Samalin Investment Counsel LLC

Item 5 Fees and Compensation
Financial Planning/Consulting Services
Prior to engaging our firm to provide financial planning and/or consulting services, you will be required
to enter into a separate written agreement with us that sets forth the terms, conditions of the engagement,
and describes the scope of the services to be provided and the fees to be paid. Our fees for these
services may consist of a fixed fee, an hourly fee, or a combination thereof. Currently, fixed fees range
from $875 for a limited review to $10,000 for a comprehensive financial plan, and hourly

fees range from $175 to $575. We require payment of one-half of the financial planning/consulting fee
upon entering into the agreement for services. The remaining balance is due and payable upon delivery
of the financial plan or completion of the agreed upon services.

The type and amount of the fees charged will be negotiated on a case-by-case basis. Fees are based
on the complexity of your financial situation and the scope of services to be provided. An estimate of
the total cost will be determined at the start of the advisory relationship. In limited circumstances, the
cost/time could potentially exceed the initial estimate. In such cases, we will notify you and may request
that you pay an additional fee. Other fees and fee-paying arrangements, including contingency based
compensation, may be negotiated with clients on a case-by-case basis. In such cases, the fees and fee-
paying arrangements will be clearly disclosed in the executed agreement for services.

As part of the financial planning process, we may review a client's existing insurance coverage and
recommend new or additional insurance products, such as life insurance and annuities, which are
customarily sold by insurance agents who earn commissions on such sales. Although some of our
associated persons/investment adviser representatives are licensed as insurance agents, they do not
sell commission-based insurance products to our advisory clients. However, they may recommend
insurance products for fee-only compensation, e.g., flat fee, hourly fee, or fee as a percentage of assets
under management. Clients are free to select any insurance company to implement an advisor's
recommendations.

Either party may terminate the agreement by providing written notice to the other party. You will incur a
pro rata charge for services rendered prior to the termination of the agreement. If you have pre-paid
advisory fees that we have not yet earned, you will receive a prorated refund of those fees.

Divorce Financial Planning
The type and amount of the fees charged will be negotiated on a case-by-case basis. Fees are based
on the complexity of your financial situation and the scope of services to be provided. An initial retainer
is required at the start of the engagement with Samalin Divorce and will be clearly set forth in the
executed agreement for services. In limited circumstances, the cost/time could potentially exceed the
initial estimate disclosed in the agreement. In such cases, we will notify you and request that you pay for
additional services at an hourly fee which is also disclosed in the agreement.

Portfolio Management Services
Our annual fee for portfolio management services varies between 0.50% and 2.50% depending upon
the market value of your assets under our management, the type and complexity of the asset
management services provided, as well as the level of administration to be provided to the client. Assets
in each of your account(s) are included in the fee assessment unless specifically identified in writing for
exclusion. In special circumstance, and in our sole discretion, we may negotiate a lesser management
fee based upon certain criteria, i.e., anticipated future earning capacity, anticipated future contributions
of assets, dollar amount of assets to be managed, related accounts, account composition, pre-existing
client relationship, account retention, pro bono activities, etc. We may also charge a fixed consulting fee
in lieu of asset-based compensation. Such fees are negotiated on a client-by-client basis and will be
clearly set forth in the executed agreement for services.

Our portfolio management fee is billed and payable quarterly, in advance, based on the value of your
account (including margin debits in your margin accounts) on the last day of the previous quarter. For
the initial quarter of investment management services, our fees will be calculated on a pro-rata basis,
which means that you will incur advisory fees only in proportion to the number of days remaining in the
initial quarter for which you are a client. For deposits of $500,000 or more into an existing account after
the inception of a quarter, a management fee will be charged and pro-rated for the number of days
remaining in the

quarter. Likewise, for withdrawals of $500,000 or more after the inception of a quarter, the management
fee already charged in the previous quarter will be pro-rated for the number of days remaining in the
quarter and a credit will be applied.

You may make additions to and withdrawals from your account at any time subject to the usual and
customary securities settlement procedures. If you deposit or withdraw assets from your account after
the first day of any calendar quarter, we will not adjust or prorate our management fee based on the
number of days remaining in the quarter except for deposits/withdrawals of $500,000 or more. We design
your portfolios as long-term investments and asset withdrawals may impair the achievement of your
specific investment objectives.

We will deduct our fee directly from your account through the qualified custodian, Fidelity Investments
("Fidelity"), holding your funds and securities. By executing a brokerage account application and our
discretionary investment management agreement, you authorize us to deduct our fee directly from
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Item 7 Types of Clients
We offer investment advisory services to individuals, pension and profit-sharing plans, trusts, estates,
charitable organizations, corporations, and other business entities. In general, we do not require a
minimum amount of assets to open and maintain an advisory account; however, we prefer to manage
portfolios which have a minimum of $500,000 in assets. We reserve the right to terminate your
account if it is too small to manage effectively.