Access Financial Group Inc

Item 5 Fees and Compensation
Advisory Fees

Institutional Program
The annual asset-based fee for the Institutional Program is charged as a percentage of assets under
management and will not exceed between 0.40% and 2.00% of the value of the portfolio. Clients are
billed no less than quarterly in arrears. The asset-based fee will be based on value of the client's
account as of the last day of the billing cycle. For the first billing, if an account is not opened at the
beginning/end of a billing cycle, the asset-based fee will be based upon a pro-rata calculation of the
aggregate market value of the client's assets under management beginning from the date the advisory
agreement is signed. Details of the asset-based fee charged are more fully described in the advisory
agreement entered into with the client.

Individual Client Services
Individual clients are charged asset-based fees for services rendered by AFG. Such fees, which shall
not exceed between 0.40% and 2.00%, are dependent upon the anticipated amount of work/service to
be provided and are agreed upon in writing by the client.

Fees are billed no less than quarterly in arrears, based on the value of the client's account as of the
last day of the billing period. For the first billing, if an account is not opened at the beginning/end of the
billing cycle, the asset-based fee will be based upon a pro-rata calculation of the aggregate market
value of the client's assets under management beginning from the date the advisory agreement is
signed.

Additional Fees & Expenses
Advisory fees are separate and distinct from the following expenses that accounts will incur:

    •   Brokerage and Investment Expenses
    •   Investment Company Expenses
    •   Cash Management Expenses
    •   Custodial Expenses

Revenue Sharing
AFG receives compensation (referred to as "Revenue Sharing") based on client balances in various
types of accounts with qualified custodian, Raymond James & Associates, Inc. ("RJ"), one of RJ's
affiliates, such as Raymond James Bank ("RJ Bank"), or a money market fund. Cash in a client's
account at RJ waiting investment may be invested pursuant to cash management or automatic cash
"sweep" programs in cash balance, money market fund, or deposit accounts offered by RJ, RJ Bank,
another RJ affiliate, or a money market, or mutual fund. Additionally, Revenue Sharing includes
compensation we receive from RJ based on the Brokerage and Investment Expenses they collect,
including margin interest and service charges. Revenue Sharing also includes compensation based on
balances in other RJ Bank products. Revenue Sharing payments are a maximum of 25 basis points
based on account values, except for RJ Bank products, for which the maximum is 50 basis points.

As a result of Revenue Sharing, our compensation increases as the balances grow in cash accounts,
money market funds, or deposit accounts with RJ, one of RJ's affiliates, RJ Bank, or a money market
fund, or as the margin debt owed (and margin interest paid) by a client increases, and as the balances
in other RJ Bank products grows. We have a conflict of interest due to our interest in receiving the
Revenue Sharing compensation. Consequently, we may be influenced to select or recommend RJ and

these types of accounts, and to select or recommend investments using margin to increase our
Revenue Sharing compensation rather than based on the best interests of the client in seeking the
suitable investments for their portfolio.

Brokerage and Investment Expenses
Client accounts will incur the Brokerage and Investment Expenses from their clearing firm for their
services as introducing and clearing broker-dealers (and in some cases, third-party brokers, electronic
networks, and exchanges) to execute and clear transactions for the purchase, sale, redemption, or
other transfer of securities. Following are examples of some of the types of fees and expenses that are
included in the Brokerage and Investment Expenses:

    • per-trade principal trade mark-up/mark-downs, and other transaction-related costs paid to
      introducing and executing brokers (including us, our clearing firm, and its affiliates), stock
      exchanges, electronic communications networks, and other trading intermediaries involved in
      executing account transactions to buy or sell securities;
    • odd lot charges, transfer and other taxes, floor brokerage fees, service, handling, delivery, and
      mailing fees, electronic wire transfer fees, currency exchange fees, margin interest, and other
      expenses related to investments made or assets held for the client's account; and
    • early redemption fees, excessive trading penalties, exchange fees, and surrender fees in
      connection with the purchase, exchange, or redemption of mutual funds and money market
      funds.

Investment Company Expenses
Mutual funds, money market funds, ETFs, and unit investment trusts (all referred to as a "fund") deduct
from their assets the internal management fees, operating costs, and investment expenses they incur
to operate the fund. These internal expenses generally include recordkeeping fees, and transfer and
sub-transfer agent fees, among others. All of these represent indirect expenses that are charged to the
fund's shareholders.

Frequently, these internal expenses also include "Distribution Fees." These amounts are deducted
from the fund's assets to compensate brokers who sell fund shares, as well as to pay for advertising,
printing and mailing prospectuses to new investors, and printing and mailing sales literature. Mutual
fund internal expenses also commonly include "Shareholder Service Fees" which are amounts
deducted from the fund's assets to pay the costs of responding to investor inquiries and providing
investors with information about their accounts.

Distribution Fees and Shareholder Service Fees are referred to collectively as "12b-1 Fees," named
...

Item 7 Types of Clients
AFG provides investment advisory services to individuals (including high net worth individuals), trusts,
estates and charitable organizations.

Engaging the Services of AFG
All clients wishing to engage AFG for investment advisory services must complete AFG's investment
advisory agreement, investor questionnaire as well as any other document or questionnaire provided
by AFG. The investment advisory agreement describes the services and responsibilities of AFG to the
client. It also outlines AFG's fee in detail. In addition, clients must complete certain broker
dealer/custodial documentation as described below. Upon completion of all these documents, AFG will
be considered engaged by the client. Clients are responsible for ensuring that AFG is informed in a
timely manner of changes in their investment objectives and risk tolerance.

Conditions for Managing Accounts
As a condition for starting or maintaining an investment management supervisory services account,
AFG requires clients and prospective clients to select AFG as their broker-dealer and AFG's then-
current clearing firm as their custodian. AFG has no minimum account size or management fee
requirements.