DB & C Advisors LLC

Item 5. Fees and Compensation

    The Firm, depending upon the engagement, offers its services on a fee basis which may include hourly fees as
    well as f ees based upon assets under management. Alternatively, certain of the Firm’s advisory af filiates
    (“Advisory Affiliates”) may offer insurance products under a commission arrangement, which may be used to
    of f set the Firm’s f ees (as discussed below).

    Financial Planning and Consulting Fees

    The Firm will charge an hourly fee for financial planning and consulting services. These fees are negotiable, but
    are generally $220 on an hourly rate basis, depending upon the level and scope of the services and the
    prof essional rendering the f inancial planning and/or the consulting services. If the client engages the Firm for
    additional investment advisory services, the Firm may offset all or a portion of its fees for those services based
    upon the amount paid f or the f inancial planning and/or consulting services.

    Prior to engaging the Firm to provide financial planning and/or consulting services, the client will generally be
    required to enter into a written agreement with the Firm setting forth the terms and conditions of the engagement
    and describing the scope of the services to be provided and the portion of the fee that is due from the client prior
    to the Firm commencing services. Generally, the Firm requires one-half of the financial planning / consulting fee
    (estimated hourly) payable upon entering the written agreement. The balance is generally due upon delivery of
    the f inancial plan or completion of the agreed upon services. Such services will be completed within six (6)
    months. All f inancial planning and/or consulting services are provided on a project basis. Once the Firm is
    engaged for these services by the client, the project cannot be terminated. Therefore, the Firm will complete the
    project and no refunds will be provided. However, if termination occurs within five business days of entering into
    an agreement f or such services the client will be entitled to a f ull ref und.

    Investment Management and Wealth Management Fee

    In the event the client determines to engage the Firm to provide investment management services, the Firm shall
    do so on a f ee basis. If engaged, the Firm shall charge an annual f ee based upon a percentage of the market
    value of the assets being managed by the Firm. The Firm’s annual f ee is exclusive of, and in addition to
    brokerage commissions, transaction f ees, and other related costs and expenses which shall be incurred by the
    client. However, the Firm shall not receive any portion of these commissions, fees, and costs. The Firm’s annual
    f ee shall be prorated and charged quarterly, in advance, based upon the market value of the assets being
    managed by the Firm on the last day of the previous quarter. Fees will be deducted automatically from the
    appropriate client account unless another arrangement is agreed upon between the f irm and the client. The
    annual f ee shall vary (2.25% or less) depending upon the market value of the assets under management, the
    type of investment management services to be rendered, the amount of time anticipated to be devoted to the

         DB & C ADVISORS, LLC DISCLOSURE BROCHURE

    account, number of accounts in the household, and various other factors. For accounts with a sub-adviser or
    Investment Manager, the fee may be shared but in no situation will the client pay a higher total fee than in this
    disclosure.

    The Firm, in its sole discretion, may negotiate to charge a lesser management f ee based upon certain criteria
    (i.e., anticipated f uture earning capacity, anticipated f uture additional assets, dollar amount of assets to be
    managed, related accounts, account composition, pre-existing client, account retention, pro bono activities, etc.).

    Fees Charged by Financial Institution

    As f urther discussed in response to Item 12 (below), the Firm shall generally recommend that clients utilize the
    clearing services of Raymond James & Associates (“RJA”), member New York Stock Exchange/SIPC, for
    investment management accounts.

    The Firm may only implement its investment management recommendations after the client has arranged for
    and f urnished the Firm with all inf ormation and authorization regarding accounts with appropriate f inancial
    institutions. Financial institutions shall include, but are not limited to, RJA, any other broker- dealer recommended
    by the Firm, broker-dealer directed by the client, trust companies, banks etc. (collectively ref erred to herein as
    the “Financial Institution(s)”).

    Clients may incur certain charges imposed by the Financial Institution(s) and other third parties such as fees
    charged by Independent Managers, custodial fees, charges imposed directly by a mutual f und or exchange
    traded f und in the account, which shall be disclosed in the fund’s prospectus (e.g., f und management fees and
    other f und expenses), deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic
    f und fees, and other fees and taxes on brokerage accounts and securities transactions. Additionally, for assets
    outside of any wrap fee programs, clients may incur brokerage commissions and transaction f ees. Such charges,
    f ees and commissions are exclusive of and in addition to the Firm’s f ee.

    The Firm’s Agreement and/or the separate agreement with the Financial Institution(s) may authorize the Firm
    through the Financial Institution(s) to debit the client’s account f or the amount of the Firm’s f ee and to directly
    remit that management fee to the Firm. The Financial Institution(s) recommended by the Firm have agreed to
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Item 7. Types of Clients

    The Firm provides its services to individuals, pension and prof it-sharing plans, trusts, estates, charitable
    organizations, corporations and business entities.

    Minimums Imposed by Independent Managers

    The Firm does not impose a minimum portfolio size or minimum annual f ee. As stated above, however, certain
    Independent Manager(s) may impose more restrictive account requirements and varying billing practices than
    the Firm. In such instances, the Firm may alter its corresponding account requirements and/or billing practices
    to accommodate those of the Independent Manager(s) or wrap f ee program sponsor.