Trunorth Financial LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Fees

        Total Assets Under Management              Annual Fees
        $0 - $100,000                              1.45%
        $100,001 - $500,000                        1.30%
        $500,001 - $800,000                        1.25%
        $800,001 - $1,000,000                      1.15%
        $1,000,001 - $2,000,000                    1.00%
        $2,000,001 - $3,000,000                    0.95%

        $3,000,001 - $4,000,000                 0.89%
        $4,000,001 - $5,000,000                 0.79%
        $5,000,001 - $7,000,000                 0.69%
        $7,000,001 - AND UP                     0.60%

TFL uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement. Clients may terminate the agreement without penalty for a
full refund of TFL's fees within five business days of signing 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 $1,000 and $20,000.

Hourly Fees

The negotiated hourly fee for these services is $550.

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

Other Fees

Certain advisory clients may also purchase individual life insurance or long-term disability
insurance through the Adviser acting in a separate capacity as a licensed insurance agent. In those
transactions, the Adviser receives insurance commissions that are separate from the advisory fees
described in this Brochure. This compensation creates a conflict of interest because the Adviser
has a financial incentive to recommend insurance products. Clients are under no obligation to
purchase insurance through the Adviser and may obtain comparable insurance products through
another insurance professional.

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 on a monthly basis, or may be invoiced and billed

       directly to the client on a monthly basis. Clients may select the method in which they are
       billed. Fees are paid in arrears.

       Payment of Financial Planning Fees

       Financial planning fees are paid via check and wire.

       Fixed financial planning fees are paid in arrears upon completion.

       Hourly financial planning fees are paid in arrears upon completion.

       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 TFL. Please see Item 12 of this brochure
       regarding broker-dealer/custodian.

       D. Prepayment of Fees

       TFL collects its fees in arrears. It does not collect fees in advance.

       E. Outside Compensation For the Sale of Securities to Clients

       Shawn David Erickson in his outside business activities (see Item 10 below) is licensed to
       accept compensation for the sale of investment products to TFL clients. This presents a
       conflict of interest and gives the supervised person an incentive to recommend products
       based on the compensation received rather than on the client’s needs. When
       recommending the sale of securities or investment products for which the supervised
       person receives compensation, TFL will document the conflict of interest in the client file
       and inform the client of the conflict of interest. Clients always have the right to decide
       whether to purchase TFL-recommended products and, if purchasing, have the right to
       purchase those products through other brokers or agents that are not affiliated with TFL.

Item 7: Types of Clients

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

       ❖       Individuals
       ❖       High-Net-Worth Individuals

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