Grandview Asset Management LLC

Fees and Compensation

Fees Charged

All clients will be required to execute a written agreement that will describe the type of services to be
provided and the fees, among other items.

Our Wrap Fees

Generally, our wrap fees range between 1.00% to 1.50% per annum of the market value of a client’s
assets managed by GrandView. The fees stated are a guide. Fees are negotiable and may be higher
or lower that the above range, based on the nature of the account. Factors affecting fee percentages
include the size of the account, complexity of asset structures, and other factors.

Because our wrap fees are not tied to an account’s frequency of trading and apply generally to all
assets in the account, this fee arrangement is not appropriate for all accounts. For example, a wrap fee
arrangement would not be appropriate for an account that holds primarily cash and cash equivalents,
fixed income securities, or no-transaction-fee mutual funds for a substantial period of time. GrandView
does not include any custodial accounts in the wrap fee program. We do not charge our clients higher
advisory fees based on their trading activity, but you should be aware that we may have an incentive
to limit our trading activities in your account(s) because we are charged for executed trades.

Investment advisory fees will be debited directly from each client’s account. The advisory fee is paid
quarterly, in advance, and the value used for the fee calculation is the net value as of the last market
day of the previous quarter. This means that if your annual fee is 1.50%, then each quarter we will
multiply the value of your account by 1.50% then divide by 4 to calculate our fee. No adjustments are
made to the advisory fee for inflows or outflows made during a billing quarter. To the extent there is
cash in your account, it will be included in the value for the purpose of calculating fees only if the cash
is part of an investment strategy. Once the calculation is made, we will instruct your account custodian
to deduct the fee from your account and remit it to GrandView.

Clients whose fees are directly debited will provide written authorization to debit advisory fees from
their accounts held by a qualified custodian chosen by the client. The client will also receive a
statement from their account custodian showing all transactions in their account, including the fee.

Fees We Pay Schwab.

In addition to compensating us for our portfolio management, other investment advisory, and other
services to you, the wrap fees you pay us also allow us to pay Schwab for the brokerage services it
provides to you, as described above, as well as additional services Schwab provides us, as described
below. We pay Schwab certain fees that it would otherwise charge you. These fees may include (a)
flat dollar per trade fees for Schwab’s prime brokerage and trade away services (through which we can
have trades for your account at Schwab executed by broker-dealers other than Schwab), (b)
transaction-based fees imposed on Schwab by regulatory organizations and exchanges and fees to
offset processing costs incurred by Schwab for the exchange of securities for equity, options, or other

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covered security sell transactions (sometimes referred to as Exchange Process Fees), and (c) short-
term redemption fees on mutual funds (including, but not limited to, those available through Schwab’s
Mutual Fund OneSource®). Effective October 7, 2019, Schwab eliminated commissions for online
trades of U.S. equities, ETFs, and options (subject to $0.65 per contract fee). This means that, in most
cases, when we buy and sell these types of securities, we will not have to pay any commissions to
Schwab. We encourage you to review Schwab’s pricing to compare the total costs of entering into a
wrap fee arrangement versus a non-wrap fee arrangement. If you choose to enter into a wrap fee
arrangement, your total cost to invest could exceed the cost of paying for brokerage and advisory
services separately. To see what you would pay for transactions in a non-wrap account please refer to
Schwab’s most recent pricing schedules available at schwab.com/aspricingguide.
Relative Cost of Our Wrap Fee Program to You.

The program may cost you more or less than purchasing our investment advice and Schwab’s
brokerage services separately. The relative cost of our wrap fee program to you is influenced by various
factors, including the cost of our investment advice and Schwab’s brokerage services if you purchased
them separately, the types of investments held in your account, and the frequency and size of trades
we make for your account. For example, if the number of transactions in your account is low enough,
the wrap fee you pay us may exceed the stand-alone investment advisory fee and separate brokerage
commissions that you otherwise would have paid.

Our fees for stand-alone investment advisory services that are comparable to those we provide as part
of the program fall in the same range as fees for account in the Program.

We have agreed with Schwab that the wrap fee we charge you will not be more than the transaction-
based fees we pay Schwab plus the stand-alone investment advisory fee we would otherwise separately
charge you (i.e., we do not markup Schwab’s fees).

B, C    Additional Fees, and Costs You May Pay.

Our wrap fee does not cover the fees and costs listed below, which may apply to assets in your enrolled
accounts to which our wrap fee also applies, and to transactions in your accounts.

•   Commissions and other fees for services provided by broker-dealers other than Schwab for
    transactions executed or effected by or through them that settle into or from your account at
    Schwab such as through our use of Schwab’s Prime Brokerage or Trade Away Services. You will
    be responsible for paying any commissions and other fees or compensation charged by broker-
...

Item 7:       Types of Clients

      Clients advised may include individuals, families, trusts, charitable organizations and foundations,
      pensions, and corporations. GrandView requires each client to place at least $20,000 with the firm. This
      minimum may be waived in the discretion of GrandView.