O'Connor Capital Advisory LLC

Item 5. Fees and Compensation
Portfolio Management Services Fees
O’Connor Capital is compensated in accordance with the following fee schedule. One twelfth of the
annual fee is charged each month in arrears based on the market value of the client’s account at the end
of the previous month as reported by the independent qualified custodian of the client’s account. The
initial fee billed to the client is pro-rated based on the actual time under management.

Fee Schedule
Investment Management Services          Annual Fees (Billed monthly in arrears)
First  $3,000,000                                         1.00%
Next   $2,000,000                                         0.75%
Above $5,000,000                                          0.50%

Clients account will be directly debited, as authorized by the client in writing, for investment management
fees due.

Clients or O’Connor Capital may terminate an individually managed account at any time upon 30 days
written notice to other party. The pro-rata portion of the monthly fee through the date of termination will be
charged to the client. The client has the right to terminate an agreement without penalty within five
business days after entering into the agreement.

In certain circumstances, all fees may be negotiable. In addition, certain affiliated persons of O’Connor
Capital and family members and personal acquaintances of O’Connor Capital’s affiliated persons may
receive advisory services at a discounted rate which is not available to advisory clients generally.

Each billing cycle, O’Connor Capital will provide clients with a billing statement indicating the amount of
the advisory fee, the value of the client’s assets upon which the fee was based, the time period covered
by the fee(s) and the manner in which the fee was calculated. Clients will also be provided statements
from their selected custodian that reflect all account activity, including management fee billing, and clients
are encouraged to verify the accuracy of the fees and charges by the custodian and/or O’Connor Capital.
The custodian does not verify the accuracy of O’Connor Capital’s fee calculations.

Financial Planning Consultation Services Fees
Any Financial Planning Consultation Services provided to clients are included as part of the clients’
existing Portfolio Management Services Fee. No additional fees are charged by O’Connor Capital for
Financial Planning Consultation Services.

Additional Fees and Expenses
Mutual Fund and Other Internal Investment Charges
When recommending mutual funds in the Portfolio Management Service, O’Connor Capital generally
recommends only no-load or load-waived mutual funds. However, all mutual funds, exchange traded
funds and other investment company securities (Funds) incur certain types of charges and expenses,
which are paid from the value of the mutual funds’ shares. These charges and expenses include
investment management, transaction, administrative, distribution, transfer agent, custodial, legal, audit
and other customary fees. If your account holds any such Fund shares, you will be indirectly paying these
expenses, which are in addition to your Portfolio Management Services management fee. You are
encouraged to read the prospectuses of any Funds which are purchased in your account for a more
complete explanation of these fees and expenses.

Investments Available without O’Connor Capital’s Services
With certain exceptions, you can purchase shares of Funds and other investments outside of your
Portfolio Management account without paying for and receiving the benefit of O’Connor Capital’s
management services which are designed, among other things, to assist the client in determining which
fund or funds are most appropriate to the client’s financial condition and objectives. Certain Funds are
offered generally to the public without a sales charge and, for those Funds that are offered with a sales
charge, the sales charge described in the Fund’s Prospectus may be more or less than O’Connor

Capitals’ management fee charged over time. Accordingly, the client should review both the fees charged
by the funds and the fees charged by O’Connor Capital to fully understand the total amount of fees to be
paid by the client and to thereby evaluate the advisory services being provided. While O’Connor Capital
believes its fees are competitive with fees charged by other investment advisors for comparable services,
comparable services may be available from other sources for lower fees than those charged by O’Connor
Capital.

Tax Consequences of Transactions
Clients are advised that any redemptions and exchanges between Funds and other securities
transactions in the client’s Portfolio Management account might have tax consequences, which clients
should discuss with their independent tax advisor.

Brokerage and Custodial Charges
In addition to O’Connor Capital’s Portfolio Management fee, you will also pay any brokerage or custodial
costs associated with your account. For more information about O’Connor Capital’s brokerage
recommendations and arrangements, please refer to Item 12 of this brochure.

Item 7. Types of Clients
While O’Connor Capital primarily provides investment advisory services to high net worth individuals,
families and institutional clients, it may also provide advice to other types of clients on a case by case
basis.

O’Connor Capital generally has a $100,000 account minimum. O’Connor Capital, in its sole discretion,
may reduce its account minimum or charge a lesser investment management fee based upon certain
criteria (i.e. anticipated future earning capacity, anticipated future additional assets, dollar amount of
assets to be managed, related accounts, account composition, negotiations with client, etc.).