Monograph Wealth Advisors LLC

Item 5       Fees and Compensation

Investment Advisory Services

For investment advisory services, Monograph generally charges an annual fee of less than 1% of
a client’s assets under management. Monograph’s investment advisory fees are typically
assessed quarterly, in arrears, based upon the average daily value of assets in the client’s
account(s) during the preceding calendar quarter.

Monograph requires a minimum fee of $85,000 which, at Monograph’s sole discretion, may be
reduced or waived based upon certain criteria. The Firm may group certain related client
accounts for the purposes of achieving the minimum account size requirements and
determining the annualized fee. Should the client’s annual investment management fee fall
below $85,000 in any calendar year, Monograph may, in its sole discretion, discontinue providing
investment advisory services the following calendar year, or alternatively, transition to a fixed fee
arrangement for future services (see below for additional information on fixed fees).

Investment advisory fees will be automatically deducted from the client’s account by the
custodian as soon as practicable following the end of each applicable period. Should the client
open or terminate an account during a quarter, the Firm’s fee will be prorated based on the
number of days that the account was open during the quarter. In the event the Firm’s services
are terminated mid-quarter, any paid, unearned fees will be promptly refunded to the client,
while any unpaid fees will be promptly paid to the Firm. The number of days the account was
managed during the quarter until termination is used to determine the percentage of the
management fee earned (based on the total number of days in the quarter) and the balance due.

Occasionally, and upon approval by the Firm, annual fees for Investment Advisory Services may
be charged on a fixed fee basis instead of a percentage of the client’s assets under management
with the Firm. Such annual fixed fees typically range from $100,000 to $600,000, depending on
the specific arrangement reached with the client. Fixed fees are typically charged quarterly, in
advance. The application of an annual inflation adjustment, based on headline inflation (CPI), is
considered for flat fee arrangements.

In rare situations, the above-mentioned minimum fee or flat fee may result in an annual fee that
is greater than 1% depending on the client’s assets under management.

Monograph Wealth Advisors, LLC                                                                Page | 9

Limited negotiability of advisory fees: Although Monograph has established the aforementioned
fee structure, the Firm retains the discretion to negotiate alternative fees on a client-by-client
basis. In determining whether to negotiate an alternative fee schedule, the Firm considers
relevant client facts, circumstances, and needs. These factors may include, as applicable, the
complexity of the client, the amount of assets placed under management, anticipated future
contributions, related accounts, non-managed but monitored assets, portfolio style, account
composition, and reporting requirements. The specific annual fee schedule is identified in the
agreement between the adviser and each client.

Discounts, not generally available to all advisory clients, may be offered to certain family
members and friends of associated persons of the Firm. Additionally, certain existing clients may
have engaged Monograph under legacy fee schedules or with discounts that are no longer
available to clients generally. As a result, advisory fees charged to similarly situated clients may
differ. Such legacy arrangements are honored in accordance with existing advisory agreements
and do not reflect differences in the scope of services provided.

Wealth Planning Fees

As mentioned in Item 4 above, Monograph typically includes wealth planning as a
complimentary service for those clients receiving Investment Advisory Services.

For clients receiving separate, ongoing Wealth Planning Services, Monograph typically charges
a fixed fee which normally varies between $100,000 - $600,000 based upon the scope and
complexity of the project, and such fee is assessed in accordance with the following:

One-time plan: If the client is receiving a “one-time” wealth plan, an invoice for services is issued
upon completion of the written analysis, which is payable within fifteen (15) days of receipt.
Ongoing planning: If the client is receiving “ongoing” Wealth Planning Services, the client will be
sent an invoice at the end of each quarter for services performed during the previous quarter.
Such fee will be payable within fifteen (15) days of receipt of the invoice.

In limited circumstances, Monograph may charge an hourly rate for “one-time” Wealth Planning
Services. Monograph’s hourly rate typically starts at $500 per hour, however, Monograph also
retains the discretion to negotiate alternative rates on a client-by-client basis. Client-specific facts
and circumstances such as client complexity, needs, and scope of project are considered in
determining the fee rate.

Pension Consulting Fees

For Pension Consulting Services, Monograph generally charges an annual fee of less than 1% of a
client’s assets under management. Monograph’s pension consulting fees are assessed quarterly,
in arrears, based upon the average daily value of assets in the client’s account(s) during the
preceding calendar quarter. Each client’s applicable fees are negotiable and set forth in the
applicable investment advisory agreement pursuant to which Monograph manages the plan’s
account.

Monograph requires a minimum fee of $85,000 for its Pension Consulting Services which, at
Monograph’s sole discretion, may be reduced or waived based upon certain criteria. Should the
client’s annual investment management fee fall below $85,000 in any calendar year, Monograph
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Item 7       Types of Clients

Monograph provides advisory services to the following categories of clients:
  • High net worth individuals
  • Individuals (other than high-net-worth individuals)
  • Charitable organizations
  • Institutions and other corporations

As previously disclosed in Item 5, Monograph has established certain minimum account
requirements applicable to certain services, based on the nature of the service(s) provided.
However, the Firm reserves the right to accept or decline a prospective client at its discretion,
subject to applicable laws and regulations. Prior to engaging the Firm to provide any of the
services described in this brochure, clients are required to enter into one or more written
agreements with the Firm, which set forth the applicable terms and conditions under which the
Firm shall render its services. For additional information regarding applicable minimums and
service-specific requirements, please review the disclosures provided under each applicable
service offering.