Prince Asset Management Inc

FEES AND COMPENSATION (Item 5)
Advisory Fees
    We earn fees and compensation by providing investment management services. Our standard fee schedule is
    as follows:
                                                                   Quarterly         Annual
                            Assets Under Management
                                                                     Rate             Rate
                                   $500,000 or greater                .25%            1.0%

                                             Sample Fee Calculation
                                             Investments of $1,500,000
                                                 $1,500,000 @ 1.0%
                                   Quarterly Fee of $3,750 | Annual Fee of $15,000
    Our investment management services fees are negotiable. The final agreed-upon advisory fee is outlined in our
    investment management agreement.
Billing Procedures
    Our billing procedures for advisory services are as follows:
    Investment Management Services
    Our advisory fees for investment management services are annual asset-based fees. Advisory fees for services
    are due and payable quarterly in advance. Unless a client requests otherwise, we use the aggregate value of all
Prince Asset Management Brochure                                                                                4

                                                                                       Prince Asset Management, Inc.
    accounts for each client (i.e., household) for billing purposes. We typically deduct advisory fees directly from a
    client’s specified advisory account(s). Clients provide written authorization to have advisory fees deducted
    directly from their specified advisory account(s) upon signing our investment management agreement. If there
    are no assets with available liquidity to deduct advisory fees from the specified advisory account(s), clients agree
    to pay advisory fees due to us by mailing a check to our address.
    Notwithstanding the foregoing, clients may choose to pay the advisory fees due by mailing a check to our address
    listed herein. For instances of direct payments, we will send clients quarterly advisory fee invoices, and payment
    is due upon receipt by the client.
    For the direct debit of fees, we send advisory fee calculations to the account custodian electronically shortly
    after the beginning of each calendar quarter. Advisory fee calculations are based on a percentage of the market
    value of the assets in the account(s) as listed on a national securities exchange or the principal market where
    the securities are traded, at the closing price as of the last trading day of the calendar quarter, as supplied by
    the account custodian. Advisory fees due for any period of less than one calendar quarter shall be calculated
    pro rata, commencing on the date of a client’s engagement of our firm. Additionally, billing valuations for fixed
    income securities often include accrued interest. Furthermore, margin interest, if applicable, will accrue
    monthly.
    It is also important to note that due to differences in valuation dates (trade date vs. settlement date) and the
    application of credits for accrued income and/or accrued interest, if applicable, asset values used for advisory
    fee billing can differ from the asset values shown on the account custodian’s account statements. Clients should
    contact us if there are questions regarding advisory fee billing calculations.
Other Fees & Expenses
    Clients will also incur additional third-party fees (“third-party fees”) related to investment management and
    advisory services. These fees may include, but are not limited to, no-load mutual fund ticket charges, brokerage
    transaction costs, deferred sales charges on previously purchased mutual funds, individual retirement account
    (IRA) maintenance fees, and other legal or transfer fees. The account custodians, broker-dealers, mutual fund
    companies, and others who provide account services charge these fees, and clients are responsible for all third-
    party fees and expenses. Although, as of the date of this Brochure, our account custodian does not charge
    transaction costs for trades in equity securities (i.e., stocks, exchange-traded funds, etc.).
    In addition to the third-party fees outlined above, clients incur other expenses that result from fees charged by
    the investment companies that issue mutual funds, exchange-traded funds, and money market funds to which
    client assets are allocated. As of the date of this Brochure, Schwab does not charge transaction fees for trades in
    U.S. exchange-listed equities and exchange-traded funds. Nonetheless, mutual funds, exchange-traded funds,
    and money market funds have internal fees and expenses, as detailed in each fund company’s prospectus, where
    applicable. These fees and expenses are paid by the mutual funds or investment companies but are ultimately
    passed on to clients through the fund’s expense ratio.
    Advisory fees paid to our firm are separate from the third-party fees detailed above. Please also see Item 12,
    Brokerage Practices, for details about the qualified account custodian that provides custody and safekeeping
    services for our clients’ accounts.
Refund Policy
    Clients terminate our advisory engagement for investment management services by providing thirty (30) days’
    advance written notice. Likewise, if we decide to terminate an advisory engagement agreement, we will provide
    the client with thirty (3o) days’ advance written notice.
    Upon receiving a client’s termination request, we will assess advisory fees pro rata to the date of termination.
    We will refund any unearned portion of prepaid fees by the end of the thirty (30) day notice period. Any balance
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TYPES OF CLIENTS (Item 7)
    We provide discretionary investment management services to different types of clients. We generally provide
    advice to individuals, high net worth individuals, and small businesses.
    Our firm imposes a portfolio minimum of $500,000 for new client advisory engagements. Nonetheless, we
    reserve the right to waive or reduce the minimum portfolio requirement based on other criteria we consider
    relevant, such as preexisting relationships, related accounts, or the expectation of additional assets, etc. As a
    result, some clients of the firm have account values that are less than the stated portfolio minimum.

METHODS OF ANALYSIS, INVESTMENT STRATEGIES, AND RISK OF LOSS