Greenberg Financial Group

Fees and Compensation

Fee Schedule

Portfolio Management Services

Percentage of Assets

The fee schedule will be negotiated with each client based on the client's particular circumstances, such as
account size, investment objectives and portfolio composition.

The annual fee charged for portfolio management services will be either directly debited from the client’s
account or billed at the client’s request quarterly, in advance, on the value of the portfolio at the end of the
prior quarter. Accounts opened during a quarter will be charged on a prorate basis for the partial quarter in
which they are opened and will be assessed fees for the entire quarter in which they are closed. An account
can be terminated by either party upon 30 days written notice to the other party.

A minimum account size of $250,000.00 is recommended to open a managed individual equity portfolio.
Accounts of less than $250,000.00 will typically be invested in mutual funds, indexes, or our Greenberg
Financial Group model portfolio.

A minimum account size for Mutual Fund accounts is not imposed.

The annual fee schedule that is negotiated with each client can range from:

0 (zero) to 1.5 % (one- and one-half percent) of assets.

This fee includes investment management services and planning services.

The above fee includes all compensation to Greenberg Financial Group. The chosen Broker/Dealer
and/or securities exchanges may charge additional fees that are neither compensation to Greenberg
Financial Group nor the responsibility of Greenberg Financial Group.

Pension/Profit-Sharing Plans

The annual fee schedule that is negotiated with each client can range from:

0 (zero) to 1.0 % (one percent) of assets.

Types of Clients

Greenberg Financial Group generally provides investment advice to individuals, 401k/pension and profit-sharing
plans, trusts, estates, or charitable organizations, corporations, or business entities.

Client relationships vary in scope and length of service.

                  Methods of Analysis, Investment Strategies and Risk of Loss

A client portfolio may be comprised of mutual fund shares, individual stocks, ETF’s, options, or bonds or a
combination of these securities. Each account that is managed will have the following "strategies" applied
to the account:
Timing: Assessment of the securities markets and how the account will be affected by broader trends and
cycles.

Allocation: Proper diversification among asset types, classes and industry sectors are known to lessen risk
while improving portfolio performance. Proper allocation is a key to any investment portfolio.

Dollar Cost Averaging (DCA): is an investment strategy where you invest a fixed amount of money at
regular intervals, regardless of market conditions. This helps reduce the impact of market volatility and
lowers the risk of making poor investment decisions based on short-term price movements.

Typically, Greenberg Financial Group attempts to purchase securities as inexpensively as possible.
Whenever a buying/accumulation opportunity presents itself, Greenberg Financial Group may purchase
additional shares of a security to achieve a favorable average cost of the position for clients. Typically,
Greenberg Financial Group provides portfolio management and advisory services in the following
categories:

A) Mutual Funds/ETFs:

The firm uses non-affiliated no load mutual funds or ETFs to meet a client's stated investment goals and
objectives. Mutual fund families or ETFs are primarily used in specific categories:

* To meet aggressive growth needs by sector and asset switching as market movement dictates in various
  index funds (on a short term or intermediate term basis).

* To meet conservative growth needs by sector and asset allocation, including domestic and international
  markets.

* To meet value growth and dollar cost averaging needs (in large-cap, mid-cap and rising dividend stocks).

Fixed Indexed Annuities are used by Greenberg Financial Group to limit downside risk and take advantage
of potential upside gains for clients that are looking for preservation of principal.

B) Managed Equity Portfolios.

In this portfolio, Greenberg Financial Group will purchase for a client, mostly individual equity, individual
bonds and/or exchange traded funds securities that meet the overall investment objectives of the client. In
some cases, but only when suitable for a client, Greenberg Financial Group will recommend the client
open an account which includes margin and options. In the case of options, the account will primarily sell
put and call contracts, however, from time-to-time; other option strategies may be used.

Greenberg Financial Group has developed a series of model portfolios which can be used individually or in
combination. Depending on its objective, each portfolio may include stocks, fixed income securities,
options, and/or mutual funds.

Risk: Options. Clients who establish stock accounts should understand that the practice of writing options
on their account’s securities, especially selling covered call options can cause the security to be "called
away" by the party who purchases the option. In certain situations, there may be adverse tax implications
(profits or losses) to any client who participates in these types of transactions.

In the case of selling put options, a client may be required to purchase the underlying stock at the put strike
price, which may be substantially above the current market price of the security, causing monetary risk to
the client.

Risk: Margin. Greenberg Financial Group may use margin to leverage (increase buying power of an
account) for clients who establish equity portfolios. Therefore, clients should understand that the
establishment and maintenance of margin accounts carries financial risks, especially in down markets.

Margin is, effectively, a loan from the broker/dealer custodian of the client’s account. Clients will pay their
broker/custodian an interest rate on any margin balance. Typically, the available loan value is 50% of the
portfolio value. A client account that is on margin must maintain 30% equity (equity in a margin account is
determined by the following formula: market value- (minus) margin account = (equals equity). Should the
equity value of the portfolio be less than an amount equal to 30%, the client may be required to infuse
additional capital to maintain 30% equity. A request for an infusion of capital is typically called a "margin
call".

As the portfolio manager to a client’s account, Greenberg Financial Group will continually monitor the
use, if any, of the margin buying power of the account to limit, to the extent possible, the inherent financial
risks associated with margin accounts.

Insurance Agency Activities: Greenberg Financial Group is registered as an insurance agent with the
Arizona Department of Insurance. In its capacity as an insurance agent the firm offers variable annuity,
long term care, and life insurance products to its clients.