Allied Investment Advisors LLC

Item 5 – Fees and Compensation

Fees for Asset Management Services
Clients may be charged fees based on a fixed percentage or based on a tiered fee schedule. The following
fee schedule is an example of a typical fee schedule used to determine the annual percentage rate and is
provided for illustrative purposes.
                              Assets Under Management          Annual Fee
                                    First $1 Million              1.2%
                                    Next $2 Million               1.0%
                                    Next $2 Million               0.9%
                                 $5 Million and Above             0.8%

The actual fee charged to each client shall be determined prior to establishing the arrangement and stated
in the Allied Investment client agreement (or addendum). The exact client fee shall be determined (and in
some cases negotiated) based on the client’s amount of assets under management, overall investment
objective (asset allocation), discretionary versus non-discretionary trading authorization, and the complexity
of the client’s overall financial situation and other factors. Based on complexity, account size, and other
factors, our annual advisory fees may be more than the minimum fee listed above but no more than 1.50%
annually and only if negotiated and agreed to by the client and our firm.

Fees are calculated by multiplying the assets under management by the relevant percent, dividing such
product by 365, then multiplying by the number of days in the quarter. Accounts opened in mid-quarter will
be assessed at a pro-rated management fee. Fees are payable quarterly in advance. Fees for the initial
quarter will be adjusted pro-rata based on the number of calendar days in the calendar quarter in which the
Allied Investment Advisors Investment Management Client Agreement goes into effect based on the initial
account funding amounts. Cash and cash equivalents are included in the calculation of advisory fees,
unless otherwise noted and agreed to in the executed Agreement. Margin balances are not included in the
calculation of advisory fees.

Discrepancies may occur between the billing statement provided by our third party billing software and the
statement from the custodian due to differences in accounting methods, trade date versus settlement date.
Allied Investment Advisors has the ability to produce billing summaries, which can be provided upon
request.

All management fees will be paid directly by the client to Allied Investment Advisors or may be debited from
the client’s account.

For clients that pay fees directly, payment is due upon the client’s receipt of the billing statement from Allied
Investment Advisors. The billing statement will show the amount of fees due for the current quarter, the
manner in which the fees are calculated, any adjustments to the fees, and explanations of any adjustments.
When fees are debited from the client’s account, Allied Investment Advisors will calculate the fee and send
fee debit instructions to the account custodian or administrator. Please see Item 15 for more details.

Our standard billing method is billing fees in arrears based on the value of assets under management as
of the last day of the billing period. From time to time, and upon client request, we may agree to an
alternative billing arrangement (e.g., billing in advance), provided such variation is approved by the Chief
Compliance Officer (CCO) and is consistent with the client’s advisory agreement and applicable regulations.

Allied Investment Advisors, LLC                                                  Part 2A of Form ADV: Firm Brochure

Brokerage fees and/or transaction ticket fees charged by the custodian will be billed directly to the client.
Allied Investment Advisors does not receive any portion of such fees from the custodian or client. In
addition, clients may incur certain charges imposed by third parties other than Allied Investment Advisors
in connection with investments made through the account, including but not limited to, mutual fund sales
loads, 12(b)-1 fees and surrender charges, IRA and qualified retirement plan fees. Allied Investment
Advisors does not receive any portion of such fees. Management fees charged by Allied Investment
Advisors are separate and distinct from the fees and expenses charged by investment company securities
that may be recommended to clients. A description of these fees and expenses is available in each
investment company security’s prospectus.

The Allied Investment Advisors Investment Management Client Agreement may be terminated by either
party (i.e. Allied Investment Advisors or the client) upon 30 days written or verbal notice to the other party.
Written notice given by the client shall be effective upon actual receipt by our Firm at the address specified
on the Investment Advisory Agreement or the then current address. The management fee will be pro-rated
to the date of termination, for the quarter in which the termination notice was given and the unearned fee
refunded to your account as indicated in your Agreement. Upon termination, you are responsible for
monitoring the securities in your account, and we will have no further obligation to act or advise with respect
to those assets. In the event of client’s death or disability, our Firm will continue management of the account
until we are notified and given alternative instructions by an authorized party.

Newsletter
Our Firm has entered into an arrangement with an unaffiliated firm(s) to distribute our newsletter for a flat
monthly subscription fee.

Financial Planning Fees
If you engage our Firm in investment management services, financial planning services are included in the
investment management fee discussed above.

Certified Divorce Financial Analysis
Our Firm’s Certified Divorce Financial analysis fee is based on the breadth of the services being provided
...

Item 7 – Types of Clients

Allied Investment Advisors generally provides investment advice to the following types of clients:

    •    Individuals
    •    High-Net Worth Individuals
    •    Pension and profit sharing plans
    •    Trusts, estates, or charitable organizations
    •    Corporations and other businesses
    •    Other unaffiliated Financial Institutions

Minimum Investment Amounts Required
Generally, the minimum dollar value of assets required to establish a managed account is $250,000 and a
minimum annual fee of $3,000. However, Allied Investment Advisors may waive or lower the account and
fee minimum at its discretion. All clients are required to execute an agreement for services in order to
establish a client arrangement with Allied Investment Advisors.

Allied Investment Advisors, LLC                                                 Part 2A of Form ADV: Firm Brochure