Lumina Wealth Management LLC

Item 5 - Fees and Compensation

General Fee Information
Fees paid to us are exclusive of all custodial and transaction costs paid to your custodian, brokers, or
other third-party consultants. Please see Item 12 - Brokerage Practices for additional information.
Fees paid to us are also separate and distinct from the fees and expenses charged by mutual funds,
ETFs (exchange traded funds) or other investment pools to their shareholders (generally including a
management fee and fund expenses, as described in each fund’s prospectus or offering materials).
You should review all fees charged by funds, brokers, Lumina, and others to fully understand the total
amount of fees paid by you for investment and financial-related services.

Financial Planning Fees
Our financial planning fees are negotiable, but generally range from $500 to $5,000 on a fixed fee
basis and/or from $100 to $250 on an hourly rate basis, depending upon the level and scope of the
services and the professional rendering the financial planning and/or the consulting services. A

retainer for these services is usually required in advance of the commencement of the work, with the
balance due upon completion.

Portfolio Management Fees
For assets managed directly by us and not managed by a Separate Account Manager, the annual fee
schedule, based on a percentage of assets under management, is not higher than 1.25%, subject to
negotiation at our sole discretion.

The minimum portfolio value is generally set at $50,000 and the minimum annual fee for any account
is $1,500. We may, at our discretion, make exceptions to the foregoing or negotiate special fee
arrangements where we deem it appropriate under the circumstances. To the extent that you
authorize the use of margin, the market value of your account and corresponding fee calculation
includes the margin balance. Accordingly, we do not reduce the amount billed by any outstanding
margin debt.

Portfolio management fees are generally payable quarterly, in advance, calculated based on the
account value of the previous quarter end. If management begins after the start of a quarter, fees will
be prorated accordingly. With your authorization and unless other arrangements are made, fees are
normally debited directly from your account(s).

Either you or Lumina may terminate your Investment Management Agreement at any time, subject
to any written notice requirements in the agreement. In the event of termination, any paid but
unearned fees will be promptly refunded to you based on the number of days that the account was
managed, and any fees due to us from you will be invoiced or deducted from your account prior to
termination.

General Consulting Fees
When we provide general consulting services to clients, these services are generally separate from
our portfolio management services. Fees for general consulting are negotiated at the time of the
engagement for such services, and are normally based on an hourly or fixed fee basis. A retainer for
these services is usually required in advance of the commencement of the work, with the balance due
upon completion. In addition, we may provide outsourced Chief Investment Officer services to
certain charitable or non-profit organizations (“CIO Services”). The fee for CIO Services shall be based
on the value of the assets allocated to Lumina for CIO Services and will normally vary between 0.20%
and 0.35% per year.

Other Compensation
Certain individuals of ours are licensed insurance agents with various insurance companies, and in
such capacity, may recommend the purchase of certain insurance products. While we do not sell such
insurance products to our investment advisory clients, we do permit these individuals as licensed
insurance agents, to sell insurance products to its investment advisory clients. A conflict of interest
exists to the extent that we recommend the purchase of insurance products where these individuals
receive insurance commissions or other additional compensation. Our employees

currently devote approximately 5 percent (5%) of their time to insurance sales. Our policy is to
disclose all forms of compensation before any such transaction is executed. Under no circumstance
will the client pay both a commission to the employee and a management fee to us on the same pool
of assets. Clients are under no obligation to purchase any insurance products from these individuals.

Item 7 - Types of Clients

We serve individuals, pension and profit-sharing plans, corporations, trusts, estates and charitable
organizations. With some exceptions, the minimum portfolio value eligible for conventional
investment advisory services is $150,000, and the annual minimum fee charged is $1,500. Under
certain circumstances and in our sole discretion, we may negotiate such minimums.