Meridian Investment Advisors Inc

Item 5: Fees and Compensation

that offer certain compensation and fee structures that create conflicts of interest of which
clients need to be aware. Please note the following:
Limitation on Mutual Fund Universe for Custodian Investment Programs: There are certain
programs in which we participate where a client’s investment options may be limited in certain
of these programs to those mutual funds and/or mutual fund share classes that pay 12b -1 fees
and other revenue sharing fee payments, and the client should be aware that the firm is not
selecting from among all mutual funds available in the marketplace when recommending
mutual funds to the client.
Conflict Between Revenue Share Class (12b-1) and Non-Revenue Share Class Mutual Funds:
Revenue share class/12b-1 fees are deducted from the net asset value of the mutual fund and
generally, all things being equal, cause the fund to earn lower rates of return than those mutual
funds that do not pay revenue sharing fees. The client is under no obligation to utilize such
programs or mutual funds. Although many factors will influence the type of fund to be used, the
client should discuss with their investment adviser representative whether a share class from a
comparable mutual fund with a more favorable return to investors is available that does not
include the payment of any 12b-1 or revenue sharing fees given the client’s individual needs
and priorities and anticipated transaction costs. In addition, the receipt of such fees can create
conflicts of interest in instances where the custodian receives the entirety of the 12b-1 and/or
revenue sharing fees and takes the receipt of such fees into consideration in terms of benefits it
may elect to provide to the firm, even though such benefits may or may not benefit some or all
of the firm’s clients.

                   Part 2A of Form ADV: Meridian Investment Advisors Brochure

Item 7: Types of Clients

Meridian Investment Advisors 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)
   ▪   Charitable organizations
   ▪   Corporations or other businesses not listed above
As a condition for starting and maintaining a relationship, Meridian Investment Advisors
generally imposes a minimum portfolio size of $100,000. In our sole discretion, we may accept
clients with smaller portfolios based upon certain criteria, including anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related
accounts, account composition, preexisting client, account retention, and pro bono activities. We
only accept clients with less than the minimum portfolio size if, in our sole opinion, the smaller
portfolio size will not cause a substantial increase of investment risk beyond the client’s
identified risk tolerance. We may aggregate the portfolios of family members to meet the
minimum portfolio size. Additionally, certain independent managers may impose more
restrictive account requirements and varying billing practices than Meridian Investment
Advisors. In such instances, we may alter our corresponding account requirements and/or billing
practices to accommodate those of the independent manager.
Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to
the minimum account requirements and advisory fees in effect at the time the client entered
into the advisory relationship. Therefore, our firm's minimum account requirements will differ
among clients.

                   Part 2A of Form ADV: Meridian Investment Advisors Brochure