Spurstone Advisory Services LLC

Item	5:	Fees	and	Compensation
Please note, unless a client has received the firm’s disclosure brochure at least 48 hours
prior to signing the investment advisory contract, the investment advisory contract may be
terminated by the client within five (5) business days of signing the contract without
incurring any advisory fees and without penalty. How we are paid depends on the type of
advisory service we are performing. Please review the fee and compensation information
below.

Comprehensive Portfolio Management

Our standard advisory fee is based on the market value of the assets under management and
is calculated as follows:

           Account Value                                            Annual Advisory
                                                                    Fee

           First $500,000                                           1.40%

           Next $250,000                                            1.20%

           Next $250,000                                            1.00%

           Next $1,000,000                                          0.80%

            Next $1,000,000                                          0.60%

            Next $2,000,000                                          0.50%

            Next $5,000,000                                          0.40%

            Amounts over $10,000,000                                 0.30%

The above fee schedule does not include the advisory fee paid to SEI. Spurstone’s Annual
Advisory fees are negotiable and are pro-rated and paid in arrears on a quarterly basis. No
change in the annual fee shall be effective without written disclosure to the client.

Advisory fees are directly debited from client accounts. Accounts initiated or terminated
during a calendar quarter will be charged a pro-rated fee based on the amount of time
remaining in the billing period. An account may be terminated with written notice. Since
fees are paid in arrears, no rebate will be needed upon termination of the account.
Complete details on the SEI fees and expenses, are disclosed in SEI’s Form ADV Part 2A
which will be given to all clients subscribing to this advisory service. The exact fee and/or
fee schedule for each client will be disclosed in SEI’s Client Agreement.

Comprehensive Financial Planning & Management Fee

Comprehensive Financial Planning & Management will generally be offered on a fixed fee
basis.

The fixed fee will be agreed upon before the start of any work. The fixed fee can range
between $500.00 and $25,000.00. The fee is negotiable. The fee is due at the beginning of
the process when the Financial Agreement is signed. In the event of early termination, the
client will be billed for the hours worked at a rate of $500.00, per hour. If the initial deposit
is greater than the amount billed, then the client will be refunded the difference. If the
initial deposit is less, then the client will be billed the difference.

Business Owner & Entrepreneur Consulting & Business Exit Planning is offered on fixed
fee, hourly and recurring monthly subscription basis. This fee and terms is negotiable and
agreed upon when the Financial Agreement is signed.

Educational Seminars

Fees for Educational Seminars will vary due to varying scope, length, and complexity of
seminars. Fees may be negotiated with and paid for by employers. In the event that seminar
attendees will be responsible for payment, the fee will be published on the seminar
announcement or invitation. Spurstone may also provide pro bono seminars at its own
discretion.

Other Types of Fees and Expenses

Our fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses that may be incurred by the client. Clients may incur certain charges imposed
by custodians, brokers, and other third parties such as custodial fees, deferred sales charges,
oddlot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and
taxes on brokerage accounts and securities transactions. Mutual fund and exchange traded
funds also charge internal management fees, which are disclosed in a fund’s prospectus.
Such charges, fees and commissions are exclusive of and in addition to our fee, and we
shall not receive any portion of these commissions, fees, and costs.

Item 12 further describes the factors that we consider in selecting or recommending broker-
dealers for client’s transactions and determining the reasonableness of their compensation
(e.g., commissions).

We do not accept compensation for the sale of securities or other investment products
including asset-based sales charges or service fees from the sale of mutual funds.

Item	7:	Types	of	Clients
Spurstone provides financial planning and portfolio management services primarily to
individuals and high net-worth individuals and their related entities such as trusts,
charitable organizations, corporations, business entities, qualified retirement plans and
other for profit and not for profit entities. We do not have a minimum account size
requirement.