46 Peaks LLC

Item 5 Fees and Compensation
Discovery Analysis

For our "Discovery Analysis" Service, we charge a fixed fee ranging between $1,000 and $5,000 for
the discovery analysis service. This fee is pay able in advance of services rendered. After the analysis
has been performed, the fee is not refundable. Under certain circumstances, our fees may be different
than the fees stated above. An estimate of the total time/cost will be determined at the start of
the advisory relationship. In limited circumstances, the cost/time could potentially exceed the initial
estimate. In such cases, we will notify you in advance and request that you approve the additional fee.
Under no circumstances will we charge you $500 or more for discovery analysis services which are
provided six months or more in advance.

Financial Planning Services

For our "Financial Planning Services" we charge an annual retainer fee either as a fixed fee ranging
between $2,500 and $25,000, or an asset-based fee of 0.15% of total assets, not including the value of
your primary residence) The fee is negotiable depending upon the complexity and scope of the
services to be provided. Annual retainer fees are billed and payable quarterly in advance. If the
services are terminated at any time in the middle of a quarter for which the fee has been paid in
advance, you will receive a pro-rata refund of the fee paid for the period of time following the
termination of our services. In addition, an initial set-up fee is typically due upon execution of the
financial planning agreement.
In certain circumstances, we may provide financial planning services on a one-time basis. In these
cases, we will bill you part of the fee upon execution of the financial planning agreement and the
remainder upon delivery of the written financial plan or service.

Under extraordinary circumstances, our fees may be than the fees stated above. An estimate of the
total time/cost will be determined at the start of the advisory relationship. In limited circumstances, the
cost/time could potentially exceed the initial estimate. In such cases, we will notify you in advance and
request that you approve the additional fee. Under no circumstances will we charge you $500 or more
six months or more in advance for financial planning services.

You may terminate the financial planning agreement within five days of the date of acceptance without
penalty. After the five-day period, either you or the firm may terminate the financial planning agreement
by providing written notice to the other party. You will incur a pro rata charge for services rendered
prior to the termination of the agreement. If you have pre-paid advisory fees that we have not yet
earned, you will receive a pro-rated refund of those fees.

Retirement Plan Consulting Services

The annual fee for retirement plan consulting services may be either a fixed fee or based on the value
of plan assets. The annual fixed fee for our retirement plan consulting services ranges between $5,000
and $250,000 and is payable quarterly in advance. The annual asset-based fee for retirement plan
services typically ranges from 0.10% to 0.50% of Plan Assets. In special circumstances, other fees and
fee-paying arrangements may be negotiated. The amount of the fee is negotiable and is determined on
a case-by-case basis depending upon a number of factors including, but not limited to, the amount of
work involved, the overall value of plan assets, the complexity of the plan, and your desired service
requirements. The fee and services provided by us will be clearly defined in the retirement plan
consulting agreement that you enter with us.

You may terminate the retirement plan consulting agreement within five days of the date of acceptance
without penalty. After the five-day period, either you or we may terminate the retirement plan consulting
agreement by providing 30 days' written notice to the other party. Clients will incur a pro rata charge
for services rendered prior to the termination of the agreement. If you have pre-paid advisory fees that
we have not yet earned, you will receive a prorated refund of those fees.

Portfolio Management Services

Our fee for portfolio management services is based on a percentage of your assets we manage and is
set forth in the following fee schedule:

Assets Under Management      Annual Advisory Fee
First $249,999.99            1.15%
Next $750,000.00             0.95%
Next $4,000,000.00           0.60%
Next $5,000,000.00           0.45%
Over $9,999,999.99           0.35%

Our annual portfolio management fee is billed and payable quarterly in advance based on the value of
your assets managed by us on the last business day of the previous quarter or based on the last
available value if a quarter-end value is not available at the time we calculate the fee for billing. Fees
on initial investments and additional contributions made during a quarter are assessed pro rata in
arrears in the month following the end of a quarter. This means that the advisory fee is payable in
proportion to the number of days in the quarter for which your assets are managed. Fee refunds on
partial withdrawals from your portfolio are assessed pro rata based on the number of days remaining in
the quarter. These refunds on withdrawals are made in arrears, in the month following the end of each
quarter, and are netted against any quarterly advisory fees charged at that time. Our advisory fee may
be negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members to calculate the applicable
advisory fee. For example, we may combine values of tax-advantaged, taxable, individual and joint
accounts. Combining account values, a practice commonly known as "householding", increases the
asset total used for billing purposes, which may result in a reduced advisory fee based on achieving
break points in our fee schedule stated above.
...

Item 7 Types of Clients
We intend to offer investment advisory services to individuals, retirement and profit-sharing plans,
trusts, estates, charitable organizations, corporations, and other business entities.

In general, we require a minimum of $500,000 of client assets to establish a portfolio management
services relationship. At our discretion, we may waive this minimum. For example, we may waive the
minimum if you appear to have significant potential for increasing assets under our management. We

may also combine account values for you and your children, joint accounts with your spouse, and other
types of related accounts to meet the stated minimum. One or more of our Investment Adviser
Representatives (IAR) may require a higher minimum amount of assets in order to establish and
maintain a portfolio management services relationship with that IAR.

For our clients participating in a Separate Account Manager (SAM) program, generally, a minimum
of $100,000 is required to open and maintain an equity investment style account, and $500,000 for a
fixed income investment style account. Certain SAMs may have higher minimums.