Advisory Fee

Fees for Company services are based on the market value of capital under supervision as appraised every three months. Every quarter, our fee is computed and billed in advance, at one-fourth of the annual fee rates below:

For accounts that have been under contract for less than three years:

• 1.00% annualized on the first $1,000,000 of account value
• 0.75% annualized on amounts between $1,000,000 and $7,500,000 of account value
• 0.50% annualized on amounts above $7,500,000 of account value

For accounts that have been under contract for three years or more:

• 1.00% annualized on the first $750,000 of account value
• 0.75% annualized on amounts between $750,000 and $1,500,000 of account value
• 0.60% annualized on amounts between $1,500,000 and $7,500,000 of account value
• 0.50% annualized on amounts above $7,500,000 of account value

The custodian may charge an execution fee on some transactions. Medley & Brown, LLC, receives no compensation from execution fees. Mutual funds have their own internal expense charges which all mutual fund shareholders incur. However, we conduct considerable research to identify funds with low expenses.