Sestante Wealth Management LLC

Item 5.        Fees and Compensation

Sestante generally charges its clients an annual management fee of up to 2% of assets under
management for the assets that it manages. Sestante also charges certain clients an additional or
stand-alone fixed monthly fee that is negotiated with each client based on the level and types of
services provided to that client. These fees are typically payable in monthly installments in
advance or in arrears, depending on the terms of each client’s investment management agreement.
In certain cases, Sestante waives or reduces its fees (including the fees, allocations and
distributions discussed below) for certain clients as required by law or at its discretion.

The compensation that each client pays Sestante is different and stated in the client’s investment
management agreement. Such compensation typically includes either (a) a management fee based
on the net asset value of the client’s accounts on the date the fee accrues and becomes payable or

(b) a fixed monthly fee. The clients that pay management fees pay them in accordance with their
investment management agreements.

Clients that invest in mutual funds, venture capital funds or other investment funds also pay,
indirectly, investment advisory fees and/or performance-based compensation to the managers of
those funds and the other expenses of those funds, including brokerage commissions. The
expenses that a mutual fund pays are available in its prospectus. The expenses that a private fund
pays are available in its offering documents.

In addition, clients may incur fees associated with third-party investment managers, including
separately managed account managers, as well as platform or overlay fees associated with unified
managed account programs or similar arrangements. These fees are separate from and in addition
to the Firm’s advisory fee. As a result, clients may bear multiple layers of fees, including the Firm’s
advisory fee, underlying manager fees, and platform or implementation fees.

Sestante typically deducts its compensation directly from client accounts, but may invoice client
for fees upon request.

Most clients may terminate their relationship with Sestante based on the agreed upon terms in their
investment advisory agreements. Expenses and the pro rata portion of any management fee or
carried interest distribution through the date of termination are charged to the account. Generally,
prepaid advisory or management fees are not refunded on the termination of an account except as
otherwise set forth in the client’s account agreement.

Each client account will be responsible for its own costs and expenses, including trading costs and
expenses (such as brokerage commissions and clearing and settlement charges) and ongoing legal,
tax, accounting and bookkeeping fees and expenses. Please see the discussion in Item 12 regarding
Sestante’s brokerage practices.

Sestante believes that its fees are competitive with fees charged by other investment advisers for
comparable services. Comparable services may be available, however, from other sources for
lower fees.

Item 7.        Types of Clients

Sestante provides investment advice to family offices, high-net-worth individuals, trusts,
corporations, foundations, partnerships and limited liability companies. Sestante’s clients may
also be members or partners of entities to which Sestante provides administrative services.
Sestante typically does not require a minimum account opening balance for separately managed
accounts.