Madison Global Advisors LLC

Item 5 – Fees and Compensation
5A. Portfolio Management Fees
Our fee is calculated as a percentage of assets under management. The fee charged by
MGA is 2% or less annually for advisory clients. We consider account size, investment
adjectives, and services required in determining our fee.

5B. Payment of Fees
Fees are deducted directly from the clients account on a quarterly basis at RBC and
monthly at Interactive Brokers. The fee is based upon the market value of the assets in
the account on the last day of the previous month.

5C. Other Fees
There may be other fees including transaction fees, brokerage commissions or other
fees associated with any transaction. These fees will be in addition to the fees
enumerated above. Please see Item 12 for further elaboration regarding brokerage fees
and services.

5D. Refunds
Refunds for fees deducted will be refunded on a prorated basis as they are collected in
advance from the clearing firm.

5E. Other Compensation

                         Investment Advisor Brochure
MGA does not accept compensation for the sale of securities or other investment
products.

Item 7 – Types of Clients
MGA provides investment advice and services to the following types of clients:
individuals, including high net worth individuals, pensions, profit-sharing plans, non-
profit organizations, corporations, trusts and businesses. The firm does not maintain a
minimum investment requirement and provides superior representation and advisory
services regardless of the income potential from the client