Cutter Financial Group LLC

Item 5 – Fees and Compensation
The following section provides the fee structure and how Cutter Financial Group is compensated for providing
advisory services.

A. Fees for Advisory Services
Investment advisory fees are paid monthly in arrears on the first business day of the month, based on the average
daily market value of assets under management during the previous month.

                                 Annual Percentage fee for Asset under Management

                                                     1.00% to 2.00%

 Fees are based on the scope and complexity of the services to be provided, the level of assets to be managed,
 and the amount of time and expertise required. Relationships with multiple objectives, specific reporting
 requirements, portfolio restrictions and other complexities will be a factor in determining the annual fee.

 Firm & Individuals Disclosure Brochure

   •    The investment advisory fee for the first month of service are prorated from the inception date of the
        account[s] to the end of the first month.

   •    Fees are negotiable at the sole discretion of the Advisor.

   •    Fees for special circumstances may be offered at a reduced rate.

   •    All securities held in accounts managed by Cutter Financial will be independently valued by the
        Custodian. Cutter Financial will not have the authority or responsibility to value portfolio securities.
In addition to the monthly investment advisory fee, Cutter Financial charges an annual technology fee at the
beginning of each year.

The fee is generally charged per account based on the following schedule:

                                          Account Assets ($)           Annual Fee ($)
                                            Up to $49,999                  $35
                                          $50,000 to $99,999               $60
                                          $100,000 and over                $100
B. Fee Billing
Investment advisory fees are calculated by the Advisor and deducted from the Client’s account[s] at the
Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted
from the Client’s account[s] at the beginning of the month. The amount due is calculated by applying the monthly
rate (annual rate divided by 12) to the average daily balance of assets under management with Cutter Financial
during the previous month. Clients will be provided with a statement, at least quarterly, from the Custodian
reflecting deduction of the investment advisory fee. Client are encouraged to verify the accuracy of fees as listed
on the Custodian’s brokerage statement. Clients provide written authorization permitting advisory fees to be
deducted from their account[s] as part of the investment advisory agreement. and separate account forms provided
by the Custodian.

C. Mutual Fund Fees and Other Fees and Expenses
Client assets are primarily invested in mutual funds managed by third parties. The funds pay their investment
managers and other service providers fees, which reduce the funds’ investment returns and are borne
proportionately by all fund shareholders, including Cutter clients. These mutual fund fees, or “expense ratios,”
are described in the funds’ prospectuses, and are separate from and in addition to the fees charged by Cutter.
Client assets are also held in brokerage accounts which are subject to certain custodial fees; such as, checks
returned or debit declines for insufficient funds as well as a full transfer out fee and potential third-party service
provider costs. These fees and expenses are further described in the brokerage agreement.

 Firm & Individuals Disclosure Brochure

        Mutual Fund Share Class Disclosure and Fiduciary Duty (12b-1 Fees)
        Section 206 of the Investment Advisers Act of 1940 (“Advisers Act”) imposes a fiduciary duty to act
        in a client’s best interests and specifically prohibits investment advisers, directly or indirectly, from
        engaging in any transaction, practice, or course of business which operates as a fraud or deceit upon
        any client or prospective client. However, the fiduciary duty to which advisers are subject is not
        specifically defined in the Advisers Act or the Commission rules but reflects a Congressional
        recognition “of the delicate fiduciary nature of an investment advisory relationship” as well as a
        Congressional intent to eliminate, or at least expose, all conflicts of interest which might incline an
        investment adviser, consciously or unconsciously, to render advice which was not disinterested.
        When selecting a mutual fund for a client’s advisory account, the investment advisor representative has
        a fiduciary duty to select the share class that helps manage the overall fee structure of the account.

D. Payment of Fees and Termination
Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to
the other party. The Client may also terminate the investment advisory agreement within five (5) business days of
signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur charges
for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the
Client. The Client’s investment advisory agreement with the Advisor is non-transferable without the Client’s prior
consent.

E. Compensation for Sales of Securities
Cutter Financial does not buy or sell securities for commission compensation.

F. Insurance Products Compensation
Cutterinsure, Inc., an affiliate of Cutter Financial Group, and Cutter Financial Group representatives who are
licensed as insurance agents, receive commissions and other compensation from insurance companies and
insurance intermediaries for the sale of insurance products. Commission rates differ from product to product and
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Item 7 – Types of Clients
Cutter Financial Group offers investment advisory services to individuals, high net worth individuals, trusts,
estates and charitable organizations. Cutter Financial Group generally does not impose a minimum size for
establishing a relationship.