Bass and Bell Inc

Item 5 - Fees and Compensation

General Fee Information
Fees paid to the Adviser are exclusive of all custodial and transaction costs paid to the client’s
custodian, brokers or other third party consultants. Please see Item 12 – Brokerage Practices for
additional information. Fees paid to the Adviser are also separate and distinct from the internal fees
and expenses charged by mutual funds, exchange traded funds (“ETFs”) or other investment pools to
their shareholders (generally including a management fee and fund expenses, as described in each

fund’s prospectus or offering materials), mark-ups and mark-downs, spreads paid to market makers,
fees for trades executed away from the custodian, wire transfer fees and other fees and taxes on
brokerage accounts and securities transactions. The client should review all fees charged by funds,
brokers, the Adviser and others to fully understand the total amount of fees paid by the client for
investment and financial-related services.

Portfolio Management Fees
Portfolio management fees are individually negotiated with each client, are based on a percentage of
assets under management, and are generally subject to a maximum fee of 0.9%, depending on the
level of engagement. The specific advisory fees will be identified in the investment advisory
agreement between the client and the Adviser.

Portfolio management fees are generally payable quarterly, in advance. If management begins after
the start of a quarter, fees will be prorated accordingly. Fees are normally debited directly from client
account(s), unless other arrangements are made.

Either the Adviser or the client may terminate their investment advisory agreement at any time,
subject to any written notice requirements in the investment advisory agreement. In the event of
termination, any paid but unearned fees will be promptly refunded to the client based on the number
of days that the account was managed, and any fees due to the Adviser from the client will be invoiced
or deducted from the client’s account prior to termination.

Financial Planning Fees
When the Adviser provides financial planning services to clients, these fees generally will be included
in the portfolio management fees. The Adviser generally does not provide financial planning services
on a stand-alone basis.

Retirement Plan Consulting Fees
In connection with its retirement plan consulting services, the Adviser charges annual asset-based
fees in accordance with the annual fees described above. Negotiated fees are generally based on the
value of the plan’s assets and the complexity of the plan. Fees are normally debited directly from
client account(s), unless other arrangements are made.

Fees for Services to Retirement and Pension Plan Participants
When the Adviser provides investment advice to plan participants as a non-discretionary fiduciary,
these fees are negotiated with each plan participant at the time of the engagement for such services
and are normally based on the scope of the engagement.

Other Compensation
Insurance Disclosure: Certain employees of the Adviser are also licensed to sell insurance products.
In providing financial planning and other related advisory services, these individuals may
recommend the purchase of products under circumstances where they would be entitled to receive
a commission or other compensation in the transaction. In all such circumstances, however, the
client will be notified of this payment in advance of the transaction, and under no circumstances will
the client pay both a commission to an employee of the Adviser for an insurance product and a
management fee to the Adviser on the same pool of assets.

Item 7 - Types of Clients

The Adviser serves individuals, including high net worth individuals, corporations, foundations,
retirement plans, retirement and pension plan participants, and other entities.