Description of Services and Pricing BlueSky Wealth Advisors, LLC is a registered investment adviser with our primary office in New Bern, North Carolina. We are organized as a limited liability company under the laws of the State of North Carolina, and we have been providing investment advisory services since 1999. We are owned by BlueSky WA Holdings, LLC. BlueSky WA Holdings LLC is owned by BlueSky Management Team LLC, which is owned by David Blain and Caroline Blain, and four minority partners. We provide broad based advisory services designed to provide you with a plan that is aimed at integrating your overall investment, tax, estate, insurance, and other planning needs. Our advisory services consist of financial planning and discretionary investment management as described below. You may retain us to provide both financial planning and investment management or in limited circumstances you may engage us to provide either service exclusive of the other. The following paragraphs describe our services and pricing. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to BlueSky Wealth Advisors, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term Associated Person or Investment Adviser Representative throughout this Brochure. As used in this Brochure, our Associated Persons or Investment Adviser Representatives are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
Financial Planning Financial planning will typically involve providing a variety of services, principally advisory in nature, to you regarding the management of your financial resources based upon an analysis of your individual needs.
At the inception of the client relationship, we will establish your objectives by collecting data and reviewing your financial information and circumstances. Once such information has been reviewed and analyzed, written reports designed to achieve your stated financial goals and objectives will be produced and presented to you. The primary objective of this process is to allow us to assist you in developing a strategy for the successful management of income, assets and liabilities in meeting your financial goals and objectives.
Financial plans may incorporate recommendations with respect to cash flow, assets and liabilities, asset allocation, insurance analysis, education funding, retirement planning, estate planning, tax strategies, asset protection, real estate, charitable giving, equity compensation, and small business planning. Additionally, financial planning services include periodic reviews and assistance to you in implementing the plan as mutually agreed upon.
Financial plans are based on your financial situation at the time the plan is presented and are based on the financial information disclosed by you to us. You are advised that certain assumptions may be made with respect to interest and inflation rates and the use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance. We cannot offer any guarantees or promises that your financial goals and objectives will be met. As your financial situation, goals, objectives, or needs change, you must notify us promptly.
Financial planning is offered through an ongoing relationship or, in narrowly defined circumstances, a limited scope defined service relationship. 4 Real Estate As part of our financial planning service, we may advise on the disposition, acquisition, or management of real property (real estate). Sometimes our recommendations include investing with unaffiliated third-party real estate investment companies. Furthermore, in some circumstances, we facilitate our client's investments, report the performance, and help organize clients' investments in these private real estate funds or properties. However, BlueSky Wealth Advisors does not sponsor or manage the real estate investments, nor does it receive any additional compensation for recommending an investment in any particular third-party fund. Our sole payment is the one described in the pricing paragraph below. We consider the assets invested with unaffiliated third-party real estate investment companies based on our recommendation to be calculated as Assets Under Advisement. As of March 12, 2024, our total Real Estate assets under advisement are $77,202,050. This amount is based on the initial investment amount (cost basis), not fair market value. Investment Management We provide discretionary investment management and the advice provided is tailored to meet your needs and investment objectives. We will utilize information gathered in the financial planning process or at the inception of the relationship such as your risk tolerance, risk capacity, investment objectives and other relevant information, and will provide an investment policy statement to you.
Based upon the investment policy statement, we will recommend an initial portfolio of securities which may be customized for you in accordance with your risk tolerance and investing objectives. We may also invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your

portfolio's performance on an ongoing basis and will place trades and rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary investment management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the client advisory agreement you sign with our firm, a power of attorney, or trading authorization forms. Tax Preparation We provide individual and business federal and state income tax preparation services to select clients for an additional cost.
Pricing For our ongoing financial planning and discretionary investment management services, we charge a quarterly price generally ranging between $2,500 and $25,000 paid in advance. The quarterly price for advisory services is determined by the complexity of the client's situation. BlueSky Wealth Advisors' pricing formula starts with a base price determined by the client's age, employment status, and family size then adds complexity factors based on their level of income and net worth. All client prices are adjusted annually based on changing client circumstances and the inflation rate of the economy. The exact pricing formula is a trade secret and is only disclosed upon request to qualified prospective clients. Some legacy advisory clients may pay a higher or lower price determined by the advisory agreement they signed at the time they became a client. 5 We will deduct your quarterly payment directly from your investment account(s) through the qualified custodian holding your funds and securities only when you have given our firm written authorization permitting the payments to be paid directly from your account. Further, the qualified custodian will deliver an account statement to you at least quarterly. These account statements will show all disbursements from your account. You should review all statements for accuracy. In the event your agreement is executed at any time other than the first day of a calendar quarter, an initial adjusted price will be assessed. Subsequent quarterly payments will be due on the first day of the calendar quarter. Either party, upon receipt of fourteen days written notice from the other, may terminate the agreement. In the event of termination, a refund of unearned fees, calculated pro rata for the remainder of the period based upon the client termination date will be made to the client via check or reimbursement transfer from the company's account to the client's brokerage account For federal and state income tax preparation services, prices range between $300 and $20,000. The cost for tax preparation services is calculated individually for your specific circumstances and is based on a number of factors, including; the complexity of the tax return, the knowledge required by the preparer, the time necessary to complete the return, and the number of forms required.
For financial planning defined service relationships, which are offered only in limited circumstances, we charge a flat price ranging between $2,000 and $20,000. We will invoice you directly for the payment, half of which we require to be paid up front and the remainder due upon completion of the work performed or as otherwise agreed.
For advisory services performed outside the scope of the financial planning, tax, or investment management services described previously, which are offered only in limited circumstances, we charge $500 per hour due upon receipt of invoice. Pricing and payment arrangements will be determined on a case-by-case basis depending on the scope and complexity of the services to be performed. At no time will we charge you more than $1,200 and for six months or more in advance.
Types of Investments We do not primarily offer advice on one type of security over another and offer advice on a broad range of investments. We do not participate in or sponsor a wrap fee program. IRA Rollover Recommendations For purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. 6 As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Assets Under Management As of March 12, 2024, we provide continuous management services for $730,182,752 in client assets on a discretionary basis.