TUVE Investment Management Inc

Item 5: Fees & Compensation

    How We Are Compensated for Our Advisory Services

    Asset Management:

    Clients’ annual fees shall be based on a negotiated percentage of the market value of their assets
    under management not to exceed 1.50%. The annual fee is billed on a pro-rata basis monthly in
    arrears based on the value of the account on the last day of the previous month.

    The first monthly advisory fee will include a pro-rated amount for services rendered from the
    account enrollment date with the qualified custodian. Fees will be deducted from the custodial
    account. If requested, we will directly bill clients. As part of the fee deduction process, the client is
    made aware of the following:

ADV Part 2A – Firm Brochure                         Page 4                            Tuve Investment Management, Inc.

         a) The qualified custodian sends monthly statements to you showing the market values for each
            security included in the Assets and all disbursements in your account including the amount
            of the advisory fees paid to us;
         b) You provide authorization permitting us to be directly paid by these terms;
         c) If we send a copy of our invoice to you, our invoice includes a legend urging the client to
            compare information provided in their statements with those from the qualified custodian.

    Other Types of Fees & Expenses

    Clients will incur transaction charges for trades executed in their accounts. These transaction fees
    are separate from our fees and will be disclosed by the firm that the trades are executed through.
    Also, clients will pay the following separately incurred expenses, which we do not receive any part
    of: charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall be
    disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses).

    Clients will incur transaction fees for trades executed by their chosen custodian via individual
    transaction charges. These transaction fees are separate from our firm’s advisory fees and will be
    disclosed by the chosen custodian. However, clients should note that Charles Schwab & Co., Inc. does
    not charge transaction fees for U.S. listed equities and exchange traded funds.

    Termination & Refunds

    Either party may terminate the advisory agreement signed with our firm in writing at any time. Upon
    notice of termination pro-rata advisory fees for services rendered to the point of termination will be
    charged. If advisory fees cannot be deducted, our firm will send an invoice for due advisory fees to
    the client.

    Commissionable Securities Sales

    Our firm and representatives do not sell securities for a commission in advisory accounts.

Item 7: Types of Clients & Account Requirements

    We have the following types of clients:
       • Individuals and High Net Worth Individuals;

    We do not impose requirements for opening and maintaining accounts or otherwise engaging us.