W&S Brokerage Services Inc

Fees and Compensation

You will pay asset-based fees for each W&S Wealth Solutions account you open (the “W&S
Wealth Solutions Fee”), less any applicable fee reduction (as discussed more fully below). The
W&S Wealth Solutions Fee will be deducted from your account quarterly.

In addition to your W&S Wealth Solutions Fee, the Program Funds in which your account invests
have internal fees and expenses that are described in the prospectus of each pertinent Program
Fund. These internal fees and expenses vary depending upon the particular Program Fund.

W&S Wealth Solutions Fee

The W&S Wealth Solutions Fee is an asset-based fee for certain investment advisory services,
including:

   •   Investment model construction and ongoing asset allocation guidance to distribute your
       money appropriately across different asset classes;
   •   Custodial and clearing services provided by Pershing, LLC (“Pershing”), an unaffiliated
       fully disclosed clearing firm for W&SBS, as clearing firm and custodian;
   •   Transaction costs and fees for trades, all of which are executed through Pershing;
   •   Ongoing due diligence, monitoring and portfolio management;
   •   Dynamic rebalancing so that your portfolio stays aligned with your investment goals and
       appropriate level of risk;
   •   Quarterly performance reports;
   •   Upon your request and instructions to Pershing, systematic additions/withdrawals within
       your W&S Wealth Solutions account at Pershing, customized to your needs; and
   •   Ongoing personal investment advice and service from your W&SBS financial advisor.

The amount of the W&S Wealth Solutions Fee will depend on the market value of your W&S
Wealth Solutions account.

                                      Value of           Annual Fee Rate
                                      Assets in
                                      Account
             First                $250,000             1.50%
             Next                 $250,000             1.40%
             Next                 $250,000             1.30%
             Thereafter                                1.10%

The following minimum quarterly fee applies:
   •   For an account with an Investment Objective of Total Return, Income Oriented, Socially
       Conscious and Tax Aware, the minimum quarterly fee is $500 for a full quarter.
   •   For an account with an Investment Objective of EnFocus™, the minimum quarterly fee is
       $250 for a full quarter.
   •   For a Companion Account (defined in Item 5 below) with an Investment Objective of
       EnFocus™, the minimum quarterly fee is $75 for a full quarter.

How the W&S Wealth Solutions Fee Is Calculated and Paid

The W&S Wealth Solutions Fee is based on the market value of all assets held in your account,
including cash, cash equivalents, and shares of affiliated mutual funds, unaffiliated mutual funds,
affiliated exchange traded funds, unaffiliated exchange traded funds, and third-party money
market funds. The W&S Wealth Solutions Fee is comprised of fees assessed at annual rates
(shown above). As the value of the assets in your account increases or decreases, you are charged
according to the applicable tiered fee schedule set forth above.

The W&S Wealth Solutions Fee will reduce the account’s overall returns and performance.

The W&S Wealth Solutions Fee is charged to your account each quarter, in advance. If your W&S
Wealth Solutions account is opened for part of a quarter, then your W&S Wealth Solutions Fee
will be prorated based on the number of days your account has been open and invested in the
W&S Wealth Solutions. The amount you pay is determined by the market value of the assets in
your account as of the last business day of the previous calendar quarter.

Upon instruction to Pershing, you may also withdraw assets from your W&S Wealth Solutions
account at any time, subject to the usual and customary settlement procedures. All withdrawals
are first funded from the amount in your cash or money market funds in your account. If the
amount maintained in cash or money market funds is not enough to meet a withdrawal request,
the remaining amount of the withdrawal request will be satisfied by redeeming other investments
held in your account. Withdrawals may have tax consequences such as capital gain taxes, or may
be subject to other charges assessed by mutual fund companies or Pershing.

The W&S Wealth Solutions Fee is deducted directly from your W&S Wealth Solutions account
and paid using the cash portion of the Wealth Solutions Model in which you are invested, which
may include cash or assets invested in a money market fund. If there is insufficient cash or assets
in the money market fund, we are authorized to sell a sufficient amount of assets to pay the W&S
Wealth Solutions Fee. If W&SBS sells assets, this may trigger a rebalance of your account. Such
transactions will be effected without regard for tax consequences. You will likely have to pay
redemption fees to the pertinent mutual fund company if those shares were held for only a short
time. (See below for more information on redemption fees.) Trades as a result of a liquidation of
a mutual fund in a taxable account may result in a taxable event.

Other Fees and Expenses
Internal Fees and Expenses of the Program Funds; Possible Redemption Fees. Each Program
Fund (including the Proprietary Funds) has internal management fees and ongoing expenses that
are deducted from the Program Fund’s assets, which has the effect of reducing the Program
Fund’s net asset value (“NAV”). These are the standard fees and expenses that all fund
shareholders pay. Internal Program Fund fees and expenses vary depending on the particular
Program Fund. Many Program Funds used in the W&S Wealth Solutions have different share
classes with different internal expenses. The prospectus for each Program Fund will describe the
standard fees and expenses and the internal fees and expenses. Expenses may include fees paid
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Types of Clients

W&SBS offers clients a range of financial services. The W&S Wealth Solutions may not be
appropriate for every client or every account type. Generally, the W&S Wealth Solutions is
available only to residents or entities of the United States and certain U.S. territories with the
following types of accounts: individual; joint; trusts; charitable organizations; corporations and
other business structures; traditional IRAs and Roth IRAs; and Benefit Plans. Benefit Plans
include an owner-only 401(k) plan, a Savings Incentive Match Plan for Employees (“SIMPLE”)
IRA, a Simplified Employee Pension (“SEP”) IRA, and other eligible plans.

W&SBS can prohibit any person or entity from investing or remaining in the W&S Wealth Solutions
for any reason, including if we do not believe it is an appropriate investment strategy for that
person or entity. As a general rule, you should not invest in the W&S Wealth Solutions if you want
to actively trade in mutual funds or have a time horizon shorter than three years.

Requirements to Open or Maintain an Account

The initial investment in your W&S Wealth Solutions account is as follows:
   •   For an account with an Investment Objective of Total Return, Income Oriented, Socially
       Conscious and Tax Aware, the initial investment generally must be at least $250,000.
   •   For an account with an Investment Objective of EnFocus™, the initial investment generally
       must be at least $75,000.
   •   For a Companion Account with an Investment Objective of EnFocus™, the initial
       investment generally must be at least $30,000. A “Companion Account” is an account
       that is associated with at least one other primary W&S Wealth Solutions account owned
       by a person that resides within the same household as the Companion Account owner,
       where the primary account meets the above noted minimum account levels. Household
       is defined as the same primary address.

You can fund your W&S Wealth Solutions account with cash, mutual funds, or exchange traded
funds. For all account types, if you transfer mutual funds and/or exchange traded funds into your
W&S Wealth Solutions account and those funds are shares of one or more Program Funds within
your Wealth Solutions Model, the funds may or may not be liquidated as above, depending upon
factors such as the share class and values of the funds you transfer in and the type and values
required by your Wealth Solutions Model at the time of the transfer. Any funds you transfer into
your account that are not Program Funds within your Wealth Solutions Model will be liquidated
and the proceeds invested as described above.

You may add or withdraw funds from your account upon request to the custodian. Additions and
withdrawals from your account may result in W&SBS selling or purchasing assets in your account
in accordance with your Wealth Solutions Model and in a manner that attempts to minimize
variations in the asset allocation and target weightings within your account.

All liquidations and redemptions of mutual funds and exchange traded funds described in the
circumstances above will be made as promptly as practicable without regard to mutual fund
redemption fees that may be assessed on the liquidation or redemption of those mutual funds.
W&SBS will act in its capacity as a broker-dealer, not as a fiduciary or investment adviser, in
connection with such transactions and will sell those funds at no commission; however, you will
incur a small transaction fee for each trade that W&SBS makes on your behalf. It may be in your
best interest to liquidate these funds prior to establishing an advisory account with W&SBS. The
proceeds will be invested in your W&S Wealth Solutions account. We will not provide advice
and/or guidance regarding the funds being sold to fund your W&S Wealth Solutions account.
Trades that occur in a taxable account will result in a taxable event to you. Please consult with
your tax professional.

If you terminate your W&S Wealth Solutions account or transfer shares of Program Funds into
another account at W&SBS or outside W&SBS, W&SBS, Pershing or the mutual fund, may
liquidate or convert those funds into a different share class, which generally will have higher fees
and expenses.

The total value of your account is monitored by W&SBS. If the value of your account falls below
the initial investment minimum, we may, in our discretion, remove your account from the W&S
Wealth Solutions program. In general:
    •    For an account with an Investment Objective of Total Return, Income Oriented, Socially
         Conscious and Tax Aware, we may remove your account from the W&S Wealth Solutions
         program if the total value of your account drops below $100,000. As an alternative, we
         may offer you to convert your account to a Wealth Solutions Model of the same Risk Profile
         with the EnFocus™ Investment Objective, which has an account minimum of $75,000. It is
         your discretion whether to make this conversion, and you will be required to complete a
         new Investment Policy Statement. Your account will then be rebalanced in accordance
         with the new Wealth Solutions Model.
    •    For an account with an Investment Objective of EnFocus™, we may remove your account
         from the W&S Wealth Solutions program if the total value of your account drops below
         $50,000.
    •    For a Companion Account with an Investment Objective of EnFocus™, we may remove
         your account from the W&S Wealth Solutions program if the total value of your account
         drops below $20,000. We may also remove your Companion Account if you no longer
         have the same primary address as the owner of the primary Wealth Solutions account or
         if the primary Wealth Solutions account is removed from the program for any reason.

Item 6 - Portfolio Manager Selection and Evaluation
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