Beckerman Institutional LLC

Item 5:        Fees and Compensation

All investment management clients will be required to execute an agreement that will describe the type
of management services to be provided and the fees, among other items. Clients are advised that they
may pay fees that are higher or lower than fees they may pay another advisor for the same services
and may in fact pay lower fees for comparable services from other sources. Clients are under no
obligation at any time to engage or to continue to engage, Beckerman Institutional for investment
services. If you do not receive a copy of this brochure at least 48 hours prior to the execution of an
Agreement, you may terminate the Agreement within the first five (5) business days without penalty.

       A. Fees Charged

           The terms and conditions of the fee structure are mutually agreed upon prior to entering
           into an Investment Management Agreement.

           Generally, management fees vary from .50% to 1.00% per annum of the market value of
           a client’s assets managed by Beckerman Institutional. Fees are negotiable, and the fee range
           stated is a guide. The fee chosen within that range is determined in part by the nature of
           the account, including the size of the account, complexity of asset structures, etc.

       B. Fee Payment

           Fees are billed quarterly, in arrears, at the end of each calendar quarter based upon the
           value (market value or fair market value in the absence of market value), of the client's
           account at the end of the previous quarter. This means that if your annual fee is 1.00%,
           we will take the previous quarter’s ending value, multiply the value by 1.00%, and then
           divide by 4 to calculate our fee. To the extent there is cash in your account, it will be
           included in the value for the purpose of calculating fees to the extent that cash is

   considered as a part of an investment strategy. Fees will be debited from the account in
   accordance with the client authorization in the Investment Management Agreement.

C. Other Fees

   Mutual Fund Fees

   All fees paid to Beckerman Institutional for investment advisory services are separate and
   distinct from the fees and expenses charged by mutual funds and/or ETFs to their
   shareholders. These fees and expenses are described in each fund's prospectus. These fees
   will generally include a management fee, other fund expenses, and a possible distribution
   fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales
   charge. A client could invest in a mutual fund directly, without first consulting Beckerman
   Institutional. In that case, the client would not receive the services provided by the Firm
   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 fees to fully
   understand the total amount of fees to be paid by the client and to thereby evaluate the
   advisory services being provided.

   Custodian Related Fees

   Clients are also responsible for the fees and expenses charged by custodians and imposed
   by broker dealers, including, but not limited to, any transaction charges imposed by a
   broker dealer with which an independent investment manager effects transactions for the
   client's account(s). Currently, the custodians recommended by Beckerman Institutional
   have an array of “transaction fee free” or “no transaction charge” investment options,
   where the client will not pay a fee or commission to the custodian for the transaction
   (purchasing or selling a security). Beckerman Institutional takes transaction costs into
   consideration when determining what securities to purchase for client accounts.

   Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for
   additional information.

   ERISA Accounts

   Beckerman Institutional is deemed to be a fiduciary to advisory clients that are employee
   benefit plans or individual retirement accounts (IRAs) pursuant to the Employee
   Retirement Income and Securities Act (“ERISA”). As such, the Firm is subject to specific
   duties and obligations under ERISA and the Internal Revenue Code that include among
   other things, restrictions concerning certain forms of compensation.

D. Pro-Rata Fees

   A client agreement may be canceled at any time, by either party, for any reason. Beckerman
   Institutional charges fees in arrears, meaning the amount charged in the beginning of any given
   quarter is for the prior quarter. This makes it likely that a termination will not result in the return of
   any fees. However, to the extent there ever are any unearned fees, theses will be promptly
   refunded. In calculating a client’s reimbursement of fees, we will pro rate the
   reimbursement according to the number of days remaining in the billing period.

            Beckerman Institutional will cease to perform services, including processing trades and
            distributions, upon termination. Assets not transferred from terminated accounts within
            30 (thirty) days of termination may be “de-linked”, meaning they will no longer be visible
            to Beckerman Institutional and will become a retail account with the custodian.

        E. Compensation for the Sale of Securities Not applicable.

Item 7:        Types of Clients

Beckerman Institutional’s clients are high net worth individuals, other individual investors, and
pension/profit sharing plans.

Beckerman Institutional's minimum account size is $500,000, subject to the Firm’s ability to waive this
minimum in its discretion.