Multnomah Group Inc

ITEM 5 – FEES AND COMPENSATION
Discretionary Investment Management
Our fees are highly dependent on a variety of factors, including: the size of the portfolio, the specific work required by
our agreement, the location of the Client and whether travel is required, and the number of meetings the Client requires.
As a result, we do not have a standard fee schedule that applies to all Clients. We generally require a minimum of
$300,000 in investable assets to maintain an account. However, this minimum account balance may be reduced or
waived at our discretion.

Fees are either asset-based, a flat fee, or a combination of both.

Our annual fees for ongoing investment management services are generally calculated using a blended percentage rate
which is based upon the applicable percentage fee for the amount of assets in each of the breakpoints listed below:

Assets under management                                 Fees
First $1 million                                        1.00%
$1 million to $2 million                                0.75%
$2 million to $3 million                                0.50%
$3 million to $4 million                                0.35%
Over $4 million                                         0.25%

Fees based upon a percentage of Assets Under Management (“AUM”) are charged quarterly in advance based upon
the market value of the account at the end of the quarter and deducted directly from Client custodial accounts upon
submission of an invoice to the custodian. The custodian will provide a quarterly statement to the Client detailing the
amount of the fee and the value of the Client's assets on which the fees are based. Payment of fees may result in the
liquidation of Client’s securities if there is insufficient cash in the account.

Market value means the value of all assets in the account (not adjusted by any margin debit). To determine value,
securities and other instruments traded on a market for which actual transaction prices are publicly reported shall be

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valued at the last reported sale price on the principal market in which they are traded. Other readily marketable
securities and other instruments shall be priced using a pricing service or through quotations from one or more dealers.
In rare circumstances, less actively traded securities or other assets may not have readily available market quotations.
When necessary, Multnomah will take steps to ensure that an appropriate valuation methodology is used to determine
the value of the security.

Clients pay brokerage transaction costs and other charges directly to the custodian. See Item 12. Client may be
required to pay, in addition to Multnomah’s fee, a proportionate share of any Exchange Traded Fund’s (ETF) or mutual
fund’s fees and charges. For example, mutual fund operating expenses are paid out of the fund and are an additional
expense incurred by the Client. In cases where a separate account manager is utilized for a Client’s portfolio, the
separate account manager will charge a fee separate and additive to Multnomah’s fee.

Fees include our time to work with a Client's attorney, accountant, or any third party. However, we are not responsible
for any fees that may be charged to the Client by those third parties.

Clients generally pay advisory fees quarterly, in advance. Fees for a partial quarter at the commencement or
termination of an agreement will be prorated based on the number of days the account was open during the quarter. We
may modify the terms of the fee agreement by giving Clients 60 days written notice in advance. Hourly rate projects and
fixed fee projects are invoiced by us monthly with payment due by Client upon receipt of the invoice.
Upon termination of any account or project, any prepaid but unearned fees will be promptly refunded by us. Any fees
that have been earned by us but not yet paid by the Client will be immediately due and payable. The Client or
Multnomah may generally terminate a service agreement for any reason by providing the other party with written notice.

Multnomah does not accept any compensation for the sale of securities or investment products.

ITEM 7 – TYPES OF CLIENTS
We provide investment advice to individual investors and retirement plans. Specifically, we provide services to the
following types of clients:
    •    Individual and high net worth individuals
    •    Pension and profit sharing plans

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    •    Charitable organizations
    •    Corporations

Generally, a minimum of $300,000 in investable assets is required to open an account with us. In our discretion, we
may reduce or waive this minimum.