Vision Capital Partners

Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services
provided by the Advisor. Each Client engaging the Advisor for services described herein shall
be required to enter into a written agreement with the Advisor.

A. Fees for Advisory Services
Investment Management Services
Investment advisory fees are paid quarterly in advance of each calendar quarter pursuant to the
terms of the investment advisory agreement. Investment advisory fees are based on the market
value of assets under management at the end of each calendar quarter. Investment advisory
fees range from 0.40% to 1.85%, the Advisor has multiple tiered fee schedules that fall within
the range of fees.

Investment advisory fees in the first quarter of service are prorated from the inception date of the
account to the end of the first quarter. Fees may be negotiable at the sole discretion of the
Advisor. The Client’s fees will take into consideration the aggregate assets under management
with the Advisor. All securities held in accounts managed by VCP will be independently valued
by the Custodian. VCP will not have the authority or responsibility to value portfolio securities.

The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client.
                                               Vision Capital Partners
                                2211 Old Earhart Rd., Suite 155 * Ann Arbor, MI 48105
                                   Phone: (734) 356-3250 * Fax: (734) 356-3251
                                        http://www.visioncapitalpartners.com

However, the Advisor shall not receive any portion of these commissions, fees, and costs. The
hourly fees are determined after considering many factors, such as the level and scope of the
services.

Third Party Asset Managers
As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio
utilizing one or more third party asset managers. To eliminate any conflict of interest, the Advisor
does not earn any compensation from an third party asset manager. The Advisor will only earn
its investment advisory fee as described above. The Advisor will allocate a portion of the
advisory fee collected to the third party asset manager pursuant to the terms of the executed
agreement between the Advisor and the Independent Manager. The total blended fee, including
the Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00% annually.

Financial Planning and Consulting Services
VCP offers financial planning or consulting services either on an hourly basis or for a fixed fee.
Hourly fees range from $100 to $300. Fixed fees range from $3,000 to $25,000. Fees may be
negotiable depending on the nature and complexity of each Client’s circumstances. An estimate
for total hours will be determined prior to establishing the advisory relationship.

Defined Contribution Plans
Pursuant to the terms of the investment advisory agreement with each Plan Sponsor, the
Advisor will receive an investment advisory fee, billed quarterly in advance of each quarter
based on the value of the Plan assets under advisement on the last day of the prior quarter.
Fees are charged at an annual rate ranging from 0.25% to 2.75% of Plan assets annually.

Other Services
VCP offers services to individuals, families, and corporations. In some instances, the Advisor
charges fixed fees on a transactional or periodic basis, and other instances the Advisor charges
basis points, depending on the nature and complexity of the arrangement. From time-to-time
the Advisor may also charge hourly fees for these services. The fees are determined after
considering many factors and are agreed to prior to entering into an agreement with the Client.

B. Fee  Billing
Investment Management Services
Investment advisory fees will be automatically deducted from the Client Account by the
Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees
to be deducted from the Client Account at the respective quarter end date. The amount due is
calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under
management with VCP at the end of each quarter. Clients will be provided with a statement, at
least quarterly, from the Custodian reflecting deduction of the investment advisory fee. It is the
responsibility of the Client to verify the accuracy of these fees as listed on the custodian’s
brokerage statement as the Custodian does not assume this responsibility. Clients provide
written authorization permitting advisory fees to be deducted by VCP directly from their accounts
held by the Custodian as part of the investment advisory agreement and separate account forms
provided by the Custodian.
Third Party Asset Managers
For Client accounts implemented through an third party asset manager, the Client’s overall fees
                                             Vision Capital Partners
                              2211 Old Earhart Rd., Suite 155 * Ann Arbor, MI 48105
                                 Phone: (734) 356-3250 * Fax: (734) 356-3251
                                      http://www.visioncapitalpartners.com

will include VCP’s investment advisory fee (as noted above) plus investment management fees
and/or platform fees charged by the third party asset manager. The Advisor will assume the
responsibility for calculating the Client’s fees and deducting all fees from the Client’s accounts.

Financial Planning and Consulting Services
Financial planning and consulting fees are invoiced, either partially or in full, upon execution of
the financial planning and consulting agreement and are completed in less than six months. For
partial payments in advance, the remaining balance will be due upon to execution of the agreed
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Item 7 – Types of Clients
VCP provides investment advisory services to individuals, high net worth individuals, trusts,
estates, charitable organizations, businesses and pension plans. The relative percentage of
each type of Client is available on VCP’s Form ADV Part 1. These percentages will change
over time. VCP generally does not impose a minimum account size for establishing a
relationship.