Riverview Research LLC

Item 5 – Fees and Compensation

Fees for Advisor Services:
Riverview Research offers private wealth management and Outsourced CIO consulting services for an
annual fee. The amount of the consulting fee charged to a Client is based on several factors, including
the amount of Client assets and the level and complexity of service to be provided to the Client. The
consulting fee is an annual-based fee which is payable in quarterly installments, billable in advance at
the beginning of each calendar quarter. Riverview Research does not have a set fee schedule; however,
                                                  Riverview Research, LLC
                                          6595 Brecksville Road, Suite 3, OH 44131
                                         Phone: (216) 573-0420 * Fax: (216) 573-0421
                                                 www.riverviewresearch.com

fees range from $20,000 to $250,000. Riverview Research’s consulting fee does not include investment
manager fees, transaction costs, or custodial fees that are charged by other service providers.

Riverview Research’s consulting agreement generally does not have a termination date. Accordingly,
either party may terminate the agreement, at any time, upon prior written notice. If an agreement is
terminated, Riverview will prorate any pre-paid consulting fees and refund the outstanding amount.

The advisory fee in the first monthly/quarterly period of service (the “billing period”) is prorated to the
inception date of the account[s] to the end of the first period. Fees may be negotiable at the sole discretion
of the Advisor. The Client’s fees will take into consideration the aggregate assets under management
and/or advisement with Advisor. All securities held in accounts managed by Riverview will be
independently valued by the designated Custodian. Riverview will conduct periodic reviews of the
Custodian’s valuations to ensure accurate billing.
Fee Discretion:
Riverview Research may, in its sole discretion, negotiate to charge a lesser fee based upon certain
criteria, such as anticipated future earning capacity, anticipated future additional assets, dollar amount
of assets to be managed, related accounts, account composition, pre-existing/legacy Client relationship,
account retention and pro bono activities.

Fee Billing:
Clients generally provide Riverview Research and/or certain Independent Managers with the authority
to directly debit their accounts for payment of the investment consulting fees. The Financial Institutions
that act as the “qualified custodian” for Client accounts, from which the Advisor retains the authority to
directly deduct fees, have agreed to send statements to Clients not less than quarterly detailing all account
transactions, including any amounts paid to Riverview Research. Alternatively, Clients may elect to
have Riverview Research send a separate invoice for direct payment.

Other Fees and Expenses:
Clients may incur certain fees or charges imposed by third parties, other than Riverview Research, in
connection with investment made on behalf of the Client’s account[s]. The Client is responsible for all
securities execution and custody fees charged by the Custodian, if applicable. The Advisor's
recommended Custodian does not charge securities transaction fees for ETF and equity trades in a
Client's account, provided that the account meets the terms and conditions of the Custodian's brokerage
requirements. However, the Custodian typically charges for mutual funds and other types of investments.
The advisory fee charged by Riverview Research is separate and distinct from these custody and
execution fees.

In addition, all fees paid to Riverview Research for investment advisory services are separate and distinct
from the expenses charged by mutual funds and exchange-traded funds to their shareholders, if
applicable. These fees and expenses are described in each fund’s prospectus. These fees and expenses
will generally be used to pay management fees for the funds, other fund expenses, account administration
(e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be able
to invest in these products directly, without the services of Riverview Research, but would not receive

                                                   Riverview Research, LLC
                                           6595 Brecksville Road, Suite 3, OH 44131
                                          Phone: (216) 573-0420 * Fax: (216) 573-0421
                                                  www.riverviewresearch.com

the services provided by Riverview Research which are designed, among other things, to assist the Client
in determining which products or services are most appropriate to each Client’s financial situation and
objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees
charged by Riverview Research to fully understand the total fees to be paid.

Advance Payment of Fees and Termination:
Riverview Research is compensated for its services in advance the billing period in which advisory
services are rendered. Either party may request to terminate the investment advisory agreement with
Riverview Research, at any time, by providing advance written notice to the other party. The Client shall
be responsible for advisory fees up to and including the effective date of termination. Upon termination,
the Advisor will refund any unearned, prepaid advisory fees from the effective date of termination to the
end of the billing period. The Client’s investment advisory agreement with the Advisor is non-
transferable without Client’s prior consent.

Use of Margin:
Riverview Research only recommends the use margin for cash needs, not in the management of the
Client’s investment portfolio.

Compensation for Sales of Securities:
Riverview Research does not buy or sell securities and does not receive any compensation for securities
...

Item 7 – Types of Clients

Riverview Research primarily provides customized private wealth management and institutional
consulting services to high-net-worth individuals, trusts, estates, charitable organizations, retirement
plans, and corporations. Riverview Research’s minimum Client relationship size is generally
$5,000,000, but this amount may be reduced at the sole discretion of the Advisor.

                                                 Riverview Research, LLC
                                         6595 Brecksville Road, Suite 3, OH 44131
                                        Phone: (216) 573-0420 * Fax: (216) 573-0421
                                                www.riverviewresearch.com