Lifeplan Financial LLC

Item 5: Fees and Compensation

Investment Supervisory Services. The annual fee for investment supervisory services will be charged
as a percentage of assets under management, according to the schedule below:

Assets Under Management               Annual Fee (%)

$1 - $100,000.00                      1.95%
$100,000.01 - $250,000.00             1.70%
$250,000.01 - $1 million              1.45%
$1,000,000.01 to $2 million           1.20%
$2 million and above                  1.00%

Management fees are on a tiered basis, with the various dollar amounts charged per the
corresponding fee percentages. All accounts start with the lowest investment tier and move to the
next fee percentage with the balance that exceeds the previous bracket. All managed accounts
under a single household that are combined for reporting purposes are also combined for the
purpose of calculating fees.

Accounts holding variable annuities will only be charged an annual fee of 1.00%. Variable annuity
account values are not included in the household’s management fee tier calculation.

We will quote an exact percentage to each client based on both the nature and total dollar value of
that account. In certain circumstances, all fees may be negotiable.

Our firm will deduct fees directly from clients’ accounts and will simultaneously send a copy of our
bill to the client. Clients will be invoiced in advance at the beginning of each calendar quarter based
upon the value (market value or fair market value in the absence of market value, plus any credit
balance or minus any debit balance), of the client's account at the end of the previous quarter. A
pro rata refund of fees charged will be made if the account is closed within a billing period.

All fees paid to us for investment advisory services are separate and distinct from the fees and
expenses charged by mutual funds to their shareholders. The client will be solely responsible for all
commissions and other transaction charges and any charge relating to the custody of securities in
the account. These fees and expenses are described in each fund's prospectus and will generally
include a management fee, other fund expenses, and a possible distribution fee. If the fund also
imposes sales charges, a client may pay an initial or deferred sales charge. Variable annuities held
in client accounts may carry their own sales charges, fees, and/or other expenses that are entirely
separate and distinct from the advisory fees charged by our firm.

A client could invest in a mutual fund or variable annuity directly, without the services of our firm.
In that case, the client would not receive the services provided by us which are designed, among
other things, to assist the client in determining which mutual fund or funds are most appropriate to
each client's financial condition and objectives. See section twelve -- Brokerage Practices for more
information.

Financial Planning and Estate Planning are integrated, value-added services that we provide our
clients should they choose to take advantage of this benefit. On the rare occasion that a non-client
requests a financial plan or an estate plan from LPF, a fee would be negotiated based on plan
complexity with portions payable at various points in the planning process. However, these fees can
be waived at the adviser’s discretion if they decide to transfer assets to our management and
become a client.

Consulting fees will be charged on an hourly basis, ranging from $125 - $300 per hour, depending
on the nature and complexity of each client's circumstances, as well as the individual conducting
the work. All fees are due and payable upon completion. Typically, the work will be presented to
the client within 90 days of the contract date, provided that all information needed to prepare the
work has been promptly provided by the client.

Item 7: Types of Clients

We provide investment advice to individuals, pension and profit-sharing plans, trusts, estates,
charitable organizations, and corporations. LPF has a minimum account size of $100,000. However,
this may be waived at the investment adviser’s discretion.