Marchand Faries Financial Management Inc

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

Assets Under Management                  Annualized Fee

Assets less than $1,000,000                 0.75%
$1,000,001 to $2,000,000                    0.50%
$2,000,001 and above                        0.25%

Our annual portfolio management fee is billed and payable quarterly in arrears based on the value of
your account on the last trading day of the quarter. For new client relationships, the initial billing period
will not begin until the first day of the full month following the account opening. For example, if an
account is opened on May 18 the billing period will not start until June 1, and end on August 31. The
advisory services rendered from May 18 - May 31 would be provided at no cost to the client. Related
accounts, for example, children of current clients or individual and joint accounts for a spouse, will be
aggregated for fee calculation purposes. In special cases, other fees may be negotiated.
Arrangements with existing clients may differ from those described above.

We charge a minimum annual fee in the amount of $750, charged quarterly in arrears. At our discretion
we may waive the minimum fee or combine account values for you and your minor children, joint
accounts with your spouse, and other types of related accounts to meet the stated minimum.

We will send you an invoice for the payment of our advisory fee, or we will submit a request to the
qualified custodian who holds your funds and securities to deduct our advisory fee directly from your
account. Our request to the qualified custodian will occur only when the following requirements are
met:

    • You provide our firm with written authorization permitting the fees to be paid directly from your
      account held by the qualified custodian.

    • We send you an invoice showing the amount of the fee, the value of the assets on which the
      fee is based, and the specific manner in which the fee was calculated.

    • The qualified custodian agrees to send you a statement, at least quarterly, indicating all
      amounts dispersed from your account including the amount of the advisory fee paid directly to
      our firm.

You may terminate the wealth management agreement upon 30 days' written notice to our firm. You
will incur a pro rata charge for services rendered prior to the termination of the wealth management
agreement, which means you will incur advisory fees only in proportion to the number of days in the
quarter for which you are a client.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian, please call our main office number located on the cover page of
this brochure.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices,
please refer to the "Brokerage Practices" section of this Brochure.

IRA Rollover Considerations
As part of our investment advisory services to you, we may recommend that you withdraw the assets
from your employer's retirement plan and roll the assets over to an individual retirement account
("IRA") that we will manage on your behalf. If you elect to roll the assets to an IRA that is subject to our
management, we will charge you an asset based fee as set forth in the agreement you executed with
our firm. This practice presents a conflict of interest because persons providing investment advice on
our behalf have an incentive to recommend a rollover to you for the purpose of generating fee based
compensation rather than solely based on your needs. You have the right not to complete the rollover.
Moreover, if you do complete the rollover, you are not required to have the assets in an IRA managed
by our firm.

Many employers permit former employees to keep their retirement assets in their company plan. Also,
current employees can sometimes move assets out of their company plan before they retire or change
jobs. In determining whether to complete the rollover to an IRA, and to the extent the following options
are available, you should consider the costs and benefits of each.

An employee will typically have four options:
    1. Leaving the funds in your employer's (former employer's) plan.
    2. Moving the funds to a new employer's retirement plan.
    3. Cashing out and taking a taxable distribution from the plan.
    4. Rolling the funds into an IRA rollover account.

Each of these options has advantages and disadvantages and before making a change we encourage
you to speak with your CPA and/or tax attorney.

If you are considering rolling over your retirement funds to an IRA for us to manage here are a few
points to consider before you do so:

    1. Determine whether the investment options in your employer's retirement plan address your
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Item 7 Types of Clients
We offer investment advisory services to individuals and high net worth individuals.

In general, we do not require a minimum dollar amount to open and maintain an advisory account
however, we charge a minimum annual fee in the amount of $750. At our discretion we may waive the
minimum fee or combine account values for you and your minor children, joint accounts with your
spouse, and other types of related accounts to meet the stated minimum. We have the right to
terminate your Account if it falls below a minimum size which, in our sole opinion, is too small to
manage effectively.