Legend Financial Advisors Inc

ITEM 5 - FEES AND COMPENSATION:
Compensation Description/Fee Billing:

Legend only receives fees from its clients. Generally, fees are not negotiable. However, in rare
circumstances, Legend, in their sole discretion, may waive their minimum fee and/or adjust the fee
charged based upon certain criteria (e.g., type of assets, amount of assets to be added, anticipated
future additional assets, dollar amounts of assets to be managed, anticipated future earning capacity,
accounts owned by relatives of the Client and/or businesses related to the Client, account
composition, etc.).

For any service, a client may terminate their relationship at any time and receive a pro rata refund of
any unearned fee. Similarly, any earned, unpaid fees will be due and payable upon termination.

For any service, Legend may terminate their relationship at any time and will refund any unearned
fees as determined on a pro rata basis, if applicable. Similarly, any earned, unpaid fees will be due
and payable upon termination.

When utilizing Legend’s recommended custodian, fees from managing the account will be deducted
directly from the account, unless otherwise agreed upon.

Financial Planning Fee Information:
Annual Financial Planning Flat Fee:

Clients who have retained Legend for financial planning services for an agreed upon fixed fee which
is reset annually, separate from any investment assets managed or consulted upon will be billed on a
fixed rate basis in advance. The fee will be billed in semi-annual or quarterly increments in advance.
Generally, annual financial planning can range between $500 - $10,000. This type of fee does not
apply to hourly Financial Planning clients.

Hourly Financial Planning Fee Schedule:

Legend will charge all the staff members’ applicable hourly fees listed below in arrears monthly to the
Client.

The billing rate for Legend’s Hourly Financial Planning Fee Schedule for staff time is listed below:

      Wealth Advisor:                                 $300.00 per hour
      Senior Assistant Wealth Advisor:                $150.00 per hour
      Senior Investment Analyst:                      $150.00 per hour
      Assistant Investment Analyst:                   $100.00 per hour
      Assistant Wealth Advisor:                       $100.00 per hour
      Investment Coordinator:                         $100.00 per hour
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      Administrative:                                    $75.00 per hour
      Clerical:                                          $25.00 per hour

Invoices will be created monthly and sent to the client. In addition to the invoice, the client will receive
a breakdown of each employee’s activity and time spent completing that activity.

In special circumstances, Legend may require a deposit (fixed rate fee) in advance of any services
rendered. The deposit will be offset against the fee for any services rendered. Once the deposit
amount is exhausted, Legend will require an additional deposit amount to continue services to the
client.

Discretionary Investment Management Fee Schedule

For discretionary investment management services, all portfolios will be billed on a combined basis
per family entity including non-adult children’s accounts on a fiscal quarterly basis. These portfolios
will be charged as a percentage of assets under management, according to the following quarterly
fee schedule:

      .90% on the first $500,000;
      .85% on the amount in excess of $500,000 but not greater than $1,000,000;
      .75% on the amount in excess of $1,000,000 but not greater than $2,000,000;
      .50% on the amount in excess of $2,000,000, but not greater than $5,000,000;
      .25% on the amount in excess of $5,000,000.

Generally, Legend accepts clients with a minimum of $300,000 in investable assets. This value may
be waived at Legend’s discretion. Individual portfolios are subject to a minimum securities value for
each portfolio of $250,000. Legend has the discretion to waive the portfolio minimum size.

This fee is calculated on a fiscal quarterly basis based on the average daily value of the Client’s
investment portfolio or investment strategy for each day during the quarter. If the Client has multiple
investment portfolios or investment strategies, the investment portfolios or investment strategies are
aggregated together to calculate the fee. Discretionary investment management fees will be billed
quarterly in arrears.

Investment Management Consulting / General Consulting Fee:
Clients are charged a single fee for these services and billed quarterly in advance. The fees are
generally deducted from client accounts that are under Legend’s management or may be paid via
check. Multiple portfolios can be included under this single fee.
For held-away assets, clients will be charged on a quarterly basis based on a percentage of the
assets Legend is consulting on and according to the following schedule:
           .2250% on the first $500,000;
           .2125% on the amount in excess of $500,000 but not greater than $1,000,000;
           .1875% on the amount in excess of $1,000,000 but not greater than $2,000,000;
           .1250% on the amount in excess of $2,000,000, but not greater than $5,000,000;
           .0625% on the amount in excess of $5,000,000.

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Generally, Legend accepts clients with a minimum of $300,000 in investable assets. This value may
be waived at Legend’s discretion. Individual portfolios are subject to a minimum securities value for
each portfolio of $250,000. Legend has the discretion to waive the portfolio minimum size.
This fee is charged in advance and calculated based on the last day of the previous business quarter.
If the Client has multiple investment portfolios or investment strategies, the investment portfolios or
investment strategies are aggregated together to calculate the fee.
...

ITEM 7 - TYPES OF CLIENTS:
Legend provides investment management services to individuals, retirement plans, trusts, estates,
non-profit organizations, businesses, medical practices, and registered investment advisory firms.
Legend also provides personal financial planning services to individuals.

In addition, Legend offers medical practice and business financial planning services to those clients
who request such services.

Minimum Account Size

Generally, Legend accepts clients with a minimum of $300,000 in investable assets. This value may
be waived at Legend’s discretion. Individual portfolios are subject to a minimum securities value for
each portfolio of $250,000. Legend has the discretion to waive the portfolio minimum size.