Bey-Douglas LLC

Item 5 Fees and Compensation
General Fee Information
Clients enter into one of two fee arrangements. Generally, clients elect to pay management fees to
Bey-Douglas separately from the brokerage expenses of the account. Accordingly, client accounts pay
a management fee, plus the brokerage expenses incurred in the account. The brokerage expenses
may take the form of asset-based pricing, meaning that the broker/dealer charges the account a flat-
rate percentage to cover all brokerage expenses, or these expenses may be assessed on a per-trade
basis. In such an arrangement, fees paid to Bey-Douglas are exclusive of all custodial and transaction
costs paid to the client's custodian, brokers or other third party consultants.

In either of these arrangements, the fees noted above are separate and distinct from the internal fees
and expenses charged by mutual funds, ETFs (exchange traded funds) or other investment pools to
their shareholders (generally including a management fee and fund expenses, as described in each
fund's prospectus or offering materials). The client should review all fees charged by funds, brokers,
Bey-Douglas and others to fully understand the total amount of fees paid by the client for investment
and financial-related services. Portfolio Management Fees Bey-Douglas offers two types of investment
strategies, which are described in more detail in the Methods of Analysis, Investment Strategies and
Risk of Loss section of this brochure. Each strategy has a different fee schedule.

The Disciplined Investment System annual fee is based on a percentage of assets under
management, as follows:

First $5,000,000                          1.00%
Over $5,000,000                           0.75%

For example, if an account is valued at $1,500,000, the first $1,000,000 will be charged 1.00%
annually, while the balance of $500,000 will be assessed the lower fee of 0.75%.

The minimum portfolio value for all three strategies is generally set at $300,000. Minimum annual fees
may apply. Bey-Douglas may, at its discretion, make exceptions to the foregoing or negotiate special
fee arrangements where Bey-Douglas deems it appropriate under the circumstances.

Portfolio management fees are generally payable quarterly, in advance. If management begins after
the start of a quarter, fees will be prorated accordingly. With client authorization, fees are normally
debited directly from client account(s). In limited instances, Bey-Douglas may agree to provide an
invoice for fees which is payable upon receipt.

Either Bey-Douglas or the client may terminate their Portfolio Management Agreement at any time,
subject to any written notice requirements in the agreement. In the event of termination, any paid but
unearned fees will be promptly refunded to the client based on the number of days that the account
was managed, and any fees due to Bey-Douglas from the client will be invoiced or deducted from the
client's account prior to termination.

Other Compensation
Adam Hill is a registered representative at American Wealth Management, an SEC registered
broker/dealer and member of FINRA and SIPC, and is also licensed to sell insurance in Georgia. As
such, he is entitled to receive commissions or other remuneration on the sale of insurance and other
investment products which provide an incentive to recommend such products based on compensation
received, rather than on a client's specific individual needs. In order to protect client interests, Bey-
Douglas' policy is to disclose all forms of compensation before any such transaction is executed.
Clients will not pay both a commission to an individual at Bey-Douglas and also pay an advisory fee to
the firm on assets held in the same account. These fees are exclusive of each other. Clients are not
obligated to purchase recommended investment or insurance products and may utilize our services or
those of other brokers or agents in their sole discretion.

Item 7 Types of Clients
Bey-Douglas serves individuals, including high net worth individuals, pension and profit-sharing plans,
charitable organizations, corporations, trusts, and estates. In general, we require a minimum of
$300,000 to open and maintain an advisory account. At our discretion, we may waive this minimum
account size.