Woloshin Investment Management LLC

Item 5: Fees and Compensation

We offer our advisory services on a fee-only basis. Our fee is calculated based upon the market value
of the assets in your account on the last day of the previous quarter. It should be noted that lower
fees for comparable services may be available from other sources. There is a minimum quarterly fee
of $25 per account.

Broker-dealers and other financial institutions that hold client accounts are referred to as custodians
(“custodian/broker-dealer”). Your custodian/broker-dealer determines the values of the assets in
your portfolio.

Fees for the initial quarter are based on the value of your cash and securities on the date the
custodian/broker-dealer receives them and are prorated based upon the number of calendar days in
the calendar quarter that our agreement is initiated.

Asset Management Fees

WIM Clients participating in WIM Managed Accounts are only available with a wrapped pricing
option. Our wrap fee covers our advisory services, the brokerage and execution services provided by
the custodian and administrative services. Our wrap fee does not cover all fees and costs. The fees
not included in the wrap fee include charges imposed directly by a mutual fund, index fund, or
exchange traded fund which shall be disclosed in the fund’s prospectus (i.e., fund management fees
and other fund expenses), mark-ups and mark-downs, spreads paid to market makers, fees (such as a
commission or markup) for trades executed away from our custodian at another broker-dealer, wire
transfer fees and other fees and taxes on brokerage accounts and securities transactions.

                                  Our Wrap fee schedule is described below:

                                                                          Total Annual
                            Assets Under Management
                                                                          Advisory Fee*

                                    Up To $500,000                              1.97%
                                    Next $500,000                               1.87%
                               $1,000,001 to $2,000,000                         1.77%

                               $2,000,001 to $3,000,000                         1.67%

                                $3,000,001 to$4,000,000                         1.57%
                                $4,000,001 to$5,000,000                         1.47%
                                   Over $5,000,000                                1.37%
* WIM Managed Assets Program execution, custodial, and clearing fee is included in Total Annual Advisory Fee.
This fee will be retained by WIM. All fees are negotiable at our sole discretion. There is a minimum quarterly fee of
$25 per account.

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You must authorize us to have the custodian/broker-dealer pay us directly by charging your account.
This authorization must be provided in writing. Fees are deducted quarterly in advance.

The custodian/broker-dealer provides you with statements that show the amount paid directly to us.
You should review and verify the calculation of our fees. The custodian/broker-dealer does not verify
the accuracy of fee calculations.
WIM may agree to direct billing of fees in certain circumstances. Both the client and WIM must
agree to this arrangement in writing. The client agreement will generally serve as the memorializing
document but WIM in its sole discretion may agree to such an arrangement in other written formats.

Mutual fund companies, ETFs, and variable annuity issuers charge internal fees and expenses for their
products. These fees and expenses are in addition to any advisory fees charged by us. Complete
details of these internal fees and expenses are explained in the prospectuses for each investment. You
are strongly encouraged to read these explanations before investing any money. You may ask us any
questions you have about fees and expenses.

Please be sure to read the section entitled “Brokerage Practices,” which follows later in this brochure.

Advisory fees are charged in advance on a quarterly basis. Should you terminate the advisory
agreement we have entered into within five (5) business days from the date the agreement is executed,
you will receive a full refund of any fees paid.

Should either one of us terminate the advisory agreement we have entered into before the end of a
billing period, any unearned fees that were deducted from your account will be returned to you by us.
The amount refunded to you is calculated by dividing the most recent advisory fee you paid by the
total number of days in the quarter. This daily fee is then multiplied by the number of calendar days
in the quarter that our agreement was in effect. This amount, which equals the amount we earned for
the partial quarter, is subtracted from the total fee you paid in advance to determine your refund.

Financial Planning and Consulting Fees

WIM generally charges a fixed fee or fee based upon the net worth of assets held by the client (even
if not managed by WIM) for providing financial planning and consulting services under a stand-alone
or wealth management engagement. These fees are negotiable, but generally range from $500 to
$25,000 on a fixed fee basis or up to 2% of net worth of assets, depending upon the scope and
complexity of the services and the professional rendering the financial planning and/or the consulting
services. If the client engages the Firm for additional investment advisory services, WIM may, but is
not required to, offset all or a portion of its fees for those services based upon the amount paid for
the financial planning and/or consulting services. The terms and conditions of the financial planning
and/or consulting engagement are set forth in the Advisory Agreement and WIM generally requires
the entire fee upon execution of the Advisory Agreement. The Firm does not, however, take receipt
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Item 7: Types of Clients
We provide advisory services primarily to individuals, including their trusts, estates and retirement
accounts. We also provide services to corporations or business entities including their pension and
profit-sharing plans. As a condition for starting and maintaining an advisory relationship, we
generally require the following:

Minimum Investment

WIM requires a minimum investment for a new client household (i.e., a client’s aggregate accounts under
management) in the amount of $200,000 for private asset management services. These minimums may
be waived or reduced at WIM’s discretion.