Larson Financial Planning Inc

Item 5 – Fees and Compensation

The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client shall sign one or more agreements that detail the responsibilities of LFP and the Client.

A. Fees for Advisory Services
Investment Management Services
Investment management fees are paid quarterly, in advance of each calendar quarter, pursuant to the terms of the
investment management agreement. Investment advisory fees are based on the market value of assets under
management at the end of the prior calendar quarter. Investment advisory fees range from 0.50% to 1.50% based
on the size of the relationship, services to be offered and the complexity of the Client’s situation.

The investment management fee in the first quarter of service is prorated from the inception date of the account[s]
to the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will
take into consideration the aggregate assets under management with the Advisor. All securities held in accounts
managed by LFP will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

Financial Planning Services
LFP offers financial planning services either on an hourly basis or for a fixed fee. Hourly fees are at a rate of $250.
Fixed engagements fees are based on the estimated hours it will take to complete the deliverable[s] at the
negotiated hourly rate. Fees may be negotiable at the sole discretion of the Advisor, depending on the nature and
complexity of the services involved. An estimate for total hours will be determined prior to engaging for these
services.

B. Fee Billing
Investment Management Services
Investment management fees will be calculated by the Advisor or its delegate and deducted from the Client’s
account[s] at the Custodian. The Advisor or its delegate shall send an invoice to the Custodian indicating the
amount of the fees to be deducted from the Client’s account[s] at the beginning of the respective quarter. The
amount due is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under
management with LFP at the end of prior quarter. Clients will be provided with a statement, at least quarterly, from
the Custodian reflecting deduction of the investment management fee. Clients are urged to review the statement
provided by the Custodian, as the Custodian does not perform a verification of fees. Clients provide written
authorization permitting advisory fees to be deducted by LFP to be paid directly from their account[s] held by the
Custodian as part of the investment advisory agreement and separate account forms provided by the Custodian.

Financial Planning Services
Hourly financial planning fees are invoiced monthly or upon completion of the agreed upon deliverable[s]. Clients
may be required to provide an advance payment of up to fifty percent (50%) of the expected cost upon execution of
the financial planning agreement. The balance shall be invoiced upon completion of the engagement deliverable[s].

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties, other than LFP, in connection with investment
made on behalf of the Client’s account[s]. The Client is responsible for all securities execution and custody fees
charged by the Custodian, if applicable. The Advisor’s recommended Custodian does not charge securities
transaction fees for ETF and equity trades in Client accounts, but typically charges for mutual funds and other types
of investments. The fees charged by LFP is separate and distinct from these custody and execution fees.

                                             Larson Financial Planning Inc.                                               6
                                          12 Dana Avenue, Winchester, MA 01890
                                        Phone: (781) 729-1094 * Fax: (866) 303-2410
                                                  http://www.larsonfp.com

In addition, all fees paid to LFP for investment advisory services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in
each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A client may be able to invest in these products directly, without the services of LFP but would not
receive the services provided by LFP which are designed, among other things, to assist the Client in determining
which products or services are most appropriate for each Client’s financial situation and objectives. Accordingly, the
Client should review both the fees charged by the fund[s] and the fees charged by LFP to fully understand the total
fees to be paid. The Client should review both the fees charged by the fund[s], the Custodian and the fees charged
by LFP to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional
information.

D. Advance Payment of Fees and Termination
Investment Management Services
LFP is compensated for its services in advance of the quarter in which investment management services are
rendered. Either party may terminate the investment management agreement, at any time, by providing advance
written notice to the other party. The Client may also terminate the investment management agreement within
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Item 7 – Types of Clients

LFP provides investment advisory services to individuals, high net worth individuals, trusts, estates, and
businesses. LFP generally imposes a minimum relationship size of $500,000 for establishing a relationship. The
minimum may be reduced or waived at the sole discretion of the Advisor.

                                             Larson Financial Planning Inc.                                           7
                                          12 Dana Avenue, Winchester, MA 01890
                                        Phone: (781) 729-1094 * Fax: (866) 303-2410
                                                  http://www.larsonfp.com