Corrales & Company LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management          Annual Fees
        $1 - $500,000                          1.75%

        $500,001 - $3,000,000                  1.30%

        $3,000,001 - $5,000,000                1.00%

        $5,000,001 - $10,000,000               0.85%

        $10,000,001 - AND UP                   0.75%

Corrales & Co. uses an average of the daily balance in the client's account throughout the
billing period, after taking into account deposits and withdrawals, for purposes of
determining the market value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of Corrales & Co.'s fees within five business days of signing the Investment
Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract
immediately upon written notice.

Selection of Other Advisers Fees

Corrales & Co. may direct clients to third-party investment advisers to manage all or a
portion of the client's assets. Upon disclosure to Clients and the Clients’ written
acknowledgement and consent, Clients will pay Corrales & Co. its standard fee in
addition to the standard fee for the advisers to which it directs those clients. This
relationship will be memorialized in each contract between Corrales & Co. and each third-
party adviser. The fees will not exceed any limit imposed by any regulatory agency.

Financial Planning Fees

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $99 and $10,000.

Clients may terminate the agreement without penalty, for full refund of Corrales & Co.’s
fees, within five business days of signing the Financial Planning Agreement. Thereafter,
clients may terminate the Financial Planning Agreement generally upon written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a monthly basis. Fees are paid in arrears.

    Payment of Selection of Other Advisers Fees

    The timing, frequency, and method of paying fees for selection of third-party managers
    will depend on the specific third-party adviser selected.

    Payment of Financial Planning Fees

    Financial planning fees are paid via check and wire.

    Fixed financial planning fees are paid in arrears upon completion.

    C. Client Responsibility for Third-Party Fees

    Clients are responsible for the payment of all third-party fees (i.e. custodian fees,
    brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
    distinct from the fees and expenses charged by Corrales & Co. Please see Item 12 of this
    brochure regarding broker-dealer/custodian.

    D. Prepayment of Fees

    Corrales & Co. collects its fees in arrears. It does not collect fees in advance.

    E. Outside Compensation for the Sale of Securities to Clients

    Luis Alonso Corrales and Joseph Martin Landesman, in their outside business activities
    (see Item 10 below), are licensed to accept compensation for the sale of investment
    products to Corrales & Co. clients. This presents a conflict of interest and gives the
    supervised person an incentive to recommend products based on the compensation
    received rather than on the client’s needs. When recommending the sale of securities or
    investment products for which the supervised persons receive compensation, Corrales &
    Co. will document the conflict of interest in the client file and inform the client of the
    conflict of interest. Clients always have the right to decide whether to purchase Corrales
    & Co. -recommended products and, if purchasing, have the right to purchase those
    products through other brokers or agents that are not affiliated with Corrales & Co.

    Commissions are not Corrales & Co.’s primary source of compensation for advisory
    services. Advisory fees that are charged to clients are not reduced to offset the
    commissions or markups on securities or investment products recommended to clients.

Item 7: Types of Clients

Corrales & Co. generally provides advisory services to the following types of clients:

       ❖       Individuals
       ❖       High-Net-Worth Individuals

There is no account minimum for any of Corrales & Co.’s services.