Accordant Advisory Group Inc

Item 5​    Fees and Compensation
                       INDIVIDUAL PORTFOLIO MANAGEMENT

                      Ambassador Investment Account Program

The annualized fees for Individual Portfolio Management services in the Ambassador
program are charged as a percentage of assets under management, according to
the following schedules:

Account Value                    Quarterly Fee         Annualized Fee
Up to $1 million                 .5625%                2.25%
$1 million up to $2 million      .5                    2.00%
$2 million up to $5 million      .4375                 1.75%
$5 million up to $10 million     .375                  1.50%
$10 million and up               .3125                 1.25%

The fee is a “wrap fee” and, therefore, includes all execution and clearing charges
except: (1) certain dealer markups and odd lot differentials, transfer taxes, exchange
fees mandated by the Securities and Exchange Act of 1934 and any other charges
imposed by law with regard to any transactions in the account; and (2) offering
concessions and related fees for purchases of public offerings of securities.

There is a minimum account size of $10,000 required for the Ambassador program.

The client will receive RJA’s Wrap Fee program Brochure (Form ADV Part 2A Appendix
1), which describes the Ambassador program’s services and fees.

Fees Billed in Advance: The advisory fee will be billed quarterly in advance at the
beginning of each calendar quarter based upon the asset value (market or fair market
value in the absence of market value, plus any credit balance or minus any debit
balance), of the client's account value as of the last day of the previous calendar
quarter.

Clients authorize and direct AAG and RJA to deduct asset based advisory fees from the
client’s account. The custodian, Raymond James & Associates, sends statements at
least quarterly to the client which shows all amounts disbursed from the client’s account,
including the advisory fees paid to AAG. Clients understand that the brokerage
statement will show the amount of the asset-based fee, the value of the assets on which
the fee was based, and the specific manner in which the fee was calculated.

                                FINANCIAL PLANNING

Our Financial Planning service fee is calculated and charged on an hourly basis at the
rate of $500 per hour. All fees are agreed upon prior to entering into a contract with any
client.

The client is billed quarterly in arrears based on actual hours accrued.

                        ERISA RETIREMENT PLAN SERVICES

Fees for retirement plan services provided to ERISA Plan Sponsors are negotiated by
AAG and the Plan Sponsor and will not exceed 0.50% A Plan Sponsor’s agreement with
the recordkeeper will determine the frequency at which fees are paid. For example, fees
may be calculated and billed quarterly in arrears; however, some recordkeepers may
calculate and bill more frequently.

                             ADDITIONAL COMPENSATION

The principal executive officer is separately licensed as an insurance agent or broker for
one or more insurance companies. As such, this individual, in their separate capacities
as insurance agent or broker, will be able to purchase insurance products for clients. As
a result, these individuals will receive separate, yet customary compensation (i.e.,
commissions. This individual spends approximately two hours per month on this related
activity.

A conflict of interest exists between the interests of these individuals, and those of the
advisory clients, creating an incentive for them to recommend insurance products based
on the compensation received through various insurance companies, rather than on a
client’s needs. However, clients are under no obligation to act upon any
recommendations of these individuals or to effect any transactions through them if they
decide to follow the recommendations.

                               GENERAL INFORMATION

Limited Negotiability of Advisory Fees: Although AAG has established the
aforementioned fee schedule(s), we retain the discretion to negotiate alternative fees
on a client-by-client basis. Client facts, circumstances and needs are considered in
determining the fee schedule. These include the complexity of the client, assets to be
placed under management, anticipated future additional assets; related accounts;
portfolio style, account composition, reports, among other factors. The specific annual
fee schedule is identified in the contract between the adviser and each client.

We may group certain related client accounts for the purposes of achieving the
minimum account size requirements and determining the annualized fee.

Termination of the Advisory Relationship: A client agreement may be canceled at
any time, by either party, for any reason upon receipt of written notice. Upon termination
of any account, AAG will refund to the client the prorated portion of the advisory fee for
the quarter of termination.

Mutual Fund Fees: All fees paid to AAG are separate and distinct from the fees and
expenses charged by mutual funds and/or ETFs to their shareholders. These fees and
expenses are described in each fund's prospectus. These fees will generally include
management and operating expenses of open-end, closed-end and exchange traded
funds; short-term trading charges of certain mutual funds, and a possible distribution
fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales
charge. A client could invest in a mutual fund directly, without our services. In that case,
the client would not receive the services provided by our firm which are designed,
among other things, to assist the client in determining which mutual fund or funds are
most appropriate to each client's financial condition and objectives. Accordingly, the
client should review both the fees charged by the funds and our fees to fully
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Item 7​    Types of Clients
AAG provides advisory services to the following types of clients:

·​    Individuals
·​    High net worth individuals
·​    Pension and profit sharing plans
·​    Charitable organizations
·​    Corporations

There is a minimum account size of $10,000 required for the Ambassador program.
Please refer to Item 5 of this disclosure brochure for more information.