Financial Synergies Wealth Advisors Inc

ITEM 5 - FEES AND COMPENSATION

We are compensated solely via a management fee for our advisory services.

Our fees are charged in one of two ways, as agreed in advance with the client: 1) an annual fee based on a
percentage of assets under management, or 2) a performance-based fee.

Asset-Based Fee

Most of our clients compensate us through an asset-based fee. Under this approach, our management fee is
calculated as a percentage of the value of our client’s account(s) per year. We use a standardized scale to
generate this percentage fee. This fee ranges from 0.75% to 1.50%. In limited cases and under special
circumstances, we will depart from our standardized approach and negotiate a modified scaled fee or flat
percentage fee.

For Clients utilizing the Envestnet Platform, the fee schedule is as follows:

Account Assets         Platform Fee*
First $5,000,000       4 basis points per account, per year
Next $5,000,000        3 basis points per account, per year
Over $10,000,000       2 basis points per account, per year

*This is in addition to the asset-based fee noted above.

    •   Custodial fees and portfolio manager fees (as applicable) are not included within the platform fee.
    •   Access to Envestnet | PMC Research Services included within the Platform Fee.
    •   Minimum annual per account fee: $50

Tax Overlay Services & Impact Overlay Services

Account Assets         Overlay Service Fee
First $10,000,000      10 basis points
Next $15,000,000       8 basis points
Over $25,000,000       5 basis points

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*Accounts utilizing both Impact and Tax overlay service will be charged only one Overlay Service Fee.

Account Minimums

We typically require a minimum of $1,000,000 in assets for Investment Management Services. The minimum
for the Financial Synergies Pathway Program is $500,000, and if the account balance falls below $500,000, a
minimum fee of $395.00 will be paid monthly from an outside account. We can, however, choose to waive our
minimum in certain situations. We may group certain related client accounts for the purposes of determining the
annual fee. Our compensation is based only on a percentage of assets under management.

Subadvisory Arrangements

1) For each Account to which Parametric Portfolio Associates, LLC (“Subadvisor”) provides services we shall
   pay a fee to them ranging from .05% to .035% depending on the size of the account. The client is not
   charged any fees above what is agreed to in the Asset Management Agreement with Financial Synergies.
   The fees and payment arrangements may be negotiable between Financial Synergies and Sub Adviser and
   may vary on a case-by-case basis.
2) For third-party advisory agreements, clients will enter into an agreement directly with the Subadvisor that
   describes the advisory fee and related expenses to be paid to the Subadvisor.

How Fees Are Billed

Unless otherwise agreed, fees are generally directly deducted from the client’s custodial account, in advance, on
a quarterly basis. The first payment is due at the beginning of the first full quarter after the client executes the
Agreement. The first fee will include both the normal quarterly fee paid in advance and a pro-rated fee adjusted
for contributions and withdrawals for the first partial quarter. Subsequent payments are due and will be assessed
on the first day of each calendar quarter. The fee is based on the value of the account as of the close of
business on the last business day of the preceding quarter as valued by the custodian. For additional
contributions greater than or equal to $1,000 made to the accounts during the quarter, fees are pro-rated from
that date to the last day of the quarter. For withdrawals greater than or equal to $1,000 from accounts during a
quarter, fees are refunded on a pro-rata basis. No adjustments are made for additions or withdrawals less than
$1,000. For account balances under $250,000, fees are debited monthly, in advance in accordance with the
executed agreement.

PERFORMANCE-BASED FEE:

Although rare, some clients may prefer a Performance-Based Fee rather than an Asset-Based Fee. We may
enter into this fee arrangement with the client as permitted by applicable regulations. To qualify for a
Performance-Based Fee arrangement, the client must have at least $1,100,000 under our management or a net
worth of more than $2,200,000 – excluding primary residence.

Under a Performance-Based Fee arrangement, we may charge fees of up to 20% of the account’s net profits
generated per calendar quarter provided that such amount is only applied to the portion of the profits that
exceeds any cumulative gains. The fee is calculated and charged on a quarterly basis in arrears using a “high
watermark” methodology – which entails the establishment of a new “watermark” based on the highest level of
cumulative portfolio gains at the end of any given calendar quarter. Contributions to an account increase the
watermark by the amount of the contribution, and withdrawals from an account reduce the watermark by the
amount of the withdrawal. A Performance-Based Fee is charged only if the most recent calendar quarter’s
watermark is higher than any previous quarter’s watermark adjusted for any contributions or withdrawals. The
initial period used for performance-based fees shall be from the date of the first buy through the last day of the
calendar quarter.

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Clients can qualify for Performance-Based Fee breakpoints based on the following chart:

           Portfolio Value                     Client Share of Gain        Our Share of Gain

           $1.1 Mill - $5 Mill                 80%                         20%
           $5 Mill - $10 Mill                  85%                         15%
...

ITEM 7 - TYPES OF CLIENTS

Financial Synergies provides advisory services to individuals, including high net worth individuals, pension and
profit-sharing plans, trusts, estates, charitable organizations, corporations, and other businesses.