Blair Hall Advisors LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

The Firm has Legacy Clients who receive services under agreements with fees no longer on offer by
the Firm.

Comprehensive Portfolio Management, Percentage of Assets Charged:

Unless otherwise agreed on with you, on an annualized basis, our firm’s fees for our Comprehensive
Portfolio Management service are as follows:

                                      Annual Fee As % of Assets
                 Assets Under Management           Annual Percentage of Assets Charge
                     Up to $1,000,000.00                        1.50%
                  Additional Amounts from:
                                                                1.00%
               $1,000,000.01 to $10,000,000.00
                     Additional Amounts:
                                                                0.75%
                    Above $10,000,000.00

Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the value of a
client’s account on the last day of the previous quarter as determined by an independent qualified
custodian. For the first period of time that an account exists, which is almost always a fraction of a
calendar quarter, that time period will be billed retroactively rather than in advance, using the
account value from when an account is first fully funded, or using the account value from the end of
the quarter in which the account is fully funded, at our discretion, and prorated based upon the
number of days in that first period of time. The start date is determined as follows:

        i.    If an account is established as part of our initial working relationship, the date the client
              enters into a Master Services Agreement with us is used as the start date or a later date,
              at our discretion.
       ii.    If an account is established to be under our management subsequent to the starting
              period of our working relationship, the start date for that account is the date that the
              paperwork is signed that notifies the custodian of our authority. If such an account is not
              with our custodian, we shall use the date that you granted us authority in any written
              means, which may be by email, or a later date, at our discretion.

Please note that clients may not assign accounts to our authority before an agreement is executed. If
a client inadvertently does assign accounts to us too soon, fees shall not begin before a contract is
executed.

Our firm’s fees will be automatically deducted from client’s managed account(s) held by custodians
with whom we have a direct relationship. Direct billing will only be available for accounts that are
held by custodians that do not permit deductions. For avoidance of doubt, margin balances are
disregarded.

ADV Part 2A – Firm Brochure                      Page 8                                 Blair Hall Advisors, LLC

If at any point we manage accounts where direct billing is necessary, invoices will be sent via email
only (subject to an email opt-out provision, detailed in client agreements). Amounts not paid within
30 days will be subject to 1.5% per month interest from date of invoice. We may amend these late
payment terms with thirty days’ notice, with notification via email or otherwise.

Except as provided in the following sentence, client accounts are also subject to a minimum quarterly
fee of $8,750, which is equivalent to our standard percentage fee applied to an account of $3,000,000.
Client accounts that start with or move to having a partner-level resource (e.g., our Managing Partner,
Thomas Gerson) as their primary advisor are, instead, subject to a higher minimum quarterly fee of
$13,750, which is equivalent to our standard percentage fee applied to an account of $5,000,000,
where such minimum is not automatically reduced if subsequently a non-partner-level resource is
able to serve as primary advisor. The definition of “primary advisor” is at our discretion.

When comprehensive portfolio management clients request, and we agree, we will facilitate and
provide formal (written) financial modeling and/or planning. For this financial modeling/planning,
the fee for the first twenty (20) hours of this service will be deferred until the end of the twelfth
month following provision of planning services and, if such payment does not become due by such
date, it shall be waived. Fees for services exceeding twenty (20) hours are not deferred and are
charged at the hourly rate in effect at that time service is provided for the individual providing the
service. If a client ceases to remain a client for such twelve-month period, any deferred fee shall
become due and is not waived and will be charged in full, based on our hourly rate in force at the time
and the time we spent on the client’s planning, whether completed or not, payable within 30 days or
debited against any pro-rata refund due, or a combination.

For complex situations, such as international clients, we may not have a maximum percentage fee
and instead will have a negotiated fee. We may also increase your minimum fee in the future,
pursuant to our regular process for changing fees. Notwithstanding the foregoing, we may, at our
discretion, agree to a lower fee for some of our clients, and we and our international or other clients
with complex circumstances may agree to a greater fee.

Account deposits of more than $100,000 can increase the complexity of our work and will result in
an incremental fee, at our rates above, for the immediate fractional quarter rather than waiting to
impact fees until the start of the next quarter. Any such incremental fee shall be based on the deposit
amount for that initial fractional quarter. Any such incremental fee will be due immediately at the
beginning of the next quarter, when fees are generally paid in advance. In this fashion fees are still
only collected once a quarter.
...

Item 7: Types of Clients & Account Requirements

We have or may have the following types of clients:
    Individuals and High Net Worth Individuals
    Trusts, Estates or Charitable Organizations
    Corporations, Limited Liability Companies and/or Other Business Types

Our requirements for opening and maintaining accounts or otherwise engaging us:
    We require an account balance of $5,000,000 for our Comprehensive Portfolio Management
       for retired clients new to our firm. We require an account balance of $3,000,000 for
       individuals and families in the accumulation stage. This minimum account balance is
       negotiable at the discretion of our firm. A minimum fee will apply as outlined in Item 5 of this
       brochure.
    Clients who do not maintain 90% or more of their investment assets, as outlined in Item 5 of
       this brochure, are subject to the Firm’s Non-Exclusive Minimum Fees, also outlined in Item of
       this brochure.
    Usually, we work as a client’s only advisory firm, in order to maximize our benefit to clients,
       and any investment assets we do not manage must remain self-directed, as outlined in Item
       5 of this brochure.
    We reserve the right to decline to work with any client for any reason.