Colonial Trust Advisors Inc

Item 5 – Fees and Compensation

                           PORTFOLIO MANAGEMENT SERVICES FEES

The annual fee for Portfolio Management Services is charged quarterly in advance, calculated as a
percentage of assets under management and rounded to the nearest whole dollar, according to the
following schedule:

                              Assets Under Management Annual Fee

                               First $1 million               1.000%
                               Next $1.5 million              0.750%
                               Next $2.5 million              0.600%
                               Next $2 million                0.500%
                               Balance above $7 million       0.375%

On occasion, Colonial Trust Advisors, Inc. will agree to a fixed fee. Overall factors considered will
include the type and amount of assets to be managed and the complexity of the client’s
circumstances. The minimum annual fixed fee is $1,000.

If management begins after the start of a quarter, fees will be prorated accordingly. The fee for the
initial, partial quarter is necessarily assessed in arrears, at the end of the quarter. Then the initial
full quarter fee is assessed a few days later for the upcoming quarter.

For accounts with a margin balance, clients are assessed the management fee based on the gross
value of the assets in the account. In other words, the account value on which the fee is calculated is
not reduced by the margin balance.

Limited Negotiability of Advisory Fees: Although Colonial Trust Advisors, Inc. has established the
aforementioned fee schedule(s), we retain the discretion to negotiate alternative fees on a client-
by-client basis. Client facts, circumstances and needs are considered in determining the fee
schedule. These include the complexity of the client, assets to be placed under management,
anticipated future additional assets, related accounts, portfolio style, account composition, reports,
among other factors. The specific annual fee schedule is identified in the contract between the
adviser and each client.

We may group certain related client accounts for the purposes of achieving the minimum account
size requirements and determining the annualized fee.

Discounts, not generally available to our advisory clients, may be offered to family members and
friends of associated persons of our firm.

                                    FINANCIAL PLANNING FEES

When we provide financial planning services to clients, our fees typically range from $1,500 to
$5,000 depending on the scope of the engagement. These fees are negotiated and agreed to at the
time of the engagement for such services.

                                      HELD - AWAY ACCOUNTS

Any held-away accounts that you engage us to manage will be included in the fee calculations
described above.

                                      GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by
either party, for any reason. As disclosed above, certain fees are paid in advance of services
provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded.
In calculating a client’s reimbursement of fees, we will pro rate the reimbursement according to the
number of days remaining in the billing period.

Mutual Fund Fees: All fees paid to Colonial Trust Advisors, Inc. for investment advisory services
are separate and distinct from the fees and expenses charged by mutual funds and/or exchange
traded funds (“ETFs”) to their shareholders. These fees and expenses are described in each fund's
prospectus. These fees will generally include a management fee, other fund expenses, and a
possible distribution fee. If the fund also imposes sales charges, you may pay an initial or deferred
sales charge. You could invest in a mutual fund directly, without our services. In that case, you
would not receive the services provided by our firm which are designed, among other things, to

assist you in determining which mutual fund or funds are most appropriate to your financial
condition and objectives. Accordingly, you should review both the fees charged by the funds and
our fees to fully understand the total amount of fees to be paid by you and to thereby evaluate the
advisory services being provided.

In a limited number of situations when it benefits you in terms of the lowest overall fee structure
available, on certain assets in a portfolio Colonial Trust Company, an affiliate of Colonial Trust
Advisors, Inc., may receive a portion of the mutual fund expenses in lieu of Colonial Trust Advisors,
Inc. receiving an advisory fee. Unless specified in the written agreement signed by you, you will not
pay Colonial Trust Advisors, Inc. an advisory fee on any assets for which Colonial Trust Company
receives any portion of a mutual fund’s fee.

Additional Fees and Expenses: In addition to our advisory fees, you are also responsible for the
fees and expenses charged by custodians and imposed by broker dealers, including, but not limited
to, any transaction charges imposed by a broker dealer with which an independent investment
manager effects transactions for your account(s). Please refer to the Item 12 – Brokerage
Practices for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to
our minimum account requirements and advisory clients that are employee benefit plans or
individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities
Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively.
As such, our firm is subject to specific duties and obligations under ERISA and the Internal Revenue
Code that include among other things, restrictions concerning certain forms of compensation.

Other Compensation: Certain individuals at Colonial Trust Advisors are licensed to sell insurance
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Item 7 – Types of Clients

Colonial Trust Advisors, Inc. serves individuals, high net worth individuals, pension and profit-
sharing plans, charitable organizations and corporations. We do not impose a minimum portfolio
value. The minimum annual fixed fee is $1,000.