Teplitz Financial Group LLC

Item 5 - Fees and Compensation

INVESTMENT ADVISORY SERVICES
The client can determine whether to engage TFG to provide discretionary or non-discretionary investment
advisory services on a fee-only basis. TFG’s annual investment advisory fee is based upon a percentage (%) of
the market value of the assets placed under TFG's management as follows:

               Market Value of Portfolio           % of Assets
                $0 - $1,000,000                      1.0%
                $1,000,001 - $2,500,000              0.75%
                $2,500,001 - $5,000,000              0.56%
                $5,000,001 - $10,000,000             0.42%
                $10,000,001+                         0.31%

                                              TEPLITZ FINANCIAL GROUP LLC

                              TEPLITZ FINANCIAL GROUP LLC
                                    Form ADV, Part 2A

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

TFG shall deduct fees and/or bill clients quarterly in arrears or in advance depending on the custodians and/or
advisory services selected, based upon the market value of the assets on the last business day of the quarter.
It should be noted that the total fees charged to clients by both the firm and a third-party money manager
will not exceed 3% of the assets under management per year. In calculating the market value of a client’s
assets, assets allocated to cash or a cash proxy, such as a money market account, will be included in the
calculation of assets under management.

FINANCIAL PLANNING AND CONSULTING
To the extent specifically requested by a client, TFG may determine to provide financial planning and
consulting on a stand-alone separate fee basis. TFG’s financial planning fees are negotiable but generally
range from a fixed fee of $1,500 to $3,000 and from $150 to $250 on an hourly rate basis, depending upon
the level and scope of the service(s) required and the professional(s) rendering the service(s).

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

For SEI and Schwab accounts, fees are collected quarterly in arrears and for AssetMark fees are paid quarterly
in advance. To the extent applicable, custodians sometimes charge transaction fees for affecting certain
mutual fund securities to include account maintenance and termination fees.

SEI Private Trust Company and Schwab Advisor Services
Fees are billed quarterly based on the fair market value of the assets in the account on the last day of the
most recently completed quarter. SEI and Schwab platform fees, which are a portion of the Advisory Fees
retained by SEI and Schwab for asset management, may not be directly billed to the Client and are deducted
from the assets of the Account. The fees retained by TFG may be deducted from the assets of the Account or
billed directly to the Client by TFG.

Mutual Fund and ETF Fees
The Fee does not include special requests by clients or the internal management, operating or distribution
fees or expenses imposed or incurred by Mutual Funds or ETFs. Clients should read each fund or ETF’s
prospectus for a more complete explanation of these fees and expenses, which include fees for management,
administration, shareholder servicing, distribution, transfer agent, custodial, legal, audit and other services.

                                             TEPLITZ FINANCIAL GROUP LLC

                              TEPLITZ FINANCIAL GROUP LLC
                                    Form ADV, Part 2A

Clients may invest directly in mutual funds or ETF’s without paying the advisory fee. Thus, it may be cheaper
for clients to invest in Mutual Funds and ETF’s. However, clients will not receive the services provided by TFG
if they choose to do so. TFG does not represent that the fee a client pays is the same as or lower than that
charged to other clients who invest in TFG or is the same as or lower than that charged by other sponsors of
comparable programs for accounts of comparable size or investment objectives.

When selecting mutual funds that have multiple share classes for recommendation to clients, TFG will take
into account the internal fees and expenses associated with each share class, and it is TFG policy to choose
the lowest-cost share class, absent circumstances that dictate otherwise. For complete discussion of
expenses related to each mutual fund, you should read a copy of the prospectus issued by that fund.

Expense Ratios
Mutual funds generally charge a management fee for their services as investment managers. The management
fee is called an expense ratio. For example, an expense ratio of 0.50 means that the mutual fund company
charges 0.5% for their services. These fees are in addition to the fees paid by you to TFG. Performance figures
quoted by mutual fund companies in various publications are after their fees have been deducted.

Fee Arrangements
As discussed below, unless the client directs otherwise or an individual client’s circumstances require, TFG
shall generally recommend and not require that SEI and Schwab will serve as custodians and AssetMark as an
independent sub-advisor for client investment management assets. Other sub-advisors may be chosen
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Item 7 - Types of Clients

TFG’s clients shall generally include individuals, pension, and profit-sharing plans, trusts, estates, charitable
organizations, corporations, and business entities. TFG does not require an annual minimum account size for
investment advisory services. Client engagements are always at TFG’s discretion.