Private Client Asset Management Inc

Item 5 Fees and Compensation

A. & B. Method of Compensation and Fee Schedule and Client Payment of Fees

Asset Management Fees
Pursuant to an investment advisory contract signed by each client, the client will pay PCAM a
quarterly Management Fee, payable in arrears, based on the value of portfolio assets of the account
managed by the Advisor on the last business day of the preceding quarter. The Management Fee
will be as follows:

Effective 1/01/2012 - For new client accounts, the Investment Advisory Service fee for all accounts
will be 1.00% for all balances.

These fees may be negotiated by the advisor under unusual circumstances, at the sole discretion of
the advisor. Asset management fees will be automatically deducted from the client account on a
quarterly basis by the custodian. The custodian(s) recommended by PCAM have agreed to
send a statement to the client, at least quarterly, indicating all amounts disbursed from the account
including the amount of management fees paid directly to PCAM.

Alternatively, clients may elect to have the Advisor invoice the client for the management fees
incurred. Clients who elect to be billed will receive an invoice from the Advisor for payment
within 30 days of receipt of the invoice.

Client is responsible for all custodial and securities execution fees charged by the custodian and
executing broker-dealer. The Advisor's fee is separate and distinct from the custodian and
execution fees.

Clients may request to terminate their advisory contract with PCAM, in whole or part, by providing
advance written notice. Upon termination, any fees due PCAM will be deducted from the client's
advisory account on a pro-rated basis for the portion of the quarter that the account was under
management. Client's advisory agreement with the Advisor is non-transferable without the client's
written approval.

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Hourly Fee
Some clients will contract to have financial planning advice provided based on an hourly fee. The
advisors hourly fee will be billed at a rate of $150 per hour, but may be negotiated and agreed upon
by the parties in advance. Hourly fee-based clients are billed on a monthly basis upon completion
of work performed.

Fixed Fees
Some clients may contract to have PCAM perform a quarterly review of outside accounts, such as
401k's, 403b's, IRA's, and personal accounts; or clients may request ongoing retirement, college and
general financial consulting work. For these services, PCAM will either deduct the fixed fee from the
client’s account on a quarterly basis, in arrears, with client authorization; or, PCAM will send an
invoice to the client for payment within 30 days of receipt of the invoice. Some clients may contract
to have PCAM perform a one-time financial or retirement review. For this service, after the work is
performed, PCAM will send an invoice to the client for payment within 30 days of receipt of the
invoice. For all the services mentioned above, the fixed fee will range from $1500 to $5000.

C. Additional Client Fees Charged

All fees paid to PCAM for investment advisory services are separate and distinct from the expenses
charged by mutual funds 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. A client may be able to invest in these products directly, without the
services of PCAM. In that case, the client would not receive the services provided by PCAM
which are designed, among other things, to assist the client in determining which products or
services are most appropriate to each client's financial condition and objectives.
At no time will PCAM accept or maintain custody of a client’s funds or securities except for
authorized fee deduction. Client is responsible for all custodial, securities and brokerage execution
fees charged by the custodian and executing broker-dealer. The Advisors fee is separate and
distinct from the custodian and execution fees. See Item 12 Brokerage Practices, for further
information of brokerage and transaction costs.

D. Prepayment of Client Fees

PCAM’s asset management fee and hourly fees are payable in arrears, therefore this question is
not applicable.

E. External Compensation for the Sale of Securities to Clients

Where acting in the capacity of a registered representative, investment advisory representatives of
PCAM may as broker or agent effect securities transactions for typical and customary
compensation. Clients are not obligated to use investment advisory representatives of PCAM to
execute such securities transactions.

This practice presents a conflict of interest by creating an incentive to recommend
investment products based on the compensation received, rather than on a client’s needs. To
mitigate this conflict, PCAM and its representatives will inform the client of the securities
transaction fees, in advance.

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A client may be able to invest in products recommended by the firm directly, without the
services of PCAM. In that case, the client would not receive the services provided by PCAM
which are designed, among other things, to assist the client in determining which products or
services are most appropriate to each client’s financial condition and objectives.

Clients should be aware that less than 50% of our revenue from advisory clients results from
commissions and other compensation for the sale of investment products we recommend to
clients, including asset-based distribution fees from the sale of mutual funds.

Item 7 Types of Clients and Minimum Account Size

PCAM offers investment advisory services to individuals, trusts, estates, charitable organizations,
businesses and pension plans.

PCAM does not have any requirements for opening or maintaining an account.