Carbahal Olsen Financial Services Group LLC

Item 5 – Fees and Compensation

Financial Planning and Consultations
We charge fees for financial planning or consultation services at a rate of $75 - $350 per hour or for
a fixed fee of $250 - $1500 per plan.

Fees are negotiable based on the services you request, the complexity of your situation, the advisor
providing the services, and consultations with other professionals that may be needed.

If we are billing on an hourly basis, we will provide you with an estimate of the hours needed to
complete the requested plan. If the hours required to complete the plan will exceed our estimate,
we will contact you prior to proceeding with any additional work. Both fixed and hourly fees are
due upon the presentation of an invoice after the plan or consultation is completed. You have the
option to pay your fees to COFS by check, credit card or deduction from an existing account under
COFS management.

Asset Management Services
Asset Management Fees
The management fee for individual accounts is based on a percentage of the value of your assets
under management. The exact fee will be specified on “Exhibit A Schedule of Fees” of your Asset
Management Agreement with COFS. The range of fee rates for this service is as follows:

                                        Standard Program             Annuity Program
              Account Value
                                          Flat Fee Range             Maximum Flat Fee
          $50,000 - $250,000               1.00 – 1.75%                  Up to 1.00%
          $250,001 - $499,999              0.85 – 1.60%                  Up to 0.90%
          $500,000 - $999,999              0.65 – 1.40%                  Up to 0.80%
          $1,000,000 - $2,499,999          0.40 – 1.15%                  Up to 0.70%
          $2,500,000+                Contact COFS for pricing

The fee rates in the listed schedule are flat rate fees, which means that the rate chosen and detailed
in the Asset Management Agreement for each client account is the rate for the entire account
balance of the account and does not vary when the value of the assets in the account fluctuates. If
you and COFS agree to change the rate on your account(s), the rate change will be detailed in an
updated and signed Schedule of Fees.

Management fees are automatically deducted from the account quarterly in arrears and are
prorated for deposits and withdrawals that occur during the billing period. We provide you with a
quarterly statement that includes a billing invoice detailing the charges. This invoice shows:
   • the amount of fees for the prior quarter,
   • the value of the assets on which the fees were calculated,
   • the manner in which the fees were calculated,
   • any adjustment to the fees, and
   • an explanation of any adjustments.

Fees are negotiable based on the amount of assets to be managed, services you request, the
complexity of your situation, the advisor providing the services, and consultations with other
professionals that may be needed.

We urge you to verify the accuracy of the fee that is deducted from your account. The custodian of
your account does not determine whether or not the fee is properly calculated.

Other Fees
In addition to the management fees assessed by COFS, your account may incur other fees and
expenses such as, but not limited to:

Mutual Fund Fees
The mutual funds we choose for our portfolios are no-load or load-waived funds purchased at net
asset value, which means you pay no sales commissions when we trade these funds in your account.
However, there other fees associated with mutual funds. These fees include internal fees and
expenses (the details of which are available in each fund’s prospectus), and short-term redemption
fees of up to 2.0% on the principal balance of certain funds if they are sold within one to six months
of their original purchase.

Brokerage Transaction Fees
Fidelity charges brokerage fees for certain stock, bond, and ETF transactions. These fees are
higher for clients that choose paper rather than electronic delivery of their account
statements from Fidelity. Fidelity also charges a $25 transaction fee on trades for mutual funds
not on Fidelity’s No Transaction Fee (“NTF”) list. COFS uses Transaction Fee (“TF”) funds only when
we believe there is not an appropriate NTF fund for a particular asset class or sector in a model
portfolio. We may, at our discretion, reimburse you for brokerage transaction fees you incur.

Custodial Fees
Fees other than brokerage fees may be charged by Fidelity. These fees, such as custodial
maintenance fees, retirement recordkeeping fees, wire transaction fees and account termination
fees, are disclosed in Fidelity’s customer agreement documents.

We do not share in any fees charged by mutual funds, account custodians, or broker-dealers. Lower
fees for comparable asset management or financial planning services may be available from other
sources.

Item 12 “Brokerage” contains information about the factors we consider in selecting or
recommending broker-dealers and determining the reasonableness of their compensation.

Item 7 – Types of Clients

COFS provides portfolio management services to individuals, high net worth individuals, small
businesses, and pension and profit-sharing plans. The minimum investment to open a new account
is $50,000, although the Chief Investment Officer may waive this requirement at his discretion. You
can bundle household accounts together to reach the minimum investment requirement.

We require accounts in our management programs to be custodied and maintained by Fidelity
Investments through FIWS, FITSCo, or FILI. See Item 12 for more details about our brokerage
practices.