Summit Place Financial Advisors LLC

Item 5           Fees and Compensation

   A.
                                  INVESTMENT ADVISORY SERVICES
         The Registrant provides discretionary investment advisory services on a negotiable
         fee-only basis. The Registrant’s annual investment advisory fee shall generally be based
         upon a percentage (%) of the market value and type of assets placed under the
         Registrant’s management (between 0.50% and 1.00%) as follows:

                         Market Value of Portfolio           % of Assets
                         First$10 million                      1.00%
                         Next $10 million                      0.75%
                         Over $20 million                      0.50%

   Registrant's annual investment advisory fee shall include both discretionary investment
   advisory services and financial planning and consulting services. In the event that the
   client requires extraordinary planning and/or consultation services (to be determined in
   the sole discretion of the Registrant), the Registrant may determine to charge for such
   additional services, the dollar amount of which shall be set forth in a separate written
   notice to the client.

   The Registrant’s investment advisory fee is negotiable at Registrant’s discretion. As a
   result of these factors, similarly situated clients could pay different fees, the services to be
   provided by the Registrant to any particular client could be available from other advisers
   at lower fees, and certain clients may have fees different than those specifically set forth
   above.

B. Clients may elect to have the Registrant’s advisory fees deducted from their custodial
   account. Both Registrant's Investment Advisory Agreement and the custodial/clearing
   agreement may authorize the custodian to debit the account for the amount of the
   Registrant's investment advisory fee and to directly remit that management fee to the
   Registrant in compliance with regulatory procedures. In the limited event that the
   Registrant bills the client directly, payment is due upon receipt of the Registrant’s
   invoice.

C. As discussed below, unless the client directs otherwise or an individual client’s
   circumstances require, the Registrant shall generally recommend that Charles Schwab
   and Co., Inc. (“Schwab”) serve as the broker-dealer/custodian for client investment
   management assets.

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

   Tradeaway/Prime Broker Fees. Relative to its discretionary investment management
   services, when beneficial to the client, individual equity and/or fixed income transactions
   may be effected through broker-dealers other than the account custodian, in which event,
   the client generally will incur both the fee (commission, mark-up/mark-down) charged by
   the executing broker-dealer and a separate “tradeaway” and/or prime broker fee charged
   by the account custodian (Schwab).

   D. Registrant's annual investment advisory fee shall be prorated and paid quarterly, in
      advance, based upon the market value of the assets on the last business day of the
      previous quarter.

         The Registrant generally requires an aggregate annual minimum fee of $50,000 for
         investment advisory services. The Registrant, in its sole discretion, may charge a lesser
         investment management fee and/or waive or reduce its annual minimum fee 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,
         negotiations with client, etc.).

         The Investment Advisory Agreement between the Registrant and the client will continue
         in effect until terminated by either party by written notice in accordance with the terms of
         the Investment Advisory Agreement. Upon termination, the Registrant shall refund the
         pro-rated portion of the advanced advisory fee paid based upon the number of days
         remaining in the billing quarter.

   E. Neither the Registrant, nor its representatives accept compensation from the sale of
      securities or other investment products.

Item 7           Types of Clients

         The Registrant’s clients shall generally include individuals and high net worth
         individuals.