Marvel Financial Planning Inc

Item 5: Fees and Compensation
   Managed Discretionary Asset Fees

       The Adviser bases its annual investment management fee for managed
       discretionary assets upon a percentage (%) of the market value of the assets
       and the specific types of investment management services provided. Encircle
       Financial Strategies charges an annual fee of up to 1.6% of assets under
       management. The Adviser may choose to charge a lower asset-based fee at
       its sole discretion.

   Financial Planning Fees

       An initial meeting is scheduled with a prospective client, typically at no cost or
       obligation. The prospective client may choose to provide financial documents
       such as statements from investment accounts, employer provided retirement
       plan accounts and tax returns for the Adviser’s review prior to the meeting.
       During the first meeting, the Adviser and the prospective client will review the
       client’s goals and objectives as well what the client desires from a financial
       planning relationship. They will also review the services offered by Encircle
       Financial Strategies. If the prospective client and Adviser agree that there is
       value in working together another meeting will be scheduled. Adviser will
       provide the prospective client with an estimate of the fee for the financial
       planning services to be provided. Prior to that meeting, the client will provide to
       Adviser financial documents necessary for the preparation of the plan. The
       financial planning fee is quoted on a project basis and covers projected time
       and expense associated in working with this client for a twelve-month period.
       This includes gathering data, developing the written plan, reviewing the plan
       with appropriate advisers, discussing the plan with the client, implementation,
       and continuing to review, monitor and update the client’s affairs throughout the
       ensuing twelve months. While hourly fees are $250 an hour, fees are negotiable
       and will depend largely on the client relationship and complexity of the needs
       of the client.

       Generally, once the client verbally agrees to the personal financial planning
       process, the process to develop the plan begins. Once the financial plan is
       completed a meeting is scheduled to discuss the plan and the specific items to
       be implemented with the client. Each financial plan and planning client is
       different, as such, the number of meetings needed to progress to the final
       financial plan stage will vary.

       The financial planning fee is billed to the client within 180 days of the start of
       the relationship and can be paid by the client in any manner suitable to the
       client within 30 days of the invoice date. The financial planning fee shall be

                              Encircle Financial Strategies

         mutually agreed upon in advance by and between the client and Encircle
         Financial Strategies. Any such fee shall be separate from the asset-based
         investment management fee. The Adviser reserves the right to waive some of
         or the entire financial planning fee.

    Educational Seminars/Workshops

         Encircle Financial Strategies provides periodic educational seminars and
         workshops to clients free of charge.

Billing of Fees

         Encircle Financial Strategies investment management fees shall be assessed
         quarterly, in advance, based on the asset values as of the day prior to the period
         being billed. New accounts will be assessed a prorated fee dependent upon the
         number of days remaining in the quarter. Encircle Financial Strategies’ clients
         must provide their consent in advance to direct debiting of investment
         management fees from their custodial account. The Investment Advisory
         Agreement and the custodial/ clearing agreement authorize the custodian to
         debit the client account for the amount of the Adviser’s investment management
         fee, and to directly remit that investment management fee to EFS in compliance
         with regulatory procedures. In the limited event that the Adviser bills the client
         directly, payment in full is expected upon presentation of the invoice.

         In the event an agreement is terminated, the client will receive a prorated refund
         for fees paid in advance.

Other Fees

         Unless clients direct otherwise or an individual client’s circumstances require,
         the Adviser generally recommends Raymond James serve as the custodian
         and broker dealer for client investment accounts. Raymond James may charge
         transaction fees and/or commissions for effecting certain securities
         transactions. Raymond James may charge transactions fees and/or
         commissions for individual equity and fixed income securities transactions or
         fees may be charged for certain no-load mutual fund transactions. In addition
         to the Adviser’s investment management fee, custodian brokerage
         commissions, and transaction fees, clients will also incur, relative to all mutual
         fund and exchange traded fund purchases, charges imposed at the fund level
         (e.g., management fees and other fund expenses).

         For all services offered by the Adviser, the same or different services may be
         offered by other firms at the same, higher, or lower fees.

                                Encircle Financial Strategies

Commission Transactions

          The Adviser primarily recommends the purchase of no-load institutional class
          mutual fund securities and/or exchange traded funds for implementing
          investment recommendations. Encircle Financial Strategies does not actively
          direct clients to traditional, full service /commission brokers. Most of the
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Item 7: Types of Clients
Description

          The Adviser predominantly offers its services to individuals, high net worth
          individuals, trusts, estates, corporations or business entities.

Account Minimums

          Encircle Financial Strategies generally requires an account minimum of
          $25,000 for investment management services.

          The Adviser may reduce or waive its minimum asset requirement based upon
          certain factors, like anticipated future earning capacity, anticipated future
          additional assets, dollar amount of assets to be managed, related accounts,
          account composition, negotiations with client and other considerations. Other
          exceptions may apply to employees of the Adviser and their relatives, or
          relatives of existing clients.

                                Encircle Financial Strategies