LK Financial Planning LLC

Item 5: Fees and Compensation

    A. Fee Schedule

    Investment Supervisory Services Fees

    AUM based fee fees may be withdrawn directly from the client’s accounts with client written
    authorization and will not exceed 1.00% of assets under management. In calculating the
    market value of a client’s assets, assets allocated to cash or a cash proxy, such as a money
    market account, will be included in the calculation of assets under management.

    Financial Planning Fees

Fixed Fees

Depending upon the complexity of the situation and the needs of the client, the rate for
creating client financial plans is between $0 and $25,000. The fees are negotiable and the
final fee schedule will be set forth in the Client Agreement.

Hourly Fees

Depending upon the complexity of the situation and the needs of the client, the hourly fee
for these services is between $250 and $350. The fees are negotiable and the final fee
schedule will be contained in the Client Agreement. Clients who are charged fees based upon
hourly charges for work will also be responsible for reasonable disbursements of LKFP, billed
at cost, incurred in rendering the services. Clients may terminate their contracts without
penalty within five business days of signing the advisory contract.

All clients, but especially those with smaller accounts, should be advised they may receive
similar services from other professionals for higher or lower overall costs.

B. Payment of Fees

Payment of Investment Supervisory Fees

The advisory fee is paid quarterly, in arrears, based upon the market value of the assets being
managed by LKFP on the last day of the previous billing period as valued by the custodian of
your assets. For example, if your annual fee is 1.00%, each quarter we will multiply the value
of your account on the last day of the previous billing period by 1.00%, then divide by 4 to
calculate our fee. Advisory fees based upon assets under management will be withdrawn
directly from the client’s accounts with client written authorization.

Payment of Financial Planning Fees

Hourly Financial Planning fees are paid via check in arrears upon completion or in advance,
but never more than three months in advance. In the event of a termination of the
engagement prior to completion, any fee collected in advance that is not earned will be
refunded to the client. The fee refunded will be the balance of the fees collected in advance
minus the hourly rate times the number of hours of work that has been completed up to and
including the day of termination.

Fixed Financial Planning fees are paid via check in arrears upon completion or in advance, but
never more than three months in advance. Fees that are charged in advance will be refunded
based on the prorated amount of work completed at the point of termination.

    All clients, but especially those with smaller accounts, should be advised they may receive
    similar services from other professionals for higher or lower overall costs.

    C. Other Fees

    Clients are responsible for the payment of all third party fees (i.e., custodian fees, brokerage
    fees, mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the
    fees and expenses charged by LKFP. Please see Item 12 of this brochure regarding
    broker/custodian. Clients who are charged fees based upon hourly charges for work will also
    be responsible for reasonable disbursements of LKFP, billed at cost, incurred in rendering the
    services.

    D. Prepayment of Fees

    In some cases, LKFP may collect fees in advance. If so, in the event of termination, fees
    collected in advance will be refunded based on the prorated amount of work completed at
    the point of termination and the total days during the billing period. Fees will be returned
    within fourteen days to the client via check.

    LKFP will cease to perform services, including processing trades and distributions, upon
    termination. Assets not transferred from terminated accounts within 30 (thirty) days of
    termination may be “de-linked”, meaning they will no longer be visible to LKFP and will
    become a retail account with the custodian.

    E. Outside Compensation for the Sale of Securities to Clients

    Neither LKFP nor its supervised persons accept any compensation for the sale of securities or
    other investment products, including asset-based sales charges or services fees from the sale
    of mutual funds.

Item 7: Types of Clients
    LKFP generally provides investment advice and/or management supervisory services to
    Individuals and High-Net-Worth Individuals.

    LKFP requires an account minimum of $2 million, which it has the discretion to waive.