NGP Financial Planning LLC

Item 5—Fees & Compensation
NGP charges an annual investment advisory fee (“Advisory Fee”) based on the total assets under manage-
ment (“AUM”). The standard fee schedule is as follows:

                            Assets Under Management       Annual Fee
                                 First $2,000,000           1.00%
                                 Next $5,000,000            0.50%
                                 Over $7,000,000            0.25%

The fee is calculated monthly and in arrears by multiplying the total AUM from the end of the previous month
by 1/12th of the Annual Advisory Fee rate. It is important to know the fee is blended, so under the standard
Advisory Fee schedule the first $2 million of AUM is billed at 1.00%, anything between $2 and $5 million is
billed at 0.50%, and any AUM over $7 million is billed at 0.25%.
The Advisory Fee is negotiable based upon certain criteria (e.g., historical relationship, type of assets, antici-
pated future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed,
related accounts, account composition, negotiations with Clients, etc.). Clients should refer to the Advisory
Agreement signed with NGP for the exact Advisory Fee charged. If margin is utilized, the fees will be billed
based on the total value of the account. However, for assets such as alternative investments where a fee is
charged and the custodian does not price the security, the asset may be priced by the provider of the asset
according to their pricing policy or may also involve independent pricing services for assets that are priced in
that manner. NGP itself, does not price any investment or security for which it charges a management fee or
that is included in the portfolio return. Any assets that are unmanaged or static are not included in NGP’s
management fee calculation. It is important for clients to know that NGP has a conflict of interest to recom-
mend liquidation of any unmanaged and unbilled position, because NGP will earn Advisory Fees on the posi-
tion once it is liquidated. In all cases, the best interests of clients must be utilized before making any recom-
mendation to liquidate an unmanaged and unbilled position.

Advisory Fees are electronically debited from client accounts. At the time the fee is debited Clients will be
sent an invoice that shows the custodian, Advisory Fees, AUM, fee, formula used to calculate the fee, the fee
calculation itself and the time period covered by the fee. The value of the fee used to calculate the Advisory
Fee will include all positions in the account, cash, dividends, accrued interest and interest payments unless
specifically excluded in the Special Instructions section of the Agreement.
Lower fees for comparable services may be available from other sources. Clients may terminate their account
within five (5) business days of signing the Advisory Agreement with no obligation and without penalty. After
the initial five (5) business days, the agreement may be terminated by NGP with thirty (30) days written notice
to client and by the client at any time with written notice, phone or email to NGP. For accounts opened or
closed mid-billing period, fees will be prorated based on the day’s services are provided during the given peri-
od. All unpaid earned fees will be due to NGP. 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.
Advisory Fees are separate and distinct from the fees and expenses charged by investments like mutual
funds and exchange traded funds (ETFs). In these cases, the fees and expenses are described in each fund's
prospectus or available through common financial websites. These fees will generally include a management
fee, other fund expenses, and a possible distribution fee. In some cases fees may be discounted. Clients are
also responsible for the transaction charges, fees and other expenses charged and imposed by the firm
(“Custodian”) who holds the client assets. Accordingly, clients should review both the fees charged by the
funds/ETFs, the Custodian and the fees charged by the Advisor to fully understand the total amount of fees to
be paid.
As noted above, there are no additional charges for Financial Planning.

Item 7—Types of Clients
We provide services to individuals, trusts, estates, charitable organizations (non-profits), corporations, associ-
ations and other business entities (such as limited liability companies, networks or limited partnerships). We
do not have a minimum account size and as noted earlier the minimum fees can be waived or negotiated at
our total discretion.