Marshall Investment Management LLC

ITEM 5 – FEES AND COMPENSATION

INVESTMENT MANAGEMENT FEES AND COMPENSATION
Our Firm charges a fee as compensation for providing investment management services in your
account(s). These services include advisory services, transaction costs, trade entry, investment
supervision, and other account maintenance activities. Our recommended custodian may charge
custodial fees, redemption fees, retirement plan and administrative fees, or commissions. See
the Additional Fees and Expenses section below for details.
A quarterly investment management fee is billed in advance based on the quarter-ending balance
of the previous month. Our maximum annual advisory fee is 1.50%. Please note that fees will be
adjusted for deposits and withdrawals made during the quarter. If accounts are opened during
the quarter, the pro-rata advisory fees will be deducted during the next regularly scheduled billing
cycle. The relevant fee and billing method are defined and agreed to by our Firm and the client in
the executed Investment Advisory Agreement. This fee is debited directly from your investment
account. Additional fees and expenses you may incur include United States Securities and
Exchange Commission (SEC) fees, mutual fund/ETF expense ratio fees, tax withholding on certain
foreign securities, postage fees, wire fees, bank charges, and other administration fees as
authorized by you. Please refer to Item 12 below for information on brokerage fees and services.
Fees may vary based on the size of the account(s), complexity of the portfolio, extent of activity
in the account(s), or other reasons agreed upon by our Firm and you as the client. In certain
circumstances, our fees and the billing cycle may be negotiated. Our employees and their family-
related accounts are charged a reduced fee for our services.
The independent and qualified custodian holding your funds and securities will debit your account
directly for the advisory fee and pay that fee to our Firm. When establishing a relationship with
Marshall Investment, you provide written authorization permitting the fees to be paid directly
from your account held by the qualified custodian. Further, the qualified custodian agrees to
deliver an account statement to you on a monthly or quarterly basis indicating the amounts
deducted from the account, including our advisory fees.
Either Marshall Investment or you, the client, may terminate the management agreement
immediately upon written notice to the other party. The management fee will be pro-rated to the
date of termination for the quarter in which the cancellation notice was given, and any unearned
fees will be refunded to you by our Firm.
Upon termination, you are responsible for monitoring the securities in your account and we will
have no further obligation to act on or advise with respect to those assets. In the event of a client’s
death or disability, Marshall Investment will continue management of the account until we are
notified of the client’s death or disability and given alternative instructions by an authorized party.
In no case are Marshall Investment fees based on or related to the performance of your funds or
investments.

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FINANCIAL PLANNING FEES
For financial planning arrangements, we will negotiate the planning fees using either a flat fee or
an hourly rate. Fees may vary based on the extent and complexity of your individual or family
circumstances, and/or the amount of assets you have under our management.
Under our flat fee arrangement, the fee will be agreed to in advance of any services being
performed. The fee will be determined based on the complexity of your financial situation, agreed
upon deliverables, and whether you intend to implement any recommendations through Marshall
Investment. Flat fees for financial plans range between $2,500 and $15,000. For ongoing financial
planning services are $200 per month. The Client can elect to pay by check or through payment
methods within AdvicePay. Clients will be asked to set up their bank account or credit card at
AdvicePay to enable credit card or ACH payments. While AdvicePay allows firms like Marshall
Investment to receive payments directly from the client’s credit card or bank account, it does not
give Marshall Investment access to the bank account itself or any of the Client’s credit card or
bank account information. Marshall Investment is not able to initiate any additional payments via
AdvicePay as agreed upon and outlined in the Agreement.
Typically, we complete a financial plan within 30 days and will present it to you within 60 days of
the contract date, assuming you have provided all information needed to prepare the financial
plan. 100% of the financial planning fee is collected within 30 days upon delivery of the plan to
you. You may terminate the financial planning agreement by providing us with written notice.
There is no penalty for termination of your financial planning agreement prior to the plan being
delivered to you. We will not require a fee prepayment of more than $1,200 per client, six (6) or
more months in advance of providing any services.

THIRD PARTY MONEY MANAGER (TPMM) FEES
As discussed in Item 4 above, there are occasions where an independent TPMM acts as a sub-
adviser to our Firm. In those circumstances, the TPMM manages the assets based upon the
parameters provided by our Firm. Under such arrangements and depending on the TPMM
contract with Marshall Investment, the total advisory fee may be collected from the custodian by
our Firm or the TPMM. This total fee includes our Firm’s portion of the investment advisory fee
as well as the TPMM fee. Total fees for clients utilizing a TPMM will not exceed 1.9%.
    §   The fee billed is defined in the relevant Investment Management Contract as well as in
        the TPMM’s Form ADV filing. This fee is debited directly from your investment account.
...

ITEM 7 - TYPES OF CLIENTS

We provide investment advice to individuals, high net worth individuals, foundations, retirement
plans, charitable organizations, trusts and estates.
Our Firm does not require a minimum account value.

MARSHALL INVESTMENT MANAGEMENT, LLC
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