Toomey Investment Management Inc

Item 5: Fees and Compensation

                   INDIVIDUAL MODEL PORTFOLIO MANAGEMENT FEES

Our annual fees for Investment Supervisory Services are based upon a percentage of assets under
management and generally range from .40% to 2.00%.

Limited Negotiability & Calculation of Advisory Fees: TIMI has established the aforementioned fee
range and we retain the discretion to set and negotiate fees on a client-by-client basis. Client facts,
circumstances and needs will be considered in determining the fee schedule. These include the
complexity of the client, assets to be placed under management, anticipated future additional assets,
related accounts, portfolio style, account composition and reports, among other factors. The specific
annual fee will be identified in the contract between the adviser and each client. Advisory fees are
calculated using the value of the account on the last day of the prior calendar quarter and are billed in
advance for the next calendar quarter. (See "General Information", below)

We may group certain related client accounts for the purposes of achieving the minimum account size
requirements and determining the annualized fee.

Discounts, not generally available to our advisory clients, may be offered to family members and
friends of associated persons of our firm.

                                   PENSION CONSULTING FEES

We charge an annual fee for Pension Consulting Services, which ranges from .40% to 2.95% of plan
assets depending on the services requested and the size of the plan.

TIMI offers several fee options. TIMI may be compensated based on an annual percentage of plan
assets for services involving ongoing reviews, or it may be compensated by an hourly fee or fixed fee.
Alternatively, these different types of fees may also be combined as appropriate for the different types
of services requested by the client.

Typically, the annual fee ranges from .40% to 2.95% of plan assets depending on the services requested
and the size of the plan. Fees will be based upon the value of the plan at the end of the previous period.
Fees will not be adjusted based on additions and withdrawals during the calendar quarter.

TIMI’s hourly charges range from $50 to $400 per hour. A fixed fee may be quoted based on an
estimate of hours for the services requested. TIMI may request a retainer for hourly and fixed fee
arrangements. The amount of requested retainer will never exceed the fee for services to be provided
within the first six months of an engagement.

Pension Consulting Services may be charged as a fixed fee, negotiated on a case-by-case basis.
Overall factors to be considered will include the services requested and the size of the plan. TIMI’s
fixed fees range from $1,000 to $5,000.
Plan sponsors are invoiced in advance at the beginning of each calendar quarter or if a fixed fee,
pursuant to the schedule in the fixed agreement.

                                   FINANCIAL PLANNING FEES

TIMI’s Financial Planning fee will be determined based on the nature of the services being provided
and the complexity of each client’s circumstances. All fees are agreed upon prior to entering into a
contract with any client.

Our Financial Planning fees are calculated and charged on an hourly basis, ranging from $50 to $400
per hour. Although the length of time it will take to provide a Financial Plan will depend on each
client’s personal situation, we will provide an estimate for the total hours at the start of the advisory
relationship.

Our Financial Planning fees may be calculated and charged on a fix fee basis, typically ranging from
$500 to $5000, depending on the specific arrangement reached with the client.

We may request a retainer upon completion of our initial fact-finding session with the client; however,
advance payment will never exceed $500 for work that will not be completed within six months. The
balance is due upon completion of the plan.

Financial Planning Fee Offset: TIMI reserves the discretion to reduce or waive the hourly fee and/or
the minimum fixed fee if a financial planning client chooses to engage us for our Portfolio
Management Services.

The client will be billed quarterly in arrears based on actual hours accrued.

                                     GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either
party, for any reason. As disclosed above, certain fees are paid in advance of services provided. Upon
termination of any account, including the death of the account holder, any prepaid, unearned fees will
be refunded. In calculating a non-decedent client’s reimbursement of fees, we will pro rate the
reimbursement according to the number of days remaining in the billing period. For decedent\estate
account termination, unearned fees will be pro rated from the date(s) of final distributions from the
account(s) up to the end of the billing period.

Mutual Fund Fees: All fees paid to TIMI for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or EFTs to their shareholders. These fees and
expenses are described in each fund’s prospectus. These fees will generally include a management fee,
other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client
may pay an initial or deferred sales charge. A client could invest in a mutual fund directly, without our
services. In that case, the client would not receive the services provided by our firm which are
designed, among other things, to assist the client in determining which mutual fund or funds are most
appropriate to each client’s financial condition and objectives. Accordingly, the client should review
both the fees charged by the funds and our fees to fully understand the total amount of fees to be paid
by the client and to thereby evaluate the advisory services being provided.
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Item 7: Types of Clients

TIMI may provide advisory services to the following types of clients:
   • Individuals (other than high net worth individuals)
   • High net worth individuals
   • Pension and profit sharing plans (other than plan participants)
   • Charitable organizations
   • Corporations or other businesses not listed above