Graybill Wealth Management Ltd

Item 5 – Fees and Compensation

Graybill Wealth Management, receives 100% of its advisory billing from providing investment
supervisory services. The Adviser provides investment advisory services in equity, balanced,
and fixed-income strategies focusing primarily, but not limited to, high quality, mid and large
capitalization growth stocks and high grade, intermediate-term bonds.
Management fees are billed quarterly in advance and are computed as a percentage of the market
value of assets under management as of the last day of each calendar quarter (asset-based fees).
Market value is based on trade date valuation and includes accrued income. Fees are calculated
on an annual rate based on the following schedule, subject to negotiation.

Fees are automatically deducted from client’s account unless billing is specifically requested by
client and approved by adviser.

Portfolio Fee Schedule

The first $1,000,000 in assets at 1.00 %

Assets between $1,000,001 and $5,000,000 at 0.75%

Assets above $5,000,000 at 0.50%

Refunds of unearned fees will be made within 45 days of written notice of contract termination
by client or applicant based on actual number of days from the date of termination to the end of
the billing cycle. Refunds made after 45 days, for any reason, will include both refund amount
plus interest on this amount. This interest amount will be calculated using the number of days
from notification, the amount of the refund and an interest rate equal to the prime rate as the date
of notification. The Investment Advisory Agreement and Power of Attorney are valid for the life
of the portfolio, and may be terminated at any time upon written notice by either party.

The second element of the advisory fee structure provides an allowance based on “family
groups” of related accounts. Within a family group, advisory fee are calculated on the combined
value of all the accounts in the group.

Graybill Wealth Management’ 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. Mutual funds (including money market funds) and exchange
traded funds also charge internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to Graybill Wealth
Management’ fee, and Graybill Wealth Management shall not receive any portion of these
commissions, fees, and costs.

Item 12 further describes the factors that Graybill Wealth Management considers in selecting or
recommending broker-dealers for client transactions and determining the reasonableness of their
compensation (e.g., commissions).

Item 7 – Types of Clients

 Graybill Wealth Management provides portfolio management services to individuals, high net
worth individuals, corporate pension and profit-sharing plans, charitable institutions,
foundations, endowments, and trust accounts.