Broadway Advisor Group

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management          Annual Fees
        $1 - $999,999                          1.50%

        $1,000,000 - $2,999,999                1.25%

        $3,000,000 - $5,999,999                1.00%

        $6,000,000 - AND UP                    0.75%

BAG uses an average of the daily balance in the client's account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of BAG's fees within five business days of signing the Investment Advisory
Contract. Thereafter, clients may terminate the Investment Advisory Contract generally
with 30 days' written notice.

Selection of Other Advisers Fees

BAG will be compensated via a fee share from the advisers to which it directs those clients.
This relationship will be memorialized in each contract between BAG and each third-
party adviser. The fees shared will not exceed any limit imposed by any regulatory
agency.

Pension Consulting Services Fees

Asset-Based Fees for Pension Consulting

        Total Assets Under Management          Annual Fee
        $0 - $999,999                          0.75%

        $1,000,000 - $2,499,999                0.50%

        $2,500,000 - $4,999,999                0.25%

        $5,000,000 - $9,999,999                0.15%

        Total Assets Under Management          Annual Fee
        $10,000,000 - AND UP                   0.10%

BAG uses an average of the daily balance in the client's account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.

These fees are generally negotiable, and the final fee schedule will be memorialized in the
client’s advisory agreement.

Clients may terminate the agreement without penalty for a full refund of BAG's fees
within five business days of signing the Investment Advisory Contract. Thereafter, clients
may terminate the pension consulting agreement generally with 30 days' written notice.
BAG uses an average of the daily balance in the client’s account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.

Fixed Fees

The rate for creating client pension consulting plans is between $1,000 and $25,000. The
final fee schedule will be memorialized in the client’s advisory agreement. This service
may be canceled with 30 days’ notice.

Financial Planning Fees

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $350 and $2,000.

Hourly Fees

The negotiated hourly fee for these services is between $150 and $500.

Clients may terminate the agreement without penalty, for full refund of BAG’s fees, within
five business days of signing the Financial Planning Agreement. Thereafter, clients may
terminate the Financial Planning Agreement generally upon written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis. Fees are paid in arrears.

Payment of Pension Consulting Fees

Asset-based pension consulting fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis or may be invoiced and billed
directly to the client on a quarterly basis. Clients may select the method in which they are
billed. Fees are paid in arrears.

Fixed pension consulting fees are paid via check. These fees are paid in arrears upon
completion.

Payment of Selection of Other Advisers Fees

The timing, frequency, and method of paying fees for selection of third-party managers
will depend on the specific third-party adviser selected.

Payment of Financial Planning Fees

Financial planning fees are paid via check and wire.

These fees are charged 50% in advance, but never more than six months in advance, with
the remainder due upon presentation of the plan.

C. Client Responsibility for Third Party Fees

This brochure describes BAG’s non-wrap fee advisory services; clients utilizing BAG’s
wrap fee portfolio management should see the separate Wrap Fee Program Brochure for
additional details regarding third party fees. Client accounts not participating in the
wrap fee program are responsible for the payment of all third-party fees (i.e., custodian
fees, commissions, brokerage fees, mutual fund fees, transaction fees, etc.). Those fees
are separate and distinct from the fees and expenses charged by BAG. Please see Item 12
of this brochure regarding broker/custodian.

D. Prepayment of Fees

BAG collects some of its fees in arrears and some of its fees in advance.

Refunds for fees paid in advance will be returned within fourteen days to the client via
check, or return deposit back into the client’s account.

Fixed fees that are collected in advance will be refunded based on the prorated amount of
work completed at the point of termination.

For hourly fees that are collected in advance, the fee refunded will be the balance of the
fees collected in advance minus the hourly rate times the number of hours of work that
has been completed up to and including the day of termination.

       E. Outside Compensation for the Sale of Securities to Clients

       Neither BAG nor its supervised persons accept any compensation for the sale of
       investment products, including asset-based sales charges or service fees from the sale of
       mutual funds.

Item 7: Types of Clients

BAG generally provides advisory services to the following types of clients:

       ❖      Individuals
       ❖      High-Net-Worth Individuals
       ❖      Pension and Profit-Sharing Plans

There is no account minimum for any of BAG’s services.