Harfst and Associates Inc

Item 5 Fees and Compensation
Please refer to the "Advisory Business" section in this Brochure for information on our advisory fees,
fee deduction arrangements, and refund policy according to each service we offer.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. Mutual fund purchases/sales will be made at
NAV. You may also incur transaction charges and/or brokerage fees when purchasing or selling
securities. These charges and fees are typically imposed by the broker-dealer or custodian through
which your account transactions are executed. We do not share in any portion of the brokerage
fees/transaction charges imposed by the broker-dealer or custodian.

Custodians may offer no-load, no-transaction fee mutual fund programs and may receive remuneration
from fund companies participating in these programs for record-keeping and shareholder services and
other administrative services. The amount of remuneration for these services is based in part on the
amount of investments in such funds. No-transaction-fee funds have management expenses and other
fees that apply to a continued investment in the fund and are described in the prospectus.

To fully understand the total cost you will incur, you should review all the fees charged by mutual
funds, exchange traded funds, our firm, and others. For information on our brokerage selection
practices, please refer to the "Brokerage Practices" section of this Brochure.

There may be additional account maintenance fees, such as check writing fees, IRA fees, etc. charged
by the custodians. These fees will vary by custodian.

Compensation for the Sale of Insurance Products and Potential Conflict of Interest
Some of our associated persons providing investment advice on behalf of our firm are also licensed as
independent insurance agents and can sell insurance products such as life insurance, fixed annuities,
long-term care insurance, and disability insurance. The associated persons may earn commission-
based compensation for selling insurance products, including insurance products they sell to you.
Insurance commissions earned by these persons are separate and distinct from our advisory fees. For

example, the receipt of commission-based compensation would present a conflict of interest in that if
you freely choose to purchase an insurance product from an associated person, it may result in the
receipt of compensation by such person.

However, as a fiduciary, we endeavor at all times to place your interests first when making
recommendations, and will recommend insurance products only when it's in your best interest and
when it meets your specific needs. You are under no obligation, contractually or otherwise, to purchase
insurance products through any person affiliated with our firm. In the event that commission-based
insurance products are used, they will be exempt from investment advisory fees.

Any material conflicts of interest between you and our firm, or our employees are disclosed in this
Disclosure Brochure. If at any time, additional material conflicts of interest develop, we will provide you
with written notification of the material conflicts of interest or an updated Disclosure Brochure.

Item 7 Types of Clients
We offer investment advisory services to individuals, pension and profit sharing plans, trusts, estates,
charitable organizations, corporations, and other business entities. In general, we require a minimum
of $500,000 to open and maintain an advisory account. At our discretion, we may waive or lower this
minimum account size.