Prudent Man Investment Management Inc

ITEM 5 - FEES AND COMPENSATION
Investment Management Fees and Compensation
Prudent Man charges a fee as compensation for providing Investment Management services on your account.
These services include advisory and consulting services, trade entry, investment supervision, and other account

maintenance activities. The custodian may charge custodial fees, transaction costs, redemption fees, retirement
plan and administrative fees or commissions. See Additional Fees and Expenses below.
The fees for accounts are based on an annual percentage of assets under management and are applied to the
account asset value on a pro-rated basis, billed quarterly in advance. The initial fee will be based upon the date
the account is accepted for management by execution of the advisory agreement by Prudent Man or when the
assets are transferred through the last day of the current calendar quarter. Thereafter, the fee will be based at
each previous quarter’s month end. Fees are assessed on assets under management and securities. We do not
assess management fees on cash and/or money market balances held within client accounts.
Our investment advisory fees shall not exceed 1.00%. The specific advisory fees are set forth in your Investment
Advisory Agreement. Fees may vary based on the size of the account, complexity of the portfolio, extent of activity
in the account or other reasons agreed upon by us and you as the client. In certain circumstances, our fees and
the timing of the fees may be negotiated.
At our discretion, we may add (aggregate) asset amounts in accounts from your same household together to
determine the advisory fee for all your accounts. We may do this, for example, where we also service accounts
on behalf of your minor children, individual and joint accounts for a spouse, and/or other types of related
accounts. This consolidation practice is designed to allow you the benefit of an increased asset total, which could
potentially cause your account(s) to be assessed a reduced advisory fee based on the asset levels available in our
fee schedule.
You authorize us to debit your account quarterly for our fee. The independent qualified custodian holding your
funds and securities will debit your account directly for the advisory fee and pay that fee to us.
You will provide written authorization permitting the fees to be paid directly from your account held by the
qualified custodian. Further, the qualified custodian agrees to deliver an account statement at least quarterly
directly to you indicating all the amounts deducted from the account including our advisory fees. You are
encouraged to review your account statements for accuracy.
Either Prudent Man or you may terminate the management agreement, upon immediate written notice to the
other party. The management fee will be pro-rated to the date of termination, for the quarter in which the
cancellation notice was given. Upon termination, you are responsible for monitoring the securities in your
account, and we will have no further obligation to act or advise with respect to those assets.

Additional Fees and Expenses:
Advisory fees payable to us do not include all the fees you will pay when we purchase or sell securities for your
Account(s). The following list of fees or expenses are what you may pay directly to third parties, whether a security
is being purchased, sold or held in your Account(s) under our management.
       Mutual fund administration fees in the form of expense ratios that are paid directly to the mutual fund
        provider. The expense ratios will vary from fund to fund, and can range from .09% of fund assets to 0.50%
        of fund assets. There are no sales fees associated with the funds paid to Prudent Man,

       Transactions fees per custodian will include the following:
        a) $20 -$50 per transaction (a buy or sell) for mutual fund trades placed at Charles Schwab,
        b) The above stated fees for individual equity trades will be reduced depending upon the total AUM for
           a given household:
            Brokerage commissions;
            Transaction fees;
            Exchange fees;
            SEC fees;
            Advisory fees and administrative fees charged by Mutual Funds (MF) and Exchange Traded Funds
                (ETFs)
            Advisory fees charged by sub-advisers (if any are used for your account);
            Custodial Fees;
            Deferred sales charges (on MF or annuities);
            Odd-Lot differentials;
            Transfer taxes;
            Wire transfer and electronic fund processing fees;
            Commissions or mark-ups / mark-downs on security transactions;

All fees exclusive of the investment management fee can be obtained by contacting Keith Diamond at (303) 436-
1577 and kdiamond@prudentman.com. Please refer to the “Brokerage Practices” below for discussion of Prudent
Man’s brokerage practices.
Administrative Services Provided by Tamarac
We have contracted with Tamarac to use its technology platforms to support data reconciliation, performance
reporting, fee calculation and billing, client database maintenance, quarterly performance evaluations, payable
reports, and other functions related to the administrative tasks of managing client accounts. Due to this
arrangement, Tamarac will have access to client information, but Tamarac will not serve as an investment
adviser to our clients. Our Firm and Tamarac are non-affiliated companies. Tamarac charges our Firm an annual
fee for each account administered by Tamarac. Please note that the fee charged to the client will not increase
due to the annual fee Prudent Man pays to Tamarac, the annual fee is paid from the portion of the management
fee retained by our Firm.
There may be a possibility for price or account value discrepancies due to quarter-end transactions in an account.
Dividends or trade date settlements may occur and our third party billing software may report a slight difference
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ITEM 7 - TYPES OF CLIENTS
We provide portfolio and asset management services to individuals, estates, family trusts, corporate investment
plans, corporate sponsored pension and profit sharing plans, and corporate sponsored 401(k) plans. We have a
minimum requirement of $500,000 of investable assets to open an account with Prudent Man, but we will
consider smaller account sizes depending on the nature of the client account(s) in question.