Higley James W

ITEM 5        FEES AND COMPENSATION

Fees for investment and financial counseling services are negotiable and reviewed periodically. They
may be based upon a percentage of assets under management (up to 1%), a fixed annual fee (as
negotiated), or an hourly rate (up to $175 per hour). At their option, clients can be billed for fees
incurred or have fees deducted from assets. If a client’s assets are invested in a mutual fund, or
exchange-traded fund, the client may incur additional expenses and fees as a shareholder of those
mutual or exchange traded funds. These additional expenses may include: advisory/management
fees, distribution fees, administrative expenses, and other fund operating expenses. Clients wishing to
obtain more information about the fees and expenses that may apply due to investing in mutual funds
or exchange-traded funds should contact Eames or review the relevant prospectus(es) for the
underlying mutual funds or exchange-traded funds in which the clients’ assets are invested. Also see
Item 12 for additional information about the types of brokerage and other transaction costs that Eames
clients may incur.

ITEM 7        TYPES OF CLIENTS

Eames provides investment management and financial counseling services to individuals, trusts, and
charitable foundations. There are no minimum account size requirements