The Sherry Group Inc

Item 5 FEES AND COMPENSATION

Fee Schedule for "Assets Under Management" including Model Portfolios

Assets                Percent Yearly         Percent Quarterly
First $500,000              1.00%                       0.25%
Next $500,000               0.75%                     0.1875%
Next $1,000,000             0.50%                      0.125%
Over $2,000,000             0.25%                     0.0625%

These charges are based on the fair market value of discretionary or non-discretionary "assets under
management" at the end of each calendar quarter charged in arrears. If a fair market value is not
readily available, TSGI will value assets in a manner determined in good faith by Advisor to reflect fair
market value. The advisory fee covers portfolio management and monitoring, including all necessary
research, but may not include custodial or platform fees, account maintenance fees, trade execution
fees, internal fund expense and/or third-party management fees, which will be disclosed separately in
account opening documents. If shares of investment company products are purchased for Client,
additional fees may be assessed to Client but will not be paid to TSGI or any of TSGI's affiliates. All
such fees are disclosed in appropriate product prospectuses, which Client should read carefully. TSGI
will not be compensated on the basis of a share of capital gains upon or capital appreciation of the
funds or any portion of the funds of Clients.

The above fee schedule will apply to all TSGI's clients who select asset management services;
however, fees are negotiable depending on extenuating circumstances, at the sole discretion of TSGI.
Fees are generally debited from client accounts, upon specific authorization from the client. TSGI will
provide written notice to the custodian as to the amount of fee to be debited. Custodians send clients
statements at least quarterly, which detail the fees debited from the account. Clients are responsible
for verifying the accuracy of fees debited and should carefully review custodial statements. Fees will be
deducted from the clients' accounts approximately 15 days after the date of the invoice. Clients can
choose to pay the fees by check if they so desire.

In addition to the TSGI fees described above, clients participating in asset management services
utilizing model portfolio platforms at Folio Investments, Inc., will be subject to TSGI's fee schedule as
listed above and to the following Folio Platform Fee (minimum fee $150.00). The model platform fees
and Asset Management fees for model portfolios are based on the average daily balance of the
account and billed monthly in arrears and include trade execution costs:

Assets                  Percent Yearly
$0 - $250,000                   .20%
$250,001 - $750,000             .15%
$750,001 - $1,000,000 +         .10%

Hourly charges are based on a rate of $175-$250 per hour for services rendered by the registered
advisor. Charges for administrative services are charged at a rate of $50 per hour. Clients will receive
an invoice showing hours worked and broken out by each hourly rate. Fees will be payable within 30
days after the date of the invoice.

Fixed rate charges will be based on specific projects. These projects will specify the type of project, the
tasks performed, and the specified outcome, or deliverable to the client. Charges will be agreed upon
in advance by both parties.

In addition to such hourly/fixed fees, Client is also responsible for paying all out-of-pocket costs
incurred by Advisor in providing the hourly/fixed fee services as my be agreed to in advance.

Fees for Retirement Plan Consulting Services
TSGI charges an advisory fee not to exceed .50% annually, of the assets under management for
retirement plan clients who engage TSGI for 401k plans advised by TSGI. The specific fee to which a
401k retirement plan client is subject will be identified in the advisory agreement signed by the client.
This advisory fee is charged quarterly, in arrears, based on the value of the plan as of the last business
day of the quarter. The advisory fee, which is negotiable at TSGI's sole discretion, is separate and
apart from charges imposed by unaffiliated third parties. Such charges may include, but are not limited
to, plan administration fees, custodial fees, brokerage commissions, transaction fees, charges imposed
directly by a mutual, index or exchange-traded fund, certain deferred sales charges, odd-lot
differentials, transfer taxes, and wire transfer and electronic fund fees. We do not receive any portion
of the fees charged by unaffiliated third parties.

Third Party Advisory Programs
Fees for third-party advisory programs will be disclosed in the independent third-party advisor's
disclosure brochures or account opening documents. Clients will receive all applicable disclosure
brochures prior to, or at the time a relationship is established. See discussion in Item 4 above for third-
party advisory services. Fees for third-party or model portfolio advisory services may cost a client more
or less than similar services provided by another advisor.

Investment advisory agreements between TSGI and its clients are terminable at any time by either
party upon fifteen (15) days prior written notice to the other party and fees will be pro-rated. For
Agreements terminated within the first five (5) business days following execution, clients may request a
full refund of any fees paid and Agreements will be terminated without penalty. Investment Advisory
Agreements will indicate the types of advisory services to be provided by TSGI to Clients and will
specify the fees to which Client is subject. TSGI does not charge fees on the basis of a capital gain or
loss in a client's account.

TSGI's officers and its representatives who provide investment advice to clients are registered
representatives of Osaic Wealth, Inc. ("Osaic"), an unaffiliated registered broker/dealer, member
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Item 7 TYPES OF CLIENTS
Listing of the types of clients that TSGI provides investment services to:

Individuals                  Joint Accounts                 Trusts

Pension                      Plans Profit Sharing Plans     Corporations

Charitable Organizations     Partnerships                    Estates

In general, TSGI requires that the client have at least $100,000 of assets under management. All
account types are aggregated together to reach this threshold. Exceptions may be made to this
requirement for clients with over $50,000 or for clients who open new accounts and make regular
contributions, granting a grace period of two years. After the two-year grace period, if assets under
management remain below $100,000, a $300 administrative fee may be assessed, at TSGI's sole
discretion at the beginning of the third year and each year following that the assets under management
are under the $100,000 minimum.

Clients participating in asset management services utilizing model portfolio platforms at Folio
Investments, Inc., will be subject to a minimum annual Folio Platform Fee of $150.00.

Item 8 METHOD OF ANYLYSIS, INVESTMENT STRATEGIES, AND RISK OF
LOSS
Type of investments used in TSGI client recommendations include but are not limited to:

Listed Equity Securities: Stocks traded on national and over the counter exchanges. There are
numerous ways of measuring the risk of equity securities (also known simply as "equities" or
"stock"). In very broad terms, the value of a stock depends on the financial health of the company
issuing it. However, stock prices can be affected by many other factors including, but not limited to
the class of stock (for example, preferred or common); the health of the market sector of the
issuing company; and, the overall health of the economy. In general, larger, better established
companies ("large cap") tend to be safer than smaller start-up companies ("small cap") are but the
mere size of an issuer is not, by itself, an indicator of the safety of the investment.

Warrants: Rights to purchase securities listed on national exchanges.

Corporate Debt: Bonds and Debt instruments traded on national and over the counter
exchanges.

Certificate of Deposits: Issued by banks and sold through brokerage accounts. Certificates of
deposit ("CD") are generally a safe type of investment since they are insured by the Federal
Deposit Insurance Company ("FDIC") up to a certain amount. However, because the returns are
generally low, there is risk that inflation outpaces the return of the CD. Certain CDs are traded in
the market place and not purchased directly from a banking institution. In addition to trading risk,
when CDs are purchased at a premium, the premium is not covered by the FDIC.

Municipal Securities: Bonds issued by state and local government agencies sold through
Brokerage accounts. Municipal securities, while generally thought of as safe, can have significant
risks associated with them including, but not limited to: the credit worthiness of the governmental
entity that issues the bond; the stability of the revenue stream that is used to pay the interest to
the bondholders; when the bond is due to mature; and, whether or not the bond can be "called"
prior to maturity. When a bond is called, it may not be possible to replace it with a bond of equal
character paying the same amount of interest or yield to maturity.

Mutual Funds and Exchange Traded Funds: Mutual funds and exchange traded funds ("ETF")
are professionally managed collective investment systems that pool money from many investors
and invest in stocks, bonds, short-term money market instruments, other mutual funds, other
securities, or any combination thereof. The fund will have a manager that trades the fund's
investments in accordance with the fund's investment objective. While mutual funds and ETFs
generally provide diversification, risks can be significantly increased if the fund is concentrated in a
particular sector of the market, primarily invests in small cap or speculative companies, uses
leverage (i.e., borrows money) to a significant degree, or concentrates in a particular type of
security (i.e., equities) rather than balancing the fund with different types of securities. ETFs differ
from mutual funds since they can be bought and sold throughout the day like stock and their price
can fluctuate throughout the day. The returns on mutual funds and ETFs can be reduced by the
costs to manage the funds. Also, while some mutual funds are "no load" and charge no fee to buy
into, or sell out of, the fund, other types of mutual funds do charge such fees which can also
reduce returns. Mutual funds can also be "closed end" or "open end". So-called "open end" mutual
funds continue to allow in new investors indefinitely whereas "closed end" funds have a fixed
number of shares to sell which can limit their availability to new investors.

ETFs may have tracking error risks. For example, the ETF investment adviser may not be able to
cause the ETF's performance to match that of its Underlying Index or other benchmark, which
may negatively affect the ETF's performance. In addition, for leveraged and inverse ETFs that
seek to track the performance of their Underlying Indices or benchmarks on a daily basis,
mathematical compounding may prevent the ETF from correlating with performance of its
benchmark. In addition, an ETF may not have investment exposure to all of the securities included

    in its Underlying Index, or its weighting of investment exposure to such securities may vary from
    that of the Underlying Index. Some ETFs may invest in securities or financial instruments that are
    not included in the Underlying Index, but which are expected to yield similar performance.

    Variable Annuities: A variable annuity is a form of insurance where the seller or issuer (typically
    an insurance company) makes a series of future payments to a buyer (annuitant) in exchange for
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