Florek Financial LLC

Item 5 – Fees and Compensation

Investment Management Fees

The Advisor is compensated for investment management services based on clients’ assets under
management and the extent to which tax and financial/wealth planning services are desired. Fees
are paid quarterly in arrears and are negotiable based on such factors as the size of the client
account, anticipated client future earnings capacity, anticipated future assets under management,
related accounts, account composition, pre-existing client relationships, account retention or pro-
bono activities.

                                     Florek Financial, LLC
                                 46 Railroad Avenue, Suite 201
                                      Duxbury, MA 02332
                                     Phone: (781) 934-9400                                       Page 5

Fees are due on the first day of the calendar quarter and are based on the account’s asset value as
of the last business day of the prior calendar quarter. Fees are prorated for accounts opened during
the quarter. All securities held in accounts managed by the Advisor will be independently valued
by the Custodian.

The Advisor deducts fees directly from client accounts after first obtaining client consent. Clients
may also choose to be billed for services instead of having their fees directly debited from client
accounts.

Advisory fees are based on the following schedule:

Investment Management Fee:                            0.60% of Assets Under Management

Comprehensive Wealth Management
and/or Tax Advisory:                                  Negotiated Fee

The Advisor charges clients a minimum annual fee of $18,000 or $4,500 per quarter.

Fees may be negotiable at the discretion of the Advisor. Clients may be charged a fee that is
different from the minimum fee or fee schedule.

The account custodian may charge fees, which are in addition to and separate from advisory fees.
Custodians may charge accounts for transaction, retirement plan and administration fees. Mutual
funds, exchange traded funds, and separate account managers have annual expenses and may
assess other fees, which are described in each investment’s prospectus. Advisory clients should
note that fees for comparable services vary and lower or higher fees for comparable services may
be available from other sources.

Either party may terminate the advisory agreement upon written notice. Upon termination, fees will
be prorated to the date of termination, and any unearned portion of the fee will be refunded to the
client.

Financial Planning and Tax Compliance Fees

Fees for the Advisor’s financial planning and tax compliance services are negotiable depending
on the scope and complexity of the work involved. There is no stated minimum fee and the cost
of the service for investment advisory clients is often incorporated into the Advisor’s “Investment
Management Fee” discussed above.

Fees for financial planning and tax compliance for clients who do not use the Advisor for
investment advisory services are negotiable.

Item 7 – Types of Clients

The Advisor provides advisory services to:

    High net worth individuals
    Individuals, including their trusts, estates, 401(k) plans, pensions, and IRAs and those of
     their family members

Account Minimums

The Advisor does not impose a minimum account requirement on clients.