Erben Associates LLC

ITEM 5   Fees and Compensation
         FINANCIAL PLANNING/CONSULTING SERVICES FEES

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          We charge clients fixed annual fees, ranging from $10,000 to $100,000 per year, based on the complexity
          of the plan or project and the range of services we are retained to provide.
          We will invoice fees semi-annually or quarterly, in equal parts, in advance or at the time of delivery of the
          plan, as agreed with each client.
          The length of time it will take us to provide a financial plan will depend on each client’s personal situation.
          Typically, however, the financial plan will be presented to the client within 90 days of the contract date,
          provided all information needed to prepare the financial plan has been promptly provided by the client.

          PENSION CONSULTING SERVICES FEES
          Our fees for Pension Consulting Services are based on a percentage of assets under advisement and range
          from 17 basis points – 50 basis points on an annual basis depending on the size of the plan. Clients are
          billed in arrears at the end of each calendar month or quarter based upon the value (market value or fair
          market value in the absence of market value), of plan assets at the end of the previous quarter.

          MANAGER OF MANAGERS PROGRAM FEES
          In each third-party adviser program, the adviser deducts the advisory fee from the client’s account and
          then will forward a portion of the fee to our firm. We urge our clients to refer to selected third-party
          adviser's disclosure documents for exact fees and expenses charged by each such third-party adviser, as
          well as minimum account requirements, refund, and termination provisions. All refunds of fees paid
          under these third-party advisory programs must be obtained directly from the adviser, not from our firm.
          A complete description of each program can be found in disclosure materials prepared by the third-party
          adviser, which we will provide to the client at the time we recommend the program.
          Fees we receive from each third-party adviser selected by the client will vary depending on the program,
          the instruments invested in within a program, the amount of assets invested, and specific fee negotiated
          between our firm and each third-party adviser. Typically, our firm’s share of the total fee charged to the
          client by the third-party adviser will range from 0.50% to 1.00% of client's assets under management with
          the third-party adviser and under advisement with our firm.
          Clients participating in a third-party advisory program that invests in mutual funds or securities offered by
          other registered investment companies should be aware that the investment companies pay investment
          advisory or management fees to investment advisers and others, and pay marketing or service fees
          (including without limitation so-called "12b-1 fees") to broker-dealers and others (including, in some
          cases, the third-party adviser or its affiliates) who provide services to or for the fund or its shareholders.
          These fees constitute indirect expenses ultimately borne by the client and are in addition to the
          investment advisory fees paid by the client to the third-party adviser.

          SALI FUND SERVICE FEES
          Our fee for Sali Fund Services is 35 to 100 basis points. Clients are billed in arrears at the end of each
          calendar quarter based upon the value (market value or fair market value in the absence of market value),
          of plan assets at the end of the previous quarter.

          GENERAL INFORMATION
          Fees and account minimums for all of our services are negotiable based upon certain criteria (i.e.,
          anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be

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    managed, related accounts, account composition, negotiations with client, etc.), and discounts, not
    generally available to our advisory clients, may be offered to family members and friends.

    We may group certain related client accounts for the purposes of determining the annualized fee and/or
    minimum account size.

    Under no circumstances will we earn fees in excess of $1,200 more than six months in advance of services
    rendered.

    Clients will have a period of five (5) business days from the date of signing the agreement to
    unconditionally rescind the agreement and receive a full refund of all fees. Thereafter, the client may
    terminate the agreement by providing us with 30 day written notice at our principal place of business
    prior to delivery of the plan or completion of other services. Upon termination, we will prorate fees to the
    date of termination and refund to the client the unearned portion of the fee we have collected

    OTHER EXPENSES AND FEES
    The fees discussed above include payment solely for our financial planning, consulting and MMP services
    provided by us and are separate to certain fees or charges that are imposed by third parties in connection
    with investments made on your behalf for your account. Third-party fees may include markdowns,
    markups, brokerage commissions, other transaction costs and/or custodial fees.
    Also, all fees paid to us for our services are separate from the expenses charged by exchange-traded funds
    and mutual funds to their shareholders. These fees and expenses will be used to pay management fees
    for the funds, other fund expenses, account administration, and a possible distribution fee. Exchanged
...

ITEM 7      Types of Clients Description
            We provide our investment advisory services to:
            - Individuals
            - High Net Worth Individuals
            - Pension and profit sharing plans
            - Trusts
            - Estates or charitable organizations
            - Corporations
            - Other business entities
            We generally require a minimum fixed fee of $3,000 per year for financial planning services and a
            minimum account size of $100,000 for MMP clients. These account minimums are negotiable.