Windsor Advisory Group LLC

Item 5 – Fees and Compensation
Our advisory fee is based on the advisory and/or consulting and family office services we provide to
you. We charge an advisory fee in one of three (3) ways:

         •   based on assets under management (AUM),
         •   a fixed fee, or
         •   a combination of an asset-based and a fixed fee.

If your advisory fee is based on your assets under management (AUM), you will pay an annual
advisory fee of 0.50% (50 basis points) for AUM of $10 million or more. If your AUM is less than $10
million, you will pay an annual advisory fee of 0.65% (65 basis points).

The fixed fee is determined by the complexity of your financials and the services we provide.
We will charge a per project fee for certain types of services that do not include investment
management.

Your advisory fee will be paid quarterly, in arrears. If your advisory fee is based on assets under
management, your fee will be calculated based on our portfolio accounting system’s value of your
assets on the last calendar day of each month during the calendar quarter.

Fees are prorated for the number of days in which your advisory agreement is in effect. You may
give written permission, via the advisory agreement you have with us and certain qualified,
independent custodian’s account documents, for your advisory fees to be directly debited by the
custodian from your accounts. You may terminate the written permission at any time. In the
alternative, you may choose to receive and pay an invoice for advisory services.

We reserve the right to negotiate our advisory fees. The fees that we charge for advisory services,
fixed fees, or project fees are specified in your advisory agreement or other services agreement you
have with us.

Fees charged by third-party investment managers and mutual funds are in addition to the advisory
fee charged by us. The third-party managers directly charge you for their investment management
services. The advisory fee that you pay us does not include commissions or other operational
expenses of investment products which may be charged directly or indirectly to you. The third-party
managers directly charge you for their investment management services. The advisory fee that you
pay us does not include commissions or other operational expenses of investment products which
may be charged directly or indirectly to you.

Item 12 of this Brochure further describes the factors that we consider in selecting or
recommending broker-dealers for securities transactions and determining the reasonableness of
their compensation (e.g., commissions). You have the option to purchase securities that we
recommend through other brokers or agents with whom we are not affiliated.

Valuation

Marketable securities held in a client’s custodian account are priced by the custodian or another
third-party service provider. Windsor is not involved in the pricing of these securities.

The manager or administrator provides the value for a private investment, typically via monthly or
quarterly statements. If actual values are not available, Windsor applies estimated performance
provided by the manager or the administrator to the most recent value. Windsor adjusts values to
include distributions and contributions during the quarter.

Windsor Investment Vehicles

There are variations in fee schedules for the Windsor Investment Vehicles. Management fees are
disclosed in each Windsor Investment Vehicle’s offering documents. Windsor can waive, rebate, or
reduce the amount in its sole discretion. Currently we have elected to not charge a management fee
for any of the Windsor Investment Vehicles. Our clients will pay only the advisory fee as specified in
their Advisory Agreement with us.

Expenses related to the administration of the Windsor Investment Vehicles (legal, audit, third party
administrator, etc.) will be borne by investors in the fund as a reduction in their net asset value. A
more complete description of the expenses paid in connection with an investment in the Windsor
Investment Vehicles, as well as the expenses of the Windsor Investment Vehicles, is available in the
confidential private offering memorandum and other governing documents of each Windsor
Investment Vehicle.

Item 7 – Types of Clients
While we focus on ultra high net worth individuals and families, we also provide advisory services to
their trusts, corporations, insurance companies and other business entities, corporate pension plans,
public foundations, private foundations and privately offered funds.

We seek clients with investible assets of $20 million or more but may lower this threshold at our
discretion.

Windsor Investment Vehicles

The minimum initial investment into each Windsor Investment Vehicle is $250,000 with minimum
additional investments of $50,000, however these minimums may be waived by us as the Manager
of each fund.