Emerald Asset Management Inc

Item 5 – Fees and Compensation
 HOW WE ARE COMPENSATED FOR OUR ADVISORY SERVICES

 Asset Management

 Emerald has tiered fee schedules for asset management for both discretionary and non-
 discretionary accounts. Fees are billed quarterly in advance based on the value of the client’s
 account on the last day of the previous calendar quarter, as reported by the client’s custodian.
 Fees are generally negotiable depending on the account size, client’s needs, complexity of the
 client’s situation, and the client’s individual investment advisory agreement. As such, fees for
 the same or similar services may vary from client to client. In addition, accounts that are
 managed in accordance with a cash management strategy may have different fee schedules than
 the asset management fee schedules.

 Generally, the fee schedules for managed accounts are as follows:

 Asset Management Max Fee Rates

 Household Size

 Up to $500,000.00                                     1.45%

 $500,001 - $1,000,000                                 1.35%

 $1,000,001 - $2,000,000                               1.25%

 $2,000,001 - $5,000,000                               1.15%

 Over $5,000,000                                       1.00%

 Cash Management Max Fee Rates

 Money Market Only                                     0.25%

 Money Market, CDs & ST Fixed Income                   1.00%

The initial fee for the first calendar quarter is based on the total principal amount initially
invested and is payable upon execution of the investment advisory agreement. Fees for
accounts established in the middle of a quarter are prorated for the remainder of the calendar
quarter.

Clients must generally provide authorization for us to automatically deduct our fees from their
managed account(s) each quarter. Based on this authorization, we send our invoices directly to
the client’s custodian. Each client will then receive a quarterly statement directly from their
custodian (the statement may be made available electronically or mailed to the client’s address
of record) that details the fees that were disbursed to us from the account, as well as other
account level activity, including quarterly transactions, portfolio holdings, total securities and

assets, and the valuations for each position held in the account, as reported by the custodian.
Clients should verify the calculation of advisory fees deducted from their account based on the
statement provided by the custodian.

Financial Planning & Consulting

We charge on an hourly or flat fee basis in arrears for our financial planning and consulting
services. The total estimated fee, as well as the ultimate fee that we charge you, is based on the
scope and complexity of our engagement with you. Our maximum hourly fee is currently $500.
Flat fees generally range from $1,500 to $10,000 and are based upon the scope and complexity
of the engagement.

Fees for our financial planning and consulting services will be directly billed to you and will be
due to us within thirty (30) days of your financial plan being delivered or consultation rendered
to you.

Pension Consulting
We charge an hourly fee, flat fee or a fee based on a percentage of the plan assets for pension
consulting services. The total estimated fee, as well as the ultimate fee that we charge you, is
based on the scope and complexity of our engagement with you. Our maximum hourly fee is
currently $500. Our flat fees for pension consulting services generally range from $750 to
$10,000 and are based upon the scope and complexity of the engagement. Flat fees will be
charged annually for ongoing pension consulting services. Fees based on a percentage of Plan
Assets will be charged up to 1.50%. Fees are generally negotiable depending on the account size,
client’s needs, complexity of the client’s situation, and the client’s individual investment advisory
agreement. As such, fees for the same or similar services may vary from client to client

 We will directly bill for our pension consulting service. Our bill will be due and payable within
 thirty (30) days.

 Other Fees – Not Charged by or Paid to Emerald Asset Management, Inc.

 In addition to the fees paid to us, clients may also pay certain third-party transaction fees and
 expenses, such as custodian fees and expenses, brokerage commissions and fees and charges
 related to holding mutual funds and exchange traded products (“Funds”), including, as
 applicable, the Funds’ distribution fees (12b-1 fees), shareholder services fees, underlying
 Funds’ investment management fees. These Fund level fees are disclosed in the fund’s
 prospectus and increase client expenses and reduce the value of a client’s account. We do not
 receive these fees or charge these expenses.

 If client assets are custodied at Raymond James & Associates, Inc. (RJA), member New York Stock
 Exchange/SIPC, they do not pay custodial fees or commission fees for trades placed through RJA.
 Information regarding our brokerage practices can be found under Item 12 -Brokerage Practices
 below. Not all clients using the same strategy will pay identical transaction fees and expenses.

 Termination and Refunds Following Termination

 Clients may terminate their advisory relationship with us at any time by providing
 written notice. If a client terminates services during a billing period (e.g., quarterly) for

which fees were paid in advance, we will calculate a pro-rata refund of any unearned
advisory fees. The refund will be based on the number of days remaining in the billing
period as of the effective date of termination.

Refunds, if any, are generally processed and returned to the client within 10 business
days of the effective date of termination. The effective date of termination is the later of
(i) the date we receive the client’s written notice, or (ii) the date specified by the client
in their termination notice.

Clients should note that any fees due for services provided up to the effective date of
...

Item 7 – Types of Clients
We provide service to the following types of clients:

      •   Individuals, High Net Worth Individuals and Businesses;
      •   Trusts, Estates or Charitable Organizations; and
      •   401(k) and Profit-Sharing Plans.

We currently do not have account size requirements for opening and maintaining accounts or
otherwise engaging us.