Our Firm. Chicago Investment Advisory Group (“CIAG”) is registered as an investment advisor with the SEC. Our firm has been providing discretionary investment advisory services to a wide variety of clients since June 2006. The firm is wholly-owned by Michael A. Russo and does not control any other firm. The information contained in this brochure describes our investment advisory services, practices, and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our services to the needs of our clients. As used throughout this firm brochure, the words “we,” “our,” “firm,” “CIAG” and “us” refer to Chicago Investment Advisory Group, and the words “you,” “your,” and “client” refer to you as either a client or prospective client of our firm. Prior to forming an investment advisor-client relationship, we typically offer prospective clients a complimentary general consultation to discuss the nature of our services and the client’s financial status and objectives to determine the possibility of a potential advisory relationship. Investment advisory services and an advisor-client relationship begin only after the prospective client and CIAG formalize their relationship by their joint execution of a written Managed Account Program (“MAP”) advisory agreement. Details of our MAP program are below. During our initial consultation we will typically interview you over the course of 30 to 120 minutes to learn the details of your investment experience and financial objectives, risk tolerance, and time horizon for investments. We will review your current financial circumstances, including the nature, amount, and location of your assets (including but not limited to any checking, savings, IRA, 401(k), brokerage accounts, life insurance policies, and real estate holdings) and liabilities, current life insurance values and benefits, and your current and expected income level. We will provide an initial evaluation of your current investments and asset allocation mix; discuss wills, trusts and estate planning and insurance matters generally; provide basic information regarding our investment processes and strategies, investment risks, mutual fund concepts, stocks, bonds, and certificates of deposit (“CDs”); and share with you our initial impressions and preliminary investment planning recommendations. We will also answer any questions you have related to your assets or our services at this time. If necessary, we will schedule a follow-up consultation following this initial meeting to further explore whether our offering of advisory services is a fit for your unique investment needs and circumstances. Managed Account Program (“MAP”). We offer ongoing discretionary portfolio management services that are based on your individual financial goals, objectives, investment time horizon, and risk tolerance via our MAP program. Participation in our MAP program requires that you grant our firm discretionary authority to manage your designated investment account(s). Under this authority, we are permitted to buy and sell securities within your account without obtaining your specific consent for each trade. We always act as your fiduciary and only exercise our investment discretion in accordance with your specific financial objectives, needs, and limitations. In some instances, we may agree to exclude certain legacy holdings (“Legacy Assets”) contained in your investment accounts from our discretionary authority. These Legacy Assets will be specifically identified in our written MAP advisory agreement, and we will not transact in them without your prior approval and instruction to do so. Through periodic consultations with you, we will gather information regarding your financial circumstances, investment goals, and objectives. The information we typically request in this process will include your current and expected income level, current assets and liabilities, tax information, investment experience, and risk tolerance level, among other items. Based on our analysis of these factors, we will then recommend and implement an investment portfolio and asset mix intended to align with your unique financial situation and goals. Following implementation of your initial investment portfolio, we will monitor the performance of your account on an ongoing basis and implement changes within your account as needed or appropriate, in consideration of current economic conditions, our market opinions and assumptions, and your individual financial circumstances and goals. It is your ongoing responsibility to advise us promptly, in writing, of any material changes in your financial circumstances or needs. We generally do not allow clients to impose restrictions on our ability to invest in specific securities or types of securities due to the level of difficulty this would entail in managing the client’s account. However, we will make exceptions to this policy on a case-by-case basis, where your desired investment restrictions do not inhibit our ability to effectively administer and manage your account(s). If at any time you become uncomfortable with the chosen asset allocation or the specific investments held in your account,

or if your financial situation or goals change, it is your responsibility to contact us promptly to make adjustments to your account(s). As part of our rendering of MAP services, we may provide you with some or all of the following additional services: Portfolio Reviews and Net Worth Statement Updates: We will review and consult with you regarding your overall asset allocation (i.e., cash, bonds, U.S. stocks, foreign stocks and the relative risks involved), including assets held away from CIAG. CIAG will typically produce a Morningstar (or similar) report of assets held with CIAG and outside CIAG for analysis of your unique allocation. We will update your net worth statement with current figures and produce a hard copy for your records. General Investment Consulting and Independent Research Services: We will conduct research and due diligence in connection with prospective investments in specific securities and non-securities based investments identified by you. CIAG will independently research and evaluate such investments using industry periodicals, research services, other resources and software, and our network of industry contacts. Where appropriate data is available, we may perform fundamental and technical analysis on such investments and deliver our analysis to you. Financial Consulting: We may provide general financial consulting services to MAP clients which, at the option of the client, may address some or all of the following topics: (1) financial, budgeting and cash management; (2) risk management, insurance planning, and analysis (3) financial planning relating to divorce and marriage (4) estate planning; (5) taxation issues and tax planning: (6) retirement planning; (7) educational funding; (8) account monitoring; and (9) investment goal setting. Through consultation(s) with you, we will assist you in identifying areas of potential financial concern and provide you with a checklist or summary of short and/or long- term financial goals and actions designed to address such concerns. We will review and update these recommended actions with you periodically, at your request. Third Party Referrals: CIAG seeks to simplify your financial life and will therefore, at your request, coordinate its advisory services with your trusted outside tax and legal advisors, mortgage specialists, and certified public accountants (“CPAs”). Where you do not already have a trusted advisor in one area, we may recommend a third party professional to you for services. We do not receive any compensation in connection with such referrals. CIAG is not a law firm or CPA and none of its advice should be construed as legal or tax advice. Pension Consulting Services. We offer ongoing pension consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, and/or education services to plan participants regarding risk tolerance and investment choices. Certain plans we may provide services to are regulated under the Employee Retirement Income Securities Act of 1974 (“ERISA”). We will provide pension consulting services to the plan sponsor and/or fiduciaries as described above for the fees set forth in Item 5 of this brochure. The consulting services we provide are advisory in nature and the ultimate decision to act on behalf of the Plan rests with the plan sponsor or other named fiduciary. In providing services to any plan and its underlying participants, our status is that of an investment advisor registered under the Investment Advisers Act of 1940. We are not subject to any disqualifications under Section 411 of ERISA. In performing fiduciary services, we are acting as a fiduciary of the Plan as defined in Section 3(21) under ERISA, only. In all cases, our status as a fiduciary under ERISA is clearly disclosed in a written advisory agreement. If there is any discrepancy between the disclosures in this paragraph and the agreement, the agreement shall govern. Types of Investments. Client accounts are typically constructed utilizing a diversified portfolio of securities consisting of some or all of the following: money markets, CDs, mutual funds, exchange traded funds (“ETFs”), including leveraged and inverse exchange-traded funds, closed-end funds, individual bonds, stocks and other listed securities. These securities may provide exposure to dividend paying companies, growth companies, international companies, U.S. treasuries, investment grade corporate bonds, high yield bonds, preferred securities, gold, natural resources, currencies and other investments. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship and with respect to certain insurance products. Wrap Fee Programs. We do not offer, sponsor, or recommend any wrap fee programs to clients. Assets Under Management. As of February 29, 2024, CIAG had assets of $212,534,873 under discretionary management and $0 under non-discretionary management.