Summitry LLC

Fees and Compensation
Description
Summitry is compensated for our advisory services and financial planning by fees received from our clients. The
basic fee schedule is based upon a percentage of assets under management.

Fee Schedule
Summitry’s standard fee is on a sliding scale:

1.25% annually on assets up to $2.5M

1.00% annually on the next $2.5M

0.75% annually on the next $5M

0.625% annually on assets above $10M

We also manage portfolios as part of an SMA relationship as described in the Other Financial Industry Activities
section of this brochure. Due to the nature of the SMA relationships, we will not charge our normal fees but will use
an alternate fee schedule that ranges from 0.50% up to 1.00% of assets under management. Only clients who retain
Jackson Financial Services or Procore Advisors in addition to Summitry can receive the modified fee structure
relevant to those unaffiliated advisors.

The amount of the fee is negotiated on a case-by-case basis with the client, and is determined based upon a number
of factors including the amount of work involved, the assets placed under management and the attention needed
to manage the account. We may assess a minimum annual fee of $5,000 to accounts receiving ongoing asset
management services. As a result, accounts with a small balance may pay a higher annual fee as percentage of total
assets.

Standalone Financial Planning Fees
Summitry charges fees for standalone financial planning services provided to individuals who are not investment
management clients. Fees for standalone financial planning engagements are charged on a flat fee basis as agreed
upon in the Financial Planning Agreement executed with the client prior to the commencement of services. Flat fees
range from $1,500 to $5,000 depending on the scope and complexity of the engagement.

Fees for standalone financial planning services are due in full upon execution of the Financial Planning Agreement.
Standalone financial planning fees are separate from and in addition to any investment management fees that may

be charged if the client subsequently engages Summitry for investment management services. Standalone financial
planning engagements may be terminated by either party upon written notice. Fees paid in advance will be refunded
on a pro-rata basis for any unearned portion at the time of termination.

Mutual Fund Management Fee
In return for managing Fund assets, Summitry receives a fee of no more than 1.00% of the value of Fund assets per
year. Summitry does not charge a management fee to clients holding GGEFX in their advisory accounts because of
the expenses involved when investing in GGEFX. Please see the GGEFX prospectus for more details.

Fee Billing
Fees are billed in advance at the beginning of each calendar quarter, based on the assets as of the last day of the
previous quarter. Fees will be deducted directly from the client's brokerage account pursuant to a written
agreement. However, some clients choose to pay by check, which is a request that we will accommodate.
Investment advisory services begin with the effective date of the Wealth Management Agreement, which is the date
the client signs the Wealth Management Agreement, provided funds are available. For the first calendar quarter,
fees will be adjusted pro rata based upon the number of days in the calendar quarter that Wealth Management
Agreement was effective. We will provide the client with a separate copy of each invoice, setting forth the basis for
the calculation.

The client or Summitry may terminate the Wealth Management Agreement at any time, upon written notice. Upon
termination, the fees charged for advisory services will be pro-rated and refunded for any unearned fees. The client
is responsible to pay for services rendered until the termination of the Wealth Management Agreement.

Other Fees
As further discussed in “Other Financial Industry Activities and Affiliations” below, we may select Independent
Managers from those made available by our custodians. Independent Managers that we recommend to clients
charge fees in addition to and separately from our fees and typically bill clients monthly or quarterly, depending on
the manager. Those fees are typically based on the individual client’s assets under their management. Depending
on the specific Independent Manager and strategy, fees and billing practices vary. Such fees and other terms may
be disclosed to clients in each Independent Manager’s Form ADV, in the information provided by the Custodian to
Summitry or its clients, or in the account agreements executed by our custodians, Summitry and the client.
Summitry is not entitled to and does not receive any portion of the additional fees and expenses associated with the
use of any Independent Managers.

In connection with our advisory services, clients may also incur and are responsible for the fees and expenses
charged by their custodians and imposed by broker-dealers. Such fees may include, but are not limited to, custodial

fees, transaction costs, fees for duplicate statements and transaction confirmations, brokerage commissions, mutual
fund expenses and fees for electronic data feeds and reports. These fees will vary depending on the custodian, the
client’s level of assets with the custodian and in some cases the client’s choice of paper or electronic delivery. Please

see the Brokerage Practices section for more information.

Additional Compensation
Summitry, on an occasional basis, may be engaged to render an opinion on the validity of the strategy and asset
allocation of an account placed at another investment advisor. In that situation, the account holder at the other
advisor would be our client, in that Summitry would charge a fee for the time and opinion. Fees for this service vary.

Performance-Based Fees & Side-by-Side
Management
Summitry, the Independent Managers, and our Supervised Persons do not accept performance-based fees. All fees
...

Types of Clients
Description
    Summitry’s clients include:

    •   Individuals
    •   High Net Worth Individuals
    •   Investment companies
    •   Other Investment Advisors
    •   Pension and profit-sharing plans
    •   Trusts, estates or charitable organizations
    •   Corporations or businesses other than those listed above

Account Minimums
The minimum amount for opening an account is $1 million for individuals or $250,000 if the account is opened
through a separately managed relationship with another advisor. We may waive these minimums at our discretion.

Methods of Analysis, Investment Strategies
and Risk of Loss