Helmsman Financial Group LLC

Item 5 – Fees and Compensation

For services performed on an hourly or fixed fee basis, clients will be billed as the work is
completed with no advanced payment unless specifically requested by the client. In no case will
we bill more than $1,200 more than six months in advance of completion of the work.

For the Portfolio Investment Management service (General Investment Supervisory Services)
whereby the fee is calculated on a percentage of assets basis, the fees will be as follows:

      Assets in the Investment Assistance Program (IAP) will be assessed a fee of 0.50%
       annually on the assets under management calculated and paid quarterly. The minimum
       annual fee will be $750.00. This minimum fee amount makes portfolios of less than
       $150,000 incur a fee that is higher than the 0.50% of assets. Because of this, clients with

       less than $150,000 of investable assets should consider the costs associated in
       comparison with the services received.

      Assets in the Fund Investment Program (FIP) will be assessed a fee of 0.50% annually on
       the assets under management calculated and paid quarterly. The minimum annual fee
       will be $1,000.00. This minimum fee amount makes portfolios of less than $200,000 incur
       a fee that is higher than the 0.50% of assets. Because of this, clients with less than
       $200,000 of investable assets should consider the costs associated in comparison with
       the services received.

      Assets in the Portfolio Administrator Service (PAS) will be assessed a fee of 0.75%
       annually on the assets under management calculated and paid quarterly. Minimum
       annual fee will be $1,500. This minimum fee amount makes portfolios of less than
       $200,000 incur a fee that is higher than the 0.75% of assets. Because of this, clients with
       less than $200,000 of investable assets should consider the costs associated in
       comparison with the services received.

      Assets in the Financial Stewardship Program (FSP) will be assessed an annual fee
       calculated using the following table.

                                                            Fee Percentage
                                                    Annual Basis      Quarterly Basis
             First $500,000                           1.10%              0.2750%
             $500,001 to $2,500,000                   0.75%              0.1875%
             $2,500,001 to $5,000,000                 0.65%              0.1625%
             $5,000,001 to $10,000,000                0.55%              0.1375%
             $10,000,001 to $15,000,000               0.50%              0.1250%

For amounts in excess of $15,000,000, the excess assets over $15,000,000 will be assessed a fee
of 0.35% annually on the assets under management calculated and paid quarterly (0.0875% per
quarter).

Minimum annual fee for the Financial Stewardship Program will be $1,500. This minimum fee
amount makes portfolios of less than $136,363 incur a fee that is higher than the percentages in
the above chart. Because of this, clients with less than $136,363 of investable assets should
consider the costs associated in comparison with the services received.

Helmsman Financial Group, LLC rounds all Management Fees charged to clients up or down to
the nearest dollar.

Any changes made to Helmsman Financial Group, LLC’s fees must be approved in writing by any
affected Helmsman Financial Group, LLC client.

Payment of fees may be made directly by the client, or the client may authorize us to deduct fees
directly from the managed account. Direct deduction of fees will be authorized through the
custodial account paperwork as well as our advisory agreement with the client.

For all four services, portfolio values for billing purposes will be calculated on a trade date basis.
Quarterly fees will be billed in advance based on the values at the end of the previous quarter. If
an agreement is terminated prior to the end of a quarterly period, any unearned fees will be
returned to the client on a pro-rated basis calculated using the total days in the quarter as the
denominator and the days remaining in the quarter after the termination as the numerator.

In the event that a Portfolio Administrator Service or Investment Assistance Program (see
description of each above) client’s cash balance is less than the management fee being billed to
that client for a given quarter, Helmsman Financial Group, LLC will sell securities within the
portfolio to sufficiently cover that quarter’s fees. This limited-discretionary authority will not be
extended outside of the parameters laid out in this paragraph.

As mentioned in Item 4 – Advisory Business, some work will be done on an hourly or fixed fee
basis. In all such cases, the cost of the service will be discussed and agreed upon prior to any
commitment on your part for the work to be performed. Fees for the work performed will be
charged $200 per hour however, fees may be negotiated depending on the time required and
the type of expertise required. In the case of a fixed fee contract, such fees will depend on the
work performed but will normally range between $800 to $1,500 per contract. An example of a
service performed at the lower end of the fixed fees would be a simple Portfolio Analysis and
Development contract as described under Item 4 – Advisory Business of the Form ADV Part 2 for
a smaller portfolio. An example of a service at the higher end of the fixed fees would be a more
extensive Portfolio Analysis and Development contract as described under Item 4 – Advisory
Business of the Form ADV Part 2. Fees stated in our Engagement Letter and agreed to by you will
be fixed and will not be increased or decreased unless the contracted work to be performed is
changed. Such fees will be billed to you as work is completed and there will be no advance billing
requirements, unless specifically requested by you.
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Item 7 – Types of Clients

Helmsman Financial Group, LLC primarily performs services for individual clients but may also
perform services for trusts, estates or other non-individual entities. See Item 4 – Advisory
Business and Item 5 – Fees and Compensation for details on the services offered and the
minimum fees applicable to our services.