First Quadrant, LLC is a financial advisory firm based in Glendale, California. It currently has approximately $10,156,680,000 of assets under management and employs about 53 people. First Quadrant, LLC uses a fee structure of a percentage of assets under your management and performance-based fees.

U.S. Bancorp Advisors, LLC, a registered investment adviser, offers the Personal Portfolio Solutions Program (PPS Program) to clients through non-discretionary investment advisory services. Established in 1999, the firm manages client assets totaling $100,160,362 as of December 31, 2022. The PPS Program allows clients to retain account discretion, with investments limited to open-end mutual funds and ETFs. Fees are based on Assets Under Management, with a quarterly Program Fee comprising a Sponsor Fee and a Financial Advisor Fee. The Sponsor Fee covers Envestnet and NFS services, with the FA Fee negotiable. The Program Fee is shared among USBA, Envestnet, and NFS. Clients may incur additional fees for services excluded from the Program Fee. The firm does not engage in principal or agency cross transactions and does not receive soft dollar benefits or IPO allocations. U.S. Bancorp Advisors does not accept authority to vote client proxies and provides periodic performance reports and account statements. The firm has a Code of Ethics to address potential conflicts of interest and discloses disciplinary information related to FINRA actions. Clients must provide accurate information for investor profiles, and the firm's employees are subject to compliance with the Code. U.S. Bancorp Advisors does not serve as a general partner of any investment partnership and does not solicit clients to invest in such partnerships. The firm's financial information indicates no impairments to meeting client commitments.

Direct Lending Investments, LLC is a financial advisory firm based in Glendale, California. It currently has approximately $866,299,504 of assets under management and employs about 27 people. Direct Lending Investments, LLC uses a fee structure of a percentage of assets under your management and performance-based fees.

**WESCAP Group Summary:** **Background and Expertise:** WESCAP Group, a registered investment adviser based in Glendale, California, has been providing investment advisory services since 1988. The firm offers personalized wealth management, an Automated Asset Management Program, and financial planning services. Clients have discretionary and non-discretionary options for wealth management, with a focus on tailored investment advice and portfolio monitoring. The Automated Asset Management Program utilizes a specialized trading platform through Charles Schwab & Co., Inc. for automated risk assessment and trading functions. **Consumer-Facing Terms:** - Minimum Initial Investment: $150,000 for the Automated Asset Management Program - Fee Structure: Tiered fee schedule for wealth management, with annual advisory rates ranging from 0.40% to 1.25% - Fiduciary: Acting in the best interests of clients - Investment Discretion: Clients can grant discretionary authority for account management - Investment Philosophy: Strategic & tactical asset allocation, global diversification, contrarian/value-oriented, low transaction costs, and tax efficiency **Advisory Business Description:** WESCAP Group focuses on providing outstanding risk-adjusted returns through diversified investment strategies. The firm primarily advises on mutual funds and ETFs, with a contrarian/value-oriented approach and a focus on tax efficiency. Clients have the option for discretionary or non-discretionary account management, with ongoing portfolio reviews and financial planning services available. This summary provides an overview of WESCAP Group's background, expertise, consumer-facing terms, investment discretion, and investment strategies, helping potential clients understand the firm's services and approach to wealth management. For more detailed information, please refer to the full brochure.