Asset Consulting Group LLC

Item 5 - Fees and Compensation

A. Description of Fees

     ACG charges retainer fees that are based on estimates of time, complexity and scope of services to be
     provided, necessity and frequency of travel and personal meetings, asset size and number of client
     portfolios being evaluated. Retainer fees may increase as a result of the types of assets included in client
     portfolios, the number of portfolios being analyzed, their complexity, and estimates of extraordinary time
     requirements for client servicing. Retainer fees may be structured as a percentage of assets under
     consultation or on a fixed fee basis. Fees are negotiable.

     ACG may also be employed on a project basis. Fees for specialized consulting projects, or any singular
     above-described service, such as asset allocation or investment manager searches, are based upon
     estimates of time, project complexity, necessity and frequency of travel and personal meetings.
B.   Method of Billing

     ACG bills clients directly for services rendered. Fees are billed quarterly in arrears. However, project basis
     fees are billed after services have been provided.

     ACG’s services may be terminated by either party upon thirty (30) days written notice. Fees for the
     quarter in which termination of service occurs will be prorated from the date of termination.

C. Other Fees and Expenses

     ACG’s retainer fee only covers the cost of our consulting services. Each client will bear all of its own investment
     expenses, both as incurred directly and indirectly through investing in funds or with investment managers,
     including interest, custody and brokerage fees and the fees, expenses and profit participations of custodian,
     investment managers, investment funds and any other service providers that the client may utilize.

100% of ACG’s revenues are earned from investment consulting fees and paid directly by the client to
ACG. Neither ACG nor any of its employees derive any revenue or receive any compensation as a result
of arrangements with investment managers, investment funds or broker-dealers.

Item 7 - Types of Clients

ACG provides general consulting services to taxable and tax-exempt investors such as trusts, endowments,
foundations and other non-profit corporations, insurance company reserves, and corporate, public, Taft-
Hartley employee benefit plans, high net worth individuals, single and multi-family offices and other advisors.
Our Clients range in size from approximately $50 million to several billion dollars, with the average client
having investable assets in the $500 million to $600 million range.