Sam Lee

• Investment Management Services — We charge a percentage of assets under management for investment management services for most clients. These fees are assessed quarterly, in arrears, based on the average daily value of your investments. You should understand that the greater the investment value in your account, the more you will pay in fees. This means we have an incentive for you to increase the investments under our management. If the value of your investments increases or decreases, our fees go up or down, aligning our interests. Our investment management fees can also be charged as a fixed fee in some client situations. We charge separate fees for additional services provided.

• Wealth Planning Services — We charge a quarterly retainer, in advance, for agreed-upon wealth planning services. We also charge you hourly or fixed fees, in arrears, for services beyond the scope of those covered by the retainer.

• Additional Miscellaneous Fees — In addition to our fees, you may incur additional fees and costs related to the investments in your account, such as asset custody fees, transaction and trading costs, surrender charges, and other product-related fees such as redemption fees. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

When we act as your investment advisor, we must act in your best interest and not put our interest ahead of yours. We are fiduciaries when we provide investment advice to you. We are a fee-only advisor, and therefore only make money from the fees you pay us. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means:

We are the investment advisor to the Aspiriant Mutual Funds (Fund), both open-end and interval funds (a version of a closed-end mutual fund). These Funds pay fees to us, creating a conflict because our revenue increases as the Funds grow. We mitigate that conflict by rebating your fees that exceed our costs of operating the Funds. Additionally, we value certain investments held in these funds.

We receive soft dollars from custodians and investment managers in the form of research tools and other services provided at no charge to us. This is a conflict of interest because it can cause us to favor a relationship with those companies.

Our financial professionals receive a salary, an incentive bonus and profit sharing. The incentive pay for our professionals is primarily a result of business development generated by the exceptional client service we provide to our existing clients. The incentive bonus may include amounts based on new clients and/or assets added by existing clients. This creates a conflict of interest because our financial professionals have an incentive to increase the amount of investments we manage for you.