Southport Station Financial Management LLC

Item 5           Fees and Compensation

   A.
                                   INVESTMENT ADVISORY SERVICES
         The client can engage the Registrant to provide discretionary and/or non-discretionary
         investment advisory services on a fee basis. Registrant’s negotiable annual investment
         advisory fee shall generally be based upon a percentage (%) of the total market value and
         type of assets placed under Registrant’s management. The fee is negotiable but will not
         exceed 1.25%. The full schedule is as follows:

                         Assets Under Management                    Annual Fee

                     $0 to $499,999                              1.25%
                     $500,000 to $2,999,999                      1.00
                     $3,000,000 to $5,999,999                    0.75%
                     $6,000,000 and Above                        Negotiable

    Registrant typically imposes a $250,000 minimum asset level for investment management
    services. However, the Registrant may, in its sole discretion, waive or reduce its minimum
    asset level requirement based upon certain criteria (i.e., anticipated future earning capacity,
    anticipated future additional assets, business or familial relationship, dollar amount of
    assets to be managed, related accounts, account composition, etc.).

    Fee Dispersion. Registrant, in its discretion, may charge a lesser or higher investment
    advisory fee, charge a flat fee, waive appliable minimum asset or minimum fee levels,
    waive its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e.
    anticipated future earning capacity, anticipated future additional assets, dollar amount of
    assets to be managed, related accounts, account composition, complexity of the
    engagement, anticipated services to be rendered, grandfathered fee schedules, employees
    and family members, courtesy accounts, competition, negotiations with client, etc.). Please
    Note: As result of the above, similarly situated clients could pay different fees. In addition,
    similar advisory services may be available from other investment advisers for similar or
    lower fees. ANY QUESTIONS: Registrant’s Chief Compliance Officer, Thomas A.
    Turiano, remains available to address any questions that a client or prospective client may
    have regarding advisory fees.

           FINANCIAL PLANNING AND CONSULTING SERVICES (STAND-ALONE)
    To the extent requested by a client, Registrant may determine to provide financial planning
    and/or consulting services (including investment and non-investment related matters,
    including estate planning, insurance planning, etc.) on a stand-alone separate fee basis.
    Registrant’s planning and consulting fees are negotiable, but generally range from $500 to
    $20,000 on a fixed fee basis or from $250 to $375 per hour on an hourly basis. The type
    and amount of the fee is dependent upon the level and scope of the services required.

B. Clients may elect to have Registrant’s fees deducted from their custodial accounts. The
   applicable form of Agreement and the custodial / clearing agreement may authorize the
   custodian to debit the account for the amount of Registrant’s fees and to directly remit that
   fee to Registrant in compliance with regulatory procedures. In the limited event that
   Registrant bills the client directly, payment is due upon receipt of Registrant’s invoice.
   Registrant generally deducts or bills clients for its fees quarterly in advance, based upon
   the market value of the assets on the last business day of the previous quarter. However,
   for certain retirement plans, Registrant bills its advisory fee quarterly in arrears based upon
   the market value of the assets on the last business day of the previous quarter.

C. As discussed in Item 12 below, unless the client directs otherwise or an individual client’s
   circumstances require, Registrant shall generally recommend that Raymond James &
   Associates, Inc. (Member NYSE/SIPC) (“Raymond James”), an SEC registered and
   FINRA member broker-dealer, serve as the broker-dealer/custodian for client investment
   advisory assets. Registrant may, to better serve specific client needs, elect to use the
   services of other custodians, at its discretion.

    Broker-dealers such as Raymond James 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 Raymond James, 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 Raymond James will not change their transaction fee pricing
    in the future.

    Raymond James 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).

    Fees for Third-Party Discretionary Management. As discussed in Item 4 above, certain
    client assets may be allocated to an unaffiliated broker-dealer for fixed income and/or
    preferred equity management. These assets will not incur additional asset-based advisory
...

Item 7           Types of Clients

         Registrant’s clients generally include individuals, high net worth individuals, pension and
         profit-sharing plans, trusts, estates, charitable organizations, and business entities.