Granite Financial Group LLC

Item 5: Fees and Compensation
Method of Compensation and Fee Schedule
 ASSET MANAGEMENT
 GFG offers discretionary direct asset management services to advisory Clients on the
 following platforms as described below. GFG also offers discretionary asset management
 services through the Granite Financial Group Wrap Program. For more information on this
 program please see Appendix 1 of this brochure.
 LPL Platform
 Optimum Market Portfolios Program, Personal Wealth Portfolios Program, Model Wealth
 Portfolios Program (MWP), and Manager Asset Select Program (MAS).
       Assets Under Management               Annual Fee               Quarterly Fee
              $0 - $500,000                    1.00%                     0.25%
    The next $500,001 - $1, 000,000            0.85%                    0.2125%
    The next $1,000,001 - $2,500,000           0.55%                    0.1375%
    The next $2,500,001 - $5,000,000           0.45%                    0.1125%
       Amounts over $5,000,000                 0.35%                    0.0875%

These are blended fee schedules; the asset management fee is calculated by applying
different rates to different portions of the portfolio. GFG may group certain related Client
accounts for the purposes of achieving the minimum account size and determining the
annualized fee.
For example, a Client with $1,000,000 under management in Manager Asset Select Program
would pay $9,250 on an annual basis.
First $500,000 x .010= $5,000
Next $500,000 x .0085= $4,250

The annual fee may be negotiable based upon certain criteria (e.g., historical relationship,
type of assets, anticipated future earning capacity, anticipated future additional assets,
dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

Our firm’s fees are billed on a pro-rata annualized basis quarterly in advance based on the
value of your account on the last day of the previous quarter. Management fees will be
deducted from the client’s managed account, upon a signed Account Application Form. The
ultimate management fee is indicated on the Account Application Form.
LPL serves as program sponsor, investment adviser and broker-dealer for the LPL advisory
programs. Our firm and LPL may share in the account fee and other fees associated with
program accounts. Our firm does not have the authority to instruct LPL Financial to change
or deduct fees without written client consent. As a part of your regular monthly statement
from LPL Financial the Activity Summary section shows all fees deducted from the clients’
accounts.
ERISA PLAN SERVICES
The annual fees are based on the market value of the Included Assets and will not exceed
.75%. The annual fee is negotiable and is charged as a percentage of the Included Assets.
Fees may be charged quarterly or monthly in arrears or in advance based on the assets as
calculated by the custodian or record keeper of the Included Assets (without adjustments
for anticipated withdrawals by Plan participants or other anticipated or scheduled
transfers or distribution of assets). If the services to be provided start any time other than
the first day of a quarter or month, the fee will be prorated based on the number of days
remaining in the quarter or month. If this Agreement is terminated prior to the end of the
billing cycle, GFG shall be entitled to a prorated fee based on the number of days during the
fee period services were provided or Client will be due a prorated refund of fees for days
services were not provided in the billing cycle.

The fee schedule, which includes compensation to GFG for the services is described in
detail in Schedule A of the ERISA Plan Agreement. The Plan is obligated to pay the fees;
however, the Plan Sponsor may elect to pay the fees. Client will have fees deducted from
Plan Assets. GFG does not reasonably expect to receive any additional compensation,
directly or indirectly, for its services under this Agreement. If additional compensation is
received, GFG will disclose this compensation, the services rendered, and the payer of
compensation. GFG will offset the compensation against the fees agreed upon under the
Agreement.

 FINANCIAL PLANNING AND CONSULTING
 GFG charges either an hourly fee or fixed fee for financial planning. Prior to the planning
 process the Client will be provided an estimated plan fee. Services are completed and
 delivered inside of sixty (60) days contingent upon timely delivery of all required
 documentation. Client may cancel within five (5) business days of signing Agreement with
 no obligation and without penalty. If the Client cancels after five (5) business days, any
 unearned fees will be refunded to the Client, or any unpaid earned fees will be due to GFG.
 GFG reserves the right to waive the fee should the Client implement the plan through GFG.
        HOURLY FEES
        Financial Planning Services are offered based on an hourly fee of $350 per hour.
        FIXED FEES
        Financial Planning Services are offered based on a flat fee between $1,500 and
        $10,000.
 Fees for financial plans are:
        Due upon delivery of the completed plan.
Client Payment of Fees
 Investment management fees are billed quarterly in advance, depending on the platform
 used, meaning that fees are charged to your account either before or after the billing
 period. Fees are usually deducted from a designated Client account to facilitate billing. The
 Client must consent in advance to direct debiting of their investment account.
 Fees for financial plans are:
        Due upon delivery of the completed plan.
 GFG, in its sole discretion, charge a lesser investment advisory fee based upon certain
 criteria (e.g., historical relationship, type of assets, anticipated future earning capacity,
 anticipated future additional assets, dollar amounts of assets to be managed, related
 accounts, account composition, negotiations with Clients, etc.).
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Item 7: Types of Clients
Description
 GFG generally provides investment advice to individuals, high net worth individuals, trusts,
 estates, or charitable organizations, corporations or business entities.
 Client relationships vary in scope and length of service.
Account Minimums
 GFG may require a minimum to open an account in their wrap fee program for certain
 investment portfolios. In addition, some platforms used by GFG may require minimums to
 open accounts with them. In certain instances, the minimum account size may be lowered
 or waived.