Nelson Enterprises LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides additional
details regarding the firm’s services along with descriptions of each service’s fees and compensation
arrangements. It should be noted that lower fees for comparable service may be available from other
sources. The exact fees and other terms will be outlined in the agreement between each client and
Nelson Capital Advisors.

Asset Management Services

Fees are negotiated annually and are based on total assets as reported in the client’s most recent
quarter-end statement of condition. Fees are billed monthly in arrears and will be billed to the client via
invoice. Accounts initiated or terminated during a billing period will be charged a prorated fee. The
schedule below indicates the maximum annual amount that may be charged.

Nelson Enterprises LLC                              Page 6                        Form ADV Part 2A Firm Brochure

                                Bank Asset Size
                                                         Maximum Annual Fee
                                   (in millions)
                                      < $500                     $40,000
                                  $500 - $1,000                  $55,000
                                 $1,000 - $1,500                 $70,000
                                 $1,500 - $2,000                 $85,000
                                $2,000 or greater               Negotiable

Nelson Capital Advisors retains the discretion to negotiate alternative fees on a client-by-client basis.
Client circumstances and needs, such as the complexity of the investment portfolio, assets to be placed
under management, anticipated future additional assets, and account composition are considered in
determining the fee schedule. The specific fee schedule is identified in the agreement between the firm
and each client.

The firm may also bill reasonable travel expenses for the previous quarter. A client agreement may be
canceled at any time, by either party, for any reason upon receipt of 90 days written notice. Upon
termination of any account, any prepaid, unearned fees will be promptly refunded.

If asset management services are commenced in the middle of the billing period, then the prorated fee for
that billing period is based on the value of the Account when services commence and is due immediately
and invoiced to the client when services commence. Fee refunds will be determined on a pro rata basis
using the number of days services are actually provided during the final period.

Fees charged for asset management services are negotiable based on the type of client, the complexity
of the client's situation, the composition of the client's account, the potential for additional account
deposits, the relationship of the client with the investment adviser representative and the total amount of
assets under management for the client.

Nelson Capital Advisors believes that its annual fee is reasonable in relation to: (1) services provided and
(2) the fees charged by other investment advisers offering similar services/programs. However, the firm’s
annual investment advisory fee may be higher than that charged by other investment advisers offering
similar services/programs. In addition to the firm’s compensation, the client may also incur charges
imposed at the mutual fund level (e.g., advisory fees and other fund expenses).

Fees are due upon receipt of a billing notice sent directly to the client. Fees for the services of the firm
will be due immediately after client receipt of the billing notice.

Brokerage expenses and/or transaction fees charged by the qualified custodian are billed directly to the
client by the qualified custodian. Nelson Capital Advisors does not receive any portion of such
commissions or fees from the client or the qualified custodian. In addition, the client may incur certain
charges imposed by third parties other than Nelson Capital Advisors in connection with investments made
through the account including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender
charges, and charges imposed by the qualified custodian(s) of the client’s account. Management fees
charged by Nelson Capital Advisors are separate and distinct from the fees and expenses charged by
investment company securities that may be recommended to clients. A description of these fees and
expenses are available in each investment company security’s prospectus.

Nelson Enterprises LLC                              Page 7                         Form ADV Part 2A Firm Brochure

Consulting Services

Nelson Capital Advisors will charge a flat fee for project-based investment consulting services, with half of
the fee billed in advance of the project’s commencement and half of the fee billed upon its completion.
Project-based fees will depend on the scope and complexity of the project(s), with a minimum fee of
$2,500. For other consulting services, the firm will charge either an hourly consulting fee or a retainer
fee. Hourly consulting fees will range from $300 to $600 per hour depending on the complexity of the
client situation and will be billed in arrears on a monthly basis. Retainer fees will depend on the
complexity of the client situation, with a minimum of $10,000, and will be billed in advance on a monthly
or quarterly basis. The actual fee charge for consulting services will be specified in the client agreement.

All investment consulting contracts can be terminated with a 90-day notice, and any part of the fee that is
not earned by the firm is not billed or is refunded to the client. Nelson Capital Advisors retains the
discretion to negotiate consulting fees on a client-by-client basis. Client circumstances and needs, such
as the complexity of the investment portfolio and account composition are considered in determining the
...

Item 7 – Types of Clients

Nelson Capital Advisors generally provides investment advice to the following types of clients:

    •    Banks or thrift institutions
    •    Credit Unions
    •    Other financial institutions
    •    Institutional Clients

Nelson Enterprises LLC                             Page 8                        Form ADV Part 2A Firm Brochure

Clients are required to execute a written agreement with Nelson Capital Advisors specifying the particular
advisory services in order to establish a client arrangement with the firm.

Minimum Investment Amounts Required

There are no minimum investment amounts or conditions required for establishing an account managed
by Nelson Capital Advisors. However, all clients are required to execute an agreement for services in
order to establish a client arrangement with Nelson Capital Advisors.