Meridian Financial Partners LLC

Item 5:     Fees and Compensation
    A.      Fees Charged

    ASSET M ANAGEMENT
    All investment management clients will be required to execute an Investment Management Agreement
    that will describe the type of management services to be provided and the fees, among other items.

    Generally, fees vary from 0.50% to 1.00% per annum of the market value of a client’s assets managed
    by Meridian Financial. The fee range stated is a guide. Fees are negotiable, and may be higher or lower
    than this range, based on the nature of the account. Factors affecting fee percentages include the size
    of the account, complexity of asset structures, and other factors.

                  Assets under Management                Advisory Fee Schedule
                  On the first $2,000,000                        1.00%
                  Next $2,000,001 – $5,000,000                   0.85%
                  Next $5,000,001 – $10,000,000                  0.70%
                  At $10,000,001 and above                       0.50%
                              *$3,000 minimum annual fee per household

    *Generally, Meridian Financial has a $250,000 account minimum. However, smaller accounts may be
    accepted but will be charged a minimum fee to offset the static costs of servicing clients, which include
    the hours spent performing client service and financial planning for our clients. Because this time is the
    same (and sometimes more) for smaller accounts as well as larger ones, the minimum was
    created. Clients should be advised that when any account minimum is applied, clients with smaller
    accounts may pay more in terms of a percentage of assets under management than they would without
    a minimum fee. Accordingly, clients may pay less with another adviser.

    FINANCIAL PLANNING
    Fees for ongoing financial planning are included in the investment advisory fee. Significant changes to
    the financial plan (e.g. business succession, divorce allocations, estate settlement) may result in separate
    billing on an hourly basis, but we will clearly communicate this to you in advance. Additionally, hourly
    billing is available for projects outside the scope of our ongoing financial planning work. This may include
    expert witness testimony, divorce mediation, review of private business ventures, and second
    opinions. Our hourly billing rate is $300 per hour. A separate agreement will need to be executed
    outlining the scope of the project.

B. Fee Payment

Investment advisory fees will be debited directly from each client’s account. The advisory fee is paid
monthly, in advance, and the value used for the fee calculation is the gross value as of the last market
day of the previous month. This means that if your annual fee is 1.00%, then each month we will
multiply the value of your account by 1.00% then divide by the number of days in the year times the
number of days in the month to calculate your fee. In calculating the market value of a client’s assets,
assets allocated to cash or a cash proxy, such as a money market account, will be included in the
calculation of assets under management. Once the calculation is made, we will instruct your account
custodian to deduct the fee from your account and remit it to Meridian Financial. While almost all of
our clients choose to have their fee debited from their account, we will invoice clients upon request.

Clients whose fees are directly debited will provide written authorization to debit advisory fees from
their accounts held by a qualified custodian chosen by the client. The client will receive a statement
from their account custodian showing all transactions in their account, including the fee.

C.      Other Fees

There are a number of other fees that can be associated with holding and investing in securities. You
will be responsible for any fees charged by the custodian including transaction fees for the purchase or
sale of a mutual fund or Exchange Traded Fund, or commissions for the purchase or sale of a stock.
Expenses of a fund will not be included in management fees, as they are deducted from the value of the
shares by the mutual fund manager. For complete discussion of expenses related to each mutual fund,
you should read a copy of the prospectus issued by that fund. Meridian Financial can provide or direct
you to a copy of the prospectus for any fund that we recommend to you. Additionally, if you make any
special request of the custodian such as trust accounting and reporting, any charges from the custodian
will be passed on to you.

Most mutual funds offer different share classes with vary fee structures, including share classes with
sales load, sales charges, or 12B-1 fees. 12B-1 fees are deducted from the mutual funds’ assets on an
ongoing basis, and are paid to broker-dealers and registered representatives whose clients own those
shares to cover fund distribution and shareholder services. However, it is Meridian policy that when
specific funds offer more than one share class, Meridian will select the lowest-cost share class available
to the client, absent circumstances that dictate otherwise.

Additionally, as assets are transitioned from a client’s prior advisors to Meridian, clients may hold legacy
securities and may place restrictions on individual security types. Legacy securities are those that a client
owned prior to or separate from its Meridian portfolio. If a client transitions mutual fund shares to
Meridian that are not the lowest-cost share class, and Meridian is not recommending disposing of the
security altogether, Meridian will attempt to convert such mutual fund share classes into the lowest-
cost share classes the client is eligible for, taking into account any adverse tax consequences associated
with such conversion.

Please make sure to read Item 12 of this informational brochure, where we discuss broker-dealer and
custodial issues.

    D.      Pro-rata Fees
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Item 7:     Types of Clients
    Clients advised may include individuals, families, trusts, charitable organizations and foundations,
    pensions, and corporations. Meridian does not have an account minimum but does have a minimum
    fee of $3,000 per household. Please refer back to section 5, Fees and Compensation.