Fox Financial Services Inc

Item 5: Fees and Compensation

Portfolio Management Services
The annualized fee for Portfolio Management Services will be charged as a percentage of assets
under management, according to the following schedule:

                            Assets Under Management Annual Fee
                                 Up to $5,000,000     1.00%
                                 Over $5,000,000      0.75%

Fox Financial’s fees are billed in arrears at the end of each calendar quarter based upon the
value (market value or fair market value in the absence of market value), including cash, of the
client's account at the end of the previous quarter. Fees will be prorated for cash flows during a
quarter. Fees will be debited from the account in accordance with the client authorization in
the Client Services Agreement.

Accounts initiated or terminated during a calendar quarter will be charged a prorated fee.

Financial Planning
As noted in Item 4, Fox Financial does not charge a separate fee for financial planning services.

Cash Balances
Some of your assets may be held as cash and remain uninvested. Holding a portion of your
assets in cash and cash alternatives, i.e., money market fund shares, may be based on your
desire to have an allocation to cash as an asset class, to support a phased market entrance
strategy, to facilitate transaction execution, to have available funds for withdrawal needs or to
pay fees or to provide for asset protection during periods of volatile market conditions. Your
cash and cash equivalents will be subject to our investment advisory fees unless otherwise
agreed upon. You may experience negative performance on the cash portion of your portfolio if
the investment advisory fees charged are higher than the returns you receive from your cash.

Retirement Plan Rollover Recommendations
As part of our investment advisory services to our clients, we may recommend that clients roll
assets from their employer’s retirement plan, such as a 401(k), 457, or ERISA 403(b) account
(collectively, a “Plan Account”), to an individual retirement account, such as a SIMPLE IRA, SEP
IRA, Traditional IRA, or Roth IRA (collectively, an “IRA Account”) that we will advise on the
client’s behalf. We may also recommend rollovers from IRA Accounts to Plan Accounts, from
Plan Accounts to Plan Accounts, and from IRA Accounts to IRA Accounts.

If the client elects to roll the assets to an IRA that is subject to our advisement, we will charge
the client an asset-based fee as set forth in the advisory agreement the client executed with our
firm. This creates a conflict of interest because it creates a financial incentive for our firm to
recommend the rollover to the client (i.e., receipt of additional fee-based compensation).

Clients are under no obligation, contractually or otherwise, to complete the rollover. Moreover,
if clients do complete the rollover, clients are under no obligation to have the assets in an IRA
advised on by our firm. Due to the foregoing conflict of interest, when we make rollover
recommendations, we operate under a special rule that requires us to act in our clients’ best
interests and not put our interests ahead of our clients’.

Under this special rule’s provisions, we must:

   •    meet a professional standard of care when making investment recommendations (give
        prudent advice);
   •    never put our financial interests ahead of our clients’ when making recommendations
        (give loyal advice);
   •    avoid misleading statements about conflicts of interest, fees, and investments;
   •    follow policies and procedures designed to ensure that we give advice that is in our
        clients’ best interests;
   •    charge no more than a reasonable fee for our services; and
   •    give clients basic information about conflicts of interest.

Many employers permit former employees to keep their retirement assets in their company
plan. Also, current employees can sometimes move assets out of their company plan before
they retire or change jobs. In determining whether to complete the rollover to an IRA, and to
the extent the following options are available, clients should consider the costs and benefits of
a rollover. Note that an employee will typically have four options in this situation:

   1.   leaving the funds in the employer’s (former employer’s) plan;
   2.   moving the funds to a new employer’s retirement plan;
   3.   cashing out and taking a taxable distribution from the plan; or
   4.   rolling the funds into an IRA rollover account.

Each of these options has positives and negatives. Because of that, along with the importance
of understanding the differences between these types of accounts, we will provide clients with
an explanation of the advantages and disadvantages of both account types and document the
basis for our belief that the rollover transaction we recommend is in your best interests.

General Information on Compensation and Other Fees
Limited Negotiability of Advisory Fees
Fox Financial retains the discretion to negotiate alternative fees on a client-by-client basis.
Client facts, circumstances and needs will be considered in determining the fee schedule. These
include the complexity of the client, assets to be placed under management, anticipated future
additional assets; related accounts; portfolio style, account composition, reports, among other
factors. The specific annual fee schedule will be identified in the contract between Fox Financial
and each client.

Mutual Fund Fees
All fees paid to Fox Financial for investment advisory services are separate and distinct from the
fees and expenses charged by mutual funds to their shareholders. These fees and expenses are
described in each fund's prospectus. These fees will generally include a management fee, other
fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client
may pay an initial or deferred sales charge. A client could invest in a mutual fund directly,
...

Item 7: Types of Clients

As described in Item 4, Fox Financial primarily provides customized wealth management
services to individuals, high net worth individuals charitable organizations and associated trusts
estates and pension and profit-sharing plans.

Fox Financial requires a minimum annual fee of $5,000 although this may be negotiable under
certain circumstances. Fox Financial may group certain related client accounts for the purposes
of achieving the minimum account size requirements and determining the annualized fee.