McKinley Financial Advisors Inc

Item 5 Fees and Compensation
Portfolio Management Services
Annual Advisory Fee: Our advisory fee for portfolio management services is based upon a percentage
of the assets held in your advisory account, including any cash balances. Our annual advisory fee for
these services is negotiable, ranges from 0.40% to 1.25% of your account balance, and is determined
on an individual client basis. The specific annual fee applicable to your account will be set forth in our
written advisory agreement and shall be determined based on a variety of factors, including, without
limitation, the complexity of your assets and the investment strategy expected to be employed by our
firm; the time expected to be required in managing your account; whether you request that a written
financial plan be prepared.

Our advisory fee is billed and payable quarterly, in arrears, based on the value of your account on the
last day of the previous quarter. If our portfolio management agreement is executed at any time other
than the first day of a calendar quarter our advisory fees will apply on a pro-rata basis. This means that
our advisory fee is payable only in proportion to the number of days in the calendar quarter
during which you are a client. Our advisory fee is negotiable, depending on individual client
circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

Direct Fee Deduction: We will deduct our advisory fee directly from your account on a quarterly basis
through the qualified custodian holding your funds and securities. We will deduct our advisory fee only
when the following requirements are met:

    • You provide our firm with written authorization permitting the fees to be paid directly from your
      account held by the qualified custodian.
    • We send you an itemized invoice showing the amount of our advisory fee, the value of the
      assets on which our advisory fee is based, the time period covered by our advisory fee, and the
      specific manner in which it was calculated.
    • We have a reasonable basis, after due inquiry, for believing that the qualified custodian of your
      account sends an account statement to you, at least quarterly, identifying the amount of funds
      and of each security in the account at the end of the period and setting forth all transactions in
      the account during that period, including the amount of the advisory fee paid directly to us.

We recommend that you carefully review all statements received from the custodian of your account
immediately upon receipt. We encourage you to reconcile our advisory fee invoices with the
statement(s) you receive from the qualified custodian. If you find any inconsistent information or have
any questions regarding our fees or services, please call our main office number located on the cover
page of this brochure.

Termination: You may terminate your portfolio management agreement with us by providing 30-day
written notice. You will incur a pro-rata charge for services rendered prior to the date of termination of
our agreement. This means you will incur advisory fees only in proportion to the number of days in the
terminating calendar quarter during which you were a client. If you have pre-paid any advisory fees
that we have not yet earned, you will receive a pro-rated refund of those fees payable by check or wire
transfer to the client's name.

Pension Consulting Services
Our fees for pension plans will be either a percentage of plan assets or a flat fee.

Percentage fees range from 0.40% to 1.25% of plan assets. Percentage fees will be calculated based
on the average plan assets for the billing period. Pension consulting fees are withdrawn directly from
participant accounts with written permission by the client and participant. This fee does not include
underlying fund expenses or custodial expenses (in which we do not participate in any revenue). Flat
fees are billed to the plan sponsor.

Fees may be billed in advance or arrears on a monthly, quarterly, semi-annual or annual basis as
agreed upon in your advisory contract.

Termination: You may terminate your pension consulting agreement with us by providing 30-day
written notice. You will incur a pro-rata charge for services rendered prior to the date of termination of
our agreement. This means you will incur fees only in proportion to the number of days in the
terminating calendar quarter during which you were a client. If you have pre-paid any fees that we
have not yet earned, you will receive a pro-rated refund of those fees.

Pennsylvania Department Regulation
For all of the above described services and in addition pursuant to the Commonwealth of Pennsylvania
Department of Banking and Securities under Department Regulation 404.011 if you have not received
a copy of this brochure at least 48 hours prior to signing a formal agreement with us, you have five (5)
business days in which to cancel the agreement, with no penalty.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
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Item 7 Types of Clients
We offer investment advisory services to individuals to include high net worth individuals, charitable
organizations, estates/trusts, pension plans, corporations or other businesses. We typically do not
require a minimum account size.