Sandy Morris Financial & Estate Planning Services LLC

Item 5 – Fees and Compensation

In addition to the information provided in Item 4 – Advisory Business, this section provides additional details
regarding our firm’s services along with descriptions of each service’s fees and compensation
arrangements. It should be noted that lower fees for comparable service may be available from other
sources. The exact fees and other terms will be outlined in the agreement between you and Sandy Morris
Financial.

Model Portfolio and Asset Management Services (“Advisory Services”)
Fees charged for our advisory services are charged based on a percentage of assets under management,
billed in advance (at the start of the billing period) on a quarterly calendar basis and calculated based on
the fair market value of your account as of the last business day of the previous billing period. Fees are
prorated (based on the number of days service is provided during the initial billing period) for your account
opened at any time other than the beginning of the billing period. If asset management services are
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commenced in the middle of the billing period, then the prorated fee for that billing period is based on the
value of the Account when services commence and is due immediately and will be deducted from Account
when services commence.
Our advisory services continue in effect until terminated by either party (i.e., Sandy Morris Financial or you)
by providing written notice of termination to the other party. Any prepaid, unearned fees will be promptly
refunded by Sandy Morris Financial to you. Fee refunds will be determined on a pro rata basis using the
number of days services are actually provided during the final period.

Fees charged for our advisory services are negotiable based on the investment adviser representative
providing the services, the type of client, the complexity of the client's situation, the composition of the
client's account (i.e., equities versus mutual funds), the potential for additional account deposits, the
relationship of the client with the investment adviser representative, and the total amount of assets under
management for the client.

For our services, client will be charged an annual fee based upon the amount of assets under management.
The following is an example of such a fee schedule:

        Assets under Management                                     Annual Fees
        $0 – $249,999                                               1.85%
        $250,000 – $499,999                                         1.75%
        $500,000 – $999,999                                         1.65%
        $1,000,000 – $1,999,999                                     1.50%
        $2,000,000+                                                 1.00%

There is typically a minimum account size of $10,000. Please review to your client agreement for the exact
terms of the annual fee that Sandy Morris Financial will charge. Sandy Morris Financial may make
exceptions to this minimum depending on the facts and circumstances of the client relationship.

Sandy Morris Financial believes that its annual fee is reasonable in relation to: (1) services provided and
(2) the fees charged by other investment advisers offering similar services/programs. However, our annual
investment advisory fee may be higher than that charged by other investment advisers offering similar
services/programs. In addition to our compensation, you may also incur charges imposed at the mutual
fund level (e.g., advisory fees and other fund expenses).

The investment advisory fees will be deducted from your account and paid directly to our firm by the
qualified custodian(s) of your account. You will authorize the qualified custodian(s) of your account to
deduct fees from your account and pay such fees directly to our firm. See Item 15 – Custody for more
details.

Since Sub-Advisor(s) will charge Client fees in addition to and separate from Sandy Morris Financial’s
annual fee, the overall fees incurred by Client increase when Client elects to use Sub-Advisor(s). Client will
be required to enter into an agreement directly with the Sub-Advisor. If the Sub-Advisor is registered as an
investment advisor, a complete description of the Sub-Advisor’s services and fees will be disclosed in the
Sub-Advisor’s Form ADV Part 2A or Part 2A Appendix 1 that will be provided to Client.

You should review your account statements received from the qualified custodian(s) and verify that
appropriate investment advisory fees are being deducted. The qualified custodian(s) will not verify the
accuracy of the investment advisory fees deducted.

Brokerage commissions and/or transaction ticket fees charged by the qualified custodian are billed directly
to you by the qualified custodian. Sandy Morris Financial does not receive any portion of such commissions
or fees from you or the qualified custodian. In addition, you may incur certain charges imposed by third
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parties other than Sandy Morris Financial in connection with investments made through your account
including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender charges, variable annuity
fees and surrender charges, IRA and qualified retirement plan fees, and charges imposed by the qualified
custodian(s) of your account. Management fees charged by Sandy Morris Financial are separate and
distinct from the fees and expenses charged by investment company securities that may be recommended
to you. A description of these fees and expenses are available in each investment company security’s
prospectus.

Minimum Investment Amounts Required

The minimum hourly fee generally charged for consulting services is $300.

Sandy Morris Financial requires a minimum of $10,000 to establish a managed account. Sandy Morris
...

Item 7 – Types of Clients

Sandy Morris Financial generally provides investment advice to the following types of clients:

    •   Individuals
    •   High net worth individuals

You are required to execute a written agreement with Sandy Morris Financial for advisory services in order
to establish a client arrangement with Sandy Morris Financial.