EVENSKY & KATZ/FOLDES FINANCIAL WEALTH

The goals and objectives for each client are documented in MoneyGuidePro,our financial planning software. Investment policy statements are created thatreflect the client’s resources and stated goals and objectives.Types of AgreementsThe following agreements define the typical client relationships.Wealth Management AgreementOur core offering is our Wealth Management service (financial planning-basedretirement planning and investment management). We start with a series of indepth conversations and extensive data collection. With that information, weproceed to develop a plan for you and your family (or your institution) thatidentifies the specific investment criteria and strategies based on our carefulreview of available investment options, taxation, transaction costs, and risk andprojected hypothetical performance. This plan is prepared in the form of anInvestment Policy Statement (IPS). This vital document, which we review withyou to ensure it reflects your needs, sets the foundation for how we recommendthe allocation of your assets between various investment classes and howmanagers are selected, monitored and managed.Upon completion of the initial planning and the client’s approval of theInvestment Policy Statement, at the client’s discretion, EK-FF will provide ongoing Wealth Management services.The initial engagement fee for Wealth Management services is 2,000 uponexecution of the agreement and 2,000 on the delivery of the InvestmentPolicy. As described below, should EK-FF be selected to implement the IPSthis initial fee is fully credited against future billings.The fees for on-going Wealth Management services are determined basedupon a percentage of those assets under the firm's discretionary management.Should the client elect not to implement the firms' recommendationssubsequent to the delivery of the Investment Policy, no further charges beyondthe implementation fee will be incurred.Should, as in almost all cases, the client elect to continue the relationship withEK-FF after delivery of the IPS, quarterly billing of the ongoing WealthManagement fee (described below) will begin on the implementation of theInvestment Policy. Beginning with the first quarter, the billing will be reduced bythe initial engagement fees already paid.Implementation and on-going management of our clients’ accountsincludes: Design, execution and maintenance of a customized InvestmentPolicy Statement for those assets under the limited discretionaryauthority of EK-FF. Active tax and cost efficient investment portfolio management forassets under the limited discretionary authority of EK-FF. This will- 3Evensky & Katz LLC

include portfolio allocation, investment strategy and managerselection. Maintain and update, as necessary, a "Capital Needs Analysis," ananalytical process that evaluates the likelihood of meeting statedgoals, based on the client assets, liabilities, and relevant economicassumptions. This analysis, utilizing a proprietary version ofMoneyGuidePro, is typically updated on an annual basis - moreoften if the client experiences a significant unanticipated lifetransition or there is a dramatic change in market conditions. Monitor independent investment managers and vehicles selectedfor implementation. As necessary, rebalancing, policy and/or strategy modificationand/or allocation/manager replacements. As requested, implementation of cash flow strategies for plannedcash flow needs, including cash flow/emergency reserveaccount(s). Quarterly detailed written reports of the client investment portfolio(s)under our management. As requested, implementation of cost and tax efficient liquidationsfor unanticipated cash flow needs. As requested, provision of preliminary tax information (e.g.,realized and unrealized gains, delivery of information andcoordination with client's CPA) for client's tax planning, for assetsunder our management. Establishment and coordination of appropriate accounts along withrelated asset transfers to the EK-FF institutional platform. Establish, as requested, “non-managed” cash flow reserve andinvestment accounts at selected custodians. EK-FF does notcurrently charge for these unmanaged accounts.Most clients choose to have EK-FF manage their assets in order to obtainongoing in-depth advice. The scope of work and fee for a Wealth ManagementAgreement is provided to the client in writing prior to the start of the relationship.The annual Wealth Management fee is billed in advance and is based on apercentage of the investable assets according to the following schedule:First 500,000 . .1.25%Next 1,500,000 .1.00%Next 3,000,000 0.75%Next 5,000,000 0.50%Next 10,000,000 . .0.25%- 4Evensky & Katz LLC

The minimum portfolio size for Wealth Management Services is 1,000,000.This amount is negotiable under special circumstances (e.g., historicalrelationship, type of assets, anticipated future earning capacity, anticipatedfuture additional assets, related accounts, account composition, negotiationswith clients, family members, etc.).We may also negotiate the amount of your fee depending upon circumstancesincluding but not limited to account composition and complexity, other client,employee or family relationships, etc. or where a client is referred to us througha referral relationship as described in the section on Client Referral and OtherCompensation, which may result in different fees being charged by us for clientaccounts similar in composition and objectives. Our employees and their familyrelated accounts may be charged a reduced fee, or no fee, for our services.Current client relationships may exist where the fees are higher or lower thanthe fee schedule above.Although the Wealth Management Agreement is an ongoing agreement theclient or the wealth manager may at any time terminate an Agreement bywritten notice to the other party. At termination, fees will be credited on a prorata basis for the portion of the quarter not completed. There is no additionaltermination fee.Investment Advisory AgreementAn Investment Advisory Agreement may be executed when financial planningis not provided as part of the relationship. The annual fee for an InvestmentAdvisory Agreement is the same as the Wealth Management fee scheduleabove.Investment Advisory Services include: Development, implementation, maintenance and execution of acustomized Investment Policy Statement for those assets under thelimited discretionary authority of EK-FF.Active tax and cost efficient investment portfolio management forassets under the limited discretionary authority of EK-FF. This willinclude allocation and strategy selection.Monitor investment managers and vehicles selected forimplementation. As necessary, rebalancing, policy and/or strategy modification and/orallocation manager replacements. Quarterly detailed written reports of the client investment portfolio(s)under our management. As requested, implementation of cost and tax efficient liquidations forunanticipated cash flow needs.- 5Evensky & Katz LLC

As requested, provision of preliminary tax information (e.g., realizedand unrealized gains, taxable interest and dividends, delivery ofinformation and coordination with client’s CPA), for client’s own taxplanning. Establishment and coordination of appropriate accounts along withrelated asset transfers to the EK-FF wealth management institutionalplatform.401(k), Pension and Profit Sharing Fiduciary Investment Services AgreementEK-FF provides fee only, fiduciary investment consulting services to PlanTrustees. EK-FF serves as an ERISA Investment Fiduciary advisor to the PlanTrustee(s). EK-FF acknowledges it is an ERISA investment fiduciary. EK-FF, asrequested by the client, will assist the Client with: Developing an investment policy statement; and EK-FF assumes the responsibility of:o Providing professionally selected investment alternatives and riskbased model portfolio alternativeso Ongoing active portfolio management includes monitoring, rebalancingand adjustments to model portfolios.o Ongoing manager due diligenceo Investment model and manager customizationo Recommending custodians that provide low cost open architectureinvestment alternativesThe annual 401(k) fee is billed in advance and is based on a percentage of theinvestable assets according to the following schedule:0.63% on the first 500,000;0.50% on the next 1,500.000;0.38% on the next 3,000,000;0.25% on the next 5,000,000;0.13% on the next 10,000,000;403(b) Investment Services AgreementEK-FF provides 403(b) investment services to 403(b) participants at selectedUniversities.Consulting Services AgreementConsulting Services shall include investment advisory review andrecommendations regarding the client’s portfolio(s). Consulting services willinclude:- 6Evensky & Katz LLC

Assistance in the preparation of letters and related documentation relatedto negotiations with the Investment Manager and custodians selected by theClient.Consultation, review, analysis and recommendations regarding:o The Investment Policyo Targeted risk and return benchmarkso Spending policyo Selection of asset classes and styles to be consideredo Selection of asset class and style constraintso Selection of investment strategies to be consideredo Consultation, review, analysis and recommendations regardingthe services of the Investment Advisor including:Manager selectionInvestment implementationBenchmark selectionReporting designManager and portfolio performance including (to the extent information isavailable):o Performance relative to selected benchmarkso Style consistencyo Management of expenses and feeso Manager overlapConsulting fees range from 0.15% to 0.35% depending on the unique nature of theengagement. Factors to be considered include – number of accounts, nature andsize of the assets, custodial arrangements, frequency and location of meetings.The minimum annual consulting fee is 20,000.Hourly Planning EngagementsEK-FF might provide hourly planning services for clients who need advice on alimited scope of work. The hourly rate for limited scope engagements rangesfrom 200 to 600.Asset ManagementAssets are invested primarily in no-load mutual funds, low cost index andexchange-traded funds, usually through custodial arrangements with discountbrokers. We have established relationships with three custodians: Schwab, TDAmeritrade and Fidelity. Fund companies charge each fund shareholder aninvestment management fee that is disclosed in the fund prospectus. Discountbrokerages may charge a transaction fee for the purchase or sale of somefunds.Stocks and bonds may b

Evensky & Katz LLC Item 4 - Advisory Business Firm Description On July 14, 2014, Evensky & Katz completed an asset purchase of Foldes Financial Management. Evensky & Katz applied for a “doing business as” name with the State of Florida. Evensky & Katz, LLC may now conduct