Kassouf Wealth Advisors LLC

Item 5.          Fees and Compensation

Description

Kassouf Wealth is a fee-only wealth management and financial planning firm, only charging fees
based on client assets that we advise, not determining fees by investment performance or gains.
Annual fees can be fixed and/or a percentage of assets under management. Annual fee percentages
are based on total assets under management and the percentages are reduced as assets under
management increase. Fees are negotiable and may be waived in certain circumstances.

Kassouf Wealth does not receive any fees from investment sponsors that are commission-based
(such as sales charges, brokerage commissions or 12b-1 fees from mutual funds) or performance-
based.

Kassouf Wealth’s standard form of Client Agreement authorizes Kassouf Wealth automatically to
deduct advisory fees directly from the client’s account on a quarterly basis. Kassouf Wealth’s
Client Agreement also provides that we may increase our fees with prior written notice to, but
without express written consent of, clients; provided that the client has the right to terminate the
Client Agreement before the increased fee takes effect.

Kassouf Wealth’s standard fee schedules on an annual basis are as follows:

Financial Planning
Kassouf Wealth may charge a negotiated financial planning fee based upon the number of hours
required to prepare the financial plan. Hourly fees range from $100-$440, depending on the size
of the plan and the complexity of the financial plan. A negotiated fee for a particular financial
planning project requested by a client is generally billed as the work progresses or upon
presentation of the financial plan. Fees include preparation and travel time. A negotiated fee for
ongoing financial planning services may also be charged on a monthly, quarterly, semi-annual or
annual basis.

Wealth Management

          Assets Under Management                        Annual Fee as a % of Assets Under
                                                                   Management
$0 - $2,000,000                                                                              1.00%
$2,000,001 - $5,000,000                                                                      0.80%
$5,000,001 - $10,000,000                                                                     0.60%
Above $10,000,000                                                                            0.40%

The above fee schedule does not include management fees and expenses of mutual funds in which
clients may invest, or any brokerage commissions or transaction fees, custodial or recordkeeping
fees or other expenses incurred by clients in connection with investing their account.

Wealth Management with Savant Wealth Management
As previously discussed, in connection with asset allocation services offered through Savant
Wealth Management, clients pay a management fee which includes Savant Wealth Management
and Kassouf Wealth’s services. Under this fee arrangement, Kassouf Wealth and Savant Wealth
Management charge a combined management fee to advisory clients at the following annual rates:

          Assets Under Management                        Annual Fee as a % of Assets Under
                                                                   Management
$0 - $2,000,000                                                                              1.00%
$2,000,001 - $5,000,000                                                                      0.80%
$5,000,001 - $10,000,000                                                                     0.60%
Above $10,000,000                                                                            0.40%

Certain portfolio designs utilize individual fixed income securities in lieu of mutual funds.
These designs are generally utilized when the fixed income value exceeds $3,000,000. Under these
arrangements, Kassouf Wealth and Savant Wealth Management fees are:

        Fixed Income Under Management                      Annual Fee as a % of Assets Under
                                                                     Management

Fixed Income<$3,000,000 (first $3million)                                                     0.50%
Fixed Income>$3,000,000 (amnt over $3million)                                                 0.40%

The above fee schedules do not include management fees and expenses of mutual funds in which
clients may invest, or any brokerage commissions or transaction fees, custodial or recordkeeping
fees or other expenses incurred by clients in connection with investing their account.

Subject to client authorization, Savant Wealth Management collects the total management fee
payable by clients from the clients’ custodial accounts quarterly. Savant Wealth Management will
then deduct its portion of the total quarterly management fee revenues and remit the remaining
amount to Kassouf Wealth. The percentages of revenues allocated between Kassouf Wealth and
Savant Wealth Management may change over time.

Retirement Plan Services
As discussed previously, Retirement Plan Services offered by Kassouf Wealth and Savant Wealth
Management utilize the same asset allocation strategies as individual investors. Fees for these
services are:

          Assets Under Management                         Annual Fee as a % of Assets Under
                                                                    Management

On the first $1,000,000                                                                       0.80%
On the next $1,000,000                                                                        0.75%
On the next $3,000,000                                                                        0.55%
On the next $5,000,000                                                                        0.40%
On the next $10,000,000                                                                       0.35%
...

Item 7.        Types of Clients

We provide financial planning, advisory services and investment management to individual and
institutional clients such as pension or profit-sharing plans, trusts, estates, and charitable
organizations. Client accounts participating in wealth management services through Savant
Wealth Management are generally subject to a minimum asset-based requirement of $150,000 and
a minimum annual fee of $2,000. The fees and minimum account values are negotiable and may
be waived in certain circumstances.

Item 8.        Method of Analysis, Investment Strategies and Risk of Loss

Modern Portfolio Theory

Kassouf Wealth employs a wide range of methods to manage portfolios and evaluate investments.
Kassouf Wealth uses academic research when making investment decisions. Kassouf Wealth
primarily utilizes an investment approach based on Modern Portfolio Theory. Modern Portfolio
Theory refers to the process of reducing risk in a portfolio through systematic

diversification across asset classes and within those particular asset classes. Kassouf Wealth
adheres to the passive style of investing and, thus, recommends indexed and passive mutual funds.
Kassouf Wealth generally does not recommend individual stocks or bonds in its asset allocation
strategies and portfolio recommendations to clients. Keeping client’s investment fees, expenses
and taxes under control are a top priority in Kassouf Wealth’s investment strategy.

For clients electing to utilize Savant Wealth Management as the portfolio manager, Kassouf
Wealth provides access to diversified portfolios, which make use of passively managed, asset class
mutual and index funds. By utilizing Savant Wealth Management, the mutual funds used are
primarily only available only to institutional investors and clients of a network of carefully selected
investment advisors.

For clients not participating in the Savant Wealth Management program, risk tolerance and asset
allocation are reviewed, and the client is provided with an array of retail mutual funds with an
emphasis placed on controlling expenses.

Asset Classes

We believe diversified asset class exposure is obtained primarily through a diversified mix of
low-cost mutual funds that represent the desired asset classes. Mutual funds and exchange-
traded funds (ETFs) recommended by Kassouf Wealth typically invest in some or all of the
following type securities:

       U.S. Stocks (Small-, Mid- or Large-Capitalization)
       Foreign Stocks, including Emerging Markets
       Investment Grade Fixed Income Securities
       Non-Investment Grade Fixed Income Securities
       Tax-Exempt Municipal Bonds
       U.S. Government and Government Agency Securities
       Derivatives
       Real Estate Investment Trusts (Domestic and Foreign)

Sources of Information

The main sources of information utilized by Kassouf Wealth in making its investment decisions
are financial newspapers and magazines, research materials, corporate rating services and annual
reports, prospectuses and other SEC filings. Utilizing these resources and considering the client’s
goals and objectives, Kassouf Wealth will determine what type of investments and investment
strategies to recommend to clients.

Principal Investment Strategies

Asset allocation models and specific funds recommended to clients typically are set forth in the
client’s Investment Policy Statement. Kassouf Wealth primarily recommends low cost mutual
funds as they offer the ability to provide a diversified portfolio designed to reduce the security risk
associated with individual stocks. Mutual funds do not offer protection from market volatility. At
times, different funds may be recommended to modify or enhance client portfolios.

Kassouf Wealth generally considers the equity markets to be a long-term investment and as a
result, we do not engage in short-term market timing.

Kassouf Wealth typically recommends mutual funds and ETFs to implement its recommended
investment strategies. However, Kassouf Wealth also may recommend exchange-listed stocks;
investment grade corporate bonds and other debt securities, municipal securities and U.S.
Government Securities, depending upon the particular client’s existing portfolio and investment
objectives. Kassouf Wealth generally does not recommend individual stocks, but certain
exceptions may be made in cases where the stocks were obtained before becoming a client or are
requested by the client. In these instances, we usually rely on the client to determine when a
security should be sold.

Kassouf Wealth gives certain clients the option of investing in private investments. These types
of investments will only be recommended to “qualified” and/or “accredited” clients. A qualified
client is defined as a client that has over $1 million invested with us, OR a net worth of at least
$2 million, excluding primary residence. These types of investments may carry a higher degree of
risk, however Kassouf Wealth only makes recommendations based upon a client’s financial goals
and investment objectives.

Timing, allocation, and types of investments are determined as part of each client’s overall
financial plan. We may give advice and take action with respect to other clients that is different
from the advice, timing, and nature of action taken with respect to your account.

Principal Investment Risks

Kassouf Wealth’s primary goal for investing is to help the client maintain purchasing power over
the long term. This may result in short term variability and loss of principal. Time horizon and
risk tolerance are key determinates of the proper asset allocation. Our approach focuses on
managing risks for which clients are compensated (i.e., market risk) and seeking to limit or
minimize risks that do not provide compensation over the long term (i.e., individual stock risk).

Investing in securities involves risk of loss that clients should consider. Risk refers to the
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