Cogent Private Wealth Inc

Item 5 Fees and Compensation

Pursuant to an Investment Advisory contract signed by each client, the client will pay Cogent an
annual management of 0.50% on the first $5 million of assets under management. Cogent waives
fees on assets under management from $5,000,001 to $20 million. Cogent charges an annual
management fee of 0.10% on assets under management over $20 million in addition to the fee on
the first $5 million. Cogent has a minimum investment management fee of $5,000. If a client’s
investment assets are below the level needed to meet the minimum fee based on Cogent’s standard
fee schedule, they will be charged the minimum fee, as long at the fee does not exceed 2% of assets
under management.

The annual fee is payable quarterly in arrears and is based on the daily market value of portfolio
assets during the quarter. New account fees will be prorated from the inception date of the account
to the end of the quarter. The fee may be negotiated by Cogent at its sole discretion.

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Cogent’s ERISA Section 3(38) fiduciary investment services fee also uses this investment
management fee structure.

The client will give written authorization permitting the Advisor to be paid directly from their
account held by the custodian, and the custodian will send a statement at least quarterly to the client.
Where it is not practical to deduct fees directly from client accounts, client will be sent an invoice
at the end of each quarter. The invoice is payable upon receipt.

Pension Consulting Service Fees
Pursuant to a retirement plan services agreement for 3(21) fiduciary services signed by each client,
the client will pay Cogent an annual management fee of 0.25%, payable quarterly in arrears, based
on the market value of the plan assets on the last business day of the month at the end of the quarter.
New client agreement fees will be prorated from the agreement inception to the end of the first
quarter. Cogent will provide an invoice for the fee to the recordkeeper of the plan, and the plan
sponsor will authorize the recordkeeper to deduct the fee from the participants’ accounts and remit
the fee to Cogent. The fee may be negotiated by Cogent at its sole discretion.

Fixed Fees
Cogent will charge a fixed fee for financial planning and consulting services as contracted with the
client. The fixed fee is calculated based on the expected time the financial planning and consulting
services will take Cogent Private Wealth to complete with the client multiplied by the hourly rate of
$450 per hour. The minimum annual fixed fee for financial planning and consulting is $4,000.

Fixed fees may be negotiated at the sole discretion of the Advisor. The fixed fees are divided into
four quarterly invoices which are delivered at the end of each quarter. Payment is due upon receipt.

Cash Management Strategy Fees
For clients that utilize the cash management strategy offered by Cogent, the client will pay Cogent
an annual management fee of 0.30% on the first $2 million of assets under management, 0.20% on
the next $3 million of assets under management, and 0.10% on assets under management over $5
million. Cogent has a minimum cash management fee of $2,000. If a client’s investment assets are
below the level needed to meet the minimum fee based on Cogent’s standard cash management fee
schedule, they will be charged the minimum fee, as long at the fee does not exceed 1% of assets
under management.

The annual fee is payable quarterly in arrears and is based on the daily market value of portfolio
assets during the quarter. New account fees will be prorated from the inception date of the account
to the end of the quarter. The client will give written authorization permitting the Advisor to be paid
directly from their account held by the custodian, and the custodian will send a statement at least
quarterly to the client.

For each of the Advisor’s services described above, the Client may terminate these services within
five business days of the effective date of an Agreement signed with the Advisor without any
payment of the Advisor’s fee.

All fees paid to Cogent for investment advisory services are separate and distinct from the expenses
charged by mutual funds to their shareholders. These fees and expenses are described in each fund’s

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prospectus. These fees will generally include a management fee and other fund expenses. Client is
responsible for all custodial and securities execution fees charged by the custodian and executing
broker-dealer. The Advisor’s fee is separate and distinct from the custodian and execution fees.

At no time will Cogent accept or maintain custody of a client’s funds or securities except for
authorized fee deduction.

Neither Cogent nor its supervised persons accept compensation for the sale of securities or other
investment products, including asset-based sales charges or service fees from the sale of mutual
funds or commissions from insurance products.

Item 7 Types of Clients

The Advisor will offer its services to individuals, trusts, estates, charitable organizations,
corporations, and other business entities.

The Advisor does not have any minimum requirements for opening or maintaining an account.