GKFO LLC

Item 5. Fees and Compensation

GKFO offers its services on a fee basis, which include monthly and fixed fees, as well as fees based upon
assets under management. Additionally, certain of GKFO’s Supervised Persons, in their individual
capacities, offer insurance products under a commission arrangement.

Investment Management Fees

For investment management services, the firm charges an annual fee based upon the amount of assets
being managed by GKFO. The annual fee ranges between 0.00% - 0.65%, depending upon the amount of
assets under management and the type of management services to be rendered. This fee is prorated and
charged quarterly in advance, based upon the market value of the assets being managed by GKFO on the
last day of the previous quarter. Where market value is not available for the last day of the previous quarter,
GKFO will use the most recently available market value to calculate asset-based fees.

GKFO, in its sole discretion, may negotiate to charge a lesser management fee based upon certain criteria
(i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
managed, related accounts, account composition, pre-existing client, account retention, pro bono activities,
etc.).

For GKFO clients who engage the recommended Unified Managed Accounts services from third-party
unified managed account platforms, the client typically incurs additional fees from a third-party platform
provider that is unaffiliated with GKFO. These third-party platform providers typically charge an annual fee
that ranges from 0.10% and 0.20%, depending on the investment strategy implemented, and an additional
10 basis points for certain clients that need additional tax management services in relationship to their
account. There are also certain minimum quarterly fees that range from $12.50 to $62.50 for clients whose

corresponding annual fees do not reach these quarterly threshold levels. These fees are described in the
various Managed Account Agreements.

Fees Charged by Financial Institutions

As further discussed in response to Item 12 (below), GKFO generally recommends that clients utilize the
brokerage and/or clearing services Pershing Advisor Solutions (“Pershing”), Charles Schwab, Inc.
(“Schwab”) and/or ADM Investor Services, Inc. (“ADMI”) for investment management accounts.

GKFO will only implement its investment management recommendations after the client has arranged for
and furnished GKFO with all necessary information and authorization regarding the accounts held at their
respective financial institutions. Financial institutions include, but are not limited to, those broker-dealers
discussed above, any other broker-dealer recommended by GKFO, broker-dealer directed by the client,
trust companies, banks etc. (collectively referred to herein as the “Financial Institutions”).

Clients incur certain charges imposed by the Financial Institutions and other third parties such as custodial
fees, fees charged by the Independent Managers, charges imposed directly by a mutual fund or ETF in the
account, which are disclosed in the fund’s prospectus (e.g., fund management fees and other fund
expenses), 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. Additionally, clients
incur brokerage commissions and transaction fees. Such charges, fees and commissions are exclusive of
and in addition to GKFO’s fee.

Fee Debit

GKFO’s Agreement and a separate agreement with any Financial Institutions authorize GKFO and/or
certain Independent Managers to debit the client’s account for the amount of GKFO’s fee and to directly
remit that management fee to GKFO. The Financial Institutions recommended by GKFO have agreed to
send a statement to the client, at least quarterly, indicating all amounts disbursed from the account including
the amount of management fees paid directly to GKFO. Alternatively, clients may elect to have GKFO send
an invoice for payment.

Fees for Management During Partial Periods of Service

For the initial period of investment management services, the fees are calculated on a pro rata basis.

The Agreement between GKFO and the client will continue in effect until terminated by either party pursuant
to the terms of the Agreement. GKFO’s fees are prorated through the date of termination and any remaining
balance is charged or refunded to the client, as appropriate.

Clients may make additions to and withdrawals from their account at any time, subject to GKFO’s right to
terminate an account. Additions may be in cash or securities provided that GKFO reserves the right to

liquidate any transferred securities or decline to accept particular securities into a client’s account. Clients
may withdraw account assets on notice to GKFO, subject to the usual and customary securities settlement
procedures. However, in some cases, GKFO designs its portfolios as long-term investments and the
withdrawal of assets may impair the achievement of a client’s investment objectives. GKFO may consult
with its clients about the options and ramifications of transferring securities. However, clients are advised
that when transferred securities are liquidated, they are subject to transaction fees, fees assessed at the
mutual fund level (i.e. contingent deferred sales charge) and/or tax ramifications.

If investment management assets are deposited into or withdrawn from an account after the inception of a
quarter, the fee payable with respect to such assets will not be adjusted or prorated based on the number
of days remaining in the quarter.

Item 7. Types of Clients

GKFO provides its services to individuals, pension and profit-sharing plans, trusts, estates, charitable
organizations, corporations and business entities.

No Minimums

The firm does not impose a minimum portfolio value or minimum annual fee for new or existing family office
or investment management engagements.

Minimum Account Requirements

GKFO does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an
investment management relationship. Certain Independent Managers may, however, impose more
restrictive account requirements and billing practices from the Firm. In these instances, GKFO may alter
its corresponding account requirements and/or billing practices to accommodate those of the Independent
Managers.