Berger Financial Group Inc

Item 5: Fees and Compensation

Assets Under Management (AUM) Fees: Berger Financial is compensated based on a fee which
is calculated based on the value of their client’s assets under management on the last day of the
previous month or quarter. Clients are billed in advance or arrears on a monthly or quarterly
basis and fees can be pro-rated. Advisory fees paid in advance on clients that terminate during
the billing period are not reimbursed fees that are equal to or less than $25.00.
Clients are charged the fee set forth in the applicable client agreement which ranges from .25%
to 2.25% annually.

Financial Planning: Berger is compensated for financial counseling, tax preparation and planning
and advisory services either by negotiated fixed fees or hourly charges. In either case the services
and fees are specified in an agreement between the client and Berger. Berger negotiates terms
of advisory agreements with clients on a case-by-case basis. Fees are determined based on the
nature of the services being provided and the complexity of each client’s circumstances. Fees
are paid in advance or arrears on a monthly or quarterly basis as indicated in the financial
planning agreement. Fees for these services can be charged in addition to AUM fees depending
on the terms specified in a client’s advisory agreement.

Clients select to deduct fees from client accounts or pay fees directly. Berger Financial has the
right to charge fees to clients that are more or less than those outlined above, and which may be
payable on different terms. An advisory agreement may be canceled at any time by either party,
for any reason upon receipt of written notice. Upon termination any prepaid, unearned fees will
be refunded as pro-rated based on the time and effort expended by Berger Financial prior to
termination.

Negotiability and Variability of Advisory Fees: Although Berger Financial has established flat and
tiered advisory fee schedule(s), we retain the discretion to determine the appropriate advisory
fee on a client-by-client or account-by-account basis. Berger Financial considers each client’s

                                      Berger Financial Group

facts, circumstances, and needs in determining the fee schedule. These considerations include:
the complexity of the client’s assets to be placed under management, additional assets
anticipated, or prior assets received, portfolio style and account composition, reporting
requirements, and other facts. The specific annual advisory fee is identified in the contract
between Berger Financial. Each client may pay more or less than fees charged to a substantially
similar client. Certain accounts have been grandfathered with previously established fee
schedules. Discounted fees are offered to certain family members and friends of persons
associated with our Firm.

Advisory clients are subject to Berger Financial’s minimum account requirements and advisory
fees in effect at the time the client entered the advisory relationship. Therefore, our minimum
account requirements and fees differ among clients.

Other Adviser Fees: All fees paid to Berger Financial for investment advisory services are
separate and distinct from the fees and expenses that may be charged by mutual funds and/or
ETFs. These fees and expenses are described in the prospectus and generally include a
management fee and other fund expenses. Accordingly, the client should review both the fees
charged by funds and/or ETFs held within their account and our fees to fully understand the total
amount of fees to be paid and to thereby evaluate the services being provided.

In addition, mutual funds and custodians can restrict, impose redemption fees, short term
transaction fees, or refuse to accept trades placed by Berger Financial if investments are owned
for a period of time (i.e., held less than 30-90 days depending on the custodian) or for any other
reason. We must comply with any such refusals, fees, or restrictions. You are responsible for
any charges, commissions, expenses, or fees imposed by mutual funds, custodians, or ETFs as a
result of the implementation of any of our investment strategies.

Share Class Selection: When recommending investments in mutual funds, it is the Adviser’s
policy to review and consider available share classes. Selection of investment options in the
investment strategies are based upon the investment options on the custodial platform which
include no transaction fee mutual funds which are placed without broker commission. These no
transaction fee mutual funds can incur short term transaction fees if held for less than 30-90
days, depending on the custodial agreement. Custodians also receive fees paid by mutual funds
such as administrative, record-keeping and/or shareholder services fees; as well as 12b-1
distribution fees, where applicable, as authorized by rule 12b-1 under the Investment Company
Act of 1940. Custodians holding client assets are not affiliated with Berger Financial. Therefore,
the Firm is not aware of the exact fees being retained by each custodian. The Adviser’s policy for
the selection of mutual funds and the appropriate share class is based on various factors
including, but not limited to, minimum investment requirements, trade restrictions,
performance, Morningstar rankings, expense ratio and other factors. Because of these factors,
mutual funds selected are not always the ‘lowest cost’ share class. Clients may be able to obtain
lower cost share classes than those selected by the Adviser. Not all share classes are available to
a particular client or custodian. Therefore, the client will not always have access to the lowest
cost share class. Client assets invested in mutual funds should be aware that there will be two

                                       Berger Financial Group

layers of advisory fees and expenses for those assets. As a shareholder of a fund, client will pay
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Item 7: Types of Clients

As noted in Item 4, Berger Financial provides comprehensive financial and retirement planning,
portfolio wealth management, income tax services and planning, and succession planning
solutions to individuals, high net worth individuals and families, trusts, estates, businesses and
business owners, corporate executive, and retirement plans. Berger Financial does not require
an account minimum to engage our services.