Portfolio Strategies Inc NY

ITEM 5 - FEES AND COMPENSATION

PSI charges fees based on a percentage of assets under management. The specific fees charged by PSI for services provided will be set
forth in each client’s Agreement.

Investment Management Services

          Fees for Investment Management Services
          PSI charges an annual advisory fee that is agreed upon with each client and set forth in an agreement executed by PSI and the
          client. The advisory fee will be specified on the fee schedule as set forth in the agreement executed by PSI and the client. The fee
          is based on a percentage of the value of assets under management and the advisory fee for the initial quarter shall be paid, on a pro
          rata basis, in arrears, based on the value of the net billable assets under management at the time the account becomes subject to the
          management of PSI. For subsequent quarters, the advisory fee shall be paid, in arrears, based on the average asset value of the
          client’s accounts. The average balance is defined as the average of the first business day of the quarter and the last business day of
          the preceding quarter as provided by third-party sources, such as pricing services, custodians, fund administrators, and client-
          provided sources. For purposes of this fee calculation, the asset value of client accounts include cash and cash equivalents, as well
          as margined securities, if any. PSI’s annual investment advisory fee for investment management services is generally based upon
          a percentage of the market value of the assets under management, and ranges up to 0.98%, annually, and is billed quarterly. If new
          money is deposited into a portfolio within the quarter, it will be billed only for the portion of the quarter that it was in the
          portfolio. Similarly, money withdrawn from a portfolio in within the quarter will not be billed for the portion of the quarter during
          which it was out of the portfolio.

          Fees for Investment Management Services to Retirement Plans
          For the provision of discretionary services for retirement plans, PSI is compensated based on a percentage of assets under
          management, which includes all assets that are assets of any retirement plan client. In addition, the other services that may be
          provided by PSI to retirement plan clients described above are included within the percentage of assets under management fee.
          There is no separate fee charged by PSI for these other services.

          The annualized fee for the discretionary and non-discretionary advisory services provided by PSI, which is inclusive of other
          services for retirement plan clients, is outlined above. Generally, PSI’s fees shall be paid, in arrears, based on the average asset
          value of the client’s accounts. The average balance is defined as the average of the first business day of the quarter and the last
          business day of the preceding quarter as provided by third-party sources, such as pricing services, custodians, fund administrators,
          and client-provided sources. A plan and/or its participants will also be subject to fees charged by the administrator for a plan, which
          may include an asset based charge at a plan client level, specific fees for services such as plan loans and withdrawals, transaction
          based fees and such other fees and expenses as agreed to by a plan and the administrator for a plan. PSI does not receive any
          portion of these fees.

          Fees for Private Investment Funds
          PSI may upon occasion enter into arrangements with qualified investors in private investment funds, as discussed below in Item
          10 of this brochure. At its discretion, PSI may charge its standard investment advisory fee for managing investments by advisory
          clients that have been invested in these private funds, however, clients who invest in private investment funds through PSI may
          also be responsible for expenses related to the fund, as specified in the Offering Memorandum for that fund, that should be reviewed
          by the client.

          Fees for Special Services
          In certain circumstances PSI may provide services for an hourly or set rate, as mutually agreed upon in writing with the client.
          These fees are separate and distinct from the customary investment advisory fee. These services may include special administrative
          activities related to account administration or in certain circumstances activities related to financial planning. Client are under no
          obligation to engage PSI for separate services.

Notwithstanding the foregoing, PSI and the client may choose to negotiate an annual advisory fee that varies from the schedule set forth
above. Factors upon which a different annual advisory fee may be based include, but are not limited to, the size and nature of the relationship,
the services rendered, the nature and complexity of the products and investments involved, time commitments, and travel requirements. The
advisory fee charged by the Firm will apply to all of the client’s assets under management, unless specifically excluded in the client agreement
or as otherwise agreed. PSI may group certain related client accounts for the purposes of determining the annualized fee. PSI reserves the
right to reduce or waive advisory fees for services to certain family members and friends, and in other certain circumstances. These rates are
not available to all of PSI’s advisory clients. Although PSI believes that its fees are competitive, clients should understand that lower fees for
comparable services may be available from other sources and firms. Typically pre-existing advisory clients are subject to PSI's advisory fees
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ITEM 7 - TYPES OF CLIENTS

PSI offers investment advisory services to individuals, including high net worth individuals, families, trusts, businesses, charitable
foundations, and retirement/profit-sharing plans. PSI does not impose a minimum portfolio size or a minimum initial investment to open an
account. However, PSI does reserve the right to accept or decline a potential client for any reason in its sole discretion.