Smedley Financial Services Inc

Item 5 – Fees and Compensation

In addition to the information provide in Item 4 – Advisory Business, this section provides additional
details regarding our firm’s services along with descriptions of each service’s fees and compensation
arrangements.

As discussed in this disclosure statement, Smedley Financial Services, Inc. offers our clients discretionary
investment management and non-discretionary investment consulting services. Our investment advisory
services are primarily limited to the management of investment portfolios in accordance with the
investment objective(s) of the client. We also offer financial planning, estate planning and investment/non-
investment consultations for a separate fee. In the event that we determine to provide any requested
consulting services, we may charge a separate and additional fee.

Financial Planning and Consulting

If requested, we will provide our clients with financial planning and/or consulting services (including
investment and non-investment-related matters). Our financial planning and consulting fees are
negotiable, but between $200 and $2,000 on a fixed fee basis and between $150 and $500 on an hourly
rate basis, depending upon the level and scope of the services required, and the professional(s)
rendering the service(s). Smedley Financial Services may require that Financial Planning/Consulting
Service clients provide a mutually agreed to retainer amount that will be available for SFS to bill hourly
fees against for our financial planning and consulting services. However Smedley Financial Services will
not require prepayment of more than $1200 in fees per client, six months or more in advance. Prior to
engaging us to provide financial planning and/or consulting services you will be required to enter into a
Financial Planning and Consulting Agreement setting forth the terms and conditions of the engagement,
describing the scope of the services to be provided and the fee that is due prior to us commencing
services.

Smedley Financial Services, Inc.                                                           Disclosure Brochure

Financial planning and consulting fees are charged in advance. If you terminate service after the fifth day,
you will receive a refund of any unused portion of planner’s fee, with a maximum refund of half of the
original financial planning and consulting fee.

In performing its services, we will not be required to verify any information received from you or from your
other professionals and is expressly authorized to rely thereon. If requested by our client, we may
recommend the services of other professionals for implementation purposes. You are under no obligation
to engage the services of any such recommended professional. You retain absolute discretion over all
such implementation decisions and are free to accept or reject any of our recommendations. Moreover,
each client is advised that it remains his/her/their responsibility to promptly notify us if there is ever any
change in his/her/their financial situation or investment objectives for the purpose of
reviewing/evaluating/revising our previous recommendations and/or services.

Investment Management

In the event the client determines to engage Smedley Financial Services, Inc. to provide investment
management services, we will do so on a fee basis. We are authorized, without prior consultation with the
client, to buy, sell and trade in stocks, bonds, mutual funds and other securities and/or contracts relating
to the same and to give instructions in furtherance of such authority to the registered broker/dealer and
the custodian of assets.

We generally allocate your investment management asset accounts, on a discretionary basis, among one
or more of our proprietary asset management programs, whereby we will exchange and/or transfer funds
you own among different asset categories within the same (or different) fund family(ies), equities or
bonds, in accordance with your investment objective(s). Our proprietary programs have been designed to
comply with the requirements of Rule 3a-4 of the Investment Company Act of 1940. Rule 3a-4 provides
similarly managed investment programs, with a non-exclusive safe harbor from the definition of an
investment company. In accordance with Rule 3a-4, the following disclosure is specifically applicable to
our management of client assets:

    1. Initial Interview - at the opening of the account, we, through our designated representatives, will
       obtain from you information sufficient to determine your financial situation and investment
       objectives;
    2. Individual Treatment – your account is managed on the basis of your financial situation and
       investment objectives;
    3. Annual Contact - we attempt to reach out to clients on an annual basis to determine whether if
       their financial situation or investment objectives have changed, or if the client wants to impose
       and/or modify any reasonable restrictions on the management of your account;
    4. Consultation Available - We will be reasonably available to consult with you relative to the
       status of your account;
    5. Statement - you will be provided with a report, no less than quarterly, for the account for the
       preceding period;
    6. Ability to Impose Restrictions - you will have the ability to impose reasonable restrictions on
       the management of the account, including the ability to instruct us not to purchase certain mutual
       funds;

Smedley Financial Services, Inc.                                                             Disclosure Brochure

    7. No Pooling - your beneficial interest in a security does not represent an undivided interest in all
       the securities held by the custodian, but rather represents a direct and beneficial interest in the
       securities which comprise your account;
    8. Separate Account - a separate account is maintained for you with the custodian; and
...

Item 7 – Types of Clients

Smedley Financial Services, Inc. generally provides investment advice to the following types of clients:

        Individuals
        High-Net Worth Individuals
        Pension and profit sharing plans
        Trusts, estates, or charitable organizations
        Corporations or business entities other than those listed above

Minimum Investment Amounts Required

Osaic Wealth’s VISION2020 Wealth Management Platform requires a minimum account value of
$25,000. Smedley Financial’s Managed Account Program for Fidelity 403(b) accounts requires a
minimum account value of $25,000. Smedley Financial’s Managed Account Program for Independent
Custodial Account or Other Custodial Account requires no minimum account value. Minimum account
values may be negotiable, depending on type of program and overall client account values.

Financial Planning and Consulting minimum fixed fee is $200 and the minimum hourly rate is $150.

Smedley Financial Services, Inc.                                                           Disclosure Brochure

The Model Portfolios Managed by Smedley Financial Services have established minimum investment
amounts as disclosed in Item 5 – Fees and Compensation

All clients are required to execute an agreement for services in order to establish a client arrangement
with Smedley Financial Services, Inc. and/or the third-party money manager or the sponsor of third-party
money manager platforms.

Third-party money managers may have minimum account and minimum fee requirements in order to
participate in their programs. Each-third party money manager will disclose its minimum account size and
fees in its Form ADV Part 2A Disclosure Brochure.