Apexium Financial LP

Item 5 – Fees and Compensation
Apexium is an independent, financial planning and investment management firm. We receive
compensation only from our clients, and not from any fund manager or vendor. We base our fees
on a percentage of assets under management, hourly charges or fixed fees.

Investment Management Fees
Our current basic annual fee schedule for investment management services is as follows:

Fee schedule - BASE FEE

First $1,000,000       1.00%
Next $4,000,000        0.90%
Next $5,000,000        0.80%
Above $10,000,000      0.50%

                                        Apexium Financial LP
                                         Form ADV Part 2A

We may, in our sole discretion, waive our minimum fee and/or charge a lesser investment
management fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated
future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed,
related accounts, account composition, negotiations with clients, etc.).

Clients with assets below the minimum account size may pay a higher percentage rate on their
annual fees than the fees paid by clients with greater assets under management. See Item 7 – Types
of Clients for account minimums and correlating fees.

Investment management clients will also be charged an annual fee of up to $100 per account, as set
forth in the Investment Management Agreement, for technology service and/or supplemental
reports (subject to a maximum fee for a household with multiple accounts). This fee will be billed on
a monthly basis in arrears in equal installments over a twelve (12) month period.

The specific manner in which we charge fees is established in each client’s Investment Management
Agreement. The Investment Management Agreement between Apexium and the client will continue
in effect unless terminated by either party by written notice in accordance with the terms and
conditions of the Investment Management Agreement. Our investment management fee will be
prorated through the date of termination.

The investment management fees charged by Third-Party Investment Managers are exclusive of, and
in addition to, our ongoing investment advisory fees. There may be other third-party investment
managers that may also be suitable for a client, and such investment managers may charge higher or
lower fees than do the Third-Party Investment Managers we select for a client.

Financial Planning and Consulting Fees
We charge a fixed fee and/or hourly fee for financial planning and consulting services. These fees
generally range from $1,000 to $15,000 on a fixed fee basis and/or $250.00 to $750.00 on an hourly
basis. These fees are largely determined by the level and scope of the services and the professional
engaged to render them. If the client engages us for additional investment management services, we
may offset all or a portion of our fees for those services based upon the amount to be paid for the
financial planning and/or consulting services (or vice versa).

Generally, we require one-half of the financial planning or consulting fee (estimated hourly or fixed)
to be paid upon entering the Financial Planning Agreement. The balance is generally due upon
delivery of the financial plan or completion of the agreed upon services.

Defined Contribution Plan Fees
For defined contribution plan consulting services we charge a fixed negotiated percentage of plan
assets under advisement, generally billable in arrears.

Billing
Investment management fees are deducted monthly, in arrears, meaning that we debit client
accounts directly based on the value of the client account, including cash and cash equivalents, as
well as realized and unrealized gains and losses, at the end of each month. Fees are usually deducted

                                         Apexium Financial LP
                                          Form ADV Part 2A

from a designated client account to facilitate billing. The client must consent in writing in advance to
direct debiting of their investment account.

Fees for Management During Partial Months of Service
For the initial period of investment management services, the fees are calculated on a pro rata basis.
The Investment Management Agreement between Apexium and the client will continue in effect
until terminated by either party pursuant to the terms of the agreement. Our fees are prorated
through the date of termination and any remaining balance is charged or refunded to the client, as
appropriate.

Clients may make additions to and withdrawals from their account at any time. Additions may be in
cash or securities provided that we reserve the right to liquidate any transferred securities or decline
to accept particular securities into a client’s account. Clients may withdraw account assets on notice
to Apexium, subject to the usual and customary securities settlement procedures. However, we
design our portfolios as long-term investments and the withdrawal of assets may impair the
achievement of a client’s investment objectives. We may consult with clients about the options and
ramifications of transferring securities. However, clients are advised that when transferred securities
are liquidated, they are subject to transaction fees, fees assessed at the mutual fund level (i.e.,
contingent deferred sales charge) and/or tax ramifications.

If assets are deposited into or withdrawn from an account after the inception of a month, the fee
payable with respect to such assets will be adjusted or prorated based on the number of days
remaining in the billing period.

Other Fees and Expenses
Our advisory fees are exclusive of and in addition to various other fees and expenses that may be
borne by a client, where applicable to the client, including without limitation brokerage
commissions, transaction fees, mutual fund sales loads, 12b-1 fees and surrender charges, individual
...

Item 7 - Types of Clients
Apexium generally provides investment advice to individuals, defined contribution plans, trusts,
estates, charitable organizations, corporations and business entities. Client relationships vary in
scope and length of service. We have clients located throughout the United States, expatriates and
U.S. citizens living abroad.

                                        Apexium Financial LP
                                         Form ADV Part 2A

As a condition for starting and maintaining a relationship, we generally impose a minimum portfolio
size of $500,000. We may, in our sole discretion, accept clients with smaller portfolios based upon
certain criteria including anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related accounts, account composition, pre-existing client,
account retention and pro bono activities. We only accept clients with less than the minimum portfolio
size if, in our sole opinion, the smaller portfolio size will not cause a substantial increase of
investment risk beyond the client’s identified risk tolerance. We can aggregate the portfolios of
family members to meet the minimum portfolio size.

Depending upon circumstances, we may sign an hourly agreement with a client if assets have
diminished significantly below the minimum threshold. Other exceptions will apply to employees of
Apexium and their relatives, or relatives of existing clients.