Mendel Money Management Inc

Item 5: Fees and Compensation

Compensation
Clients may pay fees based on a percentage of their assets under management or hourly
charges, fixed fees, and subscription fees.

Compensation - Asset Management Fees
For our asset management services, clients pay fees based on a percentage of their assets
under management, by household. The maximum fee schedules are below.

                       PERCENTAGE OF ASSETS UNDER MANAGEMENT
                         Value of Account     Annual Fee (tiered)
                         First $5,000,000          1.00%
                         Next $5,000,000           0.75%
                      $10,000,000 and Above        0.60%

This fee is payable quarterly, in advance, and is based upon the fair market value of a client's
assets determined at the end of the preceding calendar quarter. The initial fee is due at the end
of the quarter during which advisory services commence and is pro-rated to the end of the
calendar quarter based on the initial deposit in the account. These fees are subject to
negotiation and may vary from what is described above.

An advisory contract with the Firm may be terminated upon 30 days' notice of either party and
any unearned portion of prepaid fees, less any expenses incurred by the Firm in connection
with the termination, will be refunded to the client.

Compensation – Financial Planning and Consulting
Financial Planning and Consulting fees will be charged in one of two ways:

       •   As a fixed fee, typically ranging from $1,500 to $3,000, depending on the nature and
           complexity of each client’s circumstances
       •   On an hourly basis of $250 to $500 per hour, or
       •   On a monthly subscription basis of $100 per month.

Fixed fee and hourly financial planning and consulting fees are typically invoiced and due in
arrears upon presentation of the financial plan or completion of the consulting engagement for
the client.

Financial planning subscription fees are charged monthly in advance. Subscription services may
include quarterly progress reports, access to a financial adviser via email or phone, and an
annual one-page financial plan and employee benefits review. No investment advice is provided
unless a client has opted into our asset management services in addition to this service.

Other Fees
For asset management services provided by us, clients should expect to pay some, or all of the
following additional expenses charged by third parties:

   •   Custodial and similar fees and costs customarily associated with the maintenance of a
       custody or brokerage account.
   •   Internal expenses associated with products such as mutual funds and ETFs, including
       investment management and 12b-1 fees. These internal expenses are typically
       calculated as a percentage of the fund’s assets under management. Some of these fees
       are retained by the product issuers, and some are paid to third parties, such as a
       custodian, for services including the maintenance of shareholder accounts and the
       distribution of prospectuses and similar items. More information about specific
       expenses charged by a fund or ETF may be found in the applicable prospectus. Because
       these expenses are directly deducted from a fund’s assets, they have the effect of
       reducing the performance of the investment.
   •   Products, primarily mutual funds, may have multiple share classes, each class with
       different fee and compensation structures, which may include deferred sales charges.
       Charges for internal expenses may also differ among share classes, including investment
       management fees and 12b-1 fees. Mutual fund shares may be subject to these fees and
       expenses, and we may acquire shares other than those designated specifically for
       advisory or institutional accounts. Lower cost share classes for the same mutual fund
       may be available through another arrangement.
   •   Other types of charges and expenses may be incurred, including mark-ups and mark-
       downs, odd-lot differentials, spreads paid to market makers from whom securities are
       obtained, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes
       on brokerage and securities transactions.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge
the client an asset-based fee as set forth in the advisory agreement the client executed with our
firm. This creates a conflict of interest because it creates a financial incentive for our firm to
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Types of Clients
We provide investment advice to:

   •   Individuals
   •   Retirement plans
   •   Trusts, estates, and charitable organizations
   •   Corporations

Account Minimums
We do not require a minimum account size, but we may charge a minimum annual fee of $7,500
based on assets under management (AUM). Alternatively, clients can opt for a subscription fee of
$100 per month plus AUM, with no minimum account size required.