Walsh & Associates LLC

Item 5:                Fees & Compensation

     Comprehensive Portfolio Management.
           Assets Under Management                            Annual Percentage of Assets Charge
                  Under $1,000,000                                          1.5%
             $1,000,000 to $5,000,000                                       1.0%
                   Over $5,000,000                                          0.75%

     Our �irm’s annualized fees are billed on a pro-rata basis quarterly in advance based on the value
     of the client’s account on the last day of the previous quarter. In the event where a client opens an
     account halfway through the quarter, the client’s �irst bill will be both in arrears and in advance
     accordingly. Our �irm bills on cash unless otherwise indicated in writing. Fees are negotiable and
     will be deducted from the client’s managed account. LPL will make quarterly adjustments for
     deposits and withdrawals in client accounts. As part of this process, the client is made aware of
     the following:

     •    LPL Financial (“LPL”) as the client’s custodian sends statements at least quarterly to you
          showing all disbursements for each account, including the amount of the advisory fees paid
          to us;

     •    The client provides authorization permitting LPL to deduct these fees;

     •    LPL calculates the advisory fees for all �lat fee schedules and deducts them from the client’s
          account.

     Legacy Wrap Asset Management.
     Please refer to Item 4 of our Wrap Fee Program Brochure for information regarding our Legacy
     Wrap Asset Management service fees.

     Legacy Wrap Comprehensive Portfolio Management.
     Please refer to Item 4 of our Wrap Fee Program Brochure for information regarding our Legacy
     Wrap Comprehensive Portfolio Management service fees.

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     Red Flag Audit.
     We charge on a �lat fee basis for our Red Flag Audit service. The total estimated fee as well as the
     ultimate fee that we charge the client is based on the scope and complexity of our engagement
     with the client. Flat fees generally range from $1,000 to $10,000. We do not require a retainer of
     the total �inancial consulting fee.

     Retirement Plan Consulting:

     Our Retirement Plan Consulting services are billed on a fee based on the percentage of Plan assets
     under management. The total estimated fee, as well as the ultimate fee charged, is based on the
     scope and complexity of our engagement with the client. Fees based on a percentage of managed
     Plan assets will not exceed 1.50%. The fee-paying arrangements will be determined on a case-by-
     case basis and will be detailed in the signed consulting agreement.

     Referrals to Third-Party Money Managers.
     We do not charge a client separate fees for referrals to third-party money managers (“TPMM”).
     We will share in the advisory fee a client pays directly to the TPMM. The advisory fee a client
     pays to the TPMM is established and payable in accordance with the brochure provided by each
     TPMM to whom the client is referred. These fees may or may not be negotiable. Our
     compensation may differ depending upon the individual agreement we have with each TPMM.
     As such, a con�lict of interest exists where our �irm or persons associated with our �irm has an
     incentive to recommend one TPMM over another TPMM with whom we have more favorable
     compensation arrangements or other advisory programs offered by TPMMs with whom we have
     less or no compensation arrangements.

          OMP offers clients the ability to participate in a professionally managed asset allocation
          program using Optimum Funds Class I shares. Under OMP, the client will authorize LPL
          Financial on a discretionary basis to purchase and sell Optimum Funds pursuant to
          investment objectives chosen by the client. LPL Financial will also have authority to
          rebalance the account.

          Model Wealth Portfolios Program (MWP)

          MWP offers clients a professionally managed mutual fund asset allocation program. The
          client authorizes the Advisor or LPL to act on a discretionary basis to purchase and sell
          mutual funds (including in certain circumstances exchange traded funds) and to liquidate
          previously purchased securities. The client also authorizes the Advisor or LPL to effect
          rebalancing for MWP accounts.

You may terminate your advisory relationship with the TPMM according to the terms of your
agreement with the TPMM. You should review each TPMM's brochure for speci�ic information on

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how you may terminate your advisory relationship with the TPMM and how you may receive a
refund, if applicable. You should contact the TPMM directly for questions regarding your advisory
agreement with the TPMM.

Non-Wrap fee clients will incur transaction charges for trades executed in their accounts, via
individual transaction charges. These transaction fees are separate from our fees and will be
disclosed by the �irm that the trades are executed through.

LPL Financial offers a trading platform with select exchange traded funds (“ETFs”) that do not charge
transaction fees. The no-transaction-fee ETF trading platform is available to clients participating in
LPL Financial’s Strategic Wealth Management (“SWM”) program. Clients will be subject to transaction
fees charged by LPL for ETFs not included in LPL’s platform and for other types of securities. The
limited number of ETFs available on LPL’s no-transaction fee platform may have higher overall
expenses than other types of securities and ETFs not included in the platform. Other major custodians
...

Item 7:                  Types of Clients & Account Requirements
We have the following types of clients:

     •    Individuals and High Net Worth Individuals; • Trusts, Estates or Charitable Organizations;
     •    Pension and Pro�it-Sharing Plans.

Our requirements for opening and maintaining accounts or otherwise engaging us:

     •    We require a minimum account balance of $500,000 for our Comprehensive Portfolio
          Management service. This minimum account balance requirement is negotiable.
     •    We do not charge a minimum fee for our Comprehensive Portfolio Management service.