Directed Services LLC
(d)(1)(xi)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
September 28, 2011
Xxxx Xxxxx
Directed Services LLC
0000 Xxxxxxxx Xxxxx
Xxxx Xxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Investment Advisory Agreement dated May 1, 2003, as amended, (the “Agreement”) between ING Partners, Inc. (“IPI”) and ING Life Insurance and Annuity Company, succeeded by Directed Services LLC (“DSL”) pursuant to the Substitution Agreement dated January 1, 2007 between IPI and DSL, we hereby notify you of our intention to retain you as Adviser to render investment advisory services to ING Index Solution 2020 Portfolio, ING Index Solution 2030 Portfolio, ING Index Solution 2040 Portfolio, ING Index Solution 2050 Portfolio, ING Solution 2020 Portfolio, ING Solution 2030 Portfolio, ING Solution 2040 Portfolio, and ING Solution 2050 Portfolio, each a newly established series of IPI (collectively, the “Portfolios”), effective on September 28, 2011, upon all of the terms and conditions set forth in the Agreement. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule A and the Amended Schedule B of the Agreement. The Amended Schedule A and the Amended Schedule B are attached hereto.
The Amended Schedule A and the Amended Schedule B have also been updated 1) to reflect the name changes for ING Columbia Small Cap Value Portfolio to ING Columbia Small Cap Value II Portfolio, ING Xxx Xxxxxx Xxxxxxxx Portfolio to ING Invesco Xxx Xxxxxx Xxxxxxxx Portfolio, and ING Xxx Xxxxxx Equity and Income Portfolio to ING Invesco Xxx Xxxxxx Equity and Income Portfolio, and 2) by the removal of ING Xxxx Xxxxx ClearBridge Aggressive Growth Portfolio because this series recently merged away.
Please signify your acceptance to act as Adviser under the Agreement with respect to the aforementioned Portfolios by signing below where indicated.
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Very sincerely, |
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/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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ING Partners, Inc. |
ACCEPTED AND AGREED TO:
Directed Services LLC
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By: |
/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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AMENDED SCHEDULE A
SERIES OF ING PARTNERS, INC.
ING American Century Small-Mid Cap Value Portfolio
ING Baron Small Cap Growth Portfolio
ING Columbia Small Cap Value II Portfolio
ING Xxxxx New York Venture Portfolio
ING Fidelity® VIP Contrafund® Portfolio
ING Fidelity® VIP Equity-Income Portfolio
ING Fidelity® VIP Mid Cap Portfolio
ING Global Bond Portfolio
ING Index Solution 2015 Portfolio
ING Index Solution 2020 Portfolio
ING Index Solution 2025 Portfolio
ING Index Solution 2030 Portfolio
ING Index Solution 2035 Portfolio
ING Index Solution 2040 Portfolio
ING Index Solution 2045 Portfolio
ING Index Solution 2050 Portfolio
ING Index Solution 2055 Portfolio
ING Index Solution Income Portfolio
ING Invesco Xxx Xxxxxx Xxxxxxxx Portfolio
ING Invesco Xxx Xxxxxx Equity and Income Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Oppenheimer Global Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Solution 2015 Portfolio
ING Solution 2020 Portfolio
ING Solution 2025 Portfolio
ING Solution 2030 Portfolio
ING Solution 2035 Portfolio
ING Solution 2040 Portfolio
ING Solution 2045 Portfolio
ING Solution 2050 Portfolio
ING Solution 2055 Portfolio
ING Solution Aggressive Growth Portfolio
ING Solution Conservative Portfolio
ING Solution Growth Portfolio
ING Solution Income Portfolio
ING Solution Moderate Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING Xxxxxxxxx Foreign Equity Portfolio
ING Xxxxxxxxx Value Portfolio
ING UBS U.S. Large Cap Equity Portfolio
AMENDED SCHEDULE B
ADVISORY FEES
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SERIES |
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ADVISORY FEES |
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(as a percentage of average daily net assets) |
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ING American Century Small-Mid Cap Value Portfolio |
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1.00% |
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ING Baron Small Cap Growth Portfolio
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0.85% of the first $2 billion of assets 0.80% of assets thereafter |
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ING Columbia Small Cap Value II Portfolio |
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0.75% |
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ING Xxxxx New York Venture Portfolio |
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0.80% |
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ING Fidelity® VIP Contrafund® Portfolio |
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0.00% while Series invested in Master 0.58% for Standalone Series |
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ING Fidelity® VIP Equity-Income Portfolio |
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0.00% while Series invested in Master 0.48% for Standalone Series |
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ING Fidelity® VIP Mid Cap Portfolio |
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0.00% while Series invested in Master 0.58% for Standalone Series |
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ING Global Bond Portfolio |
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0.50% on the first $4 billion; 0.475% on the next $1 billion; 0.45% on the next $1 billion; 0.43% on assets thereafter |
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ING Index Solution 2015 Portfolio |
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0.10% |
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ING Index Solution 2020 Portfolio |
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0.10% |
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ING Index Solution 2025 Portfolio |
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0.10% |
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ING Index Solution 2030 Portfolio |
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0.10% |
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ING Index Solution 2035 Portfolio |
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0.10% |
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ING Index Solution 2040 Portfolio |
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0.10% |
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ING Index Solution 2045 Portfolio |
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0.10% |
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ING Index Solution 2050 Portfolio |
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0.10% |
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ING Index Solution 2055 Portfolio |
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0.10% |
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ING Index Solution Income Portfolio |
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0.10% |
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ING Invesco Xxx Xxxxxx Xxxxxxxx Portfolio |
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0.60% |
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SERIES |
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ADVISORY FEES |
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(as a percentage of average daily net assets) |
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ING Invesco Xxx Xxxxxx Equity and Income Portfolio |
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0.55% |
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ING JPMorgan Mid Cap Value Portfolio |
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0.75% |
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ING Oppenheimer Global Portfolio |
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0.60% of the first $4 billion of assets 0.58% of the next $4 billion of assets 0.56% of assets thereafter |
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ING PIMCO Total Return Portfolio |
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0.50% |
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ING Pioneer High Yield Portfolio |
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0.60% on the first $2 billion; 0.50% on the next $1 billion; 0.40% on the next $1 billion; 0.30% on assets thereafter |
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ING Solution 2015 Portfolio |
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0.10% |
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ING Solution 2020 Portfolio |
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0.10% |
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ING Solution 2025 Portfolio |
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0.10% |
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ING Solution 2030 Portfolio |
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0.10% |
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ING Solution 2035 Portfolio |
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0.10% |
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ING Solution 2040 Portfolio |
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0.10% |
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ING Solution 2045 Portfolio |
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0.10% |
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ING Solution 2050 Portfolio |
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0.10% |
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ING Solution 2055 Portfolio |
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0.10% |
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ING Solution Aggressive Growth Portfolio |
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0.10% |
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ING Solution Conservative Portfolio |
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0.10% |
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ING Solution Growth Portfolio |
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0.10% |
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ING Solution Income Portfolio |
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0.10% |
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ING Solution Moderate Portfolio |
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0.10% |
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ING X. Xxxx Price Diversified Mid Cap Growth Portfolio |
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0.64% |
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SERIES |
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ADVISORY FEES |
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(as a percentage of average daily net assets) |
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ING X. Xxxx Price Growth Equity Portfolio |
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0.60% |
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ING Xxxxxxxxx Foreign Equity Portfolio |
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0.80% on the first $500 million; 0.75% on assets over $500 million |
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ING Xxxxxxxxx Value Portfolio |
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0.65% |
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ING UBS U.S. Large Cap Equity Portfolio |
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0.70% on the first $500 million; |
