APS Advisors

Item 5: Fees & Compensation

We are required to describe our brokerage, custody, fees, and fund expenses so you will know
how much you are charged and by whom for our advisory services provided to you. Our fees are
generally negotiable.

Comprehensive Portfolio Management Wrap Fee Program:

Please refer to our Wrap Fee Program Brochure for information regarding our firm’s fees and
compensation for our Comprehensive Portfolio Management Wrap Fee Program.

Pension Consulting:

We charge on an hourly fee basis for pension consulting services. The total estimated fee, as well
as the ultimate fee that we charge you, is based on the scope and complexity of our engagement
with you. Our fees are generally $250/hour, which may be negotiable in certain circumstances.
The fee-paying arrangements for pension consulting service will be determined on a case-by-
case basis and will be detailed in the signed Pension Consulting Agreement. The client will be
invoiced directly for the fees.

Other Types of Fees & Expenses:

Non-Wrap Fee Clients will incur transaction charges for trades executed in their accounts. These
transaction fees are separate from our fees and will be disclosed by the firm that the trades are
executed through. Also, clients will pay the following separately incurred expenses, which we do
not receive any part of: charges imposed directly by a mutual fund, index fund, or exchange
traded fund which shall be disclosed in the fund’s prospectus (i.e., fund management fees and
other fund expenses).

LPL Financial offers a trading platform with select exchange traded funds (“ETFs”) that do not
charge transaction fees. The no-transaction-fee ETF trading platform is available to clients
participating in LPL Financial’s Strategic Wealth Management (“SWM”) program. Clients will be

ADV Part 2A – Firm Brochure                  Page 5                                   APS Advisors, Inc.

subject to transaction fees charged by LPL Financial for ETFs not included in LPL Financial’s
platform and for other types of securities. The limited number of ETFs available on LPL
Financial’s no-transaction fee platform may have higher overall expenses than other types of
securities and ETFs not included in the platform. Other major custodians have eliminated
transaction fees for all ETFs and U.S. listed equities, so clients may pay more for investing in the
same securities at LPL Financial.

Wrap fee clients will receive our Form ADV, Part 2A, Appendix 1 (the “Wrap Fee Program
Brochure”). Wrap fee clients will not incur transaction costs for trades. More information about
this is disclosed in our separate Wrap Fee Program Brochure.

Termination & Refunds:

We charge our advisory fees quarterly in advance. In the event that you wish to terminate our
services, we will refund the unearned portion of our advisory fee to you. You need to contact us
in writing and state that you wish to terminate our services. Upon receipt of your letter of
termination, we will proceed to close out your account and process a pro-rata refund of
unearned advisory fees.

Commissionable Securities Sales:

We sell securities for a commission. In order to sell securities for a commission, our supervised
persons are registered representatives of LPL Financial Corporation (“LPL Financial”), member
FINRA/SIPC. Our supervised persons may accept compensation for the sale of securities or other
investment products, including distribution or service (“trail”) fees from the sale of mutual funds.
You should be aware that the practice of accepting commissions for the sale of securities:
       1) Presents a conflict of interest and gives our firm and/or our supervised persons an
          incentive to recommend investment products based on the compensation received,
          rather than on your needs. We generally address commissionable sales conflicts that
          arise:
               a) by explaining to clients that commissionable securities sales creates an
                  incentive to recommend products based on the compensation we and/or our
                  supervised persons may earn and may not necessarily be in the best interests
                  of the client;
               b) when recommending commissionable mutual funds, explaining that “no-load”
                  funds are available through our firm if the client wishes to become an
                  investment advisory client.
       2) In no way prohibits you from purchasing investment products recommended by us
          through other brokers or agents which are not affiliated with us.

Item 7: Types of Clients & Account Requirements

We have the following types of clients:
   • Individuals and High Net Worth Individuals;
   • Corporations, limited liability companies and/or other business types.

Our requirements for opening and maintaining accounts or otherwise engaging us:
   • We require a minimum account balance of $100,000 for our Wrap Comprehensive
       Portfolio Management service. Generally, this minimum account balance requirement is
       negotiable and would be required throughout the course of the client’s relationship with
       our firm.