Disciplined Portfolio Solutions LLC

Item 5: Fees and Compensation

A. Fee Schedule

Investment Supervisory Services Fees

          Total Assets Under Management                   Annual Fee

                   First $1 Million                         0.75%

                  Next $2 Million                           0.65%

                 Additional Assets                          0.50%

These fees are negotiable depending upon the needs of the client and complexity of the
situation, and the final fee schedule is attached as Exhibit II of the Investment Advisory
Contract. Fees are paid quarterly in advance, and clients may terminate their contracts
with thirty days’ written notice. Refunds are given on a prorated basis, based on the
number of days remaining in a quarter at the point of termination.

Fees will be calculated on a blended tier schedule. For example, a $2,000,000 account fee
would be calculated quarterly as follows: ($1,000,000 x 0.75%) + ($1,000,000 x 0.65%) =
($7,500 + $6,500) / 4 = $3,500 per quarter. The use of a blended fee schedule represents a
conflict of interest for DPS in that the blended fee schedule results in higher fees for DPS
than are collected by advisors who use a breakpoint schedule for the same or similar
services. Fees that are charged through a blended fee schedule result in additional revenue
for the adviser as the value of the account increases. Although new money or increases in
the account’s values may be managed at lower rates, the total values of assets in the earlier
tiers continue to be managed at their initial higher rates. Higher asset under management
fees have an adverse effect on client returns and client portfolios over time.

Fees that are collected in advance will be refunded based on the prorated amount of work
completed up to the day of termination within the quarter terminated. The fee refunded
will be the balance of the fees collected in advance minus the daily rate* times the number
of days in the quarter up to and including the day of termination. (*The daily rate is
calculated by dividing the quarterly AUM fee by the number of days in the termination
quarter). Clients may terminate their contracts without penalty, for full refund, within 5
business days of signing the advisory contract. Advisory fees are withdrawn directly from
the client’s accounts with client written authorization.

Financial Planning Fees

DPS does not charge fees for financial planning services. This service is provided as a
compliment to existing advisory services.

       B. Payment of Fees

       Payment of Investment Supervisory Fees

       Advisory fees are withdrawn directly from the client’s accounts with client written
       authorization. Fees are paid quarterly in advance.

       Payment of Financial Planning Fees

       DPS does not charge fees for financial planning services. This service is provided as a
       compliment to existing advisory services.

       C. Clients Are Responsible For Third Party Fees

       Clients are responsible for the payment of all third party fees (i.e. custodian fees,
       brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
       distinct from the fees and expenses charged by DPS. Please see Item 12 of this brochure
       regarding broker/custodian.

       D. Prepayment of Fees

       DPS collects fees in advance. Fees that are collected in advance will be refunded based on
       the prorated amount of work completed at the point of termination and the total days
       during the billing period. Fees will be deposited back into client’s account within fourteen
       days.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither DPS nor its supervised persons accept any compensation for the sale of securities
       or other investment products, including asset-based sales charges or services fees from
       the sale of mutual funds.

Item 7: Types of Clients

DPS generally provides management supervisory services to the following types of clients:

          ❖ Individuals
          ❖ High-Net-Worth Individuals
          ❖ Pension and Profit Sharing Plans
          ❖ Corporations or Business Entities

Minimum Account Size

There is no account minimum.