Zimmerman Wealth Management LLC

Item 5 Fees and Compensation
                       INVESTMENT SUPERVISORY SERVICES:
                     INDIVIDUAL PORTFOLIO MANAGEMENT FEES
The annualized fee for investment supervisory services is typically charged as a percentage
of assets under management, according to the following schedule:

                  Assets Under Management                                Annual Fee

                        First $5,000,000                                   1.00%

                        Next $5,000,000                                    0.75%

                        Next $5,000,000                                    0.65%

                       Next $10,000,000                                    0.50%

                       Over $25,000,000                        Quoted on a customized basis

All client assets are held by a qualified custodian which may be a broker-dealer. The specific
manner in which fees are charged to a client is established in the applicable client’s advisory
agreement. The firm may invoice a client for its fees, but more typically fees are debited
directly from the client’s account by the custodian in accordance with the client authorization.
Fees are typically billed quarterly, in advance, at the beginning of each calendar quarter
based upon the value (market value or fair market value in the absence of market value), of
the client’s account at the end of the previous quarter. In the event a client makes an
additional contribution to an account after the inception of a quarter, the fee payable with
respect to such additional contribution will generally be prorated based on the number of days
remaining in the quarter and added to the fee payable for the quarter immediately following.
In the event a client makes a partial withdrawal from an account after the inception of a
quarter, any prepaid fees will generally be credited towards the fee payable with respect to
the quarter immediately following, prorated based on the number of days remaining in the
quarter.

A client’s custodian will generally determine the market value of the investments in a client’s
portfolio. If the custodian is unable to determine a market value for an investment, the firm

will provide a fair valuation. To the extent the firm provides a fair value for an investment, the
firm has a conflict of interest as its fee will be based on such valuation.

Limited Negotiability of Advisory Fees: Although Zimmerman Wealth Management, LLC
has established the aforementioned fee schedule(s), we retain the discretion to negotiate
alternative fees, including fixed or hourly fees, on a client-by-client basis. Client facts,
circumstances and needs are considered in determining the fee schedule. These include the
complexity of the client, assets to be placed under management, anticipated future additional
assets, related accounts, portfolio style, account composition and reports, among other
factors. The specific annual fee schedule is identified in the contract between the adviser and
each client.

We may group certain related client accounts for the purposes of achieving the minimum
account size requirements and determining the annualized fee.

Discounts not generally available to our advisory clients may be offered to family members
and friends of employees of our firm.

                                 FINANCIAL PLANNING FEES

Zimmerman Wealth Management, LLC’s financial planning fee arrangement is determined
based on the nature of the services being provided and the complexity of the client’s
circumstances. All fees are agreed upon prior to entering into a contract with any client.

Our financial planning fees may be charged as a percentage of client assets, at the rates set
forth in the individual portfolio management fee chart above, or on a fixed fee and/or an hourly
basis. Fees charged on an hourly basis generally range from $95 to $600 per hour. Although
the length of time it will take to provide a financial plan will depend on each client’s personal
situation, we will provide an estimate for the total hours at the start of the advisory relationship.

Our fixed fee arrangements typically range from $8,500 to $20,000, depending on the
complexity of the case and the specific fee arrangement reached with the client.

We may request a retainer upon completion of our initial fact-finding session with the client;
however, advance payment will never be incurred for work that will not be completed within
six months. Any remaining balances are due upon completion of the plan.

Typically, a client will be billed quarterly in advance based on our total estimated financial
planning fees. In no case is a client billed for services more than six months in advance.

                                   GENERAL INFORMATION

Fees in General: The firm and its employees are not compensated for the sale of securities
or other investment products recommended to clients. Clients have the option to purchase
the securities and investment products the firm recommends through other brokers or agents

that are not affiliated with the firm and should note that advisory services similar to those
provided by the firm may be available from other registered (or unregistered) investment
advisers for similar or lower fees.
Minimum Investments: For individual portfolio management, there is an initial minimum
investment of $2,000,000 for the opening of an advisory account and a minimum annual fee
of $20,000. However, the firm may waive these requirements in its sole discretion. For clients
seeking only financial planning advice, the firm does not impose a minimum net worth
requirement or a minimum fee. There are no minimums relating to any pension consulting
client.
Termination of the Advisory Relationship: A client agreement typically may be canceled
at any time, by either party, for any reason upon receipt of 30 days’ written notice. As
disclosed above, certain fees are paid in advance of services being provided. Upon
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types of clients:

•      Individuals (other than high net worth individuals)

•      High Net Worth Individuals

•      Trusts and Estates

•      Pension and profit sharing plans (other than plan participants)

•      Charitable organizations

•      Corporations or other entities not listed above
The conditions for managing an account are described above in Item 5, “Fees and
Compensation.” As noted above, account size and fee minimums may be waived in the sole
discretion of the firm.