This Disclosure document is being offered to you by Lakewood Asset Management, LLC (“Lakewood”, “We” or “Firm”) about the investment advisory services we provide. It discloses information about our services and the way those services are made available to you, the client. We are an investment management firm headquartered in Naperville, Illinois. We specialize in investment advisory services for high net worth individuals. Our Firm became a registered investment adviser in April 2015. Lakewood Asset Management, LLC is a limited liability company formed in Illinois and is owned by, Brooks Call, Michael Lannan and Todd Mick. We are committed to helping clients build, manage, and preserve their wealth, and to provide assistance that helps clients achieve their stated financial goals. We will offer an initial complimentary meeting upon our discretion; however, investment advisory services are initiated only after you and Lakewood execute an Investment Management Agreement. Investment and Wealth Management and Supervision Services We manage advisory accounts on either a discretionary or non-discretionary basis. For discretionary accounts, once we have determined a profile and investment plan with a client, we will execute the day to day transactions without seeking prior client consent. Account supervision is guided by the profile and investment plan of the client. We may accept accounts with certain restrictions if circumstances warrant. We primarily allocate client assets among various mutual funds, equities, debt and other securities in accordance with their investment objectives. During personal discussions with clients, we determine the client’s objectives, time horizons, risk tolerance and liquidity needs. Based on

client needs, we develop a client’s customized investment plan. We then manage the client’s investments based on that plan. It is the client’s obligation to notify us immediately if circumstances have changed with respect to their goals. Once the investment plan has been executed, we will provide ongoing investment review and management services. With our discretionary relationship, we will make changes to the portfolio, as we deem appropriate, to meet your financial objectives. We manage these portfolios based on the combination of our market views and your objectives, using our investment process. We tailor our advisory services to meet the needs of our clients and seek to ensure that your portfolio is managed in a manner consistent with those needs and objectives. You will have ADV Part 2A – Firm Brochure Page 5 of 17 Lakewood Asset Management, LLC the ability to leave standing instructions with us to refrain from investing in particular industries or invest in limited amounts of securities. We do have limited authority to direct the Custodian to deduct our investment advisory fees from your accounts, but only with the appropriate written authorization from you. You are advised and are expected to understand that our past performance is not a guarantee of future results. Certain market and economic risks exist that adversely affect an account’s performance. This could result in capital losses in your account. Wrap Fee Program We do not place client assets into a wrap fee program. Assets As of December 31st, 2022, we have a total of $172,794,619 assets under management on a discretionary basis, and $16,009,145 on a non-discretionary basis. We have $9,877,506 assets under advisement.