Summit Financial Partners Inc

Item 5 - Fees and Compensation

General Fee Information
   We base our fees on a percentage of assets under management and, on rare
   occasions, hourly or project charges.
    Fees for all services are negotiable at our discretion and, in our sole
    discretion, we may waive our minimum fee and/or charge a lesser investment
    advisory fee based upon certain criteria (e.g., historical relationship, type of
    assets, anticipated future earning capacity, anticipated future additional
    assets, dollar amounts of assets to be managed, related accounts, account
    composition, negotiations with clients, etc.).
    Investment management fees are billed quarterly, in arrears, meaning that we
    invoice you after the three-month billing period has ended. Payment in full is
    expected upon invoice presentation. Fees are usually deducted from a
    designated client account to facilitate billing. You must consent in advance to
    direct debiting of your investment account. If services begin or are terminated
    on any day other than the first day of a quarter, a prorated fee will be
    assessed.

Portfolio Management Fees
     The scope of work and fee for an Advisory Service Agreement is provided to
     you in writing prior to the start of our relationship. An Advisory Service
     Agreement includes: insurance review; investment management (including
     performance reporting); education planning; retirement planning; estate
     planning, tax planning as well as the implementation of investment
     recommendations.
    The annual Advisory Service Agreement fee is based on a percentage of the
    investable assets according to the following schedule:
                     1.00% on the first $1,000,000;
                     0.70% on the next $1,000,000;
                     0.50% on the next $2,000,000; and
                     0.10% on the assets above $4,000,000.
    Fees are calculated based on the value of the portfolio on the last day of the
    quarter. Our minimum portfolio size is $1,000,000 with a minimum annual fee
    of $10,000, negotiable at our discretion. Current client relationships may exist
    where the fees are higher or lower than the fee schedule above.

                         Summit Financial Partners, Inc.

Accumulators Program Fees
    Our Accumulators Program fee has two components charged by Summit – a
    financial planning fee and an investment management fee. It is important that
    you understand this fee structure in determining whether you think it is
    reasonable for you given your service needs, assets levels and other
    considerations. We are happy to discuss this in depth with you to help you
    make the determination. Factors that impact this decision may include,
    among other things, your present amount of investable assets, your
    investment knowledge and experience, future savings capabilities and
    general ability to manage money.
    We assess a non-negotiable, fixed financial planning fee at the annual rate of
    $1,200. We spread this payment out over the year, though, and charge $300
    per quarter in arrears. If a relationship begins after the start of a quarter a
    prorated fee is charged.
    The investment management fee is assessed separately. The annual
    investment management fee is 1%. The fee is charged quarterly in arrears
    and is calculated based on the value of the portfolio on the last day of the
    quarter. The fee is prorated if the relationship begins or ends any day other
    than the first day of the quarter.
    Once the assets under management exceed $425,000, the separate financial
    planning fee will no longer be charged.
    Fee Examples:
       (a) For a portfolio valued at $250,000
              Annual planning fee                    $1,200
              Annual AUM fee total                   $2,500
              Total Annual Fee                       $3,700
       (b) For a portfolio valued at $350,000
              Annual planning fee                    $1,200
              Annual AUM fee total                   $3,500
              Total Annual Fee                       $4,700

Retirement Plan Advisory Fees
     Our annual fee for 401(k) Plans is as follows:
    The annual Advisory Service Agreement fee is based on a percentage of the
    investable assets according to the following schedule:
                     1.00% on the first $1,000,000;
                     0.70% on the next $1,000,000; and
                     0.50% on the assets above $2,000,000.
    Fees are calculated based on the value of the portfolio on the last day of the
    quarter. The minimum annual fee is $5,000 and is negotiable at our
    discretion. Current client relationships may exist where the fees are higher or
    lower than the fee schedule above.

                          Summit Financial Partners, Inc.

Financial Planning Fees
    The fee for a financial plan is predicated upon the facts known at the start of
    the engagement. The fee range is $4,000 to $7,000 and is not 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 your situation is substantially different than disclosed at the
    initial meeting, a revised fee will be provided for mutual agreement. You 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 for up to one month. Follow-on work is billed
    separately at the rate of $400 per hour.
    Once the project is complete, any future engagements will be considered a
    new project billed at the same $4,000-$7,000 range as the initial project.

Other Fees
    All custodians can charge transaction fees on purchases or sales of certain
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Item 7 - Types of Clients

Description
    We generally provide investment advice to individuals, 401(k) Plans, pension
    and profit-sharing plans, trusts, estates, or charitable organizations,
    corporations and business entities.

Account Minimums
    For accounts in the Accumulator Program, we do not impose a specific
    minimum portfolio value.

    For clients not in the Accumulator Program, the minimum account size is
    $1,000,000 of assets under management, which equates to an annual fee of
    $10,000. When an account falls below $1,000,000 in value, the minimum
    annual fee of $10,000 may be charged. Therefore, clients with assets below
    the minimum account size may pay a higher percentage rate on their annual
    fees than the fees paid by clients with greater assets under management.

    We have the discretion to waive the account minimum. Accounts of less than
    $1,000,000 may be set up when the client and the advisor anticipate the client
    will add additional funds to the accounts bringing the total to $1,000,000
    within a reasonable time. Other exceptions may apply to employees of
    Summit and their relatives, or relatives of existing clients.