Birks Financial Corp

Item 5 Fees and Compensation
Fee Schedule

Financial Plan
The fee for the Financial Plan may range from $1,900 to $30,000 depending on the size and scope of
the project. The fee is a flat fee and is quoted in advance within the client's Financial Plan Agreement.
One-half (50%) of the fee is paid in advance. The balance is due upon presentation of the Financial
Plan. Should the engagement last longer than six months between acceptance of financial planning
agreement and delivery of the financial plan, any prepaid unearned fees will be promptly returned to
you less a pro rata charge for bona fide financial planning services rendered to date.

Annual Retainer Fees
The annual retainer fee for BFC's Retained Financial Planning and Investment Management Services
will be charged as a percentage of the client's assets under management in accordance with the
schedule below:

Annual Fee
First $0 - $500,000        1.5%
Next $500,000 - $2,000,000 1.0%
Next $2,000,001+           0.75%

*We charge a minimum annual fee in the amount of $12,500 to open and maintain an advisory
account. At our discretion we may waive the minimum fee.

Our annual portfolio management fee is billed and payable, quarterly in arrears, based on the balance
at end of billing period.

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 may
be negotiable, depending on individual client circumstances.

You may terminate the portfolio management agreement upon Written notice. 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.

Fees (Other)
Instead of the fixed Financial Plan fees above, BFC's hourly rate to provide Financial Planning
Services is up to $1,000 per hour.

Fees may be negotiated for clients where specialized investment services are needed or for family
members or employees of the Advisor. The advisor reserves the right to adjust the fee schedule for
accounts depending on the size and type of account and the services required. In some cases,
negotiation of fees may result in different fees being charged for similar services and may be less than
the above stated fees.

Payment of Fees
If authorized by the client, BFC will directly debit the annual retainer fee from the client's custodial
account.

BFC's clients authorize the custodian, Charles Schwab and Co., Inc. ("Schwab"), to deduct from their
account and pay to BFC the financial planning and investment management fee for each calendar year
quarter. Clients will be invoiced in arrears at the end of each calendar quarter based upon the quarter
end values (market value or fair market value in the absence of market value, plus any credit balance
or minus any debit balance), of the client's assets under management during the previous quarter. BFC
will send clients a quarterly statement showing the amount of the financial planning and investment
management fee due, the account value on which the fee is based, how the fee was calculated, and all
fees paid from the account to BFC. Copies of the invoice for the fee are also sent to Schwab at the
same time as they are sent to the client.

Selection of Other Advisers
Our recommendations to use third party money managers are included in our portfolio management
fee. We do not charge you a separate fee for the selection of other advisers nor will we share in the
advisory fee you pay directly to the TPMM. Advisory fees that you pay to the TPMM are established

and payable in accordance with the Form ADV Part 2 or other equivalent disclosure document
provided by each TPMM to whom you are referred. These fees may or may not be negotiable. You
should review the recommended TPMM's brochure for information on its fees and services.

You may be required to sign an agreement directly with the recommended TPMM(s). You may
terminate your advisory relationship with the TPMM according to the terms of your agreement with the
TPMM. You should review each TPMM's brochure for specific information on how you may terminate
your advisory relationship with the TPMM and how you may receive a refund, if applicable. You should
contact the TPMM directly for questions regarding your advisory agreement with the TPMM.

Prepayment of Fees
BFC collects fees in advance and in arrears. If either BFC or the client cancels the agreement, BFC
will refund all fees or retainers that the client has advanced and for which services have not been
rendered. If the client cancels an agreement, the client is responsible for fees for the services rendered
by the Advisor for which the Advisor has not yet been paid based on work done through the date of
receipt of the termination notice.

Outside Compensation for the Sale of Securities to Clients
BFC does not receive any portion of fees and expenses charged by mutual fund companies and
separate account managers. The only compensation received by BFC are fees paid directly by the
client.

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
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Item 7 Types of Clients
BFC specializes in working with individuals, but may also work with trusts and estates. In general, we
require a minimum account size of $1,000,000 to open and maintain an advisory account. Exceptions
may be granted on a case by case basis.

We may also combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum.