NorthStar Financial Advisors LLC

Item 5 – Fees and Compensation

This section provides details regarding Northstar Financial Advisors LLC’s fees and compensation
arrangements.

Asset Management Services

Clients are charged for our asset management services based on a percentage of assets under
management. The following is a typical fee schedule provided for illustrative purposes.

Client Assets                      Annual Fee
Under $1,000,000                     1.5%
Over $1,000,000                      1.0%

The actual fee charged to each client is negotiable based on factors such as your financial situation and
circumstances, the amount of assets under management, whether we will be granted discretionary
trading authorization over your account, and the mix of investments held in the client’s account. For
example, investment holdings of mostly bonds will have a lower fee than accounts comprised solely of
equities. The exact services and fees will be listed in the agreement for services you will sign prior to
services being provided.

It should be noted that you may be able to receive the same or similar services form other financial
professionals for a lower or higher fee.

Annual fees for our services are divided and billed quarterly in arrears based on the value of the account
at the end of the quarter. Fees will be prorated based on the number of days that service is provided
when the account is established or terminated at any time other than the beginning of a calendar quarter.

Fees are generally deducted directly from the client’s account. When you established an account with the
custodian you will be required to provide the custodian with written authorization to have fees deducted
directly from your account and paid to us. The custodian will send you account statements, at least
quarterly, showing all disbursements for the account including the amount of the advisory fee when

Northstar Financial Advisors LLC                                                           Disclosure Brochure

deducted directly from the account. Under select situations and upon approval from Northstar Financial
Advisors LLC, clients may pay fees directly via check. For clients that pay directly, payment is due upon
receipt of the billing statement from us.

Transaction ticket fees and other expenses charged by the custodian will be billed directly to the client.
We will not receive any portion of such fees from the custodian or client. In addition, you may incur
certain charges imposed by third parties other than us in connection with investments made through the
account, including but not limited to, mutual fund sales loads, variable annuity fees and surrender
charges, and IRA and qualified retirement plan fees. Management fees charged by us 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.

Financial Planning Services

Northstar Financial Advisors LLC charges a fixed fee for financial planning services. Fees are negotiable
and will be determined based on the complexity of your financial situation and the number and type of
issues covered. Fees generally do not exceed $1,000 and will be due upon completion and presentation
of the financial plan or completion of the consultation services. We may charge an initial retainer equal to
50% of the estimated total fee. The initial retainer is due at the time the agreement is executed with the
remainder of the fee due and payable upon completion and presentation of the financial plan or
completion of the consultation services.

The exact amount of the financial planning fee and if 50% of the fee will be required to be paid at the start
if the engagement will be determined by us in advance and will be disclosed in the Financial Planning
Agreement.

You may be able to receive the same or similar services from other financial professionals for a lower or
higher fee.

If you elect to implement financial planning advice through us, implementation services will be provided
through our other advisory programs listed in this document. In these situations, Northstar Financial
Advisors LLC may receive fees in addition to the financial planning fees charged.

Item 7 – Types of Clients

Northstar Financial Advisors, LLC generally provides investment advice to the following types of clients:

    •    Individuals,
    •    Pension and profit sharing plans
    •    Trusts, estates or charitable organizations

Northstar Financial Advisors LLC                                                            Disclosure Brochure

    •    Corporations or business entities other than those listed above

Minimum Investment Amounts Required

There are no minimum investment amounts or conditions required for establishing an account managed
by Northstar Financial Advisors LLC. However, all clients are required to execute an agreement for
services prior to commencing any work.