MJP Associates Inc

Item 5. Fees And Compensation

Compensation for Our Advisory Services

Asset Management:

Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Our current
fee schedules for our Asset Management service are described below:

    a. Standard Fee Schedule:

                      Market Value                Annual Percentage of Assets Charge

                   $0 to $749,999.99                               1.35%
               $750,000 to $1,249,999.99                           1.15%
              $1,250,000 to $1,999,999.99                          0.95%
              $2,000,000 to $2,999,999.99                          0.80%
              $3,000,000 to $4,499,999.99                          0.75%
                 $4.5 Million and Above                          Negotiable

    b. Self-Directed Brokerage Accounts (“SDBA”):

    Our firm will charge a flat fee not to exceed 1.00% for the management of any 401(k) self-directed
    brokerage and/or outside brokerage assets. 401(k) assets and other assets that are managed by
    our firm will be combined for the purpose of determining the fee levels. If the market values of
    the combined accounts put them at a fee level that is less than 1.00%, the applicable fee schedule
    and minimum annualized thresholds described above will apply.

    c. 529 Plans:

    Our firm’s management of 529 Plans are billed a fee based on the amount of assets held in the
    plan. The maximum fee for 529 Plans will not exceed 0.25%.

Annualized fees for our Asset Management service will be billed when the account is established, pro-
rated for the first partial quarter, if any. Thereafter, annualized fees will be billed on the first day of
each calendar quarter based on the asset value of the account(s) as of the last business day of the

prior quarter. Fees will generally be automatically deducted from your managed account. As part of
this process, you understand and acknowledge the following:

    a) Your independent custodian sends statements at least quarterly to you showing all
       disbursements for your account, including the amount of the advisory fees paid to us;
    b) You provide authorization permitting us, the Sub-Adviser, and/or the Platform Manager to
       be directly paid by these terms;
    c) We send our invoice directly to the independent custodian;
    d) If we send a copy of our invoice to you, our invoice includes a disclosure urging you to
       compare the information provided in our invoice with the invoice provided by the qualified
       custodian.

The minimum quarterly fee threshold for our Asset Management service is $25. If the client’s
quarterly fee does not equate to at least $25, the client’s account shall not be billed until such time as
the client’s quarterly fees exceed the minimum quarterly threshold. Additional deposits in the
account are subject to the same fee procedures. Exceptions may be made to the fee schedule under
certain circumstances pursuant to a negotiated agreement with the client. Adjustments will be made
for deposits and withdrawals during the quarter that exceed $5,000. In rare cases, our firm will agree
to directly invoice.

Advisor OS, LLC dba Taiko (“Taiko”):

Taiko is a web-based technology platform offered by Advisor OS that utilizes Orion Advisor
Technology (“Orion”) portfolio management software to provide clients with access to performance
reporting, a mobile client portal, trading execution, third-party managers, data reconciliation, tax
reporting, and other services. Clients will be required to execute a separate LPOA with Taiko in order
to use their services for accounts custodied at Schwab. The annualized platform fee for Taiko is 0.02%
per applicable account with a minimum annual fee of $50 per applicable account. An additional
annualized fee of 0.06% is assessed for modeled accounts selected from Taiko. Third party money
manager fees, including Taiko strategies, vary by strategy type and will be billed in conjunction with
Taiko’s fee. Fees are billed quarterly in arrears based on the average daily balance of account(s)
during the previous quarter.

Held-Away Assets (Pontera® Platform):

Our firm will manage certain client account(s) that are held at a custodian that is not directly
accessible by our firm using Pontera Solutions, Inc. (“Pontera”)’s order management system. The
advisory fee payable for any held-away accounts will be in accordance with our standard fee schedule
and deducted directly from another client account. If there are insufficient funds available in another
client account or our firm believes that deducting the advisory fee from another client account would
be prohibited by applicable law, we will invoice the client directly.

Third-Party Money Managers:

Fees charged for any selected third-party manager shall be in addition to our advisory fee. The
maximum annual fee charged to clients by third-party money managers will not exceed 0.67%. The
third-party money manager’s fee will be billed directly to clients by the third-party money manager.
Third-party money managers establish and maintain their own separate billing processes over which
our firm has no control*. The selected third-party money manager that we recommend will not
charge a client a higher fee than they would have charged without us introducing clients to them. The

total fee to be charged, as well as the billing cycle, will be detailed in the third-party money manager’s
ADV Part 2A and/or separate advisory agreement to be signed by the client.

* There is one exception to this arrangement, Zega Financial. Fees for Zega Financial are billed and
collected by MJP which are then subsequently paid to Zega Financial.

401(k) Plan Participant Discount:

If our firm is the advisor for a 401(k) plan with plan assets equal to $2 million or above, the plan
participant’s households are entitled to a flat fee of 1.00% for management of personal assets that
...

Item 7. Types Of Clients And Account Requirements

We work with the following types of clients:

    •   Individuals and High Net Worth Individuals;
    •   Trusts, Estates or Charitable Organizations;
    •   Pension and Profit Sharing Plans;
    •   Corporations, limited liability companies and/or other business types

The recommended minimum account size to initiate and maintain an account is $500,000, which may
be deposited in the form of cash, stocks, bonds, mutual funds or variable annuities. Variable Annuities
have a minimum of $25,000 per contract. Total family assets that meet the minimum totals may allow
for the individual account minimums to be lowered. Generally, this minimum account balance
requirement is not negotiable and would be required throughout the course of the client’s
relationship with our firm.