Fidelis Financial Planning LLC

Item	5	–	Fees	and	Compensation

As mentioned above, Fidelis Financial Planning, LLC provides 1) ongoing financial planning services
in conjunction with ongoing investment management services, 2.) one-time financial planning
projects (i.e. without investment management services).

Fees	for	Various	Service	Options

       1.	Financial	Planning/Investment	Management	Service

       There is no minimum of assets required to be invested but Fidelis does have a minimum fee
               of $5,000 per year for our Financial Planning/Investment Management Service.
               Although the firm does not negotiate fees with clients, the firm may at its discretion
               elect to waive the minimum fee for abbreviated plans, hardship exceptions, and
               family members. Depending on the amount of assets to be invested with Fidelis, (in
               most cases $500,000 and up). The ongoing fees for integrated Financial
               Planning/Investment Management Services are calculated as a percentage of assets
               under management (AUM) and include unlimited financial planning advice and
               portfolio management.

       The firm’s current standard fee schedule is as follows:

           AUM	Fee	Scheduled

              First $1,000,000            1.20 % annually (0.3000% quarterly)
              Next $2,000,000             0.95% annually (0.2375% quarterly)
              Amounts above $3,000,000    0.65% annually (0.1625% quarterly)

       The annual fees quoted above apply to the total value of all of a client’s accounts managed
       by Fidelis. (For example, if a client has an IRA worth $800,000 and a taxable account worth
       $225,000, the annual fee would be based on the total value of $1,025,000.)

       As mentioned in Item 4 above, Fidelis makes investment management services available
       through FPAS, an outside provider. Although the firm’s current fee schedule is noted
       above, some previous fee arrangements may still apply. For example, in some cases,
       services provided by FPAS are paid indirectly to FPAS through mutual fund administration
       fees, and in these cases, the Fidelis fee is lower than noted above.

       Before providing services through FPAS, Fidelis will provide a proposal in advance
       detailing the investment program recommended, the specific fees to be charged, and the
       manner in which FPAS will be compensated (i.e. whether directly by Fidelis or indirectly
       by client through mutual fund administration fees).

       Clients are billed on a quarterly basis. Clients may also elect to be billed directly for fees or
       to authorize for fees to be directly debited from client’s account(s). Management fees are
       prorated for each capital contribution and withdrawal over $10,000 that is made during
       the applicable calendar quarter (with no adjustments for de minimis contributions and
       withdrawals). Accounts initiated or terminated during a calendar quarter will be charged a
       prorated fee. Upon termination of any account, fees will be prorated and any prepaid,
       unearned fees will be promptly refunded, and any earned, unpaid fees will be due and
       payable.

       Details about FPAS, their fees, their business practices, etc., are available in their Form ADV
       Part 2A Brochure, which is available upon request directly from them, is available from
       Fidelis, or is available via the SEC’s web site www.adviserinfo.sec.gov.

       2.	One‐Time	Financial	Planning	Projects

       Fidelis may at the firm’s discretion offer one-time general financial planning consultation
       projects which can include a full plan as described in Item 4A, or a more abbreviated
       project. The client will be given a proposal with the estimated maximum cost of the
       engagement before they begin based on a billing rate of $5,000 per project. Services vary for
       a one-time project and may include financial planning, general planning advice or a targeted
       financial plan, review of client’s financial situation, or related matters as they request,
       including in-person or telephone consultations. One-Time Financial Planning Projects do
       not include Investment Management Services as described in Item 4B. Although the firm
       does not negotiate fees with clients, the firm may at its discretion elect to waive the
       minimum fee for abbreviated plans, hardship exceptions, and family members. Fees for one-
       time engagements are generally billed directly to the client in two installments: 50% of the
       total estimated fee in advance and the remaining balance at the time of delivery of financial
       planning services outline in the client agreement. Services can be terminated subject to the
       termination provisions of the client agreement. Should services be terminated, fees will be
       prorated based on the amount of work completed at a rate of $500/hour and any unearned
       fees paid in advance will be refunded.

General	Service	Information

The specific manner in which fees are charged by Fidelis Financial Planning, LLC is detailed in a
client’s written agreement with Fidelis and may vary depending on circumstances.

Fidelis Financial Planning, LLC’s fees are separate from transaction fees, and other related costs and
expenses which are incurred by the client. Clients may incur certain charges imposed by custodians,
third party investment managers, and other third party providers. These charges may include
administrative fees, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes. Mutual funds and exchange traded funds
also charge internal management fees, which are disclosed in a fund’s prospectus.

Such charges, fees and commissions are exclusive of and in addition to Fidelis’ fee, and Fidelis will
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Item	7	–	Types	of	Clients

Fidelis provides Financial Planning and Investment Management Services to middle income and
high net worth individuals, corporate pension and profit-sharing plans, charitable institutions,
private investment funds, trust programs, corporations and other business entities.

Although Fidelis generally requires a minimum account size of $500,000 (as detailed in Item 5
above), the firm may however waive the minimum requirement at its discretion in certain instances
(e.g. family accounts, charitable accounts, etc.)