Item 5. Fees and Compensation
Individual Investor Investment Advisory Services (Wealth Management Clients)
Portfolio Management Services. Detalus’ annual fee for its portfolio management services is based upon a
percentage of assets under management, according to the following schedule:
Market Value of Portfolio Annual Fee
Up to $499,999 1.25%
$500,000 - $1,999,999 1.00%
$2,000,000 - $3,999,999 0.75%
$4,000,000 - $6,999,999 0.65%
$7,000,000 - $9,999,999 0.50%
$10,000,000 - $14,999,999 0.45%
$15,000,000 - $19,999,999 0.40%
$20,000,000 and above 0.35%
Detalus’ fee is based on portfolio size and includes investment advice, overall asset allocation, portfolio
management, and reporting related to the portfolio. Mutual funds and ETFs in which the portfolio invests will
charge fees and bear expenses as set forth in the respective prospectus. Executing brokers typically charge
commissions to execute trades in a client’s accounts.
Variable Annuities-Advisory Services. Detalus typically charges an annual asset-based fee of 0.50% to 1.00%
for services with respect to variable annuities. Detalus’ fee includes monitoring the variable annuity investment
and recommending allocations to the client. Variable annuities are subject to various fees assessed by the
insurance company and the managers of the underlying annuity subaccounts, which are in addition to Detalus’
management fee. Under most circumstances, the terms of the client’s variable annuity investment will not permit
Detalus to deduct its advisory fee directly from the variable annuity account. In these cases, Detalus will arrange
with the client to have the fee deducted from another client account or to have the client pay the fee directly to
Detalus.
ERISA Plan Advisory Services. Detalus’ fee for its advisory services provided to ERISA plans may be based
upon a percentage of assets under management or may be a flat fee. ERISA plans may be billed in advance or
in arrears, and fees may be charged directly to the participants or to the company itself. The range of fees is
typically up to 0.75% annually, and Adviser retains the discretion to negotiate fees on a plan-by-plan basis.
Financial Planning Services. Detalus’ fee, if any, for financial planning services is based upon a variety of
factors, including the complexity of the relationship and whether the client maintains assets under management
with Detalus. Financial planning fees may be billed in advance or in arrears, and fees may be charged directly
by Detalus or through a third-party financial planning software provider, if utilized. Any fees charged by Detalus
or a third-party provider would be documented in respective Agreements.
General Fee Information
Although Detalus has established the fee schedules above, Detalus retains the discretion to negotiate fees on
a client-by-client basis. Client facts, circumstances, and needs are considered in determining the appropriate
fees. These include, among other things, the complexity of the client assets to be placed under management,
anticipated future additional assets, related accounts, portfolio style, account composition, and required reports.
The annual fee schedule applicable to each client is identified in the Investment Advisory Agreement between
Detalus and the client (the “Advisory Agreement”).
Unless otherwise mutually agreed upon, Detalus’ advisory fees are billed quarterly in advance, at the beginning
of each calendar quarter 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. Any account contributions and/or withdrawals exceeding
6 Form ADV Brochure 2026
$25,000 throughout the prior quarter will also be billed or reimbursed to the client’s account. Fees will be debited
from clients’ accounts in accordance with the client’s authorization in the Advisory Agreement.
Termination of the Advisory Relationship. An Advisory Agreement may be canceled by either party, for any
reason, upon written notice (generally with 30 days advanced notice). Please see your Advisory Agreement for
any advanced notice requirements that may apply. Upon termination of any client’s account, any prepaid,
unearned fees will be promptly refunded by Detalus. When calculating a client’s reimbursement, Detalus will
prorate fees owed through the effective date of termination.
Fees of Other Investment Companies. All fees paid to Detalus for investment advisory services are
separate and distinct from the fees and expenses charged by mutual funds, closed-end funds and ETFs in which
a client’s assets may be invested. These fees and expenses are described in each fund’s prospectus. These
fees will generally include a management fee, other fund expenses, and a possible distribution (12b-1) fee.
Certain mutual funds may also charge initial or deferred sales charges. Clients should review both the fees
charged by the funds in which the client’s assets are invested and Detalus’ advisory fees to fully understand the
total amount of fees paid in connection with the advisory services Detalus provides.
Brokerage, Transaction and other Additional Fees and Expenses. In addition to Detalus’ advisory fees,
clients are also responsible for the fees and expenses charged by custodians and securities transaction fees,
IRA custodial fees, and ticket and/or transaction and clearing charges imposed by broker-dealers. Please see