Garcia Hamilton & Associates LP

Item 5: Fees & Compensation

   A. Description
   Our annual fees for Investment Management Services are generally based upon a percentage of assets
   under management, typically payable quarterly in arrears. On a case-by-case basis, an appropriate fee
   structure based on the size, complexity and investment objectives of the client's account can be entered
   into by Garcia Hamilton & Associates, L.P. Fee arrangements can include a combination of a
   management fee and incentive fee or can be solely limited to an incentive-based fee. All fees, whether
   percentage of assets under management and/or percentage of the difference between a client’s account
   return and the return of an appropriate benchmark, will be determined by the client's individual
   circumstances and will be mutually agreed upon before entering into an arrangement in the client's
   Investment Management Agreement.

   Separate Account Portfolio Management Fees
   The typical fee schedule for discretionary Separate Account Portfolio Management services is as
   follows:

       Aggregate Strategy
               Assets Under Management                                   Annual Fee
                     First $25 Million                                           0.25%
                     Next $25 Million                                            0.20%
                     Next $50 Million                                            0.18%
                     Next $100 Million                                           0.15%
                     Thereafter                                                  0.09%

       Intermediate Aggregate Strategy
               Assets Under Management                                   Annual Fee
                     First $25 Million                                           0.25%
                     Next $25 Million                                            0.20%
                     Next $50 Million                                            0.14%
                     Next $100 Million                                           0.12%
                     Thereafter                                                  0.09%

       Government/Credit Strategy
               Assets Under Management                                   Annual Fee
                     First $25 Million                                           0.25%
                     Next $25 Million                                            0.20%
                     Next $50 Million                                            0.18%
                     Next $100 Million                                           0.15%
                     Thereafter                                                  0.09%

       Intermediate Government/Credit Strategy
               Assets Under Management                                   Annual Fee
                     First $25 Million                                           0.25%
                     Next $25 Million                                            0.20%
                     Next $50 Million                                            0.14%
                     Next $100 Million                                           0.12%
                     Thereafter                                                  0.09%

                             ADV Part 2A – Firm Brochure

Short Duration Government Strategy
        Assets Under Management                                    Annual Fee
              First $25 Million                                             0.14%
              Next $25 Million                                              0.12%
              Next $50 Million                                              0.07%
              Thereafter                                                    0.06%

Short Duration Government/Credit Strategy
        Assets Under Management                                    Annual Fee
              First $25 Million                                             0.14%
              Next $25 Million                                              0.12%
              Next $50 Million                                              0.08%
              Thereafter                                                    0.07%

Short Duration Opportunistic Strategy
        Assets Under Management                                    Annual Fee
              First $25 Million                                             0.14%
              Next $25 Million                                              0.12%
              Next $50 Million                                              0.08%
              Thereafter                                                    0.07%

Cash Strategy
                             0.06% of Assets Under Management

Account Management Fee Calculations
Garcia Hamilton & Associates, L.P. typically charges a fee for account management that is
calculated as a percentage of the assets under management according to the relevant fee schedule.
Fees are based on the value of the account at the end of each billing period. The fee is prorated for
periods less than a full billing cycle and adjusted to cover significant additional contributions made
during that period.

The fees of some historical accounts are payable quarterly in advance and are based upon a
percentage of assets under management or other valuations as outlined in the client’s Investment
Management Agreement.

Limited Negotiability of Advisory Fees
Although Garcia Hamilton & Associates, L.P. has established the aforementioned fee schedule(s),
the Firm retains the discretion to negotiate alternative fees on a client-by-client basis. In
determining the alternative fee schedule, the Firm will consider client facts, circumstances, and
needs that include, but are not limited to, the complexity of the client, assets to be placed under
management, anticipated future additional assets, related accounts, portfolio style, account
...

Item 7: Types of Clients

   A. Description
   Garcia Hamilton & Associates, L.P. offers its investment management services to a wide variety of
   clients, including the following client types:

       •   Banking or thrift institutions (including collective investment trusts/funds)
       •   Charitable organizations
       •   Commingled Investment Trust
       •   Corporations or other businesses not listed above
       •   High net worth individuals
       •   Investment companies (including mutual funds)
       •   Pension and profit sharing plans (other than plan participants)
       •   State or municipal government entities
       •   Other

   As previously disclosed in Item 5, our Firm has established certain initial minimum account
   requirements, based on the nature of the service(s) being provided. For a more detailed understanding
   of those requirements, please review the disclosures provided in each applicable service.

                                    ADV Part 2A – Firm Brochure