Beadell A D Investment Counsel Inc

Item 5: Fees and Compensation

fund classes, which in effect decreases the firm’s costs and increases its revenues from the
account. Effectively, the cost is transferred to the client from the firm in the form of a lower rate
of return on the specific mutual fund. This creates an incentive for the firm or investment adviser
representative to utilize such funds as opposed to those funds that may be equally appropriate
for a client but do not carry the additional cost of 12b-1 fees. As a policy matter, the firm does
not allow funds that impose 12b-1 or revenue sharing fees on the client’s investment within its
wrap fee programs. Clients should understand and discuss with their investment adviser
representative the types of mutual fund share classes available in the wrap fee program and the
basis for using one share class over another in accordance with their individual circumstances
and priorities.

                 Part 2A of Form ADV: A.D. Beadell Investment Counsel, Inc., Brochure

Item 7: Types of Clients
A. D. Beadell provides investment advisory services to individuals including high-net-worth
individuals, pension and profit sharing plans, trusts, estates, nonprofit organizations,
corporations, and other business entities. Portfolios considered for management by A. D.
Beadell generally have a minimum of $500,000 in assets. Portfolios with smaller values may be
considered in certain cases.

                Part 2A of Form ADV: A.D. Beadell Investment Counsel, Inc., Brochure