Heritage Investment Group Inc

Item 5 – Fees and Compensation

Fee Schedule:

The following is Heritage’s standard fee schedule, per account, where Heritage’s advisory
services have been contracted. Fees may be negotiable and in certain circumstances, fees
may be waived at Heritage’s discretion. The annual fee is divided in installments and billed
quarterly in advance based (rounded to the nearest dollar) on the account’s beginning value
as of the first day of each calendar quarter. If the account is opened after the start of the
calendar quarter, the initial fee will be prorated from the date of the first trade placed in the
account through the end of the quarter (or other similar start period of the investment
advisory services). Thereafter, unless otherwise provided, all fees are determined on the
basis of the market value of the portfolio assets as of the last day of the previous quarter.

Advisory Fee/Equity and Balanced Account Management

Asset Value -Annual Advisory Fee:
First $500,000 ................................................................................................... 1.25%
Next $500,000 ($500,000 to $1,000,000) .............................................. 1.00%
Next $2,000,000 ($1,000,000 to $3,000,000) ....................................... 0.85%
Next $2,000,000 ($3,000,000 to $5,000,000) ....................................... 0.70%
Next $20,000,000 ($5,000,000 to $25,000,000) .................................. 0.50%
Next $25,000,000 ($25,000,000 to $50,000,000) ............................... 0.45%
Next $50,000,000 ($50,000,000 to $100,000,000) ............................ 0.40%
Over $100,000,000 .......................................................................................... 0.30%

As a client, you may terminate the contract(s) with Heritage upon five (5) days written notice
without the imposition of any penalty. Heritage Investment Group, Inc. will refund the pro
rata, unearned portion of the advisory fees paid in advance. You, the client, will receive a full
refund should you terminate the agreement within five (5) business days of signing with
Heritage. Clients generally grant the authority to pay Heritage its quarterly fees directly from
the client’s account held by an independent custodian. Accordingly, you, the client, will
provide, in writing, limited authorization to withdraw the contractually agreed upon fees
from the account. The custodian of the account is advised in writing of the limitation on
Heritage’s access to the account. The custodian will also send to you, the client, a statement,

at least quarterly, indicating all the amounts disbursed from the account including the
amount of advisory fees paid directly to Heritage.

Advisory fees charged are separate and distinct from the fees and expenses charged by
mutual funds which may be recommended to you. A description of these and other expenses
are available in each fund’s prospectus. Certain investments recommended and utilized in
your account(s) may be available via other sources. In addition, you may incur certain
charges imposed by third parties other than Heritage (such as brokerage fees, transaction
costs, custody fees, etc.). All information and advice furnished by either to the other,
including their agents and employees, shall be treated as confidential and not disclosed to
third parties except as agreed upon in writing or required by law.

Cash Balances in Accounts:
Heritage views cash as an asset class and, as such, a portion of your portfolio will be held in
cash, cash equivalents and/or money market funds as part of the overall investment strategy
for the account(s). Depending on your specific cash flow needs and/or market conditions
these cash balances can, at times, be high and represent a material portion of your overall
portfolio. Regardless of cash quantities, clients should understand that cash and cash
equivalents, including money market funds, are subject to Heritage’s advisory fee.

We will deliver the applicable disclosure brochure(s), or Form ADV Part 2A-2B and Form
CRS, to you before or at the time we enter into an investment advisory contract with you.

Item 12 further describes the factors that Heritage Investment Group, Inc. considers in
selecting or recommending broker-dealers for client transactions and determining the
reasonableness of their compensation (e.g., commissions).

It should be noted that legal fees for Heritage’s affiliated party, MacLean, Ema, & Aulet, P.A.
are separate and distinct from investment related fees and expenses.

DFA Sub-Advisory Relationship

On a limited basis, Heritage may engage DFA to provide sub-advisory services when Heritage
concludes that doing so is suitable and in the best interest of the client or particular account.
For assets managed under the sub-advisory relationship with DFA, clients are charged a
separate sub-advisory fee in addition to Heritage’s advisory fee. DFA’s fee is billed in arrears

and calculated based on the average daily balance of assets under management during the
applicable billing period. The current maximum DFA sub-advisory fee schedule is as follows:

Asset Type                         Annual Sub-Advisory Fee*

Direct Equity Securities           0.29% (29 basis points)

Direct Fixed Income Securities     0.29% (29 basis points)

DFA Mutual Funds or ETFs           0.00%

Non-DFA Mutual Funds or ETFs       0.10% (10 basis points)

Minimum Fee:

Notwithstanding the foregoing, the minimum annual sub-advisory fee for any Account will
be determined based on the Account’s holdings as of the end of each calendar quarter or the
effective date of Account termination, whichever occurs first. The minimum fee shall equal:
(i) $250,000 multiplied by the applicable fee rate for Direct Equity Securities; (ii) $250,000
multiplied by the applicable fee rate for Direct Fixed Income Securities if the Account holds
no Direct Equity Securities but holds Direct Fixed Income Securities; or (iii) $250 for any
...

Item 7 – Types of Clients

Heritage generally provides portfolio management services to individuals, high net worth
individuals, trusts, charitable institutions, foundations, endowments, corporate pension
plans, profit-sharing plans, and other entities. To open and maintain an account, Heritage

generally requires a minimum account size of $1,000,000; however, Heritage may, in its
discretion, accept accounts below this minimum.

Heritage may engage one or more third-party sub-advisers when Heritage determines that
doing so is suitable and in the best interest of a client or particular account. Certain sub-
advisory programs may be subject to additional eligibility requirements, including minimum
account sizes, minimum investment amounts, qualified client requirements, or other criteria
established by the applicable sub-adviser. For example, Heritage's DFA sub-advisory
program is generally available only to clients meeting the "qualified client" definition under
the Investment Advisers Act of 1940 and currently requires a minimum investment of
$250,000. SyntheticFi and SpiderRock currently do not impose a minimum account size
requirement. Additional or different eligibility requirements may apply to other current or
future sub-advisory programs and will be disclosed to affected clients prior to enrollment.