for its management services. These fees diminish client net
 returns, and clients may receive services at lower management fees through
 advisers who manage portfolios of individual securities rather than portfolios of
 mutual fund shares.

If an advisory agreement between WFS and a client is terminated, any unearned fees
will be refunded to the client. The unearned fees will be determined by dividing the
number of days of service provided by WFS by the number of days in the quarter.

WFS does not charge separately for financial planning for its investment management
clients.

 WFS is a fee-only investment management firm. N e i t h e r WFS nor Mr.
 Wilhelm sells brokerage or insurance products, including annuities, insurance,
 stocks, bonds, limited partnerships or other commissioned-based products.
 C l i e n t s s h o u l d b e a w a r e t h a t W F S ’ s fees are exclusive of
 brokerage commissions, transaction fees, and other related costs and
 expenses which can be incurred by the client. Clients can incur certain charges
 imposed by custodians, brokers, and other third parties, which include fees
 charged by managers, custodial fees, deferred sales charges, odd-lot
 differentials, transfer taxes, wire transfer and electronic fund fees, and other
 fees and taxes on brokerage accounts and securities transactions. Mutual funds
 and ETFs also charge internal management fees and operating fees, which are
 disclosed in a mutual fund's prospectus. Such charges, fees and commissions
 are exclusive of and in addition to WFS's fee(s), and the Firm does not receive
 any portion of these commissions, fees, and costs. Notwithstanding DFA funds,
 a client could invest in a mutual fund directly, without our services. In that case,
 the client would not receive the investment management services provided by
 our Firm which are designed, among other things, to assist the client in
 determining which mutual funds are most appropriate to each client's financial
 condition and objectives.

Item 7 Types of Clients
 WFS works mainly with individuals.

 When conducting financial planning services, WFS does not impose specific
 conditions on its clients other than determining the appropriateness of its services to
 their situation.

 WFS does not usually accept investment management clients with account sizes of
 less than $3 million. WFS can and does make exceptions to the account size
 minimum, but normally only when the client and WFS anticipate additional funds to
 bring the account total to more than $3 million within a reasonable period of time.