Williams Garth Alan

Item 5: Fees and Compensation

We base our fees on hourly charges, fixed fees, or a percentage of assets under management,
which are described below.

Compensation – Financial Planning
Financial Planning fees will be charged in one of two ways:

   •   As a fixed fee, typically ranging from $2,000 to $10,000, depending on the nature and
       complexity of each client’s circumstances, or
   •   On an hourly basis at $400 per hour.

A down payment of half the fee is generally due upon signing the agreement with the other half
due upon delivery of the written plan.

Compensation – Investment Management Services
Investment Management fees are charged as follows:

                  Total Assets Under Management                        Annual Fee
                          First $2,000,000                               1.00%
                         Above $2,000,000                              Negotiable

The asset-based fee is billed on a quarterly basis, in advance, based upon the market value of
the Household Assets, including cash, on the last day of the previous quarter as valued by the
custodian.

Compensation – Wealth Management Services
Wealth Management fees are charged on a fixed quarterly fee basis paid in advance.

Compensation – Pension Consulting Services
We provide pension consulting services on a fixed, percentage or hourly basis depending on the
agreement with the client.

Compensation – Third Party Asset Management Programs
Typically, independent managers charge a fee of between 0.12% and 0.40% annually, which is
calculated on the average daily market value of the account and directly deducted from the
account in arrears.

Calculation and Payment
The specific manner in which we charge fees is established in a client’s written agreement with
us. Clients may elect to be invoiced directly for fees or to authorize us to directly debit fees from
client accounts.

Accounts initiated during a calendar quarter will be charged a prorated fee. Upon termination of
any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid
fees will be due and payable.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your assets
in cash and cash alternatives, i.e., money market fund shares, may be based on your desire to
have an allocation to cash as an asset class, to support a phased market entrance strategy, to
facilitate transaction execution, to have available funds for withdrawal needs or to pay fees or to
provide for asset protection during periods of volatile market conditions. Your cash and cash
equivalents will be subject to our investment advisory fees unless otherwise agreed upon. You
may experience negative performance on the cash portion of your portfolio if the investment
advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

For clients on an asset-based advisory agreement, if the client elects to roll the assets to an IRA
that is subject to our advisement, we will charge the client an asset-based fee as set forth in the
advisory agreement the client executed with our firm. This creates a conflict of interest because
it creates a financial incentive for our firm to recommend the rollover to the client (i.e., receipt of
additional fee-based compensation). Clients are under no obligation, contractually or otherwise,
to complete the rollover. Moreover, if clients do complete the rollover, clients are under no
obligation to have the assets in an IRA advised on by our firm. Due to the foregoing conflict of
interest, when we make rollover recommendations to clients on an asset-based advisory
agreement, we operate under a special rule that requires us to act in our clients’ best interests
and not put our interests ahead of our clients’.

Under this special rule’s provisions, we must:

   •   meet a professional standard of care when making investment recommendations (give
       prudent advice);
   •   never put our financial interests ahead of our clients’ when making recommendations
           o (give loyal advice);
   •   avoid misleading statements about conflicts of interest, fees, and investments;
   •   follow policies and procedures designed to ensure that we give advice that is in our
       clients’ best interests;
   •   charge no more than a reasonable fee for our services; and
   •   give clients basic information about conflicts of interest.

Many employers permit former employees to keep their retirement assets in their company
plan. Also, current employees can sometimes move assets out of their company plan before
they retire or change jobs. In determining whether to complete the rollover to an IRA, and to
the extent the following options are available, clients should consider the costs and benefits of a
rollover. Note that an employee will typically have four options in this situation:

     1.   leaving the funds in the employer’s (former employer’s) plan;
     2.   moving the funds to a new employer’s retirement plan;
     3.   cashing out and taking a taxable distribution from the plan; or
     4.   rolling the funds into an IRA rollover account.

Each of these options has positives and negatives. Because of that, along with the importance of
understanding the differences between these types of accounts, we will provide clients with a
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Types of Clients
We provide services to individuals, high net worth individuals, pension and profit-sharing plans,
trusts, estates, charitable organizations, and corporations or other business entities.

Account Minimums
We do not impose a minimum account size.