TPG Advisors LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

         Total Assets Under Management          Annual Fees

         $0 - $1,000,000                        1.10%

         $1,000,001 - $2,000,000                0.85%

         $2,000,001 - $3,000,000                0.65%

         $3,000,001 - and up                    0.50%

Our asset management fees are annual fees and may be negotiable. Asset management
fees are paid quarterly in arrears. Payments are based on the account’s asset value as of
the last business day of the prior calendar quarter. The value is multiplied by the
applicable annual rate and then multiplied by the pro-rated days in the quarter (example:
$100,000 x 1% = $1,000 x 90/360= $250.00). The fee is billed and payable within ten (10)
days after the end of the prior quarter. Fees will be deducted only upon receipt of a signed
Investment Advisory Contract permitting the fees to be paid directly from your account.
The qualified custodian will deliver an account statement to you at least quarterly, which
will show all disbursements from your account. We urge you to review all statements for
accuracy.

As agreed upon with the client, TPG may charge a tiered fee or a single rate fee. Clients may
terminate the agreement without penalty for a full refund of TPG's fees within five
business days of the signing of the Investment Advisory Contract. Thereafter, clients may
terminate the Investment Advisory Contract generally with 30 days' written notice.

Financial Planning Fees

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $500 and $25,000.

Hourly Fees

The negotiated hourly fee for these services is between $100 and $500.

Clients may terminate the agreement without penalty, for full refund of TPG’s fees, within
five business days of signing the Financial Planning Agreement. Thereafter, clients may
terminate the Financial Planning Agreement generally upon written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization. Fees are paid quarterly in arrears.

Payment of Financial Planning Fees

Financial planning fees are paid via check and wire.

Fixed financial planning fees are paid 50% in advance, but never more than six months in
advance, with the remainder due upon presentation of the plan.

Hourly financial planning fees are paid 50% in advance, but never more than six months
in advance, with the remainder due upon presentation of the plan.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third-party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by TPG. Please see Item 12 of this brochure
regarding broker-dealer/custodian.

D. Prepayment of Fees

TPG collects certain fees in advance and certain fees in arrears, as indicated above.
Refunds for fees paid in advance but not yet earned will be refunded on a prorated basis
and returned within fourteen days to the client via check or return deposit back into the
client’s account.

Fixed fees that are collected in advance will be refunded based on the prorated amount of
work completed at the point of termination.

For hourly fees that are collected in advance, the fee refunded will be the balance of the
fees collected in advance minus the hourly rate times the number of hours of work that
has been completed up to and including the day of termination.

    E. Outside Compensation For the Sale of Securities to Clients

    Neither TPG nor its supervised persons accept any compensation for the sale of
    investment products, including asset-based sales charges or service fees from the sale of
    mutual funds.

Item 7: Types of Clients

    TPG generally provides advisory services to the following types of clients:

      ❖       Individuals
      ❖       High-Net-Worth Individuals
      ❖       Pension and Profit-Sharing Plans
      ❖       Corporations or Business Entities

    There is no account minimum for any of TPG’s services.