A. Firm Information Requisite Capital Management, LLC (“Requisite Capital” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission. The Advisor is organized as a Limited Liability Company (“LLC”) under the laws of the State of Delaware and is located in the State of Texas. Requisite Capital was founded in June 2017 and is owned by Douglas G. John (Managing Partner), Bryn T. Talkington (Managing Partner and Chief Compliance Officer) and CWC Ranger Investor LLC (Member), an entity controlled by Constellation Wealth Capital. The Advisor is operated by both Mr. John and Ms. Talkington. This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by Requisite Capital. For information regarding this Disclosure Brochure, please contact Bryn Talkington at (469) 373-3399 or by email at [email protected]. B. Advisory Services Offered Requisite Capital offers investment advisory services to individuals, high net worth individuals, trusts, estates, and charitable organizations (each referred to as a “Client”). The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential conflicts of interest. Requisite Capital’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. Wealth Management Services Requisite Capital provides Clients with wealth management services, which generally includes a broad range of comprehensive financial planning, consulting services, asset allocation and financial reporting in connection with discretionary management of investment portfolios. These services are described below. Investment Management Services – Requisite Capital provides customized investment advisory solutions for its Clients. This is achieved through continuous personal Client contact and interaction while providing discretionary and non-discretionary investment management and related advisory services. Requisite Capital works closely with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio strategy. Requisite Capital will then construct an investment portfolio, which can consist of, but not limited to: ● Exchange-traded funds (“ETFs”) ● Private Equity Funds ● Private Credit Funds ● Direct Investments ● Option Contracts ● Equities ● Preferred Securities ● International Securities ● Fixed Income ● Master Limited Partnerships ● Margin transactions ● Mutual Funds The Advisor may retain certain legacy investments based on portfolio fit and/or tax considerations. Requisite Capital’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re- allocate positions that have been held less than one year to meet the objectives of the Client or due to Page 5 market conditions. Requisite Capital will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor. Requisite Capital evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. Requisite Capital may recommend specific positions to increase sector or asset class weightings. The Advisor may recommend employing cash positions as a possible hedge against market movement. Requisite Capital may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type of account to another account (e.g., commission-based account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a retirement account to an account managed by the Advisor. Use of Independent Managers – Requisite Capital, depending on the Client’s needs and objectives, recommend that a Client utilize one or more unaffiliated investment managers or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s investment portfolio. In such instances, the Client may be required to authorize and enter into an advisory agreement with the Independent Manager[s] that defines the terms in which the Independent Manager[s] will provide investment management and related services. The Advisor assists in the development of the initial policy recommendations and managing the ongoing Client relationship. The Advisor will perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] to ensure the Independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. The Client, prior to entering into an agreement with unaffiliated investment manager[s] or investment platform[s], will be provided with the Independent Manager's Form ADV 2A (or a brochure that makes the appropriate disclosures). Under certain circumstances, Requisite Capital may accept or maintain custody of Client’s funds or securities. Please see Item 15 – Custody for more information. Private Fund Investments - The Advisor provides investment advice regarding unaffiliated private investment funds. The Advisor’s role relative to the private investment funds shall be limited to its

initial and ongoing due diligence and investment monitoring services. If a Client invests in a private fund, the amount of assets invested in the fund[s] shall be included as part of “assets under management” for purposes of the Advisor calculating its investment advisory fee. The Advisor’s Clients are under no obligation to consider or make an investment in a private investment fund[s]. The Advisor may receive a portion of an incentive fee for certain investments into the Private Funds. In addition, the Advisor may also be entitled to receive revenues for certain private funds where Client assets are invested. If the Advisor receives any additional fees from private investment funds, the Advisor will not charge an advisory fee on those assets. Page 6 The Advisor may introduce Clients to a private investment fund for which Requisite Capital or affiliated person serves as the Investment Advisor (herein the “Fund”). The Advisor’s Clients are under no obligation to consider or make an investment in the Fund. For additional information, please see Item 10 – Other Financial Industry Activities and Affiliations below. Financial Planning Services – Requisite Capital will typically provide a variety of financial planning and consulting services to Clients. Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning services involve preparing a formal financial plan or rendering a specific financial consultation based on the Client’s financial goals and objectives. This planning or consulting may encompass one or more areas of need, including but not limited to, investment planning, retirement planning, personal savings, education savings and other areas of a Client’s financial situation. A financial plan developed for, or financial consultation rendered to the Client will usually include general recommendations for a course of activity or specific actions to be taken by the Client. For example, recommendations may be made that the Client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs. Requisite Capital may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of the Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed within six (6) months of contract date, assuming all information and documents requested are provided promptly. Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for investment management services or to increase the level of investment assets with the Advisor, as it would increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the transaction through the Advisor. Reporting Services – Requisite Capital may provide Clients with periodic evaluation reports of accounts and each portion managed by the Advisor or an Independent Manager. The report details the performance and asset allocation of the account[s] managed by the respective managers. Requisite receives its information from account custodians, Independent Managers and other third parties. To the extent that erroneous information is provided due to inaccurate data from a third-party, the Advisor is not responsible for any inaccuracies which are contained in the report. At the Client’s request, Requisite Capital will consider the asset classes of investments that are not managed by the Advisor for asset allocation purposes and may report the performance of those investments relative to an appropriate benchmark but will not otherwise provide due diligence or monitoring services on such assets. Including outside investments in performance reports does not constitute investment advice or a recommendation or endorsement by Requisite Capital. Private Fund Investments The Advisor provides investment advice or private investment funds. The Advisor and/or its Principal is the General Partner and/or Investment Advisor to private funds issued (the Affiliated Fund[s]). If a Client determines to invest in an Affiliated Fund, the amount of assets invested in the Affiliated Fund shall be included as part of “assets under management” for purposes of the Advisor calculating its investment advisory Page 7 fee per Item 5 below. The Advisor’s Clients are under no obligation to consider or make an investment in an Affiliated Fund. The Advisor does not receive a separate advisory fee or other forms of compensation for its investment advisory services to any Affiliated Funds. Rather, the Advisor’s only compensation is the advisory fee that it receives from any value included as a part of assets under management. C. Client Account Management Prior to engaging Requisite Capital to provide investment advisory services, each Client is required to enter into one or more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the Client. These services may include: ● Establishing an Investment Strategy – Requisite Capital, in connection with the Client, will develop a strategy that seeks to achieve the Client’s goals objectives. ● Asset Allocation – Requisite Capital will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and tolerance for risk for each Client. ● Portfolio Construction – Requisite Capital will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client. ● Investment Management and Supervision – Requisite Capital will provide investment management and ongoing oversight of the Client’s investment portfolio. D. Wrap Fee Programs Requisite Capital does not manage or place Client assets into a wrap fee program. Investment management services are provided directly by Requisite Capital. E. Assets Under Management As of December 31, 2023, Requisite oversees $2,319,280,340 in assets including: (i) regulatory assets under management of $1,657,612,224 ($783,063,348 Discretionary / $874,548,876 Non-Discretionary) and (ii) assets under advisement (“AUA”) of $661,668,116.