Barnstone Advisors LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our annual fee for portfolio management services is equal to up to 1.00% of the market value of your
assets under our management. Assets in each of your account(s) are included in the fee assessment
unless specifically identified in writing for exclusion.

Our annual portfolio management fee is billed and payable, quarterly in arrears, based on the balance
of invested assets at end of billing period. We do not bill on cash. If the portfolio management
agreement is executed at any time other than the first day of a calendar quarter, our fees will apply on
a pro rata basis, which means that the advisory fee is payable in proportion to the number of days in
the quarter for which you are a client. Our advisory fee is negotiable, depending on individual client
circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts.

We will send you an invoice for the payment of our advisory fee, or we will deduct our fee directly from
your account through the qualified custodian holding your funds and securities. We will deduct our
advisory fee only when you have given our firm written authorization permitting the fees to be paid
directly from your account. Further, the qualified custodian will deliver an account statement to you at
least quarterly. These account statements will show all disbursements from your account. You should
review all statements for accuracy.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian call our main office number located on the cover page of this
brochure.

A contract may be terminated by either Barnstone or the client at any time upon written notice of
termination to the other. You will incur a pro rata charge for services rendered prior to the termination
of the portfolio management agreement, which means you will incur advisory fees only in proportion to
the number of days in the quarter for which you are a client. If you have pre-paid advisory fees that we
have not yet earned, you will receive a prorated refund of those fees. However, you may terminate the
portfolio management agreement at any time within five business days from the date of inception. If
terminated by the client within five business days from the date of inception, all fees that have been
paid will be immediately refunded.

Financial Planning and Consulting Services
We charge an hourly fee of $200 for financial planning or consulting services, which is negotiable
depending on the scope and complexity of the plan, your situation, and your financial objectives. An
estimate of the total time/cost will be determined at the start of the advisory relationship. In limited
circumstances, the cost/time could potentially exceed the initial estimate. In such cases, we will notify

you and request that you approve the additional fee. Depending on the terms of our agreement with
you, a deposit may be required to start the engagement. If a deposit is required, we will never
requirement prepayment of a fee more than six months in advance and in excess of $1,200.

We will send you an invoice for financial planning or consulting services advisory fees that are due
upon completion of the engagement or project. Payment of services rendered is due within 30 days of
the receipt of the invoice. A contract may be terminated by either Barnstone or the client at any time
upon written notice of termination to the other. If a contract is terminated prior to the end of the
engagement, we will refund a prorata portion of the unearned fees if a deposit is required at the
inception of the engagement or send you an invoice of the prorata portion of the fees due.

At our discretion, we may offset our financial planning fees to the extent you implement the financial
plan through our Portfolio Management Service.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices,
refer to the Brokerage Practices section of this brochure.

Item 7 Types of Clients
Barnstone offers services to individuals, including high net worth individuals, trusts, estates, and
charitable organizations.

In general, we require a minimum of $250,000 to open and maintain an advisory account. At our
discretion, we may waive this minimum account size. For example, we may waive the minimum if you
appear to have significant potential for increasing your assets under our management.