W & S Management Services Inc

Item 5 – Fees and Compensation:
Fees for services for W&S Management Services, Inc. are generally computed as a percentage of assets under
management and after each quarter with cash flows for the quarter pro-rated. Fees are billed to the client and
deducted out of each individual account. Clients may terminate service at any time in writing, or by having
discretionary authority removed from accounts. Fees are negotiable, and the basic fee schedule is as follows:
               0.75% per annum on the first $1,000,000.00 assets under management
               0.60% per annum on assets from $1,000,001 to $4,999,999 under management
               0.50% per annum on assets above $5,000,000.00 under management
Clients of W&S may also pay other fees in connection with advisory services, such as custodial fees, mutual fund
expenses, brokerage fees, and other transaction costs. W&S does not receive compensation for any of these
additional fees, and takes such fees into consideration when deciding upon the appropriateness of an investment
for its clients. See the section titled brokerage practices for additional information. Occasionally W&S Management
Services, will also bill hourly for consulting, advising, or planning. These fees are negotiated directly with the
client, and are a small part of our business.

Item 7 - Types of Clients:

W&S Management primarily provides its services to individuals, trusts, estates, and closely held businesses. We
do not however put an explicit limit on the types of clients or minimum asset limits. Client acceptance is on a
case-by-case basis.