Goyette Financial Planning Inc

Item 5 – Fees and Compensation

Compensation for Our Advisory Services

Financial Planning

For Limited Financial Planning Engagements, GFP charges a flat fee, which ranges from $1,500 to
$20,000, based on the scope and complexity and quoted prior to engagement. The fee will be pro-rated
over the estimated length of the engagement and billed on a quarterly basis in arrears. The payment
schedule will be detailed in the client agreement.

In special circumstances and at GFP’s sole discretion, GFP may instead charge an hourly rate for
Limited Planning Engagements. The hourly rate ranges from $200 to $500. In these instances, the
specific fee-paying arrangements will be determined on a case-by-case basis and will be outlined in the
client’s signed advisory agreement.

In special circumstances and at GFP’s sole discretion, GFP may offer planning services on a pro bono
basis. Fees are generally non-negotiable. GFP will not require a retainer exceeding $1,200 when services
cannot be rendered within 6 months.

Financial Planning and Portfolio Management

                                              Fee Schedule

                                         GFP
                                                           Asset Dedication        Total Annual
      Assets Under Management        Annual Advisory
                                                          Annual Advisory Fee      Advisory Fee
                                         Fee*
           $0 - $2,000,000                0.62%                 0.20%                0.82%
       $2,000,001 - $5,000,000            0.32%                 0.20%                0.52%
      $5,000,001 - $15,000,000            0.17%                 0.20%                0.37%
       $15,000,001 and above                 -                     -               Customized

*The GFP annual advisory fee is subject to a minimum of $5,500. Legacy clients may have a lower fee
schedule detailed in their advisory agreement.

Fees will be outlined in the client’s signed advisory agreements. The Client will sign agreements with
both GFP and Asset Dedication. Annualized fees are charged quarterly in arrears based on the value of
the account(s) as of the last day of the quarter. Both GFP’s and Asset Dedication’s advisory fees will be
deducted from the account(s) by Asset Dedication. GFP does not offer direct invoicing for portfolio
management services. If the client agreement is executed at any time other than the first day of the
calendar quarter, advisory fees will apply on a pro-rata basis, which means the advisory fee is payable in
proportion to the number of days in the quarter for which the individual was a client. Fees are generally
non-negotiable, however, GFP may offer adjustments based on the client’s situation at GFP’s sole
discretion. Lower fees for comparable services may be available from other providers. GFP does not
require payment of $1,200 or more in fees six months or more in advance.

Asset Dedication will not directly charge clients a higher fee than they otherwise would have charged
clients without GFP introducing clients to them. Clients should refer to Asset Dedication’s Form ADV
Part 2A for more information about Asset Dedication’s fees.

Please note that clients must provide written authorization for Asset Dedication to debit advisory fees
from the client’s account(s). Fees for Asset Dedication and GFP are detailed in a quarterly statement
prepared by Asset Dedication and sent to the client via the Asset Dedication Client Portal. Clients will
also receive a statement from their Custodian (Fidelity) showing all transactions in the account(s),
including the deduction of fees. GFP strongly encourage clients to review all statements for accuracy.

Other Fees and Expenses

Clients may incur transaction fees for trades executed by their chosen custodian, which are separate
from the advisory fees charged by GFP and Asset Dedication.

Clients may also pay charges imposed directly by a mutual fund or exchange traded fund, which shall be

disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses), distribution
fees, deferred sales charges, odd-lot differentials, surrender charges, variable annuity fees, IRA and
qualified retirement plan fees, mark-ups and mark-downs, spreads paid to market makers, fees for trades
executed away from the custodian, wire transfer fees, transfer taxes, electronic fund fees, and other fees
and taxes on brokerage accounts and securities transactions. GFP and Asset Dedication do not receive
a portion of these fees.

Termination and Refunds

Clients engaged in ongoing Financial Planning and Portfolio Management Services may terminate their
agreement with GFP within five days of signing the agreement without penalty and receive a full refund.
Thereafter, either party may terminate the agreement signed with GFP at any time by providing written
notice. Upon termination notice, any unpaid fees for work performed up to the point of termination will
be due and payable.

Clients engaged in Limited Planning Engagements may terminate their agreement with GFP within five
days of signing the agreement without penalty and receive a full refund. Thereafter, clients may terminate
their agreement with GFP at any time before the completion of the engagement by providing written
notice. Any prepaid but unearned fees will be refunded by GFP. Any fees that have been earned but not
yet paidby the Client will be due and payable. Unearned fees will be determined by GFP based on the
time and effort expended before termination and at GFP’s sole discretion.

GFP will strongly consider termination in cases where clients willingly conceal or refuse to provide
information that in GFP’s judgment is important in providing appropriate financial planning services.
GFP may also terminate the agreement if client refuses to pay fees in a timely manner.

Other Compensation
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Item 7 – Types of Clients and Account Requirements

GFP provides financial planning services and investment advice primarily to individuals, high net worth
individuals, families, and small business owners.

GFP maintains no minimum net-worth or asset requirements. GFP does, however, require the following
minimum fees:
   • Limited Financial Planning Engagements: $1,500 minimum fee; and
   • Financial Planning and Portfolio Management: $5,500 minimum annual fee.