Bonnie WUSZ & Associates Inc

Item 5    Fees and Compensation
                                 INVESTMENT MANAGEMENT SERVICES
                              INDIVIDUAL PORTFOLIO MANAGEMENT FEES
Our annual fee for investment management services (“IA Fee”) is based upon a percentage of
assets under management in client accounts.
Open-End Mutual Fund Strategy
For clients invested in our Open-End Mutual Fund strategy, our annual IA Fee generally ranges
from 0.75% to 1.25%.

          Assets Under Management (“AUM”)                             % of AUM

                    Under $200,000                                      1.25%

                 $200,000 - $1,999,999                                  1.00%

                $2,000,000 - $3,999,999                                 0.90%

                  $4,000,000 and over                                   0.75%

For purposes of determining the value of a client’s AUM in the Open-End Mutual Fund Strategy, the
AUM values of a client’s household (defined by BWA to be a client’s husband, wife, domestic
partner, and minor children) will be aggregated, which will potentially lower the applicable IA Fee
based on the above tiered rate schedule. This tiered rate schedule has the ability to lower, or
increase, a client’s IA Fee based on account additions or distributions of assets, and market
fluctuations. Certain BWA legacy clients (including certain family members) in this Strategy typically
have lower IA Fees than the BWA fee schedule reflected above, and in some cases are charged a flat
percentage IA Fee (i.e., no tier applies). BWA’s IA Fee for this strategy is negotiable as described
below.

BWA’s IA Fee for accounts in our Open-End Mutual Fund Strategy will be calculated by American Funds
Services Company (“AFS”) quarterly in arrears on the last business day of February, May, August, and
November. The IA Fee will be based on the average daily value of a client’s AUM during each billing
quarter, divided by the number of days in the year multiplied by the number of days in the quarter. AFS
will deduct the calculated IA Fee from clients’ accounts by redeeming mutual fund shares
proportionately for each mutual fund held within a client’s account, unless a client has specifically
elected a specific fund for fee payment. The IA Fee deduction will take place at the beginning of March,
June, September, and December. Clients should be aware that such redemptions could create a taxable
event, depending on factors such as the type of account.

ETF Strategy

The range of the annual IA Fee for this Strategy is 0.75% to 1.25%. The annual IA Fee charged will be a
flat percentage that will be negotiated with each new client in the ETF Strategy and based on the needs

and the amount of assets a client has under management with BWA at the time of account opening.

BWA’s IA Fee for accounts in our ETF Strategy will be calculated by us quarterly in arrears on the last
business day of February, May, August, and November. The IA Fee will be based on the average daily
value of a client’s managed assets invested in the strategy during each billing quarter, divided by the
number of days in the year multiplied by the number of days in the quarter. A client’s assets in the ETF
Strategy will be aggregated with a client’s other accounts at BWA for billing purposes and would result in
a fixed fee schedule for all assets.

BWA will send fee debiting instructions to each client’s custodian and the IA Fee will be debited from
their account by the client’s custodian and paid to BWA in accordance with the authorization provided
by the client in the IA Agreement entered into between the client and BWA. If there is not enough cash
in the account at the time of billing, BWA will have discretion to sell any of the ETF holdings in order to
raise cash for the payment of the IA Fee.

Additional Information about BWA IA Fees: For a new client that opens one or more managed accounts
with BWA during a billing quarter, the IA Fee will be prorated based on the number of days each account
was open during the billing quarter.

In the event that BWA’s services are terminated during a billing quarter, any earned, unpaid fees will be
deducted from the client’s account(s) upon such termination. The number of days the assets were
managed during the billing quarter until termination is used to determine the amount of the
management fee earned.

Negotiability of IA Fees: All BWA IA Fees are negotiable, and the Firm has full discretion to negotiate
alternative fees on a client-by-client basis. Certain factors will be considered in determining the IA Fee
schedule. These can include the complexity of the client’s portfolio and individual circumstances, assets
to be placed under management, net worth, anticipated future additional assets, related accounts,
portfolio style, account composition, and reports requested or required for the client, among other
factors. The specific annual IA Fee schedule or flat fee percentage, as applicable, will be identified in the
IA Agreement between BWA and each client.

BWA does not charge a minimum IA Fee, but we do have clients with different (higher and lower) fee
structures than the ones shown above. Also, BWA has in the past, and reserves the right in the future, to
waive IA Fees for certain friends and family of the Firm. BWA’s IA Fee charged to clients can be changed
upon 30 days’ notice to the affected clients.

                                          GENERAL INFORMATION

Termination of the Advisory Relationship: The IA Agreement may be terminated at any time by either
party (the client or BWA), for any reason, upon 30 days written notice to the other party.

Mutual Fund Fees: BWA invests clients in open-end mutual funds and ETFs, depending on the chosen
strategy. Each mutual fund and ETF charge fees to their investors, which are described in their
respective prospectus. Such fees usually include a management fee, administrative and operations fees,
...

Item 7    Types of Clients

BWA provides advisory services to the following types of clients: Individuals (other than high net worth
individuals); High net worth individuals; charitable organizations; corporations or other businesses not listed
above.

BWA generally requires a minimum investment of $100,000 to open an account; however, we reserve
the right to waive this minimum. We have done this in the past, and may in the future, mainly for family
members of legacy clients who are no longer minors, and firm personnel and their friends and family
members. In addition, we have in the past, and may in the future choose to aggregate other accounts of
a client to meet this minimum or make other exceptions as we deem appropriate.

When BWA provides investment advice to a client, we are deemed a fiduciary under certain federal
regulations, and within the meaning of Title I of the Employee Retirement Income Security Act and/or
the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way the
firm makes money creates conflicts of interest; however, as a fiduciary, BWA and its supervised persons
are required to always act in our clients’ best interests, which means we must, at a minimum take the
following steps:

  •   Meet a professional standard of loyalty and care when making investment recommendations.
  •   Always put our clients’ interests ahead of our own when making recommendations and providing
      services.
  •   Disclose all conflicts of interest and how the Firm addresses such conflicts.
  •   Adopt and follow policies and procedures designed to help ensure that we give advice and provide
      services that remains in each client’s best interest.
  •   Charge an advisory fee that is reasonable for our services.
  •   Not provide, or withhold, any information that could render our advice and/or services misleading.

If a client’s account is a pension or other employee benefit plan governed by the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”), BWA may be a fiduciary to the plan. In providing our
investment advisory services, the sole standard of care imposed upon us is to act with the care, skill,
prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like
capacity and familiar with such matters would use in the conduct of an enterprise of a like character and
with like aims. BWA will provide certain required disclosures to the “responsible plan fiduciary” (as such
term is defined in ERISA) in accordance with Section 408(b)(2), regarding the services we provide and
the direct and indirect compensation we receive by such clients. Generally, these disclosures are
contained in this Form ADV Part 2A, the IA Agreement and/or in separate ERISA disclosure documents
and are designed to enable the ERISA plan’s fiduciary to: (1) determine the reasonableness of all
compensation received by BWA; (2) identify any potential conflicts of interests; and (3) satisfy reporting
and disclosure requirements to plan participants.