Sutterfield Financial Group Inc

Item 5.          Fees and Compensation

         SFG offers its services on a fee basis, which include hourly and/or fixed fees, as well as fees based upon
         assets under management, depending on the circumstances. Additionally, certain of SFG’s Supervised
         Persons, in their individual capacities, offer securities brokerage services and insurance products under a
         separate commission arrangement.

         Financial Planning and Consulting Fees

         SFG charges either a negotiable hourly and/or fixed fee to provide clients with stand-alone financial
         planning or consulting services. These fees are determined by the scope and complexity of the agreed
         upon services. The average range for typical services is from $75- $350 on an hourly basis and $500 to
         $100,000 on an annual fixed fee basis (except for captive insurance consulting and formation services,
         where fees can exceed this range). This range serves as an average because each client's needs and
         situations vary and SFG will determine the appropriate fee on a client-by-client basis.

         The specific terms and fee structure are negotiated in advance and set forth in the Agreement with SFG.
         Generally, SFG requires one-half of the financial planning or consulting fee payable upon execution of the
         Agreement and the balance due at the time the financial plan is delivered or the underlying services are
         rendered to completion, not to exceed six months. If the client engages SFG for additional investment
         advisory services, SFG may offset all or a portion of its fees for those services based upon the amount paid
         for the financial planning and/or consulting services.

         In addition to providing stand-alone financial planning and consulting services, SFG provides clients with
         such services on and ongoing basis. In these cases, SFG generally provides the ongoing services for an
         annual fixed fee, which is prorated and charged quarterly in arrears.

         Investment Management Fees

         SFG provides investment management services for an annual fee based on the amount of assets under
         the Firm’s management. The fee varies between 40 and 240 basis points (0.40% – 2.40%), depending
         upon the size of a client’s portfolio and the type of services rendered.

         The annual fee is prorated and charged quarterly, in arrears, based upon the market value of the assets
         being managed by SFG on the last day of the previous billing period.

         If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
         payable with respect to such assets is not adjusted or prorated. For the initial period of an engagement,
         the fee is calculated on a pro rata basis. In the event the Agreement is terminated, the fee for the final
         billing period is prorated through the effective date of the termination and the outstanding balance is
         charged to the client, as appropriate.

         Error! Reference source not found. Disclosure Brochure

         To the extent that the fees exceed 2% of total assets under management, we are required to disclose that
         our fees are higher than that charged in the industry and that other advisors can provide the same or similar
         services at lower rates.

         Selection of Other Advisers

         Advisory fees charged by our affiliate Seraph are separate and apart from our advisory fees. Assets
         managed by Seraph will be included in calculating our advisory fee, which is based on the fee schedule set
         forth in the Investment Management Fee section in this brochure. Advisory fees that you pay to Seraph are
         established and payable in accordance with their brochure. These fees may not be negotiable. You should
         review Seraph’s brochure and take into consideration their fees along with our fees to determine the total
         amount of fees associated with this program.

         Our recommendations to use a third-party money manager is included in our portfolio management fee.
         We do not charge you a separate fee for the selection of other advisers nor will we share in the advisory
         fee you pay directly to Seraph. Advisory fees that you pay to Seraph are established and payable in
         accordance with their Form ADV Part 2. These fees may or may not be negotiable. You should review their
         brochure for information on their fees and services.

         You will be required to sign an agreement directly with our affiliate Seraph. You may terminate your advisory
         relationship according to the terms of your agreement with Seraph. You should review their brochure for
         specific information on how you may terminate your advisory relationship with them and how you may
         receive a refund, if applicable. You should contact the Seraph directly for questions regarding your advisory
         agreement with them. Please refer to Item 10 of this brochure for additional information regarding our
         affiliation with Seraph.

         Fee Discretion

         SFG, in its sole discretion, may negotiate to charge a lesser fee based upon certain criteria, such as
         anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
         managed, related accounts, account composition, pre-existing client relationship, account retention and pro
         bono activities.

         Additional Fees and Expenses

         In addition to the advisory fees paid to SFG, clients also incur certain charges imposed by other third parties,
         such as broker-dealers, custodians, trust companies, banks and other financial institutions (collectively
         “Financial Institutions”). These additional charges include securities brokerage commissions, transaction
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Item 7.          Types of Clients
         SFG provides its services to individuals, pension and profit-sharing plans, charitable organizations,
         corporations and other business entities.

         No Minimum Fee or Account Requirements

         SFG does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an
         investment management relationship.