Associated Investment Services Inc

Item 5 – Fees and Compensation

1.      Client Fee

Fees for the Advisory Programs offered by AIS are bundled. It includes the following services: advisory,
sponsor, technology platform, administrative, custody, execution, and clearing, as well as portfolio management
and advisory fees payable to the third-party model provider and sub-managers (collectively, “Client Fee”).

AIS provides advisory and sponsor services. Envestnet provides technology platform and administrative
services, and NFS provides custody, execution, and clearing services. The third-party model provider and sub-
managers provide portfolio management services.

Envestnet separately negotiates agreements with the various sub-managers and model providers, including
fees paid, on terms and conditions that it deems acceptable. Envestnet routinely renegotiates the pricing terms
with individual sub‐managers and model providers, whereby Envestnet, sub‐manager or model provider may
receive a greater or lesser percentage of the fees received by Envestnet than the current percentage at the time
the client selected a particular Advisory Program. This reapportionment by Envestnet often does not increase
the Client Fee a client pays. In the unusual case where the fee negotiations result in a need to increase the
Client Fee, the client will be notified in advance of any such increase, with full opportunity to select another
Advisory Program or otherwise change their account.

Set forth below are the general Client Fee schedules. Please note, the Client Fee is comprised of multiple
components, and the rate charged for each component is not the same for each Advisory Program. As a result,
the rate at which AIS receives revenue from each Advisory Program is not the same. The Client Fee, however,
is negotiable. Accordingly, the specific Client Fee that will be applied to a client’s account is set forth in the
Statement of Investment Selection (“SIS”). Clients also will be charged or incur fees and expenses not covered
by the Client Fee. See “Other Fees” below.

            (a)       Fund Strategist Portfolios

                                     Assets Under Management                       Client Fee1, 2
                           First $175,000                                         1.52% to 1.81%
                           Next $75,000 ($175,001 to $250,000)                    1.42% to 1.71%
                           Next $100,000 ($250,001 to $350,000)                   1.39% to 1.68%
                           Next $150,000 ($350,001 to $500,000)                   1.34% to 1.63%
                           Next $250,000 ($500,001 to $750,000)                   1.29% to 1.61%
                           Next $250,000 ($750,001 to $1,000,000)                 1.14% to 1.46%
                           Next $500,000 ($1,000,001 to $1,500,000)               1.12% to 1.42%
                           Next $500,000 ($1,500,001 to $2,000,000)               0.99% to 1.29%
                           Next $3,000,000 ($2,000,001 to $5,000,000)             0.98% to 1.28%
                           Above the first $5,000,000                             0.65% to 0.93%

                             Account Minimum: from $50,000 to $100,000,
                             depending on the Program
      1 The annual minimum for the firm fee component of the Client Fee ranges from $0 to $150, depending on the Advisory

      Program. It is prorated and billed monthly. As a result, some accounts whose billable value is less than $75,000 will incur
      a rate higher than listed above.
      2 The annual minimum for the custody fee component of the Client Fee ranges from $0 to $100, depending on the

      Advisory Program. It is prorated and billed monthly. As a result, some accounts whose billable value is less than
      $111,111 will incur a rate higher than listed above.

                (b)     Separately Managed Accounts

                                        Assets Under Management                      Client Fee1, 2
                              First $175,000                                      1.74% to 2.12%
                              Next $75,000 ($175,001 to $250,000)                 1.64% to 2.02%
                              Next $100,000 ($250,001 to $350,000)                1.57% to 1.93%
                              Next $150,000 ($350,001 to $500,000)                1.52% to 1.88%
                              Next $250,000 ($500,001 to $750,000)                1.48% to 1.85%
                              Next $250,000 ($750,001 to $1,000,000)              1.33% to 1.70%
                              Next $500,000 ($1,000,001 to $1,500,000)            1.31% to 1.67%
                              Next $500,000 ($1,500,001 to $2,000,000)            1.18% to 1.54%
                              Next $3,000,000 ($2,000,001 to $5,000,000)          1.16% to 1.51%
                              Above the first $5,000,000                          0.81% to 1.16%

                             Account Minimum: $100,000
     1 The firm fee component of the Client Fee is subject to a minimum annual fee of $150 that is prorated and billed monthly. As
     a result, some accounts whose billable value is less than $100,000 will incur a rate higher than listed above, depending on
     the Advisory Program.
     2 The custody fee component of the Client Fee is subject to a minimum annual fee of $100 that is prorated and billed monthly.

     As a result, accounts whose billable value is less than $83,333 will incur a rate higher than listed above.

                (c)     Associated Wealth Builder Offerings

                              (i)       Fidelity Target Allocation Index Focused Portfolios

                                            Assets Under Management                Client Fee1
                                    First $175,000                                    1.42%
...

Item 7 – Types of Clients

The vast majority of the Firm’s advisory account clients are individuals. AIS also provides advisory services to
small corporations, trusts, estates, charitable institutions or other businesses and institutions.

To maintain an account, clients in any Advisory Program offered by AIS are expected to inform their Financial
Advisor whenever their investment objectives, financial, or family circumstances materially change. This will
help the client and the Financial Advisor review the account for timely consideration of appropriate changes.
Clients are also expected to meet with their Financial Advisor not less frequently than annually to review their
accounts.

The minimum initial account sizes under the Advisory Programs are set forth in the table below. AIS
recommends that a client not withdraw assets from their existing account if doing so would reduce the balance
below the “Right to Liquidate Level” set forth in the table below. If a client’s account balance falls below that
level, AIS has the right to liquidate the client’s account and distribute the remaining cash balance to the client.

                                                                  Minimum
                          Program                                Investment         Right to Liquidate Level
 Fidelity Target Allocation Index Focused Portfolios                $5,000                   $2,500
 Vanguard Core Strategist Models                                   $50,000                  $25,000
 American Funds PMC Active Core Portfolios                         $50,000                  $25,000
 ASAP                                                              $50,000                  $25,000
 Russell Strategist Models                                         $50,000                  $25,000
 Wilshire Strategist Models                                        $50,000                  $25,000
 PMC SIGMA Mutual Fund Solution                                    $50,000                  $25,000
 PMC Strategic ETF Portfolio                                       $50,000                  $25,000
 BlackRock Models                                                  $50,000                  $25,000
 Pimco Models                                                      $50,000                  $25,000
 Innealta Dynamic ETF Portfolio                                   $100,000                  $50,000
 Separately Managed Accounts                                      $100,000               Not Applicable

Accounts must be funded with cash or cash equivalents. Other marketable assets may, at the discretion of AIS,
be considered acceptable if subject to immediate sale.