Comprehensive Financial Management LLC

Item 5.         Fees and Compensation
Hourly work-based fees

CFM bills its clients on an hours-worked basis in accordance with specific arrangements in place with
each client family. Each employee’s time is billed to clients periodically based on the time each
employee devotes to that client, subject to review and approval by the client’s engagement manager.
Employees’ hourly rates are determined by engagement managers and vary based on salary, seniority, and
responsibilities. Engagement managers review and approve draft billings for clients on a periodic basis
before bills are sent out. Client Billing Memorandums containing detailed billing information are
available to clients upon request. In addition to CFM’s hourly fees, clients may pay other fees and costs
such as custodial fees, banking fees, brokerage expenses, wire transfer fees, investment management and
incentive fees and expenses charged by third-party investment managers with which clients are invested.
CFM-related entities may serve as trustees for certain client trusts. If this occurs, the trusts may be
charged a fixed fee by CFM for such professional services. Clients are notified if such an arrangement
exists. CFM believes its hourly fees are competitive compared to fees charged by other investment
advisers for comparable services. However, comparable services may be available from other sources for
lower fees. CFM does not offer or sponsor a wrap fee program and therefore does not provide a Wrap Fee
Program Brochure.

Item 7.         Types of Clients
CFM manages investments for high-net-worth individuals and families. Within some client relationships,
CFM manages assets for a variety of entities including, but not limited to, foundations, trusts,
corporations, limited liability companies and partnerships.