Womack Wealth Management Inc

ITEM 5 – FEES AND COMPENSATION

An introductory in-person meeting, deo conference, or phone call, to discuss a potential
client's advisory needs and to describe our services, will not incur a fee. If, after the initial
meeting, the potential client would like to engage our services and we believe they could
be well served by our services, an engagement agreement and fee schedule will be
proposed. All fees and minimums are negotiable at the discretion of the advisor.

Investment Management and Consulting fees are based on the amount of assets under
management (AUM) for a client per the fee schedule listed below. Adjustments to this fee
schedule may be made on a client-by-client basis for various reasons such as advice related to
non-standard assets and other factors affecting scope and complexity.

Wealth Planning and Management fees are based on AUM, fixed (retainer) fees, and/or
hourly fees (for non-recurring, special advisory projects) all of which are defined in
individual client agreements. The complexity of the client’s situation and the scope of
advisory services to be provided are considered when establishing the appropriate fees for
the services.

                 Assets under Management                           Advisory Fee

                 First $500,000                                    1.2%
                 On assets in excess of $500,000 but less than     1.0%
                 or equal to $2,000,000
                 On assets in excess of $2,000,000 but less than   0.7%
                 or equal to $3,000,000
                 On assets in excess of $3,000,000 but less than   0.5%
                 or equal to $5,000,000
                 On assets in excess of $5,000,000 but less than   0.3%
                 or equal to $50,000,000
                 On assets greater than $50,000,000.               negotiable

WWM fees are invoiced and drawn from client accounts each quarter in-advance (with
some exceptions where billing in-arrears is maintained for some WWM clients who moved
from a prior advisor where they were previously billed in-arrears). When billed in-advance,
if a client terminates prior to the quarter-end, WWM will return the pro-rata share of the
fee to the client. For clients billed in-arrears, if a client terminates prior to the quarter-end,

WWM will collect a pro-rata share of the fee earned to the date of termination.
Adjustments to the fee may be made if there has been a substantial capital in-flow or out-
flow within the quarter. These adjustments would be detailed on the invoice copy sent to
the client. In cases of accounts subject to certain state related taxes (such as gross receipts
tax), WWM may collect the tax at the time of the fee bill.

Advice may be provided for held-away assets (for assets not held in accounts where WWM
can directly affect transactions). The size, complexity and service related to the held-away
assets will all be considered when fees are established and would be defined in the client
agreement.

Financial Planning Services fees are established as a fixed one-time fee, or an ongoing fixed
flat fee, and/or hourly fees.

Hourly rates range from $50/hour to $500/hour depending on the complexity of the
services and the staff level providing the services.

Retirement Plan Rollover Recommendations - When leaving an employer, clients typically
have four options regarding their existing retirement plan: (1) leave the assets in the
former employer’s plan, if permitted, (2) roll over the assets to the new employer’s plan, if
one is available and rollovers are permitted, (3) roll over the assets to an Individual
Retirement Account (“IRA”), or (4) take a full withdrawal in cash, which would result in
ordinary income tax and a penalty tax if the person is under age 59 1/2. At times, as part of
its services, the Firm recommends that clients roll over their 401(k) or other qualified plan
assets to an IRA, this rollover recommendation presents a conflict of interest in that the
Firm would receive compensation (or may increase current compensation) when
investment advice is provided following the client’s decision to roll over plan assets. Clients
who have assets in retirement accounts elsewhere would potentially pay a larger fee if
rolled into an IRA or Roth IRA with WWM as the adviser. WWM will only recommend
rollovers if it’s deemed in the best interest of the client. Instances where it may be in the
best interest of the client include, but are not limited to, simplifying their account
management (reduce the number of retirement accounts), having professional
management of their account, limited investment options at current retirement plan,
and/or high administrative fees. Prior to deciding, each client should carefully review the
information regarding rollover options and are under no obligation to rollover retirement
plan assets to an account managed by WWM.

Turn-Key Asset Management Services for Advisors fees are negotiated on a case-by-case
basis, based on the complexity of the administrative functions, number of administrative
services requested, advisor revenues, asset size, and other variables.

Sub-Advisory Investment Management Services for Advisors fees are negotiated on a case-
by-case basis, based on the complexity of the portfolios, restrictions placed on the portfolio,
asset size, and other variables. Fees may be lower on Sub-Advisory services than to other
direct clients of WWM for similar levels of assets due to the limited scope of service and
other factors under the Sub-Advisory relationship.

COMPENSATION FOR SALE OF SECURITIES OR OTHER INVESTMENT PRODUCTS

WWM and all supervised persons do not accept compensation for the sale, referral, or
marketing of any securities or investment products.

Objectivity of advice. In order to remove potential conflicts of interest when advising clients,
WWM and its individual advisors and employees do not accept fees, commissions or other
compensation from any other party than the client.
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