Glen Eagle Advisors LLC

Item 5 – Fees and Compensation
The programs described earlier in this document all have a fee based on a percentage of assets under
management.

Glen Eagle Wrap Fee and Non-Wrap Fee Programs. Pursuant to the Advisory Agreement signed
by each client, the client will pay quarterly fees based on the amount of assets to be managed by GEA
as of the opening of business on the first day of each calendar quarter. At account inception, fees are
billed from the date the account is opened through the end of that calendar quarter in advance.
Thereafter, fees are billed in advance for the next calendar quarter based on the value of the assets
at the end of the prior calendar quarter. The fee schedule is as follows:

Fees for individual Glen Eagle Wrap Fee Program accounts fees are as follows:

 Portfolio Increment                Annual Client Fee
 First $5,000,000                   Not to Exceed 2.00%
 Over $5,000,000                    Not to Exceed 2.00%

These fees may be adjusted if mutually agreed upon by the client and the Glen Eagle Advisors. As
directed by the client, asset management fees will be deducted from the client account in advance on
a monthly or quarterly basis by the custodian. Unused asset management fees are refundable,
calculated on a pro-rata basis if the client terminates the investment advisory relationship.

Glen Eagle Advisors, LLC imposes a minimum account size requirement of $15,000.

Glen Eagle Advisors, LLC will not provide custodial or other administrative services. At no time will
Glen Eagle Advisors, LLC accept or maintain custody of a client’s funds or securities. Glen Eagle
Advisors, LLC is the Wrap-Fee Program sponsor.

  Glen Eagle Advisors, LLC                                                               Form ADV Part 2A

Clients may request to terminate their advisory contract with Glen Eagle Advisors, LLC, in whole or
in part, by providing 30 days advance written notice.

Non-Wrap Fee Program: This program provides clients the investment management services of the
investment advisor, for a fee based on the level of client assets in the managed accounts. In addition
to the basic management services, the program offers performance reporting for the listed managed
accounts. The annual client fee does not include fee associated with the account(s) opening or
maintenance, transaction charges or certain additional expenses related to the investments in the
account such as 12(b)-1 fees, redemption fees and other internal expense fees.
The pricing for this program is as follows:

 Portfolio Increment                    Annual Client Fee
 All Asset Levels                       Not To Exceed 2.00%

The fee is also pro-rated, depending on when the assets enter the account. Generally, the value of the
account assets is assessed at the end of the month. The initial account fee is pro-rated based on the
time remaining in the current calendar quarter. After the first payment, the assets are generally
valued on the last day of the calendar quarter, and the fees calculated and charged in the following
month.

Glen Eagle Advisors, LLC, in its sole discretion, may reduce the management fee based upon certain
criteria such as anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, pre-existing client, account
retention, or for other reasons. Fee adjustments will be recorded in the books and records of GEA,
including where applicable fee discounts. Glen Eagle Advisors, LLC does not impose a minimum
account size for its non-wrap fee program clients. For wrap fee program clients, an account minimum
of $15,000 is required.

Clients may pay fees that are in addition to Glen Eagle Advisors, LLC’s annual fee. The clearing firm
may charge transaction fees, odd lot differentials, transfer taxes, wire transfer and electronic fund
fees, and other related costs and expenses. Mutual funds and exchange-traded funds also charge
internal management fees, which are disclosed in each fund’s prospectus. Except as provided for in
any applicable wrap fee program, the brokerage commissions and/or transaction fees charged by
Pershing or any other designated broker dealer are exclusive of and in addition to Glen Eagle
Advisors, LLC’s fee.

The Glen Eagle Investment Advisory Agreement and any separate agreements with other financial
institutions may authorize the Firm or other financial institution to charge the investment advisory
account for management fees and credit those amounts to Firm accounts, in accordance with
applicable custody rules. Customer account statements are produced and delivered at least quarterly
by the custodians which show the amount of the management fee(s) charged to the account, and paid
to the Firm or other financial institutions.

The client and/or the Firm have the ability to terminate the Advisory Agreement for one or more
accounts with 30 days prior written notice. Accounts initiated or terminated during a calendar

 Glen Eagle Advisors, LLC                                                        Form ADV Part 2A

quarter will be charged a pro-rated fee until the termination date. Upon termination of any account,
any prepaid, unearned fees will be refunded, and any unpaid fees will be due and payable.

Where the Firm’s compensation is included in the advisory fee charged by independent managers
which the client engages, GEA shall be compensated for its services by receipt of a portion of the fee
paid directly to the independent managers. GEA will not charge any additional fees, and the client
does not pay a higher fee then they would if they engaged the independent manager directly.

Should a client’s financial situation, investment needs, and/or risk tolerance lead to
recommendations for such products, the Adviser will seek to recommend appropriate products that
typically use a class of mutual fund shares designed for advisory accounts and generally does not pay
...

Item 7 – Types of Clients
GEA provides investment management services to individuals, high net worth individuals, corporate
pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business
entities. GEA does not impose a minimum account size requirement on non-Wrap-Fee Program
accounts. However, certain annuity sponsors or independent managers may impose more restrictive
account requirements and different billing practices than GEA.