Clarus Group LLC

Item 5 – Fees and Compensation
    The following paragraphs detail the fee structure and compensation methodology for services provided by the
    Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
    more written agreements with the Advisor.

    A. Fees for Advisory Services
    Investment Management Services
    Investment advisory fees are paid quarterly, in advance of each calendar quarter pursuant to the terms of the
    investment advisory agreement. Investment advisory fees are based on the market value of assets under
    management at the end of the prior calendar quarter. Investment advisory fees range from 0.50% to 2.25% annually
    based on several factors, including: the scope complexity of the services to be provided, the level of assets to be
    managed, investment approach, and the overall relationship with the Advisor. Relationships with multiple objectives,
    specific reporting requirements, portfolio restrictions and other complexities may be charged a higher fee.

    The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
    end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
    consideration the aggregate assets under management with the Advisor. In calculating the market value of a client’s
    assets, assets allocated to cash or a cash proxy, such as a money market account, will be included in the calculation
    of assets under management. All securities held in accounts managed by Clarus Group will be independently
    valued by the Custodian. Clarus Group will not have the authority or responsibility to value portfolio securities.

    The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
    other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
    Advisor shall not receive any portion of these commissions, fees, and costs.

    Financial Planning Services
    For project-based financial planning services, Clarus Group offers services at an hourly rate of up to $300 per
    hour or a fixed engagement fee. For ongoing financial planning engagements, fees are billed in advance of each
    month. Fees are negotiated based on the expected amount of time spent per month. For example, an engagement
    with 1 hour per month would be billed at $300 per month. Fees may be negotiable based on the nature and

    complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours
    and/or total costs will be provided to the Client prior to engaging for these services.

    Held-away Asset Management Services
    We provide an additional service for accounts not directly held in our custody, but where we do have discretion,
    and may leverage an Order Management System to implement tax-efficient asset location and opportunistic
    rebalancing strategies on behalf of the client. These are primarily 401(k) accounts, HSA’s, and other assets we
    do not custody. We regularly review the available investment options in these accounts, monitor them, and
    rebalance and implement our strategies in the same way we do other accounts, though using different tools as
    necessary. All clients engaging in Investment Management Services must engage in Comprehensive Financial
    Planning. This fee will be assessed and billed quarterly. Specifically, the exact amount charged is determined by
    the daily average over the course of the quarter. The current exception for this is directly-managed held-away
    accounts, which are determined by the account value at the end of the quarter. In either case, if the Adviser only
    manages your assets for part of a quarter, the charge will be prorated. The advisory fee is a blended fee and is
    calculated by assessing the percentage rates using the predefined levels of assets as shown in the above chart
    and applying the fee to the daily average of the account value or the account value as of the last day of the
    previous quarter (per the paragraph above), resulting in a combined weighted fee. For example, an account
    valued at $2,000,000 would pay an effective fee of 1% with the annual fee being $20,000 (a quarterly fee of
    $5,000). Investment management fees are generally directly debited on a pro rata basis from client accounts.
    The exception for this is directly-managed held-away accounts, such as 401(k)’s. As it is impossible to directly
    debit the fees from these accounts, those fees will be assigned to the client’s taxable accounts on a pro-rata
    basis. If the client does not have a taxable account, those fees will be billed directly to the client. Accounts
    initiated or terminated during a calendar quarter will be charged a pro-rated fee based on the amount of time
    remaining in the billing period. An account may be terminated with written notice at least 15 calendar days in
    advance. Since fees are paid in arrears, no rebate will be needed upon termination of the account.

    B. Fee Billing
    Investment Management Services
    Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at
    the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
    from the Client’s account[s] at the beginning of the respective quarter. The amount due is calculated by applying the
    quarterly rate (annual rate divided by 4) to the total assets under management with Clarus Group at the end of the
    prior quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of
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Item 7 – Types of Clients
    Clarus Group offers investment advisory services to individuals, high net worth individuals, corporations,
    pension and profit-sharing plans, trusts, and estates. The amount of each type of Client is available on Clarus
    Group’s Form ADV Part 1A. These amounts may change over time and are updated at least annually by the
    Advisor. Clarus Group generally does not impose a minimum relationship size.