CFP DISCLOSURE

1. RELATIONSHIPS WHICH REASONABLY MAY COMPROMISE THE CFP DESIGNEE'S OBJECTIVITY OR INDEPENDENCE

2. MATERIAL INFORMATION RELATIVE TO THE PROFESSIONAL RELATIONSHIP:
   1. Basic Philosophy of the CFP Designee in Working With Clients:
   2. Philosophy, Theory and/or Principles of Financial Planning Which Will be Utilized:
   3. Resume:
   4. Description of the Financial Planning Services to be Provided by the CFP Designee:
   5. Method of Compensation:
   6. Compensation Arrangements:
   7. Agency or Employment Relationships:
   8. Conflicts of Interest:
   9. Other Material Information Relevant to the Professional Relationship:
   10. Information Required by All Laws Applicable to the Relationship:
   11. Other Information:
   12. Fee-Based Accounts: Some Details
3. SUBSEQUENT DISCLOSURES

CFP PRACTITIONER DISCLOSURE FORM: David Peterson, CFP

For Use When Providing Personal Financial Planning Services

INFORMATION ABOUT THIS FORM:

THIS FORM PROVIDES FOR CERTAIN DISCLOSURES TO CLIENTS (OR POTENTIAL CLIENTS) AS REQUIRED BY THE CFP BOARD OF STANDARDS' CODE OF ETHICS AND PROFESSIONAL RESPONSIBILITY. IT IS INTENDED FOR USE BY THOSE CERTIFIED FINANCIAL PLANNER DESIGNEES WHO PROVIDE PERSONAL FINANCIAL PLANNING SERVICES TO CLIENTS FOR COMPENSATION. CFP DESIGNEES MAY USE THIS FORM, SEC FORM ADV PART II, OR FORM OF THEIR OWN DESIGN OR CHOOSING AS LONG AS THE REQUIRED CODE DISCLOSURES ARE INCLUDED IN WHATEVER FORM IS USED BY THE CFP DESIGNEE. COMPLIANCE WITH THE CLIENT DISCLOSURE REQUIREMENTS OF THE CODE OF ETHICS AND PROFESSIONAL RESPONSIBILITY IS ACCOMPLISHED ONLY WHEN ALL MATERIAL INFORMATION RELEVANT TO THE PROFESSIONAL RELATIONSHIP (WHICH INCLUDES EVERYTHING REQUIRED, PERTINENT AND APPROPRIATE TO THE GIVEN CLIENT RELATIONSHIP) HAS BEEN DISCLOSED TO THE CLIENT OR PROSPECTIVE CLIENT. SUCH DISCLOSURE SHOULD INCLUDE, IF MATERIAL, 1) INFORMATION ABOUT THE FINANCIAL CONDITION OF THE CFP LICENSEE AND/OR HIS OR HER FIRM WHICH IS REASONABLY LIKELY TO IMPAIR THE ABILITY OF THE CFP LICENSEE TO MEET CONTRACTUAL COMMITMENTS TO THE CLIENT AND 2) ANY LEGAL OR DISCIPLINARY EVENT RELATIVE TO THE CFP LICENSEE THAT IS MATERIAL TO A CLIENT'S OR POTENTIAL CLIENT'S EVALUATION OF THE CFP LICENSEE'S INTEGRITY OR ABILITY TO MEET CONTRACTUAL COMMITMENTS TO THE CLIENT. MERE COMPLETION OF A SUGGESTED DISCLOSURE FORM DOES NOT, IN AND OF ITSELF, CONSTITUTE FULL COMPLIANCE WITH THE CODE OF ETHICS DISCLOSURE REQUIREMENTS.

THIS DISCLOSURE FORM GIVES INFORMATION ABOUT THE CFP AND CERTIFIED FINANCIAL PLANNER LICENSEE (S) AND HIS/HER OR THEIR BUSINESS. THIS INFORMATION HAS NOT BEEN REVIEWED, APPROVED OR VERIFIED BY THE CFP BOARD OR BY ANY GOVERNMENTAL OR SELF-REGULATORY AUTHORITY. THE CFP BOARD DOES NOT WARRANT THE SPECIFIC QUALIFICATIONS OF INDIVIDUALS LICENSED TO USE ITS MARKS, NOR DOES IT WARRANT THE CORRECTNESS OF ADVICE OR OPINIONS PROVIDED.

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Part I. RELATIONSHIPS WHICH REASONABLY MAY COMPROMISE THE CFP DESIGNEE'S OBJECTIVITY OR INDEPENDENCE:

I am a Registered Principal with SII Investments, Inc. and, as such, I
sell securities through SII.

I am an Investment Advisory Representative with SII Investments, Inc.
and I provide investment advice and financial planning for a fee
through SII.

I am an insurance agent and am licensed to sell life and health
insurance products through various companies.

I work with insurance agents at Newman Financial Services to sell Long
Term Care Insurance on a commission-splitting basis.

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Part II. MATERIAL INFORMATION RELATIVE TO THE PROFESSIONAL RELATIONSHIP:

A. Basic Philosophy of the CFP Designee in Working With Clients:

My approach to personal financial planning is to obtain from our clients significant financial and other information including your attitudes, goals, and objectives; to analyze the information obtained in order to develop alternatives for your consideration; to educate our clients about the implications of selecting a particular alternative; to implement the alternative selected by the client; and to periodically update the plan adopted. It is my goal to become your chief financial adviser and to coordinate the efforts of your other advisers in your best interests. I want you to be educated about your own financial affairs and to take an active role in managing them.

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B. Philosophy, Theory and/or Principles of Financial Planning Which Will be Utilized:

My philosophy of financial planning is to gather adequate reliable information about a client's personal financial situation; to determine the client's goals and objectives, time horizon, and risk tolerance; to analyze all of the foregoing information in an objective manner and to develop recommendations for our clients based upon this thorough analysis and in the interest of rendering disinterested advice. In a personal financial planning engagement, I endeavor to consistently act in the interest of my client and to place his or her interest ahead my own. Moreover, I believe that a client should be both informed and proactively involved in his or her personal financial affairs.

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C. Resume:

1. Educational background:

1. Bachelor of Mathematics degree from the University of MN, 1972.
2. Bachelor of Science degree in Business from the University of MN,
   1978.
3. Master of Business Administration degree from the University of
   IA, 1981.

2. Professional/employment history:

1. 1997 - present Registered Representative/Principal for SII Investments, Inc. (formerly Secura Investments, Inc.).
2. 1993 - 1997 Registered Representative for Financial Network Investment Corporation.
3. 1991 - 1993 Registered Representative for Multi-Financial
   Corporation.
4. 1988 - 1991 Registered Representative for Financial Network
   Investment Corporation.

3. Professional designations and licenses held:

1. Certified Financial Planner (CFP) designation - 1993.
2. NASD Series 7 (General Securities) registration - 1988.
3. NASD Series 63 (Uniform Securities Agent State Law) registration - 1988.
4. NASD Series 24 (General Securities Principal) registration - 1997.
5. NASD Series 65 (Uniform Investment Advisor Law) registration - 1999.
6. Life and Health and Variable Annuity insurance licenses - 1988, State of Minnesota (MN Insurance License I.D. #30305) and other states.

4.Areas of competence and specialization:

1. Investment Planning including the use of Modern Portfolio Theory.
2. Retirement Plans (including rollover IRA's, 401(K)'s, 403(B)/TSA, SEP's, SIMPLE IRA's, Roth IRA's, Profit Sharing Plans, Money Purchase Plans, Tandem Plans, Defined Benefit Plans)
3. Retirement Planning
4. Tax-Advantaged Investing
5. Estate Planning
6. Insurance

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D. Description of the Financial Planning Services to be Provided by the CFP Designee:

(initial those applicable)

____ 1. Design of an investment portfolio appropriate to your individual
circumstances, needs, goals, risk tolerance, investment experience, and time horizon.

____ 2. Retirement planning.

____ 3. Tax-advantaged investing.

____ 4. Estate planning.

____ 5. Risk management.

____ 6. Other:

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E. Method of Compensation:

Compensation will generally be earned in three ways:

1. through fixed fees based on an hourly rate of $125.00
2. commissions and 12b-1 fees which result from implementation of our recommendations through SII Investments, Inc. and/or various insurance companies
3. fees based on assets under management through SII Investments
   

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F. Compensation Arrangements:

1. Source(s) of compensation

a. Fees from clients.

b. Commissions from SII Investments, Inc.

c. Commissions from various insurance companies.

2. Referral Fees: None.

a. Source: Not applicable.

b. Basis of calculation of referral fee: Not applicable.

3. Contingencies or other aspects material to the fee and/or commission
arrangement:

I, of course, will not receive a commission unless you purchase the financial products recommended by me.

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G. Agency or Employment Relationships:

1. Material agency or employment relationships with third parties:
   None.
2. Fees or commissions resulting from such agency or employment
   relationships:
   None.
   

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H. Conflicts of Interest:

See Part I.

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I. Other Material Information Relevant to the Professional Relationship:

1. My broker dealer permits me to sell only those securities products
which it has approved.

2. Most of my business is referrals from clients, CPA's and attorneys.

My NASD Central Registration Depository (CRD) number is 1810378. The NASD can be reached at 1-800-289-9999 or www.nasdr.com .

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J. Information Required by All Laws Applicable to the Relationship:

1. State of Minnesota Financial Planner Disclosure Form

2. Form ADV Part II: SII Investments, Inc. Advisory Services and Fees
Disclosure Statement

3. Form ADV filed with the SEC

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K. Other Information:

1. David Peterson, CFP
7767 Elm Creek Boulevard, Suite 110
Maple Grove, MN 55369
(763) 416-1857
(763) 416-3604 (fax)

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L. Fee-Based Accounts: Some Details

1. Confirmation Charge. There is a $4.00 charge paid by the client on each transaction.

2. Other charges are listed on the back of the New Account Form (NAF). One of the most common is the $35.00 IRA fee.

3. The SII Advisor Access Agreement lists a $50.00 one-time set up charge. This charge is NOT currently being deducted.

4. Ticket Charges. Various purchases and sales in fee-based accounts have small fees called ticket charges. I generally pay those myself. I do NOT pay them when trades are done that I don't recommend. For example:

• A client wants to purchase a stock.
• A client wishes to temporarily exit the stock market.
• A client liquidates his/her account.

Please ask me about a particular transaction if you have any question as to who will pay the ticket charges. Note that many other advisors have the client pay all ticket charges.

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Part III. SUBSEQUENT DISCLOSURES

(Disclosures required to be provided subsequent to establishing a client relationship)

Changes in any of the following since entering into a client
relationship:

Please complete the applicable item(s).

1. Business affiliation:

2. Address:

3. Telephone number:

4. Credentials:

5. Qualifications:

6. Licenses:

7. Compensation structure:

8. Agency relationships:

9. Scope of the CFP designee's authority in any agency relationship:

New conflicts of interest which have developed after the commencement
professional relationship:

As a CFP designee's personal financial planning client, you have the
right to receive annually the current SEC form ADV Part
II or the current revision of the disclosure you received when your
relationship began:

I hereby acknowledge receipt of this required disclosure.

_____________________ /______________

______________________ /____________
Client's Signature and Date

I decline to receive the annual disclosure required to be made available to me unless there is a material change affecting my relationship with this CFP licensee or the services being provided to me.

______________________ / ______________

____________________ / ____________
Client's Signature and Date

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