David P Gilliam & Associates Inc

5. FEES AND COMPENSATION
              A. FINANCIAL PLANNING
Our financial planning services are provided on a fixed or hourly fee basis.
Fixed Fee: The fixed fees range between $500 and $1500. The fixed fee range varies and depends
upon the nature and complexity of each client’s individual circumstances. Each client’s Financial
Planning Agreement shows what the client will be charged to complete the Scope of Services as
defined in the agreement. The fixed fee rate is negotiable.
Hourly Fee: We assess an hourly rate of $250 per hour for financial planning services with a
minimum of two hours per engagement. The number of hours will vary depending upon the
complexity of the financial situation, the estimate of hours involved, including preparation and
research, and other areas as specified and estimated in the written agreement for services. The
hourly fee can be negotiated with the client.
All fees for planning services are agreed upon in advance in writing and due upon delivery of the
service or plan. We reserve the right to refund or waive our financial planning fees for clients who
use our custom portfolio management services.
              B. PORTFOLIO MANAGEMENT SERVICES
Our management fee for portfolio management services is based on a percentage of assets under
management. The management fee is annual based on the following fee schedule:

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              Custodian Reported Account Value Annual Management Fee
                       $25,000 to $500,000                      1.50%
                     $500,001 to $1,000,000                     1.25%
                         Above $1,000,000                     Negotiable
The portfolio management fee will be calculated and collected on a quarterly basis in advance.
The management fee is based on the custodian reported account value as of the last business day
of the previous quarter. The management fee will be directly deducted from the client’s account
by LPL (see Item 15 for additional details).
Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses that are incurred by the client. Clients may incur other custodian charges, which are
separate from our fees. Also, our fee does not include the third-party investment adviser or LPL’s
management fee in the MWP program.
As the OMP and MWP programs invest in mutual funds, the client pays the mutual funds a
management fee and other expenses as a shareholder of the mutual fund in addition to paying an
advisory fee to us and LPL for managing the assets. Because mutual funds may be purchased
directly, the client could avoid the second layer of fees by not using our management services and
by making his or her own investment decisions.
Our advisory representatives are also separately registered representatives of LPL. In this capacity,
our advisory representatives can sell securities to clients and receive compensation in the form of
commissions and 12b-1 fees or trails, however, this compensation will not be received in
connection with investments made in OMP program accounts.
              C. TERMINATION OF SERVICES
A client may terminate any service for any reason within the first five (5) business days after
signing an advisory contract, without any cost or penalty. Thereafter, the advisory contract may be
terminated at any time by giving 10 days’ written notice. To cancel the agreement, the client must
notify us in writing to David P. Gilliam & Associates, Inc., 2600 West Jackson, Muncie, IN 47303.
Any prepaid fees will be refunded on a prorated basis.
              D. OTHER SECURITIES COMPENSATION
Our associates are registered representatives of LPL Financial, LLC, member FINRA/SIPC.
Through LPL Financial, LLC, they may sell securities to our clients for a commission. This causes
a conflict of interest because the commissions from LPL Financial, LLC are separate from the fees
outlined above. We attempt to mitigate this conflict of interest to the best of our ability by placing
the client’s interest ahead of our own through our fiduciary duty. Additionally, it is our policy that
recommended securities purchases do not have to be transacted through our associates.
              E. RETIREMENT ROLLOVER CONFLICTS OF INTEREST
When we recommend you rollover a retirement account for us to manage, this creates a financial
incentive because we charge a fee for our services. We attempt to mitigate the conflict of interest
by acting in your best interest and applying an impartial conduct standard to all rollovers. Please
note that you are not under any obligation to roll over a retirement account to an account managed

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by us.
Additionally, when we provide investment advice to you regarding your retirement plan account
or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee
Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws
governing retirement accounts. The way we make money creates some conflicts with your
interests, so we operate under a special rule that requires us to act in your best interest and not put
our interest ahead of yours.

7. TYPES OF CLIENTS
We offer our services to individuals, high net worth individuals, corporations and other business
entities, charities, and pension and profit-sharing plans. We generally require a minimum of
$25,000 of investable assets for the household. We do reserve the right to make exceptions.