Estate & Trust Advisors Inc

Fees and Compensation
       Description
       ETA bases its fees on a percentage of assets under management and advisors receive
       commissions for life insurance and annuity work.
       Some Retainer Agreements may be priced based on the complexity of work, especially when
       asset management is not the most significant part of the relationship.
       Financial plans are priced according to the degree of complexity associated with the client’s
       situation.
       Fees are negotiable.
       Fee Billing
       Investment management fees are billed quarterly, in advance, meaning that we invoice you at
       the start of the three-month billing period. Payment in full is expected upon invoice
       presentation. Fees are usually deducted from a designated client account to facilitate billing.
       The client must consent in advance to direct debiting of their investment account.
       Fees for financial plans are billed 50% in advance, with the balance due upon delivery of the
       financial plan.
       Other Fees
       Custodians may charge transaction fees on purchases or sales of certain mutual funds and
       exchange-traded funds. These transaction charges are usually small and incidental to the
       purchase or sale of a security. The selection of the security is more important than the
       nominal fee that the custodian charges to buy or sell the security.
       ETA, in its sole discretion, may waive its minimum fee and/or charge a lesser investment
       advisory fee based upon certain criteria (e.g., historical relationship, type of assets,
       anticipated future earning capacity, anticipated future additional assets, dollar amounts of
       assets to be managed, related accounts, account composition, negotiations with clients, etc.).
       New Wealth Management Planning fees are calculated on a formula basis and adjusted for
       complexity of individual situations. The formula is based on gross income, gross assets and
       other financial considerations.
       Expense Ratios
       Mutual funds generally charge a management fee for their services as investment managers.
       The management fee is called an expense ratio. For example, an expense ratio of 0.50
       means that the mutual fund company charges 0.5% for their services. These fees are in
       addition to the fees paid by you to ETA.
       Performance figures quoted by mutual fund companies in various publications are after their
       fees have been deducted.
       Past Due Accounts and Termination of Agreement
       ETA reserves the right to stop work on any account that is more than 30 days overdue. In
       addition, ETA reserves the right to terminate any financial planning engagement where a
       client has willfully concealed or has refused to provide pertinent information about financial
       situations when necessary and appropriate, in ETA’s judgment, to providing proper financial
       advice. Any unused portion of fees collected in advance will be refunded within 30 days.

Types of Clients
       Description
       ETA generally provides investment advice to individuals, high net worth individuals, pension
       and profit sharing plans, trusts, and estates.
       ETA seeks long term client relationships.
       Account Minimums
       The minimum account size is $500,000 of assets under management, which equates to an
       annual fee of $7,500.
       ETA has the discretion to waive the account minimum. Accounts of less than $500,000 may
       be set up when the client and the advisor anticipate the client will add additional funds to the
       accounts bringing the total to $500,000 within a reasonable time. Other exceptions may be
       made upon request.
       Clients receiving ongoing asset management services will be assessed a $7,500 minimum
       annual fee. Clients with assets below the minimum account size may pay a higher
       percentage rate on their annual fees than the fees paid by clients with greater assets under
       management.

Methods of Analysis, Investment Strategies and Risk of Loss