Summit Planning Group Inc

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management              Annual Fees
        $1 - $999,999                              1.50%

        $1,000,000 - $1,999,999                    1.25%

        $2,000,000 - and up                        1.00%

The advisory fee is calculated using the value of the assets in the Account on the last
business day of the prior billing period.

Fees are negotiable. The final fee schedule will be memorialized in the client’s advisory
agreement. Clients may terminate the agreement without penalty for a full refund of SPG's
fees within five business days of signing the Investment Advisory Contract. Thereafter,
clients may terminate the Investment Advisory Contract generally with 30 days' written
notice.

Financial Planning Fees

Financial planning is offered as a part of portfolio management services and does not have
a separate charge for these services.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees will be invoiced and billed directly to the client,
debited from the account, on a quarterly basis. Fees are paid in advance.

Payment of Financial Planning Fees

There are no fees for financial planning. Financial planning is offered with portfolio
management services.

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 SPG. Please see Item 12 of this brochure
regarding broker-dealer/custodian.

D. Prepayment of Fees

SPG collects fees in advance. Refunds for fees paid in advance but not yet earned will be
refunded on a prorated basis and returned within fourteen days to the client via check.

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 rate by 365.)

E. Outside Compensation for the Sale of Insurance Products to
Clients

Neither SPG nor its supervised persons accept any compensation for the sale of
investment products, including asset-based sales charges or service fees from the sale of
mutual funds.

Richard John Urciuoli in his outside business activities (see Item 10 below) is licensed to
accept compensation for the sale of insurance products to SPG 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 insurance products for which the supervised
persons receive compensation, SPG will document the conflict of interest in the client file
and inform the client of the conflict of interest. Clients always have the right to decide
whether to purchase SPG-recommended products and, if purchasing, have the right to
purchase those products through other brokers or agents that are not affiliated with SPG.

Commissions are not SPG’s primary source of compensation for advisory services.
Advisory fees that are charged to clients are not reduced to offset the commissions on
insurance products recommended to clients.

Item 7: Types of Clients

SPG generally provides advisory services to the following types of clients:

       ❖       Individuals
       ❖       High-Net-Worth Individuals

Our firm accepts clients with a minimum of $250,000 in investable assets. Assets of family members are
aggregated for purposes of meeting this minimum. On occasion, SPG will make family-related
exceptions to this account minimum.