Ciccarelli Advisory Services Inc

ITEM 5 – FEES AND COMPENSATION

                                     INVESTMENT ADVISORY

We offer investment advisory and financial planning services to individuals, families, trusts,
estates, charitable organizations, pension and profit-sharing plans, corporations, and business
entities other than those listed above with fees paid on a percentage of assets managed. Full
disclosure, including services rendered and fee schedules, is provided to you at the time of
presentation by delivering a copy of all disclosure documents and Form ADV Part 2A as filed with
the SEC, and Part 2B, and the CAS Client Relationship Summary (“CRS”). When establishing an
account relationship, we obtain financial data from you, assist you in determining a suitable
investment objective and asset allocation design, and base our recommendations on your
specific goals and situation.

As a Ciccarelli Advisory Services client you may also utilize securities or insurance investments
pursuant to the plan or consultation. Our Advisory Associates may receive compensation as
Registered Representatives offered through our broker/dealer affiliation or insurance agency
relationship in connection with such transactions. Specific courses of action that we suggest may
represent a potential conflict of interest as additional compensation may be provided to our
advisors.

Your advisory fees are typically assessed based on assets under management or an agreed-upon
flat fee. Fees are set forth in the advisory agreement with a maximum annualized fee of 1.25%
but are negotiated on an individual, client- by-client basis, and may be less as determined by your
relationship with us. CAS generally bills on a quarterly basis based on the market value of your
assets and accounts, subject to billing as of the last day of the month of the previous quarter. For
certain accounts CAS may bill in advance, other accounts may be billed in arrears. CAS relies on
data received from qualified custodians to determine the market value of accounts to be billed.

Clients also have the ability to pay a negotiated fixed fee or hourly fees for services, subject to
mutual agreement between you and CAS. Fees are generally deducted from client-designated
accounts by your custodian.

You can terminate the advisory relationship by written notice provided in accordance with the
client’s advisory agreement. If your advisory relationship is terminated, any fees for services not
yet provided will be refunded to you.

You are under no obligation to utilize products or services recommended by us or members of
our Firm.

                                 Additional Fees and Expenses

The maximum fee you pay will be based on the cumulative total of your accounts set up under
an Advisory Program. Related accounts may be linked for fee debiting purposes if we mutually
agree. In some cases, certain assets may be excluded from the fee calculation, and/or fees may
be reduced. This decision is made directly by the Advisor Associate and approved by Ciccarelli
Advisory Services, taking into consideration the relationship with you and the services provided
by us.

You may terminate the Advisory Agreement without penalty within five (5) business days of
entering into the contract. Thereafter, the agreement may be terminated by either you or us, in
writing, and refunds will be made on a prorated basis depending upon the services performed.

Mutual fund investments in the programs that we offer are no-load or load at NAV*. Your mutual
fund investments may be subject to early redemption fees, 12b-1 fees, and mutual fund
management fees as well as other mutual fund expenses. These fees are in addition to the fees
and expenses referenced above. Please review the mutual fund prospectus for full details.

Some of the accounts that we offer you, in addition to the per-trade transaction charges
referenced above, may be subject to per-trade confirmation fees as disclosed on your trade
confirmations. Additional fees may apply in programs for trade confirmations that you do not
elect to receive electronically. Certain transactions may incur charges levied by the custodian as
well.

There may be additional fees relating to accounts that you may incur such as maintenance and
termination fees. You will find these fees disclosed in the account application paperwork
provided to you as associated with these programs.

Please be aware that you are under no obligation to purchase products or services recommended
by us or members of our Firm in connection with providing you with any advisory service that we
offer.

*NAV (Net Asset Value): the price of one share of a mutual fund or ETF calculated by dividing the total value of all
           the securities in its portfolio, less any liabilities, by the number of fund shares outstanding

                          FINANCIAL PLANNING AND CONSULTING SERVICES

We may charge for financial planning services on a one-time basis; charge a quarterly fee; or
charge an agreed upon specified fee with a minimum fee of $2,500 for the initial review and
analysis. Fees are negotiable and will vary depending upon the complexity of your situation and
services to be provided to the extent specifically requested by you. We do not charge fees based
on capital gains or capital appreciation of your investments nor do we charge fees based upon
your total net worth.

We may be engaged to complete a specific project for an existing or new client or a
consultation for a law firm, CPA firm, or insurance agency. Fees are due and payable upon
completion of the work and presentation of an invoice.

                               RETIREMENT PLAN CONSULTING SERVICES

The fee for services may be charged either at a pre-determined hourly rate, a fixed fee,
or based upon the value of the plan assets on a pre-determined date. The exact fee will be
negotiated in advance of services rendered and shall be clearly set forth in the Ciccarelli Advisory
...

ITEM 7 – TYPES OF CLIENTS

Our Advisory Associates generally provide financial planning and investment advisory services
to:

   •   individuals
   •   families
   •   trusts
   •   estates
   •   corporations
   •   pension and profit-sharing plans
   •   donor-advised funds
   •   charitable entities
   •   non-profit organizations
   •   other business entities