Implementation Fee: $2,500

Quarterly Portfolio Management Fee

Range	Annual Rate
Up to $2,000,000	1.00%
$2,000,000 - $5,000,000	.40%
$5,000,000 - $10,000,000	.25%
$10,000,000 - $20,000,000	.20%
$20,000,000 and above	.15%

The minimum management fee is $2,500 per quarter.

Please contact Tom Posey, President, for a confidential consultation.