SBB Research Group LLC, established in September 2010, is an investment manager specializing in providing discretionary investment advisory services to various investment vehicles, including proprietary accounts, family trusts, pooled investment vehicles, and separately managed accounts. The firm utilizes sophisticated quantitative models and collaborates with individuals from diverse backgrounds to manage portfolios. SBB Research Group primarily invests in structured products, options, ETFs, and common stocks. The firm has full discretion in trading on behalf of each Fund and most separately managed accounts. As of December 31, 2024, SBBRG had regulatory assets under management of approximately $2.79 billion. The firm charges a monthly management fee of 1% of each investor's annual capital commitments. Performance-based fees of 20% are charged at the end of each fiscal year, subject to a "high watermark." SBBRG's investment strategies are speculative and entail substantial risks, including leverage, counterparty risk, and model risk. SBBRG does not participate in wrap fee programs and does not exercise voting rights on client securities. The firm has a Code of Ethics, complies with the Custody Rule, and does not receive compensation for client referrals. SBBRG does not exercise voting rights on client securities and has no financial commitments impairing its ability to meet obligations.

Relative Value Partners Group, LLC, established in Northbrook, Illinois, is a Registered Investment Adviser specializing in discretionary investment management services for various clients, including individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations. The firm primarily offers fee-based services, including sub-advisory roles for third-party money managers' client accounts. RVP's investment strategies focus on closed-end funds, ETFs, and mutual funds, with a Durable Opportunities strategy emphasizing alternative securities like BDCs, preferred stock, and syndicated loans. The firm also provides ERISA fiduciary services, acting in the best interests of clients under specific federal regulations. RVP offers both discretionary and non-discretionary asset management services, including financial counseling and wealth management. The firm is a fiduciary under ERISA and the IRC, ensuring clients' rights and interests are protected. RVP's fee structure is based on a percentage of assets under management, varying by strategy and asset class. The firm also offers private fund investments and financial solutions through affiliated entities. RVP does not receive performance-based fees and maintains a transparent approach to client referrals, custody, and voting client securities. The firm's code of ethics ensures compliance with securities laws and ethical standards. RVP's brokerage practices prioritize best execution and client interests, with a focus on Fidelity and Schwab as custodians. The firm discloses any potential conflicts of interest related to client referrals, custody, and compensation arrangements. RVP's proxy voting policies prioritize clients' best interests and transparency in decision-making. The firm does not solicit prepayment of fees exceeding $1,200 per client, six months in advance. No disciplinary information or financial issues are reported for RVP or its principals.

Phase 3 Capital Management LLC, established in March 2018, offers investment advisory services to institutional clients, pooled investment vehicles, and private funds. With approximately $2.8 billion in regulatory assets under management, Phase 3 aims to achieve attractive risk-adjusted returns through various investment strategies. The firm typically exercises broad investment discretion, focusing on relative value, directional, fundamental, volatility, and event-driven strategies. Clients' fees vary based on negotiated agreements and may include management fees and performance-based fees. Phase 3 does not participate in wrap-fee programs and manages investments according to clients' investment objectives outlined in governing documents. The firm, acting as a fiduciary, aims to treat all clients fairly and has policies in place to address conflicts of interest. Clients have limited control over their investments, with Phase 3 making decisions on securities trading. The firm has a proxy voting policy to ensure votes are in clients' best interests. Phase 3 does not maintain custody of managed account assets but follows regulations for private fund custody. Clients receive regular account reviews and financial statements. The firm does not solicit advance fees exceeding $1,200 per client. No disciplinary events are reported, and Phase 3 does not compensate for client referrals.

Sheridan Road Advisors, LLC, a HUB International company, was established in August 2004 and acquired by HUB International Limited in December 2018. The firm offers portfolio management services tailored to individual client goals, risk tolerance, and time horizon. Investment decisions are made with discretionary authority, and the firm acts as a fiduciary, prioritizing clients' interests. Sheridan Road also provides pension consulting services and financial planning. The firm primarily recommends mutual funds and offers services to individuals, high-net-worth individuals, and pension and profit sharing plans with no minimum account size specified. Fees for portfolio management range from 0.50% to 2.00% of account assets annually and are negotiable. Sheridan Road does not participate in wrap fee programs and does not accept performance-based fees. The firm's investment strategies include long-term trading, short-term trading, margin transactions, and options trading. Clients have the option to direct brokerage, and Sheridan Road generally recommends LPL Financial for custody and trading services. The firm reviews client accounts quarterly and provides regular reports to clients. Sheridan Road does not accept voting authority for client securities and maintains a Business Continuity Plan. The firm's personnel may receive compensation for client referrals, and Sheridan Road has a written Code of Ethics in place. Clients' non-public personal information is kept secure and confidential, and the firm does not sell client information.

Arthur M. Cohen & Associates, LLC is a registered investment adviser established in 1989 and federally registered with the SEC. The firm offers tailored advisory services to individuals, pension and profit sharing plans, trusts, charitable organizations, and other entities. Services include financial objective definition, strategies development, and advice on various securities such as equity securities, corporate debt securities, and more. The firm charges fees based on assets under management, with equity-only or balanced accounts typically incurring a fee of 1% of assets under management up to $2,000,000 and 0.75% of the next $5,000,000. Financial planning clients may pay a flat fee starting at $500 or an hourly rate of $200 to $400. Arthur M. Cohen & Associates does not participate in wrap fee programs and holds client assets with independent custodians. The firm may charge a performance fee of 10% of profits in a client's account annually. Clients have investment discretion, and the firm does not vote proxies on their behalf. Arthur M. Cohen & Associates does not have any disciplinary information and acts as a fiduciary, maintaining a Business Continuity and Succession Plan. Clients receive quarterly statements from custodians holding their assets, and the firm reviews accounts quarterly or semi-annually. The firm does not receive commissions from broker-dealers and recommends using Pershing Advisors Solutions for trading. Clients are encouraged to review custodial statements and compare them with the firm's statements. Arthur M. Cohen & Associates does not vote proxies on behalf of clients and does not receive more than $1,200 in advance of 6 months' work.

Miramar Capital LLC, established in November 2017, is a Registered Investment Adviser based in Northbrook, Illinois. Specializing in investment advisory services for individuals, high net worth individuals, retirement plans, institutions, and charitable organizations, the firm focuses on helping clients build, manage, and preserve wealth to achieve financial goals. Miramar offers discretionary and non-discretionary investment management services, tailoring portfolios based on client objectives, risk tolerance, time horizon, and unique circumstances. The firm emphasizes understanding client needs to establish appropriate asset allocation, with a focus on quality growth stocks and high-grade fixed income securities. Miramar provides ERISA Section 3(21) investment management services for employer-sponsored retirement plans, sharing fiduciary responsibility with plan sponsors. The firm also offers financial planning services, consulting, and a wrap fee program. Fees for investment management are asset-based, ranging from 0.8% to 1.60% annually, with additional fees for financial planning and retirement plans. Miramar does not charge performance-based fees, engages in side-by-side management, or accept/pay fees for referrals. The firm participates in custodial programs with TD Ameritrade, Fidelity, and Schwab, providing benefits such as research tools and trading services. Miramar does not vote proxies on behalf of clients and does not require prepayment exceeding $1,200 per client. The firm maintains a Code of Ethics to mitigate conflicts of interest and acts as a fiduciary under the Investment Advisers Act of 1940. Miramar does not have any disciplinary history or financial impairments that could affect client commitments.

Asset Management Group, Ltd. is a Registered Investment Adviser based in Northbrook, Illinois, established in 1990 by Glenn Movish, an attorney. The firm offers financial planning, retirement consulting, and investment management services to various clients, including individuals, pension and profit-sharing plans, trusts, estates, corporations, and charitable organizations. Clients can enter into written agreements with the Adviser to receive services on a discretionary or nondiscretionary basis. The firm uses tools like risk profiles and client questionnaires to determine clients' risk parameters and investment objectives. AMG primarily allocates client assets among mutual funds, exchange-traded funds, independent managers, and individual debt securities based on client investment objectives. The firm may also recommend third-party money managers for clients, receiving a referral fee in certain cases. AMG charges a management fee based on the value of assets under management, typically ranging from 0.10% to 1.50%. The firm does not charge performance-based fees and does not engage in side-by-side management. Clients may incur additional fees such as transaction costs imposed by third parties. AMG does not vote proxies on behalf of clients and does not have a history of disciplinary actions. The firm may receive compensation for referring clients to third-party money managers and has a privacy policy in place to protect clients' nonpublic personal information. For more information, clients can contact Glenn Movish at (847) 291-7909 or [email protected].

IRON Financial LLC is an SEC-registered investment advisor established in 1994, located in Northbrook, IL. The firm specializes in providing high-quality strategies in fixed income, equity, and alternative investment markets. They offer discretionary investment management services for various portfolios, including Fixed Income Portfolios, IRON Income & Growth Portfolio, IRON Incertus Portfolio, IRON High-Quality Equity Portfolio, IRON S&P 500 Equity Plus Strategy, and IRON Core Plus Portfolios. The firm's fee structure varies based on the type of portfolio, with maximum annual fees ranging from 0.35% to 0.59% of assets under management. The minimum initial investment required for accounts ranges from $5,000 to $300,000, depending on the portfolio. IRON Financial acts as a fiduciary, providing investment discretion to clients, allowing them to make decisions on security selection, amount, and timing without prior client approval. Their investment strategies include long-term purchases, short-term purchases, margin transactions, and option writing. The firm uses fundamental, technical, and quantitative analysis methods to formulate investment advice. IRON Financial does not charge performance-based fees and provides services to individuals, high net worth individuals, charitable organizations, and corporations. The firm's principals, including Aaron Bruce Izenstark and Richard Louis Lakin, have no reportable disciplinary history. Timothy Robert Ziemba, the Chief Compliance Officer, is a CFA charterholder and CFP professional. The firm does not have custody of client assets and does not vote proxies on behalf of clients. Clients receive regular account reviews and reports to monitor their investments.

Trifecta Capital Advisors, LLC is a Registered Investment Adviser established in January 2022 and located in Northbrook, IL. The firm is owned by Paul Tromp, Sue Oleari, and Jeff Berman. Trifecta specializes in helping clients build, manage, and preserve their wealth by providing investment and wealth management services. The firm manages advisory accounts on a discretionary basis, primarily allocating client assets among various investment options like stocks, bonds, ETFs, and mutual funds. Trifecta tailors its advisory services to meet clients' needs and ensures that portfolios are managed in line with their objectives. The firm charges a maximum annual advisory fee of 1.25%, billed monthly based on the average daily balance of the client's account. Trifecta may also utilize third-party money managers for specific investment objectives, with total fees not exceeding 1.25%. Financial planning services are included in the investment management fees, and for standalone financial planning arrangements, fixed fees are negotiated based on the complexity of the client's financial circumstances. Trifecta does not sponsor a Wrap Fee Program and had $712,181,349 in discretionary assets under management as of December 31, 2024. The firm does not have any legal or disciplinary events to report and acts as a fiduciary, putting clients' best interests first. Clients have the ability to leave standing instructions, and Trifecta provides ongoing portfolio monitoring and rebalancing based on clients' needs and objectives.