Family Office Research LLC

Item 5: Fees & Compensation
How We Are Compensated for Our Advisory Services

Asset Management:

                 Assets Under Management           Annual Percentage of Assets Charge
                       $0 - $2,000,000                       1.50%
                   $2,000,001 - $5,000,000                   0.75%
                  $5,000,001 - $20,000,000                   0.50%
                      Over $20,000,000                       0.25%

Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the value of
your account on the last day of the previous quarter. Unless otherwise noted in writing, our firm bills
on cash. Fees will be deducted from your managed account. In rare cases, we will agree to directly
bill clients. As part of this process, you understand and acknowledge the following:

ADV Part 2A – Firm Brochure                    Page 6                              Family Office Research, LLC

    a) Your independent custodian sends statements at least quarterly to you showing the market
       values for each security included in the Assets and all disbursements in your account
       including the amount of the advisory fees paid to us;
    b) You provide authorization permitting us to be directly paid by these terms. We send our
       invoice directly to the custodian; and
    c) If we send a copy of our invoice to you, it will include a legend urging you to compare
       information provided in our statement with those from the qualified custodian.

The maximum annual fee charged to clients utilizing Third Party Managers will not exceed the
maximum fee published above for this service. Our firm will debit fees for this service as disclosed in
the executed advisory agreement between the client and our firm. This fee shall be distinct from any
fees assessed by the chosen third party money manager. The third party money managers we
recommend will not directly charge you a higher fee than they would have charged without us
introducing you to them. Third party money managers establish and maintain their own separate
billing processes over which we have no control. They will directly bill you and describe how this
works in their separate written disclosure documents.

Financial Planning & Consulting:

We charge on a flat fee basis for 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. Flat fees generally range from $5,000 to $10,000. We require a retainer of 50%
of the ultimate financial planning or consulting fee with the remainder of the fee directly billed to you
and due to us upon presentation of the financial plan or consultation rendered to you. In all cases, we
will not require a retainer exceeding $1,200 when services cannot be rendered within 6 months.

Retirement Plan Consulting:

Our Retirement Plan Consulting services are billed on an hourly or flat fee basis or a fee based on the
percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. The maximum
hourly fee to be charged will not exceed $250. Our flat fees range from $750 to $10,000. Fees based
on a percentage of managed Plan assets will not exceed 1.5%. The fee-paying arrangements for
Retirement Plan Consulting service will be determined on a case-by-case basis and will be detailed
in the signed consulting agreement. Clients will either be invoiced directly for the fees, or the fees
will be debited from plan assets by the plan custodian and then paid to Family Office Research.

Other Fees:

Clients will incur transaction charges for trades executed in their accounts. These transaction fees
are separate from our firm’s advisory fees and will be disclosed by the chosen custodian. Clients may
also pay holdings charges imposed by the chosen custodian for certain investments, charges imposed
directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in the fund’s
prospectus (e.g., fund management fees, distribution fees, surrender charges, variable annuity fees,
IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads paid to market makers,
fees for trades executed away from custodian, wire transfer fees and other fees and taxes on
brokerage accounts and securities transactions). Our firm does not receive a portion of these fees.

Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for U.S. listed equities and
exchange traded funds for clients who opt into electronic delivery of statements or maintain at least

ADV Part 2A – Firm Brochure                    Page 7                              Family Office Research, LLC

$1 million in assets at Fidelity. Clients who do not meet either criteria will be subject to transaction
fees charged by Fidelity for U.S. listed equities and exchange traded funds.

Termination and Refunds

Either party may terminate the advisory agreement signed with our firm for Asset Management
service in writing at any time. Upon notice of termination our firm will process a pro-rata refund of
the unearned portion of the advisory fees charged in advance.

Financial Planning & Consulting clients may terminate their agreement at any time before the
delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work
performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.
Clients will receive a pro-rata refund of unearned fees based on the time and effort expended by our
firm.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
written notice to the other party. Full refunds will only be made in cases where cancellation occurs
within 5 business days of signing an agreement. After 5 business days from initial signing, either
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Item 7: Types of Clients & Account Requirements
We accept the following types of clients:
    Individuals;
    Trusts, Estates or Charitable Organizations;
    Pension, Defined Contribution and Profit Sharing Plans; and
    Corporations, limited liability companies and/or other business types.

We require a minimum account balance of $2,000,000 for our asset management service. This
minimum account balance requirement may be negotiable in certain circumstances