Estate Management Counselors LLC

Item 5 Fees and Compensation

Description

ESTATE MANAGEMENT COUNSELORS, LLC bases its fees on a percentage of assets under
management, hourly charges, fixed fees (not including subscription fees).

Some Retainer Agreements may be priced based on the complexity of work, especially when asset
management is not the most significant part of the relationship.

Financial plans are priced according to the degree of complexity associated with the client's situation.

Fees are negotiable and agreed to between ESTATE MANAGEMENT COUNSELORS, LLC and the
client.

Fee Billing

Investment management fees are billed quarterly, in advance, meaning that we invoice you before the
three-month billing period has begun. The fee is based on the closing quarter-end account aggregate
value. Payment in full is expected upon invoice presentation. Fees are usually deducted from a
designated client account to facilitate billing. The client must consent in advance to direct debiting of
their investment account.

We will send you an invoice for the payment of our advisory fee, or we will deduct our fee directly from
your account through the qualified custodian holding your funds and securities. We will deduct our
advisory fee only when you have given our firm written authorization permitting the fees to be paid
directly from your account. Further, the qualified custodian will deliver an account statement to you at
least quarterly. These account statements will show all disbursements from your account. You should
review all statements for accuracy.

Fees for financial plans are normally billed 50% in advance, with the balance due upon delivery of the
financial plan.

Other Fees

Custodians may charge transaction fees on purchases or sales of certain mutual funds and exchange-
traded funds. These transaction charges are usually small and incidental to the purchase or sale of a
security. The selection of the security is more important than the nominal fee that the custodian
charges to buy or sell the security.

ESTATE MANAGEMENT COUNSELORS, LLC, in its sole discretion, may waive its minimum fee
and/or charge a lesser investment advisory fee based upon certain criteria (e.g., historical relationship,
type of assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts
of assets to be managed, related accounts, account composition, negotiations with clients, etc.).

Some Investment Management Service Agreement fees are calculated on a formula basis and
adjusted for complexity of individual situations. The formula is based on complexity, time commitment
and other financial considerations.

Expense Ratios

Mutual funds generally charge a management fee for their services as investment managers. The
management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the
mutual fund company charges 0.5% for their services. These fees are in addition to the fees paid by
you to ESTATE MANAGEMENT COUNSELORS, LLC.

Performance figures quoted by mutual fund companies in various publications are after their fees have
been deducted.

Past Due Accounts and Termination of Agreement

ESTATE MANAGEMENT COUNSELORS, LLC reserves the right to stop work on any account that is
more than ninety (90) days overdue. In addition, ESTATE MANAGEMENT COUNSELORS, LLC
reserves the right to terminate any financial planning engagement where a client has willfully
concealed or has refused to provide pertinent information about financial situations when necessary
and appropriate, in ESTATE MANAGEMENT COUNSELORS, LLC's judgment, to providing proper
financial advice. Any unused portion of fees collected in advance will be refunded within thirty (30)
days.

Item 7 Types of Clients

Description

ESTATE MANAGEMENT COUNSELORS, LLC generally provides investment advice to individuals,
trusts, estates, corporations or business entities. Advice is provided to individuals pertaining to their
individual pension and profit sharing plans. ESTATE MANAGEMENT COUNSELORS, LLC does not
provide investment advice directly to pension and profit sharing plans or investment companies.

Client relationships vary in scope and length of service.

Account Minimums

The minimum account size is $50,000.00 of assets under management, which equates to an annual
fee of $500.00.

When an account falls below $50,000.00 in value, the minimum annual fee of $500.00 may be
charged. Depending upon circumstances, ESTATE MANAGEMENT COUNSELORS, LLC will sign an
Hourly Agreement with the client if assets have diminished significantly below $50,000.00.

ESTATE MANAGEMENT COUNSELORS, LLC has the discretion to waive the account minimum.
Accounts of less than $50,000.00 may be set up when the client and the advisor anticipate the client
will add additional funds to the accounts bringing the total to $50,000.00 within a reasonable time.
Other exceptions will apply to employees of ESTATE MANAGEMENT COUNSELORS, LLC and their
relatives, or relatives of existing clients.

Clients receiving ongoing asset management services may be assessed a $500.00 minimum annual
fee. Clients with assets below the minimum account size may receive written notification to request
additional assets be deposited within a reasonable time or the investment management relationship
will be terminated.