Gerard Guertin

Roffman Miller Associates charges a percentage of the assets they manage for investment advisory services. The annual fee is paid quarterly, based on the market value of your portfolio at the end of each quarter. The fees are negotiable.

For accounts opened from November 1st, 2006:

• Equities & Structured Products: 1.00% on the first $2 million, 0.75% on the next $5 million, negotiable thereafter.
• Fixed Income: 0.50% on the first $5 million, negotiable thereafter.
• Mutual Funds: 0.75% on the first $5 million, negotiable thereafter.

For accounts opened from August 1st, 2005, until October 31st, 2006:

• Equities/Balanced: 1.00% on the first $1 million, 0.75% on the next $1.5 million, 0.50% on the next $5.0 million, negotiable thereafter.
• Taxable Fixed Income: 0.50% on the first $5.0 million, negotiable thereafter.
• Municipal Fixed Income: 0.375% on the first $5.0 million, negotiable thereafter.
• Mutual Funds: 0.50% on the first $5.0 million, negotiable thereafter.

For accounts opened from 1990 until July 31st, 2005:

• Equities/Balanced: 1.00% on the first $1 million, 0.75% on the next $1.5 million, 0.50% on the next $4.0 million, 0.40% above $6.5 million.