Wolverine Wealth Advisory Services Inc

ITEM 5: FEES AND COMPENSATION

Fees for Wealth Management Services

        We charge either flat fees or fees based upon assets under management. We establish our
fee arrangements with you in our written agreement with you.

Part 2 of Form ADV - Brochure                     2              Wolverine Wealth Advisory Services, Inc.

                                    Wealth Management Services
                                (Excluding fixed income bond portfolios)

                      Assets                                 Annual Fee (%)
                      up to $500,000                             1.00%
                      $500,001 to $750,0000                      0.90%
                      $750,001 to $1,000,0000                    0.80%
                      $1,000,001 to $1,500,0000                  0.70%
                      $1,500,001 to $2,000,0000                  0.65%
                      $2,000,001 to $3,000,0000                  0.60%
                      $3,000,001 to $4,000,0000                  0.57%
                      $4,000,001 to $5,000,0000                  0.53%
                      over $5,000,000                            0.50%

                                     Fixed Income Bond Portfolio

                      Assets                                 Annual Fee (%)
                      up to $500,000                             0.35%
                      $500,001 to $750,0000                      0.30%
                      $750,001 to $1,000,0000                    0.27%
                      $1,000,001 to $1,500,0000                  0.25%
                      $1,500,001 to $2,000,0000                  0.23%
                      $2,000,001 to $3,000,0000                  0.20%
                      $3,000,001 to $4,000,0000                  0.19%
                      $4,000,001 to $5,000,0000                  0.18%
                      over $5,000,000                            0.17%

        We may group related client accounts for purposes of determining the amount under
management and the annualized management fee. In certain circumstances, fees may be nego-
tiated. In these circumstances, our negotiated fee schedule will be set forth in your investment
management agreement. We will provide financial planning services as part of our wealth
management service at no additional cost to you.

        Flat fees are available only for high-net-worth clients, those with at least $8,000,000 in
assets under management. If we charge you on a flat fee basis, the minimum annual fee is
$41,500 per year billed quarterly in advance. Under certain circumstances, we may negotiate the
minimum annual flat fee and the minimum account size for our flat fee arrangements.

       If we do not charge you a flat fee, our fee is an annual fee based upon a percentage of the
market value of the assets held in your account. The annual fee is charged quarterly, in arrears,

Part 2 of Form ADV - Brochure                      3             Wolverine Wealth Advisory Services, Inc.

based upon the market value of the assets on the last day of the previous quarter. If you begin
our services on a day other than the first date of a calendar quarter, we prorate your fees for the
first quarter.

Fees for Investment Supervisory Services – Qualified Plans

        If we provide investment supervisory services to your qualified plan, we will charge our
wealth management fee as described above. For plans invested in SEI Funds, you will pay SEI
Investments Management Corporation or its affiliates, additional fees for administration,
distribution and in some cases advise, as disclosed in the SEI Funds’ prospectus, which you
should read before investing.

Additional Fees and Expenses

       Our fees do not include brokerage commissions, transaction fees, and other related costs
and expenses incurred in connection with providing wealth management services to you. Mutual
funds also charge internal management fees, which are disclosed in the fund’s prospectus. Such
charges, fees and commissions are in addition to our fee.

         Mutual funds typically charge their shareholders various advisory fees and expenses
associated with the establishment and operation of the funds. These fees will generally include a
management fee, shareholder servicing, other fund expenses, and sometimes a distribution fee.
If the fund also imposes sales charges, you may pay an initial or deferred sales charge. These
separate fees and expenses are disclosed in each fund’s current prospectus, which is available
from the fund or we can provide it to you upon request. Consequently, for any type of fund
investment, it is important for you to understand that you are directly and indirectly paying two
levels of advisory fees and expenses: one layer of fees at the fund level and one layer of
advisory fees and expenses to us. Generally speaking, most mutual funds may be purchased
directly, without using our services and without incurring our advisory fees.

        We primarily recommend mutual funds from SEI and the Dimensional Funds. These
mutual fund families are institutional type funds, not readily available to the general public, and
have much lower fees than retail mutual funds. These funds are no load and offer the ability to
diversify your portfolio among many asset classes, both domestically and internationally.

Direct Billing to Your Custodian

        You may elect to be billed directly for our fees, have our fees charged to your credit card
or you may authorize us to debit our fees from your accounts. Generally, our clients authorize us
under our agreement to directly deduct our fees from their account. If you provide us such
authorization, at the same time we submit our request for payment to your custodian, you will be
sent a notice from us, in writing, stating the exact amount of the withdrawal and the specific
...

ITEM 7: TYPES OF CLIENTS

       We provide wealth management services to individuals, high net worth individuals,
pension and profit-sharing plans, trusts and estates.

       We impose certain conditions for starting or maintaining an account. A minimum of
$500,000 of cash and/or securities is generally required to open an account using our wealth
management services. We may aggregate related accounts for the purposes of meeting this
minimum account size and for determining the annual fee to be charged. Account size mini-
mums may be negotiable under certain circumstances, and client accounts where the total
balance of all accounts is less than $500,000 will be accepted only on a case-by-case basis.

      The minimum account size for qualified plans to participate in the SEI Asset Allocation
Program is $250,000; this may be negotiable in certain circumstances.