Carr Financial Group Corporation

Item 5: Fees and Compensation

  We base our fees on fixed fees, and a percentage of assets under management which are
  described below.

  Financial Planning and Consulting Fees
  We charge a fixed fee for providing financial planning and consulting services under a stand-
  alone engagement. These fees are negotiable, but range from $1,000 to $10,000, depending
  upon the scope and complexity of the services and the professional rendering the financial
  planning and/or the consulting services. The fee can be for a defined project, such as the
  delivery of a plan, or for ongoing services. If the client engages the Firm for additional
  investment advisory services, we can offset all or a portion of its fees for those services based
  upon the amount paid for the financial planning and/or consulting services.

  For project-based services we require one-half of the fee (estimated hourly or fixed) payable
  upon execution of the Advisory Agreement. The outstanding balance is due upon delivery of the
  financial plan or completion of the agreed upon services.

  Wealth Management Fees
  We offer wealth management services for an annual fee based on the amount of assets under
  the Firm’s management. This management fee varies up to 200 basis points (2.00%), depending
  upon the size and composition of a client’s portfolio, the type and amount of services rendered
  and the individual(s) providing the services. The annual fee is prorated and charged quarterly,
  in advance, based upon the market value of the assets being managed by us on the last day of
  the previous quarter as determined by a party independent from the Firm (including the client’s
  custodian or another third-party).

  If assets are deposited into or withdrawn from an account after the inception of a billing period,
  the fee payable with respect to such assets is not adjusted to reflect the interim change in
  portfolio value. For the initial period of an engagement, the fee is calculated on a pro rata basis.
  In the event the advisory agreement is terminated, the fee for the final billing period is prorated
  through the effective date of the termination and the outstanding or unearned portion of the
  fee is charged or refunded to the client, as appropriate.

  Additionally, for asset management services the Firm provides with respect to certain client
  holdings (e.g., held-away assets, accommodation accounts, alternative investments, etc.), we
  can negotiate a fee rate that differs from the range set forth above. Clients are advised that a
  conflict of interest exists for the Firm to recommend that clients engage us for additional
  services for compensation, including rolling over retirement accounts or moving other assets to
  the Firm’s management. Clients retain absolute discretion over all decisions regarding engaging

the Firm and are under no obligation to act upon any of the recommendations.

Retirement Plan Consulting Fees
We charge a fixed project-based fee to provide clients with retirement plan consulting services.
Each engagement is individually negotiated and tailored to accommodate the needs of the
individual plan sponsor, as memorialized in the Agreement. These fees vary, based on the scope
of the services to be rendered, and range up to $10,000 per annum on a fixed fee basis or up to
100 basis points (1.00%), depending upon services provided and the amount of assets to be
advised on.

Family Office Fees
Lucey Advisory Group charges a fixed fee for providing family office services under a stand-
alone engagement. These fees are negotiable but range up to $12,000 per month (charged in
advance), depending upon the scope and complexity of the services and the professional
rendering the services.

Use of Margin
We can recommend that certain clients utilize margin in the client’s investment portfolio or
other borrowing. We do not recommend such borrowing for leverage. The borrowing is
generally used for other borrowing needs, such as bridge loans and other financing needs, or in
order to utilize options. The Firm’s fees are determined based upon the value of the assets
being managed gross of any margin or borrowing.

Other Compensation
Neither we nor any of our supervised persons (employees) accept compensation for the sale of
securities. As disclosed in Item 10, certain IAR’s receive insurance-related compensation,
including compensation for the sale of fixed and equity indexed annuities, which are not
securities.

Agreement Terms
Either party may terminate an agreement at any time by notifying the other in writing. If the
client made an advance payment, we would refund any unearned portion of the advance
payment. If the client made a payment in arrears, we would collect any earned yet unpaid fees.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if

the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
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Types of Clients
  We offer services to individuals, high net worth individuals, trusts, estates, charitable
  organizations, corporations and other business entities, pension and profit-sharing plans.

  Account Minimums
  We have no minimum account size.