ITEM 5 – FEES AND COMPENSATION
A. Advisory Fees. All fees are subject to negotiation. It is anticipated that such situations may occur
with larger, more complex accounts and relationships. Typically, annual management fee ranges
from 0.20% to 1.00% of the portfolio value depending on the services rendered. In certain
circumstances, a fixed fee approximating the percentage fee may be negotiated for the following
year. Flat fees may be charged for investment consulting.
B. Payment of Fees. Fees for discretionary investment management services are payable quarterly
in advance. In most instances, AZALLC requires fees to be directly debited from an investment
account as opposed to being invoiced. Fees for investment consulting generally are payable
quarterly in advance. In such instances, AZALLC invoices clients directly. Investment consulting
fees may be charged in arears.
C. Other Fees. Mutual funds, ETF’s, ETN’s and other investments we may use typically charge their
shareholders various advisory fees and expenses associated with the establishment and operation
of the funds. These fees will generally include a management fee, shareholder servicing, other
fund expenses, and sometimes a distribution fee. If the fund also imposes sales charges, you may
pay an initial or deferred sales charge. Each fund’s current prospectus discloses these separate
fees and expenses. These fees are in addition to and separate from AZALLC’s fees. A copy of the
prospectus is available from the fund.
AZALLC’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, third party investments and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Such charges, fees and commissions are exclusive of and in addition to AZALLC’s
management fee, and AZALLC shall not receive any portion of these commissions, fees, and costs.
D. Fees Paid in Advance. AZALLC most often calculates fees for discretionary investment
management, and consulting in advance, on a quarterly basis.
The investment advisory agreement may be terminated at any time by either the client or AZALLC
by giving written notice to the other. With respect to any unearned fee, the prorated portion will
be calculated based on the number of days remaining in the applicable quarterly period after the
termination date. Any prepaid amount due to client will be returned within 30 days following the
close of the quarter following termination. Any earned, unpaid fees will be due and payable.
Termination of AZALLC’s agreement shall not affect liabilities or obligations incurred from
transactions initiated under our agreement prior to the termination date, such as the purchase of
investments by AZALLC for client’s account. Clients are responsible for any cost incurred in
transferring assets from their account to a different account and any management fees accrued
and unpaid at the time of termination. After the termination date, AZALLC will have no further
duties or obligations to the client under our agreement.
E. No one at AZALLC receives commissions for the sale of securities or any other investment product.
Arthur Zaske & Associates, LLC 5 of 13 March 28. 2023
Form ADV Part 2A