Global Financial Private Client LLC

Item 5           Fees and Compensation

   A.
                                 INVESTMENT MANAGEMENT SERVICES
         The Registrant’s annual investment advisory fee shall be based upon the value of the
         client’s assets placed under the Registrant’s management/advisement and will generally
         range from negotiable up to 2.50% as follows:

                            Assets Under Management                 Annual Fee (%)*
                            $5,000,000* - $10,000,000                  1.00%
                            $10,000,001 - $20,000,000                  0.75%
                            $20,000,001 and above                      0.50%

                            * Subject to a minimum account size of $5,000,000

         The Registrant, in its sole discretion, reduce or waive its minimum asset requirement
         based upon certain criteria (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.).

         The Registrant’s investment advisory fee is negotiable at its discretion, depending upon
         objective and subjective factors including but not limited to: the amount of assets to be
         managed; portfolio composition; the scope and complexity of the engagement; the
         anticipated number of meetings and servicing needs; related accounts; future earning
         capacity; anticipated future additional assets; the professional(s) rendering the service(s);
         prior relationships with the Registrant and/or its representatives, and negotiations with the
         client.

         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.

                FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
         The Registrant may 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 $5,000 to $25,000 on a fixed fee basis, and from
         $350 to $575 on an hourly rate basis, depending upon the level and scope of the
         service(s) required and the professional(s) rendering the service(s).

                              RETIREMENT PLAN CONSULTING SERVICES
         The Registrant’s retirement plan consulting services fee is generally calculated based
         upon a percentage of assets maintained within the plan. The terms and conditions of the
         engagement shall generally be set forth in a Retirement Plan Consulting Agreement
         between the Registrant and the plan sponsor. The Registrant’s retirement plan consulting
         services fee generally ranges from 0.50% to 0.75%.

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 value of the client’s account as of 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 Fidelity
   Investments (“Fidelity”) serve as the broker-dealer/custodian for client investment
   management assets.

   Broker-dealers such as Fidelity 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, and/or
   other type fees (as well as the amount of those fees) shall differ depending upon the
   broker-dealer/custodian. While certain custodians, including Fidelity, generally (with the
   potential exception for large orders) do not currently charge fees on individual equity
   transactions (including ETFs), others do.

   There can be no assurance that Fidelity will not change their transaction fee pricing in the
   future.

   Schwab may also assess fees to clients who elect to receive trade confirmations and
   account statements by regular mail rather than electronically.

   Clients will incur, in addition to Registrant’s investment management fee, brokerage
   commissions and/or transaction fees, and, relative to all mutual fund and exchange traded
   fund purchases, charges imposed at the fund level (e.g., management fees and other fund
   expenses).

D. Registrant's annual investment advisory fee shall be prorated and paid quarterly, in
   advance, based market value of the assets under management on the last business day of
   the previous quarter.

   The Investment Advisory Agreement between the Registrant and the client will continue
   in effect until terminated by either party by written notice in accordance with the terms of
   the Investment Advisory Agreement. Upon termination, the Registrant shall refund the
   pro-rated portion of the advanced advisory fee paid based upon the number of days
   remaining in the billing quarter.
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Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, business entities, trusts,
         estates and charitable organizations.