Centennial Securities Company Inc

ITEM 5: FEES AND COMPENSATION
      Our fees vary depending upon the market value of your assets under management and the
management services you select and may be higher or lower than fees charged by other firms for
comparable services. Additionally, participation in the programs discussed in this brochure
may cost you more or less than purchasing all the relevant services separately.

        Investment Management Fees Outside of Advisory Programs

              We disclose your specific fee in your Investment Management Agreement with us.
        Although we may negotiate our fee, our standard fee schedule is as follows:

                            Account Value              Annualized Fee
                            Under $500,000             0.75% – 2.00%
                         $500,000 – $1,000,000         0.50% – 1.75%
                            Over $1,000,000            0.25% – 1.50%

                We may agree to aggregate your accounts for purposes of calculating the asset level
        and fee. If you engage our services, our Investment Management Agreement will describe
        the specific manner and amount of our advisory fee. We may negotiate our fee under
        certain circumstances and negotiated fees may be higher or lower than our standard
        fee schedule. Please see the section below entitled, “Fee Negotiation.”

                We rely upon your custodian’s account statements for fee calculation purposes.
        Our advisory fees will be billed and paid quarterly in advance. Each quarterly fee will be
        determined by applying one quarter of the billing rate to the value of your account as of
        the end of the previous quarter (or as of the inception of our relationship for the first
        quarterly fee). Our advisory fees cover our investment advisory services, but do not cover
        other charges as described below in the section entitled, “Other Account-Related
        Expenses.”

                Unless otherwise agreed in writing, you will authorize us to deduct our periodic
        advisory fees from your designated account. Your authorization is limited to our
        withdrawing our advisory fees as and when due. We will provide your custodian with your
        written fee deduction authorization. We will not make the fee withdrawal if you timely
        object, in writing to us or your custodian. On a quarterly basis, your account custodian
        will provide you with an account statement indicating the advisory fees paid to us from
        your account. You may terminate your authorization at any time, in writing, but you will
        remain responsible for promptly paying us any advisory fees that remain due and unpaid.

Centennial Securities Company, Inc               6                                Form ADV Part 2A

                If our direct fee deduction has been authorized, then our fees will be deducted from
        the cash balance in your account. If insufficient cash is available, then we will typically
        liquidate a sufficient amount of securities in your account to cover the balance due in the
        following order: money market shares, mutual fund shares, and then other types of
        securities. For taxable accounts, a liquidation of securities may result in taxable income to
        you.

        Third-Party Managers Program Fees

                Total fees, including our share of those fees, will typically range from at least 0.50%
        up to 2.50% per year. Our fees will be included in the total fees charged and collected by
        RBC. RBC pays us our portion of the fees and pays the Third-Party Manager their portion
        of the fees. The asset-based fee you pay covers advisory, execution, custodial, and
        reporting services for your account. Each quarter, RBC will bill you one all-inclusive fee,
        covering our portion, the Third-Party Manager’s portion, and RBC’s portion of the
        advisory fees for the program or programs you select.

        Financial Planning and Consulting Fees

                While often included in our asset-based advisory fee, our fees for financial planning
        and consulting may be charged on either an hourly basis or at a fixed project fee. The
        amount of time it may take for us to prepare a financial plan or to provide consulting
        services, and hence our fees, vary based on factors such as the scope of your desired
        financial plan and the complexity of your personal circumstances. Generally, our hourly
        fees range from $100–$300 for our professional staff and $50–$100 for our administrative
        staff. The applicable hourly charge or fixed fee will be specified in our contract prior to
        you engaging our services. You may also negotiate a flat, project-based fee.

        Advisory Fees for Defined Contribution Plans

                Fees for Defined Contribution Plans will be negotiated with the Plan Sponsor. The
        actual billing rate will be specified in the contact we sign with you. We rely upon your
        custodian’s account statements for fee calculation purposes. Our advisory fees are billed
        to the plan’s sponsor, trustees, or third-party plan administrator depending upon your
        wishes. Our fees will be due promptly upon receipt of our invoice. Depending upon the
        terms of the plan, some or all of our fees may be allocated among the plan’s participants
        by the plan’s sponsor, trustees, or third-party plan administrator in accordance with the
        plan’s governing documents.

        Fee Negotiation

                Our representatives may negotiate fees taking into consideration such things as
        the size of your account, the number of managed portfolios or accounts, your relationship
        with other clients (e.g., family and friends), the length of our relationship with you, the
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ITEM 7: TYPES OF CLIENTS
        We provide portfolio management services to individuals, high net worth individuals,
corporate pension and profit-sharing plans, trusts and estates, charitable institutions, endowments,
foundations, as well as corporations and other business entities. Minimum account size varies by
the investment management program you select.