Royal Fund Management LLC

Item 5 Fees and Compensation
A. Fee Schedule

Investment Supervisory Services Fees

 Total Assets Under Management                   Annual Fee
           Under $100,000                           2.00%
       $100,000 - $1,000,000                        1.50%
          Above $1,000,000                          1.25%

Certain existing clients may be billed under a different fee schedule.

In addition to the above, if you enroll in our Dividend Enhancement Overlay Strategy, we charge an
additional 0.25%. Any clients enrolled in the strategy prior to March 31, 2017 will not incur an additional
charge.

These fees are negotiable and the final fee schedule is attached as Exhibit II of the Investment
Advisory Contract. Fees are paid quarterly in arrears, and clients may terminate their contracts with
thirty days' written notice. Because fees are charged in arrears, no refund policy is necessary. Clients
may terminate their accounts without penalty within 5 business days of signing the advisory contract.
Advisory fees are withdrawn directly from the client's accounts with client written authorization.

Additionally, accounts managed with option strategies will be charged based on the following fee
schedule:

 Total Assets Under Management                   Annual Fee
        $100,000 - $250,000                         2.00%
        $250,001 - $500,000                         1.75%
        $500,001 and Above                          1.50%

Financial Planning Fees

Fixed Fees
Depending upon the complexity of the situation and the needs of the client, the typical rate for creating
client financial plans is between $250 and $10,000. In some instances, the complexity of the client's
financial situation or the need to apply specialized knowledge or experience may warrant charging a
fee in excess of $10,000. In such cases, the reasons for the higher fee will be discussed with the client
and the fee disclosed prior to the client executing the Financial Planning Agreement. Fees are paid in
arrears upon completion. Because fees are charged in arrears, no refund is necessary. The fees are
negotiable, and the final fee schedule will be attached as Exhibit II of the Financial Planning
Agreement. Clients may terminate their contracts without penalty within five business days of signing
the advisory contract.

Hourly Fees
Depending upon the complexity of the situation and the needs of the client, the hourly fee for these
services is $250. The fees are negotiable, and the final fee schedule will be attached as Exhibit II of
the Financial Planning Agreement. Fees are paid in arrears upon completion. Because fees are
charged in arrears, no refund is necessary. Clients may terminate their contracts without penalty within
five business days of signing the advisory contract.

Selection of Other Advisers
Depending on the MM selected, you may be required to sign an agreement directly with the
recommended MM or a limited power of attorney allowing the MM to debit their fees. Should you wish
to terminate your advisory relationship with a MM, you should contact your Royal Fund Management,
LLC investment adviser representative.

Advisory fees charged by MM's are separate and apart from our advisory fees. Assets managed by
MM's will be included in calculating our advisory fee, which is based on the fee schedule set forth in
the Portfolio Management Services section in this brochure. Advisory fees that you pay to MM(s) vary
depending on the manager selected and will be disclosed on either the MM's advisory contract or on
the Royal Fund Management, LLC Investment Advisory Contract. These fees may or may not be
negotiable. You should review the applicable contract and take into consideration the MM's fees along
with our fees to determine the total amount of fees associated with this program.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above.

We encourage you to reconcile our invoices with the statement(s) you receive from the qualified
custodian. If you find any inconsistent information between our invoice and the statement(s) you
receive from the qualified custodian, please call our main office number located on the cover page of
this brochure.

Financial Consulting Services - Advice on Held Away Assets

 Total Assets Under Management                 Quarterly Fee
           $0 to $100,000                           0.5%
    Over $100,000 to $1,000,000                    0.375%
          Over $1,000,000                         0.3125%

The fee for held away assets may be paid via credit card or through a deduction from the
client's Schwab account and is billed either quarterly or monthly (depending on the payment method
selected). The fee is based on the tiered fee schedule with a minimum fee of $120 per year.

Participant Account Management

 Total Assets Under Management                  Quarterly Fee
           $0 to $200,000                            0.25%
     Over $200,000 to $500,000                       0.20%
           Over $500,000                             0.15%

The minimum fee for this service is $120 per year paid monthly. Fees are collected either by check via
a mailed quarterly invoice, debited quarterly from a Schwab account, charged monthly to the client's
credit card via a credit card authorization form or, when available, debited quarterly from the plan
participants' defined contribution plan account. The advice provided is delivered on a quarterly basis.
Client will be charged the remaining monthly installments for the current calendar quarter when paying
monthly by credit card.
...

Types of Clients:

    •   Individuals
    •   High-Net-Worth Individuals
    •   Corporations or Business Entities
    •   Pension & Profit Sharing Plans
    •   Charitable Organization

Minimum Account Size
There is no account minimum for standard portfolio management. The minimum investment for our
options strategy will be $100,000.