ITEM 5 - FEES AND COMPENSATION
INVESTMENT ADVISORY SERVICES & INDIVIDUAL PORTFOLIO MANAGEMENT FEES
GFPs annual fees for Investment Advisory Services are based upon a percentage of assets under management and generally
range from 0.3% to 1.0%. We may charge a higher fee than the range presented to certain complex accounts.
The annualized fee for Investment Advisory Services is charged as a percentage of assets under management.
GFP’s investment management fees for equity and balanced accounts are based on a sliding scale of an annual percentage
of the market value of assets under GFP management for accounts over $1,000,000: 1.00% on the first $5,000,000; .80%
on the next $5,000,000; .50% over $10,000,000.
Fees are billed quarterly, in arrears, based on the average daily balance of funds being managed by the company for the
previous quarter. The first quarterly fee charged will be prorated for the number of days commencing on a billing start
date, typically when the accounts are funded and being actively managed by GFP. GFP bills on cash unless it decides not
to in its sole discretion. Quarterly fees are rounded up or down to the nearest whole dollar amount when paid to GFP by
the Client.
Investment management fees for fixed-income-only management are based on a sliding scale of an annual percentage of
the market value of the assets under GFP’s management: .50% on the first $5,000,000; .40% on the next $5,000,000; .30%
over $10,000,000.
A minimum of $1,000,000 of assets under management is generally required for this service. This account size may be
negotiable under certain circumstances. GFP may group certain related client accounts for the purpose of achieving the
minimum account size and determining the annualized fee.
Fees and fee payment terms will be defined in the Investment Advisory Agreement. GFP may combine the account values
of family members to determine the advisory fees which may result in paying a reduced fee based on the available
breakpoints in our standard fee schedule described above.
LIMITED NEGOTIABILITY OF ADVISORY FEES
Although GFP has established the 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 and reports, among other factors. The specific annual fee schedule is identified in the
contract between the adviser and each client.
GFP may group certain related client accounts to achieve the minimum account size requirements and determine the
annualized fee.
Discounts not generally available to our advisory clients may be offered to family members and friends of our firm's
associated persons.
FINANCIAL PLANNING FEES
GFP’s Financial Planning is an optional service, and fees are generally included in the asset based annual fee. In certain
complex family situations there may be an additional fee charged beyond the asset based fee.
RETIREMENT PLAN FEES
Retirement Plan Advisory Fees are generally calculated based on Plan assets and may be subject to a minimum fixed
annual fee.
REASONABLENESS OF ADVISORY FEES
GFP believes its fees are reasonable relative to those charged by other registered investment advisers offering similar
services. GFP’s fees may be higher or lower than other advisers offering similar services.
PERSONAL TRUSTEE SERVICES / TAX PREP & FILING / BILL PAYMENT FEES
In some cases, GFP provides Personal Trustee Services, Tax Prep & Filing Services, and bill payment services, and these
fees are generally calculated and charged as a fixed annual fee based on the clients unique situation and circumstances,
or may be charged on an hourly basis, ranging from $70 to $350 per hour. Fees are determined case-by-case and may be
higher or lower than the range described. They will depend on the complexity and resources needed to meet the client’s
needs for the services.
OTHER FEES, EXPENSES, AND CHARGES
In addition to the fees charged by GFP, clients will incur other fees, expenses, and charges, which include, but are not
limited to, those imposed by broker-dealers, custodians, insurers, annuity providers, subadvisors, mutual funds / exchange
traded funds / hedge funds / private equity funds (management fees, performance fees, and other fund expenses), where
applicable. These fees, expenses, and other charges will reduce the value of the clients’ investments and performance
results. GFP receives no compensation from any third party for recommending investments or effecting transactions.
SHARED SERVICES AGREEMENT WITH BULL HARBOR CAPITAL LLC
GFP receives fees in connection with the Shared Services Agreement that it maintains with BHC. A portion of such fees are
a set amount agreed upon by GFP and BHC. When the Chief Investment Officer Services (“CIO Services”) are engaged by a
BHC Client, these service fees are included in their BHC investment advisory fee. GFP receives payment of these service
fees directly from BHC. All fees are disclosed in the Investment Advisory Agreement signed by the BHC client.
SUB-ADVISORY RELATIONSHIP WITH BULL HARBOR CAPITAL LLC
Pursuant to the Sub-Advisory Agreement, BHC may be engaged by GFP to provide discretionary investment advisory
services to certain portions of the portfolios of specified clients of GFP. BHC is paid a portion of the asset management fee
paid by clients based on the value of the client’s account.
TERM AND TERMINATION
The relationship may be canceled at any time by either party without penalty or liability by giving written notice. Any fees
paid in advance will be prorated to the effective date of cancellation, and any unearned portion thereof will be refunded
to the Client. Any fees due to GFP will be paid by the Client. Termination of this Agreement shall not affect or preclude
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