Spotlight Asset Group was formed in December 2016 and commenced operations in the second quarter of 2017. Stephen A. Greco is the principal owner of the Firm. Financial Planning Services Spotlight also offers advisory services in the form of financial planning services. Financial planning services do not involve the active management of client accounts, but instead focus on a client’s overall financial situation. Financial planning can be described as helping individuals determine and set their long-term financial goals through investments, tax planning, estate planning, asset allocation, risk management, retirement planning, and other areas. The role of a financial planner is to find ways to help the client understand his or her overall financial situation and help the client set financial objectives. Estate Planning Spotlight has established a partnership with Helios Integrated Planning. Helios Integrated Planning is a team of highly experienced estate planners and attorneys focused solely on working with Financial Advisors and their clients. Services include document production, including, but not limited to preparation of trusts and other documents that comprise of an estate plan. Such services are available by agreement. Helios Integrated Planning does not provide legal services. Types of Investments Spotlight provides investment advice on the following types of investments:
• Exchange-listed securities (e.g., stocks)
• Securities traded over-the-counter (e.g., stocks)
• Corporate Debt Securities
• Commercial Paper
• Certificates of deposit
• Municipal Securities
• Variable Life Insurance
• United States Government Securities
• Master Limited Partnerships (MLPs)
• Variable Annuities
• Mutual Fund Shares
• Options Contracts
• Real Estate Partnerships
• Futures Contracts
• Oil and Gas Interests
• Private Placements
• Alternative Investments
• Foreign Issues
• Warrants When providing portfolio management services, the Firm will typically construct each client’s account holdings using bonds, equities, options, ETFs, and mutual funds to build diversified portfolios. It is not Spotlight’s typical investment strategy to attempt to time the market, but we will increase cash holdings as deemed appropriate based on your risk tolerance and short- and long-term goals. We will also modify our investment strategy to accommodate special situations like: low basis stock, stock options, legacy holdings, inheritances, closely held businesses, collectibles, or special tax situations. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Tailor Advisory Services to Individual Needs of Clients Our services are provided based on the individual needs of each client. This means, for example, that you are given the ability to impose reasonable restrictions on the accounts we manage for you, including specific investment selections and sectors. Spotlight works with each client on a one-on- one basis through interviews and questionnaires to determine the client’s investment objectives and suitability information. Wrap Fee Programs Spotlight participates in a self-sponsored wrap fee program where we charge our clients a single fee based on the size of the account rather than directly upon transactions in a client’s account. While our clients are responsible for their own custodial fees and will incur brokerage and other transaction costs for any trading positions and/or transactions in assets that are not recommended by Spotlight, the cost of trading positions and/or transactions that we recommend to clients is included in the wrap fee. Please see our Wrap Fee Brochure (ADV Part 2A, Appendix 1) for more information. Assets Under Management (03/27/2024) Discretionary $187,232,852 Non-Discretionary $17,910,913 Total $205,143,765 Retirement Plan Rollovers An employee generally has four (4) options for their retirement plan when they leave an employer: 1. Leave the money in his/her former employer’s plan, if permitted 2. Rollover the assets to his/her new employer’s plan if one is available and permitted 3. Rollover to an Individual Retirement Account (IRA), or 4. Cash out the account value, which has significant tax considerations Each of these options has advantages and disadvantages and before making a change we encourage you to speak with your CPA and/or tax attorney. If you are considering rolling over your retirement funds to an IRA for us to manage here are a few points to consider before you do so:
• Determine whether the investment options in your employer's retirement plan address your needs or whether you might want to consider other types

of investments. • Employer retirement plans generally have a more limited investment menu than IRAs. • Employer retirement plans may have unique investment options not available to the public such as employer securities, or previously closed funds.
• Your current plan may have lower fees than our fees. If you elect to roll the assets to an IRA that is subject to our management, we will charge you an asset-based fee as set forth in the agreement you executed with our firm. This practice presents a conflict of interest because Investment Advisor Representatives have an incentive to recommend a rollover to you for the purpose of generating fee-based compensation rather than solely based on your needs. You are under no obligation, contractually or otherwise, to complete the rollover. Moreover, if you do complete the rollover, you are under no obligation to have the assets in an IRA managed by our firm. Many employers permit former employees to keep their retirement assets in their company plan. Also, current employees can sometimes move assets out of their company plan before they retire or change jobs. In determining whether to complete the rollover to an IRA, and to the extent the following options are available, you should consider the costs and benefits of each. An employee will typically be investing only in mutual funds, you should understand the cost structure of the share classes, available in your employer's retirement plan and how the costs of those share classes compare with those available in an IRA. Clients should understand the various products and services they might take advantage of at an IRA provider and the potential costs of those products and services.
• Our strategy may have higher risk than the option(s) provided to you in your plan.
• Your current plan may also offer financial advice.
• If you keep your assets titled in a 401k or retirement account, participants could potentially delay their required minimum distribution beyond age.
• A 401(k) may offer more liability protection than a rollover IRA; each state may vary.
• Participants may be able to take out a loan on your 401k, but not from an IRA.
• IRA assets can be accessed any time; however, distributions are subject to ordinary income tax and may also be subject to a 10% early distribution penalty unless they qualify for an exception such as disability, higher education expenses or the purchase of a home.
• If company stock is owned in a plan, participants may be able to liquidate those shares at a lower capital gains tax rate.
• Plans may allow Advisor to be hired as the manager and keep the assets titled in the plan name. Generally, federal law protects assets in qualified plans from creditors. Since 2005, IRA assets have been generally protected from creditors in bankruptcies. However, there can be some exceptions to the general rules so you should consult with an attorney if you are concerned about protecting your retirement plan assets from creditors. It is important to understand the differences between these types of accounts and to decide whether a rollover is the best option. Prior to proceeding, if you have questions contact your Investment Adviser Representative, or call our main number as listed on the cover page of this brochure. When Advisor provides investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. Advisor also provides educational services to retirement plan participants with assets that could potentially be rolled-over to an IRA advisory account. Education is based on a particular Client’s financial circumstances and best interests. Again, Advisor has an incentive to recommend such a rollover based on the compensation received, which is mitigated by the fiduciary duty to act in a Client’s best interest and acting accordingly.