Klingman and Associates LLC

Item 5 Fees and Compensation
Wealth Management Service Fees
Our fee for wealth management services is based on a percentage of the assets in your account and is
set forth in the following annual fee schedule:

                     Account Value                            Annual Fee
                     First $2,000,000                           1.00%
                     Next $3,000,000                            0.80%
                     Next $5,000,000                            0.60%
                     Next $15,000,000                           0.40%
                     Greater than $25,000,000                   0.25%

When an account is opened, the asset-based fee is billed for the remainder of the current calendar
quarter and is based on the initial contribution. Thereafter, the quarterly asset-based fee is paid in
advance, is based on the account asset value as of the last business day of the previous calendar
quarter and becomes due the following business day. We may determine that certain securities and/or
accounts that you hold be excluded for billing purposes and shall not be included in the determination
of account value for billing purposes. If cash or securities, or a combination thereof, accounting to at
least $100,000, are deposited to or withdrawn from your account on an individual business day, you
will: (i) be assessed asset-based fees based on the value of the assets on the date of deposit for the

pro-rata number of days remaining in the quarter, or (ii) be refunded prepaid asset-based fees based
on the value of the assets on the date of withdrawal for the pro-rata number of days remaining in the
quarter.

At our discretion, we may combine the account values of family members to determine the applicable
advisory fee. For example, we may combine account values for you and your minor children, joint
accounts with your spouse, and other types of related accounts. Combining account values may
increase the asset total, which may result in your paying a reduced advisory fee rate based on the
available breakpoints in our fee schedule stated above.

We will typically deduct our fee directly from your account through the qualified custodian holding your
funds and securities. We will do so only when you have given our firm written authorization permitting
the fees to be paid directly from your account. For certain accounts or account types from which we
cannot deduct fees directly, we will ask you for written authorization to deduct fees attributable to such
accounts from another one of your accounts under our supervision.

The qualified custodian will deliver an account statement to you at least quarterly. These account
statements will show all disbursements from your account, including fees paid to K&A. You should
review all statements for accuracy including the determination of the appropriate fee rate. If you find
any inconsistent information, please call our main office number located on the cover page of this
brochure.

We reserve the right to negotiate fees based on particular client circumstances. Further, many client
relationships existed prior to the implementation of our current fee schedule. As a result, clients' fees
may differ (higher or lower) from the fee schedule above.

You may terminate the advisory agreement with us at any time upon written notice. You will incur
advisory fees in proportion to the number of days in the quarter for which you were a client prior to the
termination of your advisory agreement. If you have paid advisory fees in advance, you will receive a
pro-rated refund of such fees based on the number of days remaining in the period for which you have
paid fees in advance.

Retainer Service Fees
K&A charges a fixed fee for retainer services typically ranging from $5,000 to $300,000, as agreed
upon in your client agreement, You will typically be billed semi-annually either in advance or in
arrears. If the overall scope of the relationship changes, we may mutually agree to adjust the amount
to be paid.

Either party may terminate the retainer agreement upon written notice to the other. The retainer fee will
be pro-rated for the period in which the cancellation notice was given. In the event that you are billed in
advance, we will refund the pro-rata portion of the fee related to the period after the date of
cancellation.

Consulting Services
Fees for a stand-alone financial plan will generally range from $2,500 to $50,000 depending on the
complexity and scope of the plan, your financial situation, or your objectives. Ongoing retirement plan
consulting services are charged on either a fixed or asset-based fee basis depending on the nature of
the consulting services provided. The exact fee is determined on a case-by-case basis and is
dependent on the nature and complexity of a client's circumstances. All fees are mutually agreed upon
prior to entering into an agreement.

All financial planning fees are due upon completion and delivery of the plan. Consulting service fees
are typically paid quarterly although the time period may vary based on the nature of the relationship
and may be due in advance or in arrears. Either party may terminate a financial planning or consulting
services agreement upon written notice to the other. You may incur a pro rata charge for financial
planning and/or consulting services rendered prior to such termination.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. Certain open-end mutual funds, in addition to
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Item 7 Types of Clients
We offer investment advisory services to individuals (other than high net worth individuals), high net
worth individuals, trusts, pension and profit sharing plans, estates, charitable organizations, and other
types of corporations.

In general, we require a minimum of $2,000,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum as an
accommodation for clients' family members or if you appear to have significant potential for increasing
your assets under our management. We may also combine account values for you and your minor
children, joint accounts with your spouse, and other types of related accounts to meet the stated
minimum.