Mangan Wealth Management Inc

Item 5 - Fees and Compensation

Mangan Wealth Management, Inc. offers investment management services. Fees are
charged at an 1) annual percentage rate based on assets under management and/or 2)
fixed rate that is primarily used for tax return or tax consulting, this rate is determined
based on the nature and complexity of the issue at hand and will be discussed with the

client prior to engagement and/or 3) an hourly charge of $400/hr. Fees are typically
billed on a quarterly basis, in advance of the quarter, in the amount of ¼ of the agreed
upon annual rate. In almost all cases, the quarterly fee is debited directly from the client's
investment account(s), although in unique situations, the client could be billed directly.

While the ultimate fees paid to Mangan Wealth Management, Inc. are determined
between both Mangan Wealth Management, Inc. and the client in a mutual agreement,
the following fee grid provides our published rates:

               Minimum Fee: $4,000 annually
               Annual Fee of 1.00% for assets under $500,000
               Annual Fee of 0.85% for assets of $500,001 to $3,000,000
               Annual Fee of 0.60% for assets of $3,000,001 to $6,000,000
               Annual Fee of 0.35% for assets of $6,000,001 and above

In all instances, the Adviser will send the client a written invoice, including the fee, the
formula used to calculate the fee, the fee calculation itself, the time period covered by the
fee, and, if applicable, the amount of assets under management on which the fee was
based and the name of the custodian(s) on your fee invoice. The Adviser will send these
to the client concurrent with the request for payment or payment of the Adviser’s
advisory fees. We urge the client to compare this information with the fees listed in the
account statement.

Should Mangan Wealth Management, Inc. or the client wish to terminate the contract
before the quarter has ended, Mangan Wealth Management, Inc. will refund the pro-rata
amount of quarterly fees based on the number of days remaining in the quarter.
Mangan Wealth Management, Inc. has no proprietary products, does not accept third
party fees for referrals or recommendations of client assets, receives no commissions,
mutual fund 12(b)-1 fees, or is in any other way compensated for any reason other than
the fee disclosed to clients as billed based on the assets under management. We have
absolutely no vested interest in making any recommendation unless Mangan Wealth
Management, Inc. believes it is in the best interest of the client.
However, clients can expect to incur fees outside of the scope of Mangan Wealth
Management, Inc. fees. Custodial fees, commissions, mutual fund and ETF expenses, to
name a few, are all costs incurred by the client. Mangan Wealth Management, Inc. seeks
to provide the investment option and/or custodial institution that allows for the client
account to be managed most efficiently. (Please see “Brokerage Practices” on page 5 for
more information about this.)

Item 7 - Types of Clients

Mangan Wealth Management, Inc. primarily provides advice to individuals. We consider
our customer service and focus on performance as second to none. In an effort to
maintain these standards, we typically request a household account minimum of
$400,000.