Avisen Advisors LLC

Item 5 – Fees and Compensation
A.    Avisen Advisors is compensated for investment advisory service on a fee-only basis.
      Avisen Advisors fees are exclusive of brokerage commissions, however, may include
      transaction fees and other related costs and expenses which shall be incurred by the
      client. Clients may incur certain charges imposed by custodians, brokers, third party
      investment and other third parties such as fees charged by managers, custodial fees,
      deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
      electronic fund fees, and other fees and taxes on brokerage accounts and securities
      transactions. Mutual funds and exchange traded funds also charge internal
      management fees, which are disclosed in a fund’s prospectus. Such charges, fees
      and commissions are exclusive of and in addition to Avisen Advisors’ fee, and Avisen
      Advisors shall not receive any portion of these commissions, fees, and costs.

       Item 12 further describes the factors that Avisen Advisors considers in selecting or
       recommending broker-dealers for client transactions and determining the
       reasonableness of their compensation (e.g., commissions).

       FEE SCHEDULES

       Below are fee schedules for the specific advisory programs outlined in Item 4 above.
       All fees are subject to negotiation.

       Avisen Advisors Investment Portfolio (annualized)
       Portfolio Assets Valued At:                     Basic Fee Schedule
       First $1,000,000                                       2.00%
       Next $2,000,000                                        1.50%

                            Avisen Advisors, LLC

Amount over $3 million                                   1.00%

Global Portfolio Solution (annualized)
Portfolio Assets Valued At:                        Basic Fee Schedule
Up to $1,000,000                                          3.00%
Next $1,000,000                                           2.80%
Greater than $2,000,000                                   2.00%

Advisory Choice Portfolio (annualized)
Portfolio Assets Valued At:                        Basic Fee Schedule
All Assets                                                1.50%

The minimum, initial investment is $50,000 / Minimum Annual Fee is $1,000
(whichever is greater)

Fees for Financial Planning Services

Ongoing Financial Planning and Investment Management. You may retain Avisen
Advisors to provide the combined service of ongoing financial planning and
investment management services. The annual fee for this service is based on a
percentage of assets under management per the Avisen Advisors Investment
Portfolio (annualized) fee schedule listed above or as negotiated. The Client is
required to sign the Avisen Advisors Investment Management Agreement. There
may be a one-time initial planning fee for assets below $400,000, or a minimum
annual fee of $5,000.

Fixed Fees. Financial Planning fees typically range from $600 to $6,000 for an initial
financial plan, depending on the Client’s specific goals, the complexity of the plan,
and the time required to complete the project. Before the engagement begins, you
will be required to sign the Financial Planning Agreement, which will confirm the
fee in writing. One half of the fee will be payable upon acceptance of the
engagement, or up to $500. The balance will be due upon completion of the initial
financial plan. The fee for subsequent financial plan updates will be billed at our
standard hourly rate.

Hourly Consulting Fees. Avisen Advisors offers hourly consulting services at an
hourly rate of $300. Estimates are provided and the fee is due upon completion of
the project. Since the nature of the work often involves variables or circumstances
unknown at the start of the engagement, estimates are not guaranteed.

Annual Financial Plan Review. An annual review is encouraged to update all
relevant data and to discuss any significant changes in personal goals or
circumstances recommended for staying on track with the Client’s financial plan, or

                                  Avisen Advisors, LLC

     when a significant event occurs. At the same time, external conditions, including,
     but not limited to, general market and investment conditions, tax law changes and
     other topics are reviewed for potential impact. Areas covered during the review are
     determined by the Client. If not receiving ongoing investment management
     services, the hourly fee for these reviews is at the standard hourly rate and
     generally lasts 2-6 hours.

     A client shall not be required to prepay more than $500 and six or more months in
     advance of the financial planning service.

B.   The specific manner in which fees are charged by Avisen Advisors is established in
     the client’s Investment Advisory Agreement with Avisen Advisors. Avisen Advisors
     will bill its fees on a quarterly basis in advance of each calendar quarter. Client fees
     are directly debited from the client accounts by the Custodian as directed by the
     Broker-Dealer, however the client may elect to be invoiced for fees or authorize
     Avisen Advisors to debit fees directly from a different client account. Management
     fees may be prorated for each capital contribution and withdrawal made during the
     applicable calendar quarter (with the exception of de minimis contributions and
     withdrawals). Accounts initiated or terminated during a calendar quarter will be
     charged a prorated fee. Upon termination of any account, any prepaid, unearned
     fees will be promptly refunded, and any earned, unpaid fees will be due and payable.

C.   As discussed below, unless the client directs otherwise or an individual client’s
     circumstances require, Avisen Advisors shall generally recommend that Avisen
     Wealth Management, Inc. (“AWM”) serve as the broker-dealer and Pershing LLC as
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Item 7 – Types of Clients
Avisen Advisors provides portfolio management services to individuals, high net worth
individuals, business entities, trusts, corporate pension and profit-sharing plans, and
foundations. Account size minimums may apply depending on the advisory program
selected; refer to Item 5 for details.