McKinley Carter Wealth Services Inc

Item 5. Fees and Compensation

MCWS offers its services on a fee basis, which includes hourly and/or fixed fees, as well as fees based on assets
under management.

Wealth Management Fees

MCWS provides wealth management services for an annual fee that is either: (i) a fixed fee, (ii) an
asset-based fee calculated as a percentage of the market value of the assets being managed by
MCWS, or (iii) a combination of the fixed and asset-based fees. MCWS’s annual fee is exclusive of,
and in addition to brokerage commissions, transaction fees, and other related costs and expenses
which are incurred by the client. MCWS does not, however, receive any portion of these
commissions, fees, and costs.

The specific details of the fee arrangement shall be outlined in the client agreement. MCWS’s fee
shall be prorated and charged monthly, in arrears unless otherwise agreed to. For asset-based fees,
the fee is determined based on the market value of the assets on the last day of the previous month.
MCWS’s wealth management services fees are negotiable, but generally range from $1,000 to
$20,000 on a fixed fee basis and/or the following fee schedule:

                  Total Household Assets Under Management         Annualized Fee

                         The first $500,000                         1.25%

                         $500,001 - $2,000,000                      1.00%
                         $2,000,001 - $5,000,000                    0.75%
                         $5,000,001 - $10,000,000                   0.50%
                         $10,000,001 +                              0.40%
                         Above $25,000,000                          Negotiable
                        (Minimum annual fee of $9,750)

Institutional Investment Management Services Fees

MCWS provides institutional investment supervisory services for an annual fee based upon a
percentage of the market value of the assets being managed by MCWS. MCWS’s annual fee is
exclusive of, and in addition to, brokerage commissions, transaction fees, and other related costs and
expenses which are incurred by the client. MCWS does not, however, receive any portion of these
commissions, fees, and costs. MCWS’s annual fee for these services, as well as philanthropic
services, is typically prorated and charged quarterly, in arrears, based upon the market value of the
assets being managed by MCWS on the last day of the previous quarter according to the following
fee schedule:

                Total Household Assets Under Management                Annualized Fee

                          The first $5,000,000                              0.75%

                          $5,000,001 - $15,000,000                          0.50%

                          $15,000,001 - $25,000,000                         0.40%
                          Above $25,000,000                                 0.25%

Financial Planning and Consulting Fees

MCWS charges a fixed fee and/or hourly fee for financial planning and consulting services. These
fees are negotiable but generally range from $350 to $10,000 on a fixed fee basis and/or from $50
to $500 on an hourly rate basis, depending upon the level and scope of the services and the
professional renderings of the financial planning and/or the consulting services. If the client engages
MCWS for additional investment advisory services, MCWS may offset all or a portion of its fees for
those services based on the amount paid for the financial planning and/or consulting services.

Before engaging MCWS to provide financial planning and/or consulting services, the client is required
to enter into a written agreement with MCWS setting forth the terms and conditions of the
engagement. Generally, MCWS requires one-half of the financial planning/consulting fee (estimated
hourly or fixed) payable upon entering the written agreement. The balance is generally due upon
delivery of the financial plan or completion of the agreed-upon services.

Philanthropic Services Fees

Certain philanthropic services are included in the institutional investment management fees described
above. Where a client needs more services than those that are included in their institutional
investment management services, the client can request the following services for additional fees:

Philanthropic Services                                               Charge

Planned giving manual for professional advisors                      $10,000

Promotion and management of Charitable Trusts*                       $6,000

Promotion and management of Charitable Gift Annuities*               $6,000

Promotion and management of Pooled Income Funds*                     $10,000

Promotion and management of Life Insurance Gifts*                    $5,000

Quarterly Training Sessions and Mentoring Staff                      $2,500 per session
*Includes writing and designing promotional brochure

For each of the services listed above (except for the training sessions), there is also an additional $1,000 annual
fee. In addition, there is a $500 annual fee for each planned giving instrument administered. With a charitable
remainder trust, there will be a filing fee required for annual tax returns. This fee is generally $1,000 to $1,500
and must be prepared by a certified public accountant.

Retirement Plan Services Fees

MCWS offers its retirement plan consulting services on a fee basis which includes a fixed fee as well
as an asset-based fee calculated as a percentage of the market value of the plan assets. The factors
considered by MCWS in determining the fee include the specific services requested by the plan
sponsor, plan complexity, type of plan, total value of assets in the plan, total number of eligible
employees, number of active plan participants, as well as the number and location of the facilities
operated by the plan sponsor.

MCWS’s retirement plan consulting services fees are negotiable but generally range from $500 to
...

Item 7. Types of Clients

MCWS provides its services to individuals, families, pension/retirement and profit-sharing plans,
trusts, estates, charitable organizations, non-profit organizations, corporations, and other business
entities.

Institutional Investment Management Services Minimum Fee

For its institutional investment management services, MCWS will typically charge a minimum annual
fee of $7,500. This minimum fee may have the effect of making MCWS’s service impractical for certain
institutional clients, particularly those with portfolios less than $1,000,000 under MCWS’s
management. MCWS, in its sole discretion, may waive its minimum annual fee based upon certain
criteria including anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, pre-existing client, account
retention, and pro bono activities.

Additionally, certain Independent Managers may impose more restrictive account requirements and
varying billing practices than MCWS. In such instances, MCWS may alter its corresponding account
requirements and/or billing practices to accommodate those of the Independent Managers.