Kissling Financial Services LLC

Item 5 Fees and Compensation

Asset Management Fees
Pursuant to a portfolio management contract signed by each client, the client will pay Kissling an
annual management fee, payable quarterly in advance, based on the fair market value of portfolio
assets of the account managed by the Advisor on the last business day of the previous quarter. The
management fee may be adjusted to account for significant contributions or withdrawals made to
the account during the quarter. For partial quarters, the fee will be prorated based on the number
of days the account was open during the quarter.

Management fees range up to 2.0% per annum depending on factors such as the type and
complexity of the investment management strategy employed as well as the size of the account or
overall client relationship. Management fees may be reduced or waived for directors, officers, and
employees of Kissling at the discretion of management. These fees may be negotiated by Kissling
at its sole discretion. The client will give written authorization permitting the Advisor to be paid
directly from their account held by the custodian. The custodian will send a statement at least
quarterly to the client and the Advisor will also send an invoice to the client outlining the fee
calculation and the amount withdrawn from the client account. Where it is impractical to deduct
fees directly from the client account, the client will be sent an invoice on a quarterly basis for any
outstanding advisory fees due. Such invoices may be paid by check.

Hourly Fee
Financial planning clients that do not engage Kissling for portfolio management services will
contract to have financial planning advice provided based on an hourly fee. The Advisor’s hourly
fee will be billed at a rate of $250 and will be negotiated and agreed upon by the parties in advance.
Hourly fee-based clients are billed on a monthly basis upon completion of work performed. Clients
may pay the invoice by check.

Financial planning clients who engage Kissling for portfolio management services will not be
charged an hourly fee for the time spent on the assets included in the financial planning advice and
will instead be charged an annual management fee. A financial planning client who terminates the
Investment Advisory contract before the Advisor has received management fees equal to the
financial planning fee will be charged a pro rata fee equal to the difference between the total hourly
fee incurred and the management fees already received.

Fixed Fees
Kissling will charge a fixed fee for comprehensive financial planning services in the range of $500
to $5,000 per plan as negotiated and contracted for with client in advance, at the discretion of the
Advisor. Fixed fee-based clients are billed one half of the fee at the time of signing the agreement
with the Advisor and the other one half upon delivery of the financial plan to the client. If the final
fee is not paid by the client at the delivery of the financial plan, the client is required to pay the fee
within five days of delivery of the financial plan. If the client terminates the Agreement with the
Advisor prior to the Advisor's completion of the financial plan, any fees due the Advisor will be
invoiced to the client and payable within five days of delivery of the invoice. If the Advisor
completes the financial plan in less time than originally planned, the Advisor will refund to the

Kissling Financial Services, LLC              Page 4

client a pro-rata share of the fee the client paid. The Advisor will refund the pro-rata fee to the
client within five days of delivery of the financial plan.

If a client terminates its relationship with the Advisor prior to the Advisor finishing the financial
planning advice or project, the Advisor will deliver the completed portions of any advice and
recommendations to the client. However, clients should be aware that acting on any
recommendations in an incomplete financial planning project may not be in the client’s best
interest.

All fees paid to Kissling for investment advisory services are separate and distinct from the internal
expenses charged by mutual funds to their shareholders. These fees and expenses are described in
each fund’s prospectus. These fees will generally include a management fee, transaction fees (if
applicable) and other fund expenses. These fees are paid by the client.

When a copy of the disclosure documents (Form ADV Parts 2A and 2B) is not delivered to the
client at least 48 hours prior to the client entering into any written contract with this investment
adviser, then the client has the right to terminate the contract without fee or penalty within five
business days after entering into the contract.

At no time will Kissling accept or maintain custody of a client’s funds or securities except for
authorized fee deduction. Client is responsible for all custodial and securities execution fees
charged by the custodian. The Advisors fee is separate and distinct from the custodian and
execution fees.

Kissling’s management fee is payable in advance. Upon termination, any fees paid in advance will
be prorated to the date of termination and any unearned fees will be refunded to client.

Neither Kissling nor its supervised persons accept compensation for the sale of securities or other
investment products (except insurance products as described in Item 10 below), including asset-
based sales charges or service fees from the sale of mutual funds.

Item 7 Types of Clients

The Advisor will offer its services to individuals, trusts, estates, charitable organizations,
corporations and other business entities.

The Advisor does not have any minimum requirements for opening or maintaining an account.

Kissling Financial Services, LLC            Page 5