724 Asset Management LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management           Annual Fees
        All Assets                              1.00%

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior billing period.

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of 724 Asset Management's fees within five business days of signing the

Investment Advisory Contract. Thereafter, clients may terminate the Investment
Advisory Contract immediately upon written notice.

Selection of Other Advisers Fees

724 Asset Management will receive its standard fee on top of the fee paid to the third party
adviser. This relationship will be memorialized in each contract between 724 Asset
Management and each third-party adviser. The fees will not exceed any limit imposed by
any regulatory agency.

724 Asset Management may engage in the selection of third-party money managers but
does not have any such arrangements in place at this time. This service may be canceled
immediately upon written notice.

Subadviser Services Fees

724 Asset Management may also act as a subadviser to unaffiliated third-party advisers.
The notice of termination requirement and payment of fees for subadviser services will
depend on the specific third-party investment adviser engaging 724 Asset Management
as subadviser. This relationship will be memorialized in each contract between 724 Asset
Management and each third-party adviser. The fees will not exceed any limit imposed by
any regulatory agency.

Pension Consulting Services Fees

Asset-Based Fees for Pension Consulting

        Total Assets Under Management          Annual Fee
        $0 - AND UP                            1.00%

The advisory fee is calculated using the value of the assets on the last business day of the
prior billing period

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement.

Clients may terminate the agreement without penalty for a full refund of 724 Asset
Management's fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the pension consulting agreement
immediately upon written notice. 724 Asset Management bills based on the balance on
the first day of the billing period.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
or will be invoiced and billed directly to the client, payable by check or wire transfer on a
quarterly basis. Fees are paid in advance.

Payment of Pension Consulting Fees

Asset-based pension consulting fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis. Fees are paid in advance.

Payment of Selection of Other Advisers Fees

The timing, frequency, and method of paying fees for selection of third-party managers
will depend on the specific third-party adviser selected.

Payment of Subadviser Fees

Subadviser fees may be withdrawn from clients’ accounts or clients may be invoiced for
such fees, as disclosed in each contract between 724 Asset Management and the applicable
third-party adviser.

C. Client Responsibility For Third Party Fees

This brochure describes 724 Asset Management’s non-wrap fee advisory services; clients
utilizing 724 Asset Management’s wrap fee portfolio management should see the separate
Wrap Fee Program Brochure. Client accounts not participating in the wrap fee program
are responsible for the payment of all third party fees (i.e., custodian fees, commissions,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by 724 Asset Management. Please see Item 12
of this brochure regarding broker/custodian.

D. Prepayment of Fees

724 Asset Management collects fees in advance. Refunds for fees paid in advance but not
yet earned will be refunded on a prorated basis and returned within fourteen days to the
client via check, or return deposit back into the client’s account.

For all asset-based fees paid in advance, the fee refunded will be equal to the balance of
the fees collected in advance minus the daily rate* times the number of days elapsed in
the billing period up to and including the day of termination. (*The daily rate is calculated
by dividing the annual asset-based fee rate by 365.)

       E. Outside Compensation For the Sale of Securities to Clients

       Neither 724 Asset Management nor its supervised persons accept any compensation for
       the sale of investment products, including asset-based sales charges or service fees from
       the sale of mutual funds.

Item 7: Types of Clients

724 Asset Management generally provides advisory services to Other Investment Advisers.

There is no account minimum for any of 724 Asset Management’s services.