McCormack Financial Planning Inc

Item 5 Fees and Compensation
Asset Management Services - WRAP FEE PROGRAM
The Program Fee
We charge an annual "wrap-fee" for participation in the Program depending upon the market value
of your assets under our management. You are not charged separate fees for the different
components of the services provided by the Program. Our firm pays all trade expenses of trades
placed on your behalf. Our Program fee includes a portfolio management fee and
Pershing's transaction or execution costs. Assets in each of your account(s) are included in the fee
assessment unless specifically identified in writing for exclusion. In special circumstances, and in our
sole discretion, we may negotiate a lesser management fee based upon certain criteria (i.e.,
anticipated future earning capacity, dollar amount of assets to be managed, related accounts, account
composition, pre-existing client relationship, account retention, etc.).

On an annualized basis, our Program fees are as follows:

Assets Under Management                Maximum Annual Fee as % of Portfolio
$0 - $50,000.00                                     1.95%
$50,001.00 – $100,000.00                            1.75%
$100,001.00 – $250,000.00                           1.50%
$250,001.00 – $500,000.00                           1.25%
$500,001.00 – $1,000,000.00                         1.00%
$1,000,001 and over                                 0.75%

As a client, you should be aware that the wrap fee charged by our firm may be higher (or lower)
than those charged by others in the industry, and that it may be possible to obtain the same or
similar services from other firms at lower (or higher) rates. A client may be able to obtain some or all of
the types of services available through our firm's wrap fee program on an individual basis through
other firms and, depending on the circumstances, the aggregate of any separately paid fees may be
lower or higher than the annual fees shown above.

Our portfolio management fee is billed and payable quarterly in advance based on the value of
your account on the last day of the previous quarter. For the initial quarter of portfolio
management services, the first quarter's fees will be calculated on a pro rata basis, which means the
advisory fee is payable in proportion to the number of days in the quarter for which you are a client.

You may terminate the investment advisory agreement by providing to our firm in accordance with the
terms of the agreement for services. If you have pre-paid advisory fees that we have not yet earned,
you will receive a prorated refund of those fees.

You may withdraw account assets on notice to our firm, and subject to the usual and
customary securities settlement procedures. However, we design our portfolios as long-term
investments and asset withdrawals may impair the achievement of your specific investment
objectives. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements
from your account. You should review all statements for accuracy.

You will also receive an invoice and/or billing statement from our firm and/or the custodian and we
encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian.
If you find any inconsistent information, please call our main office number located on the cover page
of this brochure.

Initial Financial Planning Services
You are advised that fees for planning services are strictly for planning services. Therefore, you may
pay fees and/or commissions for additional services obtained such as asset management or products
purchased such as securities or insurance.

Fees are negotiable. Your fees will be dependent on several factors including time spent with MFP,
number of meetings, complexity of your situation, amount of research, services requested and staff
resources.

A fee will be quoted to you and the fee will be agreed upon prior to the initiation of any services. One-
half (50%) of the quoted fee will be due to MFP upon execution of the Advisory Agreement with MFP.
The balance is due upon presentation of the recommendations.

Fee Schedule                                                    Maximum Fee
   Initial Comprehensive Financial Plan
        Single                                                 $3,500 to $6,500
        Married                                                $7,000 to $15,000
   Limited Scope Financial Plan
        Single                                                 $1,500
        Married                                                $3,000
        Single – Incentive Stock Option                        $1,500
        Single – Advanced Estate Planning                      $1,000
        Married Incentive Stock Option                         $1,500
        Married Advanced Estate Planning                       $3,000
        Separate Spousal Assets                                $1,000
        Children (with personal assets & investments)          $1,000
        Children (without assets & investments)                $500
   Hourly fees for Consultations                               $400

Termination Provisions
You may terminate advisory services obtained from MFP, without penalty, upon written notice within
five (5) business days after entering into the advisory agreement with MFP. Thereafter, you may
terminate investment advisory services upon delivery of written notice to MFP. You will be responsible
for any time spent by MFP calculated using the hourly rate of $400. If you prepaid fees, any refund will
be calculated based on time spent times the hourly rate of $400.

Periodic Financial Planning Advisory Services
The following annual percentages are applied to Assets under advisement and are paid quarterly or
annually in advance:
...

Item 7 Types of Clients
MFP's services are geared toward individuals both high net worth (i.e. clients with a net worth of
$2,100,000) and other than high net worth and small Businesses.

MFP requires a minimum Initial Investment $50,000 for managed accounts. Under certain
circumstances, and subject to approval, the minimum initial investment amount may be reduced
to $25,000. If you are participating in third party managed programs, the third party managers may
impose minimum account size requirements. Disclosure of a third party manager's minimum account
size requirement is disclosed in their Disclosure Brochure.