Granite Bay Wealth Management LLC

Item 5:           Fees and Compensation

          A.      Fees Charged

          Asset Management

          Arca’s asset management fees are based on a percentage of the gross market value of a client’s assets
          managed by Arca, and the fee range generally varies from 0.50% to 1.50% on an annual basis. Fees
          are negotiable, and may be higher or lower, based on the nature of the account, and the origin of
          the client, as many clients that have worked with Arca’s professionals in the past and may continue
          with the fee percentages imposed by the principal’s prior firms. Other factors affecting fee
          percentages include the size of the account, complexity of asset structures, and other factors.

          In the event that the client requires extraordinary planning and/or consultation services (to be
          determined in the sole discretion of Arca), Arca may determine to charge for such additional services,
          the dollar amount of which shall be set forth in a separate written notice to the client and disclosed
          prior to services rendered.

          Financial Planning – Stand Alone

          Clients who are engaging Arca for financial planning services without asset management services will
          do so on an hourly basis. Hourly rates range from $200 – $300, depending upon the professional
          rendering the service. An estimate of total hours to complete the assignment will be determined at
          the start of the engagement. The estimate is subject to change, depending upon the circumstances

that arise during the engagement. Fees are negotiable and will depend on the anticipated complexity
of your plan.

Retirement Plan Consulting Services

Generally, Arca’s Retirement Consulting (asset management) fees are based on a percentage of the
gross market value of a plan’s assets managed by Arca. Fees are negotiable and will be determined
by the scope and nature of the services provided, the size of the account, the complexity of the plan
document and other factors. Services may also be performed on an hourly basis in limited
circumstances.

Clients should be advised that some clients will not be charged fees for services provided by Arca.
These pro-bono clients may be family members, charitable groups, smaller accounts connected to
larger, fee-paying clients, or other clients at our discretion.

Annuities

Annuities held at Mutual Group will pay trails ranging from 0.25% to 1.0% per annum of the market
value of the client’s assets at Mutual Group, paid directly to Mutual Group.

B.      Fee Payment

Asset Management

Asset management fees may be paid via a direct debit from a client account, or by some other
mutually agreeable method. All asset management fees will be calculated on a quarterly basis, in
advance, and the value used will be the gross asset value as of the last market day of the previous
quarter. The “gross” asset value relates to the limited number of clients who, at their own election,
choose to have margin accounts, which may increase the amount of assets through borrowing. This
means that if your annual fee is 1.00%, then each quarter we will multiply the value of your account
by 1.00%, then divide by 4 to calculate our fee. For assets deposited into or withdrawn from an
account after the inception of a billing period, the fee payable is prorated based on the number of
days remaining in the billing period. Any adjustments in fees related to the withdrawal of assets in
an account will be credited against the next billing period’s investment advisory fees. Additionally, to
the extent there is cash in a client’s account, it will be included in the value for the purpose of
calculating fees only if the cash is part of an investment strategy. Clients selecting to pay fees in
another method will remit payment to Arca separately.

The client will also receive a statement from their account custodian showing all transactions in their
account, including the fee. For clients electing to have fees directly debited from an account, those
fees will be debited from the account(s) designated by the client. Clients may elect to have fees for
each account paid by that account or paid by another account. Once the fee calculation is made,
Arca will instruct the account custodian to deduct the fee from the applicable account(s) and remit
that fee to Arca.

Clients selecting to pay fees in another method will remit payment to Arca separately. All invoices
are due upon receipt. Arca reserves the right to discontinue services for non-payment of fees.

Financial Planning

The portion of the financial planning fee payable in advance is negotiable on a client-by-client basis.
Depending on the engagement, up to fifty percent (50%) of the anticipated financial planning fee
may be payable upon signing the Financial Planning Agreement, or no advance payment may be
required, with the remainder (or the full fee) due upon completion of the financial plan. Arca does
not require clients to prepay the full financial planning fee in advance. For hourly engagements, the
final amount due will be based upon actual hours expended.

Retirement Plan Consulting Services

Generally, Arca’s Retirement Consulting (asset management) fees are deducted directly from the
Client’s Account.

Annuities

Fees on annuities held at Mutual Group are paid directly to Mutual Group.

C.      Other Fees

There are a number of other fees that can be associated with holding and investing in securities. You
will be responsible for fees including transaction fees for the purchase or sale of a mutual fund or
Exchange Traded Fund, or commissions for the purchase or sale of a stock. Expenses of a fund will
not be included in management fees, as they are deducted from the value of the shares by the mutual
fund manager. For complete discussion of expenses related to each mutual fund, you should read a
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Item 7:           Types of Clients

          Clients advised include individuals, trusts, charitable organizations, corporations and ERISA plans and
          their sponsors. Arca requires each client to place at least $500,000 with the firm. This minimum may
          be waived in the discretion of Arca.