Lynch & Associates Inc

Item 5     Fees and Compensation

                                INVESTMENT SUPERVISORY SERVICES ("ISS")
                                 INDIVIDUAL PORTFOLIO MANAGEMENT FEES
The annualized fee for Investment Supervisory Services is charged as a percentage of assets under
management, according to the following schedule:

                 Account Size                Stocks       Fixed Income       Balanced          Funds
              Less than $500,000             1.10%            0.65%            1.00%           0.75%
            $500,001 to $1,000,000           1.00%            0.60%            0.90%           0.75%
           $1,000,001 to $2,000,000          0.90%            0.55%            0.80%           0.50%
           $2,000,001 to $3,000,000          0.80%            0.50%            0.70%           0.50%
           $3,000,001 to $5,000,000          0.70%            0.45%            0.60%           0.50%
          $5,000,001 to $10,000,000          0.60%            0.40%            0.50%           0.45%
          $10,000,001 to $50,000,000         0.50%            0.35%            0.40%           0.40%
               Over $50,000,000              0.40%            0.30%            0.30%           0.35%

The Investment Supervisory Services fee will be billed quarterly in advance. The clients will either direct our firm
to debit the fee from their accounts or pay by check.
Limited Negotiability of Advisory Fees: Although LYNCH & Associates, Inc. has established the
aforementioned fee schedule(s), we retain the discretion to negotiate alternative fees on a client-by-client basis.
Client facts, circumstances and needs are considered in determining the fee schedule. These include the
complexity of the client, assets to be placed under management, anticipated future additional assets; related
accounts; portfolio style, account composition, reports, among other factors. The specific annual fee schedule is
identified in the contract between the adviser and each client.
We may group certain related client accounts for the purposes of determining the account size requirements for
the annualized fee.
Discounts, not generally available to our advisory clients, may be offered to immediate family members of
associated persons of our firm.
                                        CONSULTING SERVICES FEES
LYNCH & Associates, Inc.'s Consulting Services fee is 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 rate of $250 per hour. An
estimate for the total hours is determined at the start of the advisory relationship.

                                            GENERAL INFORMATION
Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party,
for any reason upon receipt of written notice.
Mutual Fund Fees: All fees paid to LYNCH & Associates, Inc. for investment advisory services are separate
and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These
fees and expenses are described in each fund's prospectus. These fees 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. A client could invest in a mutual fund directly, without our services. In
that case, the client would not receive the services provided by our firm 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. Accordingly, the client should review both the fees charged by the funds and our fees
to fully understand the total amount of fees to be paid by the client and to thereby evaluate the advisory services
being provided.
Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees and
expenses charged by custodians and imposed by broker dealers, including, but not limited to, any transaction
charges imposed by a broker dealer with which an independent investment manager effects transactions for the
client's account(s). Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for additional
information.
Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to LYNCH &
Associates, Inc.'s minimum account requirements in effect at the time the client entered into the advisory
relationship. Therefore, our firm's minimum account requirements will differ among clients.
ERISA Accounts: LYNCH & Associates, Inc. is 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"), and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively.
As such, our firm is 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, LYNCH & Associates, Inc. will only charge fees for investment advice about products for
which our firm and/or our related persons do not receive any commissions or 12b-1 fees.
Retirement Plan Rollovers: When we provide investment advice to you regarding your retirement plan account
or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement
Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. The way we make money creates some conflicts with your interests, so we operate under a special
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Item 7      Types of Clients
LYNCH & Associates, Inc. provides advisory services to the following types of clients:

         • Individuals (other than high net worth individuals)
         • High net worth individuals
         • Pension and profit sharing plans (other than plan participants)
         • Pension and profit sharing plan participants
         • Charitable organizations
         • Corporations or other businesses not listed above