West Financial Services Inc

Item 5         Fees and Compensation

Fees Charged

Set forth below is a description of the fees charged with respect to each of the services offered by
WFS.

Investment Management Services

The fees that WFS charges for Investment Management Services are calculated and charged
quarterly, in arrears, based on the value of the client’s account(s) as of the last day of each calendar
quarter or as otherwise negotiated and specified in the client’s investment management agreement.
Clients may choose to exclude assets representing older, “legacy” holdings from assets under
management for billing purposes if for tax, estate, or family reasons, it is determined that those
assets should be excluded from investment management.

                            Asset Level                                        Annual Fee

  Up to and including $2,000,000                                                  1.00%

  Greater than $2,000,000 up to and including $4,000,000                          0.75%

  Greater than $4,000,000 up to and including $7,000,000                          0.50%

  Greater than $7,000,000 up to and including $10,000,000                         0.40%

  Greater than $10,000,000                                                        0.30%

The minimum amount of assets for an Investment Management Services relationship is $1 million,
except for existing clients, their immediate families, and referrals. Accounts may be aggregated to
meet the $1 million minimum relationship size or to achieve higher asset levels and lower annual
fee breakpoints. For the purposes of aggregating accounts for billing, immediate family can
include, but is not limited to, spouses, parents, grandparents, children, grandchildren, brothers,
sisters, mother-in-law, father-in-law, brothers-in-law, sisters-in-law, daughters-in-law and sons-
in-law. Adopted, half, and step members are also included in immediate family. The minimum
may be waived by WFS in its discretion.

Financial Planning Services

When providing Financial Planning Services, WFS typically does not charge a client or potential

client for the initial meeting to discuss such services. WFS provides Financial Planning Services
on an hourly basis at a rate of $250.00 per hour, for a fixed fee, or as otherwise negotiated and
specified in the applicable client’s Financial Planning Services engagement agreement.

Personalized Consulting Services

When providing Personalized Consulting Services, WFS typically does not charge a client or
potential client for the initial meeting to discuss such services. WFS provides Personalized
Consulting Services on an hourly basis at a rate of $250.00 per hour, for a fixed fee, or as otherwise
negotiated and specified in the applicable client’s Personalized Consulting Services engagement
agreement.

WFS provides the Foundational Planning services for a fixed subscription fee of $125.00 per
month.

Retirement Plan Services

Costs for Retirement Plan Services reflect the nature of WFS’s engagement with the plan sponsor.
Typically, WFS provides Retirement Plan Services on one of the following bases: (i) on an hourly
basis; (ii) for a flat fee payable through quarterly retainer payments; (iii) as a percentage of assets
under management according to the fee table set forth below; or (iv) as otherwise negotiated and
specified in the Retirement Plan Services engagement agreement.

                            Asset Level                                       Annual Fee

  Up to and including $2,000,000                                                 0.50%

  Greater than $2,000,000 up to and including $5,000,000                         0.40%

  Greater than $5,000,000 up to and including $8,000,000                         0.35%

  Greater than $8,000,000 up to and including $15,000,000                        0.25%

  Greater than $15,000,000 up to and including $20,000,000                       0.15%

  Greater than $20,000,000                                                       0.10%

Fee Payment

Typically, WFS will deduct fees directly from the client’s custodial account as authorized by the
client in an engagement or investment management agreement. Such fees will generally be
deducted in arrears on a quarterly basis; provided, however, that when the applicable services are
not provided on an ongoing basis, the entire fee payable to WFS will be deducted once the services
are substantially complete. Clients are encouraged to verify the accuracy of the fee deducted by
reviewing statements issued by the applicable custodian. Notwithstanding the foregoing, WFS may
bill clients by invoice to be paid by check instead of deducting fees from the custodial account.

New clients will pay a management fee for the number of days for which services are provided in
the initial calendar quarter, subject to WFS’s discretion to waive such prorated fees. If a client

terminates the investment management agreement during a quarter, the client will pay a prorated
management fee for services provided up to the day of termination.

Other Expenses

In addition to the fees charged by WFS described above, clients will be responsible for fees and
expenses associated with their investments. Accordingly, clients are responsible for brokerage
commission costs, plus any other charges such as transaction fees, wire fees, ADR fees, margin
costs and any other costs charged by the custodian. With respect to investment company
investments (e.g., mutual funds and ETFs) or other pooled investment vehicles, clients are
responsible for management fees and operating expenses associated with the funds in which they
invest. See the “Brokerage Practices” section of this brochure for additional information about
other expenses.

Compensation

Our financial professionals are compensated through a fixed salary and incentive payments tied to
new asset acquisition. This practice presents a potential conflict of interest because our financial
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Item 7         Types of Clients

WFS offers the services described above to individuals, high net worth individuals, retirement and
profit sharing plans, charitable organizations, and corporations and other business entities. The
minimum amount of assets for an Investment Management Services relationship is $1 million,
except for existing clients, their immediate families, and referrals. This minimum may be waived
by WFS in its discretion. See the “Fees and Compensation” section of this brochure for additional
information about relationship minimums.