Modera Wealth Management LLC

Item 5. Fees and Compensation
We offer our services on a fee-only basis which, depending upon the type of engagement, includes fees
based upon assets under management as well as hourly and/or fixed fees. Similar services may or may
not be available from other registered investment advisers for similar or lower fees.

With respect to clients who had an arrangement with an advisory firm that merged with or was acquired
by us, we can choose to maintain the client’s existing fee structure, which may fall outside the
percentage ranges of fees disclosed herein.

Wealth Management and Portfolio Management Fee s

In the event a client engages us to provide either wealth management or portfolio management
services, we will do so on a fee basis. We will charge an annual management fee based upon a
percentage of the market value of the assets we are managing. We may be authorized to use margin in
the management of a client’s portfolio. In such cases the annual management fee payable will be
assessed gross of margin such that the market value of the client’s account and corresponding fee
payable by the client to us will be increased. For legacy clients and clients with de minimis level of
margin, we, in our sole discretion, can decide to or continue to assess the annual management fee net
of margin.

Wealth Management Services Standard Fee Schedule

                  Portfolio Assets                                         Annual Fee
                  First $2,000,000                                           1.00%
                 Next $3,000,000                                             0.75%
                 Next $5,000,000                                             0.55%
                 Next $15,000,000                                            0.45%
                 Next $25,000,000                                            0.35%
             Assets above $50,000,000                                        0.25%

The table above contains our standard annual management fee schedule for wealth management
services. Our fee is calculated based on the market value of the client’s portfolio on the last business day
of each quarter and assessed quarterly in advance. The client’s portfolio is comprised of all accounts we
manage as agreed between Modera and the client and which are listed in the advisory agreement. The
aggregate value of the accounts in the portfolio is used to calculate the fee to achieve a blended fee
percentage rate based on the table above. For example, the blended fee percentage for a client with a
$5 million portfolio is 0.85%. Notwithstanding the percentages in the table above, we generally charge a
minimum quarterly fee of $3,000 for wealth management services. Modera may waive all or any portion
of the minimum quarterly fee at its sole discretion. Generally, our advisors are paid a base salary and
may receive an annual bonus based on certain individual and firm goals. Advisors are eligible to receive
additional bonus payments based on bringing new assets for existing clients and new clients to the firm.

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These additional payments create a conflict of interest where an advisor is motivated to obtain and
increase assets under management.

Portfolio Management Services Standard Fee Schedule

                  Portfolio Assets                                         Annual Fee
                  First $2,000,000                                           0.80%
                 Next $3,000,000                                             0.60%
                 Next $5,000,000                                             0.45%
                 Next $15,000,000                                            0.35%
                 Next $25,000,000                                            0.30%
             Assets above $50,000,000                                        0.20%

The table above contains our standard annual management fee schedule for portfolio management
services. Our fee is calculated based on the market value of the client’s portfolio on the last business day
of each quarter and assessed quarterly in advance. The client’s portfolio is comprised of all accounts we
manage as agreed between Modera and the client and which are listed in the advisory agreement. The
aggregate value of the accounts in the portfolio is used to calculate the fee to achieve a blended fee rate
based on the table above. For example, the blended fee percentage for a client with a $5 million
portfolio is 0.68%. Notwithstanding the percentages in the table above, we generally charge a minimum
quarterly fee of $2,500 for portfolio management services. Modera may waive all or any portion of the
minimum quarterly fee at its sole discretion. Generally, our advisors are paid a base salary and bonus
based on individual and firm goals. Advisors are eligible to receive additional bonus payments based on
bringing new assets for existing clients and new clients to the firm. These additional payments create a
conflict of interest where an advisor is motivated to obtain and increase assets under management.

Certain clients may pay an additional fee or a higher minimum quarterly fee than those stated above in
circumstances where the client has more complex planning needs as negotiated on a client-by-client
basis. Additionally, with respect to clients who had an arrangement with an advisory firm that has or will
merge with or was or will be acquired by us ("legacy clients"), we can choose to maintain the client’s
existing fee structure, which may be different than the fee schedules above. Legacy clients may also pay
more or less than the stated minimums. Over time these clients may be transitioned to Modera’s fee
structure. While we do not have any minimum account size, these minimum quarterly fees can cause
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Item 7. Types of Clients
We provide our services to individuals, high net worth individuals, pension and profit-sharing plans,
trusts, estates, charitable organizations (including foundations and endowments), corporations, and
business entities. We do not have a required minimum account size for any of these client types.