Fenway Financial Advisors LLC

Item 5: Fees and Compensation

      A. Fees Charged

      All investment management clients will be required to execute an Investment Management
      Agreement that will describe the type of management services to be provided and the
      fees, among other items. All financial planning clients will be required to execute a
      Financial Planning Agreement that will describe the type of planning services to be
      provided and the fees, among other items.

      Financial Planning Fees
      Financial planning fees can be either hourly or on a fixed fee basis. Our hourly charge is
      $400-$600 per hour. The fee range stated is a guide. Fees may be higher or lower than
      this range, based on the nature of the engagement. Fees are negotiable and will depend
      on the anticipated complexity of the plan.
      Investment Management Fees
      Fees for investment management may be fixed-fee, hourly or per diem.
          ● Fixed fees are per rebalancing and range from $600 to $3500.
          ● Hourly rates for investment management vary from $400 to $600, depending
              upon the nature of the engagement.
          ● Per diem rates vary depending upon the engagement.
      The fee ranges stated are a guide. Fees are negotiable, and may be higher or lower than
      this range, based on the nature of the portfolio. Factors affecting fees include the size and
      complexity of the portfolio, complexity of asset structures, and other factors.

      B. Fee Payment

      Fees for financial planning will be billed to each client following the month in which the
      services were delivered. Payment is expected within 30 days of invoicing. If the client
      terminates the Financial Planning Agreement prior to completion of the plan, any unearned
      fees will be returned to the client.

      Investment advisory fees will be billed via invoice. These fees may be deducted directly
      from each client’s account (with prior written consent) or submitted to FFA via check
      payable within 30 days of an invoice.

       C. Other Fees

       There are a number of other fees that can be associated with holding and investing in
       securities. The client will be responsible for fees including money movement fees,
       custodial fees, transaction fees for the purchase or sale of a mutual fund or Exchange
       Traded Fund, or commissions for the purchase or sale of a stock. Expenses of a fund will
       not be included in management fees, as they are deducted from the value of the shares
       by the mutual fund manager. For complete discussion of expenses related to each mutual
       fund, clients should read a copy of the prospectus issued by that fund. Fenway Financial
       Advisors can provide or direct clients to a copy of the prospectus for any fund that we
       recommend.

       Fenway Financial Advisors does not receive any of these transaction fees or commissions.

       Please make sure to read Item 12 of this informational brochure, where we discuss broker-
       dealer and custodial issues.

       D. Pro-rated Fees

       Financial Planning: Clients are free to terminate financial planning services. If a client
       terminates the Financial Planning Agreement, any unearned fees will be returned to the
       client.

       Investment Management: Not applicable, because clients are invoiced for services
       rendered after services are provided. However, in the event that a client does pay a portion
       of a fee in advance, and the client terminates the agreement prior to the completion of the
       services, any unearned fee will be returned to the client.

       E. Compensation for the Sale of Securities.

       Not applicable.

Item 7: Types of Clients.

       Clients advised may include individuals, trusts, estates, foundations, corporations and
       retirement plans, estates, and charitable organizations.