Texas Capital Bank Wealth Management Services Inc

Item 5 - Fees and Compensation

General Portfolio Management Fee Information

Clients enter into one of two fee arrangements. For most, but not all, discretionary portfolio
management services, clients generally participate in the Wrap Fee Program sponsored by the
Adviser (the “Wrap Program”). The Wrap Program fee structure includes the brokerage expenses
(e.g., commissions, ticket charges, etc.) of the account, charges for custody services and the
management fee paid to the Adviser. Under the Wrap Program, the Adviser will assess one client
fee that captures the management, brokerage, custody, and administrative portions collectively.
Any portion of Wrap Program fees that the Adviser does not pay to third parties in connection with
transaction and execution expenses is retained by the Adviser. Because of this, the Adviser may
have a disincentive to trade securities in client accounts. The Adviser requires a minimum account
size of $1 million for participation in the wrap program, though we may permit smaller accounts
in our sole discretion.

The Adviser charges an annual management fee quarterly in advance in four installments each year
(each, a “Quarterly Installment Charge”). Each Quarterly Installment Charge will be based on the
value of the client’s portfolio on the last day of the prior quarter including trades that occurred but
have not yet settled. Partial periods will be prorated based on the number of calendar days in the
calendar quarter on which the Adviser provides its services. No management fee adjustments will
be made for partial deposits and withdrawals by the client during any quarter nor for the
appreciation or depreciation in the value of the Portfolio during any quarterly period. The
management fee for the initial quarter is based on the value of the cash and securities in the client’s
portfolio on the date the client’s custodian receives them and is prorated based upon the number
of calendar days in the calendar quarter on which the Adviser provides its services.

For most non-discretionary portfolio management services, clients will pay management fees to
the Adviser separately from the brokerage expenses and transaction costs of the account. The
brokerage expenses may take the form of asset-based pricing, meaning that the broker/dealer
charges the account a flat-rate percentage to cover all brokerage expenses, or these expenses may
be assessed on a per-trade basis. Please see Item 12 - Brokerage Practices for additional
information.

In either of these arrangements, the fees noted above are separate and distinct from the internal
fees and expenses charged by mutual funds, ETFs, or other investment pools to their shareholders
(generally including a management fee and fund expenses, as described in each fund’s prospectus
or offering materials), mark-ups and mark-downs, spreads paid to market makers, fees for trades

executed away from the custodian, wire transfer fees, and other fees and taxes on brokerage
accounts and securities transactions. The client should review all fees charged by funds, brokers,
the Adviser, and others to fully understand the total amount of fees paid by the client for investment
and financial-related services.

Portfolio Management Fees

With the exception of portfolio management provided in relation to various fixed income
strategies, the annual fee schedule for portfolio management for portfolios of less than $5,000,000,
based on a percentage of assets under management, is as follows:

                           Fee Rate       Assets Under Management
                           1.25%          of the first $1,000,000
                           1.00%          of the next $1,000,000
                           0.80%          Remaining Balance

With the exception of portfolio management provided in relation to various fixed income
strategies, the annual fee schedule for portfolio management for portfolios of $5,000,000 or more,
based on a percentage of assets under management, is as follows:

                            Fee Rate      Assets Under Management
                            0.80%         First $5,000,000
                            0.60%         of the next $5,000,000
                            0.50%         of the remaining Balance
                            Negotiated    Greater than $20,000,000

The annual fee schedule for portfolio management for portfolios managed consisting solely of
various fixed income strategies, based on a percentage of assets under management, is as follows:

                           Fee Rate       Assets Under Management
                           0.60%          $0-$2,500,000
                           0.55%          $2,500,001-$5,000,000
                           0.50%          $5,000,001-$10,000,000
                           0.45%          More than $10,000,000

The Adviser may, at its discretion, make exceptions to the foregoing or negotiate special fee
arrangements where the Adviser deems it appropriate under the circumstances.

Fees are normally debited directly from client account(s), unless other arrangements are made.

Either the Adviser or the client may terminate their investment advisory agreement at any time,
subject to any written notice requirements in the agreement. In the event of termination, any paid
but unearned fees will be promptly refunded to the client based on the number of days that the
account was managed, and any fees due to the Adviser from the client will be invoiced or deducted
from the client’s account prior to termination.

Sub-Advisory Arrangement Fees

When one or more Managers are utilized in a sub-advisory arrangement, typically the sub-

adviser(s)’ fees will be separate from and in addition to the Adviser’s fee, regardless of whether
the client is participating in the Wrap Program.

Wrap Program Fees

Fees for clients participating in the Wrap Program are charged in accordance with the annual fees
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Item 7 - Types of Clients

The Adviser serves high-net-worth individuals, their families, trusts, foundations, endowments,
retirement plans, and corporate entities, including, but not limited to, family-operated businesses,
and state and municipal governments, as well as the Texas Capital Funds Trust. The minimum
account size for advisory services is $1 million, though the Adviser may permit smaller accounts
in our sole discretion.