David W. Romhilt

• Asset-Based Fees: Our asset-based fee for wealth management and investment management ranges up to 1.50% annually. This fee will be collected at the beginning of each calendar quarter and calculated as a percentage of the value of the cash and investments in your account[s] that we manage. This presents a conflict of interest as we are financially incentivized to encourage you to place more assets in your advisory account as you will pay more in advisory fees. If you are engaged in our wrap fee program, asset-based fees will include most transaction costs and fees to a broker-dealer or bank that has custody of your assets, and therefore are higher than a typical asset-based advisory fee.

• Hourly Fees: Our hourly fees for financial planning are at a rate of up to $1,000 per hour. , payable in 2 different installments. Hourly fees are negotiable based on the nature and complexity of the services to be provided and the overall relationship with us. We will provide you with an estimate for total hours and overall costs prior to engaging us for these services.

• Fixed Fees: Our fixed project-based for financial planning fees range up to $75,000, payable in 2 different installments. Fixed fees are negotiable based on the nature and complexity of the services to be provided and the overall relationship with us. We will provide you with an estimate of the total cost prior to engaging us for these services.

• Other Fees & Costs: In addition to our advisory fee, you will also be responsible for third party manager and/or platform fees, custody fees, account administrative fees, fees and expenses related to mutual funds and exchange traded funds and applicable securities transaction fees. If you are in our wrap fee program, applicable securities transaction will be included in our advisory fees.

• Additional Information: You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. For more detailed information on our fees, please see Item 5 – Fees and Compensation of our Form ADV Part 2A available via our firm’s Investment Adviser Public Disclosure Page.

When we act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here is an example to help you understand what this means.

We will recommend that you invest in private funds that we manage. Investing in these private funds means that our organization will receive additional revenue from the fees collected for the management of these private funds. We are therefore financially incentivized to recommend that you invest directly into these private funds we manage. However, you are not obligated to invest in these private funds in order to maintain an advisory relationship with us. In addition, some of our financial professionals are registered representatives of Summit Trail Securities, LLC (“STS”), a broker-dealer. In addition to our services, your financial professional will offer you brokerage services through STS. Brokerage services and investment advisory services are different, and the fees we, and STS, charge for those services are different. It is important that you understand the differences. In particular, your financial professional will earn placement fees for transactions implemented through STS. You are encouraged to learn more about STS by reviewing their relationship summary and having a discussion with your financial professional.

Additional Information: For more detailed information, please see Item 10 – Financial Industry Activities and Affiliations, Item 12 – Brokerage Practices and Item 14 – Client Referrals and Other Compensation of our Form ADV Part 2A available via our firm’s Investment Adviser Public Disclosure Page.

Our financial professionals are compensated based on net percentage of revenue generated from advisory services, which is distributed in accordance with our partnership agreement. This means our financial professionals have an incentive to increase the asset size in the relationship or solicit new business, taking time away from the day-to-day servicing of existing clients.