The William Allan Corporation

Item 5 Fees & Compensation
We are required to describe our brokerage, custody, fees, and fund expenses so you will know how
much you are charged and by whom for our advisory services provided to you.

A. Description of how we are compensated for our advisory services provided to you.

    (i) Asset Management:

    Our maximum investment advisory fees as a percentage of assets under management is
    1.50% annually. The specific fee to which you are subject will be specified in the Investment
    Adviser Agreement you sign with our firm. Management fees are billed on a pro-rata
    annualized basis quarterly in arrears based on the value of your account on the month end
    average. Fees may be negotiable under certain, limited circumstances and only at the sole
    discretion of advisor. In some cases, clients may be on a different fee schedule in effect at the
    time of their initial engagement with our firm. Fees will generally be automatically deducted
    from your managed account. As part of this process, you understand and acknowledge the
    following:

    a) Your independent custodian sends statements at least quarterly to you showing the market
    values for each security included in the Assets and all disbursements in your account including
    the amount of the advisory fees paid to us;
    b) You provide authorization permitting us to be directly paid by these terms;

    c) If we send a copy of our invoice to you, we send a fee notice to the independent custodian
    at the same time we send the invoice to you; and
    d) If we send a copy of our invoice to you, our invoice includes a legend that urges the client
    to compare information provided in their statements with those from the qualified custodian in
    account opening notices and subsequent statements sent to the client for whom the adviser
    opens custodial accounts with the qualified custodian.

    If you terminate the investment adviser agreement during the quarter, asset management fees will be pro-
    rated over the time the portfolio was managed during the quarter. The valuation period upon termination will
    be from the latest valuation date through the termination date. The minimum fee for asset management
    services is $500 per year.

    (ii) Consulting Services:

    We are compensated in the form of an hourly fee, based on the services provided. The hourly
    fee is $325 per hour, based on the service provided. Clients will be presented with an invoice
    for services rendered. Payment is due within 30 days of the presentation of the invoice.

    (iii) Financial Planning Services:

    We are compensated in the form of an hourly fee, based on the services provided. The hourly
    fee is $325 per hour, based on the service provided. Clients will be presented with an invoice
    for services rendered. Payment is due within 30 days of the presentation of the invoice. If
    you engage our firm for Asset Management services, we may waive all or a portion of the
    Financial Planning fee, at our sole discretion.

B. Description of any other types of fees or expenses clients may pay in connection with our
advisory services, such as custodian fees or mutual fund expenses.

    Clients will incur transaction charges for trades executed in their accounts. These transaction
    fees are separate from our fees and will be disclosed by the firm that the trades are executed
    through. Also, clients will pay the following separately incurred expenses, which we do not
    receive any part of: charges imposed directly by a mutual fund, index fund, or exchange
    traded fund which shall be disclosed in the fund's prospectus (i.e., fund management fees and
    other fund expenses).

C. We must disclose if client's advisory fees are due quarterly in advance. Explain how a client may
obtain a refund of a pre-paid fee if the advisory contract is terminated before the end of the billing
period. Explain how you will determine the amount of the refund.

    We charge our advisory fees quarterly in arrears. If you wish to terminate our services, you
    need to contact us in writing and state that you wish to cancel the advisory agreement. Upon
    receipt of your letter of termination, we will proceed to close out your account and charge you
    a pro-rata advisory fee(s) for services rendered up to the point of termination.

D.Commissionable Securities Sales.

    We do not sell securities for a commission. In order to sell securities for a commission, we
    would need to have our associated persons registered with a broker-dealer. We have chosen
    not to do so.

Item 7 Types of Clients & Account Requirements
We have the following types of clients:
   • Individuals, High Net Worth Individuals, Non-Profits and Trusts, Corporate accounts

Our requirements for opening and maintaining accounts or otherwise engaging us:
    • We generally charge a minimum fee of $500 per year for asset management services.