Item 5: Fees & Compensation
Compensation for Our Advisory Services
Comprehensive Portfolio Management:
The maximum annual fee charged for this service will not exceed 1.50%. Fees to be assessed will be
outlined in the advisory agreement to be signed by the Client. Our firm bills on cash or cash
equivalents, unless otherwise agreed to in writing. Annualized fees are billed on a pro-rata basis
quarterly in advance based on the value of the account(s) on the last day of the previous quarter. Fees
are negotiable and will be deducted from client account(s). Adjustments will be made for deposits
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and withdrawals during the quarter that are more than $10,000. In rare cases, our firm will agree to
directly invoice. As part of this process, Clients understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the market
values for each security included in the Assets and all account disbursements, including the
amount of the advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to be directly paid by these terms. Our
firm will send an invoice directly to the custodian; and
c) If our firm sends a copy of our invoice to the client, a legend urging the comparison of
information provided in our statement with those from the qualified custodian will be
included.
Retirement Plan Consulting:
The maximum annual fee charged for this service will not exceed 1.00%. Specific fees to be assessed
as well as the fee-paying arrangements will be outlined in the advisory agreement to be signed by the
Client. Our firm bills on cash or cash equivalents, unless otherwise agreed to in writing.
Other Types of Fees & Expenses
Clients will incur transaction fees for trades executed by their chosen custodian, via individual
transaction charges or asset-based pricing. These transaction fees are separate from our firm’s
advisory fees and will be disclosed by the chosen custodian. Charles Schwab & Co., Inc. (“Schwab”),
does not charge transaction fees for U.S. listed equities and exchange traded funds. Clients may also
pay holdings charges imposed by the chosen custodian for certain investments, charges imposed
directly by a mutual fund, index fund, or exchange traded fund, which shall be disclosed in the fund’s
prospectus (e.g., fund management fees, distribution fees, surrender charges, variable annuity fees,
IRA and qualified retirement plan fees, mark-ups and mark-downs, spreads paid to market makers,
fees for trades executed away from custodian, wire transfer fees and other fees and taxes on
brokerage accounts and securities transactions). Our firm does not receive a portion of these fees.
Termination & Refunds
Either party may terminate the advisory agreement signed with our firm for Comprehensive
Portfolio Management services in writing at any time. Upon notice of termination our firm will
process a pro-rata refund of the unearned portion of the advisory fees charged in advance.
Either party to a Retirement Plan Consulting Agreement may terminate at any time by providing
written notice to the other party. Full refunds will only be made in cases where cancellation occurs
within 5 business days of signing an agreement. After 5 business days from initial signing, either
party must provide the other party 30 days written notice to terminate billing. Billing will terminate
30 days after receipt of termination notice. Clients will be charged on a pro-rata basis, which takes
into account work completed by our firm on behalf of the client. Clients will incur charges for bona
fide advisory services rendered up to the point of termination (determined as 30 days from receipt
of said written notice) and such fees will be due and payable.
Commissionable Securities Sales
Our firm and representatives do not sell securities for a commission in advisory accounts.
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