Windmark Investment Partners Inc

Item 5: Fees and Compensation

Windmark generates 100% of its compensation from investment advisory agreements with our clients.
Windmark is compensated through a combination of fixed fees and a percentage of assets. When calculating
an asset-based fee, we rely on a valuation provided by an independent third party (typically the client’s
custodian bank) since Windmark does not value assets. Advisory fees are negotiable and vary based on the
size and relative complexity of the client relationship, the type of account (consulting vs. discretionary
management), the client’s investment objectives and investment strategy, the scope of services provided, and
other competitive factors. Fees are subject to renegotiation if the scope of services provided changes
materially.

Clients are billed directly for fees incurred either monthly or quarterly depending on the negotiated terms of
the contract. All accounts initiated or terminated during a calendar month or quarter will be charged a
prorated fee based on the number of days advisory services are provided. Termination notice requirements
are negotiated on a contract-by-contract basis. Clients generally pay fees in advance. If a client terminates a
contract prior to the end of a billing period, any prepaid unearned fees will be refunded.

Windmark’s fees exclude brokerage commissions (see Item 12 of this brochure), transaction fees, and other
related costs and expenses, which are borne by the client. Clients will incur certain charges imposed by
custodians, brokers, and other third parties such as fees charged by investment managers, custodial fees,
transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
security transactions. Mutual funds, ETFs and ETNs, and alternative investment vehicles also charge internal
management fees, which are disclosed in a fund’s offering documents. Such charges, fees and commissions
are exclusive of and in addition to Windmark’s fee, and Windmark shall not receive any portion of these
commissions, fees, and costs. Windmark works with clients’ service providers to minimize these fees.

FORM ADV PART 2A

Item 7: Types of Clients

Windmark provides investment advice to pension funds, endowments, foundations, and other institutional
investors.