Clients have the option to pay fees separately or have fees automatically deducted from their account(s). Generally speaking, advisor fees may be tax deductible as a misc. itemized deduction if paid separately or deducted from non-retirement accounts. Fees deducted from tax-deferred accounts, such as an IRA, are not tax deductible, but provide a similar result in that they are not considered taxable distributions. Consult a tax professional for advice on how the rules that pertain to advisor fees apply to your specific situation.

Fees are billed quarterly in arrears.

Examples:

Assets	Fee
$100,000	$1,000 minimum flat fee
$400,000	$1,000 minimum flat fee
$1,000,000	$2,500 based on 0.25%
$2,400,000	$6,000 maximum flat fee
$20,000,000	$6,000 maximum flat fee

Fund Expenses

Client accounts hold mutual funds and/or exchange-traded funds which have expenses (expressed as the expense ratio) not related to our management fee.

We recommend passive and index funds to keep expense ratios very low. Total fund costs may be further reduced by tax management and/or securities lending revenue. Purpose Wealth is not compensated by fund companies for recommending their products.

Trading Costs

Fidelity Institutional and Schwab Institutional are the primary custodians for client accounts. Each custodian may charge transaction fees for buying and selling securities, typically $25 per trade on mutual funds (with a range of $0 to $50) and $8 per trade (with a range of $0 to $12.95) on exchange traded funds or individual stocks.

Purpose Wealth is not compensated by transaction fees. Our goal is to only trade when necessary and keep transaction fees to a reasonable minimum. Because we typically recommend portfolios comprised of fewer funds than traditional allocations, our portfolios tend to be less costly to own over time with respect to transaction fees and taxes.