Angelus Investment Consulting Inc

Item 5: Fees and Compensation

A. Fee Schedule

Asset-Based Fees for Portfolio Management

        Total Assets Under Management           Annual Fee
        $0 - $500,000                           2.00%

        $500,001 - $1,000,000                   1.50%

        $1,000,001 - $10,000,000                1.25%

        $10,000,001 - And Up                    1.00%

These fees are generally negotiable and the final fee schedule is attached as Exhibit II of
the Investment Advisory Contract. Clients may terminate the agreement without penalty
for a full refund of Angelus's fees within five business days of signing the Investment
Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract
generally with 15 days' written notice.

Angelus uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule is attached as Exhibit II of
the Investment Advisory Contract. This service may be canceled with 15 days’ notice.
Clients must pay the prorated performance-based fees for the billing period in which they
terminate the Investment Advisory Contract up to and including the day of termination.

Pension Consulting Services Fees

Asset-Based Fees for Pension Consulting

        Total Assets Under Management           Annual Fee
        $0 - $500,000                           2.00%

        $500,001 - $1,000,000                   1.50%

        $1,000,001 - $10,000,000                1.25%

        $10,000,001 - And Up                    1.00%

These fees are generally negotiable and the final fee schedule is attached as Exhibit II of
the Investment Advisory Contract.

Clients may terminate the agreement without penalty for a full refund of Angelus's fees
within five business days of signing the Investment Advisory Contract. Thereafter, clients
may terminate the Investment Advisory Contract generally with 30 days' written notice.
Angelus uses an average of the daily balance in the client’s account throughout the billing
period, after taking into account deposits and withdrawals, for purposes of determining
the market value of the assets upon which the advisory fee is based.

Angelus uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

Subadviser Services Fees for Quattro Financial Advisors LLC

Angelus acts as a subadviser to unaffiliated third-party advisers and Angelus would receive
a share of the fees collected from the third-party adviser’s client. The fees charged are
negotiable and will not exceed any limit imposed by any regulatory agency. This relationship
will be memorialized in each contract between Angelus and the third-party adviser.

        Total Assets         Angelus’s Fee       Third Party’s Fee        Total Fee
    All Assets             0.50%                0.50%                  1.00%

Fixed Fees

The rate for creating client pension consulting plans is between $2,500 and $250,000. The
final fee schedule will be attached as Exhibit II of the Investment Advisory Contract. This
service may be canceled with 15 days’ notice.

Hourly Fees

The hourly fee for these services is between $150 and $2,000. The final fee schedule will
be attached as Exhibit II of the Investment Advisory Contract.

Financial Planning Fees

Clients may terminate the agreement without penalty for a full refund of Angelus's fees
within five business days of signing the Financial Planning Agreement. Thereafter, clients
may terminate the Financial Planning Agreement generally upon written notice.

Fixed Fees

The negotiated fixed rate for creating client financial plans is between $2,500 and $250,000.
Fees are charged 30% in advance, but never more than six months in advance, with the
remainder due upon presentation of the plan.

Hourly Fees

The negotiated hourly fee for these services is between $150 and $2,000. Fees are charged in
arrears upon completion.

B. Payment of Fees

Payment of Asset-Based Portfolio Management Fees

Asset-based portfolio management fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis, or may be invoiced and billed
directly to the client on a monthly basis. Clients may select the method in which they are
billed. Fees are paid in arrears.

Payment of Asset-Based Pension Consulting Fees

Asset-based pension consulting fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis, or may be invoiced and billed
directly to the client on a monthly basis. Clients may select the method in which they are
billed. Fees are paid in arrears.

Payment of Fixed or Hourly Pension Consulting Services Fees

Fixed pension consulting fees are paid via check. These fees are paid 30% in advance, but
never more than six months in advance, with the remainder due upon presentation of the
plan.

Hourly pension consulting fees are paid in arrears upon completion.

Payment of Financial Planning Fees

Financial planning fees are paid via check and wire.

Fixed financial planning fees are paid 30% in advance, but never more than six months in
advance, with the remainder due upon presentation of the plan.

Hourly financial planning fees are paid in arrears upon completion.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by Angelus. Please see Item 12 of this
brochure regarding broker-dealer/custodian.

D. Prepayment of Fees
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Item 7: Types of Clients

Angelus generally provides advisory services to the following types of clients:

           ❖ Individuals
           ❖ High-Net-Worth Individuals
           ❖ Pension & Profit Sharing Plans

Minimum Account Size

There is no account minimum for any of Angelus’s services.