Mutual Trust Advisory Group, Inc. (“MTAG” or the “firm”) is a registered investment adviser based in Estero, Florida. We are a corporation under the laws of the State of Florida. MTAG has been registered as an investment advisor since 2016. The principal owner of MTAG is Scott R. Schatzle. MTAG has three types of engagements:
• Financial Planning Engagements
• Investment Management Service
• Wealth Management Services Financial Planning Engagements MTAG offers various financial planning related services, which assist Clients in the management of their financial resources. Financial planning services are based upon an analysis of the Client’s individual needs beginning with one or more information gathering consultations. Once the firm has collected and analyzed all documentation gathered during these consultations, MTAG provides a written financial plan designed to achieve the Client’s financial goals and objectives. MTAG then assists Clients in developing a strategy for the successful management of income, assets, and liabilities. In general, financial planning services may include any one or all of the following:
• Cash Flow Analysis – Assessment of present financial situation by collecting information regarding net worth and cash flow statements, tax returns, insurance policies, investment portfolios, pension plans, employee benefit statements, etc. The firm advises on ways to reduce risk; and, to coordinate and organize records and estate information.
• Retirement Analysis – Identification of long-term financial and personal goals and objectives including advice for accumulating wealth for retirement income or appropriate distribution of assets following retirement. Tax consequences and implications are identified and evaluated.
• Insurance Analysis – Includes risk management associated with advisory recommendations based on a combination of insurance types to meet your needs, e.g., life, health, disability, and long- term care insurance. This will necessitate an analysis of cash needs of the Client’s family at death, income needs of surviving dependents, and potential disability income needs.
• Portfolio Analysis/Investment Planning – Presentation of investment alternatives, including asset allocation and its effect on the Client’s portfolio; evaluation of economic and tax characteristics of existing investments as well as their suitability for the Client; and, identification and evaluation of tax consequences and their implications.
• Education Savings Analysis – Alternatives and strategies with respect to the complete or partial funding of college or other post-secondary education.
• Estate, Gift & Trust Planning – We provide explanations, summaries, and illustrations of existing and proposed estate planning documents and strategies, including Advising Clients with respect to property ownership, distribution strategies, estate tax reduction, tax payment techniques, recommendations and education on additional strategies, considerations for making updates periodically and further coordination with family’s tax and legal advisor(s) to implement agreed upon strategies or updates.
• Tax Planning – Includes planning for the minimization of tax liabilities, including asset location, tax loss harvesting and gain minimization planning, charitable asset selection, facilitation of income tax payments and coordination with family’s tax advisor(s). In addition, we provide a number of non investment advisory consulting services, such as the coordination of accounting, trust and/or estate planning legal representation (separate agreement with retained counsel will be required), bill pay services, research and coordination of visits to independent, assisted and continuing care facilities, advice on family governance, legacy & philanthropic planning and related educational services, business acquisition, succession and exit planning advice and guidance. The recommendations and solutions are designed to achieve the Client’s desired goals, subject to periodic evaluation of the financial plan, which may require revisions to meet changing circumstances. Financial plans are based on your financial situation based on the information provided to the firm. We should be notified promptly of any change to your financial situation, goals, objectives, or needs. Clients may choose

to accept or reject our recommendations. If you decide to proceed with our recommendations, you may do so by engaging us for investment advisory services or by using any advisory, brokerage, or insurance provider you choose. Important Note: MTAG is not a law firm and information related to legal matters that is provided as part of a financial plan is for informative purposes only. Clients are instructed to contact their legal advisers for personalized advice. Investment Management services MTAG offers discretionary portfolio management services to our Clients. Discretionary portfolio management means we will make investment decisions and place buy or sell orders in your account without contacting you. These decisions would be made based upon your stated investment objectives. If you wish, you may limit our discretionary authority by, for example, setting a limit on the type of securities that can be purchased for your account. Simply provide us with your restrictions or guidelines in writing. Our investment advice is tailored to meet our Clients’ needs and investment objectives. If you decide to hire our firm to manage your portfolio, we will meet with you to gather your financial information, determine your goals, and help you decide how much risk you should take in your investments. The information we gather will help us implement an asset allocation strategy that will be specific to your goals, whether we are actively investing for you or simply providing you with advice. MTAG does not specialize in specific types of securities. We can advise Clients on various types of securities, such as exchange listed equities, over the counter equities, foreign issues, American depository receipts, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities (including mutual funds and exchange traded funds), US Government securities, options contracts on securities and/or commodities, private equity instruments, and interests in partnership investing in real estate. Additionally, will provide advice on existing investments you may hold at the inception of the advisory relationship or on other types of investments for which you ask advice. If you engage us for portfolio management services, we will monitor your portfolio’s performance on a continuous basis, and rebalance the portfolio whenever necessary, as changes occur in market conditions and/or your financial circumstances. Recommendation of Independent Managers As part of our overall portfolio management strategy, we may use one or more Independent Managers to manage all or a portion of your portfolio. All Independent Managers recommended by our firm must either be registered as investment advisors or exempt from registration requirements. These Independent Managers may specialize in traditional or alternative investments, such as private equity investments, private credit markets, or hedge funds. Factors that we take into consideration when making our recommendations include, but are not limited to, the following: the Independent Manager’s performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will periodically monitor the Independent Manager’s performance to ensure its management and investment style remains aligned with your investment goals and objectives. We retain the right to hire and fire Independent Managers and the right to reallocate client assets to other model portfolios at the same Independent Manager. Wealth Management Services MTAG provides broad-based wealth management services to Clients. This service is a combination of the financial planning and investment management services. Wealth management Clients first receive a financial plan similar to the one presented to financial planning Clients. Once a financial plan has been provided to the Client, MTAG will then assist the Client in developing a strategy for the successful management of their investments as part of an ongoing investment management service. Financial planning and investment management services are described fully above. Assets Under Management As of February 20, 2023, we had discretionary assets under management of approximately $120,939,477, and non-discretionary assets under management of $2,969,303.