Hall Capital Management Company Inc

Item 5: Fees and Compensation

Hall Capital’s compensation is determined by the agreement established by Hall Capital and
each client. Generally, Hall Capital charges fees on the following terms:

Compensation – Investment Management Services

                                  Individually Invested Accounts

                            Assets Under Management Annual Fee
                                 First $1,000,000     1.30%
                                 Over $1,000,000      0.85%

Mutual Fund Accounts are billed at 1.00% of total Assets Under Management, paid semi-
annually, based on the market value of assets under supervisory management on the last
business day of the previous six-month calendar period.

In certain situations, the basic fee schedule may be negotiated. For example, the exclusive use
of fixed income investments or the use of securities with accompanying exceptionally low tax
costs may necessitate a negotiated fee. On occasion, there may be a negotiated fee for
accounts of family members.

Advisory fees are payable semi-annually in advance, based on the market value of assets under
supervisory management on the last business day of the previous six-month calendar period.
Advisory fees will be billed generally within 15 days after the end of that six-month period.

For new clients and accounts, assets are valued as of the last business day of the month in
which services began and advisory fees are assessed on a pro rata basis until the next semi-
annual billing.

Upon termination, any advisory fees paid in advance for services not performed will be
refunded to the client on a pro rata basis.

Compensation - Financial Planning Services:
Financial Planning fees will be charged in one of two ways:

   •   As a fixed fee, typically ranging from $1,500 to $3,000, depending on the nature and
       complexity of each client’s circumstances, or
   •   On an hourly basis of $250 - $300 per hour.

In certain situations, the financial planning fee schedule may be negotiated. All financial
planning fees are due in arrears upon presentation of the financial plan.

Compensation - Retirement Plan Consulting Services:
Hall Capital’s fees for providing services for consulting services to Retirement Plan Sponsors are
based upon a percentage of assets under management and generally range from 0.25% to
0.50%. The fees are collected on a schedule determined by the record-keeper and agreed upon
by the client.

Compensation - Tax Preparation Services:
Fees for tax preparation services are charged on a fixed fee basis, ranging from $150 to $3500,
depending upon complexity. Fees are charged at the completion of the project. In certain
situations, the tax preparation fee schedule may be negotiated.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge
the client an asset-based fee as set forth in the advisory agreement the client executed with our
firm. This creates a conflict of interest because it creates a financial incentive for our firm to
recommend the rollover to the client (i.e., receipt of additional fee-based compensation).
Clients are under no obligation, contractually or otherwise, to complete the rollover. Moreover,
if clients do complete the rollover, clients are under no obligation to have the assets in an IRA
advised on by our firm. Due to the foregoing conflict of interest, when we make rollover
recommendations, we operate under a special rule that requires us to act in our clients’ best
interests and not put our interests ahead of our clients.’

Under this special rule’s provisions, we must:

   •   meet a professional standard of care when making investment recommendations (give
       prudent advice);

   •    never put our financial interests ahead of our clients’ when making recommendations
        (give loyal advice);
   •    avoid misleading statements about conflicts of interest, fees, and investments;
   •    follow policies and procedures designed to ensure that we give advice that is in our
        clients’ best interests;
   •    charge no more than a reasonable fee for our services; and
   •    give clients basic information about conflicts of interest.

Many employers permit former employees to keep their retirement assets in their company
plan. Also, current employees can sometimes move assets out of their company plan before
they retire or change jobs. In determining whether to complete the rollover to an IRA, and to
the extent the following options are available, clients should consider the costs and benefits of
...

Item 7: Types of Clients

Hall Capital provides portfolio management services to individuals, high net worth individuals,
pension and profit-sharing plans, charitable institutions, corporations, revocable living trusts,
trustees of irrevocable trusts and tax-deferred accounts.

Hall Capital does not have any minimum asset requirements for opening or maintaining an
account.

Hall Capital does not have a minimum investment management fee requirement.