Read & Powell Financial Services LLC

Item 5       Fees and Compensation
                          PORTFOLIO MANAGEMENT SERVICES FEES

The annualized fee for Portfolio Management Services will be charged at 1% of assets under
management for all equity and fixed income accounts.

Our fees are billed in advance at the beginning of each calendar quarter based upon the value (market value or
fair market value in the absence of market value), of the client's account at the end of the previous quarter.
Fees will be debited from the account in accordance with the client authorization in the Client Services
Agreement.

Limited Negotiability of Advisory Fees: Although Read & Powell Financial Services, LLC has
established the aforementioned fee schedule, we retain the discretion to negotiate alternative fees
on a client-by-client basis. Client facts, circumstances and needs will be considered in determining
the fee schedule. These include the complexity of the client, assets to be placed under management,
anticipated future additional assets; related accounts; portfolio style, account composition, reports,
among other factors. The specific annual fee schedule will be identified in the contract between the
adviser and each client.

We may group certain related client accounts for the purposes of achieving the minimum account
size requirements and determining the annualized fee.

Discounts, which are not generally available to our advisory clients, may be offered to family
members and friends of associated persons of our firm.

                                     FINANCIAL PLANNING FEES

Read & Powell Financial Services, LLC's Financial Planning fee is generally $250 per hour; however,
fees will be determined based on the nature of the services being provided and the complexity of
each client's circumstances. All fees are agreed upon prior to entering into a contract with any client.

Our Financial Planning fees are calculated and charged on an hourly basis, based on the current
hourly rate of the person working on the client. Although the length of time it will take to provide a
Financial Plan will depend on each client's personal situation, we will provide an estimate for the
total hours at the start of the advisory relationship.

The client will be billed monthly in arrears based on actual hours accrued.

                                        WRAP FEE PROGRAMS

For further information, refer to FIWA’s Fidelity Managed Account Xchange Brochure on the Investment
Adviser Public Disclosure at https://adviserinfo.sec.gov/firm/brochure/301896.

                                       GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by
either party, for any reason upon receipt of 30 days’ written notice. As disclosed above, certain fees
are paid in advance of services provided. Upon termination of any account, any prepaid, unearned
fees will be promptly refunded. In calculating a client's reimbursement of fees, we will pro rate the
reimbursement according to the number of days remaining in the billing period.

Mutual Fund Fees: All fees paid to Read & Powell Financial Services, LLC, for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds and/or EFTs
to their shareholders. These fees and expenses are described in each fund's prospectus. These fees
will generally include a management fee, other fund expenses, and a possible distribution fee. If the
fund also imposes sales charges, a client may pay an initial or deferred sales charge. A client could
invest in a mutual fund directly, without our services. In that case, the client would not receive the
services provided by our firm which are designed, among other things, to assist the client in
determining which mutual fund or funds are most appropriate to each client's financial condition
and objectives. Accordingly, the client should review both the fees charged by the funds and our
fees to fully understand the total amount of fees to be paid by the client and to thereby evaluate the
advisory services being provided.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the
fees and expenses charged by custodians and imposed by broker dealers, including, but not limited
to, any transaction charges imposed by a broker dealer with which an independent investment
manager effects transactions for the client'saccount(s). Please refer to the "Brokerage Practices"
section (Item 12) of this Form ADV for additional information.

ERISA Accounts: Read & Powell Financial Services, LLC is deemed to be a fiduciary to advisory clients
that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee
Retirement Income and Securities Act ("ERISA"). As such, our firm is subject to specific duties and
obligations under ERISA and the Internal Revenue Code that include, among other things, restrictions
concerning certain forms of compensation. To avoid engaging in prohibited transactions, Read &
Powell Financial Services, LLC may only charge fees for investment advice about products for which

our firm and/or our related persons do not receive any commissions or 12b-1 fees, or conversely,
investment advice about products for which our firm and/or our related persons receive
commissions or 12b-1 fees, however, only when such fees are used to offset Read & Powell Financial
Services, LLC's advisory fees.

Advisory Fees in General: Clients should note that similar advisory services may (or may not) be available
from other registered (or unregistered) investment advisers for similar or lower fees.

Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of fees in excess
of $1200 more than six months in advance of services rendered.

Item 7      Types of Clients
Read & Powell Financial Services, LLC provides advisory services to the following types of clients:

•   Individuals (other than high net worth individuals)
•   High net worth individuals
•   Charitable organizations