Morin Private Client Group LLC

Item 5: Fees & Compensation

We are required to describe our brokerage, custody, fees and fund expenses so you will know how
much you are charged and by whom for our advisory services provided to you.

Compensation for Our Advisory Services

Asset Management:

               Assets Under Management         Annual Percentage of Assets Charge
                    Up to $1,000,000                          2.5%
                $1,000,000 to $3,000,000                      1.5%
                    Over $3,000,000                           1.0%

Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the value of
your account(s) on the last day of the previous quarter. Our firm bills on cash unless indicated
otherwise in writing. Our fees are generally negotiable. Fees will be automatically deducted from
your managed account. As part of this process, you understand and acknowledge the following:

   • The client’s independent custodian sends statements at least quarterly showing the market
     values for each security included in the Assets and all account disbursements, including the
     amount of the advisory fees paid to our firm;

   • Clients will provide authorization permitting our firm to be directly paid by these terms. Our
     firm will send an invoice directly to the custodian; and

   • If our firm sends a copy of our invoice to the client, legend urging the comparison of information
     provided in our statement with those from the qualified custodian will be included.

Financial Planning & Consulting:
We charge on an hourly or flat fee basis for financial planning and consulting services. The total
estimated fee, as well as the ultimate fee that we charge you, is based on the scope and complexity of
our engagement with you. Our hourly rate is $250. Flat fees are generally $3,000. However, flat fees
for financial planning and consulting services are negotiable. We require a retainer of 50% of the
ultimate financial planning or consulting fee with the remainder of the fee directly billed to you and

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due to us within thirty (30) days of your financial plan being delivered or consultation rendered to
you. In all cases, we will not require a retainer exceeding $1,200 when services cannot be rendered
within 6 (six) months.

Retirement Plan Consulting:
Our Retirement Plan Consulting services are billed on an hourly or flat fee basis or a fee based on the
percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee
charged, is based on the scope and complexity of our engagement with the client. The maximum
hourly fee to be charged will not exceed $500. Our flat fees range from $500 to $10,000. Fees based
on a percentage of managed Plan assets will not exceed 1.50%. The fee-paying arrangements will be
determined on a case-by-case basis and will be detailed in the signed consulting agreement. Clients
will be invoiced directly for this service.

Other Types of Fees & Expenses

Our clients will incur transaction charges for trades executed by their chosen custodian. These
transaction fees are separate from our fees and will be disclosed by the chosen custodian.

Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for U.S. listed equities and
exchange traded funds for clients who opt into electronic delivery of statements or maintain at least
$1 million in assets at Fidelity. Clients who do not meet either criteria will be subject to transaction
fees charged by Fidelity for U.S. listed equities and exchange traded funds.

Clients may also pay holdings charges imposed by the custodian for certain investments, charges
imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in
the fund’s prospectus (e.g., fund management fees, distribution fees, surrender charges, variable
annuity fees, IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads paid to
market makers, fees for trades executed away from custodian, wire transfer fees and other fees and
taxes on brokerage accounts and securities transactions). Our firm does not receive a portion of these
fees.

Termination & Refunds

Either party may terminate the advisory agreements signed with our firm for Asset Management
services in writing at any time. Upon notice of termination, our firm will process a pro-rata refund of
the unearned portion of the advisory fees charged in advance.

Financial Planning & Consulting clients may terminate their agreement at any time before the
delivery of a financial plan by providing written notice. For purposes of calculating refunds, all work
performed by us up to the point of termination shall be calculated at the hourly fee currently in effect.
Clients will receive a pro-rata refund of unearned fees based on the time and effort expended by our
firm.

Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
written notice to the other party. Full refunds will only be made in cases where cancellation occurs
within 5 business days of signing an agreement. After 5 business days from initial signing, either

ADV Part 2A – Firm Brochure                      Page 8                         Morin Private Client Group, LLC

party must provide the other party 30 days written notice to terminate billing. Billing will terminate
30 days after receipt of termination notice. Clients will be charged on a pro-rata basis, which
considers work completed by our firm on behalf of the client. Clients will incur charges for bona fide
advisory services rendered up to the point of termination (determined as 30 days from receipt of
said written notice) and such fees will be due and payable.

Commissionable Securities Sales

Mr. Morin is a registered representative of Purshe Kaplan Sterling Investments, Inc. (“PKS”), member
...

Item 7: Types of Clients & Account Requirements

We offer investment advisory services to the following types of clients:

    •    Individuals;
    •    High Net Worth Individuals;
    •    Trusts, Estates or Charitable Organizations; &
    •    Pension and Profit-Sharing Plans.

Our firm does not impose any requirements for opening and maintaining accounts or otherwise
engaging us.