Item 5 - Additional Compensation .......................................................................................................................... 16 Item 6 - Supervision ..................................................................................................................................................... 16 Brochure Supplement (Part 2B of Form ADV) .......................................................................... 17 Supervised Person – Dustin Johnson ..................................................................................................................... 18 Item 2 - Educational Background and Business Experience ....................................................................... 18 Item 3 - Disciplinary Information ........................................................................................................................... 18 Item 5 - Additional Compensation .......................................................................................................................... 19 Item 6 - Supervision ..................................................................................................................................................... 19 Firm Description Heritage Asset Management, LLC (“Heritage”) was founded in 2021 and became registered as an investment advisor in 2022. David Thompson is 100% owner and Chief Compliance Officer. Types of Advisory Services ASSET MANAGEMENT Heritage offers discretionary management services through a program provided by Orion Portfolio Solutions, LLC (“OPS”). The terms and conditions under which the Client shall engage OPS shall be set forth in separate written agreements between (1) the Client and Heritage and (2) the Client and OPS. Heritage shall continue to render advisory services to the Client relative to the ongoing monitoring and review of account performance, for which Heritage shall receive an annual advisory fee which is based upon a percentage of the market value of the assets being managed at OPS. Factors that Heritage will consider include determining individual investment goals, time horizons, objectives and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors. The Client will authorize Heritage discretionary authority to execute selected investment program transactions as stated within the Investment Advisory Agreement. Clients should review OPS’s ADV Part 2, Form CRS and Terms of Use for additional details regarding OPS services. ASSETS UNDER ADVISEMENT Heritage will work with individuals on determining their individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, and asset allocation are based on the above factors. The accounts will be monitored on a quarterly basis. Heritage will provide the following services, but implementation will be at the sole discretion of the client.
• Provide investment advice to the Client about asset classes and investment alternatives available for the Plan. Client will make the final decision regarding the initial selection, retention, removal and addition of investment options.
• Assist the Client in the development of an investment policy statement (“IPS”). The IPS establishes the investment policies and objectives for the Plan. Client shall have the ultimate responsibility and authority to establish such policies and objectives and to adopt and amend the IPS.
• Assist in monitoring investment options by preparing periodic investment reports that document investment performance, consistency of fund management and conformance based on client’s objectives and risk tolerance and make recommendations to maintain, remove or replace investment options.
• Meet with Client on a periodic basis to discuss the reports and the investment recommendations. ERISA PLAN SERVICES Heritage provides service to qualified retirement plans including 401(k) plans, 403(b) plans, pension and profit-sharing plans, cash balance plans, and deferred compensation plans. Heritage will act as a 3(21) advisor. Limited Scope ERISA 3(21) Fiduciary. Heritage may serve as a limited scope ERISA 3(21) fiduciary that can advise, help and assist plan sponsors with their investment decisions. As an investment advisor Heritage has a fiduciary duty to act in the best interest of the Client. The plan sponsor is still ultimately responsible for the decisions made in their plan, though using Heritage can help the plan sponsor delegate liability by following a diligent process. 1. Fiduciary Services are:
• Provide investment advice to the Client about asset classes and investment alternatives available for the Plan in accordance with the Plan’s investment policies and objectives. Client will make the final decision

regarding the initial selection, retention, removal and addition of investment options. Heritage acknowledges that it is a fiduciary as defined in ERISA section 3 (21) (A) (ii).
• Assist the Client in the development of an investment policy statement (“IPS”). The IPS establishes the investment policies and objectives for the Plan. Client shall have the ultimate responsibility and authority to establish such policies and objectives and to adopt and amend the IPS.
• Provide investment advice to the Plan Sponsor with respect to the selection of a qualified default investment alternative for participants who are automatically enrolled in the Plan or who have otherwise failed to make investment elections. The Client retains the sole responsibility to provide all notices to the Plan participants required under ERISA Section 404(c) (5) and 404(a)-5.
• Assist in monitoring investment options by preparing periodic investment reports that document investment performance, consistency of fund management and conformance to the guidelines set forth in the IPS and make recommendations to maintain, remove or replace investment options.
• Meet with Client on a periodic basis to discuss the reports and the investment recommendations. 2. Non-fiduciary Services are:
• Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan. Client understands Heritage’s assistance in education of the Plan participants shall be consistent with and within the scope of the Department of Labor’s definition of investment education (Department of Labor Interpretive Bulletin 96-1). As such, Heritage is not providing fiduciary advice as defined by ERISA 3(21)(A)(ii) to the Plan participants. Heritage will not provide investment advice concerning the prudence of any investment option or combination of investment options for a particular participant or beneficiary under the Plan.
• Assist in the group enrollment meetings designed to increase retirement plan participation among the employees and investment and financial understanding by the employees. Heritage may provide these services or, alternatively, may arrange for the Plan’s other providers to offer these services, as agreed upon between Heritage and Client. 3. Heritage has no responsibility to provide services related to the following types of assets (“Excluded Assets”):
• Employer securities;
• Real estate (except for real estate funds or publicly traded REITs);
• Stock brokerage accounts or mutual fund windows;
• Participant loans;
• Non-publicly traded partnership interests;
• Other non-publicly traded securities or property (other than collective trusts and similar vehicles); or
• Other hard-to-value or illiquid securities or property. Excluded Assets will not be included in calculation of Fees paid to Heritage on the ERISA Agreement. Specific services will be outlined in detail to each plan in the 408(b)2 disclosure. FINANCIAL PLANNING AND CONSULTING Full Financial Plan Financial planning services include a complete evaluation of a Client’s current and future financial state and will be provided by using currently known variables to predict future cash flows, asset values and withdrawal plans. Heritage will use current net worth, tax liabilities, asset allocation, future retirement date and estate plans in developing financial plans. Typical topics reviewed may include but are not limited to: financial goals, personal financial consulting, investment analysis, retirement strategy, cash flow analysis, risk management, long-term investment and estate preservation. Consultation Services This service is appropriate for Clients who need assistance with individual topics. This is not a detailed financial review and will not result in a complete financial plan. Client may select individual topics above, or other topics as may be deemed appropriate. The individual topics that will be included in this service will be outlined and agreed upon on the financial planning and consulting agreement. If a conflict of interest exists between the interests of Heritage and the interests of the Client, the Client is under no obligation to act upon any recommendation. Implementation of any recommendations will be at the discretion of the Client. If the Client elects to act on any of the recommendations, the Client is under no obligation to affect the transaction through Heritage. Financial plans and consultations will be completed and delivered inside of ninety (90) days contingent upon timely delivery of all required documentation. Client Tailored Services and Client Imposed Restrictions The goals and objectives for each Client are documented in our Client files. Investment strategies are created that reflect the stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without written Client consent. Wrap Fee Programs Heritage does not sponsor any wrap fee programs. Client Assets under Management Heritage has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $115,000,000 $0 03/31/2024