The Nalls Sherbakoff Group LLC

Item 5 Fees and Compensation
Portfolio Management Services
Our fee for portfolio management services is based on a percentage of your assets we manage and is
set forth in the following blended tiered fee schedule*:

Assets Under Management               Annual Fee**
First $500,000                        1.00%
Next $500,000                         0.75%
Next $2,000,000                       0.50%
Over $3,000,000                       Negotiable

*Some legacy clients of our firm may be subject to a different fee schedule than what is noted above
depending upon the prevailing fee schedule that was in effect when they became an advisory client.
**For instance, the applicable advisory fee for a client with assets under management of $1,500,000
would be as follows: the first $500,000 is billed at 1.00%; the next $500,000 would be billed at 0.75%;
and, the remaining $500,000 would be billed at 0.50%.

Our annual portfolio management fee is billed and payable quarterly in arrears based on the value of
your account on the last day of the quarter. If the portfolio management agreement is executed at any
time other than the first day of a calendar quarter, our fees will apply on a pro rata basis, which means
that the advisory fee is payable in proportion to the number of days in the quarter for which you are a
client. Our advisory fee is negotiable, depending on individual client circumstances.

At our discretion, we may combine the account values of family members living in the same household
to determine the applicable advisory fee. For example, we may combine account values for you and
your minor children, joint accounts with your spouse, and other types of related accounts. Combining
account values may increase the asset total, which may result in your paying a reduced advisory fee
based on the available breakpoints in our fee schedule stated above. However, because the annual
portfolio management fee we charge is based on a client’s assets, a client should be aware that the
more assets that are in a client’s retail account, the more the client will pay in advisory fees. This
presents a conflict of interest in that we are incentivized to encourage clients to increase the assets in
their account. We address this conflict of interest by reviewing any such recommendation to ensure it is
in the best interest of the client.

We will deduct our fee directly from your account through the qualified custodian holding your funds
and securities. We will deduct our advisory fee only when you have given our firm written authorization
permitting the fees to be paid directly from your account. Further, the qualified custodian will deliver an
account statement to you at least quarterly. These account statements will show all disbursements from
your account. You should review all statements for accuracy.

You may terminate the portfolio management agreement upon written notice to our firm. You will incur a
pro rata charge for services rendered prior to the termination of the portfolio management agreement,
which means you will incur advisory fees only in proportion to the number of days in the quarter for
which you are a client.

Financial Planning Services
We charge an hourly fee of up to $300 for financial planning services, which is negotiable depending on
the scope and complexity of the plan, your situation, and your financial objectives. An estimate of the
total time/cost will be determined at the start of the advisory relationship. In limited circumstances, the
cost/time could potentially exceed the initial estimate. In such cases, we will notify you and request that
you approve the additional fee. Fees are due upon completion of services rendered. We do not require
prepayment of a fee more than six months in advance and in excess of $1200.

You may terminate the financial planning agreement by providing written notice to our firm. You will
incur a pro rata charge for services rendered prior to the termination of the agreement.

Pension Consulting Services
Our advisory fees and payment arrangements for these customized services will be negotiated with the
plan sponsor or named fiduciary on a case-by-case basis. Our fee generally ranges from .60% to
1.00% of plan assets under advisement and we typically bill quarterly in arrears for pension consulting
services.

Either party to the pension consulting agreement may terminate the agreement upon 60 day's written
notice to the other party. The pension consulting fees will be prorated for the quarter in which the
termination notice is given and any unearned fees will be refunded to the client.

Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You will also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not share
in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or custodian. To
fully understand the total cost you will incur, you should review all the fees charged by mutual funds,
exchange traded funds, our firm, and others. For information on our brokerage practices, please refer to
the Brokerage Practices section of this brochure.

Item 7 Types of Clients
We offer investment advisory services to individuals, pension and profit sharing plans, trusts, estates,
charitable organizations, corporations, and other business entities.

In general, we do not require a minimum dollar amount to open and maintain an advisory account;
however, we have the right to terminate your Account if it falls below a minimum size which, in our sole
opinion, is too small to effectively manage.