Joel Isaacson & Co LLC

Item 5 – Fees and Compensation
Our wealth management and portfolio management services are provided on either a fixed
fee or asset-based fee basis. Occasionally, professional services are provided on an hourly
basis. All fees are potentially negotiable.
Fixed Fees
We typically charge fixed fees for wealth management services. Our annual fixed fee
schedule is below.

 Assets                                     Estimated Fee (based on Advisor assessment)
 Up to $1,000,000                           $10,000
 $1,000,000 - $3,000,000                    $15,000
 $3,000,000 - $5,000,000                    $20,000
 $5,000,000 - $10,000,000                   $30,000
 $10,000,000 - $20,000,000                  $40,000
 $20,000,000 - $30,000,000                  $50,000
 Over $30,000,000                           To be individually assessed

                     Joel Isaacson & Co. Disclosure Brochure

JIC generally bills fixed fees on a quarterly basis in advance. Clients may also elect to be
billed directly for fees or to authorize JIC to directly debit fees from client accounts. Client
relationships initiated or terminated during a calendar quarter will be charged a prorated
fee. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable.

JIC may terminate any Wealth Management agreement at any time by giving the client five
business days written notice and returning in full any pre-paid, unearned fees. Should a client
terminate the agreement at some time after the five-day period after entering into the
agreement, but before the presentation of a written report and payment of their remaining
portion of the fee, then JIC will return any unearned portion of collected fees, after accounting
for JIC’s time and costs expended working on a client’s case.

Asset-Based Fees
Our annual fee charged for Portfolio Management Services is generally:

         •   1% on the first $1,000,000 of assets under management

         •   .5% (one half of one percent) on assets over $1,000,000
The fee is payable quarterly, in advance, based on the value of the assets in the account as of
the beginning of each calendar quarter (the prior quarter’s ending balance). The fee is
charged directly to the client’s account. Any accounts opened or closed during a calendar
quarter will have the advisory fee pro-rated for the period. A contract may be terminated by
either party upon written notice to the other. All pre-paid, unearned fees will be promptly
refunded. Cash, accrued interest and the value of any securities purchased on margin are
included for billing purposes, unless we determine otherwise, in our discretion.
The amount of JIC’s asset-based fees are determined using then-current portfolio valuations
provided by the independent custodian. For any private placement investments, the
valuation of the holdings is the most current provided by the General Partner or Managing
Member to the custodian.

Hourly fees
Hourly fees will vary from $140 to $880 per hour, depending upon the complexity and/or
level of expertise required.
The work accomplished for each client on an hourly basis will generally be billed monthly or
on a project basis. A portion of the total anticipated fee may be due upon the signing of the
advisory contract. Should a client terminate the contract prior to the plan being presented,
all unearned, pre-paid fees will be promptly refunded.

                    Joel Isaacson & Co. Disclosure Brochure

Additional Fees and Expenses
In addition to JIC’s advisory fee, clients who receive investment management services from
JIC will be responsible for the fees and expenses associated with the investment of their
assets, such as brokerage commissions, transaction fees and expenses, and other expenses
and charges imposed by broker-dealers and custodians who service client accounts
(including but not limited to any custodian fees and account maintenance fees). Clients are
additionally responsible for the fees and expenses of externally managed investments, such
as underlying mutual funds, ETF’s and third party or private fund managers (including
management and performance-based fees), transfer taxes, odd lot differentials, exchange
fees, interest charges, ADR processing fees, and any charges, taxes or other fees mandated by
any federal, state or other applicable law, retirement plan account fees (where applicable),
margin interest, commissions, mark-ups or mark-downs embedded in fixed income
transactions, and other transaction-related costs, electronic fund and wire fees, and any other
fees that reasonably may be borne by a brokerage account. Third party managers may
purchase or sell securities through a broker-dealer other than a client’s broker dealer and
custodian (referred to as trading away). This may result in clients incurring higher
transaction costs with respect to those investment assets under the third party manager’s
management than would be incurred if these transactions were made through the client’s
broker dealer and custodian.

Please see Item 12 below for further information. Clients should review the applicable
prospectuses and private offering memoranda for additional information about mutual fund
and private fund manager fees and expenses. Item 12 further describes the factors that JIC
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
JIC provides wealth management services and portfolio management services primarily to
high net worth individuals, and occasionally to corporate pension and profit-sharing plans,
charitable organizations, corporations and non-high net worth individuals.

We generally require clients who retain us for portfolio management services to have account
minimum of $1,000,000 but reserve the right to waive account minimums under appropriate
circumstances.

                    Joel Isaacson & Co. Disclosure Brochure