VIP Planners Inc

Item 5 – Fees and Compensation

FEE SCHEDULE

Portfolio Management Services

VIP will charge clients ongoing fees for portfolio management services based on the total
assets held in all household accounts under VIP’s management. The portfolio
management fees are calculated as a percentage of the Client’s assets under management,
including all cash and other assets in the Account(s) (the “Account Value”), as follows:

          Total Assets Under Management                         Annual Fee
          The first $1,000,000                                  1.50%
          On the next $4,000,000                                1.25%
          Assets above $5,000,000                               1.00%

Portfolio management fees are charged based on assets under advisement, computed on
a step-scaled model. The fee is computed on a month-end basis and billed quarterly in
arrears.

The portfolio management fee charged is subject to negotiation with each client based on
the client’s characteristics and may differ from client to client. An IMA may be executed
when financial planning is not provided as part of the relationship. The minimum annual
fee for an arrangement subject to an IMA is $1,500 and is negotiable. Lower fees for
portfolio management services may be available from other sources.

Legacy clients may be subject to a fee schedule that differs from the above-stated fee
schedule, based on the IMA signed at time of engagement.

Fees are calculated as described above, and no performance fees are charged based on a
share of capital gains upon or capital appreciation of the funds or any portion of the funds
of a client.

Other Costs and Expenses

In addition to VIP’s portfolio management fees, all clients will incur underlying
investment expenses and will also incur custody fees and other expenses.

Mutual funds and/or exchange traded funds (“ETFs”) pass along costs to investors by
imposing fees and expenses, such as management fees, operating expenses, shareholder
service fees, and/or transaction costs. These costs reduce the returns on mutual funds and
ETFs. Additionally, mutual funds and ETFs have different share classes with different fee
structures and costs. Some share classes of a fund charge higher internal expenses,
whereas other share classes of a fund charge lower internal expenses. Further, some
mutual funds and/or share classes incur a transaction fee (commonly described as TF

                 VIP PLANNERS, INC. – FIRM BROCHURE FORM ADV PART 2A

shares). Other mutual funds and/or share classes incur no transaction fees (commonly
described as NTF shares), but usually have higher underlying costs, and the associated
costs would ultimately be incurred by the client. While VIP strives to utilize the lowest
cost share class available through its custodian, National Financial Services, LLC,
(Fidelity Investments hereinafter “Fidelity”), there may be other less costly share classes
offered by a fund that are 1) not available on Fidelity’s platform, and/or 2) subject to other
conditions or restrictions that make utilizing such share class unreasonable, costly, or
prohibitive. Therefore, clients should fully understand the costs incurred through these
investments, as fully described in the mutual fund or ETF prospectus that is available
upon request from VIP, and discuss these underlying investment costs with us. We also
review the mutual funds held in accounts that come under our management to determine
whether a more beneficial share class is available, considering cost, tax implications, and
the impact of contingent or deferred sales charges. If a mutual fund share class with a 12b-
1 fee is transferred in-kind to your account (or purchased by VIP into a client’s account if
no other share class is available), Fidelity (or its affiliate) receives the fee. VIP does not
receive any 12b-1 fees.

Other expenses, such as account maintenance fees, retirement account maintenance fees,
processing fees, and service fees, are client-specific, detailed in the client’s custodial
agreement(s) or client’s custodial quarterly statements and paid to Fidelity. For example,
Fidelity charges a fee of $4.95 for equity and ETF transactions for household accounts
that are not enrolled in electronic delivery. Fidelity also charges an account closeout fee
of $75 for nonretirement accounts and $125 for retirement accounts. Custodial expenses
may be waived, in whole or in part, by Fidelity based on level of assets maintained with
them, or other factors and/or conditions, at Fidelity’s sole discretion. Such expenses may
be higher or lower than those required by other custodians. For additional information
regarding Fidelity’s custodial charges, please contact VIP.

Financial Planning Services

VIP’s financial planning services are predicate upon the facts known at the start of the
engagement and include an investment policy statement. The minimum fee is $1,500 and
is negotiable. The financial planning services fees may be negotiable based on the
complexity and scope of the services, as well as the client’s financial situation and
objectives. If additional services or substantially different changes to the engagement
which exceed the estimated fee are required, VIP will notify the client as soon as possible
to discuss the necessary additional fees. A time estimate is provided prior to initiating
additional work, and client approval is required.

After delivery of the financial plan, future face-to-face meeting may be scheduled as
necessary for up to one month. Follow-up implementation work is billed separately at a
rate of $375 per hour and is also negotiable.

                 VIP PLANNERS, INC. – FIRM BROCHURE FORM ADV PART 2A

PAYMENT OF FEES

Portfolio Management Services

Unless otherwise specified, portfolio management fees are charged monthly in arrears
based on assets under advisement, computed on a step-scale model. The fee is computed
...

Item 7 – Types of Clients

VIP generally provides investment management services to individuals, trusts, estates,
charitable organizations, or small business entities. Client relationships vary in scope and
length of service.

The minimum account size is $100,000 of assets under management to maintain their
relationship with us. Clients receiving ongoing portfolio management services will be
assessed a $1,500 minimum annual fee, which may be negotiated or waived by VIP.
Clients with assets below the minimum account size may pay a higher percentage rate on
their annual fees than the fees paid by clients with greater assets under management.
When an account falls below $100,000 in value, the minimum annual fee of $1,500 may
be charged subject to negotiation or waiver as noted above. Depending upon
circumstances, VIP may sign an Hourly Agreement with the client if assets have
diminished significantly below $100,000.

VIP has the discretion to waive the account minimum and minimum annual fee. Accounts
of less than $100,000 may be set up when the client and the advisor anticipate the client
will add additional funds to the accounts bringing the total to $100,000 within a
reasonable time. Other exceptions will apply to employees of VIP and their relatives, or
relatives of existing clients.

                 VIP PLANNERS, INC. – FIRM BROCHURE FORM ADV PART 2A