Bartley Financial Advisors LLC

Fees and Compensation (Item 5)
Description
    BFA bases its fees on a percentage of assets under management, hourly
    charges and fixed fees (not including subscription fees),.
    Some Advisory Agreements are priced based on the complexity of work,
    especially when asset management is not the most significant part of the
    relationship.
    Details on the fees charged are described in the Advisory Agreement and
    Hourly Planning Engagements sections above.
    Fees are negotiable.
    BFA’s goal is to be a value to our clients.

Minimum Fees
    The minimum annual Advisory Agreement fee is $6,000.
    BFA has the discretion to waive the minimum fee. A minimum annual fee of
    less than $6,000 may be set up when the client and the advisor anticipate the
    client will add additional funds to their accounts or agree upon an increase in
    the annual fee to bring the total fee to $6,000 within a reasonable time. Other
    exceptions will apply to employees of BFA and their relatives, relatives of
    existing clients and friends.

Fee Billing
    Investment management fees are billed quarterly, in advance, meaning that
    we invoice a client before the three-month billing period has ended. Payment
    in full is expected upon invoice presentation. Fees are usually deducted from
    a designated client account to facilitate billing. The client must consent in
    advance to direct debiting of their investment account.

Other Fees
    Custodians charge transaction fees on purchases or sales of certain mutual
    funds, exchange-traded funds, stocks and bonds. These transaction charges

                           Bartley Financial Advisors, LLC

    are usually small and incidental to the purchase or sale of a security. The
    selection of the security is more important than the nominal fee that the
    custodian charges to buy or sell the security.
    BFA in its sole discretion, can waive its minimum fee and/or charge a lesser
    investment advisory fee based upon certain criteria (e.g., historical
    relationship, type of assets, anticipated future earning capacity, anticipated
    future additional assets, dollar amounts of assets to be managed, related
    accounts, account composition, negotiations with clients, etc.).
    New Advisory Service Agreement fees are calculated on a formula basis and
    adjusted for complexity of individual situations. The formula is based on
    income, net worth and other financial considerations.

Expense Ratios
    Mutual funds generally charge a management fee for their services as
    investment managers. The management fee is called an expense ratio. For
    example, an expense ratio of 0.25 means that the mutual fund company
    charges 0.25% for their services. These fees are in addition to the fees paid
    by a client to BFA.
    Performance figures quoted by mutual fund companies in various publications
    are after their fees have been deducted.

Past Due Accounts and Termination of Agreement
    BFA reserves the right to stop work on any account that is more than 60 days
    overdue. In addition, BFA reserves the right to terminate any financial
    planning agreement or engagement where a client has willfully concealed or
    has refused to provide pertinent information about financial situations when
    necessary and appropriate, in BFA’s judgment, to providing proper financial
    advice. Any unused portion of fees collected in advance will be refunded
    within 30 days.

Types of Clients (Item 7)
   Description
       BFA generally provides investment advice to individuals, pension and profit
       sharing plans, trusts, estates or charitable organizations and corporations or
       business entities.
       Client relationships vary in scope and length of service.

Methods of Analysis, Investment Strategies and Risk of Loss