CFS Investment Advisory Services LLC

Item 5. Fees and Compensation
      CFS offers services on a fee basis, which includes fixed and/or hourly fees, as well as fees based upon
      assets under management or advisement. Additionally, certain of the Firm’s Supervised Persons, in their
      individual capacities, offer insurance products under a separate commission-based arrangement.

      Financial Planning and Consulting Fees

      CFS charges a fixed and/or hourly fee for providing financial planning and consulting services under a
      stand-alone engagement. For fixed-fee arrangements, fees are negotiable, but range from $500 to $5,000
      on a fixed fee basis, depending upon the scope and complexity of the services as well as the professional(s)
      rendering the services. For hourly-fee arrangements, the Firm charges $450 per hour for such services. If

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 Disclosure Brochure

      the client engages the Firm for additional investment advisory services, CFS may offset all or a portion of
      its fees for those services based upon the amount paid for the financial planning and/or consulting services.

      Investment Management Fees

      CFS offers investment management services for an annual fee based on the amount of assets under the
      Firm’s management. Fees will vary depending upon various factors including the specific advisor on your
      account, the amount of assets to be managed, the services included (or not included) in our agreement with
      you, and the anticipated amount of resources we expect to expend, or do expend, on your accounts.
      management fees for each advisor varies between 25 and 125 basis points (0.25% – 1.25%) annually. The
      annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets being
      managed by CFS on the last day of the billing period. In calculating the market value of a client’s assets,
      assets allocated to cash or a cash proxy, such as cash being held for dollar cost averaging, will be included
      in the calculation of assets under management. The only exception to this billing arrangement is for new
      clients or new accounts wherein the first billing may include a billing calculation in arrears from the date
      of the engagement to the end of that billing period.

      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.), CFS may 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 CFS 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.

      At the discretion of CFS, certain Clients may be offered a fixed fee option. The specific fixed fee amount
      and the methodology used to determine the fee are fully disclosed in the Client’s written Advisory
      Agreement and may be negotiable based on the nature of the Client. Clients who elect the fixed fee option
      will continue to enable eligible family members to benefit from the lowest applicable tier of the Firm’s
      standard family fee schedule. Fixed fees are billed and debited quarterly in advance and may be allocated
      across one or more accounts under management.

      Retirement Plan Consulting Fees
      For its retirement plan consulting services, CFS generally charges either (1) a fixed project-based fee or (2)
      a fee based on assets under advisement. 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. On a fixed fee basis, these fees range from $25,000 up to

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 Disclosure Brochure

      $65,000 per annum for highly complex and involved engagements. On an assets under advisement basis,
      these fees vary between 0.15% and 1.00% per annum.

      Fee Discretion

      CFS may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
      anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing/legacy client relationship, account retention
      and pro bono activities.

      Additional Fees and Expenses

      In addition to the advisory fees paid to CFS, clients also incur certain charges imposed by other third parties,
      such as broker-dealers, custodians, trust companies, banks and other financial institutions (collectively
      “Financial Institutions”). These additional charges include securities brokerage commissions and other
      transaction costs, custodial fees, fees charged by the Independent Managers reporting charges, margin costs,
      charges imposed directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus
      (e.g., fund management fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer
      taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
      transactions. The Firm’s brokerage practices are described at length in Item 12, below.

      Direct Fee Debit
...

Item 7. Types of Clients
      CFS offers services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations,
      corporations and business entities.

      Minimum Account Value

      As a condition for starting and maintaining an investment management relationship, CFS imposes a
      minimum portfolio value of $500,000. CFS may, in its sole discretion, accept clients with smaller portfolios
      based upon certain criteria, including future earning capacity, anticipated future additional assets, dollar
      amount of assets to be managed, related accounts, account composition, negotiations with client, etc.). CFS
      only accepts clients with less than the minimum portfolio size if the Firm determines the smaller portfolio
      size will not cause a substantial increase of investment risk beyond the client’s identified risk tolerance.
      CFS may aggregate the portfolios of family members to meet the minimum portfolio size.

      Certain Independent Managers may impose more restrictive account requirements and billing practices
      from the Firm. In these instances, CFS may alter its corresponding account requirements and/or billing
      practices to accommodate those of the Independent Managers.