Meschel Wealth Management LLC

Item 5:            Fees and Compensation

          A.       Fees Charged

          Investment Management Fees

          MWM provides investment management services for an annual fee based upon a percentage of the market
          value of the assets being managed by MWM. MWM’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. MWM does not, however, receive any portion of these commissions, fees, and costs. MWM’s
          annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets being
          managed by MWM on the last day of the previous quarter/month.

                               TIER       PORTFOLIO VALUE                    BASE FEE
                                 1              $0 - $250,000                   1.25%
                                 2          $250,001 - $500,000                 1.00%
                                 3         $500,001 - $1,000,000                0.90%
                                 4        $1,000,001 - $2,500,000               0.60%
                                 5        $2,500,001 - $5,000,000               0.40%
                                 6              $5,000,000+                     0.25%

          The annual fee follows a tiered fee schedule as shown. Each increment of assets under management are
          charged the appropriate fee and then added together for a total fee to be charged to the account. For
          example, if your account value is $400,000 then the first $250,000 will have a fee of 1.25% and the next
          $150,000 will have a fee of 1.00%. Any changes to the fee charged cannot be made by MWM without
          the express consent of the client.

          MWM, in its sole discretion, may negotiate to charge a lesser management fee based upon certain criteria
          (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be

managed, related accounts, account composition, pre-existing client, account retention, pro bono
activities, etc.).

Third Party Asset Management

Client shall pay Adviser a quarterly fee, paid in advance, based upon the net market value of Client’s
managed assets as of the last day of the prior quarter. The annual management fee is 1.25%. The custodian
will deduct the fee from your account and remit it to MWM. In addition to the fees to Advisor, each
manager charges ongoing management fees. These fees should not be confused with “loads” or
commissions. Adviser does not receive any additional compensation, either directly or indirectly, from
these managers. Various transaction fees to the Custodian or other brokerage firm associated with the
custody, purchases and/or sales of assets in Client’s account will also be incurred. To the extent that your
assets are allocated among independent third-party managers, the fees charged by such third-party
managers are separate and in addition to the fees charged by Advisor. No portion of Adviser’s
compensation shall be based upon a share of capital gains or appreciation of the assets or any portion of
the assets.

The aggregate fees charged to Clients, including both MWM’s fee and any third-party manager fees, will
not exceed 3.00% of assets under management annually.

Financial Planning Fees

Fees for financial plans can be charged on either a fixed or hourly basis. Hourly fees do not exceed $350
per hour and fixed fees range from $1,500 to $5,000. Both hourly and fixed fees are negotiable based
upon the actual services requested and the complexity of the client’s situation. If fees are charged on an
hourly basis, MWM provides the client with an estimate of the hours needed to complete the requested
plan. If more time is needed to complete the plan than the original estimate, MWM requests the
permission of the client prior to proceeding with any additional work. The client is charged for the actual
time expended on the plan. Both hourly and fixed fees are due upon presentation of the plan to the client
and MWM provides the client with a detailed billing statement.

Financial planning services terminate upon presentation of the plan to the client. However, either MWM
or the client can terminate services at any time by providing written notice to the other party. Termination
is effective immediately upon receiving the notice. If services are terminated within five business days
of signing the financial planning agreement, services are terminated without penalty. The client is
responsible for the time expended to the date of termination and MWM provides the client with a billing
statement detailing the prorated charge due.

B.      Fee Payment

For clients whose assets are managed by MWM, investment advisory fees will be debited directly from
each client’s account. The advisory fee is paid quarterly, in advance, and the value used for the fee
calculation is the net value as of the last market day of the previous quarter. To the extent there is cash
in your account, it will be included in the value for the purpose of calculating fees. Once the calculation
is made, MWM will instruct your account custodian to deduct the fee from your account and remit it to
MWM. MWM does not send invoices to clients.

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. Each quarter, the client will receive a
statement from their account custodian showing all transactions in their account, including the fee.

C.      Other Fees

As further discussed in response to Item 12 (below), MWM generally recommends that clients utilize
the brokerage, custodial, and clearing services of Schwab for investment management accounts.

MWM may only implement its investment management recommendations after the client has arranged
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Item 7:           Types of Clients

          MWM provides its services to individuals, pension and profit-sharing plans, trusts, estates, charitable
          organizations, corporations and business entities.

          MWM does not have a specified minimum account size.