Vista Capital Partners Inc

Item 5 – Fees and Compensation
Fees are generally negotiable and may vary from the schedule listed below.
Vista’s standard fee schedule is as follows:

Annual Fee

 .90% of the first $2,000,000

 .75% of the next $3,000,000

 .60% of the next $5,000,000

 .45% of the next $10,000,000

 .30% of the amount over $20,000,000

Annual Fee Institutional Client

 .75% of the first $2,000,000

 .60% of the next $3,000,000

 .50% of the next $5,000,000

 .35% of the next $10,000,000

.25% of the next $20,000,000

.10% of the amount over $40,000,000

 The specific manner in which fees are charged by Vista is established in a client’s written
 Account Agreement with Vista. Vista will include the entire market value of any margined
 assets when computing its advisory fee. Accordingly, Vista’s fee shall be based upon a higher
 margined account value, resulting in Vista earning a correspondingly higher advisory fee.

  Vista will generally bill its fees on a quarterly basis. Clients will be billed in arrears each calendar
 quarter. Upon clients’ authorization, Vista shall directly debit fees from client accounts.
 Management fees shall be prorated for each capital contribution and withdrawal made during
 the applicable calendar quarter (except for de minimis contributions and withdrawals). Accounts
 initiated or terminated during a calendar quarter will be charged a prorated fee. Upon
 termination of any account, any earned, unpaid fees will be due and payable.

 Vista’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
 and expenses which shall be incurred by the client. Clients may incur certain charges imposed
 by custodians, brokers, third party investment and other third parties such as fees charged by
 managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
 transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
 transactions. Mutual funds and exchange traded funds also charge internal management fees,
 which are disclosed in a fund’s prospectus.
 Such charges, fees and commissions are exclusive of and in addition to Vista’s fee, and Vista
 shall not receive any portion of these commissions, fees, and costs.

 Item 12 further describes the factors that Vista considers in selecting or recommending broker-
 dealers for client transactions and determining the reasonableness of their compensation (e.g.,
 commissions).

Item 7 – Types of Clients

Vista provides portfolio management services to individuals, trusts, estates, corporations and
business entities, corporate pension and profit-sharing plans, charitable institutions,
foundations, and endowments.
Fee Dispersion: Vista generally requires a minimum of $2 million of assets to be placed
under its management to commence an engagement. Vista, in its discretion, may charge
a lesser or higher investment advisory fee, charge a flat fee, waive applicable minimum
asset or minimum fee levels, waive its fee entirely, or charge fee on a different interval,
based upon certain criteria (i.e. anticipated future earning capacity, anticipated future
additional assets, dollar amount of assets to be managed, related accounts, account
composition, complexity of the engagement, anticipated services to be rendered,
grandfathered fee schedules, employees and family members, courtesy accounts,
referrals from existing clients, competition, negotiations with client, etc.). Please Note: As
result of the above, similarly situated clients could pay different fees. In addition, similar
advisory services may be available from other investment advisers for similar or lower
fees. ANY QUESTIONS: Vista’s Chief Compliance Officer, John Convery, remains
available to address any questions that a client or prospective client may have regarding
advisory fees.