PSC Financial LLC

Item 5. Fees and Compensation
      PSC Financial offers services on a fee basis, which may include fixed and/or hourly fees, as well as fees
      based upon assets under management or advisement. Additionally, certain of the Firm’s Supervised
      Persons, in their individual capacities, may offer securities brokerage services and/or insurance products
      under a separate commission-based arrangement.

      Financial Planning and Consulting Fees

      PSC Financial may charge a fixed and/or hourly fee for providing financial planning and consulting services
      under a stand-alone engagement. These fees are negotiable, but generally range from $1,500 to $5,000 on
      a fixed fee basis and/or from $250 to $500 on an hourly basis, depending upon the scope and complexity
      of the services and the professional rendering the financial planning and/or the consulting services. If the
      client engages the Firm for additional investment advisory services, PSC Financial may offset all or a
      portion of its fees for those services based upon the amount paid for the financial planning and/or consulting
      services.

      The terms and conditions of the financial planning and/or consulting engagement are set forth in the
      Advisory Agreement and PSC Financial generally requires one-half of the fee (estimated hourly or fixed)
      payable upon execution of the Advisory Agreement. The outstanding balance is generally due upon
      delivery of the financial plan or completion of the agreed upon services. The Firm does not, however, take
      receipt of $500 or more in prepaid fees in excess of six months in advance of services rendered.

      Investment Management Fees

      PSC Financial offers investment management services for an annual fee based on the amount of assets
      under the Firm’s management. This management fee generally varies between 50 and 150 basis points
      (0.50% – 1.50%), depending upon the size and composition of a client’s portfolio and the type of services
      rendered.

      The annual fee is prorated and charged quarterly, in advance, based upon the market value of the assets
      being managed by PSC Financial on the last day of the previous billing period.

      If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
      payable with respect to such assets is adjusted to reflect the interim change in portfolio value. For the initial
      period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory agreement is
      terminated, the fee for the final billing period is prorated through the effective date of the termination and
      the outstanding or unearned portion of the fee is charged or refunded to the client, as appropriate.

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 Disclosure Brochure                                                                 PSC Financial L. L. C.

      Additionally, for asset management services the Firm provides with respect to certain client holdings (e.g.,
      held-away assets, accommodation accounts, alternative investments, etc.), PSC Financial may negotiate a
      fee rate that differs from the range set forth above.

      Retirement Plan Consulting Fees
      PSC Financial may charge a fixed project-based fee to provide clients with retirement plan consulting
      services. Each engagement is individually negotiated and tailored to accommodate the needs of the
      individual plan sponsor, as memorialized in the Agreement. These fees vary, based on the scope of the
      services to be rendered. In those situations where PSC Financial has agreed to manage a plan’s assets, the
      Firm may also charge an annual asset-based fee between 15 and 50 basis points (0.15% – 0.50%), depending
      upon the amount of assets to be managed.

      Fee Discretion

      PSC Financial may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such
      as anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing/legacy client relationship, account retention
      and pro bono activities.

      Additional Fees and Expenses

      In addition to the advisory fees paid to PSC Financial, clients may also incur certain charges imposed by
      other third parties, such as broker-dealers, LPLs, trust companies, banks and other financial institutions
      (collectively “Financial Institutions”). These additional charges may include securities brokerage
      commissions, transaction fees, custodial fees, fees attributable to alternative assets, reporting charges, fees
      charged by the Independent Managers, charges imposed directly by a mutual fund or ETF in a client’s
      account, as disclosed in the fund’s prospectus (e.g., fund management fees and other fund expenses),
      deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other
      fees and taxes on brokerage accounts and securities transactions. The Firm’s brokerage practices are
      described at length in Item 12, below.

      Direct Fee Debit

      Clients generally provide PSC Financial and/or certain Independent Managers with the authority to directly
      debit their accounts for payment of the investment advisory fees. The Financial Institutions that act as the
      qualified LPL for client accounts, from which the Firm retains the authority to directly deduct fees, have
      agreed to send statements to clients not less than quarterly detailing all account transactions, including any
      amounts paid to PSC Financial. Where required, PSC Financial also sends to clients a written invoice

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 Disclosure Brochure                                                                  PSC Financial L. L. C.
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Item 7. Types of Clients
      PSC Financial offers services to individuals, high net worth individuals, pension and profit sharing plans,
      trusts, estates, charitable organizations, corporations and business entities.

      Minimum Account Requirements

      PSC Financial does not impose a stated minimum fee or minimum portfolio value for starting and
      maintaining an investment management relationship. Certain Independent Managers may, however,
      impose more restrictive account requirements and billing practices from the Firm. In these instances, PSC
      Financial may alter its corresponding account requirements and/or billing practices to accommodate those
      of the Independent Managers.