The Investment Management Service Agreement of Bedel Financial Consulting, Inc. outlines the services to be provided, the management fees, and other details of operation. You are required to review and sign the agreement prior to the start of the investment management services.

Open a brokerage account or other custodian account. Accounts are opened as regular brokerage accounts or retirement accounts, e.g. IRA, IRA Rollover, SEP, etc. The application form can be completed in our offices and forwarded to the broker. The application gives Bedel Financial Consulting, Inc. your permission to purchase and sell investment vehicles in the account, disburse funds to you the client, and charge management fees to the account. The brokers we utilize do not charge a fee for maintaining your account. The only charges experienced with the accounts are any transaction fees charged for the sale or purchase of an investment. However, many of the no-load mutual funds we utilize do not have a transaction fee.

Funds can be deposited by check from the client. Checks must be made payable to the specific brokerage company.

Funds can be transferred from banks, brokerage accounts, or mutual funds by utilizing a transfer form. Funds can be transferred "in kind" or instructions can be given to sell the investment and transfer only cash to the account. The transfer form must be signed by the client with a current statement of the account to be transferred attached.

Bedel Financial Consulting, Inc. instructs the broker to purchase and sell investments based on the investment strategy established for your account, e.g. long-term growth, income to meet specific needs, aggressive versus low risk, etc. If desired, all investment transactions can be reviewed with you prior to executing. You will receive a monthly statement from the broker indicating your account status as well as confirmations of transaction throughout the month as they are made.

Funds are readily available from the account to meet cash needs. If the need is anticipated, funds will be made available through the management of investments. However, if an unanticipated need arises, funds can be available within twenty-four hours.

Bedel Financial Consulting, Inc. will provide an investment performance evaluation each quarter. The evaluation will indicate the change in the account during the last three months, the performance of the investments held, and the allocation of the funds between stock mutual funds, bond mutual funds, equities, and fixed income.

At the client's request, a meeting will be held each quarter to review the account and to discuss any changes that are needed due to a change in the client's goals or cash needs.