Purtill Financial LLC

Item 5: Fees and Compensation

We base our fees on a percentage of assets under management or advisement or hourly
charges which are described below.

Compensation – Wealth Management Services
The current annual fee for Wealth Management services is calculated as a percentage of assets
under management or advisement as follows:

               Assets Under Management or Advisement                Annual Fee
                          First $0 to $1,000,000                       0.80%
             Amounts Between $1,000,001 and $3,000,000                 0.65%
                    Amounts in Excess of $3,000,000                    0.50%
                      529 College Savings Programs                     0.40%

This is a blended fee schedule; the wealth management fee is calculated by applying different
rates to different portions of the portfolio. We may combine related client accounts when
calculating fees, which can help clients qualify for discounted rate tiers.

Fees are generally billed quarterly in advance based on the amount of assets (including cash) as
of the close of business on the last business day of the previous quarter, as valued by the
custodian.

Minimum fees for Wealth Management services are currently $250 per quarter.

Compensation – Consulting
Consulting services are provided on an hourly basis of $150 per hour. All consulting fees are due
quarterly in arrears.

Calculation and Payment
The specific manner in which we charge fees is established in a client’s written agreement with
us. Clients may elect to be invoiced directly for fees or to authorize us to directly debit fees
from client accounts.

Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and
any earned, unpaid fees will be due and payable.

In no case will more than $1,200 be collected from the client more than 6 months in advance.

Other Fees
There are no additional types of fees or expenses that our clients pay in connection with the

delivery of advisory services.

Agreement Terms
Agreements may be terminated at any time upon receipt of a 30 day written notice to
terminate by either party. If an Agreement is terminated after the commencement of a
calendar quarter billing period, the unearned portion of the Wealth Management fee will be
refunded.

If the client made a payment in arrears, we would collect any earned yet unpaid fees.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge
the client an asset-based fee as set forth in the advisory agreement the client executed with our
firm. In some cases, this creates a conflict of interest because it creates a financial incentive for
our firm to recommend the rollover to the client (i.e., receipt of additional fee-based
compensation). Clients are under no obligation, contractually or otherwise, to complete the
rollover. Moreover, if clients do complete the rollover, clients are under no obligation to have
the assets in an IRA advised on by our firm. Due to the foregoing conflict of interest, when we
make rollover recommendations, we operate under a special rule that requires us to act in our
clients’ best interests and not put our interests ahead of our clients.’

Under this special rule’s provisions, we must:

   •   meet a professional standard of care when making investment recommendations (give
       prudent advice);
   •   never put our financial interests ahead of our clients’ when making recommendations
       (give loyal advice);

   •    avoid misleading statements about conflicts of interest, fees, and investments;
   •    follow policies and procedures designed to ensure that we give advice that is in our
        clients’ best interests;
   •    charge no more than a reasonable fee for our services; and
   •    give clients basic information about conflicts of interest.

Many employers permit former employees to keep their retirement assets in their company
plan. Also, current employees can sometimes move assets out of their company plan before
they retire or change jobs. In determining whether to complete the rollover to an IRA, and to
the extent the following options are available, clients should consider the costs and benefits of
a rollover. Note that an employee will typically have four options in this situation:

   1.   leaving the funds in the employer’s (former employer’s) plan;
   2.   moving the funds to a new employer’s retirement plan;
   3.   cashing out and taking a taxable distribution from the plan; or
   4.   rolling the funds into an IRA rollover account.
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Types of Clients
We provide services to individuals, families, high net worth individuals, and charitable
organizations.

Account Minimums
We have no minimum account size.