Murray Investment Management LLC

Item 5: Fees and Compensation
A. Fee Schedule

Investment Supervisory Services Fees
Total Assets Under            Annual Fee
Management
$1 - $500,000                 1.00%
$500,001 - $1,000,000         0.90%
$1,000,001 - $2,000,000       0.80%
$2,000,001 - $5,000,000       0.70%
Above $5,000,000              0.60%

These fees are negotiable, and the final fee schedule will be attached as Exhibit II in the client’s
Investment Advisory Agreement. Fees are paid quarterly in arrears, and clients may terminate
their accounts with thirty days’ written notice. Because fees are charged in arrears, no refund
policy is necessary. Fees for assets that are deposited during a quarterly billing cycle will be
prorated, and no fees will be charged on assets that are disbursed from accounts prior to
quarter-end. Clients may terminate their accounts without penalty, for full refund, within
5 business days of signing the advisory contract.

Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. In cases where MIM fees are directly deducted, MIM is required to a.) Obtain
client authorization, b.) Send a copy of the invoice to the client at the same time that the IA
directs invoice to the custodian for payment, c.) Disclose that the custodian will send quarterly
invoices to the client wherein MIM fees are itemized.

Financial Planning Fees

Fixed Fees
Depending upon the complexity of the situation and the needs of the client, the rate for creating
client financial plans is between $1,500 and $3,000. Fees are paid in arrears upon completion.
Because fees are charged in arrears, no refund is necessary. The fees are negotiable, and the final
fee schedule will be attached as Exhibit II of the Financial Planning Agreement. Clients may
terminate their agreements without penalty within five business days of signing the financial
planning agreement. Clients for whom AUM-based investment supervisory services are
performed may be exempt from financial planning fees.

Hourly Fees
Depending upon the complexity of the situation and the needs of the client, the hourly fee for
these services is between $150 and $200. The fees are negotiable, and the final fee schedule will
be attached as Exhibit II of the Financial Planning Agreement. Fees are paid in arrears upon
completion. Because fees are charged in arrears, no refund is necessary. Clients may terminate
their agreements without penalty within five business days of signing the financial planning
agreement.

B. Payment of Fees

Payment of Investment Supervisory Fees
Advisory fees are withdrawn directly from the client’s accounts with client written
authorization. Fees are paid quarterly in arrears.

Payment of Financial Planning Fees
Hourly Financial Planning fees are paid via check in arrears upon completion. Because fees are
charged in arrears, no refund is necessary.

Fixed Financial Planning fees are paid via check in arrears upon completion. Because fees are
charged in arrears, no refund is necessary.

C. Clients Are Responsible For Third-Party Fees
Clients are responsible for the payment of all third-party fees (i.e., custodian fees, mutual fund
fees, transaction fees, etc.). Those fees are separate and distinct from the fees and expenses
charged by MIM. Please see Item 12 of this brochure regarding broker/custodian.

Item 7: Types of Clients
MIM generally provides investment advice and/or management supervisory services to the
following types of clients:

   •   Individuals
   •   High Net Worth Individuals
   •   Corporations and Business Entities

MIM does not have a minimum account size.