Personal Financial Solutions LLC

ITEM 5:      FEES AND COMPENSATION

     A.      Fees Charged

     Personal Financial Solutions, LLC, may charge Fees for services, as determined on a case-by-
     case basis, in either of the following two manners:

     Percentage of Assets Under Management: This is the primary method for billing with regard to
     Investment Management Services. Fees are billed quarterly in arrears on a quarterly basis. These fees
     are negotiable on a client-by-client basis. For clients whose assets are managed by the firm, investment
     advisory fees will be debited directly from each client’s account. To the extent there is cash in your
     account, it will be included in the value for the purpose of calculating fees Once the calculation is
     made, we will instruct your account custodian to deduct the fee from your account and remit it to our
     firm. While almost all of our clients choose to have their fee debited from their account, we will
     invoice clients upon request.

     Clients whose fees are directly debited will provide written authorization to debit advisory fees from
     their accounts held by a qualified custodian chosen by the client. The client will receive a statement
     from their account custodian showing all transactions in their account, including the fee. The client
     may terminate the relationship at any time. The base non-negotiated fee is based on the assets under
     management according to the following base schedule:

                           Portfolio Value                     Annual Rate
                           $0 - $499,999                        1.25%
                           $499,999 - $999,999                  1.15%
                           Over $1,000,000                      1.00%

     Fixed Rate: This is the primary method for Financial Planning and Investment Advisory Services.
     Fees are determined in accordance with a working knowledge of the complexity of the client's situation
     and the services requested. These fees are negotiable on a client-by-client basis. The fee, or fee
     calculation method, is determined and incorporated into the contract which is signed in advance by
     and for each individual client.

     PFS will recommend and/or transact trades utilizing open-end mutual funds, exchange traded funds,
     and individual stocks and bonds that will incur transaction fees or commissions assessed by the
     custodian. Clients are advised of such fees prior to the execution of transactions.

     B.      Pro-rata Fees

     If client becomes a client during a quarter, they will pay a management fee for the number of days left
     in that quarter. If clients terminate the relationship during a quarter, they will be entitled to a refund
     of any management fees for the remainder of the quarter they may have prepaid. Once the notice of
     termination is received, PFS will assess pro-rated fees for the number of days between the end of the
     prior billing period and the date of termination to be paid in whatever way clients direct (check, wire).
     PFS will cease to perform services, including processing trades and distributions, upon termination.

     Assets not transferred from terminated accounts within 30 (thirty) days of termination may be “de-
     linked”, meaning they will no longer be visible to PFS and will become a retail account with the
     custodian.

ITEM 7:      TYPES OF CLIENTS

     PFS provides investment management services, financial planning services, and investment advisory
     services to individuals, trusts, businesses, and qualified retirement plans.

     PFS does not maintain any particular requirements for opening and maintaining accounts, however,
     PFS does reserve the right to decline to work with certain prospective clients and/or advise them to
     seek advice/services elsewhere if there does not appear to be the basis for a mutually beneficial,
     productive, and enjoyable relationship.