Laraway Financial Advisors Inc

Item 5 Fees and Compensation
 Portfolio Management Services
Our fee for portfolio management services and asset allocation services is based on a percentage of
your assets we manage and is set forth in the following fee schedule:

   Assets Under Management                         Annual Fee
   First $1,000,000                                1.50%
   $1,000,001 - $5,000,000                         0.50%
   $5,000,001 and above                            0.25%

Our annual portfolio management fee is billed and payable quarterly in arrears based on the market
value of your account on the last day of the quarter. We will send you an invoice for the payment of our
advisory fee.

If the portfolio management agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is
negotiable, depending on individual client circumstances.

Pension Consulting Services
Our fee for pension consulting services is based on a percentage of your assets and is set forth in the
following fee schedule:

   Assets Under Management                         Annual Fee
   First $1,000,000                                1.50%
   $1,000,001 - $5,000,000                         0.50%
   $5,000,001 and above                            0.25%

Our pension consulting fee is billed and payable quarterly in arrears based on the market value of your
account on the last day of the quarter. We will send you an invoice for the payment of our advisory
fee. In addition to our advisory fee, each account of our pension consulting clients is charged an
annual administrative fee of $100. This administrative fee may be waived at our discretion.

If the pension consulting agreement is executed at any time other than the first day of a calendar
quarter, our fees will apply on a pro rata basis, which means that the advisory fee is payable in
proportion to the number of days in the quarter for which you are a client. Our advisory fee is always
negotiable, depending on individual client circumstances.

Financial Planning Services
Fees for financial planning services are charged in one of three ways:

    1. A fixed fee of $1,500 is charged for comprehensive financial planning;
    2. A fixed fee of $750 is charged for partial financial planning; or
    3. On an hourly basis, ranging from $150 per hour, depending on the nature and complexity of
       requested services.

We may require a retainer of $500 for financial planning services, due upon the signing of the advisory
agreement, and the remaining portion upon the completion of the services rendered. At our discretion,
we may reduce or waive the financial planning fee if you choose to engage our firm for portfolio
management services.

Termination of Advisory Relationship
Either party may terminate the agreement for services upon 30-days' written notice to the other party.
You will incur a pro rata charge for services rendered prior to the termination of the agreement, which
means you will incur advisory fees based on the number of days in the quarter for which you are a
client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated
refund of those fees.

Grandfathered Fees and Payment Terms
Certain pre-existing advisory clients are subject to our advisory fees and payment terms in effect at the
time these clients entered into an advisory relationship with us. Our firm's advisory fees may differ
among clients, and some long-term clients may pay advisory fees in advance rather than in arrears.
Clients who pre-pay advisory fees that we do not earn receive prorated refunds of those fees.

We retain discretion to reduce or waive account minimums, and/or advisory fees. Circumstances may
include but are not limited to, a significant percentage of bond holdings in client's portfolio. We may
also combine related household accounts for the purpose of achieving the minimum account
requirements.

ERISA Fee Disclosure
We are deemed to be a fiduciary to advisory clients that are employee benefit plans or individual
retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act ("ERISA").
As such, we are subject to specific duties and obligations under ERISA and the Internal Revenue Code
that include among other things, restrictions concerning certain forms of compensation. To avoid
engaging in prohibited transactions, we may only charge fees for investment advice about products for
which we and/or our related persons do not receive any commissions or 12b-1 fees, or conversely,
investment advice about products for which we and/or our related persons receive commissions or
12b-1 fees, however, only when such fees are used to offset our advisory fees.

Compensation for the Sale of Securities or Other Investment Products
Persons providing investment advice on behalf of our firm are registered representatives with
Cambridge Investment Research, Inc. ("Cambridge" or "CIR"), a securities broker-dealer, and a
member of the Financial Industry Regulatory Authority and the Securities Investor Protection
Corporation. In their capacity as registered representatives, these persons receive compensation in
connection with the purchase and sale of securities or other investment products, including asset-
based sales charges, service fees or 12b-1 fees, for the sale or holding, of mutual funds.
Compensation earned by these persons in their capacities as registered representatives is separate
and in addition to our advisory fees. This practice presents a conflict of interest because persons
providing investment advice to advisory clients on behalf of our firm who are registered representatives
have an incentive to recommend investment products based on the compensation received rather than
...

Item 7 Types of Clients
We offer investment advisory services to individuals, pension and profit sharing plans, trusts, estates,
charitable organizations, corporations and other business entities.

Since we are affiliated with Cambridge as an Independent Registered Investment Adviser firm there is
a $25,000 account minimum to establish an account or an account managed on an institutional RIA
platform. Cambridge waives the minimum investment amount for retirement accounts. Please refer to
the Fees and Compensation section, Other Financial Industry Activities and Affiliations section, and
the Client Referrals and Other Compensation section for additional disclosures relating to our affiliation
with Cambridge.