Titanium Advisors LLC

Item 5 – Fees and Compensation

Each client must enter into a written agreement with the firm which will state all of the relevant terms, including
the services to be provided and the fees to be charged. Services provided and fees payable will be detailed in
the written agreement with the client. Fees are negotiable in the Advisor’s sole discretion:
Financial Planning Services: The Advisor provides one‐time financial planning services on a fixed fee
arrangement that usually costs from $3,000 to $5,000. The Advisor also provides ongoing financial planning
services on a fixed fee basis that usually costs between $2,500 and $7,500 per quarter. Fixed fees vary based
upon the complexity of the client’s issues and the anticipated number of hours estimated to provide the
requested services.

On occasion, the Advisor will provide financial planning advice as to one or more discreet issues on an

hourly basis. In such cases, the fee will be assessed at a rate of $300 per hour, billed in six‐minute
increments, and a partial increment will be treated as a whole. The number of hours to complete the
delivery of advice will depend upon the level and scope of services required.

Fees for one-time financial planning services are due upon delivery of the plan or advice. Fixed fees for
ongoing financial planning services are due quarterly, in arrears. At the Advisor’s discretion, a portion of the
financial planning fee may be credited against future investment management fees. If applicable, such credit
amount will be specified in the agreement.

Qualified Plan Advisory Fees: Our qualified plan advisory engagements typically begin with a complimentary
60‐minute meeting with the retirement plan sponsor to conduct a preliminary assessment of the investment
menu available to participants and any ERISA compliance issues which may exist. We then submit a fixed fee
proposal to analyze the specific issues identified and prepare recommendations. If the plan sponsor desires to
engage Titanium Advisors, LLC to implement the recommendations or otherwise continue to provide ERISA
investment advice, a new agreement would be executed defining the exact scope of work and compensation
structure (i.e., fixed price, retainer, and/or percentage of plan assets).

Portfolio Management Services Fees: For portfolio management services, the Advisor charges an annual fee
equal to 0.59% (59 bps) of the market value of the client’s accounts under its management plus 0.40% (40 bps)
of the market value of Held‐Away Accounts. The Advisor also charges an annual fee for Section 529 Plan
accounts equal to 0.25% (25 bps) of the market value of such accounts. The minimum aggregate quarterly fee
is $2,500 for new clients. Portfolio management fees are payable quarterly, in arrears, based upon the average
daily market value during the reporting period.

Provided, however, for Held-Away Accounts, the quarterly fee shall be based upon the account balance on the
last day of the calendar quarter.

Investment Consulting Fees: In the limited circumstances that the Advisor provides only occasional investment
consultation services to a client, the Advisor charges a fixed annual fee, the terms which are determined on a
case-by-case basis.

Generally, the client authorizes the account’s custodian to deduct the Advisor’s advisory fees directly from
client accounts and all such fees will be clearly noted on client statements. The Advisor will promptly send
the client an invoice for the fees deducted. The notice will include the total fee assessed, covered time
period, calculation formula utilized, and reference to the assets upon which the fee had been based. It is
important that the client verifies the accuracy of fee calculations; the custodian will not verify the accuracy of
advisory fee calculations.

For accounts where the client does not authorize the deduction of fees directly from the account, clients will
be directly billed and fees will be due in full within 15 days of receipt of the Advisor’s invoice.

Additional information about our fees in relation to our operations may be found in Item 12.

No Other Compensation
The financial planning and advisory fees paid by clients are the Advisor’s sole source of compensation.

Other Costs Involved
In addition to the fees paid to the Advisor, clients with portfolio management accounts will incur other fees and
expenses associated with their accounts. Such fees and expenses include:

   •   Management, custodial, trading and administrative fees and expenses paid by the mutual funds and
       ETFs in the portfolio. These fees and expenses are disclosed in the fund’s prospectus.
   •   Brokerage costs, transaction and administrative fees and custodial fees charged by the client’s broker
       or custodian. The fees are disclosed in the custodial agreements for each account.

Under no circumstances will the Advisor earn fees in excess of $1,200 more than six months in advance
of services rendered.

Termination of Services
Either party may terminate the agreement at any time by communicating the intent to terminate in writing.
The Advisor will not be responsible for investment allocation, advice or transactional services (except for
limited closing transactions) upon receipt of a termination notice. It will also be necessary that we inform the
custodian of record that the relationship between parties has been terminated.

A new client may terminate an agreement with the Advisor within five business days after the signing of the
agreement without fee or penalty. Thereafter, the fee shall be prorated through the date of termination and
due upon delivery of the Advisor’s invoice.

Item 7 – Types of Clients

The Advisor’s services are available to individuals (including high net worth individuals), pension and profit‐
sharing plans, foundations, charitable organizations, and business entities. The Advisor does not impose a
minimum account size for its investment supervisory services, but it may charge a minimum quarterly fee as
noted in Item 5.

Financial planning engagements, where an hourly or fixed fee is paid, do not require minimum dollar value of
assets or other conditions.