Grand Central Investment Group LLC

Item 5         Fees and Compensation

   1. Separate Account Portfolio Management

Investment Advisory Fees

Investment advisory fees for portfolio management services are based on the value of assets
managed by the Advisor, calculated as a percentage of assets under management. This fee is
compensation for advisory services and portfolio management rendered by the Advisor.

Fees may be negotiated on a client-by-client basis depending on the client’s specific
financial needs as well as the size, complexity and nature of the portfolio managed and will be
set forth in the investment advisory agreement. Because the Advisor’s fees may be negotiated,
not all clients will pay the same fees.

A client may pay higher or lower fees depending on considerations such as the size of the client’s
account, the amount of time the client has maintained an account with the Advisor (or its
affiliated IAR), and/or the combined market value of related portfolios. While the Advisor believes
that its investment advisory fees are competitive, clients may find lower or higher fees for
comparable services from other sources.

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Maximum annual investment advisory fees for portfolio management are based on the
following tiered schedule that is based on asset levels:

         Assets Under Management             Maximum Annual Fee
         First $250,000                            2.00%
         Next $250,000                             1.625%
         Next $500,000                             1.50%
         Next $1,000,000                           1.25%
         Next $3,000,000                           1.00%
         Over $5,000,000                            .75%

There is no minimum investment; however, the Advisor charges a minimum investment advisory
fee of $1,500 annually. If the account value falls below the minimum investment or is waived, the
client’s account will be subject to the minimum annual account fee, which will result in a higher
percentage fee than set forth in the advisory fee schedule above.

The amount of the investment advisory fee is set forth in the Investment Advisory Agreement
executed by the client at the time the relationship is established.

Investment advisory fees are charged quarterly in advance as a percentage of the portfolio value
on the last business day of the previous quarter or the last value provided by the custodian (if not
valued quarterly). These asset-based fees are assessed on all billable assets under management,
including securities, cash, and money market funds. The initial investment advisory fee will
be prorated based upon the number of days from the first day the Client’s assets are
transferred to Custodian through the end of the quarter in which the assets were
transferred. Subsequently, investment advisory fees are charged and debited from a client’s
account within the first week of each calendar quarter.

The Advisor may make amendments to the investment advisory fee outlined in the Investment
Advisory Agreement at any time with at least 30 days written notice to the client.

Automatic Debiting of Investment Advisory Fees

Upon establishing an account with the Advisor, the client will authorize and direct the
client’s custodian broker-dealer to debit the client’s account for the investment advisory fee
payable from the account, which will result in the client’s custodian broker-dealer sending
the investment advisory fee payable directly to the Advisor.

At the beginning of the quarter, the Advisor will direct the client’s custodian broker-dealer to
debit the client’s designated account(s) the amount of the investment advisory fee.

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If the client’s account does not maintain a sufficient cash or money market balance to cover the
investment advisory fees or is restricted from automatic debiting of fees, the client may deposit
additional funds (subject to certain restrictions for IRA accounts and Qualified Retirement Plans)
or make payment in an alternative manner acceptable to the Advisor. If such funds are not
deposited, certain securities in the client’s account may be liquidated in an amount sufficient to
cover such debits.

Other Charges and Information

The Advisor’s investment advisory fees are separate from charges assessed by third parties, such
as broker-dealers, custodians, or mutual fund companies.

A client incurs brokerage and other transaction costs charged by broker-dealer(s) executing the
transactions and the custodians maintaining the client’s assets. These costs include, but are not
limited to, brokerage transaction and money movement costs, commissions, ticket charges, fed
fund wire fees, custodial fees, and margin interest. These costs are in addition to the Advisor’s
investment advisory fees and are not shared with the Advisor. For additional information, see
“Brokerage Practices” below.

Mutual funds charge an investment management fee, which is in addition to the investment
advisory fee a client pays to the Advisor. Generally, funds also assess administrative fees and
12b-1 fees. The Advisor does not receive any portion of these fees. These fees are in addition
to the investment advisory fees the Advisor charges. The client does not pay these fees directly;
rather, they are deducted from the mutual funds’ assets and will affect the performance
of the investments. These funds’ advisory, administrative, and 12b-1 fees are described in the
funds’ prospectuses. Mutual fund share prices and execution costs differ based on share
class. The Advisor will review the cost of a fund’s share classes in conjunction with execution
costs to assure that it meets its fiduciary duty to obtain best execution.

When investing in an ETP, e.g., exchange traded fund or exchange traded note, a client will bear
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Item 7         Types of Clients

The Advisor generally offers advisory services to individuals, high net worth individuals, pension
and profit-sharing plans, charitable organizations, and corporations or other businesses.

There is no minimum investment for Separate Account Portfolio Management; however, the
Advisor charges a minimum investment advisory fee of $1,500 annually.

                                                                                 ADV 2A- 04/2026