NorthStar Asset Management Inc

Item 5 Fees and Compensation
NorthStar clients are charged a NorthStar annual management fee of a maximum of 1% of assets
under management.
Our fee schedule is as follows:

Assets Under Management                              Annual Fee
Up to $1,000,000                                     1.00%
$1,000,001 through $5,000,000                        0.90%
$5,000,000 through $25,000,000                       0.75%
Above $25,000,000                                    negotiable

Charitable institutions pay a maximum fee of .75% for all assets under management.

Clients participating in the Orion Custom Indexing Program will pay an additional sub-advisory fee to OPS
as disclosed in the OPS disclosure documents. This fee is separate from, and in addition to NorthStar’s
annual management fee.

Household accounts will be bundled in accordance with the investment advisory agreement and the
fee schedule reflected above.

Fees are based on the net asset value of accounts, assessed on the end of the last business day of
each calendar quarter in arrears and are calculated based on the value of the client's investment
account managed or advised by NorthStar. When a new account is opened, fees are pro-rated for the
portion of the quarter that the assets were managed.

Our advisory fees are debited directly from the client accounts held with the custodian, per the
NorthStar client agreement, unless otherwise instructed. Outside Investments held in Investment
Management accounts may not appear on the monthly custodial statements but are included in the fee
calculation. NorthStar receives valuations for many private market investments from the issuer and
records them at each month end.  In situations where a quarterly valuation is not available or
provided, the valuation is based on the most recent valuation available, which is carried forward each
month until a new valuation is provided by the issuer. NorthStar clients receive custody, trading,
monthly statements, and transaction reports directly from their custodian. It is possible that some
clients may pay more or less than other clients for the same service. Clients are encouraged to review
their custodial statements and promptly report any discrepancies.

NorthStar may, at its discretion, reduce or waive minimum investment requirements, fees or trading
costs. We reserve the right to require account minimums, impose higher minimums for portfolios,
terminate accounts that fall below the minimum established requirements, or require that additional
funds or securities be deposited to bring an account value up to the required minimum. We may waive
account advisory fees or account minimums for employee, employee related, and affiliate employee
accounts.

Sub-Advisory Services for Registered Investment Advisers
When we provide sub-advisory fees to third-party advisers, the sub-advisory fee charged will be
specified in the Sub-Adviser Agreement signed by the Primary Investment Adviser. If we use our
discretion to engage a sub-adviser to manage all or a portion of a client’s assets, the client will be
subject to the sub-adviser’s fees as disclosed in the sub-adviser’s disclosure brochure. This fee is
separate from, and in addition to NorthStar’s annual management fee described above.

Outsourced Chief Investment Officer Fees
Fees and payment arrangements are negotiable and will vary on a case-by-case basis. The specific fee
charged will be specified in the OCIO Agreement signed by the client.

Fees Charged by Financial Institutions
In addition to advisory fees, clients may incur other fees and expenses such as trading fees, custody
fees, wire transfer fees, trade away fees or electronic fund transfer charges, charges imposed directly by
an ETF, safekeeping fees, transfer taxes, or other miscellaneous fees, in connection with specific
services provided by the custodian(s), third party manager(s) or other service providers.

Wrap Fee Programs
The fees described in the Brochure do not include information for investment management provided
through the Morgan Stanley Program. The terms of each client’s account in a Wrap Program are
governed by the client’s agreement with the Program sponsor and disclosure document for the Wrap
Program (Form ADV 2A Appendix 1 Wrap Fee Brochure). Wrap Program clients are urged to refer to
the sponsor’s disclosure document and client agreement for more information about the Wrap
Program. The fees for a Wrap program may result in higher costs than a client would otherwise
realize by paying standard fees and negotiation separate arrangements for trade execution, custodial
and consulting services. Wrap Programs typically pay a fee to the Program Sponsor based on assets
managed through the program.

Item 7 Types of Clients
NorthStar manages assets for individuals, families, trusts, and not-for-profit organizations who are
interested in socially responsible investing. Many of our individual clients have inherited wealth, and
consequently they have tax planning and estate planning needs. We prefer to accept Investment
Management clients with portfolios greater than $5,000,000, although at our discretion, we may also
accept clients whose portfolios are less than $5,000,000.

We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum.

We also offer sub-advisory services to other unaffiliated investment advisers.