Collaborative Portfolio Management LLC

Item 5 – Fees and Compensation
Portfolio Management

The annual fee for portfolio management services will generally be charged as a percentage
of assets under management, according to the following schedule:

  Assets Under Management           Annual Fee (%)

 $0            to     $500,000           1.50%
 $500,001      to     $1,000,000         1.25%
 $1,000,001    to     $3,000,000         1.00%

Amounts over           $3,000,000     Negotiable

Clients on the Fidelity platform will generally be charged monthly in advance at the
beginning of each month based upon the value (market value or fair market value, in the

absence of market value) of the client's account at the end of the previous month. Fees are
generally deducted from a client’s account, although clients may elect to be billed directly.
Fees may be negotiable in certain circumstances.

Consulting

Fees for specific administrative and consulting services will be billed one or both of the
following ways, upon mutual agreement with the client:

a) Hourly Fees: On an hourly basis, ranging from $50 to $250 per hour, depending on the
nature and complexity of each client's circumstances. An estimate for total hours will be
determined at the start of the advisory relationship. Hourly fees will be due and payable as
earned (except as provided below with regards to "retainer" arrangements); and/or

b) Fixed Fees: As a fixed fee, typically ranging from $1,000 to $15,000, depending on the
nature and complexity of each client's circumstances. Fixed fees will be due and payable
upon completion of the consulting service (except for "retainer" arrangements).

 c) On-going Planning and Consulting: Depending upon the nature and complexity of the
client, there is an initial one-time fee and then an on-going quarterly fee charged for these
services. Annual fee typically ranges from $1,000 to $5,000.

Up to 50% of the estimated fee may be due upon signing the advisory agreement, with the
balance due upon completion of the consulting service. However, it is CPM's policy not to
hold client funds greater than $500 for more than six months in advance of completion of
the consulting service.

Participant Level 401(K) Advice and Monitoring

The annual fee for 401(K) advice and monitoring services will be generally charged as a
percentage of assets under review, according to the following schedule:

Assets Under Review                         Annual Fee (%)

Amounts up to $1,000,000                    1.00% with $2,500 minimum fee*
Amounts over $1,000,000                     Negotiable

*Under certain circumstances, these clients may be charged a fixed fee of $2,500 on assets
amounts under review up to $250,000. CPM will take steps to ensure that if the client is
charged a $2,500 minimum fee; said fee will not result in a fee that is greater than 3.00% of

the client's assets under review.

Clients will generally be invoiced in advance at the beginning of each month based upon the
value (market value or fair market value in the absence of market value), of the client's
account at the end of the previous quarter. Fees are generally billed directly to the client.

General Information on Fees and Service

A client agreement may be canceled at any time, by either party, for any reason upon
receipt of 30 days prior written notice. No fee adjustments will be made for partial
withdrawals or for Account appreciation or depreciation within a billing period. No pro rata
refund of fees charged will be made if the Account is closed within a billing period as the
Adviser will impose no start-up, closing, or penalty fees in connection with the Account.

All fees paid to CPM for investment management and investment advisory services are
separate and distinct from the fees and expenses charged by mutual funds or ETFs to their
shareholders. These fees and expenses are described in each securities’ prospectus.
Additional fees may be charged by the Custodian as set forth in the Custodian’s fees
schedule.

If an advisory client executes securities transactions or insurance product transactions
through associated persons of CPM in their separate capacities as registered
representatives of a broker‐dealer and/or licensed insurance agents, these individuals may
earn commissions which are separate and distinct from fees charged for CPM's advisory
services. In some instances, depending on the size of the transaction, advisory fees may be
discounted, at CPM's discretion, taking into account commissions earned.

Item 7 – Types of Clients

CPM generally works with individuals and families, but also has businesses, trusts, estates
and charitable organizations as clients.

CPM requires a minimum account of $100,000 for portfolio management services clients;

however, this may be negotiable under certain circumstances including type of account.