Tandem Financial LLC

ITEM 5 – FEES AND COMPENSATION

INVESTMENT MANAGEMENT FEES AND COMPENSATION

Our Firm charges a fee as compensation for providing Investment Management services on your
account. These services include advisory services, trade entry, investment supervision, and other
account maintenance activities. Our recommended Custodian charges transaction costs, custo-
dial fees, redemption fees, retirement plan and administrative fees or commissions. See Addi-
tional Fees and Expenses below for details.
Our calendar quarterly investment management fee can be billed in Arrears or in Advance. If you
are billed in arrears, it is based on the average daily balance of your account during the previous
calendar quarter. If you are billed in Advance, fees are based on the end of quarter valuation and
adjusted for cash flows during the prior quarter. Our maximum annual advisory fee is 1.25%.
Tandem Financial may impose a minimum annual advisory fee of $2,500 per household, however,
advisory fees are negotiable at the firm’s discretion. This fee may be debited directly from your
investment account or you may pay this fee separately. Cash and cash equivalents and any margin
debt balances are included in the calculation of advisory fees, unless otherwise noted and agreed
to in the executed Agreement.
Fees vary based on the size of the account, complexity of the portfolio, extent of activity in the
account, or other reasons agreed upon by our Firm and you as the client. In certain circumstances,
our fees and the timing of the fee payments may be negotiated. Our employees and their family
related accounts may be charged a reduced fee for our services.
The independent and qualified Custodian holding your funds and securities will debit your account
directly for the advisory fee and pay that fee to us. When establishing a relationship with Tandem
Financial, you provide written authorization permitting the fees to be paid directly from your ac-
count held by the qualified Custodian. Further, the qualified Custodian agrees to deliver an ac-
count statement to you on a quarterly basis indicating all the amounts deducted from the account
including our advisory fees.

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Accounts initiated or terminated during a calendar quarter will be charged a prorated fee based
on the days the Client account was open during that quarter. Any prepaid, unearned fees will be
refunded upon termination of any account. Upon termination, you are responsible for monitoring
the securities in your account, and we will have no further obligation to act or advise with respect
to those assets. In the event of a client’s death or disability, Tandem Financial will continue man-
agement of the account until we are notified of the client’s death or disability and given alterna-
tive instructions by an authorized party.

LEGACY MANAGEMENT FEE

Managed legacy positions are generally included, but may be excluded, within our Firm’s standard
investment management fee and are outlined in the executed Investment Advisory Agreement.

FINANCIAL PLANNING FEES

Financial planning is a standard part of our services and is included in our investment manage-
ment fees for both new and existing clients. This typically includes ongoing planning services that
support portfolio management.
In certain circumstances, more extensive or project-based financial planning services that go
beyond the scope of ongoing investment management may be offered on a standalone basis or
in addition to investment management for a separate fee.
If financial planning is provided as a standalone service or in addition to investment management,
we may charge either a flat fee—ranging from $2,500 to $25,000—or an hourly rate. Our typical
hourly rate is $250, with a maximum of $400 per hour.
All fees are subject to negotiation or reduction at our discretion, depending on the scope and
complexity of the services provided.
RETIREMENT PLAN SERVICES FEES
For Retirement Plan Advisory Services compensation, we charge an advisory fee as negotiated
with the Plan Sponsor and as disclosed in the Employer Sponsored Retirement Plans Consulting
Agreement (“Plan Sponsor Agreement”). Our maximum advisory fees do not exceed 1.25% annu-
ally. Advisory fees are negotiable at the firm’s discretion.
Typically, the billing period for these fees are paid quarterly. This fee is generally negotiable, but
terms and advisory fee is agreed to in advance and acknowledged by the Plan Sponsor through
the Plan Sponsor Agreement and/or Plan Provider’s account agreement. Fee billing methods vary
depending on the Plan Provider.
Either our Firm or the Plan Sponsor may terminate the Agreement upon 30 days written notice to
the other party. The Plan Sponsor is responsible to pay for services rendered until the termination
of the Agreement.

ADMINISTRATIVE SERVICES – THIRD-PARTY

We have contracted with Tamarac Reporting (“Tamarac”) to utilize its technology platforms to
support data reconciliation, performance reporting, fee calculation, client relationship mainte-
nance, quarterly performance evaluations, and other functions related to the administrative tasks

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of managing client accounts. Due to this arrangement, Tamarac will have access to client ac-
counts, but Tamarac will not serve as an investment advisor to our clients or bill the accounts.
Tandem and Tamarac are non-affiliated companies. Tamarac charges our Firm an annual fee for
each account administered by its software. Certain clients may be charged a separate technology
and reporting fee of $10 per quarter ($40 annually) to cover services provided by our performance
reporting platform in addition to the advisory fee. This fee, when applicable, will be disclosed in
the client’s advisory agreement. The annual fee is paid from the portion of the management fee
retained by Tandem.
When applicable, this fee will be clearly disclosed in the client’s advisory agreement prior to being
...

ITEM 7 - TYPES OF CLIENTS

We provide investment advice to individuals, high-net-worth individuals, estates, trusts, founda-
tions, charities, businesses, and pension plans. Because each Client is unique, you must be willing
to be involved in the planning and ongoing processes. Tandem Financial has no minimum account
size for opening or maintaining an account.

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