Glassman Wealth Services LLC

Item 5           Fees and Compensation

   A. INVESTMENT ADVISORY SERVICES
      If a client determines to engage GWS to provide discretionary investment advisory services on a
      fee-only basis, GWS’ negotiable annual investment advisory fee will be based upon a percentage
      (%) of the market value and type of assets placed under GWS’ management. The annual investment
      advisory fee will generally be:

                                             ASSETS VALUE                                BASE FEE
         Initial                             up to $2,000,000                              1.00%
         Then the next $3 million from       $2,000,001 - $5,000,000                       0.75%
         Then the next $5 million from       $5,000,001 - $10,000,000                      0.50%
         Then the next $15 million from      $10,000,001 - $25,000,000                     0.25%
                                             Above $25,000,000                            negotiable

         GWS’ fee is subject to the terms and conditions of the Investment Advisory Agreement, depending
         upon various factors including but not limited to: the amount of assets to be managed; account
         composition; the scope and complexity of the engagement; the anticipated number of meetings and
         servicing needs; related accounts; future earning capacity; anticipated future additional assets; the
         professional(s) rendering the service(s); competition, and negotiations with the client. As a result
         of these factors, similarly situated clients could pay different fees (see Fee Dispersion below).
         Moreover, the services to be provided by GWS to any particular client could be available from
         other advisers at lower fees. In limited circumstances, GWS also makes certain other fee schedules
         available to clients, including tiered, set rate, and flat dollar arrangements. All clients and
         prospective clients should be guided accordingly. Related accounts are grouped for fee billing
         breakpoint purposes, a process known as “householding.”

         Please Also Note: GWS also generally requires a $2,000,000 minimum asset level and a $20,000
         minimum annual fee for investment advisory services. Please refer to Item 7 below for more
         information in this respect. In the event that the client is subject to an annual minimum fee, the

    client could pay a higher percentage fee than referenced above. GWS’ minimum fee can be waived,
    reduced, or increased.

    Fee Dispersion. GWS, in its discretion, may charge a lesser or higher investment advisory fee,
    charge a flat fee, wave its minimum fee, waive its fee entirely, exclude assets from billing, or charge
    a fee on a different interval, 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, complexity of the engagement, anticipated services to be rendered,
    grandfathered fee schedules, employees and family members, courtesy accounts, competition,
    negotiations with client, etc.). GWS generally does not bill on certain types of 529 plans and donor
    advised funds, with exceptions for larger managed accounts. Please Note: As result of the above,
    similarly situated clients could pay different fees. In addition, similar advisory services may be
    available from other investment advisers for similar or lower fees. ANY QUESTIONS: GWS’
    Chief Compliance Officer, Barry Glassman, remains available to address any questions that a client
    or prospective client may have regarding advisory fees.

    GWS’ Chief Compliance Officer, Barry Glassman, remains available to address any
    questions that a client or prospective client may have regarding its fees, and minimum asset
    levels and fees.

    FINANCIAL PLANNING AND CONSULTING SERVICES
    GWS may determine to provide financial planning and/or consulting services (including
    investment and non-investment related matters, including estate planning, insurance planning, etc.)
    on a stand-alone fee basis. GWS’ negotiable financial planning and consulting fees generally range
    between $500 and $10,000 on a fixed-fee basis subject to the terms and conditions of the Financial
    Planning and Consulting Agreement, depending upon the level and scope of the service(s) required
    and the professional(s) rendering the service(s). If the client engages GWS for additional
    investment advisory services, GWS may offset all or a portion of its fees for those services based
    upon the amount paid for the financial planning and/or consulting services.

    RETIREMENT PLAN CONSULTING SERVICES
    If a client determines to engage GWS to provide retirement plan consulting services, the terms and
    conditions of the engagement will be set forth in a Retirement Plan Services Agreement between
    GWS and the plan sponsor. GWS charges a negotiable annual fee for retirement plan consulting
    services, which generally ranges between 0.25% and 1.00% of plan assets, depending on the level
    and scope of services requested, the professional(s) rendering the service(s), and the size of the plan.

B. Clients may elect to have GWS’ fees deducted from their custodial accounts. The applicable form
   of Agreement and the custodial/clearing agreement may authorize the custodian to debit the account
   for the amount of GWS’ fees and to directly remit that fee to GWS in compliance with regulatory
   procedures. In the limited event that GWS bills the client directly, payment is due upon receipt of
   GWS’ invoice. GWS’ annual fee shall be prorated and paid quarterly, in arrears, based upon the
   market value of the Assets on the last business day of the previous quarter (rounded to the nearest
...

Item 7           Types of Clients

         GWS’ clients will generally include: individuals, high net-worth individuals, pension and profit
         sharing plans, and charitable organizations. GWS also generally requires a $2,000,000 minimum
         asset level and could impose a minimum annual fee for investment advisory services. In the event
         that the client is subject to an annual minimum fee, the client could pay a higher percentage fee
         than referenced at Item 5 above

         GWS, in its discretion, may charge a lesser or higher investment advisory fee, charge a flat fee,
         waive its minimum fee, waive its fee entirely, exclude assets from billing, or charge a fee on a
         different interval, 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, complexity of the engagement, anticipated services to be rendered, grandfathered fee
         schedules, employees and family members, courtesy accounts, competition, negotiations with
         client, etc.). GWS generally does not bill on certain types of 529 plans and donor advised funds,
         with exceptions for larger managed accounts. Please Note: As result of the above, similarly situated
         clients could pay different fees. In addition, similar advisory services may be available from other
         investment advisers for similar or lower fees. ANY QUESTIONS: GWS’ Chief Compliance
         Officer, Barry Glassman, remains available to address any questions that a client or prospective
         client may have regarding advisory fees.