Garden State Retirement Specialists LLC

Item 5           Fees and Compensation

   A.
                                   INVESTMENT ADVISORY SERVICES
         The Registrant provides discretionary and/or non-discretionary investment advisory
         services on a fee basis, the Registrant’s annual investment advisory fee shall be based upon
         a percentage (%) of the market value and type of assets placed under the Registrant’s
         management, generally as stated below.

                                           WEALTH PROGRAMS
         VISION2020 Wealth Management Platform – Advisor Managed Portfolios Program
         We offer Advisor Managed Portfolios as either Wrap or Non-Wrap Accounts. Wrap
         accounts will not incur separate transaction fees, as a single fee shall be paid by the client
         for all advisory services and transactions. Non-Wrap Accounts, conversely, will incur
         separate advisory fees and transaction charges. As such, in addition to the quarterly account
         fee described below for advisory services, Non-Wrap Account clients will also pay separate
         per-trade transaction charges.

         Clients selecting Advisor Managed Portfolios will pay a quarterly account fee, in advance,
         based upon the market value of the assets held in your account as of the last business day
         of the preceding calendar quarter. Advisor Managed Portfolio account fees are negotiable
         and will be debited from your account by our custodian. Clients will receive a full account
         fee refund in the event of termination within five business days of execution of the
         Agreement. If you terminate after the first five days, the account fee will be credited back
         to you on a pro-rata basis for the unused portion of the quarter.

         Additional, ancillary fees may apply. Please see the Advisor Managed Portfolios Wrap
         Fee Program Brochure for further details.

    Our Advisor Managed Portfolios account fee schedule is generally as follows:

    Wrap Account:             Assets Under Management            Annual Fee
                              $0 - $499,999                      2.20%
                              $500,000 - $999,999                1.75%
                              $1,000,000 - $2,499,999            1.50%
                              $2,500,000 and Up                  1.25%

    Non-Wrap Account:         Assets Under Management            Annual Fee
                              $0 - $499,999                      1.95%
                              $500,000 - $999,999                1.50%
                              $1,000,000 - $2,499,999            1.25%
                              $2,500,000 and Up                  1.00%

    * The Registrant’s investment advisory fee is negotiable at Registrant’s discretion. As a
    result of these factors, similarly situated clients could pay different fees, the services to be
    provided by the Registrant to any particular client could be available from other advisers
    at lower fees, and certain clients may have fees different than those specifically set forth
    above.

    VISION2020 Wealth Management Platform – Model Portfolio Strategists Program
    Clients selecting the Model Program are charged quarterly fees based upon the assets under
    management. Fees are negotiable and range up to 2.50% (annualized) of the assets under
    management that may be collected by Advisor, its associated broker-dealer and all
    associated broker-dealer affiliates.

    VISION2020 Wealth Management Platform – SMA and UMA Account Programs
    Clients generally pay a single WMAP fee typically ranging from 0.85% to 2.75% for the
    SMA Account and 0.95% to 2.65% for the UMA Account of the value of assets in the
    Account, subject to negotiation. The above fees may be negotiable between the Client and
    the Registrant based on account size, complexity, prior relationships and related account
    holdings.

           FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
    The Registrant may be engaged to provide financial planning and/or consulting services
    (including investment and non-investment related matters, including estate planning,
    insurance planning, etc.) on a stand-alone fee basis. Registrant’s planning and consulting
    fees are negotiable, but generally range from $500 to $5,000 on a fixed fee basis, and $400
    on an hourly rate basis, depending upon the level and scope of the service(s) required and
    the professional(s) rendering the service(s).

B. Clients may elect to have the Registrant’s advisory fees deducted from their custodial
   account. Both Registrant's Investment Advisory Agreement and the custodial/clearing
   agreement may authorize the custodian to debit the account for the amount of the
   Registrant's investment advisory fee and to directly remit that management fee to the
   Registrant in compliance with regulatory procedures. In the limited event that the
   Registrant bills the client directly, payment is due upon receipt of the Registrant’s invoice.
   The Registrant shall deduct fees and/or bill clients quarterly in advance, based upon the
   market value of the assets on the last business day of the previous quarter.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, the Registrant shall generally recommend that Pershing, LLC
   (“Pershing”) serve as the broker-dealer/custodian for client investment management
   assets. Broker-dealers such as Pershing charge brokerage commissions, transaction, and/or
   other type fees for effecting certain types of securities transactions (i.e., including
   transaction fees for certain mutual funds, and mark-ups and mark-downs charged for fixed
   income transactions, etc.). The types of securities for which transaction fees, commissions,
...

Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, business entities, trusts, estates
         and charitable organizations. The Model Program account minimum is set forth in the
         VISION2020 Wealth Management Platform – Model Portfolios Program Part 2A –
         Appendix 1. The Registrant, in its sole discretion, may reduce its investment management
         fee (i.e., anticipated future earning capacity, anticipated future additional assets, dollar

         amount of assets to be managed, related accounts, account composition, negotiations with
         client, etc.).