Kreitler Financial LLC

Item 5            Fees and Compensation

    A.
                                    INVESTMENT ADVISORY SERVICES
          The Registrant provides discretionary investment advisory services on a fee basis. The
          Registrant’s annual investment advisory fee is based upon a percentage (%) of the market
          value of the client’s assets placed under the Registrant’s management. The Registrant’s fee
          shall generally be between 0.65% and 1.25% as follows:

                                 Portfolio Value        Annual Rate
                                 Up to 1,299,999        1.25%
                                 1,300,000 to 1,999,999 1.20%

                         Portfolio values above $2,000,000 will be charged as follows:

                                  Portfolio Value            Annual Rate
                                  The first $2,000,000       1.20%
                                  Next $3,000,000            0.85%
                                  Next $5,000,000            0.75%
                                  Above $10,000,000          0.65%

         * Subject to a minimum account size of $1,000,000.

          The Registrant may, in its sole discretion, reduce or waive its minimum asset requirement
          based upon certain criteria (i.e., anticipated future earning capacity, anticipated future
          additional assets, dollar amount of assets to be managed, related accounts, account
          composition, negotiations with client, etc.).

          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.

           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 range from $3,000 to $20,000 on a fixed fee basis, and from $175
   to $400 on an hourly rate basis, depending upon the level and scope of the service(s)
   required and the professional(s) rendering the service(s).

B. Clients may elect to have the Registrant’s advisory fees deducted from their custodial
   account. Both Registrant’s Agreement and the custodial/clearing agreement may authorize
   the custodian to debit the account for the amount of the Registrant’s investment advisory
   fee and to directly remit that advisory fee to the Registrant in compliance with regulatory
   procedures.

   In the limited event that the Registrant bills the client directly, payment is due upon receipt
   of the Registrant’s invoice.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, Registrant shall generally recommend that Raymond James &
   Associates, Inc., member New York Stock Exchange/SIPC (“Raymond James”) serve as the
   broker-dealer/custodian for client investment management assets. Broker-dealers such as
   Raymond James charge transaction fees for effecting certain securities transactions.

   In addition to the Registrant’s investment management fee 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). Clients engaging
   Independent Managers will incur additional investment advisory fees.

D. Registrant's annual investment advisory fee shall be prorated and paid quarterly, in advance,
   based upon the market value of the assets on the last business day of the previous quarter.

   The Registrant has engaged Tamarac, a third party service provider, to assist with certain
   back office duties including client fee calculations. Although Tamarac’s asset valuation shall
   generally track the values reflected on account statements provided by Raymond James or
   any other custodian used by Registrant’s clients, due to Tamarac’s treatment of accrued
   interest on fixed income securities, fee calculations may be based upon an account value
   that differs from statements you receive from Raymond James or other client custodians.

   With the exception of a financial planning engagement on a project basis, which may
   automatically terminate upon the completion of the project, agreements between the
   Registrant and the client will continue in effect until terminated by either party by written
   notice in accordance with the terms of the Agreement. Upon termination, the Registrant
   shall refund the pro-rated portion of any advanced advisory fee paid to the Registrant based
   upon the number of days remaining in the billing month.

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, business entities, charitable
          organizations, pension and profit-sharing plans, trusts and estates.