Phillip James Consulting Co

Fees and Compensation

Description
Phillip James is committed to a transparent and straightforward fee structure. We charge an initial planning fee
of $2,500 to $5,000 depending on the complexity of the plan. This initial fee is waived if you become an on-
going client. As an ongoing client, our fee is based on a fixed percentage of the assets we manage. Investment
Management Fees are negotiated prior to the signing of the Investment Advisory Agreement. Phillip James has
a $12,500 annual minimum fee and, in its sole discretion, may waive its minimum fee and/or charge a lesser
investment advisory fee.

         Assets Under Management                      Annual Fee
         First $500,000                                1.50%
         $500,001 - $5,000,000                         1.00%
         $5,000,001 and Above                          0.50%

As an example, a client with $1,000,000 in assets would pay a total fee of $12,500, calculated as $500,000 x
1.5% = $7,500 and $500,000 x 1.0% = $5,000 ($7,500 + $5,000)

Fee Billing
Investment management fees are billed in advance each quarter. Fees are calculated based on the fair market
value of the portfolio on the last business day of the previous quarter and are assessed in the first month of the
following quarter. The client must consent in advance to direct debiting of their investment accounts.
Fees for the initial financial plan creation are due within 30 days of delivery of the financial plan unless waived
by Phillip James.
Refunds will be given on a prorated basis, based on the number of days remaining in a quarter when written
notification regarding termination has been received. Clients may terminate their advisory contract without
penalty, for full refund, within three business days of signing.
At anytime, you may request a copy of the invoice from Phillip James identifying the advisory fee, value of the
account, and how the fee was calculated. Quarterly, you will be provided an account statement reflecting the
advisory fee deducted direct from the account custodian.

Other Fees and Expense Ratios
Custodians may charge transaction fees on purchases or sales of certain mutual funds as well as for certain
services, e.g. wire transfers. See Brokerage Practices section for additional information.
Mutual funds and Exchange-Traded Funds (ETFs) impose their own fees for fund management and other
fund expenses, as disclosed in the fund's prospectus. This management fee is called an expense ratio. For
example, an expense ratio of 0.15 means that the mutual fund charges 0.15% for their services. These fees are
in addition to the fees paid by you to Phillip James. Phillip James does its best to keep the expense ratios
assessed by mutual fund and ETFs low.

Types of Clients
Description
Phillip James provides investment advice to individuals and families. Advice can extend to entities related to
the client such as small businesses and charitable organizations, including foundations and endowments, as
well as trusts and estates. Clients are typically required to have minimum assets under management (AUM)
of $750,000, but Phillip James, in its sole discretion, may waive that requirement. As well, to be effective
implementing and managing a client's portfolio, Phillip James requires all the client's investable accounts to
be under their management. As a client, any financial planning and tax planning is included in the asset
management fee.

We believe it is important to have on-going financial planning relationship due to the changing circumstances
that affect a clients plan. Therefore, we only provide on-going investment management services integrated
with financial planning and do not provide project or hourly based engagements, except for initial plan
engagement.

Methods of Analysis, Investment
Strategies and Risk of Loss