MMBG Investment Advisors Co

ITEM 5. FEES AND COMPENSATION

Management Fees

MMBG offers advisory services for fixed asset-based fees that are set in and governed by the
Agreements (as defined below), and which are anticipated to range between 0% and 2%, annually,
of the client’s assets managed by the Firm (although the Firm can charge higher or lower fees, as
well as fees based on performance as described in Item 7 depending on negotiations with its
clients). The Firm may also provide certain specified services, such as the financial planning
services, for a fixed, non- asset-based fee, which typically ranges from $1,000 to $20,000
depending on a variety of factors. All fees will be governed by the Agreements. The fees that our
clients will pay us are provided for in the investment management agreements (“Agreements”) that
the clients execute with us. The asset-based fees typically are paid monthly in arrears, while the
fixed, non-asset-based fees are paid as one-time fees typically due at the time of such services.
Performance-based fees, if any, are calculated annually and paid in arrears. The client shall instruct
the custodian of its accounts to debit the accounts to pay the advisory fees each month. Clients
may negotiate the fees they agree to pay.

Other Fees and Expenses

We can also receive other fees for additional services provided, such as certain bookkeeping services
beyond the ordinary course services performed by an investment adviser (“Other Fees”).

Additional fees and expenses for which a client is responsible are described in the Agreements. In
addition to the fees charged by MMBG, clients are responsible for their own custodial fees and will
incur brokerage and other transaction costs (please refer to the Item 12 Brokerage Practices for
more information). To the extent that clients’ accounts are invested in mutual funds or exchange-
traded funds, those funds pay a separate layer of management fees, trading, administrative, and other
expenses which are described in each respective fund’s offering documents (i.e., prospectus). To
the extent that clients are invested in pooled investment vehicles, they may be subject to additional
expenses incurred by such products. Further information related to this item will be disclosed to
clients in their subscription agreement, if applicable.

Neither we nor any of our “supervised persons” accepts compensation for the sale of securities or
other investment products.

ITEM 7. TYPES OF CLIENTS

MMBG has a minimum account size of $500,000 USD, although we reserve the right to wave this
requirement in our sole discretion. MMBG will provide financial planning services and portfolio
management for individuals, small and large businesses, and institutional clients.