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Fees

Humboldt Financial (HF) charges fixed fees, hourly charges and a percentage of assets under management for its advisory services. At the sole discretion of HF these fees are negotiable.

Personal Financial Independence Planning (New Financial Plan)

The fee for Personal Financial Independence Planning is as follows:

Type Fee Range Fee Deposit

One Professional $1,495-$5,000 50% of total fee

Two Professionals/same family $1,995-$11,00 50% of total fee

We may recommend other professionals in the financial industry to assist the client in the implementation of the financial plan and to carry out its objectives. These professionals are not affiliated with HF and fees or charges for their services are paid directly by the client to the professional. We do not receive any remuneration from these professionals of any kind. These professionals may include third party pension administrators, attorneys, accountants, financial institutions, and other professional consultants.

The total planning fee range is determined by the complexity of the client’s current financial situation and needs. HF requires one-half of the determined planning fee to be paid upon execution of a letter of engagement. The remaining balance is due and payable at the initial meeting with HF. If the client wishes to cancel the appointment after it has been scheduled, the deposit will be returned, pro-rated based on any work already performed on the client’s behalf.

If after the consultation is performed, and the client is not satisfied with the recommendations or financial planning advice that combined, with the savings, do not exceed the initial financial planning fee, HF will refund at the client’s request, any difference between the savings and the fee paid.

Monitoring Program & Annual Planning Review and Update for Individuals and Professional Entities

The fee for the Monitoring Program is $996 per client, per year. This covers all of the services discussed under the Monitoring Program and Annual Planning Review heading (see Advisory Services – Financial Planning). The service equates to approximately 20 hours of professional and administrative work a year.

If circumstances are such that a client requires additional time beyond that range, an hourly fee will be charged at the rate of $100 per hour. Any additional hourly work will be discussed with the client prior to it being expended. The fee for hourly services will be due within 10 days’ of billing. The annual fee will be paid in advance, either monthly ($83 per month) or quarterly ($249 per quarter) installments. Payments may be made by check or credit card.

If the individual client is a trustee/sponsor of established pension plan or becomes one during the course of engagement, the annual monitoring program and fee described below applies.

Other Financial Planning Services Offered

Financial Plan Monitoring Service for Retirees & Others

Financial plan monitoring services and related fees will vary depending on the client’s individual situation and complexity. Those clients with complicated circumstances will be required to return annually for meeting and review of their plan. For clients with a less complicated financial plan it may appropriate to alternate every other year for the meeting at a slightly reduced fee. The annual financial plan monitoring fee will range up to $10,000. The fees will be billed on a monthly or quarterly basis. There are no additional fees for assets under management beyond the investment program charged by the custodian.

Preliminary Financial Review

This service is conducted via electronic means with the client completing a short questionnaire along with providing some specific documentation as described for analysis. HF will then review the information and schedule a 2 hour phone call with the client and provide a written review. This service focuses on high level review of 4 areas – current financial position, personal and retirement investment accounts, retirement plan, and personal and corporate tax returns. The fee for this service is $995 payable with execution of the letter of engagement. If the client would like to continue the relationship with HF and engage the firm to complete a comprehensive customized financial plan, the fee for the preliminary review will be applied to the personal financial planning service if engaged within six months of the preliminary review engagement.

Additional Fees and Expenses

The fees HF charges may be negotiable based on the amount of assets under management (AUM), complexity of client goals and objectives, and level of services rendered. As described above, the fees are charged as described and are not based on a share of capital gains of the funds of an advisory client.

All fees paid to HF for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds to their shareholders. These fees and expenses are described in each fund's prospectus. These fees generally include a management fee, other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales charge. A client could invest in a mutual fund directly, without the services of HF. In that case, the client would not receive the services provided by HF which are designed, among other things, to assist the client in determining which mutual fund or funds are most appropriate to each client's financial condition and objectives. Accordingly, the client should review both the fees charged by the funds and the fees charged by HF to fully understand the total amount of fees to be paid by the client and to thereby evaluate the advisory services being provided.

There may be other limited services not detailed above where financial planning and/or investment advisory services are provided that have the assets under management component to the fee charged.

General Clients pay a service fee of $300 for 90 days of access to trade alerts for the Fully Managed Portfolios. Fee is billed at the beginning of each service period. Client can cancel service at any time.

The annual asset management rates for Fully Managed Portfolios are based on the total AUM and billed on a quarterly basis. The asset management fees are billed at the beginning of each quarterly billing period and deducted directly from the money market balance in the Clients’ account.

The management fee for Fully Managed Portfolios is tiered as follows:

Minimum Balance Maximum Balance Rate

$0.00                             $24,999                           $60/hr for direct investment/portfolio advice
$24,999                         $49,999                           $100/mo
$49,999                         $99,999                           2.25%
$99,999                         $249,999                         2.00%
$249,999                       $499,999                         1.75%

$499,999 $999,999 1.50%

$999,999 $2,499,999 1.25%

$2,499,999 $4,999,999 1.00%

$4,999,999+ 0.75%

Services provided and fee charged are detailed in the client engagement letter. These fees are in addition to other fees charged for a particular investment program or fixed fee for financial planning services.