XENA Financial Planning LLC

​   ITEM 5: FEES AND COMPENSATION
       Xena FP is a fee-only firm. Xena FP is compensated solely by professional fees
       received directly from its clients. Neither Xena FP, nor any related person associated
       with Xena FP, receives compensation that is contingent on the purchase or sale of a
       financial product. Neither Xena FP, nor any related person of Xena FP, accepts any
       sales commissions, referral fees, service fees, or other form of compensation from any
       third party, nor does Xena FP or any related person compensate anyone else directly
       or indirectly for client referrals. Fees are generally negotiable and are paid as
       described below, directly by the client.

       Investment Management Fees
          A.​ Xena FP’s Investment Management fee is based on the market value of assets
              designated to be under our management as reported by the custodian that
              maintains a client’s account(s), and is calculated according to the below listed
              fee schedule. The annual fees are negotiable. Some clients may have different
              fee schedules based on their legacy relationship with the firm or other factors.

        Market Value of Assets at end of Quarter        Xena FP Annual Fee (Paid Quarterly)

        $0 - $1,000,000                                 1.00%

        $1,000,001 - $5,000,000                         0.50%

        $5,000,001 and up                               0.35%

          B.​ Fees are directly debited from Client accounts, or the Client may choose to
              pay by ACH or credit card. The annual fee is a tiered fee and is calculated by
              assessing the percentage rates using the predefined levels of assets as shown
              in the above chart and applying the fee to the account value as of the last day
              of the quarter.

          C.​ Fees are exclusive of brokerage commissions, transaction fees, and other
              related costs and expenses which may be incurred by the Client. Clients may
              incur certain charges imposed by custodians, brokers, and other third parties
              such as 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 fund and
              exchange-traded funds also charge internal management fees, which are
              disclosed in a fund's prospectus. These charges, fees, and commissions are
              exclusive of and in addition to Xena FP’s fee, and Xena FP shall not receive any
              portion of these commissions, fees, and costs.

          D.​ Fees are pro-rated and are paid in arrears on a quarterly basis. Agreements
              initiated or terminated during a calendar quarter will be charged a pro-rated
              fee based on the days of service in the billing period. An agreement may be
              terminated at any time by either party with written notice. Since fees are paid

       in arrears, no refund will be needed upon termination of the agreement.

Financial Planning Fees
   A.​ The Financial Planning fee consists of an annual flat amount ranging from a
       minimum of $10,000 and up to $36,000. This may be waived at Xena FP’s
       discretion, and is frequently waived for Investment Management clients with
       assets under management over $1,000,000. The fee is negotiable.

       If a Client has Investment Management assets under management below
       $1,000,000, the complexity of the client’s financial profile and specific needs of
       the client are used to set the annual fee. Complexity and specific needs may
       include household size, income and income sources (e.g., W2 or
       self-employed, equity, or deferred compensation), net worth, debt levels and
       types, small business ownership, estate planning considerations, investment
       real estate ownership, other assets or debts that introduce tax complexity,
       need for education planning, level of invested assets, quantity and tax
       allocation of investment accounts, or legacy portfolio assets.

       Some clients may have different fee schedules based on their legacy
       relationship with the firm or other factors.

   B.​ Fees are directly debited from Client accounts, or the Client may choose to
       pay by ACH or credit card.

   C.​ Fees are exclusive of brokerage commissions, transaction fees, and other
       related costs and expenses which may be incurred by the Client. Clients may
       incur certain charges imposed by custodians, brokers, and other third parties
       such as 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 fund and
       exchange-traded funds also charge internal management fees, which are
       disclosed in a fund's prospectus. These charges, fees, and commissions are
       exclusive of and in addition to Xena FP’s fee, and Xena FP shall not receive any
       portion of these commissions, fees, and costs.

   D.​ Fees are pro-rated and are paid in arrears on a quarterly basis. Agreements
       initiated or terminated during a calendar quarter will be charged a pro-rated
       fee based on the days of service in the billing period. An agreement may be
       terminated at any time by either party with written notice. Since fees are paid
       in arrears, no refund will be needed upon termination of the agreement.

Fee Schedule for Combined Services - Financial Planning and Investment
Management
The majority of Xena FP clients utilize both Financial Planning and Investment Management
services in combination. In these cases, the combined fee schedules below apply.
...

​   ITEM 7: TYPES OF CLIENTS
       We provide financial planning and portfolio management services to individuals and high
       net-worth individuals. We do not have a minimum account size requirement.