Ensign Advisory Partners LLC

Item 5: Fees and Compensation

A. Fee Schedule

Lower fees for comparable services may be available from other sources.

Portfolio Management Fees

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior billing period. The initial billing period will be prorated based
upon the number of days the account was open in that billing period.

In computing the market value of any investment of the account, the securities in the
account listed on a national securities exchange or otherwise subject to current last-sale
reporting shall be valued at the amount reported on the statement that Client receives
from the Custodian. Such securities which are not traded nor subject to last-sale reporting
shall be valued at the latest available bid price reflected by quotations furnished to EAPL
by such sources as it may deem appropriate. Any other security shall be valued in such
manner as shall be determined by EAPL and Client, consistent with EAPL’s fiduciary
duty, to reflect the security’s fair market value. Clients may dispute valuations with EAPL
if they disagree, at which point EAPL and the client will discuss the valuation in order to
promptly resolve the dispute.

The fee schedule is a blended tiered schedule. Please see below for example.

     Total Assets Under Management                                     Annual Fees
                First $500,000                                             1.30%
                Next $500,000                                              1.20%
               Next $1.5 million                                           1.00%
               Next $2.5 million                                           0.80%
                Next $5 million                                            0.60%
               Over $10 million                                            0.50%

       Fee formula description: For purposes of calculating the client’s portfolio
       management fees described above, an example is offered below for a sample
       $750,000 account:

       •   For that portion of the client’s account(s) up to $500,000 the adviser will
           charge an annual fee of 1.30% as described above, resulting in an annual fee
           of $6,500 on the first $500,000; plus

       •   For that portion of the client’s account(s) exceeding $500,000 but not
           exceeding $750,000, the adviser will charge an annual fee of 1 .20% as
           described above, resulting in an annual fee of $3,000 on the portion between
           $500,000 and $750,000.

       This would result in a total annual fee of $9,500 on the sample $750,000 account

The use of a blen ded tiered fee schedule represents a conflict of interest for EAPL in
that the blended fee schedule results in higher fees for EAPL than are collected by advisers
who use a breakpoint schedule for the same or similar services. Fees that are charged

                                                                                           7|Page

through a blended fee schedule result in additional revenue for EAPL as the value of the
account increases. Although new money or increases in the accounts’ values may be
managed at lower rates, the total values of assets in the earlier tiers continue to be managed
at their initial higher rates. Higher assets under management fees may have an adverse
effect on client returns and client portfolios over time. Clients can combine multiple
household accounts to receive a lower tiered schedule fee; and those accounts will be listed
in Exhibit I of the Investment Advisory Contract.

Fees and how they are charged are negotiable, and the final fee schedule will be
memorialized in the client’s advisory agreement. The exact services and fees will be
agreed upon and disclosed prior to services being provided. At our discretion, we can
charge a lesser investment advisory fee or waive a fee entirely based upon certain criteria
including but not limited to: the client’s financial situation and circumstances, the amount
of assets under management and anticipated to be under management, account
householding arrangements, the complexity of the services provided, related accounts,
account composition, grandfathered fee schedules, employees and family members,
courtesy accounts, and negotiations with client, etc. In some cases where the advisory
relationship changes and the scope of services rendered materially expands fees may be
adjusted as mutually agreed to and as evidenced by a signed agreement.

Clients may terminate the agreement without penalty and fee within five business days of
signing the Investment Advisory Contract. Thereafter, the firm or client may terminate the
Investment Advisory Contract by providing 30 day written notice, either (i) by phone, in
which case a follow-up written confirmation will be completed and the effective date will
be calculated from the date of verbal notification, or (ii) by written notice.

Financial Planning Fees

We charge a flat fee of $2500-$7500 for financial planning services, which is negotiable
depending on the scope and complexity of the plan, your situation, and your financial
objectives. An estimate of the total cost will be determined at the start of the advisory
relationship. In limited circumstances, the cost could potentially exceed the initial estimate.
In such cases, we will notify you and request that you approve the additional fee. We
reserve the right to determine whether the financial planning and/or consulting fees will
be waived or offset by the advisory fees earned in the implementation process. The scope
and complexity of the financial planning services provided will determine the waiver or
offset of the fee.

Selection of Other Advisers Fees

Some of the TAMP programs described in this Brochure charge an “all-inclusive” bundled
fee based on the value of the assets in your account. This bundled fee usually includes a
...

Item 7: Types of Clients

EAPL generally provides advisory services to the following types of clients:

       ❖       Individuals
       ❖       High-Net-Worth Individuals
       ❖       Business Owners

There is no account minimum for any of EAPL’s services.

                                                                                                    14 | P a g e

The minimum investment requirement for AssetMark, SEI and Orion is $1,000. The minimum
investment requirement for Brinker is $10,000.