The Aranda Group Advisors LLC

ITEM 5:      FEES AND COMPENSATION

     A.      Fees Charged

     Asset Management

     Generally, Advisor charges 2% per annum of the net market value of a client’s account managed by
     Advisor. Fees are negotiable, based on the nature of the account. Factors affecting fee percentages
     include the size of the account, complexity of asset structures, and any other unique factors that may
     exist. All clients, but especially those with smaller accounts, should be advised they may receive
     similar services from other professionals for higher or lower overall costs.

     There may be special circumstances in which Advisor arranges a fixed fee for asset management with
     a client. This fixed fee is determined by Advisor and the client, factoring in the nature and size of the
     account and complexity of asset structures.

     Unified Managed Accounts

     Generally, fees for Unified Managed Accounts are 2.00% per annum of the market value of a client’s
     assets in the UMA. While the Overlay Manager and third-party manager charge separate and additional
     fees with respect to client accounts, clients with UMAs pay one fee to Advisor, from which it pays the
     Overlay Manager (Adhesion), third party managers and any account administration fees. Fees are
     negotiable based on the nature of the account. Factors affecting fee percentages include the size of the
     account, complexity of asset structures, and other factors.

     B.      Fee Payment

     Asset Management

     For clients whose assets are managed by the firm, investment advisory fees will be debited directly
     from each client’s account. The advisory fee is paid quarterly, in advance, and the value used for the
     fee calculation is the net value as of the last market day of the previous quarter. For example, if the
     client’s annual fee is 2.00%, each quarter Advisor will multiply the value of the client’s account by
     2.00%, then divide by the number of days in that calendar year and multiply that number by days in
     the quarter to calculate the fee. To the extent there is cash in the account, it will be included in the
     value for the purpose of calculating fees only if the cash is part of an investment strategy. Once the
     calculation is made, Advisor will instruct the account custodian to deduct the fee from the account and
     remit it to Advisor. While almost all of Advisor’s clients choose to have their fee debited from their
     account, Advisor will invoice clients upon request.

     Clients whose fees are directly debited will provide written authorization to debit advisory fees from
     their accounts held by the recommended custodian. Each month, the client will receive a statement
     from their account custodian showing all transactions in their account, including the fee.

     C.      Other Fees

     There are a number of other fees that can be associated with holding and investing in securities. Clients
     will be responsible for fees including transaction fees for the purchase or sale of a mutual fund or
     exchange traded fund, or commissions for the purchase or sale of a stock. Expenses of a fund will not
     be included in management fees, as they are deducted from the value of the shares by the mutual fund
     manager.

     Please make sure to read Item 12 of this informational brochure, where broker-dealer and custodial
     issues are discussed.

     D.      Pro-rata Fees

     If client becomes a client during a quarter, they will pay a management fee for the number of days left
     in that quarter. If clients terminate the relationship during a quarter, they will be entitled to a refund
     of any management fees for the remainder of the quarter. Once the notice of termination is received,
     Advisor will assess pro-rated fees for the number of days between the end of the prior billing period
     and the date of termination to be paid in whatever way clients direct (check, wire). Advisor will cease
     to perform services, including processing trades and distributions, upon termination. Assets not
     transferred from terminated accounts within 30 (thirty) days of termination may be “de-linked”,
     meaning they will no longer be visible to Advisor and will become a retail account with the custodian.

     E.      Compensation for the Sale of Securities.

     This item is not applicable.

ITEM 7:      TYPES OF CLIENTS

     Clients advised may include individuals, families, trusts, non-profit organizations, pensions, and
     businesses. Advisor does not impose a stated minimum fee or minimum portfolio value for starting
     or maintaining an investment advisory relationship.