IBEX Wealth Advisors LLC

Item 5           Fees and Compensation

   A.

                                INVESTMENT MANAGEMENT SERVICES
         The Registrant provides discretionary investment advisory services on a fee basis, the
         Registrant’s annual investment advisory fee is negotiable up to 1.60% of the total assets,
         including cash and cash equivalents, placed under the Registrant’s management/services
         and are based upon various objective and subjective factors. These factors include, but are
         not limited to, the amount of the assets placed under the Registrant’s management, the
         level and scope of the overall investment advisory services to be rendered and the
         complexity of the engagement. The services provided by the Registrant to any particular
         client could be available from other advisers at lower fees. All clients and prospective
         clients should be guided accordingly.

                 FINANCIAL PLANNING     AND   CONSULTING SERVICES (STAND-ALONE)
     Registrant’s planning and consulting fees are negotiable ranging from $2,000 to $15,000
     on a fixed fee basis, and from $150 to $300 on an hourly rate basis, depending upon the
     level and scope of the service(s) required and the professional(s) rendering the service(s).

                              RETIREMENT PLAN CONSULTING SERVICES
     The terms and conditions of the Registrant’s retirement plan consulting services are set
     forth in a Retirement Plan Consulting Agreement between the Registrant and the plan
     sponsor. Registrant’s retirement plan consulting fees vary based upon the value of the assets
     in the plan, the complexity of the engagement, and the level and scope of the overall
     services to be rendered.

B.   Clients may elect to have the Registrant’s advisory fees deducted from their custodial
     account. Both Registrant's Investment Advisory Agreement and the custodial/clearing
     agreement authorize the custodian to debit the account for the amount of the Registrant's
     investment advisory fee and to directly remit that management fee to the Registrant in
     compliance with regulatory procedures. In the limited event that the Registrant bills the
     client directly, payment is due upon receipt of the Registrant’s invoice.

C.   As discussed below, unless the client directs otherwise or an individual client’s
     circumstances require, the Registrant recommends that LPL serve as the broker-
     dealer/custodian for client investment management assets. LPL charges brokerage
     commissions and/or transaction fees for effecting certain securities transactions.

     In addition to Registrant’s investment management fee, and/or transaction fees, clients will
     also incur, relative to all mutual fund and exchange traded fund purchases, charges imposed
     at the fund level (e.g. management fees and other fund expenses). Furthermore, the No
     Transaction Fee funds available through LPL’s Full Participating Funds List, will generate
     12b-1 compensation for LPL. See Item 5.E for more information.

D.   Registrant's annual investment advisory fee are prorated and paid quarterly, in advance
     based on the value of the assets under management on the last business day of the previous
     quarter The Registrant shall adjust its quarterly advisory fee on a prorated basis for inflows
     and outflows during the prior billing period.

     The Investment Advisory Agreement between the Registrant and the client will continue in effect
     until terminated by either party by written notice in accordance with the terms of the Investment
     Advisory Agreement. Upon termination, the Registrant shall refund the pro-rated portion of the
     advisory fee paid in advance based upon the number of days remaining in the billing quarter.

   E.    Securities Commission Transactions. Clients who engage Registrant’s representatives, in
         their individual capacities, as registered representatives of LPL, a FINRA member broker-
         dealer, to implement investment recommendations are charged a commission on those
         transactions. In the event the client chooses to purchase investment products through LPL,
         LPL charges brokerage commissions to effect securities transactions, a portion of which
         commissions LPL pays to Registrant’s representatives, as applicable. The brokerage
         commissions charged by LPL may be higher or lower than those charged by other broker-
         dealers. In addition, LPL, relative to commission mutual fund purchases, receives additional
         ongoing 12b-1 trailing commission compensation directly from the mutual fund company
         during the period that the client maintains the mutual fund investment. Registrant and
         Registrant’s representatives do not receive 12b-1 commissions.
             1. Conflict of Interest: The recommendation that a client purchase a commission
                product from LPL presents a conflict of interest, as the receipt of commissions may
                provide an incentive to recommend investment products based on commissions to
                be received, rather than on a particular client’s need. No client is under any
                obligation to purchase any commission products from Registrant’s representatives.

             2. Clients may purchase investment products recommended by Registrant through
                other, non-affiliated broker dealers or agents.

             3. When Registrant’s representatives sell an investment product on a commission
                basis, the Registrant does not charge an advisory fee in addition to the commissions
                paid by the client for such product. When providing services on an advisory fee
                basis, the Registrant’s representatives do not also receive commission
                compensation for such advisory services. However, a client may engage the
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Item 7           Types of Clients

         The Registrant’s clients include individuals, business entities, trusts, estates, pension and
         profit sharing plans not including the plan participants or government pension plans and
         charitable organizations.