VOLK Financial LLC

Item 5: Fees & Compensation
    How We Are Compensated for Our Advisory Services

    Asset Management:

    Pursuant to an investment advisory contract signed by each client, the client will pay MAA an annual
    management fee, payable quarterly in arrears, based on the value of the portfolio assets of the
    account managed by MAA as of the close of market on the last business day of the preceding quarter.
    New account fees will be prorated from the inception of the account to the end of the first quarter.

                      Assets Under Management          Annual Percentage of Assets Charge

                                First $400,000                  $5,600 minimum annual fee
                             $400,001 - $1,000,000                    1.25%
                               Over $1,000,000                        1.00%

    For example, an account with a total aggregate value of $500,000 would be charged $500,000 X
    1.25%, or $6,250 per year, or $1563 per quarter or $521 per month. Fees may be negotiated at the
    sole discretion of MAA. Fees may be negotiated based on, among other things, the overall client
    relationship, size of the account, complexity and nature of the investment advisory services, nature
    of the client’s personal and financial background, client needs, and the expenditure of time and
    resources by MAA to conduct or implement any of the investment advisory services. For new clients,
    the minimum annual advisory fee per account is $5,600 for individuals and institutional clients, but
    at no time will MAA’s fee exceed 2.0% annually.

ADV Part 2 – Firm Brochure                           Page 5                                  Maine Advisory Associates

    Asset management fees will be directly deducted from the client account on a quarterly basis by the
    qualified custodian. The client will give written authorization permitting MAA to be paid directly
    from their account held by the custodian. The custodian will send a statement at least quarterly to
    the client. In rare cases, clients may be directly invoiced on a quarterly basis for any outstanding
    advisory fees due.

    Financial Consulting:

    We charge an hourly fee for financial consulting services. The ultimate fee that we charge you is based
    on the scope and complexity of our engagement with you. Our hourly fee is $400 per hour and will
    be negotiated and agreed upon by the parties in advance. The fee will be based upon the anticipated
    number of hours it will take to complete the financial consultation. Hourly fee-based clients are billed
    one-half in advance and one-half upon completion of the financial consultation. In all cases, we will
    not require an advance fee exceeding $400 when services cannot be rendered within 6 (six) months.
    If the client terminates the agreement with MAA prior to MAA’s completion of the financial
    consultation, any fees due the Advisor will be invoiced to the client and payable within thirty (30)
    days of delivery of the invoice.

    Other Types of Fees & Expenses

    All fees paid to MAA for investment advisory services are separate and distinct from the expenses
    charged by mutual funds, index funds, or exchange traded funds to their shareholders. These fees and
    expenses are described in each fund’s prospectus. These fees will generally include a management
    fee and other fund expenses. Clients will incur transaction charges for trades executed in their
    accounts.

    At no time will MAA accept or maintain custody of a client’s funds or securities except for authorized
    fee deduction. Client is responsible for all custodial and securities execution fees charged by the
    custodian and executing broker-dealer. MAA’s fee is separate and distinct from the custodian and
    execution fees.

    Termination & Refunds

    We charge our Asset Management fees quarterly in arrears. Either Maine Advisory Associates or you
    may terminate MAA’s investment advisory services upon written notice. Upon written notice of
    termination, we will compute a pro-rata daily rate. This daily rate will be multiplied by the number
    of days we provided services during the quarter prior to the date of termination of services. That
    amount will be billed to you and debited from your account.

    The first one-half of MAA’s Financial Consulting fee is payable in advance. Upon termination, any fees
    paid in advance will be prorated to the date of termination and any unearned fees will be refunded
    to client. Any fees earned but unpaid will be invoiced to the client and payable within thirty (30) days
    of delivery of the invoice. Because MAA charges one-half of the Financial Consulting fees in arrears,
    there is no refund policy for Financial Consulting fees billed in arrears.

    Commissionable Securities Sales

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

ADV Part 2 – Firm Brochure                         Page 6                                  Maine Advisory Associates

Item 7: Types of Clients & Account Requirements
    MAA will offer its services to the following types of clients:
      • Individuals and High Net Worth Individuals;
      • Trusts, Estates or Charitable Organizations; and
      • Corporations or Other Business Entities.

    Clients utilizing our Asset Management service will be required to have a minimum aggregate
    account value of $400,000. This requirement may be waived on a client-by-client basis.