Montag A & Associates Inc

Item 5 - Fees and Compensation

General Fee Information
Fees paid to us are exclusive of all custodial and transaction costs paid to your custodian, brokers, or other
third party consultants. Please see Item 12 - Brokerage Practices for additional information. Fees paid to us
are also separate and distinct from the fees and expenses charged by mutual funds, ETFs (exchange traded
funds), or other investment pools to their shareholders (generally including a management fee and fund
expenses, as described in each fund’s prospectus or offering materials). You should review all fees charged by
funds, brokers, MONTAG, and others to fully understand the total amount of fees paid by you for investment
and financial-related services.

Portfolio Management Fees
The annual fee schedule, based on a percentage of assets under management, is as follows:

                                 First $5,000,000                 0.90%
                                 Balance above $5,000,000         0.50%

The minimum portfolio value is generally set at $3,000,000. The minimum annual fee for any account is $27,000.
We may, at our discretion, make exceptions to the foregoing or negotiate special fee arrangements where we
deem it appropriate under the circumstances.

Portfolio management fees are generally payable quarterly, in advance based on the value as of the last day of
the prior quarter. If management of an account, including a new account added to an existing household
portfolio, begins after the start of a quarter, fees will be prorated accordingly. With your authorization and
unless other arrangements are made, fees are normally debited directly from your account(s). Fees are rounded
to the nearest whole dollar amount.

MONTAG does not recommend the use of margin in investment accounts. However, clients may choose to
carry margin liabilities for their own purposes. In such cases, fees on accounts with margin balances will be
assessed based on the net value of the securities held in the account, and thus reflect a reduction in value
based on the margin balance(s). Despite this adjustment, the use of margin can create a conflict of MONTAG’s
interests with yours. We discourage this practice, but will accommodate such arrangements at your request.

If requested, MONTAG will manage a “cash management” portfolio for a separate, negotiated fee. Balances in
such accounts are managed separately, and are not included in the household value for purposes of fee
breakpoint calculations.

Either MONTAG or you may terminate your Investment Advisory Agreement at any time, subject to any written
notice requirements in the agreement. In the event of termination, any paid but unearned fees will be promptly
refunded to you based on the number of days that the account was managed, and any fees due to us from
you will be invoiced or deducted from your account prior to termination.

Financial Planning Services
MONTAG offers financial planning services to existing clients for no additional charge; this service is bundled
with clients’ existing portfolio management services. MONTAG may also offer financial planning services to
those who are not existing clients, in which case the scope and fees will be negotiated at the time of
engagement.

Sub-Adviser Services
The fees for each Sub-Adviser arrangement are negotiated separately between MONTAG and the Umbrella
Adviser. Fees paid to MONTAG are separate from fees charged by the Umbrella Adviser. MONTAG deducts its
fee directly from the client account quarterly, in advance, based on the value as of the last day of the prior
quarter. If accounts begin or terminate management on a day other than the first day of a quarter, fees will be
prorated accordingly.

General Consulting Fees
When we provide general consulting services to you, these services are generally separate from our financial
planning and portfolio management services. Fees for general consulting are negotiated at the time of the
engagement for such services, and are normally arranged on an hourly or fixed fee basis.

Trustee Services
In very limited circumstances, we or one of our associated persons may serve in the capacity of Trustee or
Executor. In such cases, we or the associated person may be compensated separately for these specific and
unique services.

Item 7 - Types of Clients

We serve individuals, families, trusts, estates, charitable organizations, foundations and other endowed
institutions, and other investment advisers. With some exceptions, the minimum aggregated portfolio value
eligible for conventional investment advisory services is $3,000,000, and the annual minimum fee charged is
$27,000. Under certain circumstances and in its sole discretion, MONTAG may negotiate or eliminate such
minimums.