Heritage Financial Services LLC

Item 5 Fees and Compensation
A.     Advisory fees for new clients will be in accordance with the following standard fee schedules
listed below. The fee schedules below apply to our Asset Management and Financial Planning
services and the Selection of Independent Money Managers service. Fees are subject to change and
are based on the aggregate value of all managed accounts within the established household.

Heritage's standard tiered fee schedule is:
                    Account Size                           Annual Fee
                First $0 to $2,500,000                        1.00%
           Next $2,500,001 to $5,000,000                       .60%
            Next $5,000,001-$10,000,000                        .50%
          Next $10,000,001 to $25,000,000                      .40%
              Greater than $25,000,000                         .30%

Heritage's standard fee schedule for Heritage Generations Group clients with assets custodied at
Betterment is 0.75%.

*Note: Fees are based on the aggregate value of all managed accounts within the established
household. At Heritage's discretion, client accounts from one household may be consolidated with
client accounts from other households to aggregate account values for fee calculations. The annual fee
will then be based on an aggregate value of all accounts within the combined household. Included in
the house holding will be all assets managed by Heritage which may be held at various custodians.
These assets may include, but not be limited to, brokerage account assets, variable annuity products,
529 college savings plans, and/or individual employer sponsored retirement and deferred
compensation plans. Some clients may be subject to a legacy fee schedule that was in place at the
time they became a client.

In limited and unique circumstances, our fees may be negotiable based on factors such as significant
capital additions in the future; anticipated future earning capacity; related accounts; account
composition; pre-existing client pro bono activities, and complexity of services provided. In such cases,
the negotiated arrangement will be described in the client's Investment Advisory Agreement. Fees are
not based on a share of capital gains or capital appreciation of the funds or any portion of the funds in
your account. In certain circumstances, Heritage may open an accommodation account for a client at
their request to hold legacy securities, cash or for self-directed trading. These accounts are not billed
nor are they managed by Heritage. It is the Client's responsibility to monitor the performance of such
assets or accounts.

Clients can make additional deposits to or partial withdrawals from their account at any time. For
clients on our standard tiered fee schedule, additional deposits made during the quarter for amounts
equal to $25,000 or more will be assessed a prorated fee for the remainder of the quarter. Withdrawals

made during the quarter for amounts equal to $25,000 or more will be credited with a prorated credit
for the remainder of the quarter. No fee adjustments will be made for account appreciation or
depreciation.

For client assets custodied at Betterment, Betterment will receive a portion of the fees assessed to the
client by Heritage. The Betterment fee is tiered based on the aggregate balance of all Client accounts
at Betterment and ranges between .12%-.14%. The use of Betterment does not increase the fee
Clients pay to Heritage. Betterment will collect the entire quarterly fee and remit to Heritage its portion
of the fee.

B.     For Clients assessed a fee in accordance with our standard tiered fee schedule, fees are
payable quarterly in advance and are based upon the market value of the Client's portfolio on the last
day of the previous quarter as valued by the Custodian and/or other financial institutions valuing the
assets. The value of the portfolio may include, but is not limited to, assets under our management held
at Charles Schwab & Co., Inc. (Schwab), mutual fund or variable annuity companies, retirement plans
such as 401(k) and 403(b), 457s, pension plans, 529 college savings plans, and deferred
compensation plans (herein referred to as "other institutions"). If an account is established during the
middle of a quarter, you will pay a pro-rated quarterly advisory fee assessed in arrears based on the
market value of the assets from the date of deposit through the end of the quarter. Fees will be
automatically debited in the month following the end of the calendar quarter computed and debited in
advance for that current quarter and will include any calculated prorated fees from the previous
quarter, provided you have given Heritage written authorization to debit the fee. In the case of multiple
accounts, we may debit aggregate fees from single or multiple accounts as permissible by law. You will
be provided with an account statement from your account custodian reflecting the deduction of the
advisory fee. If your account does not contain sufficient funds to pay the advisory fees, we have the
limited authority to sell or redeem securities in sufficient amounts to pay advisory fees. Except for
ERISA and IRA accounts, you can reimburse your account for advisory fees paid to Heritage.

For client assets custodied at Betterment, fees are payable quarterly in arrears and are based upon
the ending daily value of the accounts accrued daily as valued by the Custodian. The sum of these
daily values is then billed to the account on a quarterly basis.

C.     In addition to the advisory fees above, you will pay transaction fees for securities transactions
executed in your account in accordance with the custodian's transaction fee schedule. You will also
pay fees for custodial services, account maintenance fees, and other fees associated with maintaining
your account. These fees are not charged by Heritage but are charged by the product sponsor or
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Item 7 Types of Clients
Heritage's services are primarily offered to both high net worth and non-high net worth individuals,
trusts and estates, pension and profit-sharing plans, charitable organizations, small businesses,
endowments and foundations.

The minimum household size to obtain advisory, financial planning and asset management services is
generally $1,500,000. There is no account minimum for Heritage Generations Group clients who are
generally children or other family members of clients meeting our $1,500,000 minimum. Households
below this minimum may be accepted at our discretion. Performance of smaller accounts may vary
from the performance of accounts with more dollars invested since smaller accounts may have more
concentrated portfolios.