Financial Advisory and Investment Management Fees. The table below reflects the Financial Advisory and Discretionary Investment Management Fees of the Advisor. The fee will be calculated based on the total Client household managed Account value exclusive of “Held Away” accounts and will be billed pro- rata against the accounts within the household (unless otherwise directed). “Held Away” accounts as defined in Exhibit C are billed separately. See Exhibit C for details. Additionally, the Advisor does not charge fees on the value of any unmanaged segregated securities in the Account as agreed upon by the Advisor and the Client. The table below discloses the asset-based, tiered fee schedule for fees paid to the Advisor. Investable Assets Financial Advisory Fee Investment Management Fee Total Blended Fee Rate First $500,000 0.95% 0.35% 1.30% 1.30% Next $500,000 0.85% 0.35% 1.20% 1.25% Next $1,000,000 0.75% 0.35% 1.10% 1.18% Next $250,000 0.25% 0.35% 0.60% 1.12% >$2,250,000 0.00% 0.00% 0.00% n/a $4,000,000 0.00% 0.00% 0.00% 0.63% $6,000,000 0.00% 0.00% 0.00% 0.42% $8,000,000 0.00% 0.00% 0.00% 0.32% Note: The above fee schedule applies to assets that are managed by the Advisor and held at TD Ameritrade Institutional, Inc.
