Dahring Cusmano LLC

Item 5 - Fees and Compensation

Dahring | Cusmano charges fees based on a percentage of assets under management as well as fixed fees,
depending on the particular types of services to be provided. The specific fees charged by Dahring | Cusmano
for services provided will be set forth in each client’s Agreement.

       A. Financial Planning and Investment Management Services

Fees for Financial Planning and Consulting Services

Clients that receive financial planning services only are charged a fixed fee that is determined upon a client-by-
client basis. The amount of the financial planning services fee will vary depending upon the complexity of
client’s plan, the time required to complete the services and the services to be provided. The fee is paid on a
schedule as agreed to by the client and Dahring | Cusmano in the financial planning services agreement. In
addition, Dahring | Cusmano provides consulting and project-based services to clients on either, or both, a fixed
fee amount or pursuant to an hourly fee. Actual fees charged are clearly outlined in the financial planning,
consulting or project agreement and clients receive invoices reflecting the amount of the fee due and payable.
Please refer to “Additional Information Regarding Fees” below for more detailed information regarding fees
paid by Dahring | Cusmano clients.

Fees for Investment Management Services

Dahring | Cusmano charges an annual advisory fee that is agreed upon with each client and set forth in an
agreement executed by Dahring | Cusmano and the client. If fixed, the advisory fee will be specified on the fee
schedule as set forth in the agreement executed by Dahring | Cusmano and the client. If based on a percentage
of the value of assets under management, the advisory fee for the initial quarter shall be paid, on a pro rata
basis, in arrears, based on the average daily balance of the client account during the initial pro rata period. For
subsequent quarters, the advisory fee shall be paid, in advance, based on the average daily balance of the
client’s accounts during the preceding quarter as provided by third-party sources, such as pricing services,
custodians, fund administrators, and client-provided sources. The advisory fee percentage charged to a client
may be up to 2.0% on an annual basis. In addition, for certain clients the advisory fee will be applied pursuant
to the following tiered schedule, with the advisory fee percentage determined on a client-by-client basis: Less
than $250,000; $250,001 to $500,000; $500,001 to $1,000,000; $1,000,001 to $2,500,000; $2,500,001 to
$5,000,000; and Over $5,000,000. In the instances where a tiered fee schedule is utilized, the percentage for
the highest range of the assets under management value achieved for a billing period applies to all assets under
management, not just the assets under management within that range. For purposes of fee calculation, the asset
value of client accounts include cash and cash equivalents.

Fees for Investment Management Services to Retirement Plans

Retirement plan advisory clients will be charged an annual fixed fee, an hourly consulting fee or an asset
based fee. The form of fees and fee amounts are determined on a client-by-client basis and are set forth in
the agreement executed by Dahring | Cusmano and the client. In engagements where the fees are charged as
a percentage of the value of assets under management, the advisory fee percentage charged to a retirement
plan advisory client may be up to 1.50% on an annual basis.

Dahring | Cusmano LLC                                                                 Disclosure Brochure

Notwithstanding the foregoing, Dahring | Cusmano and the client may choose to negotiate an advisory,
consulting or financial planning fee that varies from the information set forth above. Factors upon which
a different advisory, consulting or financial planning fee may be based include, but are not limited to, the
size and nature of the relationship, the services rendered, the nature and complexity of the products and
investments involved, time commitments, and travel requirements. The advisory fee charged by the Firm
will apply to all of the client’s assets under management, unless specifically excluded in the client
agreement. The advisory fee may include the financial planning services described above. Although
Dahring | Cusmano believes that its fees are competitive, clients should understand that lower fees for
comparable services may be available from other sources and firms.

The investment advisory agreement between Dahring | Cusmano and the client may be terminated at will by
either Dahring | Cusmano or the client upon written notice. Dahring | Cusmano does not impose termination
fees when the client terminates the investment advisory relationship, except when agreed upon in advance.

       B. Payment of Fees

Dahring | Cusmano generally deducts its advisory fee from a client’s investment account(s) held at his/her
custodian. Upon engaging Dahring | Cusmano to manage such account(s), a client grants Dahring | Cusmano
this limited authority through a written instruction to the custodian of his/her account(s). The client is
responsible for verifying the accuracy of the calculation of the advisory fee; the custodian will not determine
whether the fee is accurate or properly calculated. See Section A herewith for further information on fee
billing. A client may utilize the same procedure for financial planning or consulting fees if the client has
investment accounts held at a custodian.

Although clients generally are required to have their investment advisory fees deducted from their accounts,
in some cases, Dahring | Cusmano will directly bill a client for investment advisory fees if it determines that
such billing arrangement is appropriate given the circumstances.

The custodian of the client’s accounts provides each client with a statement, at least quarterly, indicating
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Item 7 - Types of Clients

Dahring | Cusmano offers investment advisory services to individuals, including high net worth individuals,
and entities, including, but not limited to, family offices, trusts, estates, private foundations, and qualified
retirement plans. Dahring | Cusmano does not impose a minimum portfolio size or a minimum initial
investment to open an account. However, Dahring | Cusmano does reserve the right to accept or decline a
potential client for any reason in its sole discretion.

Dahring | Cusmano LLC                                                                Disclosure Brochure