NTV Asset Management LLC

Item 5        Fees and Compensation
                        PORTFOLIO AND MODEL MANAGEMENT SERVICES FEES

Our annual fees for Portfolio and Model Management Services are based upon a percentage of assets
under management and generally range from 0.40% to 1.00%.

The annualized fee for Portfolio and Model Management Services is charged as a percentage of assets
under management, according to the following schedule:
                                   Discretionary Advisory Services
                               $1.00% per $1,000 on the first $1,000,000

                               $0.85% per $1,000 on the next $2,000,000

                               $0.70% per $1,000 on the next $2,000,000

                               $0.60% per $1000 on the next $5,000,000

                              $0.50% per $1,000 on the next $10,000,000

                             $0.40% per $1,000 on $20,000,000 and above

A recommended minimum of $1,000,000 of assets under management is required for the portfolio
management service and there is no recommended minimum for the model management service. This
account size may be negotiable under certain circumstances. NTV Asset Management, LLC may group
certain related client accounts for the purpose of achieving the minimum account size and determining
the annualized fee.

Limited Negotiability of Advisory Fees: Although NTV Asset Management, LLC has established the
aforementioned fee schedule(s), we retain the discretion to negotiate alternative fees on a client-by-
client basis. Client facts, circumstances and needs are considered in determining the fee schedule. These
include the complexity of the client, assets to be placed under management, anticipated future
additional assets; related accounts; portfolio style, account composition, reports, among other factors.
The specific annual fee schedule is identified in the contract between the adviser and each client.

We may group certain related client accounts for the purposes of achieving the minimum account size
requirements and determining the annualized fee.

Discounts not generally available to our advisory clients, may be offered to family members and friends
of associated persons of our firm.

                                      FINANCIAL PLANNING FEES

NTV Asset Management, LLC does not charge a separate fee for Financial Planning services.

                                         GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either
party, for any reason. Upon termination of any account, NTV will not charge a termination fee but will
collect the pro rata share of our fee for the calendar quarter.

Mutual Fund Fees: All fees paid to NTV Asset Management, LLC for investment advisory services are
separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their
shareholders. These fees and expenses are described in each fund's prospectus. These fees will generally
include a management fee, other fund expenses, and a possible distribution fee. If the fund also imposes
sales charges, a client may pay an initial or deferred sales charge. A client could invest in a mutual fund
directly, without our services. In that case, the client would not receive the services provided by our firm
which are designed, among other things, to assist the client in determining which mutual fund or funds
are most appropriate to each client's financial condition and objectives. Accordingly, the client should
review both the fees charged by the funds and our fees to fully understand the total amount of fees to
be paid by the client and to thereby evaluate the advisory services being provided.

Wrap Fee Programs and Separately Managed Account Fees: Clients participating in separately
managed account programs may be charged various program fees in addition to the advisory fee
charged by our firm. Such fees may include the investment advisory fees of the independent advisers,
which may be charged as part of a wrap fee arrangement. In a wrap fee arrangement, clients pay a
single fee for advisory, brokerage and custodial services. Client's portfolio transactions may be executed
without commission charge in a wrap fee arrangement. In evaluating such an arrangement, the client
should also consider that, depending upon the level of the wrap fee charged by the broker-dealer, the
amount of portfolio activity in the client's account, and other factors, the wrap fee may or may not
exceed the aggregate cost of such services if they were to be provided separately. We will review with
clients any separate program fees that may be charged to clients. NTV does not currently participate in
any wrap fee arrangements.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees
and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any
transaction charges imposed by a broker dealer with which an independent investment manager effects
transactions for the client's account(s). Please refer to the "Brokerage Practices" section (Item 12) of this
Form ADV for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to NTV
Asset Management, LLC's 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.

ERISA Accounts: NTV Asset Management, LLC is deemed to be a fiduciary to advisory clients that are
employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement
Income Security Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"),
respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal
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Item 7        Types of Clients
NTV Asset Management, LLC 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