Independent Family Office LLC

Item 5: Fees and Compensation

Compensation
IFO provides advice to its Clients in numerous areas regarding their financial planning. In
addition, IFO provides income tax preparation and bill paying services to its Clients. Periodic
reports are issued, including, but not limited to, Statements of Net Worth, Cash Flow
Projections, Estate Plan Flowcharts, and Income Tax Projections. Fees are charged on an
annual fixed retainer basis, at an annual fixed fee of up to $1,149,105 needs to be updated
billed quarterly in advance. Fees may also be negotiated to a fixed fee. Clients may terminate
advisory services at any time, without penalty, by written notice.

Where appropriate, IFO will also provide investment supervisory services. Fees for investment
supervisory services are based on assets under management, at an annual rate ranging
between 0.20% to 0.75%, billed quarterly in arrears. All Client accounts managed by IFO are
maintained with an independent custodian. Such custodian provides account statements directly
to Clients monthly.

Clients may terminate advisory services upon 30 days advance written notice, without penalty.
The Client will incur charges for bona fide advisory services rendered to the point of termination
and such fees will be due and payable by the Client. The Advisor will refund any unearned,
prepaid investment advisory fees from the effective date of termination to the end of the quarter.

General Information or Compensation and Other Fees
In certain circumstances, fees, account minimums and payment terms are negotiable depending
on Client’s unique situation – such as the size of the aggregate related party portfolio size,
family holdings, low cost basis securities, or certain passively advised investments and pre-
existing relationships with Clients. Certain Clients may pay more or less than others depending
on the amount of assets, type of portfolio, or the time involved, the degree of responsibility
assumed, complexity of the engagement, special skills needed to solve problems, the
application of experience and knowledge of the Client’s situation.
IFO’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses which shall be incurred by the Client. Clients may incur certain charges imposed
by custodians, brokers, third-party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
 6         Independent Family Office, LLC
           http://www.ifollc.com

securities transactions. The Firm’s recommended Custodian does not charge securities
transaction fees for ETF and equity trades in Client accounts, but may charge for mutual funds
and other types of investments.

Mutual funds and exchange traded funds also charge management fees, other expenses and a
possible distribution charge, which are disclosed in a fund’s prospectus. These fees will
generally include a management fee, other expenses, and a possible distribution fee. If the fund
also imposes sales charges, a Client may pay an initial or deferred sales charge. Such charges,
fees and commissions are exclusive of and in addition to IFO’s fee, and IFO will not receive any
portion of these commissions, fees, and costs.

A Client could invest in a mutual fund or sub-account directly, without the services of IFO. In that
case, the Client would not receive the services provided by IFO which are designed, among
other things, to assist the Client in determining which mutual funds or sub-accounts are most
appropriate to each Client’s financial condition and objectives. Accordingly, the Client should
review both the fees charged by the funds/sub-accounts and the fees charged by IFO to fully
understand the total amount of fees to be paid by the Client and to thereby evaluate the
advisory services being provided.

Clients should note that similar advisory services may (or may not) be available from other
registered investment advisers for similar or lower fees.

Types of Clients
As described in Item 4, IFO‘s Clients include high net worth individuals, their families, their
related entities and certain charitable entities. The amount of each type of Client is available on
the Advisor's Form ADV Part 1A. These amounts may change over time and are updated at
least annually by the Advisor.

Account Minimums
IFO does not require a minimum account for investment supervisory services.

 7         Independent Family Office, LLC
           http://www.ifollc.com