Wellington-Altus USA Inc

Item 5 Fees and Compensation
WA (USA) offers its services on a fee basis, which may include fixed fees, as well as fees based on assets
under management. WA (USA) charges clients a minimum fee of $250 per quarter.

                                               Wellington-Altus USA Inc. Form ADV Part 2A: Firm Brochure

Financial Planning Fee

Financial planning services are generally provided free of charge to clients of WA (USA), but in some
instances, depending on the level and scope of such services, WA (USA) may charge a fixed fee and/or
hourly fee for financial planning services. Such fees are negotiable. Before charging any fees, WA (USA)
will notify the client and the client will be asked to enter into a written financial planning agreement.

Investment Management Fee

For both Managed Accounts and the Separately Managed Account Program, WA (USA) provides
investment management services for an annual fee based upon a percentage of the market value of the
assets managed by WA (USA). Unless engaged on a wrap fee basis, WA (USA)’s annual fee is exclusive of,
and in addition to brokerage commissions, transaction fees. However, all clients will be responsible for
management fees imposed by mutual fund and SMA Account managers, and other related costs and
expenses, which are incurred by the client. WA (USA) does not, however, receive any portion of these
commissions, fees, and costs. WA (USA)’s annual fee is prorated and charged monthly or quarterly, in
arrears, and is calculated based upon the monthly average account balance of the billable assets being
managed by WA (USA). For partial billing periods, WA (USA) only charges fees for the period where it
manages an account. Upon account termination, WA (USA) client’s fees become due and payable.

The annual fee varies (between 0.25% and 2.75%) depending upon the market value of the assets under
management, the client and the type of investment management services to be rendered, negotiations
between WA (USA) and various other factors.

WA (USA), in its sole discretion, may negotiate to charge a lesser or different management fee, depending
upon objective and subjective factors including but not limited to: the amount of assets to be managed;
portfolio composition; the scope and complexity of the engagement; the anticipated number of meetings
and servicing needs; related accounts; future earning capacity; anticipated future additional assets; the
professional(s) rendering the service(s); prior relationships with WA (USA) and/or its representatives, and
negotiations with the client. As a result of these factors, similarly situated clients could pay different fees,
the services to be provided by WA (USA) to any particular client could be available from other advisers at
lower fees, and certain clients may have fees different than those discussed above.

Fees Charged by Financial Institutions

As further discussed in response to Item 12 (below), WA (USA)’s clients must use the brokerage and
clearing services of a custodian approved by WA (USA) (“Custodian”) for investment management
accounts. WA (USA) is not affiliated with any Custodian, but uses them to custody client assets and
execute client transactions.

WA (USA) may only implement its investment management recommendations for the client after the
client has arranged for and furnished WA (USA) with all information and authorization regarding accounts
with Custodian.

Clients may incur certain charges imposed by Custodian and other third parties. Some of the more
common fees that the client may incur are custodial fees, charges imposed directly by a mutual fund or
exchange-traded fund (“ETF”) owned by the client, which are disclosed in the fund’s prospectus (e.g., fund

                                             Wellington-Altus USA Inc. Form ADV Part 2A: Firm Brochure

management fees and other fund expenses), odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Clients
in the Separately Managed Account Program will also bare additional management fees charged by the
investment manager or managers that manages all or a portion of the client’s account. These additional
fees are disclosed in each investment manager’s brochure or client agreement, a copy of which the client
will receive prior to incurring any fees. Additionally, clients may incur brokerage commissions and
transaction fees. Such charges, fees and commissions are exclusive of, and in addition to, WA (USA)’s fee.
Additional information about brokerage and other transaction costs can be found in Item 12 below. Clients
who engage WA (USA) on a wrap fee basis shall not incur brokerage commissions and/or transaction fees
in addition to WA (USA)’s investment management fee.

WA (USA)’s agreement with Custodian authorizes the Custodian to debit the client’s account for the
amount of WA (USA)’s fee and to directly remit that management fee to WA (USA). Custodian has agreed
to send a statement to the client, at least quarterly, indicating all amounts disbursed from the account
including the amount of management fees paid directly to WA (USA).

Item 7 Types of Clients

WA (USA) provides its services to individuals, trusts, estates, corporations and business entities. Clients
must typically place a minimum of $100,000 in assets under WA (USA)’s management, but this may be
waived at WA (USA)’s discretion.