Valley National Advisers Inc

Fees and Compensation

                                                                                         Form ADV Part 2A, Item 5

Valley National Advisers Inc. offers the following Discretionary Fee Schedule

Annual rate as a percentage of client’s average account asset value and asset class:

                                     % of Assets
Chargeable Assets
.01 to $1,000,000                              1.00%
$1,000,000.01 to $2,000,000                    0.85%
$2,000,000.01 to $5,000,000                    0.75%
$5,000,000.01 to $10,000,000                   0.55%
$10,000,000.01 and above                       0.40%

Valley National Advisers Inc. considers cash to be an asset class, therefore chargeable assets under
management include cash balances in our fee calculation which may exceed current money market yields.

Minimum assets under management for NEW relationships is $500,000.00.

Accounts managed and held direct at American Funds:
These accounts are subject to an annual percentage, not to exceed 1%, and are calculated using an average daily
balance and are billed in arrears on a quarterly basis.

Accounts managed and held direct at Nationwide Advisory Solutions:
These accounts are subject to an annual percentage, not to exceed 1%, and are calculated using an average daily
balance and are billed in arrears on a monthly or quarterly basis.

The annual rate based on the Fee Schedules are negotiable fees. An associated person to the Firm may receive a
sales charge on the sale of loaded funds. Also, mutual funds will be subject to fund operating expenses in
addition to the regular fee to Firm. The firm will recommend no load or load waived funds.

Flourish Cash:
VNA receives an admin/service annual fee of 0.10% of the value of the Client’s Flourish Cash account if a
client participates in the cash management program from Flourish. This fee is deducted from the Client’s
overall APY. This fee is not negotiable. This account is separate from VNA’s portfolio management fee.

If applicable: Please Note-Accrued Interest/Dividends: The market value reflected on periodic
account statements issued by the account custodian may differ from the value used by VNA for its
advisory fee billing process. VNA includes the accrued value of certain month or quarter-end interest
and/or dividend payments when calculating client advisory fees, which amounts may not yet be
reflected on the custodian statement as having been received by the account.

Fee Dispersion. VNA, in its discretion, may charge a lesser or higher investment advisory fee, charge a flat
fee, waive applicable minimum asset or minimum fee levels, waive its fee entirely, or charge fees on a different
interval, based upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related accounts, account composition, complexity of the engagement,
anticipated services to be rendered, grandfathered fee schedules, employees and family members, courtesy
accounts, referrals from existing clients, competition, negotiations with client, etc.). Please Note: As result of

the above, similarly situated clients could pay different fees. In addition, similar advisory services could be
available from other investment advisers for similar or lower fees.

If separately managed accounts are utilized, the firm uses Charles Schwab Select Access as a sub-adviser in
recommending, selecting, and monitoring one or more affiliated or unaffiliated sub-advisers with which Charles
Schwab has entered into a sub-advisory agreement. The firm selects the appropriate portfolio manager(s) on the
Schwab platform, based upon the client’s financial needs and investment objectives. Schwab also establishes
custodial facilities, monitors performance of portfolio managers, provides clients with performance accounting
and other administrative services, and assists portfolio managers with certain trading activities.

Managed Accounts Fee Schedule
Separately Managed Account Program- when applicable, the fee schedule for a chosen program will be
reviewed with the client prior to selecting such program as Separately Managed Account manager’s fees may
change from time to time.

                                               Other Compensation

Valley National Advisers may be asked to review retirement plans or outside managed portfolios for clients. In
these cases, fees for these services are 1% per year of the total portfolio assets as calculated monthly or
quarterly, as agreed, and paid monthly or quarterly as services are rendered.

Financial evaluations may also be performed when a client’s needs relate to a specific financial area mentioned
above as opposed to a comprehensive financial plan. Fees for a financial analysis will range from $200/hour to
$500/hour.

Firm’s engagement letter will provide that a client may terminate the engagement within five (5) business days
without penalty and be entitled to a refund of any fees paid in advance. If advisory client wishes to terminate
the relationship with Firm after five (5) days a partial refund will be made of the fee paid. The refund will be
prorated for the portion of engagement not completed or period in which services would not be rendered.

Services provided not involving securities are income tax planning, computer-assisted estate analysis, and
financial planning services; also, business-financial planning – including marketing and strategic planning, and
pension and business valuations. Tax planning will consist of explaining tax law changes, calculating year-end
liabilities. Fees will be charged at the rate of $90/hour to $500/hour, depending on the complexity. Fees for
these services will generally be payable as follows: ½ upon signing engagement letter, ½ upon Firm’s
furnishing the completed report to client.

                                            Institutional Fee Schedule
...

Types of Clients

                                                                                         Form ADV Part 2A, Item 7

Valley National Advisers Inc. provides advisory services to the following types of clients:
    • Individuals
    • Pension Plans
    • Profit Sharing Plans
    • Trusts
    • Estates
    • Charitable organizations
    • Corporations and other business entities.
    • Government Entities

Fee Dispersion. VNA, in its discretion, may charge a lesser or higher investment advisory fee, charge a flat
fee, waive applicable minimum asset or minimum fee levels, waive its fee entirely, or charge fees on a different
interval, based upon certain criteria (i.e. anticipated future earning capacity, anticipated future additional assets,
dollar amount of assets to be managed, related accounts, account composition, complexity of the engagement,
anticipated services to be rendered, grandfathered fee schedules, employees and family members, courtesy
accounts, referrals from existing clients, competition, negotiations with client, etc.). Please Note: As result of
the above, similarly situated clients could pay different fees. In addition, similar advisory services could be
available from other investment advisers for similar or lower fees.

                         Methods of Analysis, Investment Strategies and Risk of Loss

                                                                                       Form ADV Part 2A, Item 8

Fundamental, technical, and cyclical analysis will be used as methods of securities analysis.

Long term purchases (securities held at least a year), short term purchases (securities held less than a year),
trading (securities sold within 30 days) and margin transactions will be used as investment strategies.

Different types of investments involve varying degrees of risk, and it should not be assumed that future
performance of any specific investment or investment strategy (including the investments and/or investment
strategies recommended or undertaken by Valley National Advisers Inc.) will be profitable or equal any
specific performance level(s).

All investments carry associated risk of loss.