Consolidated Portfolio Review Corp

Item 5 – FEES AND COMPENSATION

CPR Managed Account Program and VFG Tactical Model Portfolios
CPR’s advisory fees are negotiable and are not based on a share of capital gains or capital
appreciation of the account.
No fee adjustments are made for additional assets deposited into the Account after it is opened or for
partial withdrawals from the Account. No fee adjustments will be made for Account appreciation or
depreciation.
At any specific point in time, depending upon perceived or anticipated market conditions/events
(there being no guarantee that such anticipated market conditions/events will occur), the Advisor may
maintain cash positions for defensive purposes or in part as an asset class within a portfolio. All cash
positions (money markets, etc.) shall be included as part of assets under management for purposes of
calculating the Advisor’s management fee.
CPR offers four different fee structures: 1) Flat annual fee, 2) Flat percentage, 3) Threshold billing,
or 4) Tiered billing. The specific fee structure utilized for your advisory account will be outlined in
the executed CPR Investment Advisory Agreement. Advisory fees are based on the Account assets
under management. The tables below reflect the maximum management CPR permits, refer to the
executed Investment Advisory Agreement for your specific fee.

Threshold Billing
*when account balance meets the next threshold level, the fee reflected is charged on the entire account balance

                                                         Max. Annual
              Account Value
                                                         Advisory Fee
      $0 - $249,999                                         2.75%
      $250,000 - $499,999                                     2.65%
      $500,000 - $999,999                                     2.50%
      $1,000,000 & Up                                         2.40%

Tiered Billing
*Each tier is calculated independently and is not based on entire account balance

                                                          Max. Annual
           Account Value
                                                          Advisory Fee
      $0 - $100,000                                           2.50%
      $100,001 - $250,000                                     2.25%
      $250,001 - $500,000                                     2.00%
      $500,001 - $1,000,000                                   1.75%
      $1,000,001 - $2,000,000                                 1.50%
      $2,000,001 - $5,000,000                                 1.25%
      $5,000,001 - $10,000,000                                1.00%
      $10,000,001 & Up                                        0.75%

Transaction Fees, Advisory Fees, and Payment Terms
Clients are responsible for transaction and service fees, which may vary based on the type of trading
activity and associated platform charges. Transaction fees typically range from $0 to $25 per trade.
Additional fees may be charged by the clearing firm, as detailed in the Clearing/Custodian Fee
Schedule provided at account opening. CPR does not receive any portion of these transaction fees.
The minimum annual management fee is $90.00.
Changes to Advisory Fees
Clients acknowledge and agree that any modifications to the Advisory Fee schedule constitute a new
agreement. Before any changes take effect, an amended Schedule A must be signed and returned by
the client as written acknowledgment of the fee adjustment.
Advisory Fee Collection & Payment Terms
• Automatic Fee Deduction: Advisory fees are generally deducted directly from the client’s
account, provided CPR has received written authorization per the terms of the CPR Investment
Advisory Agreement.
• Account Statements: Clients will receive account statements showing the deduction of advisory
fees by the account custodian.
• Insufficient Funds: If the account lacks sufficient funds to cover advisory fees, CPR has limited
authority to sell or redeem securities as necessary to cover the fee.
Alternative Payment Methods: Under certain conditions and with limitations, clients and their
Advisor Representative may agree to an alternative payment method, such as direct payment by
check to CPR. Under no circumstances should a client make payments directly to the Advisor
Representative or their business name.
Financial Planning/Consulting
Financial Planning/Consulting (Hourly) will be charged as a flat rate per hour, depending upon the
location and experience of the Advisor Representative providing the service. The total amount of
hourly fees will be estimated in the Financial Planning contract the Advisor Representative and client
execute. These fees are charged and billed as agreed upon in the CPR Financial Planning Agreement.
Annual Planning Service ("APS") will include a financial analysis, any updates in the financial
analysis as requested by the client, and consultation services upon the client's request during a one-
year period. The fee for the annual financial planning agreement will be charged as a flat dollar
amount, depending on the work to be done, and is to be paid as agreed upon in the Financial
Planning Agreement. It will not be based upon capital gains or capital appreciation. The annual APS
Fee will be stated to and agreed upon by the client in advance. As with the financial plan, each client
with an annual financial planning service agreement will have five days after signing an agreement
with Advisor to terminate the agreement and under certain circumstances, Advisor will refund all of
the client's initial payment. If a client decided to terminate his agreement with Advisor after the
initial five-day period, the portion of the APS quarterly fee paid in advance which had not actually
been expended in providing annual planning services would be refunded to the client.
Thus, it is possible that if a client sought to terminate the agreement with Advisor after the initial five
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Item 7 – TYPES OF CLIENTS

Advisor currently provides advisory services to:
      Individuals
      High Net Worth Individuals
      Charitable organizations
      Limited Liability Corporations (LLCs)
      Trusts
      Estates
      401(k) Plans
      SEP/PSP Plans
There are no minimum asset or income requirements to be a client.