Granite State Retirement Planning Inc

Item 5: Fees and Compensation

We are required to describe our brokerage, custody, fees and fund expenses so you will know
how much you are charged and by whom for our advisory services provided to you. Our fees
are generally negotiable.

A. Description of how we are compensated for our advisory services provided to you.

    (i) Comprehensive Portfolio Management:

         The fee for asset management will annually be 0.50% to 2.00% payable on a pro-rata
         quarterly basis in advance based on the value of your account on the last day of the
         previous quarter.

    (ii) Financial Planning and Consultations:

         We charge on a flat fee basis for financial planning services. The total estimated fee,
         as well as the ultimate fee that we charge you, is based on the scope and complexity
         of our engagement with you. Our flat fees generally range from $5,000 to $50,000.

     (iii) Retirement Plan Consulting:

         Our Retirement Plan Consulting services are billed a fee based on the percentage of
         Plan assets under management. The total estimated fee, as well as the ultimate fee
         charged, is based on the scope and complexity of our engagement with the client. Fees
         will not exceed 1.00%.

ADV Part 2A – Firm Brochure                   Page 8                 Granite State Retirement Planning, Inc.

      (iv) Referrals to Third Party Money Managers:

         The total annual advisory fee for this service shall not exceed 3.00%. Our firm will
         debit fees for this service as disclosed in the executed advisory agreement between
         the client and our firm. Third Party Money Managers establish and maintain their own
         separate billing process over which we have no control. They will directly bill you and
         describe how this works in their separate written disclosure documents. Clients will
         be provided with a copy of the chosen third party money manager’s Form ADV Part
         2, all relevant Brochures, and the third party money manager’s privacy policy.

B. Description of whether we deduct fees from clients’ assets or bill clients for fees incurred.

    (i) Comprehensive Portfolio Management:

         Fees will generally be automatically deducted from Client’s managed account(s). Our
         firm bills on cash unless indicated otherwise in writing. Adjustments will be made for
         deposits and withdrawals during the quarter that are in excess of $75,000 for
         accounts custodied at Fidelity. As part of the fee deduction process, Clients
         understand the following:

         a)     The client’s independent custodian sends statements at least quarterly
         showing the market values for each security included in the Assets and all account
         disbursements, including the amount of the advisory fees paid to our firm;
         b)     Clients will provide authorization permitting our firm to be directly paid by
         these terms. Our firm will send an invoice directly to the custodian; and
         c)     If our firm sends a copy of our invoice to the client, a legend urging the
         comparison of information provided in our statement with those from the qualified
         custodian will be included.

         The first payment is due one month after execution of the Agreement and will be
         assessed pro-rata and payable during the subsequent month in the event the
         Agreement is executed other than the first day of the new calendar month.
         Subsequent payments will be assessed and due within the first 15 days of each
         calendar quarter based on the value of the portfolio as of the last day of the previous
         calendar quarter. In determining the client’s Advisory fee, we may take into account
         the fact that client’s household has multiple accounts under management with us.

    (ii) Financial Planning and Consultations:

         The Protected Retirement Process®

         Planning: For this service, our firm requires a retainer of 50% of the ultimate
         financial planning fee at the time of signing. The remainder of the fee will be directly
         billed to the client and due upon the financial plan(s) being delivered. Our firm will
         not require a retainer exceeding $1,200 when services cannot be rendered within 6
         months.

ADV Part 2A – Firm Brochure                    Page 9                 Granite State Retirement Planning, Inc.

         On Course: For this service, fees will generally be automatically deducted from
         Client’s managed account(s) on a pro-rata quarterly basis in advance. As part of the
         fee deduction process, Clients understand the following:

              a) Your independent custodian sends statements at least quarterly to you
                 showing all disbursements for your account, including the amount of the
                 advisory fees paid to us;
              b) You provide authorization permitting us to be directly paid by these terms;
              c) We send a copy of our invoice to you on a quarterly basis;
              d) Our invoice includes a legend that urges the Client to compare information
                 provided in their statements with those from the independent custodian in
                 account opening notices and subsequent statements.

    (iii) Referrals to Third Party Money Managers:

          The billing procedures for this service vary based on the chosen third party money
          manager. The total fee to be charged, as well as the billing cycle, will be detailed in
          the third party money manager’s ADV Part 2A and separate advisory agreement to
          be signed by the client.

C. Description of any other types of fees or expenses clients may pay in connection with
   our advisory services, such as custodian fees or mutual fund expenses.
...

Item 7: Types of Clients and Account Requirements

We have the following types of clients:
  • Individuals and High Net Worth Individuals;
  • Trusts, Estates or Charitable Organizations;
  • Pension and Profit Sharing Plans;
  • Corporations or other business types.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • We require a minimum account balance of approximately $750,000 for our
      Comprehensive Portfolio Management service. This minimum account size may be
      negotiable based on the scope and complexity of the client’s project.
   • We generally charge a minimum fee of $5,000 for written financial plans.

Clients who opt into electronic delivery of statements or maintain at least $1 million in assets
at Fidelity will not be charged transaction fees for U.S. listed equities and exchange traded
funds.