TRG Investment Advisors LLC

Item 5: Fees & Compensation

Compensation for Our Advisory Services

Wrap Comprehensive Portfolio Management:

Please see our Wrap Fee Program Brochure for information regarding our fees and compensation for
Wrap Comprehensive Portfolio Management services.

Asset Management:

Asset Management services are limited to friends and family. It is important to note that we do not
assess advisory fees for this service.

529 Account Management:

The maximum annual fee charged for this service will not exceed 0.6%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
rata basis quarterly in advance based on the value of the account(s) on the last day of the previous
quarter. Advisory fees for this service will be debited from the 529 account by American Funds and
paid directly to our firm. As part of this process, Clients understand the following:

         a) The client’s independent custodian sends statements at least quarterly showing the
            market values for each security included in the Assets and all account disbursements,
            including the amount of the advisory fees paid to our firm;
         b) Clients will provide authorization permitting our firm to be directly paid by these terms.

ADV Part 2A – Firm Brochure                    Page 5                                 TRG Investment Advisors

529 Account Management:

The maximum annual fee charged for this service will not exceed 0.6%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-
rata basis quarterly in advance based on the value of the account(s) on the last day of the previous
quarter. Advisory fees for this service will be debited from the 529 account by American Funds and
paid directly to our firm. As part of this process, Clients understand the following:

    a) The client’s independent custodian sends statements at least quarterly showing the market
       values for each security included in the Assets and all account disbursements, including the
       amount of the advisory fees paid to our firm;
    b) Clients will provide authorization permitting our firm to be directly paid by these terms.

Other Types of Fees & Expenses

Non-Wrap Clients will incur transaction fees for trades executed by their chosen custodian, either
based on a percentage of the dollar amount of assets in the account(s) or via individual transaction
charges. These transaction fees are separate from our firm’s advisory fees and will be disclosed by
the chosen custodian. Raymond James does not charge transaction fees for U.S. listed equities and
exchange traded funds.

Clients may also pay holdings charges imposed by the chosen custodian for certain investments,
charges imposed directly by a mutual fund, index fund, or exchange traded fund, which shall be
disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, surrender charges, variable annuity fees, IRA and qualified retirement plan fees, mark-ups and
mark-downs, spreads paid to market makers, fees for trades executed away from custodian, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions. Our firm
does not receive a portion of these fees. Wrap clients will not incur transaction costs for trades by
their chosen custodian. More information about this can be found in our separate Wrap Fee Program
Brochure.

Termination & Refunds

Either party may terminate the advisory agreement signed with our firm Wrap Comprehensive
Portfolio Management or 529 Account Management services in writing at any time. Upon notice of
termination our firm will process a pro-rata refund of the unearned portion of the advisory fees
charged in advance.

Asset Management clients can terminate their services at any time.

Commissionable Securities Sales

Our firm and representatives do not sell securities for a commission in advisory accounts.

Item 7: Types of Clients & Account Requirements

Our firm has the following types of clients:

    •    Individuals and High Net Worth Individuals;
    •    Trusts, Estates or Charitable Organizations;
    •    Pension and Profit Sharing, Defined Contribution and Defined Benefit Plans;
    •    Corporations, Limited Liability Companies and/or Other Business Types

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • Our firm requires a minimum account balance of $300,000 for our Wrap Comprehensive
       Portfolio Management service. This minimum account balance may be waived on a case-by-
       case basis.
   • Retirement Plan Consulting clients are charged a minimum flat fee of $3,500.