Sycamore Financial Group Inc

Item 5: Fees and Compensation. . — How our firm is compensated

         5. A. A description of the range of fees. Sycamore Financial Groups Investment Advisory fees are
         negotiable. Sycamore Financial Group receives compensation for continuous advice to advisory accounts
         as a percentage of assets under management. The schedules are:

         Equities/Stocks:
         1. 5% of the first $500,000;
         1. 0% on the next          $1,000,000;
         0. 8% on the next $8,500,000 and
         0. 6% on amounts that exceed $10,000,000.

         Fixed/Bonds –
         0. 75% of the first $500,000;
         0. 5% on the next $1,000,000:
         0. 4% on the next $8,500,000 and
         0. 3% on amounts over $10,000,000

         Mutual Funds –
         1% of the first $500,000;
         0. 75% on the next $1,000,000:
         0. 5% on the next $8,500,000 and
         0. 3% on the amounts that exceed $10,000,000.

         Investment advisory fees are payable in arrears quarterly as of
              March 31,
              June 30,
              September 30, and
              December 31.

         Sycamore Financial Group charges a fee on all stock or bond trades to cover execution fees assessed by
         the executing broker. That fee is currently $32. 50 when transacted through Hilltop. For transactions
         through Folio, the fee will be no more than $4 with some trades being free of charge. In cases where no
         execution fee is charged by the executing broker, we will not charge a fee to the client. The fees stated
         above apply also to our proprietary portfolio models.

         5. A. Financial Planning Fees: Plans may be comprehensive or segmented. At this time Sycamore
         Financial Group does not charge for financial plans prepared for qualified clients.

         5. B. . Disclosure: Does our firm bill its clients for the incurred advisory fees by:
                Sending an invoice to the client, OR Obtaining each client’s signed permission to deduct the
                    advisory fees from the client’s account held by the custodian, OR
                May clients select either method of billing? Yes, they may.
         How often does the adviser assess fees (or bill clients)? Quarterly, for portfolio management services.
         For its portfolio management services, Sycamore Financial Group does practice “direct billing” that
         requires us to obtain a client’s written permission to deduct our fees directly from the client’s account
         held by the custodian. [See the ADV Part 1B, Item 2. I] All or most clients opt to pay in this manner. We
         will send an invoice to a client for payment of our advisory fees if a client prefers.

5. C. Disclosure: Other types of fees or expenses clients may pay in connection with the advisory
services. Clients should be aware that opening an investment account carries with it costs beyond the
advisory fee(s) Sycamore Financial Group charges. When placing a transaction order to buy or sell
securities, advisory clients may have to pay any or all of the following charges in addition to the advisory
fees charged by this firm.
       Brokerage commissions                    administrative fees for investments in mutual fund
       custodian fees                               fees,
       postage charges                          and 12b-1 fees in addition to administrative fees,
       processing charges                           and other marketing fees for mutual funds, paid to
       Ticket charges                               a broker dealer;
       Early surrender                             account maintenance fees charged by a broker
       Transfer fees                                dealer for an account, especially if inactive.

Because Sycamore Financial Group is also a broker dealer, it may earn part of the commissions and the
12(b)- fees noted above. When we invest a client in a mutual fund, the client could pay Sycamore
Financial Group an advisory fee, a brokerage commission, and then also a portion of the 12(b)-1
distribution fee that investors in mutual funds pay to the mutual fund managers. We direct clients to
this brochure’s Item 12 for further discussion of brokerage costs.

5. D. . Disclosure: Do clients pay fees in advance? No. Sycamore Financial Group charges portfolio
management fees in arrears; consequently, any partial period we will charge for on a pro-rated basis.
Sycamore Financial Group clients may rescind the agreement for Investment Advisory and Management
Services within the first five (5) days of signing the agreement without loss of any pre-paid fee.

5. E. Disclosure: Does the firm or any of its supervised persons 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? Yes. See Item 5. C, above.

Disclosure 5. E. 1. Whenever an investment advisory firm’s representatives may earn a commission, or
mutual fund management 12b-1 fees, or other forms of sales charges in their capacity as the registered
representatives of a broker-dealer, that arrangement creates an incentive to recommend those sales
and, as a consequence, an inherent possibility for a conflict of interest. An advisor is a fiduciary who is
required to make only those recommendations for a client that solely are in the client’s own best
interest, uninfluenced by any calculation of personal gain. Our firm addresses this potential conflict of
interest by disclosing it to our clients here.
We do normally reduce our advisory fees to offset the commissions or markups.

Disclosure 5. E. 2. [Explain] Clients always have the option to purchase through unaffiliated broker-
dealers and their agents those investment products our firm recommends.

Disclosure 5. E. 3 Does our advisory firm receive more than half its revenue from commissions and other
...

Item 7: Types of Clients.

          Typically, our clients include high net worth and other individuals, corporations and other businesses,
          pension and profit-sharing plans, charitable organizations, estates, and trusts. Sycamore Financial Group
          does not have a minimum account size.