Turloff Financial Consulting Inc

Item 5 – Fees and Compensation

Description
     Turloff Financial Consulting, Inc bases its fees for Discretionary Asset Management
     Services on a percentage of assets under management as stated below.
     Discretionary Asset Management service is 0.6% annually of the first $500,000 of assets
     placed under our management and 0.3% over $500,000. The minimum quarterly fee is $750.
     Unless otherwise agreed, cash and cash equivalent positions are included in the client’s assets
     under management for the purpose of calculating our fee and no adjustments are made for
     account deposits and withdrawals made during the fee period. Please Note: If a client is
     accepted with less than $500,000 in assets under management and is subject to our minimum
     quarterly fee of $750, the client’s effective fee rate will exceed the 0.60% noted above.
     Turloff Financial Consulting, Inc, at its sole discretion, may waive or reduce its minimum fee
     requirement and/or charge a lesser advisory fee based upon certain criteria (e.g., historical
     relationship, type of assets, anticipated future earning capacity, anticipated future additional
     assets, dollar amount of assets to be managed, related accounts, account composition,
     negotiations with clients, etc.). As a result, similarly-situated clients may pay different fees.
     When not provided as part of a Discretionary Asset Management agreement, Financial
     Planning Services are based on hourly charges and fixed fees. Financial plans are priced
     according to the degree of complexity associated with the client’s situation. The fee estimate
     is based upon the time necessary to complete each task at an hourly rate of $250; however,
     rates are subject to negotiation. Clients will be provided with a fee estimate prior to beginning
     work.
     Please Note: Lower fees for comparable services may be available from other sources.

Fee Billing
     A. Financial Planning Services
     When Financial Planning services are combined with Discretionary Asset Management,
     Financial Planning is included in the client’s asset-based fee. When Financial Planning is
     provided on a standalone basis, such services are generally provided on an hourly rate basis
     of $250 per hour. Assuming the financial planning work is to be completed within six months,
     a 50% deposit may be required at contract signing. The balance is payable upon delivery of
     the financial plan. If at the end of six months the work is not completed, then the unused
     portion of the deposit will be refunded.
     B. Discretionary Asset Management
     Clients may elect to have the Registrant’s advisory fees deducted from their custodial
     account. Asset management fees are billed quarterly, in arrears, meaning that clients are
     invoiced after the three-month billing period has ended, based on the market value of assets

Turloff Financial Consulting, Inc.

     under our management as of the last business day of the billing period. Payment in full is
     expected upon invoice presentation. Fees are usually deducted from a designated client
     account to facilitate billing. The client must consent in advance to direct debiting of their
     investment account. If Turloff Financial Consulting, Inc is unable to deduct the fees from the
     account, the client must issue payment upon notification. Turloff Financial Consulting, Inc
     reserves the right to extend the due date.

Other Fees
     As discussed below, unless the client directs otherwise or an individual client’s circumstances
     require, Turloff Financial Consulting shall generally recommend that Charles Schwab & Co.
     Inc. (“Schwab”) serve as the broker-dealer/custodian for client investment management
     assets. Broker-dealers such as Schwab charge brokerage commissions, transaction, and/or
     other type fees for effecting certain types of securities transactions (i.e., including transaction
     fees for certain mutual funds, and mark-ups and mark-downs charged for fixed income
     transactions, etc.). The types of securities for which transaction fees, commissions, and/or
     other type fees (as well as the amount of those fees) shall differ depending upon the broker-
     dealer/custodian. While certain custodians, including Schwab, generally (with the potential
     exception for large orders) do not currently charge fees on individual equity
     transactions(including ETFs), others do. There can be no assurance that Schwab will not
     change their transaction fee pricing in the future. Schwab may also assess fees to clients who
     elect to receive trade confirmations and account statements by regular mail rather than
     electronically.

     Brokers and/or custodians may also assess platform fees on client accounts. These platform
     fees are typically assessed on either a flat fee basis or as a percentage of client assets and may
     be incurred by either the client or Turloff Financial Consulting. To the extent such platform
     fees are incurred by Turloff Financial Consulting, the portion of the platform fee attributable
     to the client will be added to the client’s invoice for Turloff Financial Consulting’s services.
     Turloff Financial Consulting will only include this amount on client invoices as a means of
     recouping its cost, and Turloff Financial Consulting will not retain any portion of this fee.
     Turloff Financial Consulting, Inc utilizes the mutual funds and exchange traded funds issued
     by Dimensional Fund Advisors (“DFA”). DFA funds are generally only available through
     registered investment advisers approved by DFA. Thus, if the client was to terminate Turloff
     Financial Consulting, Inc’s services, and transition to another adviser who has not been
     approved by DFA to utilize DFA funds, restrictions regarding additional purchases of, or
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Item 7 – Types of Clients

Description
     Turloff Financial Consulting, Inc generally provides investment advice to
     individuals, high net worth individuals, trusts, and estates.

Turloff Financial Consulting, Inc.

     Client relationships vary in scope and length of service.

Account Minimums
     Turloff Financial Consulting, Inc does not impose an account minimum. Clients receiving
     ongoing asset management services will be assessed a $750 minimum quarterly fee.