AFG Fiduciary Services Limited Partnership

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
more written agreements with the Advisor.

A. Fees for Advisory Services
Wealth Management Services
Wealth management fees are paid monthly, in advance of each month, pursuant to the terms of the wealth
management agreement. Wealth management fees are based on the market value of assets under management
at the end of the prior month. Wealth management fees range from 0.50% to 1.50% annually based on several
factors, including the scope and complexity of the services to be provided, the level of assets to be managed, and
the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements,
portfolio restrictions, and other complexities may be charged a higher fee.

The wealth management fee in the first month of service is prorated from the inception date of the account[s] to the
end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed
by AFG will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the
Custodian’s valuation to ensure accurate billing.

The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and
other related costs and expenses described in Item 5.C. below, which may be incurred by the Client. However, the
Advisor shall not receive any portion of these commissions, fees, and costs.

                                        AFG Fiduciary Services Limited Partnership
                                    Primary Office: 2 Essington Drive, Hingham, MA 02043
                                        Phone: (781) 741-2540 | Fax: (781) 741-2541
                                                     www.afgfiduciary.com

Clients may make additions to and withdrawals from their account[s] at any time, subject to AFG’s right to
terminate an account. Additions may be in cash or securities provided that AFG reserves the right to liquidate any
transferred securities or decline to accept particular securities into a Client’s account[s]. Clients may withdraw
account assets on notice to AFG, subject to the usual and customary securities settlement procedures. However,
AFG designs its portfolios as long-term investments, and the withdrawal of assets may impair the achievement of a
Client’s investment objectives. AFG may consult with its Clients about the options and ramifications of transferring
securities. However, Clients are advised that when transferred securities are liquidated, they are subject to fees
assessed at the mutual fund level (i.e., contingent deferred sales charge) and/or tax ramifications.

Financial Planning Services
AFG may include financial planning as part of its overall wealth management services or as a separate standalone
engagement. For separate engagements, AFG offers financial planning services on either an hourly basis or a
fixed engagement fee. Hourly engagements are billed at a rate of up to $300 per hour. Fixed engagements are
negotiated based on the expected number of hours to complete the engagement at the Advisor’s hourly rate. Fees
may be negotiable at the sole discretion of the Advisor, depending on the nature and complexity of services to be
provided. An estimate for total hours and/or costs will be provided to the Client prior to engaging in these services.

Retirement Plan Advisory Services
Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.00%, billed either
monthly or quarterly (the Billing Period), pursuant to the terms of the retirement plan advisory agreement.
Retirement plan advisory fees are based on the market value of assets under management.

B. Fee Billing
Wealth Management Services
Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s]
at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be
deducted from the Client’s account[s] at the beginning of each month. The amount due is calculated by applying
the monthly rate (annual rate divided by 12) to the total assets under management with AFG at the end of the prior
month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting the deduction of
the wealth management fee. Clients are urged to also review the statement provided by the Custodian, as the
Custodian does not perform a verification of fees. Clients provide written authorization permitting wealth
management fees to be deducted by AFG to be paid directly from their account[s] held by the Custodian as part of
the wealth management agreement and separate account forms provided by the Custodian.

Financial Planning Services
Fees for hourly and fixed fee financial planning engagements may be invoiced up to 50% upon execution of the
financial planning agreement, with the balance due upon completion of the engagement deliverable[s]. Certain
Clients may have their financial planning fees included with their overall investment advisory fees.

Retirement Plan Advisory Services
Retirement plan advisory fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the
Plan, pursuant to the terms of the retirement plan advisory agreement. Fees are calculated either in advance of or
at the end of the Billing Period.

C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties other than AFG in connection with
investments made on behalf of the Client’s account[s]. The Advisor includes securities transaction costs as part
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Item 7 – Types of Clients
AFG offers investment advisory services to individuals, high net worth individuals, families, trusts, estates,
businesses, and retirement plans. The amount of each type of Client is available on the Advisor’s Form ADV
Part 1A. These amounts may change over time and are updated at least annually by the Advisor. AFG generally
does not impose a minimum size for establishing a relationship. However, certain investments and strategies
may require certain minimums for effective implementation.