Item 5 Fees and Compensation
INVESTMENT SUPERVISORY SERVICES ("ISS"
INDIVIDUAL PORTFOLIO MANAGEMENT FEES
Our annual fees for Investment Supervisory Services are based upon a percentage of assets
under management. The standard fee is 1% on the first $1,000,000; 1/2 of 1% on the next
$1,000,000 and 1/4 of 1% on amounts over $2,000,000. The minimum fee for advisory
services is $6,000 per annum. Fees are billed directly to the client or deducted from the
client's brokerage account on a quarterly basis per the investment management agreement.
Limited Negotiability of Advisory Fees: Although Spoor Behrins Campbell & Young
Securities Corp. has established the aforementioned fee schedule(s), we retain the discretion
to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs
are considered in determining the fee schedule. These include the complexity of the client,
assets to be placed under management, anticipated future additional assets; related
accounts; portfolio style, account composition, reports, among other factors. The specific
annual fee schedule is identified in the contract between the adviser and each client.
We may group certain related client accounts for the purposes of achieving the minimum
account size requirements and determining the annualized fee.
Discounts, not generally available to our advisory clients, may be offered to family members
and friends of associated persons of our firm.
FINANCIAL PLANNING FEES
Spoor Behrins Campbell & Young Securities Corp.'s Financial Planning fee is determined
based on the nature of the services being provided and the complexity of each client’s
circumstances. All fees are agreed upon prior to entering into a contract with any client.
Our Financial Planning fees are calculated and charged on a fixed fee basis, typically ranging
from $4,000 to $6,000, depending on the specific arrangement reached with the client.
The client is billed quarterly in arrears.
GENERAL INFORMATION
Termination of the Advisory Relationship: A client agreement may be canceled at any
time, by either party, for any reason upon receipt of written notice. Upon termination of any
account, any prepaid, unearned fees will be promptly refunded.
Mutual Fund Fees: All fees paid to Spoor Behrins Campbell & Young Securities Corp. for
investment advisory services are separate and distinct from the fees and expenses charged
by mutual funds and/or ETFs 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. If the fund also imposes sales charges, a client
may pay an initial or deferred sales charge. A client could invest in a mutual fund directly,
without our services. In that case, the client would not receive the services provided by our
firm which are designed, among other things, to assist the client in determining which mutual
fund or funds are most appropriate to each client's financial condition and objectives.
Accordingly, the client should review both the fees charged by the funds and our fees to fully
understand the total amount of fees to be paid by the client and to thereby evaluate the
advisory services being provided.
Wrap Fee Programs and Separately Managed Account Fees: Spoor Behrins Campbell &
Young Securities Corp. does not act as an advisor or subadvisor in any wrap fee program or
separately managed account.
Additional Fees and Expenses: In addition to our advisory fees, clients are also
responsible for the fees and expenses charged by custodians and imposed by broker
dealers, including, but not limited to, any transaction charges imposed by a broker dealer with
which an independent investment manager effects transactions for the client's account(s).
Please refer to the "Brokerage Practices" section (Item 12) of this Form ADV for additional
information.
Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are
subject to Spoor Behrins Campbell & Young Securities Corp.'s minimum account
requirements and advisory fees in effect at the time the client entered into the advisory
relationship. Therefore, our firm's minimum account requirements will differ among clients.
ERISA Accounts: Spoor Behrins Campbell & Young Securities Corp. is deemed to be a
fiduciary to advisory clients that are employee benefit plans or individual retirement accounts
(IRAs) pursuant to the Employee Retirement Income and Securities Act ("ERISA"), and
regulations under the Internal Revenue Code of 1986 (the "Code"), respectively. . As such,
our firm is subject to specific duties and obligations under ERISA and the Internal Revenue
Code that include among other things, restrictions concerning certain forms of compensation.
To avoid engaging in prohibited transactions, Spoor Behrins Campbell & Young Securities
Corp. may only charge fees for investment advice about products for which our firm and/or
our related persons do not receive any commissions or 12b-1 fees, or conversely, investment
advice about products for which our firm and/or our related persons receive commissions or
12b-1 fees, however, only when such fees are used to offset Spoor Behrins Campbell &
Young Securities Corp.'s advisory fees.
Advisory Fees in General: Clients should note that similar advisory services may (or may
not) be available from other registered (or unregistered) investment advisers for similar or
lower fees.
Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of
fees in excess of $500 more than six months in advance of services rendered.