Quantum Portfolio Management LLC

Item 5 Fees and Compensation
Sub-Advisory Services for Registered Investment Advisers
Fees and payment arrangements are negotiable and will vary on a case-by-case basis.

Wrap Program Fee
For fee information concerning the Wrap Fee Program, see Appendix 1 to this Brochure.

Wrap Fee Program Disclosures
   • The benefits under a wrap fee program depend, in part, upon the size of the account, the costs
      associated with managing the account, and the frequency or type of securities transactions
      executed in the account.
   • For example, a wrap fee program may not be suitable for all accounts, including but not limited
      to accounts holding primarily, and for any substantial period of time, cash or cash equivalent
      investments, fixed income securities or no-transaction-fee mutual funds, or any other type of
      security that can be traded without commissions or other transaction fees.
   • In order to evaluate whether a wrap [or bundled] fee arrangement is appropriate for you, you
      should compare the agreed-upon Wrap Program Fee and any other costs associated with
      participating in our Wrap Fee Program with the amounts that would be charged by other
      advisers, broker-dealers, and custodians, for advisory fees, brokerage and execution costs, and
      custodial services comparable to those provided under the Wrap Fee Program.

Conflict of Interest
When managing a client's account on a wrap fee basis, we receive as compensation for our
investment advisory services, the balance of the total wrap [or program] fee you pay after custodial,
trading and other management costs (including execution and transaction fees) have been deducted.
Accordingly, we have a conflict of interest because we have a financial incentive to maximize our
compensation by seeking to reduce or minimize the total costs incurred in your account(s) subject to a
wrap fee.

Neither Raymond James or Schwab generally charge commissions [or transaction fees] for online
trades of U.S. exchange-listed securities (including U.S. exchange-listed ETFs), options (subject to
$0.65 per contract fee), and no-transaction-fee ("NTF") funds. This means that, in most cases, when
we buy these types of securities, we can do so without paying any commissions to Raymond James or
Schwab. We encourage you to review your selected custodian's pricing to compare the total costs of
entering into a wrap fee arrangement versus a non-wrap fee arrangement. If you choose to enter into
a wrap fee arrangement, your total cost to invest could exceed the cost of paying for brokerage and
advisory services separately.

Unified Managed Account ("UMA") Fees
Our annual fee for UMA is billed and payable, quarterly in advance, based on the balance at the last
business day of the billing period.

Annual management fees for UMA are as follows:

                                 Annual Fee Schedule

Assets Under Management                                     Annual Fee
Up to $5,000,000                                            0.75%
$5,000,001 - $10,000,000                                    0.65%
$10,000,001 - $100,000,000                                  0.55%
Over $100,000,000                                           0.45%

If the advisory agreement is executed at any time other than the first day of a calendar quarter, our
management fees will apply on a pro rata basis, which means that the management fee is payable in
proportion to the number of days in the quarter for which you are a client. Our management fee is
negotiable, depending on individual client circumstances.

Fees are negotiable, and we may agree to higher or lower fees based on a client's specific
circumstances. At our discretion, we can combine the account values of a Client if they have multiple
portfolios with us to determine the applicable management fee. Combining account values can
increase the asset total, which could result in your paying a reduced overall management fee rate,
based on the available breakpoints in our fee schedule stated above.

We will deduct our management fee directly from your account through the qualified custodian holding
your funds and securities. We will deduct our management fee only when you have given our firm
written authorization permitting fees to be paid directly from your account. Further, the qualified
custodian will deliver an account statement to you at least quarterly. These account statements will
show all disbursements from your account, including our management fee. You should review all
statements for accuracy.

You can verbally terminate the advisory agreement at any time during the engagement. If you have
pre-paid management fees that we have not yet earned, you will receive a prorated refund of those
fees.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. 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,
refer to the Brokerage Practices section of this brochure.

Compensation for the Sale of Securities or Other Investment Products
...

Item 7 Types of Clients
We offer investment advisory services to individuals, including high net worth individuals and families,
trade associations, non-profits, registered investment advisors, healthcare organizations, family offices,
endowments & foundations, and corporations.

In general, we do not require a minimum dollar amount to undertake advisory services.