Willis Johnson & Associates Inc

Item 5: FEES AND COMPENSATION
The Firm collects an investment advisory fee for the investment management and financial planning
services provided. This fee, which is billed to the client on a quarterly basis in advance, is based on
the account value, as provided by the custodian, at the previous quarter end. If funds of $50,000 or
more are added or withdrawn from an account after the last day of the previous quarter, but before
the next billing date, WJW will net the contributions and withdrawals and prorate the current bill
accordingly. Fees are negotiable based on complexity, specific situations and outside
circumstances.
For new clients added during the last month of the quarter, fees will be charged at the beginning of
the following quarter. For new clients, the initial fee is based on the market value of the assets in
the account(s) on the last business day of the quarter in which it’s opened and prorated from the
date of activation.
If the Firm provides you with financial planning services, only, the Firm will collect fees based on a
fixed contract (based on the client’s needs and the expected time to complete the plan) that
requires payment of one-half of the agreed amount at the beginning of the engagement, with the
balance due upon completion of the work.

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Willis Johnson Wealth – Asset Management Fees Tiered Fee Schedule

  Household Assets under Management*                            Annual Fee as % of Assets

  First $500,000 ($0 - $500,000)                                            1.20%
  Next $500,000 - $3,000,000                                                0.90%
  Next $3,000,000 - $5,000,000                                              0.85%
  Next $5,000,000 - $10,000,000                                             0.65%
  Next $10,000,000 - $20,000,000                                            0.45%
  Next $20,000,000 and up                                                   0.40%

*Valuation of accounts shall be made on the last business day of each quarter. The minimum Household
Assets under Management is $750,000. Clients below this threshold will be billed a minimum fee of $2,063
per quarter.
                Example Household AUM                     Annual Weighted Fee as % of Assets
                     $1,000,000                                         1.05%
                     $3,000,000                                         0.95%
                     $5,000,000                                         0.91%
                     $8,000,000                                         0.83%
                     $10,000,000                                        0.78%
                     $15,000,000                                        0.67%

*Until all existing clients are transitioned to the fee schedule posted above, clients that engaged the Firm prior
to May 2022 may still be on the prior fee schedule and can refer to their advisor agreement for current fee
schedule.

Advisory fees will be directly debited from an account managed by WJW. You will be provided with
a statement, at least quarterly, from the custodian reflecting deduction of the investment advisory
fee. Clients are urged to also review statements provided by the custodian, as the custodian does
not perform a verification of fees. Clients provide written authorization permitting advisory fees to
be deducted and paid directly from their account[s] held by the custodian as part of the investment
advisory agreement and account forms provided by the custodian.

Other Fees and Expenses - Clients may incur certain transaction fees or charges imposed by
third parties in connection with investments made on behalf of the client’s account[s].
When WJW recommends a mutual fund for a client’s account, three separate fees may be charged
to the client, either directly or indirectly. The first fee is WJW’s investment management fee where
the fund is included in the asset base for the quarterly fee calculation. The second is the set of
internal fees charged by the investment company for the fund’s investment management,
marketing, administration and marketing assistance. These internal expenses are disclosed in
each fund’s prospectus which is provided to each client by the custodian. (This set of fees also
applies to any ETF or money market fund purchased in the client’s account.) The third fee may be
a transaction fee which is assessed by the custodian for its service of providing access to a
universe of mutual fund families through one account. To avoid such fees a client would be
required to open a separate account with each individual mutual fund company instead of using
the custodian recommended by WJW, which would also negatively affect WJW’s ability to deliver
its services efficiently. Not all mutual fund trades enacted by WJW incur this transaction fee.
For the WJW model portfolios that include private market investments, the additional fees, paid to a
third-party manager, for the private markets allocation typically include fund management fees,

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performance-based incentives, and additional costs related to the underlying assets, which are
disclosed in a fund’s prospectus or other offering materials. WJW does not receive any portion of
these fees, incentives and costs.

Willis Johnson Wealth – Families Program

The Willis Johnson Wealth Families Program (“WFP”) offers a separate Fee Schedule to parents
or children (“family member”) of existing clients if they elect to engage Willis Johnson Wealth for
financial planning and investment management. For purposes of the WFP, family member is
defined as the clients’ parents or children. WFP is intended to give family members of existing
clients that don’t meet the minimum AUM requirements an opportunity to get financial advice while
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Item 7: TYPES OF CLIENTS
The Firm primarily provides services to individuals and high-net worth individuals, including
corporate executives and professionals (as well as their families). Corporate executive and
professional clients are often within five to ten years of retirement, or retired, and have a net worth
in excess of $1 million. Occasionally, the Firm will assist small business owners. The businesses
that the Firm works with are typically closely held and vary across industries.

With regard to investment management services, the Firm has an account minimum of
$750,000. Smaller accounts may be accepted under certain circumstances. Household accounts
will be aggregated to reach the $750,000 threshold.