Oak Asset Management LLC

Item 5: Fees & Compensation

    Compensation for Our Advisory Services

    Wrap Comprehensive Portfolio Management:

    Please see our Wrap Fee Program Brochure for information regarding our fees and compensation
    for our Wrap Comprehensive Portfolio Management service.

    Retirement Plan Consulting:

    Retirement Plan Consulting services are only available to clients who are currently utilizing our Wrap
    Comprehensive Portfolio Management service. Retirement Plan Consulting services are included in
    the total advisory fee charged by our firm for our Wrap Comprehensive Portfolio Management
    service. Clients will not be charged an additional fee for requesting Retirement Plan Consulting
    services.

    Other Types of Fees & Expenses

    Wrap Comprehensive Portfolio Management clients will not incur transaction costs for trades. More
    information about this can be found in our separate Wrap Fee Program Brochure. Clients may also
    pay holdings charges imposed by the chosen custodian for certain investments, charges imposed
    directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in the fund’s
    prospectus (e.g., fund management fees, distribution fees, surrender charges, variable annuity fees,

ADV Part 2A – Firm Brochure                        Page 5                                  Oak Asset Management, LLC

    IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads paid to market makers,
    fees for trades executed away from custodian, wire transfer fees and other fees and taxes on
    brokerage accounts and securities transactions). Our firm does not receive a portion of these fees.

    Termination & Refunds

    Either party may terminate the advisory agreement signed with our firm for Wrap Comprehensive
    Portfolio Management services in writing at any time. Upon notice of termination our firm will
    process a pro-rata refund of the unearned portion of the advisory fees charged in advance.

    Commissionable Securities Sales

    Our firm and representatives do not sell securities for a commission in advisory accounts.

Item 7: Types of Clients & Account Requirements

    Our firm has the following types of clients:

             Individuals and High Net Worth Individuals;
             Trusts, Estates or Charitable Organizations;
             Pension and Profit-Sharing Plans;
             Corporations, Limited Liability Companies and/or Other Business Types

    Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging
    us.