Courier Capital LLC

Item 5 Fees and Compensation

Advisory Fees

As noted above, the client will be required to enter into a written agreement with our firm setting forth
the terms and conditions of the engagement, including the fees to be paid to us, in exchange for which
we shall render investment advisory services. Such fees may be negotiated or waived under certain
circumstances and at the sole discretion of our firm.

For Investment Management Services, our fees are based upon a percentage of assets under
management, which typically range from 0% - 1.50% annually. The actual amount of the fee is based
upon, among other things, the amount and types of assets managed, the number of client accounts,
the long-term relationship with the firm and the client’s advisory service selected (i.e., model portfolio
versus separately managed account management).

For Investment Management provided by our firm, client fees are billed in arrears (with the exception
of certain legacy accounts, which are billed in advance) and paid quarterly at the rate of 25% of the
annual fee based on the fair market value of the client’s portfolio(s) as of the last day of the calendar
quarter. At each quarter-end, the client’s custodian will provide a quarterly custodial statement
reflecting the portfolio’s performance and our investment management fee, which will be
automatically debited from the client’s account by our firm, unless otherwise noted in the client’s
advisory agreement.

For the first billing cycle, our Investment Management fees will be pro-rated based on the number of
days that the client’s account is open during the initial quarter of services. Likewise, in the event our
services are terminated mid-quarter, our Investment Management Services fee shall be pro-rated
through the date of termination and any earned, unpaid balance will be immediately due and payable
by the client.

For clients that desire Financial Consulting Services, we charge either hourly or fixed fees, which will
vary based on the required services. For example, for Financial Consulting Services, our fees generally
range from $0 to $350/hour. For Financial Consulting services, we will provide the client with an
invoice reflecting the amount due and the payable date at the end of each calendar quarter.

It should be noted that our annual asset based advisory fees will be applied to your account on a
"blended" or a "straight-line" basis. The particular manner in which our advisory fee schedules will
be applied to your account(s) shall be set forth in our written agreement for services. The below is
intended as an illustration of how our blended and straight-line billing procedures would apply to a
hypothetical Investment Management Services account containing a balance of $750,000:

    • Blended Fee Basis: the client would pay annual advisory fees equal 0.95% on the first
      $500,000 of the client's account balance and 0.85% on the remaining $250,000 balance in the
      client's account.
    • Straight-line Fee Basis: the client would pay annual advisory fees equal to 0.85% on the
      entirety of the client's $750,000 account balance annually.

Our advisory fees are negotiable and can be waived or varied for certain clients in our sole discretion.
Lower fees for comparable services could be available from other sources.

Betterment Accounts

For Betterment accounts, your fee will be calculated on a quarterly basis and is paid in arrears. To
calculate the fee, we use the sum of the following for each day in the preceding quarter: (the balance
in a Client’s account at the end of the day) * (advisory fee applicable on that day). Client understands
additional platform fees will be charged by Betterment per their customer agreement.

In the event our agreement with you begins at any time other than the first day of a calendar quarter,
the fee for the initial period will be pro-rated based on the number of days in the quarter that the
agreement is effective.

For all clients:
Fees will be automatically deducted from your managed account*. As part of this process, you

understand and acknowledge the following:

  a) Your independent custodian sends statements at least quarterly to you showing all
     disbursements for 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;
  c) If we send a copy of our invoice to you, we send a copy of our invoice to the independent
     custodian at the same time we send the invoice to you;
  d) If we send a copy of our invoice to you, our invoice includes a legend as required by
     paragraph (a)(2) of Rule 206(4)-2 under the Investment Advisers Act of 1940.**

  *      We generally do not offer direct billing as an option to our asset management clients.
  **    The legend urges the client to compare information provided in their statements with those
         from the qualified custodian in account opening notices and subsequent statements sent
         to the client from the custodian

The fee that you are being charged by us for the investment management of your assets is exclusive
of, and in addition to, brokerage commissions, transaction fees, custodial fees, and any other related
costs and expenses. We do not receive any portion of these commissions, fees, other costs and
expenses.

A portion, or all of your assets that we manage may be invested in stocks, mutual funds, ETFs, and/or
fixed income. Each ETF or fund may charge an annual internal management fee as outlined in their
prospectus. We do not receive any of these additional fees; however, these fees do represent an
additional fee that you are paying above that being charged by us.

Other Fees and Expenses

Clients should understand that the fees described above are exclusive to our firm and do not include
certain charges imposed by third parties such as custodial fees, execution costs, mutual fund/ETF fees
...

Item 7 Types of Clients

Our firm typically provides advisory services to individuals (including high net worth individuals and
other clients), as well as to banking or thrift institutions, pension and profit-sharing plans (other than
plan participants), charitable organizations, and corporations or other business entities. If a client’s
account is a pension or other employee benefit plan governed by the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), we hereby acknowledge that we are a fiduciary to the
plan under Sections 3(38) and 3(31) of ERISA. A 3(21) fiduciary acts as an investment adviser who
makes recommendations. By contrast, a 3(38) is an investment manager who reviews investment
options, makes decisions, and ultimately take responsibility for your plan’s day-to-day investments.

Typically, our minimum portfolio size or investment size to open an account is $500,000. Exceptions
to this requirement may be allowed under certain circumstances at our sole discretion. We reserve
the right in our sole discretion to accept or decline a potential client for any reason.