Elwood & Goetz Wealth Advisory Group LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Fees

Advisory fees are based on the value of the portfolio, with a minimum monthly fee of $350.
Fees are calculated monthly in arrears using the portfolio value on the last day of the month.

                 Investable Assets Under Management                 Annual Fee

                              First $2,000,000                         1.00%

                     Assets of $2,000,001 - $5,000,000                 0.75%

                    Assets of $5,000,001 - $50,000,000                 0.50%

                         Assets over $50,000,000                       0.25%

           *Clients with managed portfolios under $420,000 will incur an effective higher
           annual fee than the table above due to the $350 monthly minimum.

How Fees Are Paid:

   •   For portfolios over $420,000: Fees are automatically deducted from the managed
       portfolio with written authorization.

   •   For portfolios under $420,000: The $350/month minimum fee applies and will be paid
       via electronic funds transfer (EFT) from your checking account. Monthly EFT payments

       will typically process between the 15th and 30th of each month.

Once the client’s portfolio exceeds $420,000, they will automatically switch to the
percentage-based fee (see table above), and fees will then be deducted from their portfolio.

Hourly Rate

On rare occasions, financial planning services may be assessed at a fixed-fee or hourly rate.
Hourly rates range from $250 per hour to $500 per hour based on staff expertise and
situational complexity. The final fee structure is documented in Exhibit I of the Advisory
Agreement.

Clients may terminate their relationship with E&G with written notice at any time without
penalty.

Cash Management Services Fees

                 Investable Assets Under Management              Annual Fee
                 Cash-equivalent managed assets held
                                                                    0.25%
                 outside long-term investment portfolio

Corporate Retirement Plan Services Fees

                 Investable Assets Under Management              Annual Fee

                 First $5,000,000                                   0.50%

                 Next $5,000,000                                    0.40%

                 Next $15,000,000                                   0.30%

                 All assets above $25,000,000                       0.20%

Elwood & Goetz Wealth Advisory Group bases its fees on a percentage of the total assets they
manage for each plan (see chart above). The fee will be based upon a blended calculation. For
example, the effective annual fee rate for a client with assets under management of
$12,000,000 will be 0.4250%.

Clients may terminate their agreement with E&G with written notice at any time without
penalty.

B. Payment of Fees

Payment of Investment Supervisory & Financial Planning Fees

For convenience and as a tax minimization strategy, advisory fees may be withdrawn directly
from the client’s account(s) with the client’s written authorization. Fees are paid monthly in
arrears and are based on the ending portfolio value of the last day of the month.

For clients with investment portfolio values of less than $420,000, advisory fees are paid using
electronic funds transfer (ETF) from the client’s checking account.

Payment of Corporate Retirement Plan Services Fees

Corporate Retirement Plan service fees are withdrawn directly from the plan’s accounts with
the plan sponsor’s written authorization. Fees are paid quarterly in arrears.

C. Clients Are Responsible For Third Party Fees

Clients are responsible for the payment of all third-party fees. These fees include:

   •   Each Mutual Fund and Exchange Traded Fund (ETF) has an underlying expense ratio
       associated with it. Expense ratios are generally assessed to cover the management
       expenses of the mutual fund/ETF and must be disclosed on the prospectus of each
       mutual fund/ETF. These fees are evaluated by E&G prior to the mutual fund/ETF being
       chosen for inclusion in E&G’s investment portfolios. E&G ensures the underlying
       expense ratio on mutual funds/ETFs remains relatively low.

   •   Custodians (e.g., Charles Schwab Institutional, a division of Charles Schwab & Co., Inc.)
       may charge transaction fees for the purchase or sale of certain investments. Transaction
       fees are relatively small and are incidental to the purchase or sale of the investment.
       Transaction fees will be considered and minimized as much as possible before trades
       are placed in any clients’ investment portfolio.

   •   In some cases, custodians charge a custody fee for the service of accounts.

The fees described above are separate and distinct from the fees charged by E&G. E&G is only
paid by clients and receives no compensation from any outside company; this is by design to
avoid conflicts of interest. Please see Item 12 of this brochure regarding broker/custodian.

D. Prepayment of Fees

E&G collects fees in arrears; thus, there is no prepayment of fees and no need for a refund
policy.

E. Outside Compensation For Sale of Investment Products

Neither E&G nor its supervised persons accept any compensation for the sale of securities or
other investment products, including asset-based sales charges or services fees from the sale
of mutual funds.

The firm’s compensation is derived solely from fees paid directly by clients. E&G is a fee-only
firm.

Item 7: Types of Clients

E&G generally provides investment advice and/or management supervisory services to
individuals, families, trusts, estates, and charitable organizations. Advice may be extended to
entities related to the client such as businesses and charitable organizations, including
foundations and endowments. E&G also works with business owners/plan sponsors to
implement, manage, and monitor retirement plans.