Smith Brian David

Fees and Compensation
      Description
         Southeast Financial Advisors bases its fees on a percentage of assets under management, hourly
         charges, and fixed fees.
         Fees may be based on the complexity of work, especially when asset management is not the most
         significant part of the relationship. Financial plans are priced according to the degree of
         complexity associated with the client’s situation. Some fees may be waived as a courtesy solely at
         the discretionary basis of Southeast Financial Advisors.
         Fees are negotiable and will always be communicated to client before services are provided.
         Agreements may not be assigned without client consent.
         Southeast Financial Advisors provides separate financial planning services generally based on a
         maximum hourly rate of $350; however, it may provide financial planning services for a fixed fee.
         The fee for a financial plan is predicated upon the facts known at the start of the engagement. The
         fee is discussed in advance of services provided and is negotiable. Since financial planning is a
         discovery process, situations occur wherein the client is unaware of certain financial exposures or
         predicaments. In the event that the client’s situation is substantially different to than disclosed at
         the initial meeting, a revised fee will be provided upon mutual agreement. The client must approve

   the change of scope in advance of the additional work being performed when a fee increase is
   necessary.
   After delivery of a financial plan, future face-to-face meetings may be scheduled as necessary.
   Follow-up and implementation work is billed separately at an agreed rate in advance.
   Southeast Financial Advisors provides investment management services generally based on a
   percentage of the market value of assets managed; however, it may provide investment
   management services based on a maximum hourly rate of $350 or for a fixed fee.
   When investment management services are performed for a percentage of the market value of
   assets managed, the advisory fee is based on the following schedule:
             2.00% - up to $99,999;
             1.75% - from $100,000 to 249,999
             1.50% - from $250,000 to 499,999
             1.40% - from $500,000 to 1,999,999; and
             Negotiated - over $2,000,000
   The portfolio value at the completion of the prior full billing period is used as the basis for the fee
   computation. Current client relationships may exist where the fees are higher or lower than the
   fee schedule above.
   When Southeast Financial Advisors provides advice to a client that is not related to securities, it is
   compensated in the same manner as it is compensated for financial planning services (i.e., a
   maximum hourly rate of $350 or an agreed-upon fixed fee).

Fee Billing
   Investment management fees are either billed quarterly in advance, quarterly in arrears, or
   monthly in arrears, meaning that fees are paid either before or after the selected billing period has
   begun or ended. All clients are billed quarterly in advance unless requested by the client and
   agreed to by Southeast Financial Advisors. Fees are usually deducted from a designated client
   account to facilitate billing. The client must consent in advance to direct debiting of their
   investment account.
   Fees for financial plans and other services are generally billed upon delivery of the financial plan
   and are usually not debited from client accounts. A retainer, credited to the final bill, of not more
   than $500.00 is customary to begin services.

Other Fees and Expenses
   In addition to our advisory fees, clients may pay other fees and expenses in connection with our
   advisory services.
   Clients may incur brokerage and other transactions costs. The brokerage firm may charge
   transaction fees on purchases or sales of stocks, bonds, mutual funds, exchange-traded funds or
   any other investment. These transaction charges are usually small and incidental to the purchase
   or sale of a security. The selection of the security is more important than the nominal fee that the
   custodian charges to buy or sell the security. The custodian may also charge other fees such as
   annual account fees or account closing fees. Discount brokerages may charge a transaction fee for
   the purchase of some funds.

          Mutual funds generally charge a management fee for their services. This fee is disclosed in the
          fund’s prospectus. These fees are in addition to the fees paid by you to Southeast Financial
          Advisors.
          Performance figures quoted by mutual fund and ETF companies in various publications are after
          their fees have been deducted.
          For additional information, see the section below titled “Brokerage Practices.”

       Refund of Fees Paid in Advance
          A Client may terminate any of the aforementioned advisory relationships at any time by notifying
          Southeast Financial Advisors in writing and paying the rate for the time spent on the investment
          advisory engagement prior to notification of termination. Southeast Financial Advisors may
          terminate any of the aforementioned advisory relationships at any time by notifying the client in
          writing.
          As stated above, some clients must pay their advisory fees in advance. When the advisory contract
          for one of these clients is terminated in writing before the end of the period for which a fee has
          been paid, Southeast Financial Advisors will refund within 90 days any unearned portion of fees
          collected in advance. The amount to be refunded is based on the number of days remaining in the
          quarter after the date of termination.

       Compensation for the Sale of Securities
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Types of Clients
       Description
          Southeast Financial Advisors generally provides investment advice to individuals, pension and
          profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities.
          Client relationships vary in scope and length of service.

       Account Minimums
          Southeast Financial Advisors does not have an account minimum.
          Clients with a smaller amount of managed assets may pay a higher overall percentage rate on their
          managed assets than clients with a greater amount of managed assets.

Methods of Analysis, Investment Strategies and Risk of Loss