Maureen A Whelan

Item 5: Fees and Compensation
Fees for “Retirement Reviews” are charged as a fixed fee and start at $2,500. A client’s fee is based on the
complexity of the client’s situation and range from $2,500 to $5,000. Of the total fee, ½ is payable upon
signing the Agreement and the balance upon delivery of the written plan.

Periodic updates to “Retirement Reviews” start at $1,500, with the fee being based on the complexity of the
client’s circumstances at the time of review. Fees are due after the completion of the services.

Advisor accepts payment by check.

Whelan Financial Planning’s Fees for Investment Management services are flat, annual fees. They are
based on both the amount of the client’s assets under management and the complexity of the client’s
circumstances. The annual fee is determined at the start of the relationship and remains in effect until there
is a significant change in the client’s situation. A client’s annual fee is determined at the start of the
relationship and remains in effect until notice by Adviser of a fee adjustment. Thirty days after Adviser
provides notice of a new fee, the new fee goes into effect

The minimum annual fee for Investment Management services is $3,000.

These fees are for advisory services only and do not include any transaction fees or commissions, which
may be charged separately by the broker/dealer custodial firm. See the section heading Brokerage Practices
for more information.

Investment Management fees are payable quarterly in arrears. The first payment is assessed and due at the
end of the first billing quarter and will be assessed pro rata in the event the Agreement is executed at any
time other than the first day of the current quarter. Subsequent payments are due and will be assessed on the
first day after the end of each quarter. Billing quarters end in February, May, August, and November.

Fees may be paid directly by the client, or client may authorize the custodian holding client funds and
securities to deduct Whelan Financial Planning advisory fees directly from the client account in accordance
with statements prepared and submitted to the custodian by Whelan Financial Planning. The custodian will
provide periodic account statements to the client. Such statements will reflect all fee withdrawals by Whelan
Financial Planning. We urge clients to verify the accuracy of the fee calculation. The custodian will not
determine whether the fee is properly calculated.

Account review statements and invoices, prepared by Whelan Financial Planning, are sent to clients to
coincide with the deduction of fees from their accounts.

Fees are negotiable at the discretion of the advisor.

Fees are not collected for services to be performed more than six months in advance.

For Investment Management clients, services will continue until either party terminates the Agreement on
immediate written notice. If termination occurs prior to the end of a billing quarter, the client will be
invoiced for fees due on a pro-rata basis.

For Retirement Reviews, the client may terminate the Agreement at any time and a refund of the unearned
fees will be made based on time and effort expended before termination. All fees earned that are unpaid at
termination become due and payable by the client.

Fees at Termination
Please note, unless a client has received the firm’s Disclosure Brochure at least 48 hours prior to signing the
investment advisory contract, the investment advisory contract may be terminated by the client within five
(5) business days of signing the contract without incurring any advisory fees or penalty.

In the event of termination of an engagement, any prepaid unearned fee will be refunded to the client. For a
financial planning only engagement Whelan Financial Planning will return any advance unearned fee based
on the work completed and the fee for work completed not yet paid for by client will be due and owing upon
termination.

Item 7: Types of Clients and Account Minimums
Whelan Financial Planning provides advisory services to individuals.

Generally, the minimum account size is $300,000, subject to a minimum annual fee of $3,000. There is no
minimum for clients retaining financial planning services.