Feldman Ingardona & Co

Item 5         Fees and Compensation

The fee schedule applicable as of this Brochure is as follows:

 Client Assets                                      Annual Fee (%) for all assets
 On the first $2,000,000                            0.80%
 On the next $3,000,000                             0.50%
 On the next $20,000,000                            0.40%
 On all amounts in excess of $25,000,000            0.30%

These fees are for advisory services only and do not include any transaction fees or commissions, which
may be charged separately by the client’s broker-dealer and custodial firm. Please see Item 12 -
Brokerage Practices for more information.

The specific manner in which fees are charged by Feldman, Ingardona & Co. is normally established in a
client’s written investment advisory agreement. Generally, the fee will be payable quarterly in advance.
The first payment is due and payable upon execution of the advisory agreement and will be assessed pro-
rata in the event the agreement is executed other than the first day of the new calendar quarter.
Subsequent payments are due and will be assessed on the first day of each calendar quarter based on the
value of the portfolio as of the last day of the previous calendar quarter.

Payment of fees may be paid direct by the client, or client may authorize the custodian holding client
funds and securities to deduct advisory fees direct from the client account in accordance with the
calculation prepared and submitted to the custodian by Feldman, Ingardona & Co. The custodian will
provide periodic account statements to the client. Such statements will reflect all fee withdrawals by
Feldman, Ingardona & Co. It is the client’s responsibility to verify the accuracy of the fee calculation.
The custodian will not determine whether the fee is properly calculated.

In certain circumstances, advisory fees may be negotiated and may differ among clients based upon a
number of factors, such as the number of investing entities or accounts in the investment portfolio and the
complexity of the overall investment strategy.

In addition to fees paid for advisory services, with respect to clients' investments in mutual funds, clients
pay additional fees on the mutual fund investment because the mutual funds also pay advisory and/or
management fees to an investment advisor. Clients are not obligated to use the services of the investment
managers, mutual funds or any broker-dealer or custodian and may use any broker-dealer or custodian
that they choose.

Fees are not collected for services to be performed more than six months in advance.

If termination occurs prior to the end of a calendar quarter, a pro-rata refund of unearned fees will be
made to the client.

Item 7          Types of Clients

Feldman, Ingardona & Co. provides advisory services to high-net-worth individuals and families,
institutions, pension and profit-sharing plans, trusts and business entities. Although minimum investment
varies depending on the type of client and extent of services, generally the minimum account size is
$5,000,000.