Dean Financial Services LLC

Item 5       Fees and Compensation
MANAGEMENT AND CONSULTING FEES

The fee for discretionary portfolio management, retirement plan consulting and portfolio management using third
party money managers, are charged as a percentage of assets under management, according to the following
standard fee schedule:

                  Account Size             Quarterly Rate       Annual Rate
                  First $500,000           .2500%               1.00%
                  Next $500,000            .1875%               0.75%
                  Next $1,500,000          .1500%               0.60%
                  Next $2,500,000          .1250%               0.50%
                  Next $5,000,000          .0875%               0.35%

Although DFS has established the aforementioned standard fee schedule, we retain the discretion to negotiate
alternative fees on a client-by-client basis based on a number of factors. These factors include the complexity of
the client, assets to be placed under management, anticipated future additional assets, related accounts, portfolio
style, account composition, and reports, among other factors. A client's actual fee is detailed in the contract between
DFS and the client.

Clients of DFS who also invest in the Dean Funds will pay only those fees charged to investors by the Dean Funds,
i.e., the value of the client's investment in the Dean Funds is excluded from our quarterly portfolio management fee
calculation.

GENERAL INFORMATION

Calculation of Advisory Fee: Fees are determined by calculating the market value of each portfolio (including
money market funds) as of the last day of the preceding quarter, multiplied by the annual management fee and
prorating that amount over the actual number of days in the quarter. Quarterly fees are billed in advance and
invoices are generated at the beginning of each quarter. DFS may either invoice the clients directly, or the client
may direct the custodian to debit the client account to pay the advisory fee, at the client's choice and direction.
Where portfolios are managed for several related entities, DFS may combine quarterly values of the related
portfolios for fee computation purposes. Fee deduction authority alone does not constitute custody, and safeguards
are in place as described in Item 15.

Termination of the Advisory Relationship: Any client of DFS who wishes to terminate our services must provide
written notification of the termination. As disclosed above, management fees are paid in advance of services
provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. In calculating a
client's reimbursement of fees, we will prorate the reimbursement according to the number of days remaining in the
billing period.

Mutual Fund and Other Fees: All fees paid to DFS for investment advisory services are separate and distinct from
the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are
described in each fund's prospectus. These fees will generally include a management fee, a possible distribution
fee, and other fund expenses as described in the prospectus. Clients are also responsible for the fees and expenses
charged by custodians and imposed by broker dealers. Please refer to the "Brokerage Practices" section (Item 12)
of this Form ADV for additional information.

Wrap Fee Programs and Separately Managed Account Fees: Clients participating in a separately managed
account program using a third-party manager may be charged various program fees in addition to the advisory fee
charged by our firm. Such fees may include the investment advisory fees of the independent advisers, which may
be charged as part of a wrap fee arrangement. In a wrap fee arrangement, clients pay a single fee for advisory,
brokerage and custodial services, and so portfolio transactions are executed without a commission charge pursuant
to the wrap fee arrangement. Although DFS does not sponsor or act as a manager of a wrap fee program, third
party managers we use may do so.

Item 7       Types of Clients
DFS provides advisory services to individuals, retirement plans, charitable organizations, and businesses.

Although the firm has no published minimum account requirements, the firm reserves the right not to accept certain
accounts based on the size of the account and the nature of the services being provided.