Investment Consultants LLC

Item 5   Fees and Compensation

Fees and Compensation (for Part 2A of Form ADV: Firm Brochure -- Investment Consultants LLC (IC
LLC)):

IC LLC typically structures the ongoing fees for the its advisory services as a percentage of the assets in the client's asset
pool. The fees typically range between 0.40% and 0.80% (annualized), are on-going in term and they are negotiable
based on the scope of services and portfolio asset size. Typically, IC LLC structures the asset-based fees on a sliding
scale -- that is, as the assets increase to various levels, the incremental assets have a lower quarterly fee associated with
them. There is no general fee schedule because of the personalized scope of individual clients' needs and associated IC
LLC servicesthat they utilize. The fees are usually paid quarterly (near the beginning of the quarter for that quarter's
services) and can be cancelled with a 90-day written notice. IC LLC invoices clients directly and does not deduct fees
from clients' assets. IC LLC's agreement provides for a five-day period after signing in which to cancel without a
penalty. The agreement also calls for a pro rata refund of previously paid fees for services scheduled to have been
delivered after the end of the cancellation period. [Example -- a client's cancellation is effective two months into the
current quarter. The client has already paid for the services for the quarter. In this case the client would be refunded
1/3 of the current quarter's fee.] Some clients who utilize only a subset of IC LLC's normal "full services" are fixed fee
(versus having an asset-based fee structure), which is agreed upon/negotiated with the specific client.

Sometimes for non-retirement-plan clients there is an upfront, one-time fee of between $5,000 and $10,000. This is
negotiable and its level is dependent upon the anticipated amount of work to be completed upfront in a new
relationship.

Clients do not pay Investment Consultants LLC for custodial fees, brokerage fees, or transaction costs. If a client
invests in mutual funds the mutual funds deduct their expense ratio fees out of the funds, but Investment Consultants
LLC does not receive this fee from the mutual fund. IC LLC does not collect mutual funds' fees, nor does IC LLC receive
compensation from mutual funds.

IC LLC primarily recommends mutual funds (and almost solely "no load" mutual funds). If a client were to choose a
"load" mutual fund in which to invest, IC LLC would not receive any fees associated with the load.

IC LLC does not accept compensation for the sale of securities or other investment products. Clients have the option to
purchase investment products that IC LLC recommends through brokers or agents not affiliated with IC LLC. (See Item

Item 7      Types of Clients

Types of Clients (for Part 2A of Form ADV: Firm Brochure -- Investment Consultants LLC (IC LLC)):