Graney & King LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Asset Management

The maximum annual fee to be charged to the client’s account(s) will not exceed 1.75%. Clients
wishing to utilize LPL Financial Sponsored Advisory Programs will be subject to a higher maximum
fee. See LPL Financial Sponsored Advisory Programs for further details. The fee to be assessed to
each account will be detailed in the client’s signed advisory agreement, LPL Account Application or
LPL Tiered Fee Authorization form. Fees are billed on a pro-rata basis quarterly in advance based on
the value of the account(s) on the last day of the previous quarter. Our firm bills on cash unless
otherwise agreed in writing. Fees are negotiable and will be deducted from the account(s).
Adjustments will be made for deposits and withdrawals during the quarter. If accounts are opened
during the quarter, the pro-rata advisory fees will be deducted during the next regularly scheduled
billing cycle. In rare cases, our firm will agree to direct bill clients. As part of this process, Clients
understand the following:

    a) LPL or Schwab as the client’s custodian sends statements at least quarterly, showing all
       disbursements for each account, including the amount of the advisory fees paid to our firm;
    b) Clients provide authorization permitting LPL or Schwab to deduct these fees;

ADV Part 2A – Firm Brochure                     Page 7                                     Graney & King, LLC

    c) LPL or Schwab calculates the advisory fees for all fee schedules and deducts them from the
       client’s account.

LPL Financial Sponsored Advisory Programs

                 Programs                                              Maximum Fee
 Optimum Market Portfolios Program (“OMP”)                                2.50%
 Personal Wealth Portfolios Program (“PWP”)                               2.50%
  Model Wealth Portfolios Program (“MWP”)                                 2.65%*
   Manager Access Select (“MAS”) Program                                  3.00%

Account fees are payable quarterly in advance. LPL serves as program sponsor, investment advisor
and broker-dealer for the LPL advisory programs. GK and LPL may share in the account fee and other
fees associated with program accounts. Therefore, the total fee disclosed above is a blend between
LPL’s and GK’s fees. Associated persons of Advisor may also be registered representatives of LPL.

* The MWP account fee consists of an LPL program fee, a strategist fee (if applicable) and an advisor
fee of up to 2.00%. Accounts remaining under the legacy fee structure may be charged one aggregate
account fee, for which the maximum account fee is 2.50%. See the MWP program brochure for more
information.

Financial Planning & Consulting:

Our firm charges on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our
engagement with the client. The maximum hourly fee to be charged will not exceed $475.00. Flat fees
will not exceed $20,000. Our firm will not require a retainer exceeding $1,200 when services cannot
be rendered within 6 months.

Retirement Plan Consulting:

Our Retirement Plan Consulting services are billed a fee based on the percentage of Plan assets under
management. The total estimated fee, as well as the ultimate fee charged, is based on the scope and
complexity of our engagement with the client. Fees based on a percentage of managed Plan assets
will not exceed 0.75%. The fee-paying arrangements will be determined on a case-by-case basis and
will be detailed in the signed consulting agreement.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian, via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
disclosed by the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction
fees for U.S. listed equities and exchange traded funds.

LPL Financial offers a trading platform with select exchange traded funds (“ETFs”) that do not charge
transaction fees. The no-transaction-fee ETF trading platform is available to clients participating in
LPL Financial’s Strategic Wealth Management (“SWM”) programs. Clients will be subject to
transaction fees charged by LPL Financial for ETFs not included in LPL Financial’s platform and for
other types of securities. The limited number of ETFs available on LPL Financial’s no-transaction fee

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platform may have higher overall expenses than other types of securities and ETFs not included in
the platform. Other major custodians have eliminated transaction fees for all ETFs and U.S. listed
equities, so clients may pay more for investing in the same securities at LPL Financial.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our firm
does not receive a portion of these fees.

Termination & Refunds

Either party may terminate the signed advisory agreement at any time. Upon receipt of your notice
of termination, LPL or Schwab will process a pro-rate refund of the unearned portion of the advisory
fees charged in advance at the beginning of the quarter.

Financial Planning & Consulting clients may terminate their agreement at any time before the
...

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
us.

Our LPL Financial Sponsored Advisory Programs may have specific account minimums required to
partake in the program. Please see Item 4 for further information.