Mitchell & PAHL Private Wealth LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

Mitchell & Pahl offers its advisory services on a fee-only basis. Our fees vary among the different
types of advisory services we offer and may be negotiated at our sole discretion. The specific fees and
manner in which fees are charged and calculated are described in your investment advisory
agreement. You should carefully review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher or lower than fees charged by other advisers who offer
similar services. You may be charged different fees than similarly situated clients for the same
services. You should carefully review this brochure to understand the fees and other sources of
compensation that exist among our services prior to entering into an investment advisory contract
with our firm.

Wealth and Portfolio Management Services

Mitchell & Pahl offers investment and wealth management services for an annual fee based on the
amount of assets under the firm’s management. Fees are generally billed in advance each calendar
quarter based on the market value of the billable assets under management/advisement on the last
day of the previous calendar quarter. For investment and wealth management services Mitchell &
Pahl provides with respect to certain client holdings (e.g., held-away assets, 529 plans, etc.), we may
negotiate a fee rate that differs from our standard fee schedule.

Our annual graduated fee schedule for wealth management services is as follows:

                        Assets Under                  Wealth Management
                        Management                    Fee
                        First $1,000,000              1.00%
                        Next $1,000,000               0.75%
                        Over $2,000,000               0.50%

This fee schedule may be based on cumulative household assets under management. However,
certain ERISA rules prevent householding corporate plans with personal assets for fee reductions.
You should refer to your advisory agreement for your specific fee rate(s).

Our annual fee for portfolio management services is as follows:

                        Portfolio Management Fee                  0.50%

Selection of Independent Managers

Fees for Independent Managers utilized for managing all or a portion of your account are set forth
by the Independent Manager and are included in Mitchell & Pahl’s advisory fees. You should refer
to the Independent Form ADV Part 2A Brochure for information on their fees and compensation.

Financial Planning and Consulting Services

Fees for financial planning and/or consulting services can be billed at an hourly rate, fixed rate, or
project basis in advance on a monthly or quarterly basis. There is no minimum fee required for
financial planning or consulting services; however, financial planning and consulting fees shall
generally not exceed $20,000. Fees are due and payable as incurred. Mitchell & Pahl may agree with
clients to charge fixed fees for consulting services.

Factors we consider when determining our financial planning and consulting fees include, but are
not limited to:

   •   The amount of time we expect to spend completing the financial planning or consulting
       services and providing related advice;

   •   The complexity of your goals, issues and/or needs;

   •   The extensiveness and complexity of the data needed regarding your personal financial
       information;

   •   Your net worth or the value of your investment accounts and/or other assets that are the
       subject of the financial planning or consulting services; and/or

    •   Special circumstances related to life changes, marital status, health or special income needs,
        or growth or decline of a personal business.

Mitchell & Pahl may request a retainer to initiate financial planning and consulting services.
However, we will not request the prepayment of fees more than $1,200 in advisory fees more than
six months in advance.

You may engage Mitchell & Pahl for additional investment management services to assist with
implementing one or more financial planning recommendations. You will incur additional fees if
you retain our firm for such services. You have complete freedom in selecting an investment adviser
to assist you in implementing any recommendations by Mitchell & Pahl and are under no obligation
to act upon the advice we provide.

For consulting services, the investment advisory agreement between Mitchell & Pahl and the client
will continue in effect until terminated by either party. For stand-alone financial planning services,
the agreement between Mitchell & Pahl and the client will terminate upon delivery of the plan or
completion of the service.

Payment of Fees
Clients must authorize Mitchell & Pahl to instruct the account custodian to directly debit fees from
the client’s account. Accounts initiated or terminated during a calendar quarter will be charged a
prorated fee.

Fees for our advisory services generally require you to pay investment advisory fees in advance of
receiving services. Upon termination of your advisory agreement with our firm, we will promptly
refund any prepaid, unearned fees.

    •   For investment and wealth management services, refunds are calculated by taking the total
        advisory fee billed for the calendar quarter, dividing that amount by the number of days in
        the calendar quarter and multiplying that amount by the number of days services were not
        provided during the calendar quarter.

    •   For separate financial planning and consulting services, refunds are calculated based on the
        value of the services that were completed prior to termination of the advisory agreement.

Other Types of Fees and Expenses You May Incur

Clients may incur certain charges imposed by custodians, brokers, third-party investments and other
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Item 7 – Types of Clients

Mitchell & Pahl offers investment advisory services to a wide variety of clients, including
individuals, high net worth individuals and families, pension, profit-sharing and other employer
sponsored plans, trusts, estates, family entities, charitable institutions, foundations, corporations,
and other business entities.

Mitchell & Pahl generally does not require a minimum initial investment for investment
management services. The firm, in its sole discretion, may accept clients with smaller portfolios
based upon each client’s particular circumstances.