Kavar Capital Partners Group LLC

Item 5 Fees & Compensation
                     WEALTH MANAGEMENT AND INVESTMENT SERVICES FEES

Our annualized fees for Wealth Management and Investment Supervisory Services are charged as a
percentage of assets under management, in accordance with the following schedule:

  Fees are billed quarterly, in advance, at the beginning of each calendar quarter based upon the value
  (market value or fair market value in the absence of market value), of the client's account at the end of
  the previous quarter and are adjusted in arrears for contributions and withdrawals made during the prior
  quarter. Cash, accrued interest and dividends, and the value of any securities held on margin shall be
  included for billing purposes, unless we determine otherwise, in our discretion. The advisory fee is
  negotiable, depending on individual client circumstances.

  For certain clients, we charge an advisory fee for services provided to the held-away accounts mentioned
  above in Item 4, just as we do with client accounts held at our primary custodians(s). The specific fee
  schedule charged by us is provided in the client’s investment advisory agreement with us.

  Additions may be in cash or securities. KCP reserves the right to liquidate any transferred securities or
  decline to accept particular securities into a client's account. KCP may consult with its clients about the
  options and ramifications of transferring securities. However, clients are advised that when transferred

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securities are liquidated, they may be subject to transaction fees, fees assessed at the mutual fund level
(i.e. contingent deferred sales charge) and/or tax ramifications.

At KCP’s discretion, the firm may combine the account values of family members of the same household
to determine the applicable advisory fee. For example, KCP may combine account values for the client
and any minor children, joint accounts, and other types of related accounts. Combining account values
may increase the asset total, which may result in the client paying a reduced advisory fee based on the
available breakpoints in the fee schedule stated above.

Many clients authorize us to deduct management fees directly from the client’s account through the
qualified custodian. We bill clients who do not authorize us to debit fees from their account at the
qualified custodian directly, every quarter, and they remit payment to us.

Clients may terminate the Investment Management Agreement upon written or oral notice and will incur a
pro rata charge for services rendered prior to the termination. This means clients will incur advisory fees
only in proportion to the number of days in the quarter for which KCP is an Adviser to the client. Since
fees are paid in advance, clients will receive a prorated refund of those fees.

Our annualized sub-advisory fees for structured income strategy investment subadvisory services are
charged as a percentage of assets under management, in accordance with the following schedule:

                                    SUB-ADVISORY FEE SCHEDULE
                                Assets                             Annual Fee
                    Up to $25,000,000                                0.70%
                    $25,000,001 to $50,000,000                       0.60%
                    Greater than $50,000,001                         0.50%

Sub-advisory fees are billed quarterly, in advance, at the beginning of each calendar quarter based upon
the average daily balance of the assets during the billing period. Cash, accrued interest and dividends,
and the value of any securities held on margin shall be included for billing purposes, unless we determine
otherwise, in our discretion. The sub-advisory fee is negotiable, depending on individual client
circumstances. We will deduct our sub-advisory fee from client account as authorized in client
agreements with the client adviser.

UPTIQ Credit and Cash Management Solutions

We offer clients the option of obtaining certain financial solutions from unaffiliated third-party financial
institutions through UPTIQ Treasury & Credit Solutions, LLC (together with UPTIQ, Inc. and its affiliates,
“UPTIQ”). Focus Financial Partners, LLC (“Focus”) is a minority investor in UPTIQ, Inc. UPTIQ is
compensated by sharing in the revenue earned by such third-party financial institutions for serving our
clients. Although the revenue paid to UPTIQ benefits UPTIQ Inc.’s investors, including Focus, our parent
company, no Focus affiliate will receive any compensation from UPTIQ that is attributable to our clients’
transactions. Further information on this conflict of interest is available in Item 10 of this Brochure.

SCS Private Funds

We do not receive any compensation from SCS in connection with assets that our clients place in SCS’s
pooled investment vehicles. KCP’s clients are not advisory clients of and do not pay advisory fees to
SCS. However, our clients bear the costs of SCS’s investment vehicle or vehicles in which they are
invested, including any management fees and performance fees payable to SCS.

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The allocation of KCP client assets to SCS’s pooled investment vehicles, rather than to an unaffiliated
investment manager, increases SCS’s compensation and the revenue to Focus LLC relative to a
situation in which our clients are excluded from SCS’s pooled investment vehicles or invested in an
unaffiliated third party’s pooled investment vehicles. As a consequence, Focus LLC has a financial
incentive to cause us to recommend that our clients invest in SCS’s pooled investment vehicles.

Focus Risk Solutions

We help our clients obtain certain insurance solutions by introducing clients to our affiliate, Focus
Risk Solutions, LLC (“FRS”), a wholly owned subsidiary of our parent company, Focus Financial
...

Item 7 Types of Clients
KCP provides advisory services to the following types of clients:

    •   Individuals
    •   High net worth individuals
    •   Retirement Plan Assets
    •   Charitable organizations
    •   Corporations
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