Asset Advisors Investment Management LLC

Item 5 - Fees and Compensation

Our investment advisory and financial planning fees are set forth in a written agreement with our
clients. Our typical investment advisory fee is 1% of a client’s assets under management. A few
clients pay fixed fees rather than fees that are a percentage of the client’s assets under
management. Our minimum annual fee is $3,000. Fees are potentially negotiable. Fees are
waived for a few founding principals’ family accounts.

For clients with no assets under management, financial planning services are provided for a fixed
fee that is subject to negotiation, takes into account the complexity and scope of services to be
provided, and is memorialized in the client agreement. Financial planning fees will be billed
annually or quarterly, based on the client’s agreement, in arrears, through direct invoice.

If the advisory fee is based on a percentage of the value of assets under management, the
advisory fee is payable quarterly in arrears, based on the period ending net asset value of the
client’s account on the last day of the previous quarter. Cash, cash equivalents, and accrued
interest are included in the market value on which our fee is assessed.

For the initial quarter, the advisory fee is payable on a pro rata basis, in arrears, based on the
period ending net assets under management at the end of such initial quarter. The advisory fee
charged by the Firm will apply to all the client’s assets under management, unless specifically
excluded in the client agreement. For both the initial and subsequent quarters, we make an
adjustment for contributions and withdrawals made during the quarter of $10,000 or larger.

Clients have five (5) business days from the date of execution of the client agreement to
terminate the services without any fee. The investment advisory or financial planning agreement
terminates at will by either Asset Advisors or the client upon written notice. Asset Advisors
does not impose termination fees when the investment advisory relationship ends. Any
management fee earned through the time of termination will be payable upon invoice.

Most Clients with assets under management authorize the custodian holding their securities to
deduct our management fee directly from their account upon our instruction. The custodian will
not determine whether the fee is properly calculated. Clients are sent invoices at the same time
we request payment from the custodian. The custodian provides monthly or quarterly account
statements to the clients, which reflect all fee payments to Asset Advisors. A limited number of
clients pay our fee directly by check. Clients are urged to review the information in their
custodial statement and compare it to any reports received from Asset Advisors.

Our fees are for investment management or financial planning only and do not include any
transaction fees, brokerage commissions or other costs associated with the purchase and sale of
securities, custodian fees, wire-transfer fees, interest, taxes, or other account expenses. All fees
paid to Asset Advisors for investment advisory services are separate and distinct from the fees
and expenses charged by mutual funds or in conjunction with internal expenses associated with
ETFs. Investment companies (mutual funds, ETFs, and private investment funds) in which a
client’s assets may be invested, and external managers of separately managed accounts, charge
additional management fees and other expenses as described in the fund’s prospectus, private
offering memorandum, or Form ADV 2A brochure, as applicable. Asset Advisors does not
receive any portion of these fees. Please see Items 10 and 12 for further information.

In all accounts, for marketable securities, the prices provided by custodians or, if unavailable, by
publicly available sources, are used for client reporting and fee billing. Asset Advisors does not
independently value any private securities held in client accounts. The financial information
provided on a regular reporting basis by the issuer of private securities will be used as the basis
for client reporting and billing. This valuation is determined independently of Asset Advisors.

Asset Advisors does not receive any compensation from SCS in connection with assets that our
clients place in SCS’s pooled investment vehicles. Asset Advisors’ clients are not advisory
clients of and do not pay advisory fees to SCS. However, our clients bear the costs of SCS’s
investment vehicle or vehicles in which they are invested, including any management fees and
performance fees payable to SCS.

The allocation of Asset Advisors client assets to SCS’s pooled investment vehicles, rather than to
an unaffiliated investment manager, increases SCS’s compensation and the revenue to Focus
LLC relative to a situation in which our clients are excluded from SCS’s pooled investment
vehicles or invested in an unaffiliated third party’s pooled investment vehicles. As a
consequence, Focus LLC has a financial incentive to cause us to recommend that our clients
invest in SCS’s pooled investment vehicles.

We offer clients the option of obtaining certain financial solutions from unaffiliated third-party
financial institutions through UPTIQ Treasury & Credit Solutions, LLC (together with UPTIQ,
Inc. and its affiliates, “UPTIQ”). Focus Financial Partners, LLC (“Focus”) is a minority investor
in UPTIQ, Inc. UPTIQ is compensated by sharing in the revenue earned by such third-party
financial institutions for serving our clients. The revenue paid to UPTIQ also benefits UPTIQ,
Inc.’s investors, including Focus, our parent company. When legally permissible, UPTIQ also
shares a portion of this earned revenue with our affiliate, Focus Solutions Holdings, LLC
(“FSH”). For securities-backed lines of credit (“SBLOCs”) made to our clients, UPTIQ will
share with FSH up to 75% of all revenue it receives from such third-party financial institutions.
...

Item 7 - Types of Clients

Asset Advisors provides advisory services to high-net-worth individuals and other individuals,
charitable organizations, pension and profit-sharing plans, and corporations.

Generally, our relationships involve managing $1 million or more for a client or their family.
We are not short-term oriented in performance return or client relationships. We invest with a
long-term orientation. We are blessed with clients that share the objective of preserving wealth
and growing assets over the long-term. We strive to always merit client trust in caring for their
investment assets.