Vann Equity Management LLC

Item 5 – Fees and Compensation

Type of Compensation
      Based on the investment services provided, VEM is compensated by the following means:
           •   A percentage of assets under management.
           •   Hourly charges.
           •   Fixed fees (other than subscription fees).

Asset Management Service Fees
For VEM asset management services, we will charge an annual fee based on a percentage of the
market value of the assets being managed. Our fee for asset management services is set forth in
the following tiered fee schedule. Our fees are negotiable based upon certain criteria (e.g.,
historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with you, etc.).

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                                                  Fee Schedule

   Assets Under Management                        Annual Fee                  Negotiated Fee
         $0 - $249,999                                 1.25%                           1.00%
         $250,000 - $499,999                           1.15%                           1.00%
         $500,000 - $749,999                           1.10%                           1.00%
         $750,000 – 999,999                            1.00%                           1.00%
         1,000,000 – 2,999,999                         0.95%                            0.95%
         3,000,000 – 4,999,999                         0.90 %                           0.90%
         Over $5,000,000                               0.75%                            0.75%

This is a tiered, or breakpoint fee schedule, and the entire portfolio is charged the same asset
management fee based upon the total assets under management. The annual fee may be negotiable
based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning
capacity, anticipated future additional assets, dollar amounts of assets to be managed, related
accounts, account composition, negotiations with
Clients, etc.). The fees you will pay will be clearly stated in the advisory agreement that you signed
with our firm.
To determine the advisory fees you will be charged, we will combine the value of all accounts
maintained by you and your family members (a process commonly referred to as householding).
For example, if you had four accounts that had a combined total of just over $1 million dollars,
each account would be charged based on the over $1 million threshold noted in the fee schedule
above. In combining accounts for purposes of determining the amount of the advisory fee that will
be charged, while we will normally include your accounts, the accounts of your spouse, the
accounts for the benefit of your minor children, and the accounts of any relatives supported by
you, we will add the accounts of any other relatives you identify.
Clients generally authorize us to directly debit fees from their accounts. Fees are billed monthly,
in arrears, and are based on the average daily balance of your account during the preceding month.
If fees are in excess or fall short of the monthly fee that is billed, the fees will be reconciled the
following month with either an additional debit or a credit to your account. If insufficient cash is
available in your account to pay the fee charged to your account, we will sell investments from
your account in an amount sufficient to pay the fee.
When you establish an investment advisory relationship with VEM, your first month’s advisory
fee will be prorated based on the number of days your account was under our management.
Similarly, when you terminate your advisory relationship with VEM, your last month’s advisor
fee will be prorated based on the number of days your account was under our management. Upon

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the opening of a client account, we will not begin the average daily balance calculation until the
account is funded.
The custodian holding your account will send you an account statement on a monthly basis which
provides details of all activity in your account, including the advisory fees that were deducted.
Please review each statement for accuracy. VEM will have access to copies of your account
statements from the custodian.

GeoWealth Platform Fees
The GeoWealth Platform Fee will be charged as a percentage of assets under management. For
Clients utilizing the GeoWealth Platform, GeoWealth will charge all fees including the Vann
Advisory Fee.

On the GeoWealth Platform, the Client shall pay various Investment Management Fees as outlined
in written Investment Plans provided for each Account and require the Client’s approval before
implementation. In certain cases, Sub-Advisers charge an additional annual fee ranging from
0.10% to 0.50% of assets under management. The actual Investment Management Fee charged
may vary due to changes in the selected Model or Program, changes in the composition of
strategies within a Model, and variations in the value of Account assets affiliated with each model
due to normal market fluctuations. The Investment Management Fee is calculated by GeoWealth,
GeoWealth instructs the Custodian to deduct the fee from the Client’s Account, and GeoWealth
processes the payment of the fee to the applicable Sub-Adviser. Assets invested in professionally
managed pooled vehicles such as exchange-traded funds and mutual funds incur operating
expenses within the funds, for which the Client is referred to the fund prospectus and/or other
disclosure documentation regarding any internal fees or other charges.
Realized Sub-Advisory Fees
Pursuant to the Sub-Advisory Agreement, Realized may be engaged by VEM to provide
...

Item 7 – Types of Clients

Client Types
We offer portfolio management investment advice to the following types of clients:
       •       Individuals
       •       Families
       •       High net worth individuals
       •       High net worth families
       •       Pension and profit-sharing plans (other than participants)
       •       Charitable organizations
       •       Trusts
       •       Estates
       •       Private business owners
       •       Private foundations
       •       Retirement plans

 Account Minimum Requirements
For accounts managed in investment strategies developed by VEM, a minimum of $40,000 is
required for asset allocation models and $250,000 for equity portfolios. A minimum of $50,000 is
required for Unified Managed Account Program accounts. However, subject to applicable law,
actual advisory fees and the required minimum dollar value of assets may be negotiated. Fees may
also vary due to the client's particular circumstances, additional or different levels of service, or as
otherwise agreed with specific clients.