Miller Avenue Advisors LLC

Item 5: Fees and Compensation

Method of Compensation and Fee Schedule
ASSET MANAGEMENT
Miller Avenue Advisors offers discretionary direct asset management services to advisory Clients.
Lower fees for comparable services may be available from other sources. Total fees to Client will
never exceed the safe harbor threshold of 2% of assets under management per year. Miller Avenue
Advisors charges an annual investment advisory fee based on the total assets under management
that ranges from 0.10% to 1%.
For account holders with assets under management of less than $3,000,000 there will be an annual
flat fee of $8,000 – $30,000. This fee may be waived at advisors’ discretion.
The annual fee is negotiable based upon certain criteria (e.g., historical relationship, type of assets,
anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to
be managed, related accounts, account composition, negotiations with Clients, etc.).
When determining the Firm’s Investment Management Fee and the percentage of the client’s total
AUM, the Firm considers various objective and subjective factors, including, but not limited to the
amount of assets to be invested, the complexity of the engagement, the anticipated number of
meetings and servicing needs, related accounts, future earning capacity, anticipated future
additional assets, and negotiations with the client. As a result, similar clients could pay different
fees, which will correspondingly impact a client’s net account performance. The Services to be
provided by the Firm to any particular client can be available from other firms at lower fees.
For purposes of fee calculations, all “household” assets will be aggregated so that the client’s
accounts associated with the household are charged the same annual advisory fee. This will be
calculated based on the following formula: Household AUM (x) (Annual Investment Management
Fee % / 4) = Quarterly Investment Management Fee
Fees are billed quarterly in arrears based on the amount of assets managed as of the close of
business on the last business day of the previous quarter. If margin is utilized, the fees will be billed
based on the gross asset value of the account. Lower fees for comparable services may be available
from other sources. Clients may terminate their account within five (5) business days of signing
the Investment Advisory Agreement with no obligation and without penalty. After five (5) business
days, the Client may cancel by providing written notice to Miller Avenue Advisors and Miller
Avenue Advisors may terminate advisory services with thirty (30) days written notice to the Client.
For accounts opened or closed mid-billing period, fees will be prorated based on the days services
are provided during the given period. All unpaid earned fees will be due to Miller Avenue Advisors.
Client shall be given thirty (30) days prior written notice of any increase in fees. Any increase in
fees will be acknowledged in writing by both parties before any increase in said fees occurs.
ERISA PLAN SERVICES
The annual fees are based on the market value of the Included Assets and will not exceed 1.00%.
The annual fee is negotiable and is charged as a percentage of the Included Assets. Fees are charged
quarterly in arrears based on the assets as calculated by the custodian or record keeper of the

Included Assets (without adjustments for anticipated withdrawals by Plan participants or other
anticipated or scheduled transfers or distribution of assets). If the services to be provided start any
time other than the first day of a quarter or month, the fee will be prorated based on the number of
days remaining in the quarter or month. If this Agreement is terminated prior to the end of the
billing cycle, Miller Avenue Advisors shall be entitled to a prorated fee based on the number of
days during the fee period services were provided or Client will be due a prorated refund of fees
for days services were not provided in the billing cycle.
The fee schedule, which includes compensation of Miller Avenue Advisors for the services is
described in detail in Schedule A of the ERISA Plan Agreement. The Plan is obligated to pay the
fees, however the Plan Sponsor may elect to pay the fees. Client may elect to be billed directly or
have fees deducted from Plan Assets. Miller Avenue Advisors does not reasonably expect to
receive any additional compensation, directly or indirectly, for its services under this Agreement.
If additional compensation is received, Miller Avenue Advisors will disclose this compensation,
the services rendered, and the payer of compensation. Miller Avenue Advisors will offset the
compensation against the fees agreed upon under the Agreement.
ONGOING FINANCIAL PLANNING AND CONSULTING FEES
Ongoing Financial Planning and Consulting fees are negotiated with each client and vary
depending upon the scope of work to be performed. After meeting with you, we will provide you
with an agreement outlining the scope of work to be performed, the process to be followed, and
the fee to be charged. Fees are determined by the complexity of the client’s needs.
Generally, Ongoing Financial Planning and Consulting fees range from $8,000 to $30,000/year.
Fees will be lower for engagements focused on fewer planning areas and involving less
complexity. Since each client situation is different, it is not possible to determine in advance the
fee we will charge for any given planning engagement. We will, however, provide you with an
agreement contracting for services that clearly delineates the services to be performed, areas of
financial planning to be covered, and fees to be charged. Ongoing Financial Planning Fees are
billed in arrears quarterly at the beginning of each calendar quarter and deducted from the managed
account.
Client Payment of Fees
Fees for asset management services are deducted from a designated Client account to facilitate
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Item 7: Types of Clients

Description
Miller Avenue Advisors generally provides investment advice to individuals, high net worth
individuals, small businesses and small business owners.
Client relationships vary in scope and length of service.
Account Minimums
Miller Avenue Advisors requires a minimum of $3,000,000 to open an account. In certain
instances, the minimum account size may be lowered or waived at Miller Avenue Advisors’
discretion.