Park Piedmont Advisors LLC

Item 5 Fees and Compensation
Portfolio Management Services
Fees: Our fee for portfolio management and advisory services is based on a percentage of the assets
we manage, and ranges from 0.50% to 1.00% annually of those assets. For onboarding new clients,
the following fee schedule applies: (a) For new client portfolios with less than $1 million in assets, the
firm's advisory fee is generally 0.75% of the assets under management; and (b) For new client
portfolios with more than $1 million in assets, the firm's advisory fee is 0.50% of the assets under
management. Fees are negotiable. The fee we receive for our services is the only compensation we
receive, and we receive no compensation from any of the mutual funds/ETFs ("funds") that we use, or
from our custodian CS for any investments made in any of their funds. Amounts held in money market
funds custodied at CS are included in assets under management for the purpose of calculating our
advisory fee.

IARs of our firm are compensated for their services in an amount ranging from 66% to 90% of the net
management fees received by us from the IARs' clients.

Fees are billed and payable every three months based on the value of your account on the last day of
the three month period being billed. You are billed "in arrears," which means your first bill after
becoming a client will come at the end of the first calendar quarter during which you were receiving our
advice. We do not bill in advance for our services.

We will send you a statement of the managed assets that form the basis of your bill. In almost all
cases, the fee you pay is deducted directly from your account maintained at CS, which is the qualified
custodian holding your funds and securities. The deduction of fees from your account is done only with
written authorization from you as part of our Investment Advisory Agreement, and the new account
documents with CS, permitting the fees to be paid directly from your account. The qualified custodian,
CS, will deliver an account statement to you monthly. These account statements will show all
disbursements from your account, including the payment of our fee. You should review all statements
for accuracy.

If you have accounts maintained away from CS (e.g., 401K or 403B plans at work), along with
accounts maintained at CS, and if we provide on-going investment advice for these "outside" accounts,
you may authorize us to debit one of your CS accounts for the fees associated with the outside
accounts. If your accounts are not maintained at CS, we will send you an invoice for the fee, and you
will be responsible for making payment.

Either you or the firm may terminate our advisory relationship upon written notice to the other. We do
not charge pro rata fees in the event of a termination.

Additional Fees and Expenses
Other fees clients pay are: (1) the management fees of the funds we use in implementing our asset
allocation advice. These funds do not pay anything to us. (2) a transaction fee for each transaction,
currently $18, which is assessed and retained by our custodian, CS. We do not share in these
transaction charges.

No one in our firm is compensated for the sale of any investment product. We do not use "load" mutual
funds.

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.

We do not purchase securities on margin. However, there may be times when clients want to withdraw
money from their accounts, and not sell existing securities positions, and the money withdrawn is
withdrawn using margin (margin is a loan from the custodian, backed by the collateral of the value of
the securities positions). Each client must sign a separate margin agreement with the custodian before
margin is extended to that client account. Fees for advice on these securities are based on the total
asset value of the account, which includes the value of the securities maintained on margin. Therefore,
there is a potential conflict of interest here, in that we may have an incentive to encourage the use of
margin, and in doing so, maintain higher account values, and therefore receive a higher fee. The use
of margin also results in interest charges from the custodian, in addition to all other fees and expenses
associated with the securities involved.

Compensation for the Sale of Securities or Other Investment Products
Separately, persons providing investment advice on behalf of our firm may be licensed as independent
insurance agents and earn commission-based compensation for selling insurance products. Insurance
commissions earned by these persons are separate and in addition to our firm's advisory fees. This
practice presents a conflict of interest because persons providing investment advice on behalf of our
firm who are insurance agents have an incentive to recommend insurance products to you for the
purpose of generating commissions. However, you are under no obligation, contractually or otherwise,
to purchase insurance products through any person affiliated with our firm.

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 are under no obligation, contractually or
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Item 7 Types of Clients
Most of our clients are individuals. They may have trust accounts or estate accounts, or business
related retirement accounts, or other individual retirement accounts, or have connections with business
entities or charitable organizations. We do not have any minimum account size. We have an annual
minimum fee of $2,000 ($500 every three months), which can be lowered or waived at our discretion.
We also provide advice to the retirement plans of small businesses and not-for-profit organizations.