Summit Investment Advisory Services LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Services Fees

SIAS bills on a flat fee schedule for all accounts. The base fee (maximum) is 1.50%.

                    Account Total                         Annual Fee

                     All Assets                             1.50%

The fee is negotiable based on a number of different factors to include, but not limited to:

    •   total account value(s)
    •   complexity of planning and services
    •   investment allocation of the account
    •   customer loyalty (longtime client)
    •   personal relationship (family member or friend)

The fee is set for each individual account. If a client has more than one advisory account,
the fee may not be the same for each account. For each account, the fee schedule is
contained in Exhibit II of the Investment Advisory Contract.

Clients may terminate the agreement without penalty, for full refund of SIAS’s fees,
within five business days of signing the Investment Advisory Contract. Thereafter, clients
may terminate the Investment Advisory Contract with five days’ written notice.

SIAS uses the total account value at the end of each billing cycle to calculate the advisory
fee that is charged and bills quarterly in advance. Withdrawals and deposits are accounted
for by adjusting the account value on a pro rata basis. All securities held in accounts
managed by SIAS will be independently valued by the custodian. The Advisor will
conduct periodic reviews of the custodian’s valuation to ensure accurate billing.

Financial Planning Fees

Clients may terminate the agreement without penalty, for full refund of SIAS’s fees,
within five business days of signing the Financial Planning Agreement. Thereafter, clients
may terminate the Financial Planning Agreement upon written notice.

Fixed Fees

The rate for creating client financial plans is between $250 and $2500. The fees are
negotiable and the final fee schedule will be attached as Exhibit II of the Financial
Planning Agreement.

Hourly Fees

The hourly fee for these services is between $125 and $250. The fees are negotiable and the
final fee schedule will be attached as Exhibit II of the Financial Planning Agreement.

B. Payment of Fees

Payment of Portfolio Management Fees

Portfolio management fees are withdrawn directly from the client’s accounts with client’s
written authorization. Fees are paid quarterly in advance.

Payment of Financial Planning Fees

Both Fixed and Hourly Financial Planning fees are paid via check in arrears.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by SIAS. Please see Item 12 of this Disclosure
Brochure regarding broker/custodian.

D. Prepayment of Fees

SIAS collects fees in advance and in arrears. Refunds for fees paid in advance will be
returned within fourteen days to the client via check, or return deposit back into the
client’s account.

For all asset based fees paid in advance, the fee refunded will be equal to the balance of
the fees collected in advance minus the daily rate* times the number of days elapsed in
the billing period up to and including the day of termination. (*The daily rate is calculated
by dividing the annual asset-based fee by 360.)

E. Outside Compensation For the Sale of Securities to Clients

Sean McDermott, Joel Budd, Brian Carlson, Scott Caskey, and Russell Rogers, in their roles
as registered representatives with LPL Financial LLC and as licensed insurance agents,
accept compensation for the sale of securities to SIAS clients. The team uses a hybrid
model with LPL Financial as our broker dealer and sells commission based funds,
annuities, and REIT's.

1. This is a Conflict of Interest

The supervised persons will accept compensation for the sale of securities or other
investment products, including asset based sales charges or service fees from the sale of
mutual funds to its clients. This presents a conflict of interest and gives the supervised
person an incentive to recommend products based on the compensation received rather
than on the client’s needs. When recommending the sale of securities or investment
products for which the supervised persons receive compensation, they will document the
conflict of interest in the client file and inform the client of the conflict of interest.

2. Clients Have the Option to Purchase Recommended Products From Other
   Brokers

   Clients always have the option to purchase SIAS recommended products through
   other brokers or agents that are not affiliated with SIAS.

3. Commissions are not the Primary Source of Income for SIAS

   Commissions are not SIAS’s primary source of compensation.

4. Advisory Fees in Addition to Commissions or Markups

   Advisory fees that are charged to clients are not reduced to offset the commissions or
   markups on securities or investment products recommended to clients.

Item 7: Types of Clients

SIAS generally provides advisory services to Individuals and High-Net-Worth Individuals.

There is no account minimum.