Buttonwood Financial Advisors Inc

Item 5. Fees and Compensation

FEES FOR INDIVIDUAL PORTFOLIO MANAGEMENT
Buttonwood charges a quarterly investment advisory fee based on the net value of the
assets in the account on the last business day of the prior quarter (the "Fee"). The Fee
charged to the account will be in accordance with the following schedule (“Fee Schedule”)
unless BFA, in its sole discretion, decides to charge less than the stated fee rates (“Annual
Advisory Fee Rate”) in the Fee Schedule:

Assets Under Management                      Annual Advisory Fee Rate (%)
The first $1,000,000                                  1.25%
Amounts from $1,000,000 to $5,000,000                    1.00%
Amounts over $5,000,000                                  0.75%

For example, if a client’s account is valued at $6,000,000, the annual fee would be
calculated as follows: ($1,000,000 x 1.25%) + ($4,000,000 x 1.00%) + ($1,000,000 x
0.75%).

Our fees are billed quarterly, in advance, at the beginning of each calendar quarter based
upon the market value, or fair market value in the absence of market value, of the client's
account at the end of the previous quarter. Fees may be directly paid by the client by check
or may be debited directly from the client’s account only with prior authorization. No fee
adjustments are made for deposits or partial withdrawals during a quarterly billing period
but may be prorated at account opening only when agreed upon in writing. A copy of
the invoice will be provided to the client upon request.

FEES FOR FINANCIAL PLANNING
A fee of $500 is due upon presentation of a completed comprehensive financial plan.

GENERAL INFORMATION
Advisory Fees in General: Similar advisory services may be available from other
investment advisers for similar, higher, or lower fees.

Negotiability of Fees: At our discretion, fees may be negotiated. We may also group
certain related client accounts for the purpose of determining the annualized fee. Further,
discounts, not generally available to our advisory clients, may be offered to family
members and friends of associated persons of our firm.

Courtesy Accounts: When mutually agreed, BFA may establish separate courtesy accounts
to hold specific legacy holdings but will not charge our management fee and will not
manage these assets, unless directed.

Termination of the Advisory Relationship: Investment management services may be
canceled at any time, by either party, for any reason upon receipt of five days written
notice. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded. In calculating a client’s reimbursement of fees, we will prorate the
reimbursement according to the number of days remaining in the billing period.

Fees for Financial Planning are paid upon completion of the service and, therefore, no pro
rata refund applies.

Fund Fees: All fees paid to BFA for investment advisory services are separate and distinct
from the fees and expenses charged by mutual funds and/or ETFs, which are described in
each fund's prospectus and 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. Clients can invest in mutual funds and ETFs directly
without our services, which are designed, among other things, to determine which mutual
fund or ETFs are most appropriate to each clients’ financial condition and objectives.
Clients should review both the fees charged by their funds and our fees to fully
understand the total amount of fees when evaluating our advisory services.

Additional Fees and Expenses: In addition to our advisory fees and fund 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, fees for duplicate
statements and transaction confirmations Please refer to Item 12 for additional
information about our brokerage practices.

Limited Prepayment of Fees: Under no circumstances do we require or solicit payment
of fees in excess of $500 more than six months in advance of services rendered.

Item 7. Types of Clients

BFA provides advisory services to individuals, trusts, estates, charitable organizations,
corporations, and pension and profit-sharing plans.

Our firm does not have a minimum account size or fee requirement.