The Oak Ridge Financial Services Group Inc

Item 5 - Fees and Compensation
 Separately Managed Accounts

 A separately managed account is an investment portfolio owned by an investor and managed by a
 professional investment firm—typically registered investment advisors (RIA). Although separate
 accounts are usually opened through a brokerage or financial advisor, they may also be held at a bank
 or opened with an insurance company. Third party managers establish their fee schedules
 independently. Fees charged by third party managers are disclosed in the third-party manager’s
 Advisory Agreement and/or Brochure. Third party managers collect the total advisory fee
 and remit a portion of the fee to Oak Ridge. In some cases, Oak Ridge charges advisory fees
 directly to the client for assets managed by a third-party manager. Fees can be charged
 monthly/quarterly in advance or in arrears based upon the value of the assets under
 management. Fees payable to Oak Ridge are disclosed in the Agreement and will vary from
 0.25% to 2.25% on managed assets, not to exceed the maximum cumulative fee of 2.50%.

Financial Planning

Oak Ridge offers financial planning on both a fixed fee and an hourly fee basis. Fees are
negotiable based upon the complexity of the client’s financial situation and the requested
services. Fixed fees range from $500 to $3,000. Hourly fees range from $150 to $350
payable upon execution of the Agreement with the IAR. A financial plan is required to be
delivered to the client. Clients may terminate the Agreement and receive a full refund of any
pre-paid fees at any time up until the presentation of the financial plan to the client.

Additional Information Regarding Fees

The following applies to all fee schedules:

•    If the account is opened or is terminated during a quarter, the client pays a prorated fee
     based on the period of time during the quarter that the account was open and will
     receive a prorated refund of any unearned fees paid in advance. Clients may add cash to
     and withdraw funds from their account(s) at any time. Oak Ridge reserves the right to
     charge a prorated fee with respect to any material addition of assets during any quarter.
•    Clients may elect to have the quarterly fee deducted automatically from their account. To
     make this election, clients are required to provide written authorization. Clients will
     receive an account statement directly from the custodial broker dealer maintaining their
     account(s) with the management fee withdrawal clearly noted.
•    If client assets are invested in mutual funds (including money market funds), unit
     investment trusts, annuities or similar investment vehicles, the client’s account will bear
     its proportionate share of the fees (including advisory fees) and internal management
     expenses of such investment vehicles, as well as any applicable sales loads. These fees
     are set forth in the product prospectus. Clients who invest in these types of investment
     vehicles will therefore pay two levels of advisory fees on these assets – one to the firm
     managing the assets and one to the investment vehicle’s adviser.
•    Oak Ridge’s fees are exclusive of brokerage commissions, transaction fees, termination
     fees and other related costs and expenses which shall be incurred by the client. In
     addition, clients may incur certain charges imposed by custodians, brokers, and other
     third parties, such as fees charged by managers, custodial fees, odd-lot differentials,
     transfer taxes, wire transfer fees, etc.

The Agreement between Oak Ridge and each client may be terminated by either party by
written notice given to the other party at least 30 days prior to the date on which the
termination is to take place. Upon termination of any account, any prepaid, unearned fees
will be promptly refunded, and any earned, unpaid fees will be due and payable. If
termination occurs within five business days of entering into an Agreement, the client shall
be entitled to a full refund of advisory fees paid.

Item 7 - Types of Clients
Oak Ridge services the investment management needs of individuals, trusts, estates, and
institutional clients (corporations, partnerships, foundations, or other business entities). Oak
Ridge does not require a minimum account size to establish an advisory relationship.

In some cases, third party managers have account minimums that must be met before they will
accept a client’s assets and provide investment management services.