Stolper & Company

Fees and Compensation – Item 5

As of 2025, SCI fees for asset management and financial planning for new clients will be
computed at an annual rate of:

          •   0.70% of the assets under management for equity and balanced accounts
              on the first $5 million.
          •   0.35% on assets under management above $5 million.
          •   The minimum annual fee is $3,000.

For clients that only engage SCI for financial planning services, we charge a flat fee of
$250 per month and we request a one-year commitment.

SCI also provides asset allocation services to clients under an arrangement in which SCI
will allocate all or a portion of a client’s portfolio to subadvisers hired by SCI. Under this
arrangement, SCI monitors the investment activities of the subadvisers and SCI retains
the ability to terminate the subadviser or allocate more or less of the client’s portfolio to
the subadviser at any time. SCI also negotiates each subadviser’s fees on the client’s
behalf.

SCI may charge lower fees for some clients based upon the amount of assets under SCI’s
management, the length and nature of SCI’s relationship with the client and other factors.
SCI’s fee does not include the services of any subadviser selected for the account,
custodial expenses or brokerage expenses in connection with the account.               When
authorized by client, SCI will direct the client’s custodian to pay SCI’s and the subadviser’s
fees directly from the client’s account. Alternatively, the client may elect to be billed
directly for management fees. The manner in which fees are deducted is detailed in the
signed agreement with the client.

Clients pay management fees in advance. If the contract is terminated before the end of
a quarter for which the quarterly fee has been paid, the fee will be pro-rated and refunded
to the client.

SCI from time to time provides investment consulting services to various entities on a flat
fee basis.

In addition to the management fees payable to SCI, each mutual fund in which the assets
of the account are invested also pays its own investment advisory fees to its own
investment advisor, administrative expenses, and in some cases 12B-1 fees. Also, the
broker may be paid commissions and/or ticket charges for effecting purchases and sales
of funds.

SCI does not receive any referral fees or compensation from investment advisors for
recommending their firms to SCI’s advised clients. In the past, SCI’s clients may have
instructed an investment advisor to credit a portion of the advisor’s fee to SCI to

compensate SCI at its usual rates for the provision of its consulting and performance
measurement services. Any payments that SCI received under this arrangement were at
the convenience and request of the client. This payment option is not available for new
clients.

Performance Based Fees and Side-by-Side Management – Item 6

SCI does not charge any performance fees. Some investment advisors experience
conflicts of interest in connection with the side-by-side management of accounts with
different fee structures. However, these conflicts of interest are not applicable to SCI.

Types of Clients – Item 7

SCI provides services to individuals, trusts, estates, charitable organizations, pension and
profit-sharing plans, corporations or business entities other than those previously listed.

Accounts of $500,000 or more will be accepted, however smaller accounts may be
accepted when part of a household with more than $3,000,000 total value.

Methods of Analysis, Investment Strategies and Risk of Loss – Item 8

Methods of Analysis stated in Item 4.

The firm does not advocate the use of margin for clients.

All investing involves a risk of loss, and the investment strategies offered by SCI could
lose money over short or even long periods. Past performance is not a guarantee of
future results and individual account performance will vary. Performance could be hurt
by a number of different risks including but not limited to:

Stock Market Risk. Stock markets tend to move in cycles, with periods of rising prices
and periods of falling prices. There is a chance that stock prices overall will decline.

Sector Risk. There is a chance that significant problems will affect a particular sector, or
that returns from that sector will trail returns from the overall stock market.        Daily
fluctuations in specific market sectors are often more extreme than fluctuations in the
overall stock market.

Bankruptcy of a broker or custodian could cause excessive costs or loss of
investor funds. If a broker with whom SCI has an account becomes insolvent or
bankrupt, SCI may be unable to recover all or even a portion of the assets maintained by
clients with that broker. Similarly, if a custodian housing a client’s securities or other
assets becomes bankrupt or insolvent, the client may be unable to recover all or even a
portion of the assets held by the custodian.

SCI may rely on information that turns out to be wrong. SCI selects investments
based, in part, on information provided by issuers to regulators or made directly available
to SCI by the issuers or other sources.         SCI is not always able to confirm the
completeness or accuracy of such information, and in some cases, complete and
accurate information is not available. Incorrect or incomplete information increases risk
and may result in losses.

SCI may fail to identify successful companies. Identifying successful companies is
difficult, and there are no assurances that such a strategy will succeed. Furthermore,
clients may be forced to hold such investments for a substantial period of time before
realizing any anticipated value.

Investing in securities entails risks associated with the underlying business
including reliance on a company’s managers and their ability to execute business
strategies. In addition, all businesses face risks such as adverse changes in regulatory
requirements, interest rate and currency fluctuations, general economic downturns,

changes in political situations, market competitions and other factors. SCI will not have
day-to-day control over any company in which it invests for clients.

Fixed Income Securities. Risks associated with investing in fixed income securities (i.e.
bonds) include:

          •   The bond issuer’s inability to pay interest or repay the bond.
          •   Changes in market interest rates cause the bond’s value to fall.
          •   Illiquidity in the bond market may make the bond difficult or impossible to
              sell.
          •   The bond issuer may repay the bond prior to maturity; or
          •   Inflation may reduce the effective yield on the bond’s interest payments.

Bonds- Call Provisions. Many bonds, including agency, corporate and municipal bonds,
and all mortgage-backed securities, contain a provision that allows the issuer to “call” all
or part of the issue before the bond’s maturity date. The issuer usually retains this right
to refinance the bond in the future if market interest rates decline below the coupon rate.
There are three disadvantages to the call provision. First, the cash flow pattern of a
callable bond is not known with certainty. Second, because the issuer will call the bond
when interest rates have dropped, clients are exposed to reinvestment rate risk – clients
will have to reinvest the proceeds received when the bond is called at lower interest rates.
Finally, the capital appreciation potential of a bond will be reduced because the price of
a callable bond may not rise much above the price at which the issuer may call the bond.

Bonds – Yield Curves. Bond portfolios typically include bonds with a range of maturity
dates. In assembling a bond portfolio, the Advisor generally assumes that changes in the
yield curve will occur at roughly parallel rates, that is, that interest rates on long-term
bonds will move up or down in the same direction as interest rates on short-term bond
yields. To the extent that the yield curve movements deviate from this assumption, the
bond portfolio may generate results different from those intended by SCI.

Bonds – Inflation. Inflation risk results from the variation in the value of cash flows from
a security due to inflation, as measured in terms of purchasing power. For example, if a
client purchases a 5-year bond in which it can realize a coupon rate of 5%, but the rate
of inflation is 6%, then the purchasing power of the cash flow has declined. For all but
inflation linked bonds, adjustable bonds or floating rate bonds, clients are exposed to
inflation risk because the interest rate the issuer promises to make is fixed for the life of
the security. To the extent that interest rates reflect the expected inflation rate, floating
rate bonds have a lower level of inflation risk.

At times SCI may invest other entities to which SCI’s principal may have a business
relationship (See Item 10 for more detail). No such investments are made unless
investments are in the best interest of clients and SCI has ensured that such investments
are made in compliance with its Insider Trading Policy.