Chicago Investment Advisory Council Inc

Item 5: Fees and Compensation
Asset-Based Fees
We may charge you an annual asset-based fee which is calculated as a percentage of the market value of the assets
you place under our management. These fees typically vary between 1.00% to 2.00% per year for discretionary
accounts and 0.50% - 1.50% per year on non-discretionary accounts. Unless otherwise agreed, the selected annual

                                CHICAGO INVESTMENT ADVISORY COUNCIL, INC.
                                   FORM ADV PART 2A – FIRM BROCHURE
fee rate typically applies across the entire value of the client’s account managed by our firm. Asset-based fees typically
apply to engagements for AAMP Program and retirement consulting services. The specific annual fee rate to be applied
to your engagement will be described in the written investment advisory agreement entered into between you and
CIAS. Investment advisory fees charged by us are negotiable at our sole discretion. All clients do not pay the same fee
and may pay fees at rates that are materially different than those reflected above. We may, at our sole discretion,
negotiate with a prospective client and charge a lower fee. Lower fees for a comparable services may be available from
other sources.

The annual fee for our services is billed quarterly in arrears, based on the market value of your account at the end of
the previous quarter. We will rely upon the market valuation of your assets (which shall include cash balances held
within your account) as independently determined by your custodian for purposes of calculating our fees. Fees are
prorated for partial billing periods at the beginning or at the termination of our relationship based on the number of days
services are provided. Fees may be further adjusted on a prorated basis for mid-period deposits and withdrawals from
your account. Clients should note that some or all of the investments in their account may be intended as long-term
investments, and withdrawals of cash and premature liquidations of securities positions may impair the achievement
of their investment objectives.

Asset-based fees are typically deducted directly from your account held at the qualified custodian. We will only directly
deduct our fees from your account where you provide us and your qualified account custodian with written authorization
to do so. In limited circumstances, we may agree to traditional paper billing arrangement. In these circumstances, we
will send you a paper or electronic invoice for our fees and all fees are due and payable to us within ten (10) days of
the date shown on our invoice. We may accept payment from you in the form of a check, money order, or wire transfer.

Your account custodian (typically Schwab) will deliver an account statement to you at least quarterly, showing all
disbursements from your account, including the amount of any advisory fees paid directly to us from your account, if
any. We urge you to review your account statements promptly and carefully upon receipt to verify the accuracy of the
fee calculation, as your account custodian will not verify whether our fee has been properly calculated. Please see Item

Item 7: Types of Clients
CIAC offers advisory services to individuals, high net worth individuals, corporations or other businesses entities, trusts,
charitable organizations, estates, pension and profit-sharing plans. CIAC does not require a minimum account size for
any investment advisory service.

                                CHICAGO INVESTMENT ADVISORY COUNCIL, INC.
                                   FORM ADV PART 2A – FIRM BROCHURE