Anchor Bay Capital Inc

Item 5 – Fees and Compensation
Investment Management Fees

Advisory Fees for Investment Management Services will range from .95% to 1.75%
annually. Accounts in excess of $1,000,000 under management are typically charged a
1.20% annual management fee and the fee for accounts above $4,000,000 are generally
1.00% annually.

The types of investments in an account, number of accounts, the complexity of the client’s
financial situation, and the amount of additional time and resources required to address
ongoing issues will impact the management fee. The agreed-upon fee schedule will be
stated in the client's advisory agreement. ABC may group certain related client accounts
for the purposes of determining the annualized fee.

Fee Payment Method

Clients will typically have their account directly debited, as authorized, in advance at the
beginning of each calendar quarter. If the client account is custodied with Betterment, it
will be directly debited at the end of each quarter in arrears. At the opening of the account,
the management fee will be calculated, and the client will be billed based upon the value
of the initial assets.

The calculation of quarterly fees will be based on the average daily balance during the
previous quarter.

                                    Retirement Plans

Fees range from 0.25% to 0.90% per year, and are negotiable based on the complexity
and the time involved in the investment planning process, number of investment options
available, and investment allocation and reallocation frequency.

These advisory fees are one part of a total plan fees for sponsoring a company plan, which
typically include record keeping, third party administration and custody.

Fees are billed quarterly in advance and calculated based on the total value of the online
access account assets as of the end of each month and added together for the quarter.
Fees are billed to Third Party Administrator who deducts them from the Plan.

Investment Planning Fees

                                    Retirement Plans

Fees range from 0.25% to 0.90% per year, and are negotiable based on the complexity
and the time involved in the investment planning process, number of investment options
available, and investment allocation and reallocation frequency.

These advisory fees are one part of a total plan fees for sponsoring a company plan, which
typically include record keeping, third party administration and custody.

Fees are billed quarterly in advance and calculated based on the total value of the online
access account assets as of the end of each month and added together for the quarter.
Fees are billed to Third Party Administrator who deducts them from the Plan.

                              Retirement Plan Participants

Fees range from 0.50% to 0.75% per year, and are negotiable based on the complexity
and the time involved in the investment planning process, number of investment options
available, and investment allocation and reallocation frequency.

Fees are billed quarterly in advance and calculated based on the total value of the online
access account assets as of the end of the previous quarter. Clients can have fees
deducted from a designated account or can elect to be billed directly.

If fees are deducted from a designated account, the client must provide written
authorization to the account custodian to have fees deducted and paid directly to ABC. At
least quarterly, the account custodian will send account statements to clients that include
a listing of advisory fees deducted.

Clients should review their account statement and verify appropriate fees are being
deducted. If fees are billed directly to clients, they are due immediately upon receipt of
ABC's billing invoice.

For California Residents: California Code of Regulations requires that all investment
advisers disclose to their advisory clients that lower fees for comparable services may be
available from other sources.

Financial Planning Service Fees

Financial Planning Services fees range from $500 to $2,500 payable by invoice or by
deduction from a designated account with written authorization from the client. There is no
charge for new clients with assets under management by the Adviser in excess of
$250,000.

Financial Planning Services fees are payable in arrears and vary depending on the plan's
complexity and the time involved in preparation of the plan. ABC estimates the number of
hours the services will take and quotes a flat fee based on a multiple of $150 an hour but
with a floor and a cap on fees. The Adviser will accept payments via credit card for financial
planning services.

Additional Information Regarding Fees

Negotiability of Fees: In certain circumstances, all fees and minimums may be negotiable.
In addition, certain family members and personal acquaintances of ABC's affiliated
persons may receive advisory services at a discounted rate which is not available to
advisory clients generally.

Additional Expenses: All fees paid to ABC for investment advisory services are separate
and distinct from the fees and expenses charged by mutual funds, exchange traded funds
and other investment and insurance products and services to their shareholders and
customers. These fees and expenses are disclosed in each fund's prospectus and/or the
service contract for the investment or insurance product or service. These fees will generally
include a management fee, other fund expenses, a possible distribution fee, and a possible
redemption fee. A client could invest in a mutual fund, exchange traded fund, or other
investment or insurance product or service directly, without the services of ABC. In that
case, the client would not receive the services provided by ABC 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 other
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Item 7 – Types of Clients
The Adviser provides advisory services to:

       Individuals – Trusts, estates, 401(k) plans and IRAs of a household count as one
        individual.
       High net worth individuals – An individual who is a “qualified client” under rule
        205-3 of the Advisers Act of 1940 or is a “qualified purchaser”.
       Business entities such as corporations and including sole proprietorships
       Pension and profit-sharing plans including 401(k) plans (but not the plan
        participants)

Account Minimums

ABC generally prefers a minimum of $1,000,000 of assets under management to establish
a new advisory relationship; however, the minimum may be waived at the sole discretion
of the ABC. Certain related client accounts may be grouped for the purposes of achieving
the minimum account size and determining the annualized fee.