Greenwood Investment Advisors LLC

Item 5 – Fees and Compensation
Advisory Fees

In order to open an advisory account, clients must also be a Premium client of Greenwood, Inc., which
charges a monthly subscription fee of $10.00. Please visit www.gogreenwood.com for information on
the Greenwood, Inc. programs and cost. Clients who are also clients of Greenwood, Inc. are not charged
a fee for advisory services.

For clients who have canceled their subscription to Greenwood, Inc.’s program, Greenwood Advisors
charges a flat, $10.00 per month fee, prepaid on the first of each month (the “Advisory Fee”). This fee is
not refundable.

You may terminate the investment advisory agreement by providing notice to our firm in accordance
with the notice provisions in the advisory agreement you sign when you engage our firm.

At our sole discretion, the fee may be waived from time to time and/or discounted due to special
promotions or based on individual client circumstances. All program fees are memorialized
electronically, including at Account opening and as agreed to in your Greenwood Advisory Agreement.

To determine whether an investment advisory account is appropriate for you, you should carefully
analyze the projected costs of the investment advisory account, such as expected size, volume and
frequency of transactions, the volume and frequency of transactions, projected holding period, the
securities available and the advisory services provided. Although we believe our fees are competitive,
lower fees for comparable services may be available from other investment advisers or broker dealers.

You pay our advisory fee even if you do not buy or sell any securities and whether you make or lose
money on your investments. If you hold no assets in your Account, you pay no program fee. Fees and
costs will reduce any amount of money you make on your investments over time.

Valuation

The market value of any security or other investment in the account is determined by the Custodian.

Additional Fees and Expenses

You will also incur certain charges imposed by third parties other than the Firm. Investments made
through a brokerage account will incur brokerage and transaction costs, including but not limited to fees
and expenses charged by investment company securities disclosed by prospectus and the Custodian. A
list of Broker/Custodian fees are available at the Broker’s website or by contacting Broker.

In addition, fees associated with connecting to our mobile platform, including all internet service and
data fees will be charged to you directly by the service provider.

In order to open a Greenwood Advisory account, you must also be a client of Greenwood, Inc., which
charges monthly subscription fees. Greenwood Investment Advisors, LLC is a wholly owned subsidiary of
Greenwood, Inc. Our parent company offers separate and distinct educational and financial services. If
you purchase a subscription from Greenwood, Inc., these fees may be similar to, or more expensive than
fees offered by similar firms. Although the Firm does not share in the revenue, we do have an indirect
financial interest in having clients subscribe to our parent company’s services.

Compensation

Investment professionals are generally compensated both in the form of a fixed monthly fee from the
Firm, as well as a discretionary annual bonus based on criteria such as merit, employee performance
and performance of the Firm. Investment professionals employed by the Firm are not compensated on a
transaction basis. Neither the Firm nor its supervised persons accept compensation for the sale of
securities or other investment products.

Item 7 – Account Requirements and Types of Clients
The advisory program is available to individuals who use Greenwood Inc.’s mobile platform. Users must
complete a risk profile, meet the requirements to open a brokerage account with the Broker as
described above. The minimum investment amount to purchase a security is one dollar. Accounts are
limited to individual taxable accounts.