Consolidated Capital Management LLC

Item 5: Fees and Compensation
    We are required to describe our brokerage, custody, fees and fund expenses so you will know
    how much you are charged and by whom for our advisory services provided to you. Our fees are
    generally negotiable at the discretion of our firm.

    Wrap Comprehensive Portfolio Management Fees

    Wrap fee clients will receive our Form ADV, Part 2A, Appendix 1 (the “Wrap Fee Program
    Brochure”). Wrap fee clients will not incur transaction costs for trades. More information about this
    is disclosed in our separate Wrap Fee Program Brochure.

    Fee Schedule:

         Assets Under Management                       Annual Percentage of Assets Charge:
             $0 to $249,999.99                                         2.95%
          $250,000 to $499,999.99                                      2.50%
             Over $500,000                                             2.00%

    Our firm’s fees are billed on a prorated annualized basis, quarterly in advance based on the value
    of your account on the last day of the previous quarter, which is typically the end of January, April,
    July and October. Adjustments will be made for deposits and withdrawals of cash and securities
    during the billing period for amounts of $1,000 or greater. For example, if a client withdraws cash
    or securities of $1,000 or more from their account mid-billing period, they would receive a prorated
    fee refund based on the amount of the withdrawal and the remaining days in the billing period.
    The fee refund would be applied at the next quarterly billing and would reduce that billing period’s
    fee. If a client deposits cash or securities of $1,000 or more into their account mid-billing period,
    a prorated fee would be assessed based on the amount of the deposit and the remaining days in
    the billing period. The prorated fee would be applied at the next quarterly billing and would
    increase that billing period’s fee.

    Fees generally are negotiable at the discretion of our firm and will be automatically deducted from
    your managed account. As part of the fee deduction process, you understand and acknowledge
    the following:

    a) Your independent custodian sends statements at least quarterly to you showing the market
       values for each security included in the Assets and all disbursements in your account including
       the amount of the advisory fees paid to us;
    b) You provide authorization permitting us to be directly paid by these terms; and
    c) If we send a copy of our invoice to you, it will include a legend urging you to compare
       information provided in our statement with those from the qualified custodian.

    Please note the first advisory fee charged to new client accounts includes the fee charged on the
    regular billing date in advance for the first full quarter as well as a one-time prorated advisory fee
    in arrears for services rendered between the date of receipt of assets and the end of the previous
    quarter.

    We do not permit debt card use within investments accounts under our management where we
    trade securities (stocks, bonds, etc.). Any withdrawals from an investment account would need
    to be requested directly from our office or set up via automatic payment.

ADV Part 2A – Firm Brochure                       Page 6                              California Capital Management

    Retirement Plan Consulting Fees

    Our Retirement Plan Consulting services are billed based on a percentage of Plan assets under
    management. Fees will not exceed 1.00%. The fee-paying arrangements will be determined on a
    case-by-case basis and will be detailed in the signed consulting agreement.

    Termination & Refunds

    We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
    services, we will refund the unearned portion of our advisory fee to you. Upon receipt of your
    notice of termination, we reserve the option to liquidate your assets prior to the transfer in order
    to protect our proprietary investment strategies and decisions. An exception would be made for
    any legacy investments the client brought with them. We would then proceed to close out your
    account(s) and process a prorated refund of any unearned advisory fees.

    Commissionable Securities Sales

    Certain representatives of our firm sell securities for a commission. In order to sell securities for
    a commission, some of our supervised persons are registered representatives of Purshe Kaplan
    Sterling Investments, Inc., member FINRA/SIPC. Our supervised persons may accept
    compensation for the sale of securities or other investment products, including distribution or
    service (“trail”) fees from the sale of mutual funds. You should be aware that the practice of
    accepting commissions for the sale of securities:

    1) Presents a conflict of interest and gives our firm and/or our supervised persons an incentive
       to recommend investment products based on the compensation received, rather than on your
       needs. We generally address commissionable sales conflicts that arise:

         a) when explaining to clients that commissionable securities sales creates an incentive to
            recommend products based on the compensation we and/or our supervised persons may
            earn and may not necessarily be in the best interests of the client;
         b) when recommending commissionable mutual funds, explaining that “no-load” funds are
            available through our firm if the client wishes to become an investment advisory client.

    2) In no way prohibits you from purchasing investment products recommended by us through
       other brokers or agents which are not affiliated with us.

Item 7: Types of Clients and Account Requirements
    We have the following types of clients:
      • Individuals and High Net Worth Individuals;
      • Trusts, Estates or Charitable Organizations;
      • Pension and Profit Sharing Plans;
      • Corporations, Limited Liability Companies and/or Other Business Types.

ADV Part 2A – Firm Brochure                      Page 7                              California Capital Management

    Please see our Wrap Fee Program Brochure for our requirements for opening and maintaining
    accounts or otherwise engaging us.