The Joseph Group LLC

Item 5: Fees and Compensation
We are compensated on a fee-only basis (percentage of account assets) rather than on a
commission basis. We do not receive loads, trading costs, transaction fees, 12b-1 fees, or any
other form of compensation. This eliminates any incentive for us to trade excessively in your
account. Therefore, our goal matches your goal: long-term appreciation of account values.

For Wealth Advisory clients, we typically receive an annual investment advisory fee based on a
percentage of the market value of a client's assets for our discretionary assets under
management in accordance with the following schedule (under certain circumstances the fee
schedule is negotiable):

                     1.0% on the first $1 million of an account's market value;
                     0.8% on the next $1 million;
                     0.6% on the next $2 million;
                     0.4% on the next $2 million;
                     0.2% on the balance.

One-fourth of the above fee schedule is charged each calendar quarter, in advance, based on
the market value of your account as of the last day of the prior calendar quarter. In cases
where the custodian (e.g., Charles Schwab & Co., Inc.) allows us to deduct fees from your
account, we request you authorize us to invoice the custodian and deduct those fees from your
account each quarter. However, there are cases where a custodian will not allow us to deduct
fees, and in these instances (or if you request to be direct billed), you may be billed directly
each quarter.

Although rare, we may charge fixed rate fees to some clients based on the type of service
provided.

We reserve the right to negotiate our investment management fees. You may pay more or less
than others depending on certain factors, including but not limited to, the type and size of the
account, the range of additional services provided to you, complexity of the engagement and
the total number of assets managed for you. The fees we charge for investment management
services are specified in your investment management agreement with us.

Because we receive our fee for discretionary managed assets in advance each calendar
quarter, if you or we terminate the investment management agreement in writing, TJG provides
a prorated refund of the quarterly fee taken for the days remaining in the quarter after date of
termination.

Fees charged to our group retirement plan clients are an annual flat percentage of assets or on
a tiered schedule (as a percentage of assets) and negotiated on a plan-by-plan basis. The fees
are charged in arrears and may be taken monthly or quarterly (depending upon the
investment/recordkeeping platform) and are based on the assets under management as of the
last day of the previous month or quarter. The fees we charge group retirement plan clients for
services are specified in their agreement with us.

All other financial management services we make available to you, such as financial,
retirement, and estate planning consulting are typically provided at no additional charge.

Custodian Charges-Additional Fees. As discussed in Item 12 below, when requested to
recommend a broker-dealer/custodian for client accounts, we generally recommend Charles
Schwab & Co., Inc. (“Schwab”) serve as the broker-dealer/custodian for client investment
management assets. Broker-dealers such as Schwab may charge brokerage commissions,
transaction, and/or other type fees for effecting certain types of securities transactions (i.e.,
transaction fees for certain mutual funds, mark-ups and mark-downs charged for fixed income
transactions, etc.). The types of securities for which transaction fees, commissions, and/or
other type fees (as well as the amount of those fees) shall differ depending upon the broker-
dealer/custodian. While certain custodians, including Schwab, do not typically charge fees on
individual equity transactions (with exceptions) and certain ETFs, others do. There can be no
assurance that Schwab will not change its transaction fee pricing in the future. These
fees/charges are in addition to The Joseph Group’s investment advisory fee discussed in Item
5 above. The Joseph Group does not receive any portion of fees/charges assessed by any
broker-dealer/custodian.

Sub-adviser-Additional Fees. As discussed in Item 8 below, we engage a sub-adviser (i.e.,
O’Shaughnessy Asset Management, LLC (“OSAM”) using CANVAS®) only for our Direct
Indexing investment strategy. The annual investment advisory fee of OSAM for this strategy is
as noted in their Form ADV and is in addition to TJG’s advisory fee.

The Joseph Group’s Chief Compliance Officer, Jodi Picetti, remains available to address
any questions that a client or prospective client may have regarding material contained in

this document, any corresponding perceived conflict of interest, or any other matter. She
may be reached at the phone number and/or address on the cover page of this document.

Item 7: Types of Clients
Our clients typically include individuals, families, businesses (including retirement plans), trusts,
and charities. We request minimum assets of $500,000 from new clients; however, we may
waive that minimum at our discretion. At our sole discretion, we may charge a lesser
investment advisory fee, waive the asset minimum and/or charge a flat fee based upon certain
criteria (e.g., anticipated future earning capacity, anticipated future additional assets, dollar
amount of assets to be managed, related accounts, account composition, competition,
negotiations with client, etc.). As a result of the above, similarly situated clients could pay
different fees. In addition, similar advisory services may be available from other investment
advisers for similar or lower fees.