PPS & V Asset Management Consultants Inc

Item 5      Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for
investment management services. Each Client is required to sign an Investment Advisory
Agreement that details the responsibilities of PPS&V and the Client.
A. Fees for Advisory Services
Investment Advisory Fees are paid quarterly in advance pursuant to the terms of the
Investment Advisory Agreement. The period commences with the effective date of the
Investment Advisory Agreement and continues on a pro-rata basis through the end of the
current quarter. Investment Advisory Fees are based on the market value, derived from the
total assets under management at the end of each quarterly period. Investment Advisory
Fees generally range from 0.50% to 1.0% of total assets unless otherwise negotiated and
specified on our Asset Management Agreement.
Although PPS&V has established the aforementioned fees, we can negotiate fees on a client-
by-client basis. The facts we take into account or whether to negotiate fees 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
Advisor and each Client. We will group certain related household Client accounts for the
purposes of achieving a lower annualized fee. Discounts can be offered to family members
and friends of associated persons of our firm.
B. Fee Billing
Investment advisory fees will be automatically deducted from the Client account by the
Custodian unless otherwise directed in writing by the Client that they wish to pay fees as a
remittance. The Advisor shall send an invoice to the Client indicating the amount of the fees
to be deducted or remitted from the Client account at the respective billing date. The
amount due is calculated by applying the quarterly rate (annual rate divided by 4) to the
total assets under management with PPS&V at the end of each quarterly period. Clients
will be provided with a statement, at least quarterly, from the Custodian reflecting the
deduction of the investment advisory fee. Clients provide written authorization permitting
PPS&V to be paid directly from their accounts held by the Custodian as part of the
Investment Advisory Agreement and separate account forms required by the Custodian.
C. Other Fees and Expenses
In addition to our advisory fees, clients are also responsible for the fees and expenses
charged by custodians, including but not limited to, any transaction charges imposed by a
custodian with which an independent investment manager effects transactions for the
Clients account(s). Please refer to the "Brokerage Practices" section (Item 12) of this Form
ADV for additional information. In addition, all fees paid to PPS&V for investment advisory
services are separate and distinct from the expenses charged by mutual funds, exchange-
traded funds and other pooled vehicles to their shareholders, if applicable. These fees and
expenses are described in each fund's prospectus or offering document. Accordingly, the
Client should review both the fees charged by the fund[s] and the fees charged by PPS&V to
fully understand the total fees to be paid.
D. Advanced Payment of Fees and Termination
PPS&V is compensated for its services in advance, pro rata, for the remaining days in the
current quarter, in which investment advisory services are rendered. A client agreement
can be canceled at any time, by either party, for any reason upon receipt of notice. The
Client shall be responsible for investment advisory fees up to and including the effective
date of termination. Upon the effective date of termination, the Advisor will refund, pro
rata, any Advisory Fees from the effective date of termination to the end of the current
quarterly payment period once a notice has been received. The Clients Investment
Advisory Agreement with the Advisor cannot be assigned without Clients written approval.
E. Compensation for Sales of Other Investment Products
PPS&V is not affiliated with any broker-dealers or mutual fund companies, and therefore
we do not receive any compensation for the purchase or sale of securities or investment
products used in client accounts.

Item 7      Types of Clients
PPS&V offers investment advisory services to individuals, high net worth individuals,
pension and profit-sharing plans, corporations or other businesses not listed above.
PPS&V does not require a minimum account investment to enter into an Investment
Advisory Agreement.