Northcape Wealth Management LLC

Item 5 – Fees and Compensation

How We Are Compensated for Our Advisory Services

NorthCape Wealth Management offers our advisory services on a fee-only basis. Our fees vary among
the different types of advisory services we offer and may be negotiated at our sole discretion. The
specific fees and manner in which fees are charged and calculated are described in your investment
advisory agreement. You should carefully review the investment advisory agreement prior to signing it.

Fees for our advisory services may be higher than fees charged by other advisers who offer similar
services. You may be charged different fees than similarly situated clients for the same services. You
should carefully review this brochure to understand the fees and other sources of compensation that
exist among our services prior to entering into an investment advisory contract with our firm.

Investment and Wealth Management Services

NorthCape Wealth Management offers investment and wealth management services for a maximum
annual fee of 1.5% based on the amount of assets under the firm’s management. Advisory fees are
negotiated based on the complexity of the engagement and the total household assets under
management prior to the start of the engagement. Certain ERISA rules prevent householding corporate
plans with personal assets for fee reductions. While in most situations the advisory fee will be a flat
percentage across all accounts of a client (based on the aggregate value of all household accounts), in

some cases we may agree to a reduced advisory fee percentage for one or more particular accounts. You
should refer to your advisory agreement for your specific fee rate(s).

Fees are generally billed in advance each calendar quarter based on the market value of the assets
under management/advisement on the last day of the previous calendar quarter. NorthCape Wealth
Management, in our sole discretion, may waive the minimum annual fee based upon certain criteria,
including, but not limited to, anticipated future earning capacity and/or additional assets, dollar amount
of assets to be managed, related accounts, account composition, pre-existing client relationships,
account retention, and pro bono activities. For investment and wealth management services NorthCape
Wealth Management provides to certain clients or for specific client holdings (e.g., held-away assets,
529 plans, etc.), we may negotiate a fee rate that differs from our standard investment management
fees.

Programs Offered Through Wells Fargo Advisors

Fees for advisory programs offered through Wells Fargo Advisors are inclusive of NorthCape Wealth
Management’s and Wells Fargo Advisors’ advisory fees and are as follows:

            Program                          Program Type              Maximum Annual Advisory Fee
  Personalized Unified Managed         Unified Managed Account                  1.50%
            Account
         FundSource®                     Mutual Fund Advisory                       1.25%
                                                Program
      Private Adviser Network         Separately Managed Account                    1.50%

Advisory fees for the third-party manager utilized through the Private Advisor Network Program are not
included in the above program fee. You pay for the services of the third-party manager separately. You
should refer to your advisory agreement for your specific fee rate(s).

Wells Fargo Advisors will calculate and directly debit advisory fees from the clients’ accounts for assets
within their programs. The value of assets held in any Wells Fargo Advisor program are excluded from the
amount of total household assets used to determine NorthCape Wealth Management’s advisory fees for
other assets of a client that are managed by NorthCape Wealth Management.

Selection of Independent Managers

Fees for Independent Managers are set forth by the Independent Manager and are in addition to
NorthCape Wealth Management’ fees. You should refer to the Independent Manager’s investment
management agreement and Form ADV Part 2A Brochure for information on their fees and
compensation.

Financial Planning and Consulting Services

Fees for financial planning and/or consulting services are billed on an hourly or fixed rate in advance.
Hourly fees generally range up to $400 per hour. There is no minimum fee required for financial planning
or consulting services. Fees are due and payable as incurred.

Factors we consider when determining our financial planning and consulting fees include, but are not
limited to:

   •   The amount of time we expect to spend completing the financial planning or consulting services
       and providing related advice;

   •   The complexity of your goals, issues and/or needs;

   •   The extensiveness and complexity of the data needed regarding your personal financial
       information;

   •   Your net worth or the value of your investment accounts and/or other assets that are the subject
       of the financial planning or consulting services; and/or

   •   Special circumstances related to life changes, marital status, health or special income needs, or
       growth or decline of a personal business.

NorthCape Wealth Management may request a retainer to initiate financial planning and consulting
services; however, we will not request the prepayment of fees more than $1,200 in advisory fees more
than six months in advance.

You may engage NorthCape Wealth Management for additional investment management services to
assist with implementing one or more financial planning recommendations. You will incur additional
fees if you retain our firm for such services. You have complete freedom in selecting an investment
adviser to assist you in implementing any recommendations by NorthCape Wealth Management and are
under no obligation to act upon the advice we provide.

For consulting services, the investment advisory agreement between NorthCape Wealth Management
...

Item 7 – Types of Clients

NorthCape Wealth Management provides portfolio management services to individuals, high net worth
individuals and families, pension and profit-sharing plans, trusts, estates, charitable institutions,
foundations, corporations, and other business entities.

NorthCape Wealth Management generally requires a minimum initial investment of $500,000 for
investment management services. The firm, in its sole discretion, may accept clients with smaller
portfolios based upon each client’s particular circumstances.

Certain Independent Managers may impose more restrictive account requirements and varying billing
practices than NorthCape Wealth Management. In such instances, NorthCape Wealth Management
may alter its corresponding account requirements and/or billing practices to accommodate those of the
Independent Managers.