J Mark Nickell & Co

Item 5 - Fees & Compensation
                        INVESTMENT SUPERVISORY SERVICES FEES
The annualized fee for Investment Supervisory Services is charged as a percentage of assets under
management, according to the following schedule:

                             Assets Under Management          Annual Fee
                              Up to $1,000,000                      1.00%
                              The next $2,000,000                   0.80%
                              The next $2,000,000                   0.70%
                              The amount over $5,000,000            0.60%
The firm does not receive any commissions or fees for the sale of products.

A minimum fee of $10,000 per annum is required for this service, and the minimum portfolio value for
new client relationships is $1,000,000. J. Mark Nickell & Co. may group certain related client accounts
for the purpose of achieving the minimum portfolio value and determining the annualized fee. J. Mark
Nickell & Co. reserves the right in its sole discretion to waive the minimum fee.

J. Mark Nickell & Co.'s advisory fees are not negotiable on an account-by-account, client-by-client
basis. Firm employees (including former employees) and their family members may be charged rates
lower than those stated above, at the sole discretion of J. Mark Nickell & Co.

Fees are payable quarterly, in advance, and are calculated based on the value of assets under
management on the last day of the previous quarter. If management begins after the start of a quarter,
fees will be prorated accordingly. The market value of all assets used for the calculation of J. Mark
Nickell & Co.’s advisory fees is received from the custodian. However, there may be times when the
valuation used to calculate fees differs from the market valuations provided in the custodian statement
due to timing of corporate actions, accrued interest, and trade settlements. If material additions and/or
withdrawals occur during a quarter (i.e., plus or minus 10% of account value), additional fees may be
payable or refundable. With client authorization, and unless other arrangements are made, fees will be
deducted from clients' investment accounts.

                                  FINANCIAL PLANNING FEES
We provide Financial Planning advice as an integral component of Discretionary Investment
Supervisory Services. Ordinarily, we do not charge a separate fee for these services for clients.

However, when the scope or complexity of financial planning services is beyond that of a prototypical
client engagement (whether due to extraordinary circumstances and/or client request) additional
financial planning fees may apply. In such circumstances, fees are calculated and charged on an hourly
basis, ranging from $300 to $450 per hour. Alternatively, if fees can be reasonably estimated in
advance, a fixed fee may be proposed.

                                    GENERAL INFORMATION
Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either
party, for any reason upon receipt of 30 days written notice. Upon termination of any account, any
prepaid, unearned fees will be promptly refunded. In calculating a client's reimbursement, we will
prorate the reimbursement according to the number of calendar days remaining in the billing period.

ETF and Mutual Fund Fees: All fees paid to J. Mark Nickell & Co. for investment advisory services
are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their
shareholders. These fees and expenses are described in each fund's prospectus. These fees will
generally include a management fee, other fund expenses, and a possible distribution fee. J. Mark
Nickell & Co. does not invest in funds that impose sales charges. A client could invest in a mutual fund
or ETF directly, without our services. In that case, the client would not receive the services provided by
our firm which are designed, among other things, to assist the client in determining which mutual fund
or funds are most appropriate to each client's financial condition and objectives. Accordingly, the client
should review both the fees charged by the funds and our fees to fully understand the total amount of
fees to be paid by the client and, thereby, to evaluate the advisory services being provided.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees
and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any
transaction charges imposed by a broker dealer with which the independent investment manager effects
transactions for the client's account(s). Transaction charges at Charles Schwab & Co. can be partially
minimized by electing to receive electronic statements and confirmations. Please refer to Item 12 -
Brokerage Practices of this Form ADV for additional information.

Grandfathering of Minimum Account Requirements: Current advisory clients are subject to J. Mark
Nickell & Co.'s minimum account requirements and advisory fees in effect at the time the client
entered into the advisory relationship. Therefore, J. Mark Nickell & Co. has client relationships that
pre-date the current annual fee schedule referenced above and some clients’ annual fee for investment
management services will differ from the schedule outlined above.

Advisory Fees in General: Clients should note that similar advisory services may be available from
other investment advisers for similar or lower fees.

Item 7 - Types of Clients
J. Mark Nickell & Co. provides advisory services to the following types of clients:
   •   Individuals (other than high net worth individuals)
   •   High net worth individuals (i.e., $1.1 million of investable assets or $2.1 million net worth)
   •   Corporations or other businesses
   •   Other (i.e., trusts and similar entities)
As previously disclosed in Item 5 – Fees and Compensation, our firm has established certain
minimum annual fees and initial minimum account requirements, based on the nature of the services
being provided. For a more detailed understanding of those requirements, please review the disclosures
provided in each applicable service.