Marin Financial Advisors LLC

Item 5-Fees and Compensation
Investment Management
The Advisor bases its fees on a percentage of assets under management, hourly charges, and fixed
fees. The length of service to the client is at the client’s discretion. Upon termination, fees will be
billed on a pro rata basis for the portion of the quarter completed. The portfolio value at the
completion of the prior full billing quarter is used as the basis for the fee computation, adjusted for
the number of days during the billing quarter prior to termination. The investment management
fees are negotiable at the sole discretion of the Advisor and may exceed the minimum annual
percentage due to additional advisory services provided.

Clients are charged an annual management fee based on account size according to the following
schedule:

           Minimum Annualized Investment Management Fees
           Account Value From    Account Value To      Annual Percentage Fee
           $0                    $1,000,000            1.00%
           $1,000,001            $2,000,000            0.75%
           $2,000,001            $5,000,000            0.50%
           $5,000,001            $10,000,000           0.40%
           Over $10,000,001                            Negotiable

The Advisor provides advice to company 401(k) plans at the following fee schedule:

 Plan Size
 From                              To                                MFA Fee
 $0                                $1,000,000                        0.90%
 $1,000,001                        $5,000,000                        0.70%
 $5,000,001                        $10,000,000                       0.60%
 $10,000,001                       $20,000,000                       0.50%
 $20,000,001                       $50,000,000                       0.40%
 $50,000,001                       $100,000,000                      0.30%

The investment management fees for advice on 401(k) plans are negotiable at the sole discretion
of the Advisor. The Advisor may and has agreed to a fixed fee rather than a fee based on assets
under management for this service. The client for this service is generally billed in arrears,
however at its discretion the Advisor may agree to other billing arrangements. Should a 401(k)
plan terminate, any fees taken in advance will be reimbursed pro rata for the time period that
services are provided.

Financial Planning
The Advisor may charge an additional hourly fee for complex financial planning advice that goes
beyond that which is typically included in the investment management fee. The hourly rate, which
is negotiable at the sole discretion of the Advisor, is determined by the extent and complexity of
the plan. Alternatively, the client and The Advisor can agree upon a fixed rate for the plan. In the
case of a fixed rate, The Advisor will charge an up-front retainer of at least $1,500 or up to half of

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the fixed rate fee whichever is greater, with the balance due upon the plan’s completion. Planning
fees generally range from $3,000 or more for the first six months with the fee being determined by
the extent and complexity of the plan. Fees for financial planning are negotiable for larger
accounts, multiple accounts or at the discretion of The Advisor. Financial planning agreements
may be terminated upon written notice by the client or the Advisor. Fees paid in advance for
financial planning are not refundable if the agreed upon work has been completed. If the client
terminates the agreement before The Advisor’s work is completed, fees will be refunded pro-rata
based upon how much of the work has been completed.

                          Item 6-Performance Fees
Performance Fees
Fees are not based on a share of the capital gains or capital appreciation of managed securities.
However, the Advisor may employ certain types of investments that do charge a performance fee
in which the Advisor does not participate. For these investments, refer to their offering or private
placement memorandum for an explanation and amounts of the performance fees.

Fee Billing
Investment management fees for wealth management clients are billed quarterly, in arrears,
meaning that we invoice you after the three-month billing period has ended. Payment in full is
expected upon invoice presentation. Fees are deducted from the client account to facilitate billing
as authorized by the investment management agreement. Arrangements may be made for advance
or invoice billing at the sole discretion of Advisor.
Other Fees
The Advisor may include mutual funds, variable annuity products, ETFs, and other managed
products or partnerships in clients’ portfolios. Clients may be charged for the services by the
providers/managers of these products in addition to the management fee paid to the Advisor. The
Advisor, from time to time, may select or recommend to separately managed clients the purchase
of proprietary investment products. The fees and expenses charged by the product providers are
separate and distinct from the management fee charged by the Advisor. These fees and expenses
are described in each mutual fund’s or underlying annuity fund’s prospectus or in the offering
memorandums of a partnership. These fees will generally include a management fee, other fund
expenses and a possible distribution fee. No-load or load waived mutual funds may be used in
client portfolios so there would be no initial or deferred sales charges; however, if a fund that
imposes sales charges is selected, a client may pay an initial or deferred sales charge. A client
could invest in a mutual fund or variable annuity or investment partnership directly, without the
services of the Advisor. Accordingly, the client should review both the fees charged by the funds
and the applicable program fee charged by the Advisor to fully understand the total amount of fees
to be paid by the client and to thereby evaluate the Advisory services being provided. If it is
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Item 7-Types of Clients
Description
The Advisor generally provides investment advice to individuals, pension and profit-sharing plans,
trusts, estates, or charitable organizations, and corporations or business entities. Client
relationships vary in scope and length of service.
Account Minimums
The Advisor generally requires a minimum account size of $2,000,000 of assets under
management. The Advisor has the sole discretion to waive the account minimum.