Sage Financial Advisors Inc

Item 5           Fees and Compensation

   A.
                                    INVESTMENT ADVISORY SERVICES
         If a client determines to engage the Registrant to provide discretionary investment
         advisory services on a negotiable fee-only basis, the Registrant’s annual investment
         advisory fee shall be based upon a percentage (%) of the market value of the assets
         placed under the Registrant’s management (generally between 0.35% and 0.75%) as
         follows:
                             Market Value of Portfolio        % of Assets
                             First $2,000,000                  0.75%
                             Next $3,000,000                   0.50%
                             Over $5,000,000                   0.35%

                FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
         To the extent specifically requested by a client, the Registrant may determine to provide
         financial planning and/or consulting services (including investment and non-investment
         related matters, including retirement planning, insurance planning, college funding, etc.)
         on a stand-alone fee basis. Registrant’s planning and consulting fees are negotiable, but
         generally range from $1,000 to $20,000 on a fixed fee basis, and from $220 to $375 on an
         hourly rate basis, depending upon the level and scope of the service(s) required and the
         professional(s) rendering the service(s).

                                        INVESTMENT CONSULTING
         Registrant may, in its sole discretion, determine to provide non-discretionary investment-
         related consulting services on a stand-alone basis. The Registrant’s consulting fee shall
         be based upon a percentage (%) of the market value of the assets placed under the
         Registrant’s consulting service (between 0.10% and 0.25%) as mutually agreed upon
         between the Registrant and the client and such fee will be charged each time a client
         requests a review of their investment portfolio.

                      TAX RETURN PREPARATION & TAX PLANNING SERVICES
         To the extent requested by the client, Registrant may determine to provide tax return
         preparation and tax planning services on a stand-alone separate hourly fee basis ranging
         between $110 and $375 depending upon the complexity of the engagement and the
         personnel performing the services.

         Registrant, in its sole discretion, may charge a lesser fee, charge a flat fee, or enter into an
         alternative fee arrangement with a client based upon certain criteria (i.e., bundled
         services, anticipated future earning capacity, anticipated future additional assets, dollar
         amount of assets to be managed, related accounts, account composition, prior fee
         schedules, competition, negotiations with client, etc.). As a result, similarly situated
         clients could pay different fees. In addition, similar services may be available from other
         investment advisers for similar or lower fees.

   B. Clients may elect to have the Registrant’s advisory fees deducted from their custodial
      account. Both Registrant's Investment Advisory Agreement and the custodial/clearing
      agreement may authorize the custodian to debit the account for the amount of the

    Registrant's investment advisory fee and to directly remit that management fee to the
    Registrant in compliance with regulatory procedures. In the limited event that the
    Registrant bills the client directly, payment is due upon receipt of the Registrant’s
    invoice. The Registrant shall deduct fees and/or bill clients quarterly in arrears, based
    upon the market value of the assets on the last business day of the previous quarter.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, the Registrant shall generally recommend that Charles Schwab
   and Co., Inc. (“Schwab”) serve as the broker-dealer/custodian for client investment
   management assets.

    Broker-dealers such as Schwab charge brokerage commissions, transaction, and/or other
    type fees for effecting certain types of securities transactions (i.e., including transaction
    fees for certain mutual funds, and mark-ups and mark-downs charged for fixed income
    transactions, etc.). The types of securities for which transaction fees, commissions, and/or
    other type fees (as well as the amount of those fees) shall differ depending upon the
    broker-dealer/custodian. While certain custodians, including Schwab, generally (with the
    potential exception for large orders) do not currently charge fees on individual equity
    transactions (including ETFs), others do.

    There can be no assurance that Schwab will not change their transaction fee pricing in the
    future.

    Schwab may also assess fees to clients who elect to receive trade confirmations and
    account statements by regular mail rather than electronically.

    Clients will incur, in addition to Registrant’s investment management fee, brokerage
    commissions and/or transaction fees, and, relative to all mutual fund and exchange traded
    fund purchases, charges imposed at the fund level (e.g., management fees and other fund
    expenses).

D. Registrant's annual investment advisory fee shall be prorated and paid quarterly, in
   arrears, based upon the market value of the assets on the last business day of the previous
   quarter, including any accrued interest or dividends.

    The Registrant generally requires a minimum account value of $250,000. The Registrant
    generally requires a minimum annual fee of $1,875.00 ($468.75 quarterly) for investment
    advisory services. The Registrant, in its sole discretion, may charge a lesser investment
    management fee and/or waive or reduce its minimum annual fee or account value
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Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals, business entities, trusts,
         charitable organizations, and pension and profit-sharing plans.