Integrated Investment Consultants LLC

Item 5. Fees and Compensation

      Integrated offers services for fees, which include fixed fees and fees based upon assets under
      management. Some persons providing investment advice on behalf of our firm are also licensed as
      insurance agents. These persons will earn commission-based compensation for selling insurance
      products. Insurance commissions earned by these persons are separate and will be in addition to our
      advisory fees.

      The receipt of commissions by these individuals presents a conflict of interest as they might have an
      incentive to recommend insurance products to you for the purpose of generating commissions rather
      than based solely on your needs. It is our policy, however, to make investment recommendations to you
      based solely on your best interests. You are under no obligation, contractual or otherwise, to purchase
      insurance products through any person affiliated with our firm.

      Integrated offers investment advice to ERISA and IRA clients. Prior to making recommendations, we
      request all available recent plan statements, Summary Plan Descriptions, plan features and plan
      expenses. We carefully review the clients’ entire financial situation and present them with their options.
      At this presentation we will disclose and discuss current costs to the client and the future costs of any
      recommendations. If a recommendation to establish an advisory relationship in regard to these assets is
      made, then our firm is required to disclose that our fee may be higher than what the client was being
      charged previously. In such a case, we would disclose this conflict and advise the client that they are
      under no obligation to utilize the services being offered.

       Integrated sometimes acts as a subadvisor and receives a sub-advisory fee for certain retirement plans.

      We require that all Investment Adviser Reps disclose all conflicts of interest when such
      recommendations are made.

      Investment Management Fees

      Integrated offers investment management services for an annual fee based on the amount of assets under
      the Firm’s management. Our standard fee is 1% on the first $5,000,000 of assets under management,
      0.50% on the next $10,000,000 of assets under management, and 0.35% on the next $25,000,000 of
      assets under management. The annual fee is prorated and billed quarterly, in advance, based upon the
      market value of the assets being managed by Integrated on the last day of the previous billing period.
      Alternatively, the Firm may negotiate a fixed fee for the services which would be charged similarly.

      If assets are deposited into or withdrawn from an account after the inception of a billing period, the fee
      payable with respect to such assets is adjusted to reflect the interim change in portfolio value. For the
      initial period of an engagement, the fee is calculated on a pro rata basis. In the event the advisory
      agreement is terminated, the fee for the final billing period is prorated through the effective date of the
      termination and the outstanding or unearned portion of the fee is charged or refunded to the client, as
      appropriate.

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 Disclosure Brochure                                                                                     Integrated

      Additionally, Integrated may negotiate a separate rate for asset management services provided with
      respect to certain client holdings (e.g., held-away assets, accommodation accounts, alternative
      investments, etc.).

      Fee Discretion

      Integrated may, in its sole discretion, negotiate to charge a lesser fee based upon certain criteria, such as
      anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be
      managed, related accounts, account composition, pre-existing/legacy client relationship, account
      retention and pro bono activities.
      Additional Fees and Expenses

      In addition to the advisory fees paid to Integrated, clients may also incur certain charges imposed by
      other third parties, such as broker-dealers, custodians, trust companies, banks and other financial
      institutions (collectively “Financial Institutions”). These additional charges include securities brokerage
      commissions, transaction fees, custodial fees, fees charged by the Independent Managers, charges
      imposed directly by a mutual fund or ETF in a client’s account, as disclosed in the fund’s prospectus (e.g.,
      fund management fees and other fund expenses), deferred sales charges, odd-lot differentials, transfer
      taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
      securities transactions. The Firm’s brokerage practices are described at length in Item 12, below.

      Direct Fee Debit

      Clients generally provide Integrated and/or certain Independent Managers with the authority to directly
      debit their accounts for payment of the investment advisory fees. The Financial Institutions that act as
      the qualified custodian for client accounts, from which the Firm retains the authority to directly deduct
      fees, have agreed to send statements to clients not less than quarterly detailing all account transactions,
      including any amounts paid to Integrated. Alternatively, clients may elect to have Integrated send a
      separate invoice for direct payment.

      Account Additions and Withdrawals

      Clients are permitted to make additions to and withdrawals from their account at any time. Additions
      may be in cash or securities provided that the Firm reserves the right to liquidate any transferred
      securities or declines to accept particular securities into a client’s account. Clients may withdraw
...

Item 7. Types of Clients

      Integrated offers services to individuals, pension and profit-sharing plans, trusts, estates, charitable
      organizations, corporations and business entities, and state or municipal government entities.

      Minimum Account Requirements

      Integrated does not impose a stated minimum fee or minimum portfolio value for starting and
      maintaining an investment management relationship. Certain Independent Managers may, however,
      impose more restrictive account requirements and billing practices from the Firm. In these instances,
      Integrated will alter its corresponding account requirements and/or billing practices to accommodate
      those of the Independent Managers. An investment in an alternative investment vehicle may require a
      minimum investment.

      Limitation on Investments in Alternative Investment Vehicles
      If you desire to invest in an alternative investment vehicle, you must meet certain specific requirements
      with regard to your net worth, income and investment amounts. Depending on the fund, you will need
      to qualify as one or more of the following: an “accredited investor” as defined under Regulation D of the
      Securities Act, a “qualified purchaser” as defined under the Investment Company Act of 1940, and/or a
      “qualified client” as defined under the Investment Advisers Act of 1940.
      See Items 4, 5 and 8 for additional information regarding our alternative investment services.

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 Disclosure Brochure                                                                                    Integrated