Colin Bruce Ted

ITEM 5: FEES AND COMPENSATION

Financial Planning
We charge a flat fee for a comprehensive financial plan. Our fee reflects our judgment of the scope and
complexity of your financial situation and goals. Our fee will be presented in an engagement letter that
we will prepare for you before beginning any work. We typically require an initial deposit of up to 50%
of our fee at the time you return a signed copy of the engagement letter to us. The balance of our fee will
be due and payable upon presentation of an invoice at the engagement’s conclusion.

Hourly planning is offered as an alternative to comprehensive planning for clients who wish only to
address a specific issue or question. Hourly planning will be provided at a rate of $400 per hour, with
payment due upon presentation of an invoice.

You may cancel our financial planning agreement at any time by providing written notice. Upon
cancellation, we will present you with an invoice for time spent, based on our hourly rate of $400. This
invoice is payable upon receipt. If the amount of the deposit is greater than the fees incurred, a refund
will be provided.

Please note that when we provide financial planning advice with respect to your investments, we have a
conflict of interest. If you choose us to manage your investments, we will receive the customary fees
disclosed in the following section. Please read it carefully before making any decisions, and remember
that you are under no obligation to follow our planning recommendations or implement them through us.

Investment Management Services
Advisory Fees & Billing Practices

We do not receive commissions of any kind for executing trades on behalf of our clients.

Fees for investment management services are calculated as a percentage of assets under management.
These fees are billed quarterly in arrears, based on the assets under management as of the last day of the
calendar quarter. Our standard fee schedule is:

                Assets under Management                                Annual Fee
                On the first $500,000                                    1.00%
                On the next $500,000                                     0.80%
                On the next $2,000,000                                   0.60%
                On the next $7,000,000                                   0.40%
                On amounts over $10,000,000                              0.20%

At our discretion, we may exclude certain assets when calculating clients’ management fees. We do not
assess fees for accounts of family members.

We generally request that you provide authorization for us to deduct our fees directly from your
investment account. Please be aware of the following important information about the deduction of
management fees:

       Our investment management contract with you contains an authorization to deduct fees from your
        account, and you should read this authorization carefully before granting consent with your
        signature.

       You will receive a detailed invoice each quarter which outlines our fees and how they are
        calculated at the same time we request payment from the custodian.

       You will receive a monthly statement from your custodian which shows all transactions in your
        account, including the deduction of our fee.

       You are responsible for reviewing the accuracy of the fees being billed, as the custodian will not
        do so.

You may elect to pay by check rather than having payment deducted directly from your account.

If you would like to end our advisory relationship, you may do so by providing 30 days written notice.
We will prorate the advisory fees earned through the termination date and send you an invoice for the
advisory fees due.

Other Costs Involved

In addition to our advisory fee shown above, you are responsible for paying fees associated with investing
for your account. These fees include:

     mutual fund loads (if applicable). These charges are assessed and received directly by brokerage
      firms as commissions.

     management fees for ETFs and mutual funds. These are fees charged by the managers of the ETF
      or mutual fund and are a portion of the expenses of the ETF or mutual fund.

     brokerage costs and transaction fees for any securities or fixed income trades. These are
      generally charged by your custodian and/or executing broker.

     fees assessed by any third party managers we may engage on your behalf.

Additional information about brokerage costs and services is provided in “Item 12: Brokerage Practices.”

We believe the fees mentioned above are competitive with similar offerings available from comparable
firms; however, you may be able to obtain similar services from other sources at the lower price.

ITEM 7: TYPES OF CLIENTS
Our typical clients are business owners, corporate executives, professionals, and retirees who require
management of trusts, individual retirement accounts, and taxable portfolios.