Koshinski Asset Management Inc-DBA IPI Asset Management Inc

ITEM 5: FEES AND COMPENSATION

In this section, we explain how we are compensated for the various advisory services we
provide. We also describe some expenses you may experience related to those services.
We believe that our charges and fees are competitive with firms offering similar services.
However, lower fees for comparable services may be available from other sources. You can
invest in mutual funds and other securities directly, without our services. In that case, you
would not receive our assistance in determining which investments are most appropriate
to your financial situation and objectives. We also would not be able to help you maintain a
disciplined approach to portfolio rebalancing, anticipate tax consequences and minimize
emotional reactions to market events. Some investments may not be available to you
directly without the use of an IAR.

We want you to be aware of how we are paid as well as any fees and compensation that we
receive in connection with the advisory services we provide. This information can be found
in some or all of the various documents:

   •   ADV disclosure brochures
   •   Your client agreement
   •   Custodial agreements
   •   TAMP Fee Program Disclosure Brochure or similar document
   •   Mutual fund’s prospectuses and Statements of Additional Information.

Some of our IARs also receive commissions or other compensation as registered
representatives of our affiliated broker-dealer and/ or as insurance agents. This additional

       Securities and investment advice offered through Investment Planners, Inc. (Member FINRA/SIPC)
           and IPI Wealth ManagementSM, 226 W. Eldorado St., Decatur, IL 62522. 217-425-6340.

compensation is separate and distinct from our advisory compensation. We discuss this in
more detail later in this section.

PRIVATE PORTFOLIO SERVICES

Generally, our fees for our Private Portfolio Services or individually managed accounts are
based on a percentage of assets under management. IPIWM’s portion of the annual fee will
not exceed 2% on any asset level. However, other program fees may increase the annual
fee above 2%. Below is our sample fee schedule:

               Assets Under Management                        Annual Fee
               $ 0 - $250,000                                     2.0%
               $ 250,001 to $500,000                              1.5%
               $ 500,001 to $1,000,000                            1.25%
               $1,000,001 to $3,000,000                           1.00%
               $3,000,001 and above                               .75%

This fee schedule can be negotiated with you on a case-by-case basis. We will take into
account the nature and complexity of the services we are providing you, our relationship
with you, the value of assets being managed, the value of other assets held in other
accounts we manage or advise for you, the potential for additional business or clients, the
amount of work anticipated, and the attention needed to manage your assets. The actual
billing rate will be specified in the Agreement. We rely upon your custodian’s account
statements for fee calculation purposes. Our advisory fees cover our investment advisory
services, but do not cover other charges as described below.

Our advisory fees will be paid monthly or quarterly, in advance or in arrears, as set forth in
our Agreement. For accounts opened or closed during the calendar month or quarter, the
fee will be prorated for the number of days our services were provided. If you terminate an
agreement with us, pre-paid and un-earned advisory fees are promptly refunded, generally
within 30 days. Fees paid in arrears will be charged through the date of termination.

Unless otherwise agreed, you will authorize us to deduct our periodic advisory fees from
your designated account. Your authorization is limited to our withdrawing our advisory fees
as and when due. We will provide your custodian with your written fee deduction
authorization. We will notify you of our fee deductions in advance of the withdrawal date at
the time and in the manner required by applicable regulatory requirements. We will not
make the fee withdrawal if you timely object, in writing, to us or your custodian. Your
account custodian will, on a quarterly basis, provide you with an account statement
indicating the advisory fees paid to us from your account. You may terminate your
authorization at any time, in writing, but you will remain responsible for promptly paying us
any advisory fees that remain due and unpaid.

       Securities and investment advice offered through Investment Planners, Inc. (Member FINRA/SIPC)
           and IPI Wealth ManagementSM, 226 W. Eldorado St., Decatur, IL 62522. 217-425-6340.

If our direct fee deduction has been authorized, then our fees will be deducted from the cash
balance in your account. If insufficient cash is available, then we will typically liquidate a
sufficient amount of securities in your account to cover the balance due in the following
order: money market shares, mutual fund shares, and then other types of securities. For
taxable accounts, a liquidation of securities may result in taxable income.

DUAL CONTRACT SUB ADVISED FEE SCHEDULE

IPIWM will advise on third party assets through TAMP Programs, Managed Account and
Unified Managed Account platforms. The fee schedule for IPIWM’s portion of the
management of assets is as follows:

               Assets Under Management                      Management Fee
               Up to $25 Million                             .50 - .75%
               $25 Million to $250 Million                   .40 - .50%
               $250 Million over                             .25 - .40%

Fees are negotiable at the discretion of IPIWM.

WRAP FEE PROGRAMS

The sponsors of the wrap program have contracts with the client to perform investment
management, trading and/or custodian services. Clients pay a single all-inclusive fee
...

ITEM 7: TYPES OF CLIENTS

Our investment management and financial planning services are available to individuals,
high net worth individuals, businesses, pension, and profit-sharing plans, 401(k) plans,
trusts, estates and not-for-profit organizations.

We do not impose a minimum dollar value of assets or other conditions for opening or
maintaining an account. TAMP services may impose minimum account sizes and they will
vary by the investment management program you select. The TAMP disclosure documents
will provide information on any minimum account sizes required.

       Securities and investment advice offered through Investment Planners, Inc. (Member FINRA/SIPC)
           and IPI Wealth ManagementSM, 226 W. Eldorado St., Decatur, IL 62522. 217-425-6340.