Friedenthal Financial LLC

Item 5: Fees and Compensation

      A. Fee Schedule

     Clients should be advised that lower fees for comparable services may be available from
     other sources.

     Investment Supervisory Services Fees

     FF offers two investment management services: Strategic Asset Allocation and Tactical
     Asset Allocation. Strategic Asset Allocation is a static (constant target) asset allocation,
     often called a “Buy, Hold, and Rebalance” portfolio. Tactical Asset Allocation is a

     dynamic asset allocation that shifts assets between different classes, geographies, and
     industries as market trends and conditions change.

                  Strategic Asset Allocation (buy/hold/rebalance) Fee Schedule:

              Total Assets Under Management                       Annual Fee
                       First $1,000,000                              0.90%
                      Next $2,000,000                                0.60%
                     Next $2,000,000                                 0.30%
                     Above $5,000,000                                0.10%

                                 Tactical Asset Allocation Fee Schedule:
              Total Assets Under Management                       Annual Fee
                       First $1,000,000                              1.20%
                      Next $2,000,000                                0.80%
                     Next $2,000,000                                 0.50%
                     Above $5,000,000                                0.20%

The fee schedule is attached as Exhibit B of the Investment Advisory Contract. Fees are paid
quarterly in arrears, based on the average daily balance during the period, and clients may
terminate their contracts with written notice. Because fees are charged in arrears, no refund
policy is necessary. Clients may terminate their accounts without penalty within 5 business
days of signing the advisory contract. Advisory fees are withdrawn directly from the client’s
accounts with client written authorization.

Because client fees will be withdrawn directly from client accounts, this advisor must:
(A) Possess written authorization from the client to deduct advisory fees from an account
held by a qualified custodian.
(B) Send the qualified custodian written notice of the amount of the fee to be deducted from
the client’s account.
(C) Send the client a written invoice itemizing the fee prior to fee deduction, including any
formulae used to calculate the fee, the time period covered by the fee and the amount of
assets under management on which the fee was based.

The Firm’s current standard advisory fee schedule is described above. However, certain legacy
clients who entered into advisory agreements prior to changes in the Firm’s fee structure may be
subject to different fee arrangements, including lower asset‑based fees, capped fees, or flat‑fee
arrangements. These legacy arrangements are maintained pursuant to the terms of each client’s
advisory agreement and may differ from the fees currently charged to new clients for similar
services. Legacy fee arrangements are generally not available to new clients. The Firm may, in its
discretion, negotiate fees based on factors such as account size, complexity of services provided,
and the client’s relationship with the Firm.

 Financial Planning and Consulting Fees

 The fees for these services generally range from $150 to $500 per hour. They may be negotiated
 as a fixed cost per project. All fees are documented in the Financial Consulting Engagement
 Letter and billed in arrears.

  B. Payment of Fees

 Payment of Investment Supervisory Fees

 Advisory fees are withdrawn directly from the client’s accounts with client written
 authorization. Fees are paid quarterly in arrears.

  C. Clients Are Responsible for Third Party Fees

 Clients are responsible for the payment of all third-party fees (i.e. brokerage fees, custodian fees,
 mutual fund fees, transaction fee etc.). Those fees are separate and distinct from the fees and
 expenses charged by FF. Please see Item 12 of this brochure regarding broker/custodian.

  D. Prepayment of Fees

 Investment Supervisory Fees are collected in arrears.

 Fixed fees that are collected in advance will be refunded based on the prorated amount of work
 completed at the point of termination.

 E. Outside Compensation for the Sale of Securities to Clients

 Neither FF nor its supervised persons accept any compensation for the sale of securities or other
 investment products, including asset-based sales charges or services fees from the sale of mutual
 funds.

Types of Clients:

       ❖   Individuals
       ❖   High-Net-Worth Individuals
       ❖   Pension and Profit-Sharing Plans
       ❖   Charitable organizations
       ❖   Corporations

   Minimum Account Size

   There is an account minimum of $250,000 which may be waived by the investment
   advisor, based on the needs of the client and the complexity of the situation.