References throughout this brochure to “Investment Advisor Representative” (“IAR”) refer to individuals who provide investment advice on behalf of iAPW (USA). The terms “you/your” in this document refer to the reader or client and “we/our” refers to iAPW (USA), as applicable. iAPW (USA), as a registered investment advisor under the U.S. Securities and Exchange Commission (“SEC”), offers clients two different types of advisory accounts on either a wrap or non-wrap fee basis. In either instance we tailor our services to your individual needs. More information about the types of accounts offered by iAPW (USA) follows below. Our advice and recommendations are specific to assets we manage in your account(s) and we do not represent that our services are based on, or meant to replace, a comprehensive evaluation of your full financial situation that incorporates all of your financial circumstances, needs and objectives. Additional information about Fees and Compensation can be found in Items 5 and 12 of our Form ADV – Part 2A Brochure (“Brochure”). This document should be read in conjunction with our Brochure. Managed Accounts These discretionary accounts provide your IAR with the authority to make investment decisions on your behalf, based on well-defined guidelines established in your Investment Policy Statement. You may choose to impose restrictions on the types of securities or types of investing done in these accounts. Separately Managed Accounts (“SMA Program” or “SMA Account”): This is a discretionary investment platform that can be customized by you and your IAR. The SMA Program provides access to investment managers across a variety of mandates, regions, asset classes and investment styles. Each manager is selected for their expertise in a specific investment product, strategy or geographic region, as your mandate dictates. There is a limited ability to restrict managers in the SMA Program, but there is an ability to restrict which managers are used and the types of assets that your account may hold. iAPW (USA) Wrap Program iAPW (USA) is the sponsor and investment manager of its Wrap Program (“Program”). Under our Program, iAPW (USA) offers you discretionary investment management services for a single, specified annual Program fee, inclusive of trade execution, custody, reporting, and investment management fees. The current annual Program fee ranges varies (between 0.5% and 2.5%) depending upon the market value of the assets under iAPW (USA)’s management/advisement, as well as the level and scope of the overall investment advisory services provided, negotiations with us, and various other factors. The level and scope of services provided is based on objective and subjective factors, which include the total value of assets placed under our management and the complexity of the engagement, as well as your desired level and scope of any financial planning and consulting services. iAPW (USA) has an agreement with Lockwood Advisors, Inc. (“Lockwood”) to offer its full range of Managed360 program offerings (“360Program”) to iAPW (USA)’s clients. The 360Program consists of third-party separately managed accounts, third party model providers, various Portfolio offerings, and a unified managed account option. Lockwood provides managed account services as well as a full range of investment solutions and is a registered investment adviser with the SEC. iA Private Wealth (USA) will help you determine the most suitable 360Program offering after considering, among other things, your personal investment

objectives, risk tolerance and unique circumstances. More information about Lockwood, including its fees, is available in Lockwood’s Form ADV – Part 2A “Brochure” and its 360-Program Wrap Brochure which are provided to any client or prospective client interested in participating in the 360Program. Lockwood is an affiliate of Pershing Advisor Solutions LLC., our custodian (“Pershing”). Pershing Advisor Solutions LLC provides our trading, custody, clearing and settlement services for our clients. Pershing LLC, an affiliate of Pershing Advisor Solutions LLC, carries iAPW (USA)’s client accounts and provides our prime brokerage services. You should also refer to Item 5 in our Brochure for more information about Fees and Compensation. Fee Calculation Our annual Program fee charged is calculated as described above and is not charged based on a share of capital gains upon, or capital appreciation of, your Program assets. Fee Payment You will be charged in arrears at the end of each month or calendar quarter based on your monthly daily account balance of billable assets being managed by iAPW (USA). We will charge a prorated fee to cover the period of time that we manage your Program account for partial billing periods. Full or partial iAPW (USA) Program fees, as applicable, will be due and payable should you choose to end your participation in the Program. Lockwood’s Program Fees and Company Fees are billed in advance from the date you open the account through the end of that calendar quarter. Thereafter, fees are billed in advance for the next calendar quarter based on the value of the assets at the end of the prior calendar quarter. Lockwood will automatically debit its fees from your account as they become due. Please consult with your professional advisors to obtain legal or tax advice to understand how liquidation may result in tax consequences and prior to entering into our client agreement, or the Lockwood agreement. You should know that selecting our Program may cost more or less when compared to purchasing each service individually. The Program fee charged by iAPW (USA) for participating in the Program may be higher or lower than those charged by other service providers of comparable wrap fee programs. Please read this Wrap Brochure in full for more information. The Program fee does not include certain charges, service and administrative fees, including but not limited to, fees charged by SMA Account managers, transaction charges (including mark-ups and mark-downs) resulting from trades effected through or with a broker-dealer other than our Custodian, transfer taxes, odd lot differentials, exchange fees, interest charges, American Depository Receipt agency processing fees, and any charges, taxes or other fees mandated by a federal, state or other applicable law or otherwise agreed to with regard to client accounts. Account service fees and other additional fees or costs applicable to specific activities may apply, e.g., wiring funds or insufficient funds/returned items, foreign settlement fees, etc. These additional fees and expenses are in addition to the Program’s fee. Our IARs may invest your assets in mutual fund or other comingled investment vehicles that may charge fees in addition to those charged by iAPW (USA). Please also refer to items 5 (Fees and Compensation), 10 (Conflicts of Interest) and 14 (Client Referrals) in our Brochure for additional information; Item 5 informs you of how fees will be automatically debited from your account.