Vest Financial, LLC is an SEC-registered investment adviser based in Virginia, established in 2012. The firm specializes in providing investment advisory and sub-advisory services to various types of investment vehicles, including mutual funds, closed-end funds, private funds, variable insurance trusts, ETFs, separately managed accounts (SMAs), and Collective Investment Trusts (CITs). Vest offers both discretionary and non-discretionary investment sub-advisory services to SMAs under written investment advisory agreements. As of February 28, 2025, the firm's assets under management totaled $46,227,992,175, with $39,304,330,239 managed on a discretionary basis and $6,923,661,936 supervised on a non-discretionary basis. Vest Financial operates under a Code of Ethics that sets high ethical standards for business conduct and compliance with federal securities laws. The firm does not engage in principal trades, agency cross transactions, or soft dollar arrangements. Vest does not receive compensation for client referrals or participate in directed brokerage. The firm reviews client accounts periodically to ensure consistency with investment objectives and regulatory guidelines. Vest does not accept or maintain custody of client assets and provides investment advisory services on a discretionary basis. The firm has policies in place to ensure best execution of trades and compliance with regulatory requirements. Vest also has procedures for proxy voting on behalf of client securities.

Gladstone Management Corporation, established in 2002, is a Delaware corporation specializing in providing investment advisory services to publicly-traded management investment companies acting as business development companies (BDCs) and real estate investment trusts (REITs). The firm manages approximately $4.2 billion in assets on a discretionary basis as of July 31, 2024. Gladstone Management's fee structure includes base management fees ranging from 0.425% to 2.0% for different types of Fund Clients. Incentive fees are based on net investment income or realized capital gains. The firm may provide significant managerial assistance to BDC Fund Client portfolio companies and earn fees from REIT Fund Clients' borrowers or tenants. Investment discretion is fully delegated to Gladstone Management, which makes investment decisions based on the Fund Clients' objectives and guidelines. The firm has adopted a Code of Business Conduct and Ethics, including personal trading policies, to ensure compliance with fiduciary duties. Gladstone Management does not have custody of client assets but may be deemed to have custody in certain cases. The firm does not regularly vote proxies on behalf of clients. There are no financial conditions impairing the firm's ability to meet contractual commitments, and prepayment of fees is not required or solicited.

Cassaday & Co Wealth Management, LLC, established in McLean, VA, is a registered investment adviser specializing in managing investment portfolios for various clients, including individuals, retirement plans, trusts, and businesses. The firm is part of the Focus Financial Partners, LLC partnership and offers financial planning services in addition to investment management. Clients can expect a fee structure ranging from 0.50% to 1.50% of assets under management, with a minimum annual fee of $6,000. The firm primarily recommends portfolios of actively managed assets, utilizing mutual funds and ETFs, and may also offer model portfolios. Clients have the option to obtain financial solutions through UPTIQ Treasury & Credit Solutions, LLC, and insurance solutions through Focus Risk Solutions, LLC. Cassaday & Co is a fiduciary under ERISA and the IRC, acting in the best interests of clients. The firm does not provide legal, tax, or actuarial advice. Clients have the ability to impose restrictions on the management of their accounts, and the firm does not vote proxies on behalf of clients. Cassaday & Co has no disciplinary information and maintains a Code of Ethics for all supervised persons. The firm's financial information indicates stability and no impairments to meeting client commitments.

Spire Wealth Management, LLC is an SEC registered investment adviser located in McLean, Virginia, established in 2001. The firm specializes in providing individual portfolio management services, including continuous advice based on client needs and investment profiles. Clients can choose discretionary or non-discretionary account management. Spire offers model portfolio strategies through its affiliate, Corbett Road Capital Management, with a focus on tactical, active, hybrid, and passive solutions. The firm's investment strategies include economic, fundamental, technical, cyclical, quantitative, and qualitative analysis, as well as asset allocation and mutual fund/ETF analysis. Spire's fee structure ranges from 0.02% to 2.25% of assets under management, with a preference for a minimum initial investment of $25,000. The firm may negotiate fees based on client circumstances. Spire does not charge performance-based fees and acts as a fiduciary, putting clients' interests first. The firm does not have custody of client assets but uses custodians like Schwab, Fidelity, and Pershing Advisor Solutions. Spire does not vote proxies on behalf of clients and does not accept responsibility for class actions. The firm has no financial conditions impairing its ability to meet obligations. Spire has not been subject to a bankruptcy petition in the past ten years.

West Financial Services, Inc. is a fee-only investment adviser registered with the SEC, founded in February 1982 and a subsidiary of Sandy Spring Bank since 2005. They offer investment advisory services to individuals, high net worth individuals, retirement and profit sharing plans, charitable organizations, and corporations. Their investment philosophy focuses on diversified portfolios tailored to each client's circumstances and goals. WFS manages $2,574,623,952 in assets through 919 client relationships, with $2,542,049,498 in discretionary assets and $32,574,454 in non-discretionary assets as of December 31, 2024. Clients can receive Investment Management Services, Financial Planning Services, Personalized Consulting Services, and Retirement Plan Services. Fees for Investment Management Services are tiered based on asset levels, starting at 1.00% for assets up to $2 million. Financial Planning and Personalized Consulting Services are charged at $250.00 per hour or a fixed fee. WFS has a Code of Ethics and does not vote proxies for client securities. They do not have any disciplinary events to report. Clients' accounts are held at Charles Schwab & Co., Inc. or Fidelity Investments, and WFS may provide services on a discretionary or non-discretionary basis.

Bogart Wealth, LLC is a registered investment adviser based in McLean, Virginia, established in June 2016. The firm offers financial planning, consulting, and wealth management services to individuals, trusts, estates, and charitable organizations. Bogart Wealth specializes in advising clients on rolling over retirement account assets and managing those assets. The firm primarily manages client accounts through model portfolios, utilizing a combination of fundamental and technical analysis methods. Clients have discretion over decisions regarding implementation and are not obligated to act upon recommendations. The firm's investment strategies include global asset allocation models, equity stock models, and non-traditional strategies like structured notes and bond ladders. For fees, clients pay an annualized investment advisory fee based on assets under management, ranging from 0.55% to 1.43% depending on the portfolio value. Bogart Wealth does not receive compensation from the sale of securities or other investment products. The firm acts as a fiduciary, providing investment discretion for client accounts. Bogart Wealth does not engage in performance-based fees or side-by-side management. The firm has not been involved in any legal or disciplinary events and does not compensate third-party promoters for client introductions. Clients receive regular reports and statements from the firm and the custodian. Bogart Wealth also handles proxy voting for client securities. The firm's financial condition is stable, with no bankruptcy history in the past ten years.

Octagon Financial Services, Inc. is a registered investment advisor with the U.S. Securities and Exchange Commission, established in 1983, specializing in serving the financial and investment needs of entertainers and professional athletes. As a fiduciary, the firm upholds a duty of loyalty, fairness, and good faith towards each client. Octagon offers financial planning, portfolio management, cash management, and tax services through its "Full Service Program," tailored to meet individual client needs. The firm primarily allocates client assets among various third-party managers and may also manage accounts internally. Octagon recommends managed account programs through Dynasty Wealth Management, LLC, providing access to trading technology, reporting, custody, and investments. The firm charges an annual fee of 1.00% of client assets managed, with minimum fees negotiated within specified ranges. Clients may impose reasonable restrictions on securities recommendations, and the firm may engage in ESG investing strategies. Octagon does not charge performance-based fees, and clients have varying levels of control over their investments based on the type of account. The firm conducts periodic reviews of client accounts and provides detailed reports based on account values. Octagon does not vote client securities and does not provide advice on proxy solicitations or legal proceedings involving held securities. The firm has no adverse financial situations that would impair its ability to meet client obligations.

FJ Capital Management LLC is an SEC-registered investment adviser established in December 2007 and registered with the SEC since 2013. The firm specializes in managing six affiliated private funds, focusing on investments in the financial services industry, particularly community banks and thrifts. FJ Capital also serves as the subadvisor to six separately managed accounts. The firm's investment strategy involves a primary focus on the financial services industry, with an emphasis on the banking sector, and a market neutral strategy for certain accounts. Clients typically have a minimum initial investment requirement of $1,000,000 for the funds, with subsequent investments of $50,000. FJ Capital charges management fees ranging from 1.0% to 1.5% per annum for separately managed accounts and 0.125% monthly net asset value for the funds. Performance-based fees are typically 20% of new net profits, subject to a high-water mark. The firm follows a Code of Ethics, engages in soft dollar arrangements for research services, and has procedures in place for proxy voting and custody of client assets. FJ Capital does not have any disciplinary events related to the firm or its employees.

Bernhardt Wealth Management (BWM) is a financial advisory firm based in McLean, VA, established in 1994 by Gordon Bernhardt, a financial services industry veteran since 1989. BWM specializes in strategic investment management, offering both discretionary and non-discretionary asset management services. The firm conducts initial interviews to understand clients' needs, goals, and risk tolerance, allowing clients to set reasonable restrictions on account management. Clients have the option to provide standing instructions and can impose restrictions on investments. BWM follows an asset allocation strategy based on the Investment Policy Statement, utilizing various investment vehicles such as mutual funds, index funds, ETFs, bonds, and variable annuities. For Strategic Investment Management, BWM charges a sliding scale fee based on assets under management, ranging from 1.00% to 0.10%. Financial Planning services are offered at flat fees based on complexity, starting from $1,500. BWM may conduct seminars on investment and financial planning strategies, with fees up to $200 per attendee. The firm acts as a fiduciary when making rollover recommendations, ensuring clients' best interests are prioritized. Clients generally have $1 million or more in financial assets, with a minimum quarterly fee of $2,500. BWM does not charge performance-based fees and provides services to individuals, trusts, estates, and business entities. Clients receive regular account statements and performance reports, and the firm does not vote proxies on behalf of clients. BWM maintains a limited power of attorney for discretionary authority, with clients approving asset allocation models and trading decisions. The firm does not have any disciplinary information or financial disclosures.