Fingerlakes Wealth Management Inc

Item 5: Fees & Compensation

Comprehensive Portfolio Management:

    Fee Schedule:

     Assets Under Management            Fee %        Assets Under Management         Fee %
     <$250,000                          1.000        $1,000,001-$1,500,000           0.800
     $250,001-$500,000                  0.975        $1,500,001-$2,000,000           0.700
     $500,001-$750,000                  0.950        $2,000,001-$5,000,000           0.600
     $750,001-$1,000,000                0.900        >$5,000,001+                    0.500

   Our firms’ fees are billed on a pro-rata annualized basis quarterly in advance based on the value
   of your account on the last day of the previous quarter. Our firm may bill on cash or cash
   equivalents, unless otherwise agreed to in writing. Fees are negotiable in certain circumstances.
   Fees will generally be automatically deducted from your managed account. As part of this
   process, Clients understand the following:

       a) The client’s independent custodian sends statements at least quarterly showing the
          market values for each security included in the Assets and all account disbursements,
          including the amount of the advisory fees paid to our firm;
       b) Clients will provide authorization permitting our firm to be directly paid by these terms.
          Our firm will send an invoice directly to the custodian; and
       c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
          information provided in our statement with those from the qualified custodian will be
          included.

Financial Consulting Services:

   Fee based clients are not charged an hourly rate for financial planning/consulting. However, we
   offer financial consulting services on an hourly basis for $250 per hour, which may be negotiable
   depending on the nature and complexity of each client’s circumstances. An estimate for total
   hours will be determined at the start of the advisory relationship. The hourly fees are determined
   after considering many factors, such as the level and scope of the services. Consultation services,
   hourly rates, and other advisory contracts are made on a case by case basis.

   We require a retainer of fifty percent (50%) of the estimated total financial planning or consulting
   fee with the remainder of the fee directly billed to you and due to us within thirty (30) days of
   your financial plan being delivered or consultation rendered to you. In all cases, we will not
   require a retainer exceeding $1,200 when services cannot be rendered within six (6) months.
   Upon client termination we will charge the client an hourly fee of $250 per hour for work actually
   performed and a refund will be given if prepaid fees are more than fees for services provided. In
   the event that prepaid fees do not cover the actual fees owed, we will invoice the client which will
   be due immediately.

Pension Consulting:

   We provide pension consulting services to employer plan sponsors on a one-time or ongoing
   basis. Generally, such pension consulting services consist of assisting employer plan sponsors in
   establishing, monitoring and reviewing their company's participant-directed retirement plan. As
   the needs of the plan sponsor dictate, areas of advising could include: investment options, plan
   structure and participant education.

   All pension consulting services shall be in compliance with the applicable state law(s) regulating
   pension consulting services. This applies to client accounts that are pension or other employee
   benefit plans (“Plan”) governed by the Employee Retirement Income Security Act of 1974, as
   amended (“ERISA”). If the client accounts are part of a Plan, and we accept appointments to
   provide our services to such accounts, we acknowledge that we are a fiduciary within the
   meaning of Section 3(21) of ERISA (but only with respect to the provision of services described
   in section 1 of the Pension Consulting Agreement).

   We charge on a flat fee or on a percentage of assets under management basis for pension
   consulting services. The total estimated fee, as well as the ultimate fee that we charge you, is
   based on the scope and complexity of our engagement with you. Our flat fees generally range
   from $750 to $10,000. Flat fees will charged annually for ongoing pension consulting services.

   Selection of Other Advisers:

   Advisory fees charged by the sub-adviser are separate and apart from our advisory fees. Our
   recommendations to use a sub-adviser are included in our comprehensive portfolio management
   fee. We do not charge you a separate fee for the selection of other advisers, nor will we share in
   the advisory fee you pay directly to the sub-adviser. Advisory fees that you pay to the sub-adviser
   are established and payable in accordance with the Form ADV Part 2 or other equivalent
   disclosure document provided by each sub-adviser to whom you are referred. These fees may or
   may not be negotiable. You should review the recommended sub-adviser's brochure for
   information on its fees and services.

   You may be required to sign an agreement directly with the recommended sub-adviser(s). You
   may terminate your advisory relationship with the sub-adviser according to the terms of your
   agreement with the sub-adviser. You should review each sub-adviser's brochure for specific
   information on how you may terminate your advisory relationship with the sub-adviser and how
   you may receive a refund, if applicable. You should contact the sub-adviser directly for questions
   regarding your advisory agreement with the sub-adviser.

Other Types of Fees or Expenses Clients May Pay in Connection With Our Advisory Services, Such as
Custodian Fees or Mutual Fund Expenses.

   Our clients will incur transaction charges for trades executed in their accounts. These transaction
...

Item 7: Types of Clients & Account Requirements

We Have the Following Types of Clients:
   • Individuals;
   • High Net Worth Individuals;
   • Trusts, Estates or Charitable Organizations;
   • Pension and Profit Sharing Plans and;
   • Corporations, limited liability companies and/or other business types.

Our Requirements for Opening and Maintaining Accounts or Otherwise Engaging Us:

   •   We generally require $75,000 in account balances per household for our Comprehensive
       Portfolio Management service. This minimum account balance requirement may be
       negotiable.