Firm DescripNon STUDIO Investment Management, LLC (referred to herein as "STUDIO" or the “Firm”) is an investment adviser, registered with the U.S. Securi3es and Exchange Commission, and provides discre3onary investment advisory services, financial planning, and investment consul3ng to its clients. STUDIO does business as Studio Investment Management, Ganzert Investment Company, and VezzeL Investment. The majority owners of the Firm are Mike WolcoT and Neha Prabhu through STUDIO Associates, LLC. STUDIO also has a passive, minority investor through STUDIO Holdings, LLC. STUDIO was founded on four key beliefs: 1) A small, well-aligned client base allows for a bou3que experience with a personal touch. 2) An investment philosophy should be built on research intensity and price sensi3vity. 3) An investment philosophy should be executed with a calm temperament and a long-term mindset. 4) A sensi3vity to all client costs – including STUDIO fees, custodial fees, fund expenses, trading commissions, market-impact costs, taxes, and infla3on – is essen3al. Services Offered 1) STUDIO’s discre3onary investment advisory services are represented by rela3onships in which STUDIO can manage and direct the investment decisions for designated accounts, according to the client’s wriTen guidelines and restric3ons. As a result, this discre3onary authority includes both asset alloca3on (i.e., the mix of stocks, bonds, cash, and other) and security selec3on (i.e., the choice of par3cular stocks, bonds, cash, and other). Most discre3onary client assets will be invested in stocks, bonds, exchange-traded funds, exchange- traded notes, op3ons, mutual funds, money-market instruments, and cash. Client assets also will be held by an independent custodian, which should employ controls to protect client assets from misappropria3on. STUDIO may also use a plagorm provided by Pontera Solu3ons to manage employer-sponsored re3rement accounts – primarily 401(k) accounts, 403(b) accounts, 529 accounts. In most such cases, STUDIO will provide discre3onary investment advisory services. 2) Clients of STUDIO’s discre3onary investment advisory services may request that STUDIO conduct re3rement- plan analyses, educa3on-funding analyses, or reviews of Outside Assets (“Outside Assets”; i.e., assets over which STUDIO does not have discre3on, such as 401k accounts or Execu3ve Savings Plans). Clients may request analyses and reviews of Outside Assets up to twice per year, and such analyses may be delivered either verbally or in wri3ng. 3) STUDIO may also occasionally discuss topics with its discre3onary investment advisory clients pertaining to

taxes, insurance, or estate maTers, but in such topics STUDIO insists that clients seek primary advice from accountants/tax professionals, insurance professionals, estate aTorneys, or other relevant experts. STUDIO also insists that its related exchanges with clients should not be deemed sufficient and should not be deemed accoun3ng, insurance, or legal advice, whether discussed in isola3on or in rela3on to other investment advisory services. STUDIO may offer one-3me or ongoing investment consul3ng or financial-planning engagements. Planning components may include re3rement planning, tax planning, estate planning, insurance planning, real estate analysis, educa3on-funding analysis, and execu3ve-compensa3on analysis. Consul3ng components may include asset-alloca3on review and investment-security review. Neither STUDIO, nor any ADV 2A V240322 | 03/22/2024 | Page 5 of 17 affiliate nor any associated person will receive commissions from the sale of insurance or real estate, nor will it receive fees or other compensa3on from the sale of securi3es or other products or services recommended in any financial plan. The client is under no obliga3on to act on the recommenda3ons of STUDIO, its affiliates, or its associated persons. 4) STUDIO may provide non-discre3onary investment advisory services for a fee on a limited basis on either a por3on of the assets held in an account or an en3re account, with the client retaining final investment decision-making authority. Tailoring Your Account to Your ObjecNves Client accounts will be managed based on the client’s guidelines and restric3ons, provided clients provide such guidelines and restric3ons in wri3ng to STUDIO (e.g., in Schedule B of the client’s investment advisory agreement with STUDIO). There are cases in which a client holds a par3cular security that the client does not want managed or monitored by STUDIO. In some of these situa3ons, STUDIO may recommend holding the security in an account over which STUDIO has no discre3on or investment authority. In the absence of explicit wriTen guidelines and restric3ons, STUDIO encourages clients to develop conserva3ve expecta3ons and to consider their overall financial situa3ons, future financial objec3ves, risk tolerances, 3me horizons, and investment objec3ves and constraints. Wrap Fee Programs STUDIO does not par3cipate in wrap fee programs. (Wrap fee programs offer services for a single, all-inclusive fee.) Assets Under Management As of December 31, 2022, STUDIO had assets under management of $718,031,340 on a discre3onary basis. STUDIO does not currently manage any assets on a non-discre3onary basis.