Walker Asset Management LLC

Item 5 – Fees and Compensation

Investment Management Services

Investment management services are provided under our Wrap Fee Program. See our “Form
ADV Part 2A Appendix 1- Investment Management Wrap Fee Program Brochure” for
information about fees and expenses associated with this program.

Investment Advisory Services

Fees charged for advisory services are charged in advance. Fees are negotiated in advance, and
generally range from .50% to 1.50% depending on the level of complexity of the engagement.
Fee rates are based on actual services provided rather than being based on the level of assets
managed as detailed above for investment management services.

Fees are deducted directly from client accounts on a quarterly basis.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated accordingly. Any payments made in advance will be prorated
and refunded to the client.

All advisory fees paid to WAM are separate and unrelated to any fees or expenses assessed by
any broker, custodian or other outside party.

Financial Planning Services

WAM does not charge additional or separate fees for financial planning services.

Item 7 – Types of Clients
WAM provides services to individuals, businesses and participants of retirement plans.

Although WAM generally requires a $1,000,000 minimum dollar value in assets for
establishing or maintaining a client’s account, the firm reserves the right to waive this
requirement.