Weinberger Asset Management Inc

Item 5: Fees and Compensation

Portfolio Management Fees

                   AGGREGATE VALUE OF ASSETS UNDER
                                                                             ANNUAL FEE
                           MANAGEMENT
                             On the first $1,000,000                              1.25%
                      On the next $1,000,0001 – $2,500,000                        1.00%
                       On the next $2,500,001 – $5,000,000                        0.80%
                      On the next $5,000,001 – $10,000,000                        0.70%
                      On the next 10,000,001 – $25,000,000                        0.60%
                      On amounts of $25,000,001 or more                           0.50%

WAM’s fees are generally negotiable based on the above-tiered fee schedule. Other arrangements may
be negotiated such as a flat annual percentage across all assets under management. The advisory fee is
payable quarterly in advance and is calculated using the market value of the assets in the account as of
the last business day of the prior billing period, with payment collected within ten (10) days after the
end of each quarter. Fees are withdrawn directly from the client's accounts with client's written
authorization. Notwithstanding the foregoing, advisory fees for the initial period shall be collected in
arrears, calculated using the market value of the Account as of the last business day of the initial billing
period. The initial period fee may be waived at WAM’s discretion. WAM relies upon the custodian’s
calculation of the market value of the account for purposes of calculating all advisory fees due. The
agreed-upon fee schedule will be set forth in the Investment Advisory Agreement executed between the
client and WAM. The client shall have five (5) business days from the effective date of the Investment
Advisory Agreement to terminate the Agreement (on written notice delivered to WAM) without
incurring any advisory fees or penalties of any kind. Otherwise, either party may terminate the
Investment Advisory Agreement upon ten (10) days prior written notice to the other party.

WAM may elect, in its sole discretion, to combine the account values of the client and the client’s family
members living in the same household to determine the applicable advisory fee. For example, we may
combine account values for the client and the client’s minor children, joint accounts with the client’s
spouse, and other types of related accounts. Combining account values may increase the asset total,
which may result in the client paying a reduced advisory fee based on the available breakpoints in the
above-stated fee schedule.

Billing on Cash Positions

The firm treats cash and cash equivalents as an asset class. Accordingly, unless otherwise agreed in
writing, all cash and cash equivalent positions (e.g., money market funds, etc.) are included as part of
assets under management for purposes of calculating the firm’s advisory fee. At any specific point in
time, such positions could miss market advances and, depending upon current yields, the firm’s
advisory fee could exceed the interest paid by the client’s cash or cash equivalent positions.

Periods of Portfolio Inactivity

The firm has a fiduciary duty to provide services consistent with the client’s best interest. As part of its
investment advisory services, the firm will review client portfolios on an ongoing basis to determine if
any changes are necessary based upon various factors, including but not limited to investment
performance, fund manager tenure, style drift, account additions/withdrawals, the client’s financial
circumstances, and changes in the client’s investment objectives. Based upon these and other factors,
there may be extended periods of time when the firm determines that changes to a client’s portfolio are
neither necessary nor prudent. Notwithstanding, unless otherwise agreed in writing, the firm’s annual
investment advisory fee will continue to apply during these periods, and there can be no assurance that
investment decisions made by the firm will be profitable or equal any specific performance level(s).

Sub-Advisory Fees

Typically, the fees charged by sub-advisers are not negotiable and will be separate and distinct from our
fees. We do not share in the fee charged by sub-advisers. Fees greater than 2.5% are considered to exceed
industry standards; therefore, in no case will the total combined annual advisory fee paid to us and paid
to a sub-adviser exceed 2.5% of assets under management. Fees will be pro-rated for any partial billing
period. The custodian holding the client’s account will deduct our fees, the sub-adviser’s fees, and any
other custodial fees directly from the client’s designated account, provided the client has granted written
authorization for the direct deduction. Generally, sub-advisory fees are due quarterly, in advance or
arrears, depending on the sub-adviser selected. Upon termination of the selected sub-adviser, any pre-
paid, unearned fees will be prorated and refunded to the client promptly. Any fees accrued but not yet
assessed to the account will be assessed through the termination date and billed accordingly.
The custodian will not determine whether the fee is properly calculated. It is your responsibility to verify
the accuracy of the fee calculation. In some cases, the custodian will deduct the fee based on the sub-
advisory agreement. In all cases, the custodian will provide the client with a statement, at least quarterly,
indicating all amounts dispersed from the account, including the amount of the advisory fees paid. We
will also receive a copy of your account statements from the custodian. Clients are encouraged to review
all statements for accuracy. If you have a question or if you did not receive an expected statement, please
contact us or the account custodian immediately.

Other Fees and Expenses
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Item 7: Types of Clients

WAM generally provides advisory services to the following types of clients:
      Individuals
      High-Net-Worth Individuals
      Pension and Profit-Sharing Plans
      Charitable Organizations
      Corporations or Business Entities

There is no account minimum for any of WAM’s services. Certain model portfolios and accounts
managed by sub-advisers may be subject to different minimum investment requirements; therefore,
participation in some models or platforms may be limited to clients who meet those minimum
requirements. We will only recommend sub-advisers and/or investments for which the client meets any
minimum requirements.