Albitz/Miloe and Associates Inc

Item 5 – Fees and Compensation

Quarterly Report Advisory Service Fees:
Fees for this advisory service are based on an hourly or flat fee basis and are negotiated with
the client prior to work being completed. The hourly fees start at $250/hour dependent upon
the scope of work. Flat fees range between $125 and $1,000 per quarter. The cost of this service
is dependent upon the amount of time required to do the analysis, the complexity of the
situation, and the necessity for meetings and reviews. Fees are billed following the completion
of the Quarterly Report Advisory service work. This advisory service can be terminated at any
time by the Firm or the client upon receipt of written or verbal instructions.

Managed Account Fees:
Fees for the GVA and CAM programs are negotiated, based upon the size of the account, other
fee related work performed for the client, nature and duration of the client relationship, and
other accounts that the client may have with the Firm. The negotiated annual fee is billed
quarterly, in arrears, based on the balance at the end of each quarter as of March 31st, June 30th,
September 30th, and December 31st, or within 10 days of the notice of account closure by the
Custodian or Client for a partial quarter. Since fees are negotiated, some clients may pay fees
lower than the stated fee structure. The fee structure for the GVA and CAM programs are
detailed within each account agreement. The negotiated fee may be reduced by the Firm at

                    Albitz/Miloe & Associates, Inc. ADV Part 2A 2B – Page 3

their discretion, but any fee increase requires an updated Client account agreement. Both the
GVA and CAM advisory services can be terminated at any time by the Firm or the client upon
receipt of written or verbal instructions.

The Fee schedule for each account are as follows:

GVA Accounts:
 Account Size (Market Value)                         Maximum Annual Fee
 Up to $500,000                                      1.50%
 $500,001 to $1,000,000                              1.25%
 $1,000,001 and Higher                               Negotiated

CAM Accounts:
 Account Size (Market Value)                         Maximum Annual Fee
 Up to $500,000                                      1.00%
 $500,001 and Higher                                 Negotiated

The custodian holding Client funds will debit their GVA or CAM account by the amount of the
fee, unless Client has requested to be billed directly. Direct billing is not available for new CAM
accounts established after 2019. Most clients have fees debited from their account, and the
following criteria must be met when payment is debited by the custodian:
    1. Client provides authorization permitting the independent custodian to debit the fees to
        be paid directly from the client’s account;
    2. Firm sends instructions to the custodian with the fee to be debited for GVA accounts.
        For CAM accounts (2020 and after), the custodian calculates and debits the fee;
    3. The custodian sends Client a statement, at least quarterly, showing any distributions
        from the account including the advisory fees paid directly to the Firm;
    4. Firm discloses to Client that it is the client’s responsibility to verify the accuracy of the
        fee calculation and that the custodian will not determine whether the fee is properly
        calculated.

The Firm’s fees will reduce the portfolio’s return by the amount of the fee charged and are in
addition to other fees which may be incurred by the client from third parties including:
   - Mutual fund and ETF Fees (GVA or CAM): typically include internal management fees,
       and, possibly, 12b-1 fees, which are disclosed in the fund’s prospectus. For GVA clients,
       under the terms of the Firm’s agreement with the custodian, any 12b-1 fees received by
       the custodian are not paid to the Firm (they are kept by the custodian). The Firm seeks
       to avoid use of any mutual fund or ETF that has a 12b-1 fee.
   - Variable annuity fees (CAM): inclusive of administrative fees, management fees, rider
       fees, and mortality and expense fees.
   - Brokerage fees (GVA): may include transaction fees on purchases and sales or any 3rd
       party commissions/mark-ups. If applicable, these fees are shown on the transaction

                    Albitz/Miloe & Associates, Inc. ADV Part 2A 2B – Page 4

       confirmation statement provided to the client by the custodian. Clients may incur
       different transaction fees depending on the custodian holding the assets.
   -   Miscellaneous fees (GVA or CAM): may include account maintenance fees on retirement
       plans or other fees assessed for specials situations (reorganization fees, wire fees, etc.).

As noted above, it is possible that an adviser of the Firm could receive 12b-1 fees from a mutual
fund or trailing compensation from a variable annuity that is being utilized within the CAM
program. Where these fees are received, the adviser(s) are sole proprietors and treat this
income separately from the fee income of the Firm. Trailing compensation is not used when
determining the fees charged by the Firm for the CAM program.

With each service provided by the Firm it is possible that similar services (but not the exact
same services) can be found elsewhere for a lower cost. Clients have the option to purchase
investment products offered by the Firm through other brokers, agents, and/or advisors not
affiliated with our Firm.

In the event of death, Firm continues to manage the account until notification has been
received. If we are not notified of the death prior to the end of quarter, standard billing will
continue. If we are notified of the death prior to the end of the quarter, a partial quarter billing
will be processed from the beginning of the quarter through the date of death.

ERISA Accounts: The Firm is deemed to be a fiduciary to advisory clients that are employee
...

Item 7 – Types of Clients

The Firm provides portfolio management services to individuals, high net worth individuals,
corporate pension and profit-sharing plans, as well as corporations or other businesses not
listed above (Ref: ADV Part 1, Item 5 D). The Firm does not have any minimum assets

                    Albitz/Miloe & Associates, Inc. ADV Part 2A 2B – Page 5

requirement for opening or maintaining an account, but asset size will dictate the
appropriateness of the service we recommend. Within the Greater Value Account, we suggest
and encourage clients to start the account with a minimum balance of $100,000. However,
there are a myriad of situations where this initial requirement is waived. The Firm will review
each situation individually and decide with the client whether to establish the Greater Value
Account for an amount less than $100,000.