Veritas Independent Partners LLC

Item 5 Fees and Compensation
Portfolio Management Fee
Portfolio management is provided on an asset-based fee arrangement. Management fees are
calculated based on the aggregate market value of your account on the last day of the calendar month.
See "Billing" below under "Protocols for Portfolio Management" for more information on how the fee is
calculated.

We retain discretion to negotiate the management fee within each tier on a client-by-client basis
depending on the size and complexity of the portfolio managed. The tier breaks are as follows:

Asset Fee Tier                                                                          Maximum Fee Rate*
Up to $49,000                                                                           2.00%
$50,000 to $99,999                                                                      1.75%
$100,000 to $249,999                                                                    1.50%
$250,000 to $999,999                                                                    1.25%
$1,000,000 or more                                                                      1.00%

*The Client's Advisory Agreement will contain the actual amount of the Client's Advisory Fee Rate(s),
the applicable Asset Tiers and whether tiers will be determined at the household or individual account
level.

Special circumstances may require an adjustment to this schedule. We generally require a minimum
initial investment of $200,000 to open a managed account; however, we retain the right to waive or
reduce this minimum if we feel circumstances are warranted. All management fees will be fully
disclosed to you in an Investment Advisory Agreement prior to conducting any portfolio management
services.

Protocols for Portfolio Management.
The following protocols establish how we handle our portfolio management accounts and what you
should expect when it comes to: (i) managing your account; (ii) your bill for portfolio management; (iii)
deposits and withdrawing funds from your account(s); and, (iv) other fees charged to your account(s).

Discretion
Unless you request otherwise, we will establish discretionary trading authority on all management
accounts to execute securities transactions at any time without your prior consent or advice. At any
time, however, you may impose restrictions, in writing, on our discretionary authority (i.e., limit the
types/amounts of particular securities purchased for your account, exclude the ability to purchase
securities with an inverse relationship to the market, limit our use of leverage, etc.).

Billing
Your account will be billed a fee monthly in arrears based on the fair market value of your portfolio that
falls within the tier of our fee schedule.

For example:
Account Value as of January 31: $1,000,000 (Assumes account was opened on or before January 1.)
Annual Fee 1%. Annual Fee = $10,000 (amount paid will be 1/12 of $10,000 or $833.33/for the month
of January).

For new managed accounts opened after the first of the month, the management fee will be based
upon a pro-rated calculation. The calculation will be based on your asset balance on the last day of the
month beginning with the date you signed your Customer Agreement.

Advisory fees will be deducted first from any money market funds or cash balances. If such assets are
insufficient to satisfy payment of such fees, a portion of the account assets will be liquidated to cover
the fees.

Trutoro relies on industry standard data feeds from third-party software providers to generate our
billing Invoice which is submitted to the custodian . On occasion, there can be a minor discrepancy
due to trade settlements or corporate reorganizations that are pending settlement at the end of the
month. These pending transactions could cause a difference in your market value that we use to
calculate your fee versus your custodial statement. We calculate fees based on the end of month
balance provided by Schwab ). In the event you identify a discrepancy, please contact our firm at
501-358- 6131. Additionally, the information from the data feeds may include minor rounding errors.
Where your custodial statement may include four digits past the decimal point, our third-party software
providers may include more or less than four digits past the decimal which could cause a minor
rounding error. These minor rounding errors can cause the market values to reflect differently than
what is shown on your custodial statement. In all cases, the rounding error does not materially impact
the value shown on your billing statement.

We encourage you to reconcile our fee with the statement(s) you receive from the qualified custodian.
If you believe the fee is calculated incorrectly , please call our main office number located on the cover
page of this firm brochure.

Fee Exclusions
The above fees for all of our management services are exclusive of any charges imposed by the
custodial and/or brokerage firm including, but not limited to: (i) any Exchange/SEC fees; (ii) certain
transfer taxes; (iii) service or account charges, including, postage/handling fees, electronic fund, and
wire transfer fees, auction fees, debit balances, margin interest, certain odd-lot differentials and mutual
fund short-term redemption fees; and (iv) brokerage and execution costs associated with securities
held in your managed account. There can also be other fees charged to your account that are
unaffiliated with our management services.

In addition, all fees paid to us for portfolio management services are separate from any fees and
expenses charged on mutual fund shares by the investment company or by the investment advisor
managing the mutual fund portfolios. These expenses generally include management fees and various
fund expenses, such as: redemption fees, account fees, and purchase fees may occur but are the
exception within managed accounts at institutional custodians. A complete explanation of these
...

Item 7 Types of Clients
The types of clients we offer advisory services to include individuals and their family members,
foundations and endowments, charitable organizations, corporations and/or small businesses, trusts,
guardianships, and estates.

As stated in Item 5 above, we generally require a minimum initial investment of $200,000 to open a
managed account.