Cushing Capital Partners LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

Cushing Capital offers our advisory services on a fee-only basis. Our fees vary among the different
types of advisory services we offer and may be negotiated at our sole discretion. The specific fees and
manner in which fees are charged and calculated are described in your investment advisory
agreement. You should carefully review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Wealth Management Services

Cushing Capital offers investment and wealth management services for an annual fee based on the
amount of assets under the firm’s management. Fees are generally billed in advance each calendar
quarter based on the market value of the assets under management/advisement on the last day of the
previous calendar quarter.

Our graduated fee schedule for new clients is as follows:

 Assets Under Management           Maximum Annual
                                   Advisory Fee
 $0 - $500,000                     1.50%
 Next $500,000                     1.25%
 Next $4,000,000                   1.00%
 Above $5,000,000                  Negotiable

This fee schedule may be based on cumulative household assets under management. However,
certain ERISA rules prevent householding corporate plans with personal assets for fee reductions.
Existing clients will be grandfathered and charged according to their existing fee rate. You should
refer to your advisory agreement for your specific fee rate(s).

Although the firm does not require a minimum portfolio size, we generally impose a minimum
annual fee of $3,750 per client relationship for investment and wealth management services. Cushing
Capital, in our sole discretion, may waive the annual fee based upon certain criteria, including, but
not limited to, anticipated future earning capacity and/or additional assets, dollar amount of assets
to be managed, related accounts, account composition, pre-existing client relationships, account
retention, and pro bono activities. For investment and wealth management services Cushing Capital
provides to certain clients or for specific client holdings (e.g., held-away assets, 529 plans, etc.), we
may negotiate a fee rate that differs from our standard fee schedule.

Selection of Other Independent Managers

Fees for other Independent Managers used to manage all or a portion of a client’s account are set
forth by the Independent Manager and are separate and in addition to Cushing Capital’s fees,
depending on the structure of the third-party manager program. You should refer to the Independent
Manager’s investment management agreement and Form ADV Part 2A Brochure for information
on their fees and compensation.

Programs Offered Through Wells Fargo Advisors

When utilizing the programs offered by Wells Fargo Advisors, investment management services
are provided by third-party money managers through the Personalized Unified Managed Account
Program, Private Advisor Network Program and FundSource Program. Fees for advisory
programs offered through Wells Fargo Advisors are as follows:

 Program              Program Type          Maximum Cushing Capital           Independent Manager
                                            Annual Advisory Fee               Fee
 Private Advisor      Separately            $0 - $500,000: 1.75%
 Network              Managed Account       Next $500,000: 1.50%
                                            Next $4,000,000: 1.25%
                                                                                Refer to Wells Fargo’s
                                            Above $5,000,000:
                                                                                  agreement for any
                                            Negotiable
                                                                              Independent Manager fees
 Personalized         Unified Managed       1.75%                                 applicable on your
 Unified Managed      Account                                                          account.
 Account
 FundSource           Mutual Fund           1.25%
                      Advisory Program

For the Personalized Unified Management Account Program and Private Advisor Network
Program, Cushing Capital’s advisory fee does not include the third-party manager’s fees. You pay for
the services of the third-party manager separately. You should refer to your advisory agreement for
your specific fee rate(s). For the Personalized Unified Managed Account Program, Cushing Capital’s
fee includes a platform fee that is paid to Wells Fargo for access to the program.

Wells Fargo calculates and directly debits Cushing Capital’s advisory fees and the third-party
managers’ fees from clients’ accounts. The advisory fee and third-party managers’ fees are listed on the
account statement provided to you by the custodian. The value of assets held in any Wells Fargo
Advisor program are included in the amount of total household assets used to determine Cushing
Capital’s advisory fees for other assets of a client that are managed by Cushing Capital.

Altruist Model Marketplace & Altruist One Program

When utilizing a model through Altruist’s Model Marketplace, Altruist’s or the third-party
manager’s advisory fees range up 1.00% annually and are separate and in addition to Cushing
Capital’s advisory fees. You should refer to your advisory agreement for your specific fee rate(s).
Cushing Capital’s advisory fee and the third-party managers’ fees are listed on the account statement
...

Item 7 – Types of Clients
Cushing Capital provides portfolio management services to individuals, high net worth individuals
and families, pension and profit-sharing plans, trusts, estates, charitable institutions, foundations,
corporations, and other business entities.

Cushing Capital generally does not require a minimum initial investment for investment
management services. The firm, in its sole discretion, will accept clients based upon each client’s
particular circumstances.

Certain Independent Managers may impose more restrictive account requirements and varying
billing practices than Cushing Capital. In such instances, Cushing Capital may alter its
corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.