Planning Works Advisory Inc

Item 5 – Fees and Compensation

Fees for PWA Services:

       Portfolio Management Services

       Fees charged for discretionary and non-discretionary investment management services
       are negotiated prior to the engagement at a rate not to exceed 2.00%. The firm may also
       at its discretion impose separate fees for additional advisory or planning services
       provided, but such fees will be disclosed in advance.

       Fees are generally calculated and charged quarterly in advance based on the quarter
       ending balance of assets under management at the end of the preceding quarter (i.e. the
       beginning of the service quarter). Fees for partial quarters are prorated based on the
       number of days assets are under management (e.g. new accounts, terminated accounts,
       cash inflows into existing accounts, cash outflows from an existing account, etc.) . Fees
       are deducted directly from client accounts except in instances where alternate payment is
       necessary and has been approved by PWA.

    Services may be terminated at any time by either party with 30 days written notice to the
    other party, and fees will be prorated accordingly. Any payments made in advance will
    be prorated and any unearned portion will be refunded to the client subject to the notice
    provision above.

    All management fees paid to PWA are separate and unrelated to any fees or expenses
    assessed by mutual funds or exchange traded funds. Information pertaining to fund-
    generated fees and expenses can be found in mutual fund and exchange traded fund
    prospectuses. Management fees paid to PWA are also separate from any trade
    commission charged by an account custodian, although trade commissions may at times
    be paid by PWA at the firm’s discretion. Fees paid to outside managers under a sub-
    advisory or third party manager arrangement are also separate and payable by Client,
    although such fees will be disclosed to Client in advance.

    Investment Advisory Services

    Fees charged for non-management advisory services may be charged in advance or in
    arrears depending on the service provided. Fees are negotiated in advance at a rate not to
    exceed 2.00% depending on the level of complexity of the engagement. Fee rates are
    based on actual services provided rather than being based solely on the level of assets
    managed as detailed above for investment management services.

    The firm’s current sample fee schedule is as follows:

           Assets Under Management                Annual Flat Fee %
           Under $500,000                         1.85%
           Under $1.0 Million                     1.65%
           Under $2.5 Million                     1.40%
           Under $5.0 Million                     1.30%
           Under $7.5 Million                     1.20%
           Under $10 Million                      1.10%
           Over $10 Million                       0.90%

    Fees are either deducted directly from the client account, billed to another account, or
    billed directly to the client, depending on the engagement.

    Services may be terminated at any time by either party with 30 days written notice to the
    other party, and fees will be prorated accordingly. Any payments made in advance will
    be prorated and any unearned fees will be refunded to the client subject to the notice
    provision above.

    All advisory fees paid to PWA are separate and unrelated to any fees or expenses
    assessed by any broker, custodian, or other outside party.

    Financial Planning and Consulting Services

    Fees charged for financial planning and consulting services are quoted in advance and
    charged at a fixed amount or are quoted on an hourly basis. Quoted fixed fees (not to
    exceed $250,000) will be based on the complexity and level of service provided on a case
    by case basis. Hourly fees (not to exceed $500 per hour) will be estimated based on the
    complexity and level of service provided on a case by case basis. As mentioned above,
    services may include planning in areas such as education funding, retirement planning,
    estate planning, risk management, employee benefits planning, tax planning, etc. Since
    each of these areas can vary in complexity depending on the complexity of the client’s
    financial situation, cost will vary as well. Fees are negotiable depending on the
    circumstances of the engagement, location, etc.

    Fees are generally billed directly to the client in arrears, although a portion of which may
    be billed in advance.

    Services may be terminated at any time by either party with written notice to the other
    party, and fees will be prorated based on the degree to which services have been
    completed. Any payments made in advance will be prorated and any unearned fees will
    be refunded to the client subject to the notice provision above.

    All financial planning fees paid to PWA are separate and unrelated to any fees or
    expenses assessed by any broker, custodian, or other outside party.

    Retirement Plan Services

    Fees charged for retirement plan services may be charged in advance or in arrears
    depending on the service provided. Fees may be fixed or asset based (not to exceed
    1.50% annually), and are negotiable depending on the complexity of the service. Fee
    levels (whether fixed or asset based) are primarily based on actual services to be
    provided.

    Fees are generally due quarterly, and depending on the engagement, may be deducted
    directly at the plan level, may be deducted from individual plan participant accounts, may
    be billed to the plan sponsor, or may be billed to a plan administrator at the request of the
    plan sponsor.

        Services may be terminated at any time by either party with 30 days written notice to the
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Item 7 – Types of Clients

PWA provides services to the following types of clients:

       Individuals and High Net Worth Individuals
       Trusts, Estates or Charitable Organizations
       Pension and Profit-Sharing Plans
       Corporations, Limited Liability Companies and/or Other Business Types

Our minimum initial account value is $50,000; however, we may accept accounts for less than
the minimum.