Nestlerode & LOY Inc

Item 5 – Fees and Compensation
The specific way fees are charged by Nestlerode & Loy, Inc. is established in a client’s written agreement
with Nestlerode & Loy, Inc. The advisor will generally bill its management fees on a quarterly basis
(three-month intervals, not necessarily at the end of calendar quarters) based on the market value of
each account on the third Friday of the appropriate month.

Individuals may have multiple accounts. Each account will be charged according to its individual
investment objective (IO). Fees may be discounted at the discretion of the Advisor.

An account will consist of equities and/or a combination of equities, fixed income and publicly traded
REITs to achieve the total return expectation and risk tolerance of the client by investing in multiple asset
classes (i.e. large, mid, small cap stocks, investment grade, high yield and foreign stocks) and various

                                      Form ADV Part II 11/30/2025

investment styles (including but not limited to aggressive growth, growth, growth & income, aggressive
income and asset allocation.)

Annual fee schedule (post 8/2011):

Under $500,000              1.5% of assets under management
$500,000 - $2,000,000       1.0% of assets over $500,000
$2,000,000 - $5,000,000     0.75% of assets over $2,000,000
Over $5,000,000             0.60% of assets over $5,000,000

Please Note: Cash Positions: At any specific point in time, depending upon perceived or anticipated
market conditions/events (there being no guarantee that such anticipated market conditions/events will
occur), Nestlerode & Loy, Inc. maintains cash positions for defensive purposes. All cash positions (money
markets, etc.) shall be included as part of assets under management for purposes of calculating the
advisory fee. Nestlerode & Loy, Inc.’s Chief Compliance Officer, Jody Sharer, remains available to address
any questions that a client or prospective may have regarding the above fee billing practice.
Nestlerode & Loy, Inc. has limited custody solely as a result of receiving fees directly deducted from
client’s funds or securities because Nestlerode & Loy, Inc. possesses written authorization from the client
to deduct advisory fees from an account held by a qualified custodian; sends the qualified custodian
written notice of the amount of the fee to be deducted from the client’s account and; sends the client a
written invoice itemizing the fee, including any formulae used to calculate the fee, the time period
covered by the fee and the amount of assets under management on which the fee is based.

Management fees shall not be prorated for each capital contribution and withdrawal made during the
applicable calendar quarter.

Nestlerode & Loy, Inc.’s fees are exclusive of transaction fees, and other related costs and expenses which
shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, and
other third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot
differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage
accounts and securities transactions. Mutual funds and exchange traded funds also charge internal
management fees, which are disclosed in a funds’ prospectus. Any 12b-1 paid to the firm in a managed
account is refunded to the client by RBC. First run fixed income offerings may also pay an additional
markup which is disclosed on the trade confirmation. No advisor is paid on markup or ticket charges.
Such charges, fees and commissions are exclusive of and in addition to Nestlerode & Loy, Inc.’s Advisory
fees.

RBC charges an annual fee of $65 per non-retirement account who opt for paper statements,
confirmations, etc., an annual fee of $50 per retirement account under $150,000 and a closing fee of $120
to close a retirement account. RBC also charges a postage charge on each non-mutual fund trade of $3.

                                      Form ADV Part II 11/30/2025

No fees are payable in advance. New clients may cancel the advisory account within five business days
without charge. Fees are negotiable in certain instances as determined by the advisor and agreed to in
writing by the advisory client. Clients may terminate their agreement with Nestlerode & Loy, Inc. with
written notice at any time. A pro-rated, closing management fee does apply if the account(s) have been
open longer than a five-business day period.

Item 12 further describes the factors that Nestlerode & Loy, Inc. considers in selecting or recommending
broker-dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).

Item 7 – Types of Clients
Nestlerode & Loy, Inc. provides portfolio management services to individuals, high net worth individuals,
corporate pension and profit-sharing plans, charitable institutions, foundations and endowments and
municipalities and trust programs.