Item 5 Fees and Compensation
Financial Planning/Consulting Services
The combination of services, financial planning and portfolio management, are generally included as
part of our overall management fee (as described below). However, in certain circumstances, we may
provide financial planning services for a separate hourly fee of $250.00. Under these arrangements, an
estimate of the total time/cost will be determined at the start of the financial planning engagement. The
related fees and fee paying arrangements will be clearly set forth in the agreement for services.
Either party may terminate the agreement by providing written notice to the other party. You will incur a
pro rata charge for services rendered prior to the termination of the agreement. If you have pre-paid
advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
Portfolio Management Services
Our annual fee for portfolio management services varies between 0.50% and 1.50% depending upon
the market value of your assets under our management and the type and complexity of the asset
management services provided. Such fees are negotiated on a client-by-client basis and will be clearly
set forth in the executed agreement for services.
©2017 National Compliance Services 800-800-3204
Our portfolio management fee is billed and payable quarterly in advance based on the value of your
account on the last day of the previous quarter. For the initial quarter of investment management
services, the first quarter's fees will be calculated on a pro rata basis, which means the advisory fee is
payable in proportion to the number of days in the quarter for which you are a client.
We may combine the account values of family members living in the same household to determine the
applicable advisory fee. For example, we may combine account values for you and your minor
children, joint accounts with your spouse, and other types of related accounts. Combining account
values may increase the asset total, which may result in your paying a reduced advisory fee based on
the available breakpoints in our fee schedule stated above.
You may terminate the portfolio management agreement upon written notice to our firm. You will incur
a pro rata charge for services rendered prior to the termination of the portfolio management
agreement, which means you will incur advisory fees only in proportion to the number of days in the
quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you
will receive a prorated refund of those fees.
Pension Consulting Services
For Pension Consulting Services, we will be compensated at a rate negotiated between you and our
firm on a case-by-case basis. Our fees and terms of payment will be clearly set forth in the executed
agreement for services. Currently, our annualized pension consulting fees range between 0.10% and
1.25% of managed assets. An estimate of the total cost will be determined at the start of the advisory
relationship. The final fee shall be directly dependent upon the facts and circumstances of your
financial situation and the complexity of the pension consulting services provided.
Either party to the pension consulting agreement may terminate the agreement upon 30-days' written
notice to the other party. You will incur a pro rata charge for services rendered prior to the termination
of the agreement, which means you will incur advisory fees only in proportion to the number of days in
the quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned,
you will receive a prorated refund of those fees.
Additional Fees and Expenses
As part of our investment advisory services to you, we may invest, or recommend that you invest, in
mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory
services are separate and distinct from the fees and expenses charged by mutual funds or exchange
traded funds (described in each fund's prospectus) to their shareholders. These fees will generally
include a management fee and other fund expenses. You may also incur transaction charges and/or
brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by
the broker-dealer or custodian through whom your account transactions are executed. We do not
share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or
custodian. To fully understand the total cost you will incur, you should review all the fees charged by
mutual funds, exchange traded funds, our firm, and others. For information on our brokerage
practices, refer to the Brokerage Practices section of this Disclosure Brochure.
©2017 National Compliance Services 800-800-3204