JE Simmons & Co PC

ITEM 5. FEES AND COMPENSATION
INVESTMENT MANAGEMENT SERVICES
Our annual fee for investment management ervices is based upon a percentage of assets under
management. Our standard fee is 1.00% (100 bps). Fees and minimum account size may be negotiable on
a client-by-client basis depending on a number of factors, including, but not limited to, the type and nature
of services to be provided, the amount of assets to be managed, or anticipated future additional assets and
accounts. The specific annual fee schedule is identified in the investment management agreement between
us. Your fee structure will never change from that contained in your investment management agreement
with us unless agreed to in writing by you and made a part of your investment management agreement.
There will be no retroactive increase in the minimum account size required for a specific investment.
Generally, your fee will be calculated on a quarterly basis in arrears. To calculate the fee, we take the
value of all assets in your portfolio as of the last day of the preceding quarter. That amount is then
multiplied by the fee percentage which results in an annualized fee. The annualized fee is then divided by
four to arrive at the quarterly fee you will be charged.
The sample calculation of an investment management fee is as follows:

                     Assets Under Management as of 12/31           =        $1,000,000
                     Annual Fee Percentage                         =                1%
                     Annualized Fee Amount                         =        $   10,000
                     Quarterly Fee (1/4 of Annual Fee)             =        $     2,500

In the event our investment management agreement with you begins at any time other than the first day
of a calendar quarter, the fee for the initial period will be pro-rated based on the number of days in the
quarter that the investment management agreement is effective at the end of the quarter.
If this investment management agreement is terminated for any reason by either of us, the fee shall be pro-
rated for any portion of a quarter that the portfolio is being managed by us. This prorated period would
include any notice required to be given in accordance with your investment management agreement.
The fee that you are being charged by us for the investment management of your assets is exclusive of,
and in addition to, brokerage commissions, transaction fees, custodial fees, and any other related costs and
expenses. We do not receive any portion of these commissions, fees, or other costs and expenses.
We may use sub-advisors to manage all or a portion of your assets. The sub-advisor will charge our Firm
a fee for managing those assets; however, the only fee you will pay us is the fee outlined in your investment
management agreement with us.
A portion or all of your assets that we or a sub-advisor manage may be invested in mutual funds or
exchange-traded funds. Each fund may charge an annual internal management fee as outlined in the fund’s
prospectus. This management fee is deducted directly from the account balance you have invested in that
specific fund. In addition, when invested in a mutual fund or exchange-traded fund, you will indirectly
bear your pro rata share of fees, expenses, and charges described in the corresponding fund’s prospectus.
Such fees, expenses, and charges may include, but are not limited to, investment management fees,
shareholder service fees, fees incurred for legal, audit, and custodial services provided to the fund, and the

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cost of transactions effected for the fund, such as brokerage and execution charges, markups, and
commissions. We do not receive any of these additional fees; however, as previously mentioned, you will
incur the expenses of the fund, which will be deducted directly from the account balance of the fund, and
these fees do represent an additional fee that you are paying above what is being charged by us.
While we generally invest in “no-load” funds, if we did invest in a fund that imposes a sales charge, you
may pay an initial or deferred sales charge. You could invest in a mutual fund directly, without our
services. In that case, you would not receive the services provided by our Firm which are designed, among
other things, to assist you in determining which mutual fund or funds are most appropriate to your financial
condition and objectives. Accordingly, you should review both the fees charged by the funds and our fees
to fully understand the total amount of fees to be paid by you, directly or indirectly, and to thereby evaluate
the advisory services provided.
We request that you authorize and direct the custodian of your account to pay our fees directly to us from
the portfolio. However, it is your option to authorize this process and if you do not approve of the direct
deduction from your account, we will submit periodic invoices directly to you or the custodian as you
request.
Our employees and their family members may be exempt from management fees charged by us to manage
their personal accounts.
Please note that similar advisory services may (or may not) be available from other registered (or
unregistered) investment advisors for similar or lower fees.

FINANCIAL PLANNING FEES
Our financial planning fee is determined based on the nature of the services being provided and the
complexity of your circumstances. All fees are agreed upon prior to entering into a financial planning
agreement with you. We will provide you with an invoice for the financial planning fees. All invoices will
be due upon receipt of the invoice.

FINANCIAL PLAN FEE

Generally, we charge a fixed fee to perform a financial plan. We may require a fifty (50) percent deposit
upon the execution of the financial planning agreement. Any remaining fee is due at the completion of the
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ITEM 7. TYPES OF CLIENTS
Our Firm provides advisory services to the following types of clients:
      Individuals (other than high net worth individuals)
      High net worth individuals
      Pension and profit-sharing plans (other than plan participants)
      Trusts and Estates
      Charitable organizations
      Corporations or other businesses not listed above
Generally, we do not require a minimum opening account size for clients who utilize any of our investment
management services.

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