Huber Weakland & Associates Inc

Item 5           Fees and Compensation

   A.
                          HWA WEALTH INVESTMENT ADVISORY SERVICES
         If a client determines to engage the Registrant to provide discretionary investment advisory
         services on a fee basis, the Registrant’s annual investment advisory fee shall be based upon
         a percentage (%) of the market value and type of assets placed under the Registrant’s
         management (between negotiable and 1.00%) as follows:

                                   Client Assets                      Annual Fee
                                   First $1,000,000                   1.00%
                                   Next $2,000,000                    0.70%
                                   Next $2,000,000                    0.50%
                                   Amounts over $5,000,001            0.30%

         Valuation
         For purposes of determining value, securities and other instruments traded on a market for
         which actual transaction prices are publicly reported are valued at the last reported sale
         price on the principal market in which they are traded.

         The value for all private investment funds will reflect the most recent valuation provided
         by the fund sponsor. However, if subsequent to purchase, the fund has not provided an
         updated valuation, the valuation shall reflect the initial purchase price. If subsequent to
         purchase, the fund provides an updated valuation, then the valuation will reflect that
         updated value. The updated value will continue to be reflected on this report until the fund
         provides a further updated value. Please Also Note: As result of the valuation process, if
         the valuation reflects initial purchase price or an updated value subsequent to purchase
         price, the current value could be significantly more or less than the value reflected on report
         or invoice.

         Fees are Negotiable
         The Registrant’s investment advisory fee is negotiable at Registrant’s discretion,
         depending upon objective and subjective factors including but not limited to: the amount
         of assets to be managed; portfolio composition; the scope and complexity of the
         engagement; the anticipated number of meetings and servicing needs; related accounts;
         future earning capacity; anticipated future additional assets; the professional(s) rendering
         the service(s); prior relationships with the Registrant and/or its representatives, and
         negotiations with the client. As a result of these factors, similarly situated clients could pay
         different fees, the services to be provided by the Registrant to any particular client could
         be available from other advisers at lower fees, and certain clients may have fees different
         than those specifically set forth above.

         Use of Margin and Pledged Asset Line from Account Custodian
         Registrant does not recommend using margin to implement its discretionary investment
         strategies. However, from time to time, clients may determine to accept pledge asset loans
         or use margin from their account’s custodian. In addition, Registrant may recommend the
         use of a broker/dealer Sub-Manager that does use margin. In either scenario, the client will
         generally be required to post collateral to secure the pledge asset loan or the use of margin
         and will pay interest on borrowed money. The account managed by Registrant or

broker/dealer Sub-Manager will typically be used as that collateral. If the securities in the
client’s account decline in value, so does the value of the collateral supporting the margin
loan or pledge asset loan, and as a result, the client’s custodian may take action, such as
issue a margin call and/or sell securities in the account, in order to maintain the required
equity.

In calculating the advisory fee when the account includes a pledged asset loan, the total
absolute value of the securities in the client’s account, long or short, plus all credit balance,
with no offset for any pledged asset loan, unless it agrees to other arrangements with a
client.

In calculating the advisory fee when the account includes a margin loan, the total absolute
value of the securities in the client’s account, long or short, plus all credit balance, less any
margin balance.

Registrant therefore is conflicted when it (i) recommends that clients take loans from their
account custodian, (ii) recommends that client use and continue using loans, and (iii) when
recommending an account custodian as a lender to clients, because in each instance,
Registrant could otherwise suggest that the client sell securities in their account. Clients
remain solely responsible for determining, whether to use or continue using margin or
taking loans from their account custodian. Registrant’s Chief Compliance Officer remains
available to address any questions that client or prospective client may have regarding the
above conflict of interest.

                  FINANCIAL PLANNING SERVICES (STAND-ALONE)
The Registrant may be engaged to provide financial planning services (including
investment and non-investment related matters, including estate planning, insurance
planning, etc.) on a stand-alone fee basis. Registrant’s planning fees are negotiable, but
generally range from $150 to $250 on an hourly rate basis, depending upon the level and
scope of the service(s) required and the professional(s) rendering the service(s). Lower fees
for comparable financial planning services may be available from other sources.

                                INVESTMENT CONSULTING
This service is typically provided either quarterly, semi-annually or annually for an agreed
upon fee. The actual fee charged to a client can vary greatly and is determined by the
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Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, business entities, trusts, and
         charitable organizations.