Form ADV Part 2A, Item 4 Asset Management Group, Ltd. (“AMG” or “Adviser”) is an SEC registered investment adviser located in Northbrook, Illinois. It is wholly owned by Glenn Movish, an attorney, and has been in existence since 1990. Management Services- Generally AMG provides financial planning, retirement consulting, investment management services, and the selection of third-party money managers to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities on a discretionary and nondiscretionary basis. Prior to engaging AMG to provide any of the foregoing investment advisory services, the client will be required to enter into one or more written agreements with the Adviser setting for the terms and conditions under which the Adviser shall render its services (collectively the "Agreement"). Likewise, AMG will use certain investment tools to determine the clients’ risk parameters, time horizon and investment objectives. These include in person meetings, a risk profile, client questionnaire and other documentation. AMG’s clients are advised to properly notify AMG if there are ever any changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon the Adviser's management services. In general, AMG does not permit restrictions upon the type of security or particular security but may seek to work with the client to honor such restrictions. The client may make additions to and withdrawals from the account at any time, subject to AMG’s right to terminate an account. Clients may withdraw account assets on notice to AMG, subject to the usual and customary securities settlement procedures. However, the Adviser designs its portfolios as long-term investments and assets withdrawals may impair the achievement of a client's investment objectives. Additions may be in cash or securities provided that AMG reserves the right to liquidate any transferred securities or decline to accept particular securities into a client's account. The Adviser may consult with its clients about the options and ramifications of transferring securities. However, clients are advised that when transferred securities are liquidated, they are subject to transaction fees, fees assessed at the mutual fund level (i.e. contingent deferred sales charge) and/or tax ramifications. Neither the Adviser nor the client may assign the Agreement without the consent of the other party. Transactions that do not result in a change of actual control or management of the Adviser shall not be considered an assignment. AMG or client may terminate the advisory agreement upon 30 days written notice to the other party. A copy of the Adviser's privacy policy notice and a written disclosure statement that meets the requirements of Rule 204-3 of the Investment Advisers Act of 1940, as amended ("Advisers Act"), shall be provided to each client prior to or contemporaneously with the execution of the Agreement. Any client who has not received a copy of the Adviser's written disclosure statement at least forty-eight (48) hours prior to executing the Agreement shall have five (5) business days subsequent to executing the agreement to terminate the Adviser's services without penalty. Financial Planning and Consulting Financial planning clients are analyzed as to net worth, cash flow, projected income taxes, estate objectives, age, investment temperament and current insurance provisions and needs. Once AMG completes this analysis, AMG meets with the client and finalizes a financial plan where different financial and/or estate planning and investment strategies are discussed. The client is provided with written documentation in regard to their analysis and recommendations. When a specific strategy is decided upon, the implementation of that strategy begins and is reviewed, monitored, and updated by conferences, telephone calls and correspondence. Not all clients engage AMG for every service described above. Retirement Consulting AMG also provides non-dsicretionary pension consulting services pursuant to which it assists sponsors of self-directed retirement plans with the selection and or monitoring of investment alternatives (generally open-end mutual funds) from which plan participants shall choose in self-directing the investments for their individual plan retirement accounts. In addition, to the extent required by the plan sponsor, AMG shall also provide participant education designed to assist participants in identifying the appropriate investment strategy for their retirement accounts. Investment Supervisory Services/Discretionary Management AMG offers advice primarily on mutual funds, equities, fixed income, closed-end funds, and

exchange-traded funds. However, the Adviser intends to primarily allocate its client's investment management assets, on a discretionary basis among mutual funds, exchange traded funds, Independent Managers (as defined below) and individual debt securities in accordance with the investment objectives of the client. The Adviser may only implement its investment management recommendations after the client has arranged for and furnished the Adviser with all information and authorization regarding accounts with appropriate financial institutions. Financial institutions shall include, but are not limited to, Fidelity, any other broker-dealer recommended by the Adviser, broker-dealer directed by the client, trust companies, banks etc. (collectively referred to herein as the "Financial Institution(s)"). Selection of Third-Party Money Managers The Adviser may also recommend that certain clients authorize the active discretionary management of a portion of their assets by and/or among certain independent investment manager(s) either directly or through a wrap fee program ("Independent Manager(s)"), based upon the stated investment objectives of the client. The terms and conditions under which the client shall engage the Independent Manager(s) shall be set forth in separate written agreements between (1) the client and the Adviser and (2) the client and the designated Independent Manager(s) and/or wrap fee program sponsor. The Adviser shall continue to render advisory services to the client relative to the ongoing monitoring and review of account performance, for which the Adviser shall receive an annual advisory fee which is based upon a percentage of the market value of the assets being managed by the designated Independent Manager(s). Factors that the Adviser shall consider in recommending Independent Manager(s) include the client's stated investment objective(s), management style, performance, reputation, financial strength, reporting, pricing, and research. The investment management fees charged by the designated Independent Manager(s), together with the fees charged by the wrap fee program sponsor and corresponding designated broker-dealer/custodian of the client's assets, may be exclusive of, and in addition to, the Adviser's investment advisory fee set forth above. As discussed above, the client may incur additional fees than those charged by the Adviser, the designated Independent Manager(s), wrap fee program sponsor (if applicable), and corresponding broker-dealer and custodian. In addition to the Adviser's written disclosure statement, the client shall also receive the written disclosure statement of the designated Independent Manager(s) and wrap fee program sponsor (if applicable). Certain Independent Manager(s) may impose more restrictive account requirements and varying billing practices than the Adviser. In such instances, the Adviser may alter its corresponding account requirements and/or billing practices to accommodate those of the Independent Manager(s) or wrap fee program sponsor. If the Adviser refers a client to certain Independent Manager(s) where the Adviser's compensation is included in the advisory fee charged by such Independent Manager(s) and the client engages those Independent Manager(s), the Adviser shall be compensated for its services by receipt of a fee to be paid directly by the Investment Manager(s) to the Adviser in accordance with the requirements of Rule 206(4)-3 of the Investment Advisers Act of 1940, as amended, and any corresponding state securities laws, rules, regulations, or requirements. Any such fee shall be paid solely from the Independent Manager(s) investment management fee or the program fee of the wrap fee program (as appropriate) and shall not result in any additional charge to the client. Nondiscretionary Services The Adviser also may render non-discretionary investment management services to clients relative to: (1) variable life/annuity products that they may own, and/or (2) their individual employer-sponsored retirement plans. In so doing, the Adviser either directs or recommends the allocation of client assets among the various mutual fund subdivisions that comprise the variable life/annuity product or the retirement plan. The client assets shall be maintained at either the specific insurance company that issued the variable life/annuity product, which is owned by the client, or at the custodian designated by the sponsor of the client's retirement plan. AMG does not participate in a wrap fee program. Assets Under Management AMG had $423,762,190 of assets under discretionary management as of December 31, 2022. AMG has no clients or money under non-discretionary management.