Galvin Gaustad & Stein LLC

Item 5. Fees and Compensation
GGS offers its services on a fee basis, which include hourly and/or fixed fees, as well as fees based upon
assets under management.

Financial Planning Fees

GGS charges either a negotiable hourly and/or fixed fee to provide clients with stand-alone financial
planning services. These fees are largely determined by the scope and complexity of the agreed upon
services, generally $300 on an hourly basis and up to $10,000 on a fixed fee basis.

The specific terms and fee structure are negotiated in advance and set forth in the Agreement with GGS.
Generally, GGS requires one-half of the financial planning fee payable upon execution of the Agreement
and the balance due at the time the financial plan is delivered, or the underlying services are rendered to
completion, not to exceed six months. If the client engages GGS for additional investment advisory
services, GGS may offset all or a portion of its fees for those services based upon the amount paid for the
financial planning services.

Fees for Investment Management and Retirement Plan Consulting

GGS provides investment management and/or retirement plan consulting services for an annual fee based
on the portfolio value of the assets under the Firm’s management. The fee varies based on the following
linear fee schedule(s):

        Discretionary Services

                                PORTFOLIO VALUE                   ANNUAL FEE
                                    $0 - $500,000                      1.25%
                               $500,001 – $2,500,000                   1.00%
                               $2,500,001 - $5,000,000                 0.80%
                                More than $5,000,000                 Negotiable
        Non-Discretionary Services

                               PORTFOLIO VALUE                   ANNUAL FEE
                                     $0 - $500,000                   1.50%
                              $500,001 – $2,500,000                  1.25%
                             $2,500,001 - $5,000,000                 1.05%
                              More than $5,000,000                 Negotiable

The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
being managed by GGS on the last day of the previous billing quarter. The Firm includes cash in a clients
account in determining the valuation for billing purposes. The Firm may, in its sole discretion, not include
cash in determining the fee, especially where a client has a high percentage of cash for reasons other than
the Firm's investment management decision.

If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
payable with respect to such assets is adjusted to reflect the change in portfolio value. For the initial term
of an engagement, the fee is calculated on a pro rata basis. In the event the Agreement is terminated, the
fee for the final billing period is prorated through the effective date of the termination and the unearned
portion is refunded to the client.

For clients who engage the Firm for non-discretionary services, the Firm offers an introductory period during
which the Firm applies its fee schedule for its discretionary services. This introductory period is generally
the first ninety (90) days of the engagement.

Clients are advised that a conflict of interest exists for the Firm to recommend that clients engage GGS for
additional services for compensation, including rolling over retirement accounts or moving other assets to
the Firm’s management. Clients retain absolute discretion over all decisions regarding engaging the Firm
and are under no obligation to act upon any of the recommendations.

Acquired Client Fees

As referenced in Item 4, certain GGS Clients were acquired through the integration of IARs from other firms
into GGS, specifically The Westerman Group, LLC (TWG) and are subject to differing fee schedules. These
clients had arrangements with their previous firm that include discretionary management of accounts in
accordance with Investment Management Services as aforementioned but include the cost of Financial
Planning which would typically be charged separately from the management fee for traditional GGS Clients.

For Discretionary Services including Comprehensive Financial Planning provided to former Clients of TWG:

                               PORTFOLIO VALUE                   ANNUAL FEE
                                     $0 - $500,000                   1.60%
                             $500,001 – $1,500,000                   1.50%
                             $1,500,001 – $2,500,000                 1.25%
                             $2,500,001 - $5,000,000                 1.00%
                              More than $5,000,000                 Negotiable

The annual fee is prorated and charged quarterly, in arrears, based upon the market value of the assets

being managed by GGS on the last day of the previous billing quarter. The Firm includes cash in a clients
account in determining the valuation for billing purposes. The Firm may, in its sole discretion, not include
cash in determining the fee, especially where a client has a high percentage of cash for reasons other than
the Firm's investment management decision.

Fee Discretion

GGS, in its sole discretion, may negotiate to charge a lesser fee based upon certain criteria, such as
anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
managed, related accounts, account composition, pre-existing client relationship, account retention and pro
bono activities.

Additional Fees and Expenses

In addition to the advisory fees paid to GGS, clients may also incur certain charges imposed by other third
parties, such as broker-dealers, custodians, trust companies, banks, and other financial institutions
...

Item 7. Types of Clients

    GGS provides its services to individuals, trusts, pension and profit sharing plans, and corporations and
    other business entities.

    Minimum Portfolio Size

    As a condition for starting and maintaining an investment management relationship, GGS imposes a
    minimum portfolio size of $500,000. The Firm, in its sole discretion, may accept clients with smaller
    portfolios based upon certain criteria, such as anticipated future earning capacity, anticipated future
    additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-
    existing client relationships, account retention and pro bono activities. GGS only accepts clients with less
    than the minimum portfolio size if, in the sole opinion of the Firm, the smaller portfolio size will not result in
    a substantial increase of investment risk beyond the client’s identified risk tolerance. GGS may aggregate
    the portfolios of family members to meet the minimum portfolio size.