Towercrest Capital Management LLC

Item 5 – Fees and Compensation

A. Fees for Advisory Services
Investment Management - Towercrest provides clients with ongoing investment management services on a fee-only
basis. The fee is payable quarterly in advance and is based on the account value on the last trading day of the previous
calendar quarter. The first quarterly fee payment is due upon execution of the Investment Advisory Agreement and will
be assessed pro-rata in the event the agreement is executed at any time other than the first business day of a calendar
quarter. The pro-rata calculation will begin on the first day of the calendar month that follows the execution of the
Investment Advisory Agreement (for example, if the Investment Advisory Agreement is executed in January, pro-rata
billing will begin February 1st). Lower fees may be negotiated at Towercrest’s sole discretion. If an account is removed
from Towercrest’s management during the quarter, fees will be prorated to the termination date and any unearned fees
will be refunded to the client. Clients will receive Towercrest’s Form ADV Brochure documents at least 48 hours prior
to signing the Investment Advisory Agreement. If the client does not receive these documents at least 48 hours prior to
signing the agreement, they have five business days to cancel the agreement, without penalty. The annual management
fee schedule is set forth below:

                   Value of Client Account(s)                 Annual Fee

                         First $1,000,000                        1.00%

                         Next $1,000,000                         0.75%

                      Subsequent Amounts                         0.50%

Please note that client household account balances will be aggregated for fee billing purposes. It is important that we
aggregate your total household asset balance, because the higher the value of your account, the lower the Annual Fee
you are charged in accordance with the tiered fee schedule outlined above. When you deposit or withdraw assets from
your account during the quarter, we will re-aggregate your household balance at the end of the quarter to determine if
you meet the “Value of Client Account” dollar threshold outlined above. If a threshold is exceeded or not met, then you
will be charged a higher or lower tiered fee respectively, based upon the Aggregated Household Balance and Annual
Fee thresholds outlined above.

Financial Planning and Consulting Services – Towercrest generally offers financial planning as part of the Investment
Management Service. In some cases, Towercrest will charge a stand-alone fixed fee for these services. Financial
planning and consulting fees are negotiable but are generally $300 per hour.

Sub-Advisory Services - For accounts where Towercrest serves as a sub-advisor, Towercrest receives a fee that is
different from the fee schedule stated above.

B. Fee Billing
Investment advisory fees are billed quarterly in advance. As approved in writing by the client, Towercrest will request
the custodian to deduct the fee directly from the client’s account. Each billing will be for one-quarter of the annual fee.
Our firm bills on cash unless otherwise agreed to in writing. For accounts opened after the beginning of a new quarter,
fees will be prorated. As part of this process, the client should understand and acknowledge the following:
          • The independent custodian sends statements monthly to the client showing all disbursements from the
              account, including the amount of advisory fees paid to Towercrest.

         •   The client provides authorization permitting Towercrest to be directly paid by these terms.

C. Other Fees and Expenses Clients May Pay
Clients may incur certain fees or charges imposed by third parties other than Towercrest in connection with investments
made by Towercrest on behalf of clients, via individual transaction charges. These fees and charges are separate and
distinct from the fees paid to Towercrest and may include, but not be limited to: exchange-traded fund (ETF) fees,
deferred sales charges on previously purchased mutual funds transferred into the account, interest charged on margin
borrowing, “spreads” imposed by brokers and dealers representing implicit transactions costs and wire transfer/electronic
fund transfer fees. Towercrest is not responsible for and does not receive any portion of these fees or charges.

D. Advance Fees
Investment management fees are billed quarterly in advance. If an account is removed from Towercrest’s management
during the quarter, fees will be prorated to the termination date and any unearned fees will be refunded to the client.

E. Compensation for Sale of Securities by Supervised Persons
Towercrest is a “fee only” investment adviser and does not sell securities for a commission. Additionally, Towercrest
does not accept commissions for any investment products the firm recommends.

Item 7 – Types of Clients

Towercrest provides services to different client types. The mix of client types may change over time and include:
   • Individuals and High Net Worth Individuals;
   • Corporations, Trusts, Estates or Charitable Organizations;
   • Pension and Profit-Sharing Plans;
   • Sub-Advisor to other registered investment advisors.

Our firm does not impose requirements for opening and maintaining accounts or otherwise engaging us.