Calder Investment Advisors

Item 5 – Fees and Compensation
Clients whose assets are invested in the shares of mutual funds will pay both a direct
management fee to Calder Financial Group and indirectly to the advisors of the mutual fund
which reduces the net asset value of the funds’ shares. Advisory fees are computed as a

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percentage of the fair market value of each portfolio (computed by the custodian), are
billed quarterly, and are payable in advance.

Generally, a minimum quarterly fee of $50 is required. However, this figure may be
negotiable, depending upon the client’s objectives and the nature of the account and
anticipated future contributions.

Our tiered fee schedule is:

        Amount                         Percentage Annually

        Up to $1,000,000                       1.00%

        $1,000,000 - $2,000,000                0.60%

        Over $2,000,000                        0.40%

A tiered fee means the applicable rate will be applied to the custodian reported value in
each range of account value. For example, an account with a reported value of $1,200,000
will be charged at a rate of 1.00% for the first $1,000,000 and 0.60% for the remaining
$200,000.

Calder’s fees are exclusive of brokerage commissions, transaction fees, and other related
costs and expenses that can be charged by the custodian (example Fidelity Investments)
which shall be incurred by the client. Mutual funds and exchange traded funds also charge
internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees
and commissions are exclusive of and in addition to Calder’s fee, and Calder does not
receive any portion of these commissions or other charges.

Fees for retirement plans may be different depending on the level of assets in the plan,
number of participants, number of physical locations, and structure of our investment
management responsibilities and servicing.

Client fees are generally deducted directly from client accounts on a quarterly basis. Clients
do have the option to pay their investment advisory fees by check.

A full quarterly fee applies if we provide service for one or more days of the quarter.
Contracts may be terminated by either party upon written notice.

Calder provides consulting services to clients who are interested in private placement
investments. A flat fee is charged to the client on a case-by-case basis.

Financial planning services as well as advice and counsel for specific advice issues not
involving an ongoing relationship will be billed at the hourly rate of $250; payable when
the service is rendered.

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All fees are subject to negotiation.

Item 7 – Types of Clients
Calder Financial Group provides “investment supervisory services” to a broad range of
investors, both institutional (retirement plans, foundations, endowments) and individuals,
on a discretionary and non-discretionary basis. Some of the types of retirement plans we
provide advisory services for are 401k Profit Sharing Plans, Simple Plans, 403b Plans, and
Defined Benefit Plans. For individuals the type of accounts includes taxable, Traditional
IRA, Roth IRA, SEP IRA, Health Savings Accounts, and trust accounts.