Summit Financial Consulting LLC

5: Fees and Compensation) and in our Investment Proposal and Contract (Schedule D:
Schedule of Fees).
The above fees are negotiable. Fees are assessed quarterly in arrears based on the amount
of the assets managed as of the end of the previous quarter and will take into account
additions and withdrawals in the time period. All management fees are withdrawn from the
Client’s account unless otherwise noted. GI will receive written authorization from the Client
to deduct advisory fees from their account held by a qualified custodian. GI will pay SUMMIT
FINANCIAL their share of the fees. SUMMIT FINANCIAL does not have access to deduct Client
fees. Clients may terminate their account within five (5) business days of signing the
investment advisory agreement without penalty or obligation. For terminations after the
initial five business days, GI will be entitled to a pro-rata fee for the days service was
provided in the final quarter. GI will pay SUMMIT FINANCIAL their portion of the final fee.
Incentive Program - GI
In addition to the regular advisory fee, GI has instituted a long-term incentive arrangement
by SUMMIT FINANCIAL can share in GI’s portion of the management fee. This does not
change the cost to the Client; it is a sharing arrangement paid from GI’s portion of the
advisory fee. The incentive arrangement will be paid annually according to the following
table:
       SUMMIT FINANCIAL Quarterly AUM                   Participation rate in GI’s fee
                   with GI
                 $10,000,000                                        3.00%
                 $25,000,000                                       10.00%
                 $50,000,000                                       12.50%
                 $75,000,000                                       15.00%

Once SUMMIT FINANCIAL reaches and maintains the thresholds listed above, the
participation rate applies to all of the AUM for the quarter.
To receive the incentive award, SUMMIT FINANCIAL needs to meet two qualifications. First,
the quarter end billable AUM must be above the threshold amounts specified. Second,
SUMMIT FINANCIAL must be an advisor “in good standing” with GI at the time the annual
checks are issued. “In good standing” means the advisor is proactively placing assets with GI.
This relationship will be disclosed to the Client in each contract between SUMMIT
FINANCIAL and Third Party Money Manager. SUMMIT FINANCIAL does not charge
additional management fees for Third Party managed account services. Client's signature is
required to confirm consent for services within Third Party Investment Agreement. Client
will initial SUMMIT FINANCIAL Investment Advisory Agreement to acknowledge receipt of
Third Party fee Schedule and required documents including Form ADV Part 2 disclosures.
ASSETS HELD AWAY
Fees for these services will be $25 per month (billed quarterly).
Fees will be billed quarterly in advance. These fees may be negotiable. Client will be provided
an invoice at the commencement of services payable within ten (10) days of receipt. Clients
may choose to pay Summit Financial directly or have the amount deducted from another
account managed by Summit Financial. Clients may terminate their account within seven (7)
business days for a full refund and no obligation and without penalty. For termination after
seven (7) business days, client will be entitled to a pro-rata refund based on the number of
days account was not managed during the last month.
Clients will select a payment method on the Assets Held Away Agreement. They may choose
to pay via the following methods:
      ACH or Credit/Debit Card – to be paid by client to Advisor at the beginning of each
       quarter.
       If ACH is selected, the following safeguards are used:
       •   Clients enter their own account and routing number and elect into this payment
           system. The account number is encrypted, and Advisor cannot see it
       •   Clients are able to match payments to their bank statements in order to verify
           proper payment
       •   Advisor will not require client to use this system
      Check – to be remitted by client to Advisor on the first of each month
Deducted at the beginning of each quarter, from a non-qualified Account managed by
Summit Financial.
ERISA PLAN SERVICES
The annual fees are based on the market value of the Included Assets and will be based on a
percentage of Assets Under Management as follows:
    Assets Under Management               Total Annual Fee               Monthly Fee
          Up to $500,000                        .50%                      0.0417%
        $500,001 and over                       .25%                      0.0208%
These fees are negotiable. Fees may be charged quarterly or monthly in arrears or in advance
based on the assets as calculated by the custodian or record keeper of the Included Assets
(without adjustments for anticipated withdrawals by Plan participants or other anticipated

or scheduled transfers or distribution of assets) on the last business day of the previous
quarter or month. If the services to be provided start any time other than the first day of a
quarter or month, the fee will be prorated based on the number of days remaining in the
quarter or month. If this Agreement is terminated prior to the end of the fee period, Summit
Financial shall be entitled to a prorated fee based on the number of days during the fee period
services were provided or client will be due a prorated refund of fees for days services were
not provided in the billing cycle.
The fee schedule, which includes compensation of Summit Financial for the services is
described in detail in Schedule A of the ERISA Plan Agreement. The Plan is obligated to pay
the fees, however the Plan Sponsor may elect to pay the fees. Client may elect to be billed
directly or have fees deducted from Plan Assets. Summit Financial does not reasonably
...

Item 7: Types of Clients
 Description
 Summit Financial has a large portfolio of services that are offered to a variety of clients.
 Summit Financial provides consulting and advice to individuals, retirement plans, trusts,
 estates, and business entities.
 Summit Financial has a large variety of individual clients, but they are typically one of the
 following:
    •   Upper Middle Class Retiree(s)
    •   High Net Worth Individual(s)

    •   Trusts
    •   Corporations and businesses
 Account Minimums
 The average Summit Financial client has a liquid net worth in excess of $500,000. However,
 at our discretion, Summit Financial will take on clients with less liquid net worth on a case
 by case basis. Summit Financial typically provides comprehensive financial planning,
 including a written financial plan, regardless of the clients net worth.