DMKC Advisory Services LLC

Item 5 – Fees and Compensation
Fees for Atlas
The maximum annual advisory fee charged for the Atlas program shall not exceed 1.50% and is
negotiated with you. The actual fee charged to you is determined prior to establishing an Atlas program
account and stated in your agreement or addendum to the agreement. The exact fee is based on your
amount of assets under management, overall investment objective (asset allocation), discretionary versus
non-discretionary trading authorization, and the complexity of the client’s overall financial situation. You
are charged fees based on the total assets under management in your household on a tiered fee
schedule. There is a $500,000 minimum account size and a minimum annual fee of $1,000.

Fees for Anchor
The maximum annual advisory fee charged for Anchor shall not exceed 1.50% and in some cases is
negotiated with you. The actual fee charged to you is determined prior to establishing an Anchor account
and stated in your agreement or addendum to the agreement. The exact fee is based on your amount of
assets under management, overall investment objective (asset allocation), discretionary versus non-
discretionary trading authorization, and the complexity of the client’s overall financial situation. You are
charged fees based on the total assets under management in your household on a tiered fee schedule.
There is a $50,000 minimum account size and a minimum annual fee of $200.

Fees for separately managed investment strategies
The maximum annual advisory fee charged for separately managed investment strategies shall not
exceed 1.50% and is negotiated with you. The actual fee charged to you is determined prior to
establishing an account and stated in your agreement or addendum to the agreement. The exact fee is
based on your amount of assets under management, overall investment objective (asset allocation),
discretionary versus non-discretionary trading authorization, and the complexity of the client’s overall
financial situation. You are charged fees based on the total assets under management in your household
on a tiered fee schedule. There is a $150,000 minimum account size and a minimum annual fee of
$1,000.

General Information
Fees for Atlas, Anchor, and separately managed investment strategies are payable quarterly in advance,
directly deducted as described above, within 30 days following the end of the quarter fees are incurred.
Fees for the initial quarter will be adjusted pro-rata based on the number of calendar days in the calendar
quarter in which the Agreement goes into effect. Fees are calculated by multiplying the assets under
management by the relevant percent and then multiplying by the actual number of days in the calendar
quarter divided by 365. Accounts opened mid-quarter will be assessed at a pro-rated management fee
using the same actual/365 day count convention. For additional deposits or withdrawals made mid-
quarter in excess of $100,000, an interim fee or refund will occur using the same calculation methodology
previously outlined. All fees and minimums can be waived or negotiated in certain circumstances.

Fees charged for Atlas, Anchor, and separately managed investment strategies cover only investment
advisory services provided by our firm and do not include the brokerage services and custody fees

provided by D.M. Kelly & Company and Wells Fargo Clearing Services, LLC. You must authorize Wells
Fargo Clearing Services, LLC to pay the advisory fee due to us directly from the designated accounts.

Fees are calculated on an incremental basis and are subject to change with 30 days written notice.
Notwithstanding the above, certain of our clients with preexisting relationships may initially be charged
fees, which are less than the afore-stated fees. With regard to employee related accounts and certain
other accounts, the quarterly fees may be less.

Our agreement may be terminated by either party upon notice. You are entitled to a pro rata refund of
any pre-paid quarterly fee, based on the number of days remaining in the quarter after notice of
termination.

In addition, clients may incur certain charges imposed by third parties other than us in connection with
investments made through the account, including but not limited to, mutual fund sales loads, 12b-1 fees
and surrender charges, IRA and qualified retirement plan fees. Advisory fees charged by us are separate
and distinct from the fees and expenses charged by mutual funds that may be recommended to clients.
A description of these fees and expenses are available in each mutual fund’s prospectus.

D.M. Kelly & Company may receive compensation in addition to advisory program fees. Mutual fund
products utilized in advisory models do not pay distribution charges sometimes referred to as 12b-1 fees.
The process is to refund 12b-1 fees; however, assets that transfer into the advisory programs for
liquidation may on occasion pay 12b-1 fees and D.M. Kelly & Company may retain that nominal 12b-1
fee.

It should be noted you have the option to purchase many of the investment products that we recommend
through other brokers or agents that are not affiliated with us. The advisory fee established by our Firm
effective June 30, 2017 will no longer allow our Advisors to receive any fee directly from mutual fund(s) in
their separate capacities as registered representatives of D.M. Kelly & Company.

Financial Planning Services
The fee usually ranges between $250 to $5,000, depending on the complexity of your financial situation
and your requirements. The fee is determined when we enter into the financial planning agreement with
you and is payable at the time of presentation of the financial plan. For this fee, we gather the necessary
information from you and then prepare, present, and explain to you the financial plan we developed.

When you desire to us on an hourly fee basis for either advisory or financial planning services, we charge
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Item 7 – Types of Clients
We provide investment advice to individuals, high-net worth individuals, corporations, businesses, and
charitable organizations. The minimum initial investment is generally $500,000 for Atlas and a $1,000

annual minimum fee, for Anchor it is a minimum initial investment of $50,000 and a $200 annual minimum
fee, and for separately managed investment strategies it is a minimum initial investment of $150,000 and
a $1,000 annual minimum fee. All fees and minimums can be waived or negotiated in certain
circumstances.