Cogent Independent Advisors Inc

Item 5: Fees and Compensation
Method of Compensation and Fee Schedule

ASSET MANAGEMENT
Cogent offers asset management services to advisory clients. Fees for these services will be based on a
percentage of assets under management as follows:
    Assets Under Management                  Annual Fee                      Quarterly Fee
     $100,000 - $250,000                       1.50%                           .3750%
     $250,001 - $500,000                       1.25%                           .3125%
    $500,001 - $1,000,000                      1.00%                           .2500%
   $1,000,001- $5,000,000                      0.80%                           .2000%
   $5,000,001 - $10,000,000                    0.65%                           .1625%
       Over $10,000,000                        0.50%                           .0125%

The annual fee may be negotiable. Accounts within the same household will be combined for a
reduced fee unless the client instructs otherwise. Fees are billed quarterly in advance based on the
amount of assets managed as of the last business day of the prior quarter and are charged as a tiered
schedule. The investment advisory fee will be billed directly to the client account held by the
custodian, with an informational copy of the invoice to the client disclosing the amount of the fee, the
value of the client’s assets upon which the fee is based, and the specific way the fee is calculated.
Clients may terminate their account within five(5) business days of signing the investment advisory
agreement for a full refund and without fees or penalty. After five days of signing the agreement,
clients may terminate advisory services with thirty (30) days written notice. The client will be entitled
to a pro rata refund for the days service was not provided in the final quarter. Clients shall be given
thirty (30) days prior written notice of any increase in fees, and the client will acknowledge, in
writing, any agreement of increase in said fees. Cogent does not charge for account opening and set-
up, nor for account terminations.
Advisory fees may be automatically deducted from the account by the custodian or by other means,

such as check or credit card. Clients paying by other means will receive a payment invoice separate
from their fee calculation invoice. When automatically deducting from custodian, Cogent will:
• Provide the client with a quarterly invoice prior to instructing the custodian to deduct the
    fee stating the amount of the fee, the formula used to calculate the fee, the amount of assets
    under management the fee is based on and the time period covered by the fee
• Obtain written authorization signed by the client allowing the fees to be deducted
• The client will receive quarterly statements directly from the custodian which
    disclose the fees deducted
ALTERNATIVE INVESTMENTS
Typically, fees for alternative investments will be charged according to the fee schedule for asset
management services detailed in the beginning of section 5. The annual fee may be negotiable. Any
alternative investment not having at least quarterly access to redeem some or all of the investment
is considered illiquid and may be charged a reduced annual advisory fee of no more than 0.25% of
most recent asset value.
Advisory fees are paid quarterly in advance. The sponsor of the investment may transfer advisory fees
from the client’s private placement account to an account held at a qualified custodian, fees may be
direct debited from a designated client account to facilitate billing, or the client may pay fees separately
via check, credit card, or bank account. The Client must authorize in writing in advance to direct
debiting of their investment account.
Processes in connection with termination and refund as the same as those described above under
the ASSET MANAGEMENT section.
CASH MANAGEMENT
Cogent offers cash management solutions for clients via Flourish Cash, a third-party firm. Cogent does
not charge a fee for this offering.
FINANCIAL PLANNING and CONSULTING

Financial Plan Preparation
FPS are offered based on a fixed fee ranging between $300 -$1,500 charged quarterly in advance for
ongoing financial planning, or ranging from $1,000-$10,000 for one-time financial plans, paid via $450
deposit in advance, with the remainder due upon completion of the plan. Fees depend on complexity
and client needs. These fees may be negotiable. Prior to the planning process the client will be provided
the required plan fee.
Clients may cancel within five (5) business days of signing the financial planning agreement with no fee and
without penalty. If the client cancels after five (5) business days, where the services have not been
completed, any prepaid but unearned fees will be promptly refunded by Cogent. Any other requests for
refunds will be considered on a case-by- case basis at the written request of the client if made within
30 days of termination. Services are completed and delivered within 60days, contingent upon timely
delivery of all required documentation from the client.

Additional Client Fees Charged
Custodians may charge transaction fees and commissions on purchases or sales of certain mutual funds,
equities, and exchange-traded funds. These charges may include Mutual Fund transactions fees,

commissions, postage
and handling and miscellaneous fees (fee levied to recover costs associated with fees assessed by self-
regulatory organizations). Cogent does not receive any portion of the transaction fees or commissions
paid by the client to the custodian.
Cogent, in its sole discretion, may waive its minimum fee and/or charge a lesser investment advisory
fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning
capacity, anticipated future additional assets, dollar amounts of assets to be managed, related
accounts, account composition, negotiations with the clients, etc.).
...

Item 7: Types of Clients
Description
Cogent generally provides investment advice to individuals, pension and profit sharing plans, trusts,
estates, charitable organizations and small businesses

Account Minimums
Cogent requires a minimum relationship size of $100,000 to open an account. Cogent reserves
the right to accept accounts with lesser assets at its discretion.