Ifrah Financial Services Inc

Item 5 – Fees and Compensation

INVESTMENT SUPERVISORY SERVICES

Clients that engage Ifrah to provide Investment Supervisory Services and model portfolio
management services may pay two fees: (1) an investment advisory fee per the fee schedule set
forth at Item 5; plus, a (2) separate program fee equal to 0.50% of the assets being managed.
The total fee (advisory + program) payable by the client could be more or less than that charged
by other investment advisers. Any questions: Ifrah's Chief Compliance Officer, Patrick Ifrah,
remains available to address any questions regarding its fees.

The fee for Investment Supervisory Services (“Advisory Fee”) is for the personal advisory
relationship with an IFS advisor as well as client services support and related administration of
client accounts. The financial advisor remains available to their clients anytime as a resource for
financial advice to include at the client's request advice on their accounts, financial planning and
related concerns, asset allocation, coordination of investments with investment objectives,
supervision of accounts as well as reporting and tracking.

Our annual fees for Investment Supervisory Services (“Advisory Fee”) are based upon a
percentage of assets under management.

Our standard Advisory Fee schedule is as follows:

Assets under management                               Annual Advisory Fee
$0 to $1,000,000                                      1.50% or 0.3750% per quarter
$1,000,001 to $2,500,000                              1.30% or 0.3250% per quarter
$2,500,001 to $5,000,000                              1.15% or 0.2875% per quarter
$5,000,001 to $10,000,000                             1.00% or 0.2500% per quarter
Greater than $10,000,000 or Other *                   Negotiable

*For assets exceeding ten million dollars or under special circumstances, a negotiated fee
arrangement may be used.

We aggregate certain related Client accounts for the purposes of achieving the minimum account
size requirements and determining the annualized fee.

The advisory fee is to be paid quarterly. The Quarterly amount will be equal to one quarter of the
agreed upon annual rate, multiplied by the market value of the account at the end of the quarter.

For certain annuity contracts, advisory fees are charged using the client’s agreed-upon fee rate;
however, the insurance carrier determines the billing methodology, which may differ from other

                                IFRAH FINANCIAL SERVICES, INC.
                                   Part 2A of Form ADV – Brochure

accounts and may be based on an average daily contract value rather than an end-of-period
balance.

For purposes of determining value, securities and other instruments traded on a market for which
actual transaction prices are publicly reported shall be valued at the last reported sale price on
the principal market in which they are traded (or, if there shall be no sales on such date, then at
the mean between the closing bid and asked prices on such date). Other readily marketable
securities shall be priced using a pricing service or through quotations from one or more dealers.
All other assets shall be valued at fair value by us and our determination shall be conclusive. We
may modify the terms in this Section prospectively on at least 30 days prior written notice.

FINANCIAL PLANNING FEES
Our Financial Planning fees are determined based on the nature of the services being provided
and the complexity of each Client’s circumstances. All fees are agreed upon prior to entering into
a contract with any Client.

Our Financial Planning fees are calculated and charged on an hourly basis, at the rate of $250 per
hour. Although the length of time it will take to provide a Financial Plan will depend on each
Client’s personal situation, we will provide an estimate for the total hours at the start of the
advisory relationship.

The client has no obligation to implement the recommendations presented within the course of
the Financial Planning Agreement. If the client engages IFS for ongoing advisory services, any
financial-planning fees paid may be credited toward future advisory fees. Clients are under no
obligation to implement recommendations through IFS. If the financial planning fee has already
been paid, then it will be applied as a credit toward the advisory fees. A potential conflict of
interest may result from the firm’s financial planning recommendations since the firm has an
interest in recommending the investment management services of the firm. Clients are however
free to take the recommendations and have them implemented at another firm. Only financial
planning clients who do not engage the firm for other services are charged financial planning
fees.

CONSULTING SERVICES FEES
Our Consulting Services fees are determined based on the nature of the services being provided
and the complexity of each Client’s circumstances. All fees are agreed upon prior to entering into
a contract with any Client. Our Consulting Services fees are calculated and charged on an hourly
basis at the rate of $250 per hour. An estimate for the total hours is determined at the start of
the advisory relationship.

THIRD PARTY MANAGERS
IFS may recommend independent third-party investment managers, particularly for fixed-income
strategies, when we determine that doing so is in the client’s best interest. When a third-party
manager is engaged, the manager’s fee is separate from and in addition to IFS’s advisory fee.

                                 IFRAH FINANCIAL SERVICES, INC.
                                   Part 2A of Form ADV – Brochure

Clients enter into a separate agreement directly with the third-party manager, and that
agreement will disclose the manager’s applicable fees and terms.

IFS does not receive any portion of the third-party manager’s fee and does not receive any
economic or other benefit for recommending a particular manager. As part of our fiduciary duty,
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Item 7 – Types of Clients
We provide investment advice to individuals, businesses, pension and profit-sharing plans, trusts,
estates, and charitable organizations. Because each Client is unique, they must be willing to be
involved in the planning and ongoing processes. Such involvement does not have to be time-
consuming, however we want our clients to remain informed and have a sense of security about
their investments.

Individuals who are signatories on the same advisory agreement with Ifrah Financial Services will
be considered part of the same household. Information on all accounts under a given household
may be shared with every individual who is reflected on the agreement.

                                IFRAH FINANCIAL SERVICES, INC.
                                   Part 2A of Form ADV – Brochure