Goldfarb Financial Management LLC

Item 5 - Fees and Compensation

Fees
Fees for services will be by agreement between GFM and the client. Lower fees for comparable
services may be available from other sources.
GFM provides its clients either or a combination of the following services: financial planning
services, portfolio management services, and/or pension consulting services.
GFM provides services on an hourly-fee basis, fixed fees, or based on assets under management.
GFM will determine the fee charged to the client based on the consultation between GFM and the
client. GFM will consider the size of the account, and the investment advisory services that it
requests.
For financial planning services, GFM charges the following fees or a combination of the following
fees: (i) monthly fixed fees determined by the size of the account and additional services
requested, and/or (ii) hourly fees, which at no time shall exceed $750 per hour. The fees will be
determined depending on the client and based on the consultation between GFM and the client.
Fees are negotiable at the sole discretion of GFM.
For portfolio management services, GFM charges the following fees or a combination of the
following fees: (i) monthly fixed fees determined by the size of the account and additional services
requested; (ii) hourly fees, which at no time shall not exceed $750 per hour; and/or (iii) percentage of
assets under management, which at no time shall exceed 2% of assets under management per year.
The fees will be determined depending on the client and based on the consultation between GFM and
the client. Fees are negotiable at the sole discretion of GFM.
For pension consulting services, GFM charges the following fees or a combination of the following
fees: (i) monthly fixed fees determined by the size of the account and additional services requested;
and/or (ii) hourly fee, which at no time shall exceed $750 per hour. The fees will be determined
depending on the client and based on the consultation between GFM and the client. Fees are
negotiable at the sole discretion of GFM.

Fee Billing
Fees for investment management, investment advisory services, and pension consulting services are
typically billed monthly, in ARREARS, meaning that we invoice you AFTER the one-month
billing period has ENDED. Payment in full is expected upon invoice presentation. The client must
consent in advance to direct debiting of their investment account.
Clients are sometimes required to pay fees in advance for investment advisory services, depending
on the type of fee schedule is agreed upon. Upon termination of the agreement with the client prior to
the end of a billing period, if the client made an advance payment, GFM will refund any unearned

                                  Goldfarb Financial Management, LLC

portion of the advance payment. If the agreement was billed on an hourly basis, then GFM will
refund any unearned portion of the advance payment. If the agreement was based on a fixed fee, then
the amount refunded will be prorated based on the term of the agreement.

Other Fees
GFM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, 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.

Such charges, fees and commissions are exclusive of and in addition to GFM’s fee, and GFM shall
not receive any portion of these commissions, fees, and costs.
GFM does not accept compensation for the sale of securities or other investment products,
including asset based sales charges or service fees from the sale of mutual funds.
GFM, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with clients, etc.).

                                  Goldfarb Financial Management, LLC

Item 7 – Types of Clients
GFM generally provides advisory financial planning services, pension consulting services, and
portfolio management services to individuals, high net worth individuals, trusts, estates,
corporations, and businesses.
Client relationships vary in scope and length of service.

Requirement for Opening Accounts (Minimum Investment Amount)
GFM’s fees for each particular service are subject to negotiation and could vary depending upon
circumstances, including the scope of the services to be provided. GFM generally requires a
minimum account size of $10,000,000 as a requirement for opening and/or maintaining an
account, subject to exceptions.

                                 Goldfarb Financial Management, LLC