Beaumont Asset Management LLC

Fees and Compensation - Item 5

 Portfolio Management Services Fees
 Our annual fee for portfolio management services is based on a percentage of the assets in your
 account and is set forth in the following blended tiered fee schedule:

  Assets Under Management                                Annual Maximum Fee*
  First $1,000,000                                       1.00%
  Next $4,000,000                                        0.80%
  Next $5,000,000                                        0.60%
  Next $10,000,000                                       0.40%
  $20,000,000 or above                                   0.20%

 *This is a blended tiered fee schedule. For example, the applicable management fee for a client with $2,500,000
 would be as follows: the first $1,000,000 would be billed at an annual rate of 1.00%; and, the next $1,500,000
 would be billed at an annual rate of 0.80%.

 We reserve the right to negotiate fixed percentage of assets fee not to exceed 1% of the portfolio
 balance. We may house-hold accounts to secure lower fees, which may extend to related clients not
 part of the same house-hold but are family.

 Our fees are based upon your assets under management as set forth in the above fee schedule. We
 may charge fees either monthly in arrears or quarterly in arrears depending on the client account. In
 all instances the client agreement will evidence the terms of relationship, including when fees are due
 and payable. Fees typically will be deducted from the client's account(s) monthly (quarterly for annuity
 assets) within ten (10) days following the end of the month or quarter for which said fees will be
 incurred. Our fees are calculated by multiplying the assets under management by the relevant percent
 and dividing such product by twelve (12) for accounts payable monthly or four (4) for accounts payable
 quarterly. Accounts opened in mid-month or mid-quarter will be assessed at a pro-rated management
 fee. Fees for the initial month or quarter will be adjusted pro-rata based upon the number of calendar
 days in the respective calendar month or quarter that the Agreement goes into effect. All advisory fees
 are negotiable.

 At the inception of portfolio management services, the first pay period’s fees will be calculated on a
 pro-rata basis. The portfolio management agreement between the Client and BAM will continue in
 effect until either party terminates in accordance with the terms of the portfolio management
 agreement. 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.

 Fees are subject to change with 30 days' written notice. Notwithstanding the above, certain clients of
 our firm with pre-existing relationships may initially be charged fees, which are less than those set out
 above. Concerning employee-related accounts and certain other accounts; our advisory fees may be
 less, depending upon a number of factors, including portfolio size, length of employment and
 relationship to the employee. Either party may terminate the Portfolio Management agreement upon
 written notice. You will be entitled to a pro-rata refund of any pre-paid monthly fee based upon the
 number of days remaining in the month after termination.

Form ADV Part 2A Brochure

 Financial Planning and Consulting Services
 We charge a fixed fee ranging up to $5,000 for financial planning and consulting services. Typically, the
 first half of the fee is due in advance of services rendered with the remaining balance payable upon
 completion of the contracted services. Clients may terminate their Financial Planning agreement within
 three days of the date of acceptance without penalty. After the three-day period, the initial plan
 development fee is non-refundable. For the remaining balance, the Client may terminate the plan
 development process but then they will incur a pro rata charge for the services actually rendered prior
 to such termination, not to exceed six (6) hours of assessed time at an hourly rate up to $250 per hour.

 Either party may terminate the agreement by written notice to the other. Any unearned fees will be
 refunded to the client upon termination.

 Additional Fees and Expenses
 As described above, the fees are charged as described and are not based on a share of capital gains of
 the funds of any advisory Client. All fees paid to BAM for investment advisory services are separate
 and distinct from the fees and expenses charged to shareholders by mutual funds or exchange traded
 funds. These fees and expenses are described in each fund's prospectus. These fees generally include a
 management fee, other fund expenses, and a possible distribution fee. If the fund also imposes sales
 charges, you may pay an initial or deferred sales charge. Clients should review the fees charged by the
 funds and the fees charged by BAM to fully understand the total amount of fees charged and to
 evaluate the cost of advisory services being provided.

                       Performance-Based Fees and Side-By-Side Management - Item 6

 Performance-based fees are based on a share of capital gains on or capital appreciation of the client’s
 assets. Side-by-side management refers to managing accounts that pay performance-based fees
 alongside those that do not pay performance-based fees. Our firm and Associated Persons do not
 accept performance-based fees.

Types of Clients - Item 7

 We provide our investment advisory services to individuals and high net worth individuals, pension and
 profit-sharing plans (retirement plans), trusts, estates, charitable organizations, corporations, and
 other business entities.

 In general, we do not require a minimum dollar amount to open and maintain an advisory account;
 however, we have the right to terminate your account if it falls below a minimum size which, in our sole
 opinion, is too small to manage effectively.

                     Methods of Analysis, Investment Strategies and Risk of Loss - Item 8

 Our investment strategies and advice may vary depending on your specific financial situation. As such,
 we determine investments and allocations based on your predefined objectives, risk tolerance, time

Form ADV Part 2A Brochure

 horizon, financial horizon, financial information, liquidity needs, and other various suitability factors.
 Your restrictions and guidelines may affect the composition of your portfolio.

 We may use one or more of the following methods of analysis when providing investment advice to
 you:

     •   Fundamental Analysis – Fundamental analysis is a method of evaluating a company or security
         by attempting to measure its intrinsic value. In other words, trying to determine a company’s
         or a security’s true value by looking at all aspects of the business, including both tangible factors
         (e.g., machinery buildings, land, etc.) and intangible factors (e.g., patents, trademarks, “brand”
         names, etc.). Fundamental analysis also involves examining related economic factors (e.g.,
         overall economy and industry conditions, etc.), financial factors (e.g., company debt, interest
         rates, management salaries, and bonuses, etc.), qualitative factors (e.g., management
         expertise, industry cycles, labor relations, etc.), and quantitative factors (e.g., debt-to-equity
         and price-to-equity ratios). The end goal of performing fundamental analysis is to produce a
         value that an investor can compare with the security's current price in hopes of determining
         what sort of position to take with that security (underpriced = buy, overpriced = sell or short).
         This method of security analysis is considered the opposite of technical analysis. Fundamental
         analysis is about using real data to evaluate a security's value. Although most analysts use
         fundamental analysis to value stocks, this method of valuation can be used for just about any
         type of security. The risk associated with fundamental analysis is that information obtained
         may be incorrect and the analysis may not provide an accurate estimate of earnings, which may
         be the basis for a stock's value. If securities prices adjust rapidly to new information, utilizing
         fundamental analysis may not result in favorable performance.

 We may use one or more of the following investment strategies when advising you on investments:

     • Long-Term Purchases – securities purchased with the expectation that the value of those
       securities will grow over a relatively long period of time, generally greater than one year. Using
       a long-term purchase strategy generally assumes the financial markets will go up in the long
       term which may not be the case. There is also the risk that the segment of the market that you
       are invested in or perhaps just your particular investment will go down over time even if the
       overall financial markets advance. Purchasing investments long-term may create an
       opportunity cost - "locking up" assets that may be better utilized in the short-term in other
       investments.

     • Short-Term Purchases – securities purchased with the expectation that they will be sold within
       a relatively short period of time, generally less than one year, to take advantage of the
       securities' short-term price fluctuations. Using a short-term purchase strategy generally
       assumes that we can predict how financial markets will perform in the short term which may
       be very difficult and will incur a disproportionately higher amount of transaction costs
       compared to long-term trading. Many factors can affect financial market performance in the
       short term (such as short-term interest rate changes, cyclical earnings announcements, etc.)
       but may have a smaller impact over longer periods of time.

 Investing in securities involves the risk of loss that clients should be prepared to bear. Clients should
 fully understand the nature of the contractual relationship(s) into which they are entering and the

Form ADV Part 2A Brochure

 extent of their risk exposure. Certain investment strategies may not be suitable for many members of
 the public. You should carefully consider whether the strategies employed would be appropriate for
 you in light of your experience, objectives, financial resources, and other relevant circumstances.

 Recommendation of Particular Types of Securities
 As disclosed under the “Advisory Business” section in this brochure, we primarily offer advice on equity
 securities, corporate debt securities, mutual fund shares, and exchange traded funds. Additionally, we
 may advise you on any type of investment that we deem appropriate based on your stated goals and
 objectives. Each type of security has its own unique set of risks associated with it and it would not be
 possible to list here all of the specific risks of every type of investment. Even within the same type of
 investment, risks can vary widely. However, in very general terms, the higher the anticipated return of
 an investment, the higher the risk of loss associated with it.

 General Investment Risk: All investments come with the risk of losing money. Investing involves
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