Lutz Financial Services LLC

Item 5           Fees and Compensation

A. Clients can engage Lutz Financial to provide discretionary or non-discretionary investment
   advisory services in accordance with the fee schedules and descriptions of fees described
   below.

    Although the schedules and description of fees set forth below are Lutz Financial’s
    standard fees, its fees remain negotiable. In addition, Lutz Financial reserves the right to
    charge different fees to clients based upon various objective and subjective factors. These
    factors include, but are not limited to, the amount of the assets placed under Lutz
    Financial’s management or supervision, the level and scope of the overall investment
    services to be rendered, anticipated future earning capacity, anticipated future additional
    assets, dollar amount of assets to be managed, related accounts, account composition,
    anticipated services to be rendered, grandfathered fee schedules, employees and family
    members, courtesy accounts, competition, negotiations with client, and the complexity of
    the engagement. As a result, Lutz Financial’s clients could pay diverse fees based upon the
    market value of their assets, the complexity of the engagement, and the level and scope of
    the overall financial planning and/or consulting services to be rendered. The services to be
    provided by Lutz Financial to any particular client could be available from other advisers
    at a higher or lower fee. Additionally, similarly situated clients could pay different fees.
    ANY QUESTIONS: Lutz Financial’s Chief Compliance Officer, James P. Boulay,
    remains available to address any questions that a client or prospective client may have
    regarding advisory fees.

                              INVESTMENT ADVISORY SERVICES
    Lutz Financial’s annual investment advisory fee for discretionary or non-discretionary
    investment advisory services shall be based upon a percentage (%) of the market value
    (including accrued interest) and type of assets placed under Lutz Financial’s management
    based on the following fee schedule:

                         Market Value of Portfolio            % of Assets
                         $500,000 - $1,000,000                 1.00%
                         $1,000,000 - $2,000,000               0.75%
                         $2,000,000 - $5,000,000               0.60%
                         $5,000,000 - $10,000,000              0.45%
                         $10,000,000 - $25,000,000             0.40%
                         Over $25,000,000                      0.30%

    Lutz Financial’s annual investment advisory fee shall be prorated and paid quarterly, in
    advance, based upon the market value of the assets on the last business day of the previous
    quarter. Lutz Financials fees are negotiable. Lutz Financial’s policy is to treat intra-quarter
    account additions and withdrawals equally unless indicated to the contrary on the Firm’s
    Investment Advisory Agreement executed by the client. Lutz Financial may partially bill
    increases in the client’s account after the account was billed. Lutz Financial may, in its sole
    discretion, adjust fees based upon certain criteria including, but not limited to, the client’s
    relationship, timing of the additional investment and a materiality analysis.

    Existing clients will be grandfathered under their current fee schedules. The above fee
    schedule shall apply to new clients as of the date of filing of this Brochure.

    Minimum Asset and Minimum Fee Levels. Lutz Financial maintains a minimum fee of
    the lesser of 1.50% annually or $1,250 per quarter, recalculated on a quarterly basis, for

clients who fall below Lutz Financial’s minimum assets under management. This minimum
will apply to new clients as of the date of this filing and some existing clients. Further, Lutz
Financial generally maintains a minimum asset level of $500,000. In the event that the
client is subject to an annual minimum fee, the client could pay a higher percentage fee
than referenced above.

Fee Dispersion. Lutz Financial, in its discretion, may charge a lesser or higher investment
advisory fee, charge a flat fee, waive appliable minimum asset or minimum fee levels,
waive its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e.,
anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, complexity of the
engagement, anticipated services to be rendered, grandfathered fee schedules, employees
and family members, courtesy accounts, competition, negotiations with client, etc.). As
result of the above, similarly situated clients could pay different fees. In addition, similar
advisory services may be available from other investment advisers for similar or lower
fees. ANY QUESTIONS: Lutz Financial’s Chief Compliance Officer, James P. Boulay,
remains available to address any questions that a client or prospective client may have
regarding advisory fees.

                         AUTOMATED INVESTMENT PROGRAM
Lutz Financial offers an Automated Investment Program for certain clients who do not
want ongoing planning and consulting services. This Program features asset management
services delivered digitally, with access to online financial planning software for the
client’s use. However, this program shall not include financial planning services. Members
of the Program are subject to a flat 1.00% annual advisory fee. Clients do not pay brokerage
commissions or any other fees to Altruist as part of the Program. Brokerage arrangements
are further described below in Item 12.

Additional features of this Program are further described in Item 4 above.

       FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
Lutz Financial may provide financial planning and/or consulting services (including
...

Item 7           Types of Clients

         Lutz Financial’s clients shall generally include individuals, high net worth individuals,
         retirement plans, charitable organizations, and business entities. Lutz Financial generally
         requires an annual minimum fee or asset level for investment advisory services.

         Lutz, in its discretion, may charge a lesser investment advisory fee, charge a flat fee, waive
         its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e.
         anticipated future earning capacity, anticipated future additional assets, dollar amount of
         assets to be managed, related accounts, account composition, complexity of the
         engagement, anticipated services to be rendered, grandfathered fee schedules, employees
         and family members, courtesy accounts, competition, negotiations with client, etc.). As
         result of the above, similarly situated clients could pay different fees. In addition, similar
         advisory services may be available from other investment advisers for similar or lower
         fees. ANY QUESTIONS: Lutz Financial’s Chief Compliance Officer, James P. Boulay,
         remains available to address any questions that a client or prospective client may have
         regarding advisory fees.