Quan-Vest Consultants, Inc. (“Quan-Vest”) was incorporated on February 27, 1981. Quan-Vest is a privately held corporation which has provided investment management consulting services since its incorporation. Providing investment management consulting services is Quan-Vest’s only business. Mark W. Lotruglio, CFA, is Quan-Vest’s principal owner, owning more than 75% of the corporation. Quan-Vest’s three other owners are individuals who each own between 5% - 10% of the corporation. Quan-Vest is an independent corporation that does not have a parent, subsidiaries, or affiliates. Quan-Vest’s investment management consulting services are mainly comprised of the following: Investment Manager and Custodian Searches When directed by a client, Quan-Vest will conduct a search for an investment manager and/or custodian bank. Quan-Vest will identify, analyze, and perform comprehensive due diligence on qualified candidates for presentation to the client. Typically, this process includes Quan-Vest issuing a request for proposal to qualified candidates and analyzing each candidate’s response to such request. Finalists are presented to the client who decides which candidate(s) to retain for the applicable mandate. Asset Allocation Studies and Rebalancing Strategies When directed by a client, Quan-Vest will perform an asset allocation study in which the risk/return expectations for one or a series of asset allocation structures are presented to the client who decides which allocation structure to implement. The goal of the analysis is to assist the client in structuring a portfolio designed to achieve the client’s risk, return, and liquidity objectives. As part of this process, or separately, Quan-Vest may recommend reallocating assets among existing investment managers and/or asset classes as part of a rebalancing strategy. Portfolio Monitoring and Reporting Quan-Vest performs ongoing monitoring and evaluation of client portfolios. Quan-Vest provides reports to clients on at least a quarterly basis detailing the investment results of the consolidated portfolio, asset classes, and individual investment managers. The reports are objective in nature and include a host of risk/return analysis, comparative data, and other analysis. Quan-Vest will meet with clients, when requested, to discuss such reports which assist the client in fulfilling its fiduciary duties and facilitating its decision-making process. Investment Policy and Guideline Development Quan-Vest will assist clients in developing and/or amending investment policy statements and individual investment manager guidelines. These policies and guidelines are based on each client’s unique circumstances, realistic investment goals, risk tolerance, funding position, liquidity requirements, and other pertinent

factors. After identifying and accounting for the client’s investment objectives and applicable constraints, Quan-Vest recommends proposed policies and guidelines designed to effectively constrain investment managers, promote portfolio diversification, and achieve the client’s realistic investment objectives. Other Services While the above description details the major activities Quan-Vest engages in, Quan-Vest also provides related services, including but not limited to, providing clients with 1) education and updates on various issues such as the market environment, asset classes, and investment products, 2) assistance in implementing client decisions, and 3) information and analysis on significant developments with investment managers managing client assets. Quan-Vest does not accept discretionary authority or decision-making authority for client assets, policies, or otherwise. While Quan-Vest is retained by a client to provide advice, recommendations, analysis, perspective, and information, each client is responsible for all related decisions. Quan-Vest does not offer the following services; brokerage, proxy voting, custody, analysis or structure analysis of individual securities, buy/sell/hold recommendations on individual securities, or portfolio management. Quan-Vest Consultants, Inc. | FORM ADV Part 2A 4 Quan-Vest tailors its service to meet the individual needs and circumstances of each client which Quan-Vest comes to understand through analysis of each client’s portfolio and interaction with each client and its appropriate service providers. Through this analysis and interaction, Quan-Vest strives to understand each client’s unique circumstances, realistic investment goals, risk tolerance, and other pertinent factors. Quan-Vest provides recommendations to each client to assist in designing/redesigning the client’s portfolio to align the portfolio’s asset allocation, liquidity parameters, investment manager roster, and permitted investments with the client’s investment goals while addressing the client’s unique circumstances and risk tolerance. Based on each client’s unique circumstances and risk tolerance, Quan-Vest will recommend whether to invest in and/or permit certain asset classes, investment strategies, investment managers, and/or classes of securities. Due to this individualized level of service, Quan-Vest may provide advice and recommendations to one client that differs from advice and recommendations provided to another client. A client may also restrict the use of certain asset classes, investment strategies, investment managers and/or classes of securities at its discretion. Quan-Vest does not participate in wrap fee programs. Quan-Vest does not manage client assets on a discretionary or non-discretionary basis.