Liberty Financial Group Inc

Item 5 - Fees and Compensation

Investment Management and Financial Planning Services Fees. Our fees
are as follows:

 1. An annual percentage rate of 1% of the assets under management up to $750,000, 0.75%
    for assets over $750,000 and up to $1,000,000, and 0.5% thereafter, calculated quarterly
    on the last business day of the quarter. The fee is paid quarterly in advance.

    AND/OR
 2. An asset-based annual retainer fee, which is dependent on the amount of assets
    managed by us and the additional services, complexities, and resources required. The
    initial annual fee and annual fees thereafter may be adjusted as agreed upon at the
    time of our Agreement and in any amendment to that Agreement.

Cash is considered an asset class and cash balances held in your account are included
in the calculation of the advisory fee charged to your account.

We have no minimum account size requirement to open an account. Our minimum
annual engagement fee is $4500.

Investment Management and Financial Planning Service fees are negotiable at our
discretion, and may be modified based on individual circumstances, the complexity of
services and/or additional resources required. We manage certain of our current clients
under a prior fee and services schedule. A one-time fixed fee of up to
$1,500 is charged at the outset of the engagement for additional services provided during
the first year as prioritized by the client. The one-time fixed fee may be reduced or waived
at the discretion of Liberty.

Fees payable to Liberty for Investment Management and Financial Planning Services are,
with the client's prior permission, automatically deducted from the client's account when
due. The client will receive an invoice from Liberty, as well as reports from the account's
custodian. Authorization for deduction of fees from the managed account is contained in
the Agreement. The client may terminate the authorization for automatic deduction at any
time by notifying us in writing. Fees are payable by check at our discretion.

Consulting Service Fees for Existing Clients.
Fees for existing clients’ hourly Investment Consulting Services range between $250 to
$500 per hour, depending upon the complexity and nature of the services. Hourly
Consulting fees are negotiable and due at the end of each meeting. As noted above, Liberty
provides tax preparation services to investment management and financial planning
clients. The fees for such services are based on an hourly rate between $250 and
$300 per hour. Tax preparation fees are waived at our discretion.

Fees paid to Liberty are for Liberty advisory services only. The fees do not include, for
example, the fees charged by third party managers, or accountants and attorney's assisting

with providing the client with accounting and legal advice. Commission on transactions
and other account fees will also be charged by and paid to brokerage firms in accordance
with the account's brokerage firm's normal commission schedule. See Item 12, Brokerage
Practices.

In addition to our advisory fees, each mutual fund in which client's assets are invested also
incurs its own advisory fees and other internal expenses which already have been deducted
from the fund's reported performance. Depending on the fund, a client may be able to
invest directly in the shares issued by the fund with or without incurring any sales or third-
party management fees.
Account maintenance fees may also be deducted by the custodian of the client account.

Item 7 - Types of Clients

We provide investment management, consultation and financial planning services to
individuals, trusts, estates and small businesses.

We have no minimum account size requirement to open an account. Our minimum annual
engagement fee is $5000.