Calderwood Financial Strategies Inc

ITEM 5   Fees and Compensation
         ANNUAL FEES FOR ADVISORY SERVICES
         Calderwood Financial is compensated for providing asset management services by charging
         a negotiable fee based on the total assets under management. The fees and billing will be pre-
         determined in writing in the Investment Advisory Agreement executed by you and
         Calderwood Financial.
         Fees for retirement plan services are negotiated before the signing of the Retirement Plan
         Advisory and Consulting Agreement. The agreement language includes the negotiated fee,
         which may be charged as a percentage of the total retirement plan assets and/or a flat annual
         fee.
         The below ranges are the standard fee ranges that are typically charged.

                        Asset Management Fee Schedule
                                   All Assets                   0.10% to 2.50%

                        Retirement Plan Advisory and Consulting Fee Schedule
                          Percentage of Plan Assets              0.10% - 1.50%

         FEE BILLING & PAYMENT
         Our asset management fees are annual fees and are negotiable. Asset management fees are
         paid either monthly or quarterly in arrears. Payments are due on the first day of the calendar
         month or quarter and are based on the account’s asset value as of the last business day of the
         prior time period in question, either monthly or quarterly, multiplied by the applicable
         compensation rate. The fee for the prior time period is billed and payable within ten (10)
         days after the end of the prior month. Our asset management fee will be payable only when
         in receipt of your written authorization by executing an investment advisory agreement. The
         qualified custodian will deliver an account statement to you at least quarterly, which will
         show all disbursements from your account. We urge you to review all statements for
         accuracy. Your account at the custodian may also be charged for certain additional assets
         managed for you by us but not held by the custodian (i.e., variable annuities, mutual funds,
         401(k)s).

Retirement plan consulting fees will be billed on a monthly or quarterly basis, in arrears, at
the end of each applicable period and are due within ten (10) days after the date of invoice,
unless otherwise agreed to by the parties. The fee will either be billed directly to the plan
sponsor or paid directly from the plan assets if authorized by the plan fiduciary. Retirement
plan consulting fees are paid via a mutually agreed upon payment method.
In TPMM accounts, the TPMM deducts the advisory fee from the client’s account and will
forward the fee to our firm. We urge our clients to refer to the selected TPMM’s disclosure
documents for exact fees and expenses charged by each such TPMM, as well as minimum
account requirements, refund, and termination provisions. A complete description of each
program can be found in disclosure materials prepared by the TPMM, which we will provide
to the client at the time we recommend the program.
CFS will charge a one-time access payment of $1,100 for an access link to the Estately
software. This charge is only paid via credit card.
You are responsible for all third-party fees (i.e., custodian fees, mutual fund fees, transaction
fees, etc.). These fees are separate and distinct from the fees and expenses charged by
Calderwood Financial.

TERMINATION OF AGREEMENT
Either party may terminate the investment advisory agreement by providing 30-day advance
written notice. Upon termination of any account, any prepaid, unearned fees will be promptly
refunded, and any earned, unpaid fees will be due and payable up to and including the
effective date of termination.
Notwithstanding the above, if we do not deliver the appropriate disclosure statement to you
at least 48 hours prior to you entering into any written or oral advisory contract with us, then
you have the right to terminate the contract without penalty within five (5) business days
after entering into the contract.

OTHER EXPENSES AND FEES
The fees discussed above include payment solely for the investment advisory services
provided by us and are separate from certain fees or charges that are imposed by third parties
in connection with investments made on your behalf for your account. Third-party fees may
include markdowns, markups, brokerage commissions, other transaction costs, and/or
custodial fees.
All fees paid to us for asset management services are separate from the expenses charged by
exchange-traded funds and mutual funds to their shareholders. These fees and expenses will
be used to pay management fees for the funds, other fund expenses, account administration,
and a possible distribution fee. Exchanged traded funds and mutual funds can be invested in
directly by you without our services. However, you would not receive our services to assist
you in determining which products or services are most suitable for your financial situation
and objectives. You should review both the fees we charge, and the fees charged by the fund(s)
to understand the total fees to be paid fully.
Please refer to Item 12 of this brochure for a more detailed explanation of brokerage
practices.

OTHER COMPENSATION
Certain of our associated persons are also licensed insurance agents. In this capacity, the IARs

         may recommend insurance, advisory, or other products and receive normal insurance
         commissions if products are purchased through the IAR(s) in this capacity. Thus, a conflict of
         interest exists between the interests of these individuals and those of the advisory clients,
         creating an incentive for the IAR(s) to recommend products based on the compensation
         received rather than on a client’s needs. However, clients are under no obligation to act upon
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ITEM 7   Types of Clients
         We provide our investment advisory services to:
         - Individuals
         - High Net Worth Individuals
         - Pension and profit-sharing plans
         - Trusts
         - Estates or charitable organizations
         - Corporations
         - Other business entities
         We do not have a minimum account size for our asset management services.