Silver Oak Advisory Group Inc

Fees and Compensation - Item 5

 Silver Oak bases its fees on a percentage of assets under management, hourly charges, or fixed fees.
 Financial Planning Fees
 The fee for a financial plan is based upon the facts known at the start of the engagement and the
 complexity of the project. Financial planning services are billed at the rate of $350 per hour, or a flat fee
 agreed upon and set forth in the Financial Planning Agreement.
 In the event that the client’s situation is substantially different than disclosed at the initial meeting, a
 revised fee will be provided for mutual agreement. The client must approve the change of scope in
 advance of the additional work being performed when a fee increase is necessary.
 Fees for financial plans are billed $750 in advance, with the balance due upon delivery of the financial
 plan.
 Silver Oak offers a general consulting service on an hourly basis. The fee for such service is payable upon
 completion of the consulting session.
 Within four months after the completion of a financial plan, if a client decides to become a portfolio
 management client, a portion of the advisory fees may be absorbed into the first year’s portfolio
 management fee, for clients subject to the $6,600 minimum annual fee.
 Portfolio Management Fees
 The annual Portfolio Management Agreement fee is based on a percentage of the managed assets
 according to the following schedule:
                            0.95% on the first $1,000,000;
                            0.60% on the assets above $1,000,000
 Investment management fees are billed quarterly, in arrears, meaning that we invoice clients after the
 three-month billing period has ended. Payment in full is expected upon invoice presentation. Fees are
 usually deducted directly from client accounts to facilitate billing, with the client's consent.
 The minimum annual fee is $6,600 depending on the size and complexity of the engagement. Fees may
 be less for larger client relationships and for non-profit and long-term clients. Current client relationships
 exist where the fees are lower than the fee schedule above. Silver Oak, in its sole discretion, may waive
 its minimum fee and/or charge a lesser investment advisory fee based upon certain criteria (e.g., non-

Silver Oak Advisory Group, Inc
Form ADV Part 2A Brochure

 profit clients, length of relationship, type of assets, dollar amounts of assets to be managed, related
 accounts, account composition).
 Other Fees
 Custodians may charge transaction fees on purchases or sales of certain mutual funds and exchange-
 traded funds. These transaction charges are usually small and incidental to the purchase or sale of a
 security. The selection of the security is more important than the nominal fee that the custodian
 charges to buy or sell the security.
 Expense Ratios
 Mutual funds and exchange traded funds generally charge a management fee for their services to run
 the fund. The management fee is called an expense ratio. For example, an expense ratio of 0.50%
 means that the mutual fund company charges one-half of one percent annually for their services. These
 fees are in addition to the fees paid by clients to Silver Oak.
 Past Due Accounts and Termination of Agreement
 The client or the investment manager may terminate an agreement with written notice to the other
 party. At termination, fees will be billed on a pro rata basis for the portion of the quarter completed.
 The portfolio value at the completion of the prior full billing quarter is used as the basis for the fee
 computation, adjusted for the number of days during the billing quarter prior to termination.
 Silver Oak reserves the right to stop work on any account when fees are not paid in a timely manner. In
 addition, Silver Oak reserves the right to terminate any financial planning engagement where a client has
 willfully concealed or has refused to provide pertinent information about financial situations when
 necessary and appropriate, in Silver Oak’s judgment, to providing proper financial advice. Any unused
 portion of fees collected in advance will be refunded within 60 days.

                       Performance-Based Fees and Side-By-Side Management - Item 6

 Performance based fees are based on a share of capital gains on or capital appreciation of the client’s
 assets.
 Silver Oak does not use a performance-based fee structure because of the potential conflict of interest.
 Performance-based compensation may create an incentive for the adviser to recommend an investment
 that may carry a higher degree of risk than is suitable for the client.

Types of Clients - Item 7

 Description
 Silver Oak generally provides investment advice to individuals, trusts, estates, and charitable
 organizations.

Silver Oak Advisory Group, Inc
Form ADV Part 2A Brochure

 Account Minimums
 For ongoing portfolio management services, Silver Oak charges a minimum annual fee of $6,600
 depending on the size and complexity of the engagement.

                     Methods of Analysis, Investment Strategies and Risk of Loss - Item 8