Kirtland Financial Management Inc

Item 5: Fees and Compensation

Financial Planning Fees
KFM’s financial planning services are offered at $250 per hour. The total fee for a financial planning engagement will be
fully disclosed up-front before work commences. This will include the cost to review your financial information and
prepare the desired financial planning service. The entire fee will be due upon completion of the plan.

Termination of Financial Planning Services
Should a client wish to terminate a financial planning engagement before presentation of the financial plan, we will be
compensated through the date of termination for time spent in design of the financial plan at our hourly rate of $250.
After the financial plan has been completed and presented to the client, a refund will not be made.

Investment Advisory Fees
The standardized fee structure below presents the annual percentage charged for investment advisory services provided
on an asset-based fee arrangement. The fee for a quarter is one fourth of the annual applicable percentages multiplied
by the aggregate market value of the assets in the account on the last business day of each calendar quarter. The fee
schedule is as follows:

                                              Investment Advisory Fee Schedule
                                         Account Balance              Annual Rates
                                         Under $1,000,000             1.00%
                                         $1,000,000 - $2,000,000      0.90%
                                         $2,000,001 - $3,000,000      0.80%
                                         $3,000,001 - $4,000,000      0.70%
                                         Over $4,000,000              Negotiable

Cash assets are excluded from billing.

KFM requires a minimum initial investment of $500,000 to open any managed account. However, this minimum may be
waived under certain circumstances. KFM retains discretion to negotiate the investment advisory fee lower than the
above indicated Annual Fee Rate on a client-to-client basis depending on the size, complexity, and nature of the
portfolio managed.

All investment advisory fees will be fully disclosed in the client’s Investment Advisory Agreement with KFM.

Portfolio Monitoring Services Fees
The Wrap Fee Portfolio Managers who may be used to manage client’s accounts will disclose their fee for investment
advisory services in their Disclosure Brochure (the Portfolio Manager’s Form ADV Part 2 and/or Form ADV Part 2A
Appendix 1), which KFM will provide to the client prior to opening an account. Such fees that will be charged to a client’s
account may include: (i) the investment advisory fee (which includes the Portfolio Manager’s and KFM’s fees); and/or (ii)
trading commissions and/or account charges that may be imposed by the custodian or broker/dealer used to custody
Kirtland Financial Management                             Page| 9                               Disclosure Brochure Part 2A

the accounts. The Portfolio Manager’s Disclosure Brochure contains all pertinent disclosures relating to their investment
advisory services and the fee structure for such services – the client is encouraged to carefully review these disclosures.

Clients may be able to retain the services of a Portfolio Manager independently from KFM. In those cases where this can
occur, the client might be able to negotiate a lower investment advisory fee since the Portfolio Manager would not have
to compensate the third-party (i.e., KFM) for the referral. Regardless, the Portfolio Manager’s Disclosure Brochure (the
Form ADV Part 2 and/or Form ADV Part 2A Appendix 1) is required to inform the client of any increased investment
advisory fee because of the third-party relationship with KFM; and, such information is to be disclosed before or at the
time an account is opened.

Protocols for Investment Advisory Services
The following protocols establish how we handle our investment advisory accounts and what clients should expect when
it comes to: (i) their bill for investment advisory services; (ii) depositing or withdrawing funds from their account(s); (iii)
other fees charged to their account(s), (iv) investment of cash reserves; and (v) termination.

Billing
Advisory fees will be charged quarterly in advance, based upon the total asset value of client’s account at the end of
each quarter, and, in certain circumstances, adjusted for cash inflows and outflows throughout the quarter. The
quarterly fee will be calculated using a flat rate. The account market value will determine the client’s fee schedule. Cash
assets are not billed upon. Such fees shall become due and payable the following business day.

Investment advisory fees will be taken first from free credit balances or from any money market funds or balances. If
such assets are insufficient to satisfy payment of such fees, a portion of the account assets will be liquidated to cover the
fees. Such liquidation may affect the relative balances of the account. The quarterly fee is deducted, by the custodian,
from the client’s assets. Clients may choose to be billed for fees incurred and pay via check rather than asset deduction.

Fee Exclusions and Mutual Fund Fees
The above fees for all our investment advisory services are exclusive of any charges imposed by the custodial firm, such
as: (i) any Exchange/SEC fees; (ii) service or account charges, including, debit balances or postage/handling fees; and/or,
(iii) commissions earned by the custodial firm for securities transactions; (iv) any Transaction and/or ticket charges
charged by the custodial firm.

In addition, all fees paid to us for investment advisory services are separate from any fees and expenses charged to
shareholders of mutual fund shares by the investment company or by the investment adviser managing the mutual fund
portfolios. These expenses generally include investment advisory fees and various fund expenses, such as: 12b-1 fees
...

Item 7: Types of Clients

KFM provides investment advice to high-net-worth individuals and their families, charitable organizations, and pension
and profit-sharing plans.

KFM requires a minimum account under certain circumstances of $500,000 for investment advisory clients, although this
may be negotiable. KFM may group certain related client accounts for the purposes of achieving the minimum account
size.