IFC Personal Money Managers Inc

Item 5           Fees and Compensation

   A. INVESTMENT ADVISORY SERVICES
      The client can engage the Registrant to provide non-discretionary investment advisory
      services on a fee-only basis. Registrant’s negotiable fixed annual investment advisory fee
      is generally between $10,000 and $65,000 per year.

         Please Note: As indicated above, Registrant shall provide investment advisory services
         for a fixed annual fee. However, fees shall vary depending upon various objective and
         subjective factors, including but not limited to the representative assigned to the account,
         the amount of assets to be invested, the complexity of the engagement, the anticipated
         number of meetings and servicing needs, related accounts, future earning capacity,
         anticipated future additional assets, and negotiations with the client. As a result, similar
         clients could pay different fees, which will correspondingly impact a client’s net account
         performance. Moreover, the services to be provided by the Registrant to any particular
         client could be available from other advisers at lower fees. All clients and prospective
         clients should be guided accordingly. The Registrant’s Chief Compliance Officer, Gary
         Schatsky, remains available to address any questions that a client or prospective client
         may have regarding the above.

         FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
         The Registrant may provide financial planning and/or consulting services (including
         investment and non-investment related matters, including estate planning, insurance

    planning, etc.) on a stand-alone fee basis. Registrant’s planning and consulting fees are
    negotiable, but generally the Registrant charges $5,000 on a fixed fee basis, or between
    $250 and $700 per hour on an hourly basis, depending upon the level and scope of the
    service(s) required and the professional(s) rendering the service(s).

    TAX PREPARATION SERVICES
    Registrant’s tax preparation fees are generally between $250 and $700 per hour on an
    hourly basis. The Registrant, in its sole discretion, may adjust its tax preparation services
    fee or offer such services gratis to clients. To the extent tax preparation services are
    provided by a representative of Registrant, in his or her separate and individual capacity,
    the hourly fee rates will generally remain the same, but compensation for such services will
    be paid directly to the representative. In such instances, no portion of this fee shall be
    retained by Registrant.

B. The Registrant generally does not deduct advisory fees from client’s custodial account.
   Instead, unless otherwise agreed, the Registrant bills the client directly, in which case,
   payment is generally due within thirty (30) days of the Registrant’s invoice. In very limited
   instances, clients may direct Registrant to deduct its advisory fees from the client’s
   custodial account. In such instances, Registrant will obtain written approval from the client
   prior to processing the client’s fee.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, Registrant shall generally recommend that Schwab serve as the
   broker-dealer/custodian for client investment management assets. Broker-dealers such as
   Schwab charge brokerage commissions and/or transaction fees for effecting certain
   securities transactions in accordance with their respective brokerage commission and
   transaction fee schedules. In addition to Registrant’s investment management fee and
   applicable brokerage commissions and/or transaction fees, clients will also incur, relative
   to all mutual fund and exchange traded fund purchases, charges imposed at the fund level
   (e.g. management fees and other fund expenses).

D. The Registrant’s annual investment advisory fee shall generally be prorated and paid in
   advance. The Registrant expects at least a thirty (30) day receivable period, so prepaid
   amounts are not required or solicited six months or more in advance. The Registrant
   generally requires a minimum annual investment advisory fee of $10,000. The Registrant,
   in its sole discretion, may adjust its investment advisory fee based upon certain criteria (i.e.
   anticipated future earning capacity, anticipated future additional assets, familial
   relationship, dollar amount of assets to be managed, related accounts, account composition,
   etc.).

    The Investment Advisory Agreement between the Registrant and the client will
    automatically renew on an annual basis until terminated by either party by written notice
    in accordance with the terms of the Investment Advisory Agreement. The client may
    terminate the Investment Advisory Agreement at any time. The client will not be entitled
    to a refund of any fee paid, and will remain obligated to pay any yet unpaid fees, if the
    Investment Advisory Agreement is terminated after the commencement of an initial or new
    annual service period.

E. Neither the Registrant, nor its representatives accept compensation from the sale of
   securities or other investment products

Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, high net worth individuals,
         pension and profit sharing plans, trusts, estates, and business entities. The Registrant
         generally requires a minimum annual investment advisory fee of $10,000. Please Note: As
         indicated above, Registrant’s fees shall vary depending upon various objective and
         subjective factors, including but not limited to: the representative assigned to the account,
         the amount of assets to be invested, the complexity of the engagement, the anticipated
         number of meetings and servicing needs, related accounts, future earning capacity,
         anticipated future additional assets, and negotiations with the client. As a result, similar
         clients could pay different fees, which will correspondingly impact a client’s net account
         performance. Moreover, the services to be provided by the Registrant to any particular
         client could be available from other advisers at lower fees. All clients and prospective
         clients should be guided accordingly. The Registrant’s Chief Compliance Officer, Gary
         Schatsky, remains available to address any questions that a client or prospective client
         may have regarding the above.