Verus Advisory Inc

ITEM 5: Fees & compensation
Verus derives 100% of its compensation from retainer agreements between the firm and our clients.
These arrangements can be a flat annual retainer fee, a percentage of assets under advisement or
management (dependent upon the discretionary or non-discretionary nature of the relationship), hourly
rates, or a combination of these arrangements. Management fees based on assets under management
range between 0 and 50 basis points.

The fee structure for each client relationship is based on considerations such as the type of asset pool
and types of fund holdings, while also taking account of the management structure, the complexity of
the servicing requirement, and consultant time and travel expenses.

We may deduct fees from assets or bill them to the client, based on the client’s preference. We bill
monthly or quarterly in arrears and Clients typically pay within 30 days of presentation of an invoice.
Client fees may be paid by check, EFT, or direct debit, as authorized by the client. Should a client elect to
terminate a consulting or asset management relationship with us, we require 30-day written notice.
Verus allows clients to terminate the relationship, without fees, if the termination notice is received
within five days of the initial contract signing. While we typically establish payment of fees in arrears, If a
client elected to pay fees in advance, they will receive a check with a refund prorated from the effective
date of the termination through the end of that billing cycle.

For services provided outside the scope of the primary discretionary (OCIO) or non-discretionary
(Consultant) agreement, the client and Verus may stipulate an hourly rate in a supplemental written
agreement. Our standard hourly rates are as follows: Senior consultant ($675/hour), Consultant
($450/hour), Associate ($350/hour), Analyst ($250/hour).

All transaction, brokerage and custodian fees are paid by the client directly to the custodian, broker, and
investment fund or investment manager. Please see the section labeled “Brokerage Practices” for
further information.

Verus does not accept compensation for the sale of securities or other investment products.

ITEM 7: Types of clients
Verus holds client relationships with a wide variety of institutional investors, including endowments and
foundations, corporate defined benefit and defined contribution plans, public funds, Taft-Hartley trusts,
and high net worth clients.

FORM ADV PART 2A