BNY Mellon Advisors Inc

Item 5 Fees and Compensation

You do not directly pay any fee for participating in the Service. If you decide to hire an Advisor referred
by the Service, you will pay fees to that Advisor based on the terms and conditions of any investment
management and advisory agreements between you and the Advisor. Advisory fees may vary according to
several factors, including, but not limited to, the advisory product(s) selected, account size, type and
servicing requirements. Advisory fees may be negotiable with some Advisors. Fees will be disclosed in
the Advisor’s Form ADV, Part 2A Brochure. We are not acting as a fiduciary or providing investment
advice within the meaning of the Employee Retirement Income Security Act of 1974, or the Internal
Revenue Code, or regulations thereunder with respect to your account as a result of the Service.

As described below, Advisors pay referral fees to BNYA to participate in the Service. The referral fees are
separate from (i) any advisory fees you pay to an Advisor, (ii) any fees you pay to BNYA for investment
management services, (iii) any fees paid to affiliates of BNYA, including PAS and/or Pershing for
brokerage and custody services, and (iv) any other fees for products or services you pay to any other BNY
affiliate, including any fees/expenses related to mutual funds or exchange-traded funds that are advised or
sub-advised by an investment advisory affiliate of BNYA. Advisors have agreed that the fees paid by the
Advisor to BNYA pursuant to the Service will not impact the fees that the Advisor charges a referred client.
Please refer to the Advisor’s Form ADV, Part 2A Brochure for information regarding the fees charged by
the Advisor or discuss any questions you may have regarding fees that you will pay directly with the
Advisor.

Advisors pay referral fees to BNYA for each client referral pursuant to the agreement between BNYA, PAS
and each Advisor (“Referral Agreement”). The Referral Agreement provides that the Advisor will pay
BNYA an annual $50,000 participation fee (“Participation Fee”) to participate in the Service and an annual
asset-based fee of up to 0.30% calculated based on the value of the assets in a referred client’s accounts
opened or maintained with PAS and custodied at Pershing, that are managed or advised pursuant to an
investment advisory agreement between that Advisor and a client or that client’s household members, which
includes such client’s spouse, children and any other family member sharing the same residence address as
the Advisor’s client (collectively, “Client Accounts”). In the event that an Advisor or BNYA terminates the
Referral Agreement prior to the end of a full calendar year, the Participation Fee is prorated based on the
number of completed quarters in which the Referral Agreement was in effect for such year, but the
Advisor’s obligations to pay the asset-based fee will remain in effect. In addition, each Advisor has agreed
to pay BNYA a one-time fee of 0.75% (the “Buy-out Fee”) if an Advisor’s client transfers custody of the
assets held in Client Accounts to a financial institution not affiliated with BNYA. The Buy-out Fee creates

a financial incentive for Advisors to encourage clients to maintain custody of their assets with affiliates of
BNYA rather than transferring custody to another financial institution. If you terminate your advisory
agreement with an Advisor, the Advisor will have no ongoing obligation to pay BNYA referral fees with
respect to your Client Accounts. Under certain circumstances, BNYA can waive or reduce the referral fees
payable to BNYA by an Advisor.

Item 7 Types of Clients

The Service is generally available to current and prospective clients who wish to be referred to an Advisor
for assistance with their investment needs. In order to participate in the Service, you must be a resident of
the United States, typically reside in the United States, and have a valid U.S. taxpayer identification number.
We reserve the right to terminate your participation in the Service (or limit your rights to access any or all
account features, products, or services) for any reason. The Service is not available to foreign investors,
non-U.S. trusts, and government entities as defined by the SEC’s “pay-to-play” rule according to Rule
206(4)-5 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). These include
federal, state, or local governments, boards, commissions, public schools, colleges, universities, hospitals,
health care organizations, and public entity retirement plans, such as Internal Revenue Code sections
403(b), 401(a), and 457 plans.