Wolff Financial Management LLC

Fees and Compensation

Fees Charged

All investment management clients will be required to execute an Investment Management Agreement
that will describe the type of management services to be provided and the fees, among other items.
Clients are advised that they may pay fees that are higher or lower than fees they may pay another
advisor for the same services and may in fact pay lower fees for comparable services from other
sources. Clients are under no obligation at any time to engage, or to continue to engage, Wolff

Financial for investment services. If you do not receive a copy of this brochure at least 48 hours prior
to the execution of an Agreement, you may terminate the agreement within the first five (5) business
days without penalty.

Financial Planning

Financial planning is performed as part of asset management services, and not on a stand-alone basis.
Accordingly, there is no separate fee.

Our Wrap Fees

Wolff Financial Management LLC (“Wolff Financial”) provides investment management and ongoing
financial planning services for an annual asset-based advisory fee. The advisory fee is calculated as a
percentage of assets under management and typically ranges between 0.00% and 1.00%, depending
on the amount of assets managed and the complexity of the client’s financial planning and service
needs. Fees are negotiable and may be higher or lower than this range based on the nature of the
account and other relevant factors.

Under the Wrap Fee Program, clients pay a single asset-based fee that includes investment advisory
services and certain transaction costs. The advisory fee schedule is the same for wrap and non-wrap
accounts. Wolff Financial does not offer a reduced advisory fee for clients who elect a non-wrap
arrangement.

Because wrap fees are not tied to an account’s frequency of trading and generally apply to all assets in
the account, this arrangement may not be appropriate for all clients. For example, a wrap fee
arrangement may not be appropriate for an account that holds primarily cash, cash equivalents, fixed
income securities, or no-transaction-fee mutual funds for a substantial period of time.

The wrap fee includes transaction costs for securities trades executed through Schwab Advisor
Services. The wrap fee does not include:

    •   Margin interest
    •   Wire transfer fees
    •   Mutual fund or ETF expense ratios
    •   Mark-ups, mark-downs, spreads, or odd-lot differentials
    •   Regulatory fees
    •   Transaction fees for trades executed away from Schwab Advisor Services
    •   Fees charged by third-party investment managers

If a third-party portfolio manager is utilized, that manager’s fees will be in addition to the wrap fee
and will be paid by the client.

Although the advisory fee schedule is the same for wrap and non-wrap accounts, total client costs may
differ depending on trading activity. Clients with infrequent trading activity may pay more in a wrap
account than they would if transaction costs were paid separately. Conversely, clients with more
frequent trading activity may benefit from the wrap fee structure.

Because Wolff Financial pays transaction costs from its advisory fee in wrap accounts, the firm has a
financial incentive to limit trading activity in those accounts in order to reduce its expenses. This
creates a conflict of interest. Wolff Financial seeks to mitigate this conflict by managing wrap and
non-wrap accounts in a consistent manner, supervising accounts in accordance with client investment

objectives, and adhering to its fiduciary duty to act in the best interests of clients.

Wolff Financial receives the advisory fee paid under the Wrap Program and does not receive additional
compensation for offering the Wrap Program beyond that advisory fee.

Fee Payment

For clients whose assets are managed by the firm, investment advisory fees will be debited directly
from the designated client account. The advisory fee is paid quarterly, in advance, and the value used
for the fee calculation is the gross value as of the last market day of the previous quarter. This means
that if your annual fee is 1.00%, then each quarter we will multiply the value of your account by 1.00%
then divide by 4 to calculate our fee. To the extent there is cash in your account, it will be included in
the value for the purpose of calculating fees only if the cash is part of an investment strategy. If assets
in excess of $10,000 are deposited into or withdrawn from an account after the inception of a billing
period, the fee payable with respect to such assets is adjusted to reflect the interim change in portfolio
value. Once the calculation is made, we will instruct your account custodian to deduct the fee from
your account and remit it to Wolff Financial.

Clients whose fees are directly debited will provide written authorization to debit advisory fees from
their accounts held by a qualified custodian chosen by the client. Upon request, clients will receive a
bill itemizing the fees that were debited, including the formula used to calculate the fee, the amount of
assets upon which the fee is based, and the time period covered by the fee. The invoice will also state
that the fee was not independently calculated by the custodian. The client will also receive a statement
from their account custodian showing all transactions in their account, including the fee.

Fees We Pay Schwab.

In addition to compensating us for our portfolio management, other investment advisory, and other
services to you, the wrap fees you pay us also allow us to pay Schwab for the brokerage services it
provides to you, as described above, as well as additional services Schwab provides us, as described
below. The fees we pay Schwab consist primarily of transaction fees for the purchase or sale of a
mutual fund or Exchange Traded Fund, or commissions for the purchase or sale of a stock. Expenses
...

Item 7:       Types of Clients

      Clients advised may include individuals, families, trusts, charitable organizations, and corporations.
      Wolff Financial requires each client to place at least $1,000,000 with the firm. This minimum may be
      waived at the discretion of Wolff Financial.