Whitcomb & Hess Inc

Item 5 Fees and Compensation
                    PORTFOLIO MANAGEMENT / PENSION CONSULTING FEES

As detailed in the Investment Advisory Agreement, portfolio management and investment advisory
services are provided for a percentage of assets under management.

Whitcomb & Hess does not receive any performance-based compensation. Fees are not based on
capital appreciation. Fees are not negotiable.

Fees are calculated and billed each quarter in advance, based on the fair market value of assets at the
end of the prior quarter. Fees will be automatically withdrawn from your account on or about the first
business day of each quarter, unless other payment arrangements are made in advance. Payment of
management fees will be made by the qualified custodian holding the funds and securities, provided
that you supply written authorization permitting the fees to be paid directly from the account. Whitcomb
& Hess will not have access to funds for payment of fees without your written consent.

Further, the qualified custodian agrees to deliver account statements, at least quarterly, directly to you,
showing all disbursements from the account. You are encouraged to review all account statements for
accuracy. Whitcomb & Hess will receive a duplicate copy of the statement that was delivered to you.

Percentages used for fee calculations are as follows:

Portfolio Management Fees                                 Pension Consulting Fees
(Individuals and Organizations)

Assets Under Management           Annual Fee              Assets Under Management              Annual Fee
$0 - $499,999                     1.00%*                  $0 - $999,999                        0.75%
$500,000 - $999,999               0.80%                   $1,000,000 - $1,999,999              0.50%
$1,000,000 - $1,999,999           0.60%                   $2,000,000 - $4,999,999              0.30%
$2,000,000 - $2,999,999           0.40%                   $5,000,000 +                         0.20%
$3,000,000 - $4,999,999           0.30%
$5,000,000 +                      0.20%

*With a minimum fee of $25 per quarter (Individuals and Organizations only)

                                     FINANCIAL PLANNING FEES

Whitcomb & Hess' Financial Planning fee will be determined based on the nature of the services being
provided and the complexity of each client's circumstances. All fees are agreed upon prior to entering
into a contract with any client. Our Financial Planning fees are calculated and charged on a fixed fee
basis, typically ranging from $250 to $2,500, depending on the specific arrangement reached with the
client. We may request a 50% retainer upon completion of our initial fact-finding session with the client;
however, advance payment will never exceed $500 for work that will not be completed within six
months. The balance is due upon completion of the plan.

Fees to update the plan are 30% of initial plan price for annual updates, and 45% of initial plan price
for bi-annual updates. Fees for a comprehensive financial plan and each updated plan shall be
payable as follows: a 50% down payment is due at signing of this agreement (or when a review and
update of the plan is due), and the remaining 50% is due upon delivery of the plan (or the updated
plan).

                                       GENERAL INFORMATION

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either
party, for any reason upon written notice. As disclosed above, certain fees are paid in advance of
services provided. Upon termination of any account, any prepaid, unearned fees over $25.00 will be
promptly refunded. Refunds under $25.00 will be made upon client request. In calculating a client's
reimbursement of fees, we will pro rate the reimbursement according to the number of days remaining
in the billing period.

Mutual Fund Fees: All fees paid to Whitcomb & Hess for investment advisory services are separate
and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders.
These fees and expenses are described in each fund's prospectus. These fees will generally include a
management fee, other fund expenses, and a possible distribution fee. If the fund also imposes sales
charges, a client may pay an initial or deferred sales charge. A client could invest in a mutual fund
directly, without our services. In that case, the client would not receive the services provided by our
firm which are designed, among other things, to assist the client in determining which mutual fund or
funds are most appropriate to each client's financial condition and objectives. Accordingly, the client
should review both the fees charged by the funds and our fees to fully understand the total amount of
fees to be paid by the client and to thereby evaluate the advisory services being provided.

Wrap Fee Programs and Separately Managed Account Fees: Whitcomb & Hess does not participate in
Wrap Fee Programs or Separately Managed Accounts.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the
fees and expenses charged by custodians and imposed by broker dealers, including, but not limited to,
any transaction charges imposed by a broker dealer with which an independent investment manager
effects transactions for the client's account(s). Please refer to the "Brokerage Practices" section (Item
12) of this Form ADV for additional information.

ERISA Accounts: Whitcomb & Hess is deemed to be a fiduciary to advisory clients that are employee
benefit plans or individual retirement accounts (IRAs) pursuant to ERISA. As such, our firm is subject
to specific duties and obligations under ERISA and the Internal Revenue Code that include among
other things, restrictions concerning certain forms of compensation. To avoid engaging in prohibited
transactions, Whitcomb & Hess may only charge fees for investment advice about products for which
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Item 7 Types of Clients
Whitcomb & Hess is a CPA and investment advisory firm, whose principal business is providing tax,
accounting, and management services to individuals and corporations. In addition to this practice,
Whitcomb & Hess provides investment advisory and portfolio management services to individuals,
corporations, trusts, estates, charitable organizations, and consulting services to participant directed
qualified retirement plans. Whitcomb & Hess is also an insurance agency and offers financial planning
services.