Financial Management Services of America LLC

Item 5 – Fees and Compensation

Fees are billed quarterly in arrears as per fee schedule below:

Assets                        Annualized             Quarterly

$1.00 to $99,999.00               2.5000%      or       0.6250%

$100,000.00 to $249,999.00         1.9800%     or        0.4950%

$250,000.00 to $749,999.00         1.5000%     or        0.3750%

$750,000.00 to $999,999.00         1.2500%     or        0.3125%

$1,000,000.00 and over            1.0000%      or        0.2500%

The specific manner in which fees are charged by FMSA is established in a client’s written agreement
with FMSA. FMSA will generally bill its fees in arrears on a quarterly basis. Clients may also elect to be
billed directly for fees or to authorize FMSA to directly debit fees from client accounts. Management
fees shall be prorated for each capital contribution and withdrawal made during the applicable calendar
quarter (with the exception of de minimis contributions and withdrawals). Accounts initiated or
terminated during a calendar quarter will be charged a prorated fee. Upon 30 day, notice of termination
of any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will
be due and payable.

FMSA’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Fees are negotiable for accounts. Clients may incur

certain charges imposed by custodians, brokers, third party investment and other third parties such as
fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes,
wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees, which are
disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to FMSA’s fee, and FMSA shall not
receive any portion of these commissions, fees, and costs.

FMSA can also bill at up to $175 per hour to design Financial Plans and Review of accounts not custody
with us

Item 7 – Types of Clients

FMSA provides portfolio management services to individuals, high net worth individuals, corporate
pension and profit-sharing plans, municipalities, and trust programs