Greatmark Investment Partners Inc

Item 5       Fees and Compensation
                                INVESTMENT SUPERVISORY SERVICES ("ISS")
                                 INDIVIDUAL PORTFOLIO MANAGEMENT FEES

Our advisory fees are based on a percentage of assets under management, as reported at
the end of each calendar quarter based on trade date. The table below presents annual fee
rates applied to the portfolio value and billed quarterly in arrears. Our standard fee schedule
is:

                   Equity Assets & Securities                  Annual Fee
                    (Individual stocks & securities)

         First $700,000                                          1.00%
         Next $1.3 million                                       0.75%
         (Balance over $700,000 through $2 million)

         Balance over $2 million                                 0.50%

        Fixed Income Assets & Mutual Funds/ETFs
         (Cash Equivalents and Money Market Funds will be     Annual Fee
                  billed as a Fixed Income asset)

        First $2 million                                          0.50%

        Balance over $2 million                                   0.25%

Limited Negotiability of Advisory Fees: Although Greatmark has established the
aforementioned fee schedule(s), we retain the discretion to negotiate alternative fees on a
client-by-client basis. Client facts, circumstances and needs are considered in determining
the fee schedule. These include the complexity of the client, assets to be placed under
management, anticipated future additional assets; related accounts; portfolio style, account
composition, reports, among other factors. The specific annual fee schedule is identified in
the contract between the adviser and each client.
Fees are calculated and billed each quarter based on the reported assets under
management. Multiple accounts for an individual client will be consolidated for purposes of
the fee calculation. Extended household and affiliated accounts are subject to negotiation for
consolidation.
Advisory fee invoices, showing the schedule on which the fee was calculated and the market
value on which the fee was calculated, will be delivered to our clients in conjunction with our
quarterly reports, and are payable upon receipt. Initial and final period advisory fees will be
prorated according to the actual days under management, as will significant contributions and
withdrawals (greater than 10 percent of the client's total billable assets) during a period.
Clients may pay the fee by check, or at the sole discretion of the client, the client may provide
written authorization to direct the account custodian to pay the advisory fee directly to
Greatmark from funds held in the client's account.
Discounts, not generally available to our advisory clients, may be offered to family members
and friends of associated persons of our firm.
                                            GENERAL INFORMATION

Fee-only Compensation: Greatmark's only source of compensation is the asset-based fees
discussed above. Neither Greatmark nor any of its employees receive any compensation for
the sale of securities or other investment products such as mutual funds.
No Prepayment of Fees: We bill our advisory fees in arrears, after the end of the quarter in
which we earn them. Under no circumstances will we require or solicit payment of fees in
advance of services rendered.
Termination of the Advisory Relationship: Initially our contract may be terminated within
the first five days without penalty. This provision is restricted to our management fees and
does not apply to market movements. A client agreement may be canceled at any time, by
either party, for any reason generally upon 30 days written notice. A final invoice for advisory
fees may be presented to the client (prorated through the date of termination).

Mutual Fund Fees: All fees paid to Greatmark Investment Partners, Inc. for investment
advisory services are separate and distinct from the fees and expenses charged by mutual
funds and/or ETFs to their shareholders. These fees and expenses are described in each
fund's prospectus. These fees will generally include a management fee, other fund expenses,
and a possible distribution fee. If the fund also imposes sales charges, a client may pay an
initial or deferred sales charge. A client may be able to invest in a mutual fund directly,
without our services. In that case, the client would not receive the services provided by our
firm which are designed, among other things, to assist the client in determining which mutual
fund or funds are most appropriate to each client's financial condition and strategy.
Accordingly, the client should review both the fees charged by the funds and our fees to fully
understand the total amount of fees to be paid by the client and to evaluate the advisory
services being provided.
Brokerage Fees and Expenses: In addition to our advisory fees, clients are also responsible
for the fees and expenses charged by custodians and imposed by broker- dealers, including,
but not limited to, any transaction commission charges imposed by a broker-dealer with
which an independent investment manager effects transactions for the client's account(s).
Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for additional
information.
Wrap Fee Programs: Greatmark does not sponsor or act as a portfolio manager to a wrap
program.
ERISA Accounts: Greatmark Investment Partners, Inc. is deemed to be a fiduciary to
advisory clients that are employee benefit plans or individual retirement accounts (IRAs)
pursuant to the Employee Retirement Income and Securities Act ("ERISA"), and regulations
under the Internal Revenue Code of 1986 (the "Code"), respectively. As such, our firm is
subject to specific duties and obligations under ERISA and the Internal Revenue Code that
include among other things, restrictions concerning certain forms of compensation, such as
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Item 7     Types of Clients
Greatmark Investment Partners, Inc. provides advisory services to the following types of
clients:

   • Individuals (other than high net worth individuals)
   • High net worth individuals
   • Pension and profit sharing plans
   • Charitable organizations
   • Corporations or other businesses not listed above

A minimum of $100,000 of assets under management is required for this service. Greatmark
may group certain related client accounts for the purposes of achieving the minimum account
size and determining the annual fee. This account size may be negotiable under certain
circumstances, at the discretion of Greatmark.