Fully Financial LLC

Item 5: Fees and Compensation

A. Fee Schedules

Investment Management and Financial Planning Services (Wealth
Management Services)
Below is a brief description of our fees; however, you should review your executed Advisory
Agreement for more detailed information regarding the exact fees you will be paying. No
increase to the agreed-upon advisory fees outlined in the Advisory Agreement shall occur
without prior Client consent.

Fully Financial bases its fee on the market value of assets under its management and is
negotiable. The fee is calculated according to the following standard fee schedule:

 Total Assets Under Management                     Annual Fee

 First $1,000,000                                    1.00%

 Next $1,000,000                                     0.85%

 Total Assets Under Management                       Annual Fee

 Next $1,000,000                                       0.70%

 Next $2,000,000                                       0.50%

 All assets above $5,000,000                           0.25%

The annual advisory fee is pro-rated and paid monthly in arrears based on the value of
Client’s account(s) as of the last day of the billing period. The advisory fee is a blended fee.

For example, the monthly fees for a client with assets under management of $7,500,000
would be calculated as follows: (($1,000,000 x 1.00%) + ($1,000,000 x 0.85%) + ($1,000,000 x
0.70%) + ($2,000,000 x 0.50%) + (2,500,000 x 0.25%)) / 12 = $3,479.17

In the example above, the client’s blended (or weighted) fee equals 0.56%.

In determining the advisory fee, we may allow accounts of members of the same household
to be aggregated. Fully Financial relies on the valuation as provided by Client’s custodian in
determining assets under management. Clients may make additions or withdrawals from
their account at any time; however, Fully Financial reserves the right to adjust our advisory
fees on a pro-rata basis on account of any such cash-flow transactions.

Fully Financial does not have a minimum investment portfolio requirement. For its services,
Fully Financial implements a minimum annual fee of $4,500, paid monthly in arrears at the
pro-rated amount of $375 per month. Clients who have not yet accumulated $450,000 in
investable assets are subject to the minimum fee. The minimum fee reflects the
comprehensive nature of Fully’s financial planning, investment management, and ongoing
advice, as well as the time and skill required to develop, implement, monitor, and adjust
each Client’s financial plan and investment portfolio. At its discretion, Fully Financial may
waive its minimum fee. Once the Client’s assets under management have accumulated such
that the Client’s advisory fee calculated under the firm’s standard asset-based fee schedule
(see table above) exceeds the minimum fee on an annualized basis (i.e., $375 per month),
the Client will automatically transition to the asset-based standard fee schedule.

In addition, legacy clients pay legacy fee rates that may differ from Fully Financial’s
standard fee rates. Accordingly, a number of current Fully Financial clients have fee
schedules that differ from the standard fee schedule and/or minimum annual fee.

Fees for held-away retirement account management are assessed based on the value of
assets under our discretionary management, consistent with other managed accounts.

These accounts are typically billed at the same rate as other portfolio assets, unless
otherwise agreed.

Project-Based Financial Planning
On rare occasions, financial planning services may be assessed at a fixed-fee or hourly rate
for project-based financial planning. Hourly rates range from $200 per hour to $400 per
hour based on staff expertise and planning complexity. Fees are negotiable and the final
agreed upon fee will be documented in your Advisory Agreement. Fully collects a portion of
the fee in advance with the remainder due upon completion of the services. Fully Financial
will not bill an amount above $500 six months or more in advance of rendering the services.

Retirement Plan Management and Pension Consulting Services
Fully Financial’s fee is based on a percentage of assets under management and is
negotiable. The annualized fees for retirement plan investment consulting services are
based on the following fee schedule:

 Total Assets Under Management                     Annual Fee

 First $5,000,000                                    0.50%

 Next $5,000,000                                     0.40%

 Next $15,000,000                                    0.30%

 All assets above $25,000,000                        0.20%

The annual advisory fee is paid quarterly in arrears based on the value of Client’s account(s)
as of the last day of the billing period. The advisory fee is a blended fee. For example, the
quarterly fees for a client with assets under management of $15,000,000 will be calculated
as follows: (($5,000,000 x 0.50%) + ($5,000,000 x 0.40%) + ($5,000,000 x 0.30%)) / 4 =
$15,000.00

This does not include fees to other parties, such as record keepers, custodians, or
third-party administrators. Fully Financial relies on the valuation as provided by Client’s
custodian in determining assets under management. Our advisory fee is prorated for any
partial billing periods occurring during the engagement, including the initial and
terminating billing periods.

Fully Financial charges a minimum fee of $5,000 per year for corporate retirement plan
management and pension consulting services.

B. Payment of Fees

Payment of Investment Management and Financial Planning Fees
For convenience and as a tax minimization strategy, we deduct our advisory fee from one
or more account(s) held at an unaffiliated third-party custodian, as directed by the Client.
Fees for held-away retirement account management are not deducted directly from the
held-away account and are instead deducted from one or more account(s) held at an
...

Item 7: Types of Clients
Fully Financial provides financial planning, investment advice, and/or management
supervisory services to individuals, high net-worth individuals, pension and profit sharing
plans, charitable organizations, corporations or other businesses, and other investment
advisers. Fully Financial also works with business owners/plan sponsors to implement,
manage, and monitor retirement plans.

Fully Financial does not have a minimum account size requirement. For investment
management and financial planning services, Fully Financial has a minimum annual fee of
$4,500 for clients who have not yet accumulated at least $450,000 in investable assets. For

corporate retirement plan management and pension consulting services, Fully Financial
charges a minimum fee of $5,000 per year.