Accretive Wealth Partners LLC

Item 5 – Fees and Compensation
                                            Accretive Wealth Partners, LLC
                                     1 Gatehall Drive, Suite 207, Parsippany, NJ 07054
                                       Phone: (973) 970-2627 * Fax: (973) 756-2288
                                            http://accretivewealthpartners.com

The following paragraphs detail the fee structure and compensation methodology for services provided by AWP.
Each Client engaging AWP for services described herein shall be required to enter into a written agreement with
AWP.

A. Fees for Advisory Services
Wealth and Investment Management Services
Investment advisory fees generally are billed quarterly, in advance of each calendar quarter, pursuant to the
terms of the investment advisory agreement. Investment advisory fees generally are based on the account total
market value at the end of the prior calendar quarter. With respect to assets managed directly by AWP,
investment advisory fees are calculated in accordance with the following schedule:

                 Assets Under Management ($)                Annual Rate (%)
                 Up to $1,000,000                                0.90%
                 $1,000,001 to $3,000,000                        0.70%
                 $3,000,001 to $5,000,000                        0.50%
                 $5,000,001 to $10,000,000                       0.40%
                 Over $10,000,000                                0.30%

In general, we require a minimum account size of $1,000,000 and/or a minimum fee of $9,000 per year to open
and maintain an advisory account, any of which may be waived in our discretion.

AWP may also engage bond separate account managers to manage individual bond portfolios for Clients when
appropriate. AWP calculates its fee with respect to assets allocated to bond separate account managers in
accordance with the following schedule.

                 Assets Under Management ($)                Annual Rate (%)
                 On Assets up to $1,000,000                      0.40%
                 On Assets: $1,000,001+                          0.30%

To the extent a portion of a Client’s assets is allocated to individual bond managers, those assets are not
aggregated with the portion of the Client’s assets that are managed directly by AWP for purposes of calculating
investment advisory fees in accordance with the above schedules. Investment advisory fees paid to AWP for
allocating Client assets to bond separate account managers do not include the bond manager’s fee, which is
billed separately to the Client by the bond manager.

The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to
the end of the first quarter. Fees may be negotiable at the sole discretion of AWP and, as a result, potential or
existing Clients may pay higher or lower fees than noted above and one Client may pay a higher fee to AWP
than a second Client who is receiving substantially similar services. In addition, there are many other factors
which could lead to a Client paying a fee which deviates from the standard fee schedule or from a different Client
who is receiving substantially similar services. Such factors may include, but are not limited to, the level of
investment management activity and supervision required, the size of the Client’s account, the number of Client
accounts managed, the length of the relationship, the nature of the discretionary service provided, the types of
investment guidelines and restrictions applicable to the account, or the level of Client service required. The
Client’s fees will take into consideration the aggregate assets under management with AWP. For this purpose,
the assets of all Clients residing in a single household (i.e., at the same address) will be aggregated for purposes
of determining aggregate assets under management with the AWP. The Advisor will conduct periodic reviews of
the Custodian’s valuations. AWP does not have the authority or responsibility to value portfolio securities.

AWP has instituted a Client Alignment Programtm (“CAP”) to pass cost savings on to investment advisory Clients
as AWP’s billable assets under management (“AUM”) increase. Billable assets under management are defined
as the assets on which AWP charges an advisory fee. AWP’s revenues primarily are derived from investment

                                            Accretive Wealth Partners, LLC
                                     1 Gatehall Drive, Suite 207, Parsippany, NJ 07054
                                       Phone: (973) 970-2627 * Fax: (973) 756-2288
                                            http://accretivewealthpartners.com

advisory fees based on a specified percentage of assets under management as described above. As such,
AWP’s revenues increase as its billable AUM increases. Therefore, AWP views its billable AUM as a key
measure of its success as a business. AWP recognizes that, when it crosses certain billable AUM thresholds, it
will realize economies of scale, meaning that its profits with respect to billable AUM above those thresholds will
increase. AWP is committed to sharing these economies of scale with its investment advisory clients. To that
end, AWP has voluntarily committed to waiving the quarterly fees payable by each AWP Client by a specified
amount, which amount shall be based on AWP’s aggregate billable assets under management as of the end of
each calendar quarter, as illustrated in the table below.

                          AWP’s Billable Assets Under         Client Alignment Programtm
                          Management                          (CAP) Voluntary Fee Waiver
                          (Based on Quarter End AUM:
                          12/31, 3/31, 6/30, 9/30)
                          >$100,000,000                       2.5% Waiver
                          >$150,000,000                       5.0% Waiver
...

Item 7 – Types of Clients

AWP offers investment advisory and financial planning services to individuals, high net worth individuals, trusts,
charitable organizations, corporations, financial institutions and estates. The minimum account size for an
investment advisory client generally is $1,000,000, measured from the time the account is first opened with AWP.
This minimum can be waived in AWP’s discretion. As financial planning services generally are billed hourly, there
generally is no minimum initial account size for financial planning clients.