BFSG LLC

Item 5: Fees and Compensation
How we are paid depends on the type of advisory service we are performing.

Investment Portfolio Management Fees

Our annual fees for Investment Portfolio Management Services are based upon a percentage of
assets under management and generally range from 0.25% to 1.25% depending on the scope of
the services to be provided, the investment strategies implemented (individual publicly listed
stocks versus exchange traded funds and/or mutual fund only strategies) and the complexity of
your financial situation. A total minimum fee of up to $5,500/year is required for this service. The
specific annual fee schedule and minimum fee is identified in the contract between us and you.
In a few situations, the fees can exceed 1.25% due to the minimum fee charged as a percentage
of the assets under management.

For certain clients, we charge an advisory fee for services provided to the held-away accounts
mentioned above in Item 4, just as we do with client accounts held at our primary custodians(s).
The specific fee schedule charged by us is provided in the client’s investment advisory agreement
with us.

Certain clients are charged fixed fees ranging from $300 to $3,000. This fixed fee depends on
account size (i.e., small accounts such as 529 educational plans) and the complexity of the needs
of the client (i.e., deferred retirement plan accounts). The specific fixed fee is identified in the
contract between us and you. We will not increase our fee without giving prior written
notification to you.

Limited Negotiability of Advisory Fees: We retain the discretion to negotiate fees on a client-by-
client basis and to waive minimum fees. Client facts, circumstances and needs are considered in
determining the fee schedule. These include the complexity of the client, assets to be placed
under management, anticipated future additional assets, related accounts, portfolio style,
account composition, and reports, among other factors. Discounts and/or fee waivers, not
generally available to our advisory clients, are offered to family members and friends of
associated persons of our firm. We retain the discretion to group certain related client accounts
for the purposes of determining the annualized fee and to give fee breakpoints based on the
amount of total assets in the group. BFSG seeks to develop and maintain a strong culture of client
service and responsiveness. As such, BFSG will from time to time refund the entirety, or a portion,
of a client’s fee at its discretion due to a variety of issues that fall outside of what would be
considered a trading error. Advisory fees will vary among clients and clients obtained through a
merger are subject to a different fee schedule.

Fees are payable as specified in our contract with you, within the first 10 business days of the
calendar quarter. Fees are billed quarterly in advance or quarterly in arrears as specified in our

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contract with you. You will be given an invoice at the end of each quarter for investment portfolio
management services provided. Fees are typically automatically deducted from your account
each quarter. In certain instances, such as when your account is a retirement plan, we may bill
you so as not to use assets in deferred tax accounts for fees. Fees are prorated for accounts
opened during the quarter based on the number of days that the account was open during the
quarter as specified in the contract between us and you. We do not adjust our advisory fee for
intra-period deposits or withdrawals to managed accounts.

We determine fees based on the market value of your account's assets as of the last business day
of the prior calendar quarter. We will make a good faith determination of the market value of
any security which does not have a readily ascertainable market value. In such cases, we generally
rely on valuations provided by the Fund sponsor in making our fair value determination. If no
subsequent valuation post purchase is provided by the Fund sponsor, then the valuation shall
reflect initial purchase price (and/or a value as of a previous date), the current value(s) (either
the initial purchase price and/or the most recent valuation provided by the Fund sponsor). If the
valuation reflects initial purchase price (and/or a value as of a previous date), the current value(s)
(to the extent ascertainable) could be significantly more or less than original purchase price.

Cash and cash equivalents, accrued but unpaid interest, accrued dividends, and margin balances
are included in the market value on which fees are assessed, unless otherwise specified in writing
between us and you. We consider cash and cash equivalents to be an asset class and cash
balances are included in the calculation of our fee. Our fees will be calculated based on the higher
margin value of the assets under management. (Potential for Conflict of Interest): At times your
fee will exceed the yield of various cash and cash equivalent investments. We have a disincentive
to encourage you to trim or eliminate the margin balance because we earn a higher fee. BFSG
has a fiduciary duty to provide advice consistent with your best interest.

The market value reflected on periodic account statements issued by the account custodian may
differ from the value used by BFSG for its advisory fee billing process. BFSG includes the accrued
value of certain month or quarter-end interest and/or dividend payments when calculating client
advisory fees, which amounts may not yet be reflected on the custodian statement as having
been received by the account.

If any portion of your assets is managed by independent managers, you will be responsible for
the fees of those managers, in addition to our fees. We do not control the fees or the billing
arrangements of certain selected independent managers. For a complete description of the fee
arrangement including billing practices, minimum account requirements, and account
...

Item 7: Types of Clients
BFSG primarily serves individuals, trusts, charitable organizations, family entities, and corporate
entities, including ERISA retirement plans. We retain the discretion to negotiate fees on a client-
by-client basis or waive our fee entirely based upon certain criteria (i.e., anticipated future
earning capacity, anticipated future additional assets, dollar amount of assets to be managed,
related accounts, account composition, complexity of the engagement, grandfathered fee
schedules, BFSG employees and family members, courtesy accounts, competition, negotiations
with client, etc.). Please Note: As result of the above, similarly situated clients will pay different
fees. In addition, similar advisory services may be available from other investment advisers for
similar or lower fees. BFSG’s Chief Compliance Officer, remains available to address any
questions that a client or prospective client may have regarding advisory fees.

In addition, as specified in our contract with you, we may have a minimum account fee that could
make smaller-sized accounts less economical for clients based on the nature of the service(s)
being provided.