Capital Financial Advisors of New York LLC

Fees and Compensation
    Description
      CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC bases its fees on a
      percentage of assets under management, hourly charges and fixed fees.
       Some Retainer Agreements may be priced based on the complexity of work.
       Financial plans are priced according to the degree of complexity associated
       with the client’s situation.

    Fee Billing
       Investment management fees are billed quarterly, in ARREARS, meaning that
       CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC invoices the client
       AFTER the three-month billing period has ENDED. Payment in full is
       expected upon invoice presentation. Fees are usually deducted from a
       designated client account to facilitate billing. The client must consent in
       advance to direct debiting of their investment account.

    Other Fees
       Custodians and the Securities and Exchange Commission (SEC) may charge
       transaction fees on purchases or sales of certain mutual funds and exchange-
       traded funds. These transaction charges are usually small and incidental to
       the purchase or sale of a security. The selection of the security is more
       important than the nominal fee that the custodian or SEC charges to buy or
       sell the security.
       CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC, in its sole discretion,
       may waive its minimum fee and/or charge a lesser investment advisory fee
       based upon certain criteria (e.g., historical relationship, type of assets,
       anticipated future earning capacity, anticipated future additional assets, dollar
       amounts of assets to be managed, related accounts, account composition
       and similar considerations).

                       Capital Financial Advisors of New York, LLC

    Expense Ratios
      Mutual funds generally charge a management fee for their services as
      investment managers. The management fee is called an expense ratio. For
      example, an expense ratio of 0.50 means that the mutual fund company
      charges 0.5% for their services. These fees are in addition to the fees paid
      by the client to CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC.
       Performance figures quoted by mutual fund companies in various publications
       are after their fees have been deducted.

    Past Due Accounts and Termination of Agreement
      CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC reserves the right to
      stop work on any account that is more than 30 days overdue. In addition,
      CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC reserves the right to
      terminate any financial planning engagement when a client has willfully
      concealed or has refused to provide pertinent information about financial
      situations when necessary and appropriate, in CAPITAL FINANCIAL
      ADVISORS OF NEW YORK, LLC’s judgment, to providing proper financial
      advice. Any unused portion of fees collected in advance will be refunded
      within 30 days.

Types of Clients
    Description
      CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC generally provides
      investment advice to individuals, pension and profit sharing plans, trusts,
      estates and corporations or business entities.
       Client relationships vary in scope and length of service.

    Account Minimums
      The minimum account size is $500,000 of assets under management, which
      equates to an annual fee of $5,000.

                      Capital Financial Advisors of New York, LLC

       CAPITAL FINANCIAL ADVISORS OF NEW YORK, LLC has the discretion to
       waive the account minimum. Accounts of less than $500,000 may be set up
       when the client and the advisor anticipate the client will add additional funds
       to the accounts bringing the total to $500,000 within a reasonable time. Other
       exceptions will apply to employees of CAPITAL FINANCIAL ADVISORS OF
       NEW YORK, LLC and their friends, relatives, or relatives of existing clients.

Methods of Analysis, Investment Strategies and Risk of Loss