Roffman Milller Associates Inc

FEES AND COMPENSATION

                                                                                       Form ADV Part 2A, Item 5
Fee Schedule

For our services as investment advisors, we charge a percentage of the assets under management. The
annual fees are paid quarterly and will be based on the market value of the Portfolio at the end of each
quarter, March, June, September, and December. Pricing of assets is done through reputable
broker/dealer(s). If for some reason we feel any security is not being fairly priced, we have procedures for
price overrides. For clients with Bonds, fees include accrued interest. Roffman Miller’s portfolio
management software may calculate accrued interest differently than your Broker Dealer. All fees are
subject to review and revision at any time. All fees are negotiable on an individual basis.

All management fees are paid three months in advance. Clients may end their contracts at any time. The
client will get a pro-rated refund. We do reserve the right to charge additional fees for any work completed
after the termination date. Fees will be applied daily as per the original fee schedule. Such services
include, but are not limited to executing trades, facilitating transfers, and calculating and providing cost
basis and tax information.

Existing clients opening new accounts will be billed using the fee schedule agreed upon at the beginning
of the relationship.

Fee Dispersion

Roffman Miller, in its discretion, may charge a lesser investment advisory fee, charge a flat fee, or waive
its asset minimum, 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,
complexity of the engagement, anticipated services to be rendered, grandfathered fee schedules,
employees and family members, courtesy accounts, competition, negotiations with client, etc.). Please
Note: As a result of the above, similarly situated clients could pay different fees. In addition, similar
advisory services may be available from other investment advisers for similar or lower fees. Please
Also Note: Conflict of Interest. Because Roffman Miller, per the above fee schedules, earns a higher fee
for management of equity portfolios, it has an economic incentive to allocate more of the client’s assets to
the higher paying asset class. QUESTIONS: Roffman Miller’s Chief Compliance Officer, Paulette
Greenwell, remains available to address any questions that a client or prospective client may have
regarding advisory fees, and conflict of interest.

   As of November 1st, 2006, management fees will be computed in accordance with the following schedules:

                                        Equities & Structured Products
                                  1.00%            First         $2.0 Million
                                  0.75%            Next          $5.0 Million
                                            Negotiable Thereafter

                                               Fixed Income
                                  0.50%           First         $5.0 Million
                                            Negotiable Thereafter

                                               Mutual Funds
                                  0.75%           First         $5.0 Million
                                            Negotiable Thereafter

                                 Cash and Cash Equivalents are excluded.

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Roffman Miller Associates Inc.                                                           IARD/CRD No: 106019
From ADV Part 2A                                                                       SEC File No.: 801- 38491
Brochure                                                                                               2/6/2026

     Management fees for accounts opened from August 1st, 2005, until October 31st, 2006 are computed in
                                 accordance with the following schedules.

                                              Equities/Balanced
                                   1.00%           First         $1.0 Million
                                   0.75%           Next          $1.5 Million
                                   0.50%           Next          $5.0 Million
                                             Negotiable Thereafter

                                             Taxable Fixed Income
                                   0.50%           First         $5.0 Million
                                             Negotiable Thereafter

                                            Municipal Fixed Income
                                  0.375%           First         $5.0 Million
                                            Negotiable Thereafter

                                                Mutual Funds
                                   0.50%           First         $5.0 Million
                                             Negotiable Thereafter

   Management fees for accounts opened from 1990 until July 31st, 2005 are computed in accordance with the
                                           following schedule.

                                               Equities/Balanced
                                   1.00%            First          $1.0 Million
                                   0.75%           Next            $1.5 Million
                                   0.50%           Next            $4.0 Million
                                   0.40%            Above          $6.5 Million

Most clients have their fees deducted directly from their brokerage accounts. Fees are deducted four
times a year; April, July, October and January. It is the client’s responsibility to verify the accuracy of the
management fee calculation. The Broker/Dealer will not determine whether the fee is properly calculated.

Additional Fees
...

TYPES OF CLIENTS

                                                                                      Form ADV Part 2A, Item 7

Our clients consist of high-net-worth individuals, individuals, pension and profit-sharing plans, trusts,
estates, charitable organizations, and corporations. Our minimum account size is $1,000,000, although
we may in certain situations take smaller accounts.

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Roffman Miller Associates Inc.                                                          IARD/CRD No: 106019
From ADV Part 2A                                                                      SEC File No.: 801- 38491
Brochure                                                                                              2/6/2026

             METHODS OF ANALYSIS, INVESTMENT STRATEGIES and RISK OF LOSS

                                                                                        Form ADV Part 2A, Item 8

Each portfolio is managed in accordance with the goals and risk tolerances of the individual client. Some
of the goals and constraints we evaluate are risk, return, taxes, time horizon, liquidity needs, legal issues,
and unique circumstances. An asset allocation target, equites vs fixed income and occasionally cash, is
used to help in managing the portfolio(s), in most cases there is flexibility in the targets on either side,
depending on the client and market conditions.

Our portfolios are mostly invested in stocks, bonds, ETF’s and mutual funds. In all cases, there are risks
of temporary or permanent loss on investments due to poor economic conditions, corporate bankruptcies,
and other unforeseen situations. We believe risk can be reduced in the portfolios by allocating monies to
different asset classes, owning a diversified portfolio, and also by careful investment selection.

The paragraphs below describe in more detail how we select these investments.

Research
The Investment Committee conducts its own research using all the data sources available to it. Our team
also understands the importance of going out and “kicking the tires,” and makes it a practice to have on-
going contact with company management, as much of it face-to-face as practicable, to understand their
businesses. Additionally, we solicit independent research opinions from several outside sources to assist
in our decisions.

Our research focuses on:
        • Identifying quality companies with a superior management team, clear plan for success,
           proven track record and whose focus is on increasing shareholder value over the long term.
        • Recognizing companies with favorable valuations based on such financial measures as
           profits, book value and cash flow.
        • Industry leaders with a competitive advantage in size, price, intellectual property, technology,
           geography or high barriers to entry.
        • Selecting companies that not only have financial strength with solid sales earnings and
           appropriate levels of debt, but also those which can persevere and take advantage of
           opportunities that occur during difficult economic environments.

Our commitment to research and analysis does not stop once a company is identified or selected. We
pay close attention to and monitor each company’s progress.

Common Stock Management
Investing in quality companies which have superior management is the cornerstone of our investment
philosophy. Using the information gained from our fundamental analysis and in-depth client interview, we
select the ideal companies from our potential list of investment candidates. We invest in stocks of
established companies that we feel are currently undervalued and those with the potential to increase
shareholder value over time.

In keeping with our guiding principles, our sell discipline is based on value and fundamentals. We look to
sell when:

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Roffman Miller Associates Inc.                                                            IARD/CRD No: 106019
From ADV Part 2A                                                                        SEC File No.: 801- 38491
Brochure                                                                                                2/6/2026

    • The security reaches a price indicating the potential for continued price appreciation may be
    limited.
    • Our fundamental reasons for owning the stock have changed.
    • The individual stock is greater than 10% of the stock portfolio.

Diversification is important and we view it in terms of both company and industry investments. Our typical
equity accounts have between thirty and fifty stocks. We do not initially invest more than five percent in
one stock or twenty percent in one industry to avoid undue risk.

Fixed Income Management
We invest in a diverse mix of fixed income investments including individual bonds, taxable and tax-
exempt; fixed income funds, ETFs, and closed-end funds of varying assets and management styles; and
non-traditional fixed income investments like preferred stock to create a broadly diversified fixed income
portfolio to accomplish two primary goals:
    • Current Income & Liquidity– Help meet the cash flow needs of our clients primarily by generating
         a level of interest income equal with capital preservation and price stability.

    •   Portfolio Diversification – Fixed income investments serve well as a hedge against equity market
        risk, reducing overall portfolio volatility and smoothing out the total long-term return of a portfolio.

While looking to accomplish our primary goals, we take strides in managing the risk side of our fixed
income portfolios as we do in our stock portfolios. There are many different types of risks involved in fixed
income investing to consider but the two primary concerns of ours are typically:

    •   Interest Rate Risk – The price volatility of a fixed income investment or portfolio as it relates to
        changes in market interest rates.
...