S & P Financial Inc

Item 5 – Fees and Compensation

A     Our Fees.

      Fees for Comprehensive Investment Management Services. RPS typically charges an
      annual asset-based advisory fee equal to 1.00% of the market value of your account held
      at the Custodian in connection with its provision of Comprehensive Investment
      Management Services. These fees cover the costs of our investment advice. Our advisory
      fees may be negotiated on a per client basis, and some clients may pay advisory fees at a
      higher or lower rate that that stated above. The advisory fee applicable to your account
      may be amended from time to time in our sole discretion, upon 30 days’ written notice to
      you.

      Our advisory fees are calculated and payable quarterly, in advance (for example, ¼ of
      1.00% per quarter), based on the value of your portfolio (including any cash balances) as
      of the last day of the prior quarter. The initial advisory fee applicable to your account will
      be based on the opening value of your account as of the date on which we begin to provide
      services and shall be pro-rated for partial periods. Subject to our sole discretion, we may
      agree to exclude the value of certain Legacy Assets held in your account for purposes of
      calculating our advisory fees. Any Legacy Assets to be excluded from our fee calculations
      will be set forth in our written advisory agreement.

      Clients may make additions or withdrawals from their account at any time. While we
      typically do not adjust our advisory fees on account of mid-period additions or

RETIREMENT PLANNING SPECIALISTS, INC.                              Form ADV Part 2B – Firm Brochure

      withdrawals, we reserve the right in our sole discretion to make such adjustments. Clients
      should note that some or all of the investments in their account may be intended as long-
      term investments and withdrawals of cash and premature liquidations of securities
      positions may impair the achievement of your investment objectives. For this reason, we
      recommend that you advise us in advance of any expected deposits or withdrawals from
      your account in excess of $10,000.

      All security pricing is performed by the Custodian. We will rely on this pricing in
      determining the advisory fees attributable to your account(s). The Custodian may use
      various pricing services such as Reuters and Standard & Poor’s to price securities held in
      your account. For actively traded securities, these services use the actual last reported sale
      price. For less actively traded securities such as bonds, these services will use the
      appropriate valuation methodology to determine the value of the security.

      Fees for Stand-Alone Financial Planning Services. RPS charges hourly fees ranging from
      $200 to $250/hour or flat fees typically ranging from $1,000 - $2,500 in connection with
      its provision of Stand-Alone Financial Planning Services. These fees are negotiable. The
      total amount of any fixed fees are determined at the time you execute our written advisory
      agreement. In the case of an hourly arrangement, we will provide you with our estimate of
      fees at the time you execute our written advisory agreement. In all cases, our fees for Stand-
      Alone Financial Planning Services will vary based on our expectation of the complexity,
      time, research, and resources required to complete the financial planning services requested
      by the client, the personnel involved in the planning activities, and various other factors.
      In the case of an hourly engagement, you will be billed 50% of the estimated charges at
      the time you execute our written advisory agreement, with any balance invoiced to your
      and due upon delivery of your written financial plan. In the case of a fixed fee engagement,
      you will be invoiced the entire flat fee at the time you execute our written advisory
      agreement.

B     Our Billing Procedures. Fees for Comprehensive Investment Management Services are
      paid directly to us from your account(s) held at the Custodian upon your written approval
      of such arrangement and our periodic submission to you and the Custodian of a written
      invoice reflecting the amount of advisory fees to be charged to your account. We will
      liquidate money market shares or use cash balances from your account to pay our advisory
      fee, however, if money market shares or cash value are not available, other investments
      may be liquidated. Please note that unexpected or premature liquidation of investments to
      pay our advisory fees may impair the performance of your account.

      The Custodian will independently send an account statement to you on a monthly basis
      identifying the amount of funds and each security in the account at the end of the period
      and setting forth all transactions in the account during that period, including the amount of
      any advisory fees paid directly to us. We encourage you to review our reports and the
      Custodian’s account statements carefully and promptly upon receipt. If you believe we
      have miscalculated the advisory fees applied to your account or if there is any other issue
      with your account, you should contact us immediately at the phone number and e-mail
      address listed on the cover page of this brochure.

RETIREMENT PLANNING SPECIALISTS, INC.                              Form ADV Part 2B – Firm Brochure

      Fees for Stand-Alone Financial Planning Services are invoiced at the time of executing our
      written advisory agreement. In the case of an hourly engagement, any fees due at the
      conclusion of the engagement will be invoiced together with our delivery of your written
      financial plan. All hourly and fixed financial planning fees are due upon receipt of our
      invoice.
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Item 7 – Types of Clients

RETIREMENT PLANNING SPECIALISTS, INC.                                Form ADV Part 2B – Firm Brochure

We provide investment advice to individuals, high net worth individuals, 401(k), pension and
profit sharing plans and their participants, estates and trusts, partnerships, corporations and other
business entities. Because each client is unique, they must be willing to be involved in the planning
and ongoing processes of our management of their account. Such involvement does not have to be
time consuming, however we want our clients to remain informed and have a sense of security
about their investments.

We require a minimum account balance of $250,000 to participate in our Comprehensive
Investment Management Services. We may waive this account minimum at our sole discretion.
We do not have any minimum advisory fees.