Vickerman Investment Advisors Inc

ITEM 5 - FEES AND COMPENSATION

Vickerman charges advisory fees (“Advisory Fees”) which are calculated as a percentage of assets under management (“Assets”).
Our standard annual Advisory Fee schedule is as follows.
                                            Advisory Fee     Assets managed
                                               1.00%         on the first $1,000,000, plus
                                               0.75%         on the next $2,000,000, plus
                                               0.50%         on amounts over $3,000,000

The Advisory Fee is calculated quarterly and in arrears based upon the average daily balance of the account during the previous
quarter for each level of Assets. The Assets include all positions in the accounts, cash, declared and paid dividends, accrued income
and interest payments, unless specifically excluded or restricted from billing in writing by the client. We have existing clients on a
lower fee schedule and Advisory Fees may be negotiated based on the individual client circumstances, familial relationships,
complexity of relationship, existing client, etc. When you engage us, you will sign an advisory agreement that fully discloses our
Advisory Fee and gives us authorization to debit our fee directly from your accounts.
Clients are also responsible for all transaction charges, fees and other expenses charged and imposed by the custodian who holds
the Assets, which is separate and in addition to our Advisory Fees. Additionally, clients may incur, relative to all mutual fund and
exchange traded fund purchases, charges imposed at the fund level (e.g., management fees and other fund expenses). Accordingly,
clients should review the fees charged by the investments, custodian, and our Advisory Fee to fully understand the total amount of

VICKERMAN INVESTMENT ADVISORS, INC.
FEBRUARY 2026 | PAGE 2

the fees being paid. The investments selected for the clients are not exclusively available to us and could be obtained through other
unaffiliated firms and potentially at a lower fee.

ITEM 7 - TYPES OF CLIENTS

We provide investment advice to individuals, high net worth individuals, foundations, employer sponsored retirement plans,
charitable organizations, institutions, trusts and estates.