Tetley Investments LLC

Item 5: Fees and Compensation

D. Prepayment of Client Fees
Tetley does not require the prepayment of its advisory or financial planning fees. Tetley’s fees
will either be paid directly by the client or disbursed to Tetley by the qualified custodian of the
client’s investment accounts, subject to prior written consent of the client. The custodian will
deliver directly to the client an account statement, at least quarterly, showing all investment and
transaction activity for the period, including fee disbursements from the account.
A client investment advisory agreement may be canceled at any time by the client, or by Tetley
with 30 days’ prior written notice to the client. Upon termination of any account, any earned,
unpaid fees will be immediately due and payable. The client has the right to terminate an
agreement without penalty within five business days after entering into the agreement.

E. External Compensation for the Sale of Securities to Clients
Tetley’s members are compensated solely through advisory fees paid by the firm’s clients. Tetley
is not paid any sales, service, or administrative fees for the sale of mutual funds or any other
investment products.

F. Important Disclosure – Custodian Investment Programs
Please be advised that the firm utilizes certain custodians/broker-dealers. Under these
arrangements we can access certain investment programs offered through such custodian(s)
that offer certain compensation and fee structures that create conflicts of interest of which
clients need to be aware. Please note the following:
Limitation on Mutual Fund Universe for Custodian Investment Programs: There are certain
programs in which we participate where a client’s investment options may be limited in certain
of these programs to those mutual funds and/or mutual fund share classes that pay 12b-1 fees
and other revenue sharing fee payments, and the client should be aware that the firm is not
selecting from among all mutual funds available in the marketplace when recommending
mutual funds to the client.
Conflict Between Revenue Share Class (12b-1) and Non-Revenue Share Class Mutual Funds:
Revenue share class/12b-1 fees are deducted from the net asset value of the mutual fund and
generally, all things being equal, cause the fund to earn lower rates of return than those mutual
funds that do not pay revenue sharing fees. The client is under no obligation to utilize such
programs or mutual funds. Although many factors will influence the type of fund to be used, the
client should discuss with their investment adviser representative whether a share class from a
comparable mutual fund with a more favorable return to investors is available that does not
include the payment of any 12b-1 or revenue sharing fees given the client’s individual needs
and priorities and anticipated transaction costs. In addition, the receipt of such fees can create
conflicts of interest in instances where the custodian receives the entirety of the 12b-1 and/or
revenue sharing fees and takes the receipt of such fees into consideration in terms of benefits it
may elect to provide to the firm, even though such benefits may or may not benefit some or all
of the firm clients.

                          Part 2A of Form ADV: Tetley Investments Brochure

Item 7: Types of Clients
Tetley offers its financial planning and investment services to individuals and high-net-worth
individuals, pension and profit sharing plans, corporations, charitable organizations, and trusts.
Tetley does not require a minimum account size or fee.

                          Part 2A of Form ADV: Tetley Investments Brochure