Riverpath Investments LLC

Item 5: Fees & Compensation

Compensation for Our Investment Advisory Services

Individual Portfolio Management:

                 Assets Under Management          Annual Percentage of Assets Charge
                       $0 to $1,000,000                        1.00%
                   $1,000,001 to $2,500,000                    0.85%
                   $2,500,001 to $5,000,000                    0.75%
                  $5,000,001 to $10,000,000                    0.65%
                       Over $10,000,001                        0.50%

Fees to be assessed will be outlined in the advisory agreement to be signed by the client. Annualized
fees are billed on a pro-rata basis quarterly in arrears based on the value of the account(s) on the last

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day of the quarter. Our firm bills on cash unless otherwise indicated in writing. Fees are negotiable
and will be deducted from client account(s). Adjustments will be made for deposits and withdrawals
during the quarter. In rare cases, our firm will agree to directly invoice. As part of this process, Clients
understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
       firm will send an invoice directly to the custodian; and
    c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
       information provided in our statement with those from the qualified custodian will be
       included.

Pension Consulting:

                 Assets Under Management           Annual Percentage of Assets Charge
                       $0 to $1,000,000                          1.00%
                   $1,000,001 to $3,000,000                      0.75%
                   $3,000,001 to $5,000,000                      0.50%
                  $5,000,001 to $10,000,000                      0.35%
                       Over $10,000,001                        Negotiable

Our firm charges a fee based on the percentage of Plan assets under advisement for our Pension
Consulting services are billed on. The total estimated fee, as well as the ultimate fee charged, is based
on the scope and complexity of our engagement with the client. The fee-paying arrangements will be
determined on a case-by-case basis and will be detailed in the signed consulting agreement.

Other Types of Fees & Expenses

Clients will incur transaction fees for trades executed by their chosen custodian via individual
transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
disclosed by the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”) does not charge transaction
fees for U.S. listed equities and exchange traded funds.

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, 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 Asset Management
services in writing at any time. Upon notice of termination pro-rata advisory fees for services
rendered to the point of termination will be charged. If advisory fees cannot be deducted, our firm
will send an invoice for due advisory fees to the client.

ADV Part 2A – Firm Brochure                      Page 6                               RiverPath Investments, LLC

Either party to a Pension Consulting Agreement may terminate at any time by providing written
notice to the other party. Full refunds will only be made in cases where cancellation occurs within 5
business days of signing an agreement. After 5 business days from initial signing, either party must
provide the other party 30 days written notice to terminate billing. Billing will terminate 30 days
after receipt of termination notice. Clients will be charged on a pro-rata basis, which takes into
account work completed by our firm on behalf of the client. Clients will incur charges for bona fide
advisory services rendered up to the point of termination (determined as 30 days from receipt of
said written notice) and such fees will be due and payable.

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 requires minimum account balances for our various Asset Management services as follows:

    •    Individual Portfolio Management - $250,000
    •    Pension Consulting - $250,000

Generally, these minimum account balance requirements are not negotiable and would be required
throughout the course of the client’s relationship with our firm.