St John & Associates Inc

Item 5        Fees and Compensation
                               INVESTMENT SUPERVISORY SERVICES ("ISS")
All fee schedules are agreed upon prior to entering into a contract with any client. With the exception
of the initial retainer fee between $1000 and $5000 depending on complexity of situation and any
ongoing retainer for completing the client initial financial plan as elsewhere explained, all fees are
asset based and charged in arrears on a quarterly basis.

The specific manner in which fees are charged by St. John & Associates, Inc. is established in the client’s
written Engagement and Fee Agreement. Clients may elect to be billed directly for asset-based fees or
authorize Advisor to debit fees from client's accounts. Fees for all accounts are either debited from their
taxable account, debited from all accounts held at Fidelity on a pro rata basis, paid directly by check or
credit card, or in some combination of the above as authorized by the client and permitted by IRS
regulations. Fees for assets held away including 401(k) plan accounts are debited from client’s taxable
account, by debit or credit card, or billed directly for payment as required by regulations.
Engagements initiated or terminated during a calendar quarter are charged on a prorated fee basis.
Upon termination of any account, unearned fees, if any, will be promptly refunded, and any earned
unpaid fees will be due and payable.

The firm has three primary fee schedules: one for financial services with portfolio management, one for
portfolio management with limited financial services, and one for portfolio management only. Fees are
not negotiable, but client may select any one of these three types of engagement. The Advisor does
not offer new clients financial planning or financial services without portfolio management.

New clients engage Advisor under a financial service contract for the development and implementation
of an initial personal financial plan (PFP) prior to any portfolio management. In most cases, the initial
retainer fee is between $1000 and $5000 depending on complexity of situation for the development of
such financial plan plus an additional for each additional is between $1000 and $5000 depending on
complexity of situation for each additional quarter until the plan is completed and the client has signed
off on the plan. Most PFPs are expected to be completed within 3 months from the time the contracts
have been signed, and the engagement has begun. The Client is not charged any asset-based fees until
the client has signed off on their PFP.

Generally, clients continue on Financial Planning and Services for a minimum of one year from the
completion of the initial plan. During such time, Advisor will review and evaluate all elements of
the Personal Financial Plan, make our recommendations for change, and update the Personal Financial
Plan to reflect said changes once made. Clients may at any time after one year from the completion

of their financial plan, choose to change from a Financial Service to either a Portfolio Management Only
or to a Portfolio Management Plus, limited financial service as is appropriate for their situation. Portfolio
Management Only clients have financial services available to them on an hourly basis.
Clients with assets held at Fidelity may incur direct charges such as short-term trading fees, or special
service charges imposed by custodians and brokers such as foreign taxes, wire transfer, and electronic
fund fees. Such internal and special charges are exclusive of and in addition to the Advisor’s fee.
Clients invested through Orion/ TD Ameritrade (now Schwab) and others not yet invested in the new
investment structure during 2024 invested mainly in no load or load waived institutional class mutual
funds so trading or transactional fees were infrequent. Occasionally, advisor may select transaction
fee funds through Fidelity where such mutual fund performance is clearly superior, and where there
is no annual 12(b)1 fee charged by the mutual fund.

Client portfolios invested through the investment structure with sub-advisors will be charged a
portfolio management fee by the sub-advisors in addition to those shown in the tables below. Such fee
is detailed in each client’s engagement and fee agreement but is subject to future change by the sub-
advisor. Such management fees will be charged directly from the sub-advisors to client accounts, but
such fees typically will be less than the fees charged to the client by their prior actively managed
mutual funds.

St. John & Associates, Inc. works with clients on a retainer and/or asset-based fee only in a fiduciary
capacity. Under any fee schedule, the Advisor neither receives nor accepts any commissions or third-
party fees and is paid only by the client. A few clients have been grandfathered with lower fees
or lower minimum requirements. A Financial Service Engagement may cost the client more or less than
purchasing such services separately elsewhere.

                                   PORTFOLIO MANAGEMENT ONLY
                               MODEL PORTFOLIO MANAGEMENT FEES
The annualized fee for Portfolio Management Only Services will be charged on a tiered basis as a
percentage of assets under management, (excepting those at Orion/TD Ameritrade (now Schwab)
referenced in their own section) according to the following schedule:

 Assets Under Management                                    Annual Fee
 Assets up to $500,000                                      1.00%
 From $500,001 up to $1,000,000                             0.80%

 From $1,000,001 up to $2,000,000                           0.60%

 From $2,000,001 up to $10,000,000                         0.40%

Fees for assets in excess of $10,000,000 are set at 0.20% but may be negotiable on an individual basis.
These fees are charged at 25% of the above amounts at the end of each quarter. A minimum of
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Item 7        Types of Clients
St. John & Associates, Inc. provides advisory services to the following types of clients:
Advisor provides investment advice to individuals, families, their trusts, estates and privately-owned
businesses. In addition, St. John & Associates, Inc. serves as an investment consultant to plan sponsors
for the establishment, portfolio design, and education of their employees as to their specific company
401(k) o r 4 0 3 ( b ) plans.

As a result of minimum purchase requirements set by our current investment structure, Advisor has
determined a minimum portfolio size for all new clients (including all accounts making up the portfolio)
of $250,000 custodied at Fidelity for fully diversified portfolios. On a case-by-case basis, we will consider
smaller accounts.

While St. John & Associates does not engage any one type of client on an exclusive basis, our current client
population tends to be professionals including physicians, small business owners, business executives of
private or public corporations, trusts and foundations.