Fischer Investment Strategies LLC

Fees and Compensation
Asset Management:

Fees for Asset Management are computed at an annualized percentage of assets under management.

These fees are for advisory services only and do not include any transaction fees or commissions, which
may be charged separately by the broker/dealer custodial firm. See the section heading Brokerage
Practices for more information.
The maximum annual fee charged for this service will not exceed 1.50%. The fee will be payable
quarterly in arrears. The first payment is assessed and due at the end of the first calendar quarter and
will be assessed pro rata in the event the Agreement is executed at any time other than the first day of the
current calendar quarter. Our firm bills on cash unless indicated otherwise in writing. Subsequent
payments are due and will be assessed on the first day after the end of each calendar quarter based on an
average daily balance of the given quarter.

Payment of fees may be paid direct by the client, or client may authorize the custodian holding client
funds and securities to deduct FIS advisory fees direct from the client account in accordance with
statements prepared and submitted to the custodian by FIS. The custodian will provide periodic account
statements to the client. Such statements will reflect all fee withdrawals by FIS. It is the client’s
responsibility to verify the accuracy of the fee calculation. The custodian will not determine whether the
fee is properly calculated. FIS sends a copy of the invoice to the client at the same time we send the
statement to the custodian.

The maximum annual fee charged to clients utilizing Third Party Managers will not exceed the
maximum fee published above for this service. Our firm will debit fees for this service as disclosed in the
executed advisory agreement between the client and our firm. This fee shall be in addition to any fees
assessed by the chosen third party money manager. The third-party money managers we recommend will
not directly charge you a higher fee than they would have charged without us introducing you to them.
Third party money managers establish and maintain their own separate billing processes over which we
have no control. They will directly bill you and describe how this works in their separate written
disclosure documents.

Retirement Plan Consulting:

We charge a tiered or flat fee for retirement plan consulting services. The total estimated fee, as well as
the ultimate fee that we charge you, is based on the scope and complexity of our engagement with you.
Our fees generally range from $750 to $10,000. This fee is billed quarterly in arrears.

Financial Planning and Consulting:

We charge on an hourly or flat fee basis for financial planning and consulting services. Hourly rates are
$350. Flat fees, based on the scope and complexity of our engagement, generally range from $500 to
$10,000.

A 50% retainer of the estimated hourly fee or of the quoted flat fee is due upon signing the Advisory
Agreement. The balance is due within 30 days of the delivery of the service.

General Fee Disclosures

Fees are generally negotiable. Please refer to your advisory agreement for specifics regarding your fee

arrangement.

Fees are not collected for services to be performed more than six months in advance.

Advisory services similar to those offered by this advisor may be found elsewhere at lower rates.

Mutual funds, closed-end funds and exchange traded funds are investment vehicles and the investment
strategies, objectives and types of securities held by such funds vary widely. In addition to the advisory
fee charged by us, clients indirectly pay for the expenses and advisory fees charged by the funds in which
their assets are invested. All such funds incur operating expenses in connection with the management of
the fund. Investment funds pass some or all of these expenses through to their shareholders (the
individual investors in the funds) in the form of management fees. The management fees charged vary
from fund to fund. In addition, funds may charge shareholders (individual investors in the funds) other
types of fees, such as early redemption or transaction fees. These charges also vary widely among funds.
As a result, clients will still pay management fees and other “indirect” fees and expenses as charged by
each mutual fund (or other fund) in which they are invested. Clients are provided a copy of a fund
prospectus for each fund in which they invest by their custodian or by the fund sponsor. As required by
law, a prospectus represents the fund’s complete disclosure of its management and fee structure. In
addition, a fund’s prospectus can be obtained directly from the fund. Client may terminate the Advisory
Agreement without penalty (no fees due) within 5 days of execution.

Thereafter for Asset Management, services will continue until either party terminates the Agreement on
30 calendar days written notice. If termination occurs prior to the end of a calendar quarter, Client will be
invoiced for fees due on a pro-rata basis.

Thereafter for a Financial Plan, Client may terminate the Agreement at any time and a refund of the
unearned fees will be made based on time and effort expended before termination. The Agreement for the
Financial Plan terminates upon delivery of the Plan. At this time no refunds will be made.

The Advisory Agreement contains a pre-dispute arbitration clause. Client understands that the agreement
to arbitrate does not constitute a waiver of the right to seek a judicial forum where such a waiver would be
void under the federal securities laws. Arbitration is final and binding on the parties.

               Performance-Based Fees and Side-By-Side Management
FIS does not charge performance-based fees, which is based on capital gains in the client account.

                          Types of Clients and Account Minimums
We have the following types of clients:
  • Individuals and High Net Worth Individuals;
...