D M Brenner Inc

ITEM 5 FEES AND COMPENSATION

COMBINED FINANCIAL PLANNING & ASSET MANAGEMENT FEES

Financial Planning and Asset Management are offered as a combined service for a single fee. Our firm
bills on cash unless otherwise agreed in writing. The maximum annual advisory fee charged by DMB, Inc.
for this service will not exceed 1.75% per year of Assets Under Management. Generally, annualized fees
are billed in arrears on a monthly or quarterly pro-rata basis based on the average daily balance of the
month and will be deducted from Client account(s) by the custodian, SMA manager or Sub-Adviser.
Adjustments will be made for deposits and withdrawals. Fees assessed will be outlined in Schedule A of
the Agreement. Fees are negotiable. In certain circumstances, a client may elect to have a portion of their
fees billed directly for ongoing advice. These special circumstances are charged on a case-by-case basis
(as detailed in the advisory agreement to be signed by the client). As part of this process, Clients
understand the following:

  (a) Client provides authorization permitting DMB, Inc., the SMA manager, Sub-Adviser and/or
      custodian to be directly paid by these terms.; and
  (b) Client’s independent custodian sends statements, at least quarterly, showing the market values for
      each security included in the Assets, all account disbursements, including the amount of fees paid.

  (c) SMA managers, Sub-Advisers and any additional fees will be disclosed in the service agreement
      and charged separately.

FINANCIAL PLANNING FEES

One-time Financial Plan: Fees for a stand-alone financial plans are charged on a flat basis. The
total estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of the
Client’s engagement with DMB, Inc. One-time fees will not exceed $15,000. Exact fees and fee
paying arrangements are made on a case-by-case basis and will be outlined in the advisory
agreement to be signed by the client. Planning or Consulting services will be rendered within six
months of payment.

On-going Financial Consulting: Fees for ongoing advice are charged on a case-by-case basis (as
detailed in the advisory agreement to be signed by the client) and will not exceed $10,000 per year.

DMB, Inc., in its sole discretion, can waive its minimum fee and/or charge a lesser financial planning
services fee based upon certain criteria (e.g., non-profit clients, length of relationship, type of
assets, dollar amounts of assets to be managed, related accounts, account composition). However,
DMB, Inc. has the discretion and authority to waive the account minimum requirement on a case-
by-case basis. Minimum account requirements will differ among clients.

ASSET MANAGEMENT FEES

The maximum annual advisory fee charged by DMB, Inc. for stand-alone asset management service
will not exceed 1.25% per year of Assets Under Management and the fees are negotiable. Our firm bills
on cash unless otherwise agreed in writing. Annualized fees are billed in arrears on a monthly or
quarterly pro-rata basis based on the average daily balance of the month and will be deducted from
Client account(s) by the custodian, SMA manager or Sub-Adviser. Adjustments will be made for
deposits and withdrawals during the month. Fees assessed will be outlined in Schedule A of the
Agreement. As part of this process, Clients understand the following:

  (a) Client provides authorization permitting DMB, Inc., the SMA manager, Sub-Adviser and/or
      custodian to be directly paid by these terms.; and
  (b) Client’s independent custodian sends statements, at least quarterly, showing the market values for
      each security included in the Assets, all account disbursements, including the amount of fees paid.
  (c) SMA managers, Sub-Advisers and any additional fees will be disclosed in the service agreement
      and charged separately.

QUALIFIED PLAN SERVICES FEES

For qualified plan services, DMB, Inc. charges an advisory fee up to 1.5% of a participant’s account.
DMB, Inc.’s qualified plans services fees are assessed in arrears on a quarterly basis based upon the
ending market value of the plan assets as of the last date of the prior quarter. Each client’s applicable
fees are negotiable and set forth in the applicable agreement pursuant to which DMB, Inc. manages
the plan’s account. The plan’s record-keeper will be responsible for debiting DMB, Inc.’s fees.

Should the client begin receiving these services during a quarter, DMB, Inc.’s fee will be prorated
based on the number of days such services were received during the quarter. Upon termination of the
client’s agreement, DMB, Inc. will refund any pre-paid, unearned fees, and any unpaid fees will be

billed upon termination on a pro-rated basis.

OTHER FEES AND EXPENSES

Clients should understand that the advisory fees described in the sections above do not include
certain charges imposed by third parties. Client assets may be subject to account administration fees,
transaction costs (based on individual transaction charges or asset based charges), retirement plan
administration fees (if applicable), odd-lot differentials, transfer taxes, wire transfer and electronic fund
fees, and/or other fees and taxes on brokerage accounts and securities transactions.

Client assets invested in mutual funds will be subject to certain fees and expenses imposed directly by
mutual funds to their shareholders, which shall be described in each fund’s prospectus. These fees
will generally include a management fee, other fund expenses, and a possible distribution fee. If the
mutual fund also imposes sales charges, a client will pay initial or deferred sales or surrender charge,
depending on the class of shares selected. Clients also may incur brokerage commissions and other
execution costs charged by the custodian or executing broker-dealer in connection with transactions
for a client’s account.
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ITEM 7 TYPES OF CLIENTS

DMB, Inc. provides advisory services to the following types of clients:

       • Individuals (other than high-net-worth individuals)
       • High net worth individuals
       • Pension and Profit-Sharing Plans (other than plan participants)
       • Corporations or other businesses not listed above

Existing advisory clients are subject to DMB, Inc. minimum account requirements and advisory fees in
effect at the time the client entered into the advisory relationship. The household account minimum for
new clients is $500,000.

ERISA Accounts: DMB, Inc. is deemed to be a fiduciary to 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. To avoid engaging in prohibited transactions, DMB, Inc. may only charge fees for
investment advice about products for which our firm and/or our related persons do not receive any
commissions or 12b-1 fees, or conversely, investment advice about products for which our firm and/or
our related persons receive commissions or 12b-1 fees, however, only when such fees are used to
offset DMB, Inc. advisory fees.