A.Modern Portfolio Consultants, LLC (“MPC”) has been in business since May 2002. MPC is a Florida Limited Liability Company (LLC).
B.MPC’s primary business is of a consulting and educational nature only. MPC provides comprehensive investment management consulting services to sponsors of investment programs. In this capacity MPC does not act as a conventional money manager offering discretionary or advisory asset management. In its consulting role MPC offers assistance in the following general areas: (1) The development of long- term strategic asset allocation policy, (2) The development and maintenance of investment policies and guidelines, (3) The selection of investment managers/investment funds, (4) the monitoring and evaluation of sponsored portfolios. (5) Setting policies concerning certain administrative and program implementation functions, such as custody, brokerage, securities lending, compliance controls etc.), (6) Customized client educational programs.
Additionally, MPC presents investment performance reports to clients or to its clients’ Investment Committees on at least quarterly basis. MPC may also assist client and/or the client’s Investment Committee with regular review and updates of Investment Policy Statements including asset allocation, investment manager selection, and selection of appropriate benchmarks. Other services provided may include custodian review and analysis, ongoing research and education and portfolio manager searches, including non-traditional asset classes.
At no time will MPC have any discretion to make any changes to the portfolios’ individual investments, to its overall structure

or to its investment managers without the specific instruction of the client. MPC agrees to provide appropriate and timely disclosure pertaining to any other relationships in which MPC has a financial interest or receives compensation.
MPC may offer investment analytics and transparency software as a web-based investment reporting solution that provides performance and risk information. Some of this information, such as performance, will be available on a monthly basis where applicable.
C.MPC customizes its services for each client. Thus, fees may vary significantly from client to client. Our fees are determined by the services required, the complexity of tasks involved, the time required, the amount of assets, and the nature of the relationship. Fees can be paid as a percentage of assets or a retainer fee. Clients are generally billed quarterly, in advance. Generally, for all new accounts the minimum account size is $20,000,000 and /or a minimum fee of $30,000 per year. All fees are negotiable. Following the first week after signing of our contract, clients may terminate the contract with between 30 and 90 days written notice and receive a refund of fees for services not yet rendered.
The length of time required for notification of termination is negotiated and can vary from client to client.
D.MPC does not participate in wrap fee programs by providing portfolio management services.
E.As of December 31, 2023, MPC was consulting to no client accounts on a discretionary basis and 8 client accounts on a non-discretionary basis with total consulting assets of $1,023,388,263 valued as of December 31, 2023.