Regatta Research & Money Management, LLC (Regatta) provides fee-only investment advisory services, more specifically financial planning, asset allocation, and investment management services. The principal owners of Regatta Research & Money Management LLC are Eric A. Greschner and Rudy J. Blanchard. Regatta Research & Money Management LLC has been in business since 1998. Regatta Research & Money Management, L.L.C. does not offer tax, accounting, estate planning, insurance or legal advice. Regatta may also suggest that Clients use a custodian other than a broker-dealer, such as a bank or trust company. All such custodians are unaffiliated with Regatta and contract directly with the Client. Clients will retain individual ownership of all securities. PORTFOLIO MANAGEMENT AND ASSET ALLOCATION SERVICES: Regatta provides ongoing portfolio management and asset allocation services to each Client based on the individual needs of the Client. Through personal discussions and questionnaires in which goals and objectives based on a Client’s particular circumstances are established, Regatta develops a Client’s investment strategy and creates and manages a portfolio based on that strategy on a discretionary basis. Regatta then typically creates a custom tailored asset allocation and diversified portfolio utilizing a Client’s risk profile, financial planning goals, experience, investment knowledge, liquidity needs, time frame, and net worth, among others. Regatta will typically create a portfolio consisting of one or all of the following, as appropriate: individual equities, bonds, no-load or load-waived mutual funds, registered 1940 Act Interval Funds, ETFs, ETNs, no commission annuities, as well as third party money managers, alternative investments, and strategies that will manage the Client’s portfolio or a portion thereof thorough a separate account. Based on the Client’s needs, liquidity preferences, time frames, net worth, liquidity requirements, risk and return profile, desired level of diversification, level of knowledge and experience, and market view, alternative investment vehicles and asset classes such as hedge funds, private equity, real estate, credit, and commodities, as well as structured products, Reg. D private placements, Limited Partnership interests, Business Development Corporations (BDC), Master Limited Partnerships (MLP), insurance products, etc. may also be utilized. Individual investments, strategies and/or third party managers may be selected on the basis of any or all of the following criteria: the actual investment’s performance history and hypothetical models; the industry sector in which the fund invests; the track record of the manager generally over the full market cycle; the fund's investment objectives; the fund manager’s strategy and philosophy; the magnitude and frequency of any losses during previous market declines; the fund's cost management fee structure; degree of historic correlation; and the investment’s role in the overall portfolio. Portfolio weighting between asset classes of investments, third party managers, and market sectors will be determined by each Client’s individual needs, circumstances, and feedback. Investment management services may be provided directly in-house or outsourced to third party managers. The investment portfolios offer a wide range of risk and performance objectives. If in its sole discretion Regatta believes that a particular investment is performing inadequately, a different investment is more suitable for the portfolio's goals, or if Regatta alters its market outlook based on a continuous evaluation of market and economic conditions, Regatta will sell and reinvest the Client’s assets accordingly pursuant to the broad discretionary authority granted by the Client. Clients will have the opportunity to place reasonable restrictions on the types of investments that will be made on the Client’s behalf. Any such restrictions must be in writing and signed by both the Client and a Regatta representative. CLIENT DIRECTED CONCENTRATION RISK Financial industry standards of care support the need to avoid securities concentration in a single asset, asset class or investment product as a foundation for what is considered suitable for investors. If a client directs Regatta to concentrate excessively in certain investment, asset classes, or illiquid securities and is warned of the risks of doing so, yet requests Regatta to proceed regardless, the Client is solely responsible for the risk of such client directed concentration. Examples include a Client not wanting to reduce excessive concentrations in their employer’s stock, inherited stock, low cost basis investment with substantial unrealized capital gains, a stock that has increased significantly in price and becomes too heavily weighted in the portfolio, etc. Other examples include client directed concentration in highly correlated assets in one asset class(es) or sector(s). Investments within the same industry, geographic region or security type tend to be highly correlated, meaning that what happens to one investment is likely to happen to the others. For instance, an investor might own a variety of municipal bonds, but all of them are in the same state or region, or an investor may have investments in individual technology companies but also own a technology fund and have technology stocks represented in an index fund an investor owns. A final issue is client directed concentration in illiquid investments. Certain investments in alternative investments such as private placements, unlisted Direct Participation Programs, registered 1940 Act Fund, structured products, and non-traded Real Estate Investment Trusts (REITS) may be difficult to sell quickly or at all in certain market scenarios. Should an investor need quick access to cash and is heavily invested in illiquid securities, they may not be able to tap this money in a timely or cost-efficient manner. Liquidity risk in such scenarios is entirely born by the investor. CLIENT DIRECTED MARKET TIMING If a Client engages in self-directed market timing that alters the asset allocation and investment portfolio determined by Regatta, the Client is responsible for the outcomes and any associated opportunity cost due to the client “mistiming the market”. Market timing is a strategy where an investor attempts to “time” the market by buying, or selling, a mutual fund, stocks, ETF, or other investment, to take advantage of perceived market moves. DIVERSIFICATION STRATEGIES Although investment risk cannot be eliminated, Regatta also generally employs one or more basic investment strategies to help manage both systemic risk (risk affecting the economy as a whole) and non-systemic risk (risks that affect a small part of the economy, or even a single company). 1. Inter Asset Allocation: By including different asset classes in a Client’s portfolio (for example stocks, bonds, cash, and alternatives, private real estate, private equity, hedge funds, etc.), the probability increases that some investments will provide satisfactory returns over long periods of time even if others are flat or losing value. Asset allocation does not ensure a profit and will not protect against loss in declining markets. During a general market downturn, multiple asset classes may be negatively affected at the same time. 2. Intra-asset: To increase diversification investments allocated to a particular asset class investments may be spread among various categories of investments within that asset class. While diversification can reduce risk and volatility, it can fail during periods of extreme market stress such as

the 2008-2009 financial crisis and the Coronavirus disease (COVID-19) market decline when asset classes that had historically performed differently from each other moved in tandem and experienced significant peak to trough losses. DUTY TO PROACTIVELY INFORM REGATTA OF CHANGES IN CLIENT CIRCUMSTANCES To ensure that Regatta's initial determination of an asset allocation remains suitable and that the Client’s accounts continues to be managed in a manner fitting the Client’s financial circumstances, Client agrees to promptly contact Regatta in the event of a material change to his/her financial circumstances. (See Item 8 of this Brochure for more information regarding our methods of analysis and strategies used in managing Client accounts as well as the risks inherent in such approaches). MONEY MANAGER PROGRAMS In addition to its own portfolio management services, Regatta provides access to investment service programs in which Client accounts are managed by independent third party investment advisers. These programs provide additional investment opportunities among ETFS, mutual funds, stocks, bonds, and additional securities, including alternative investments. Based on a Client’s individual circumstances and needs, Regatta may recommend an appropriate third party investment program to the Client. Factors considered in making this recommendation include minimum acceptable account size, risk tolerance, client preference, as well as investment philosophy, track record, etc., of the third party manager. Third party managers and investment programs are summarized in Item 8 of this Brochure. Regatta will provide requested information to third party managers as requested. FINANCIAL PLANNING SERVICES: Regatta also provides advice in the form of a financial plan for clients who avail themselves of this service. Depending on the Client’s needs and preferences, the financial plan may address any or all of the following areas of concern:
• PERSONAL: Budgeting, financial goals, and time frames.
• EDUCATION: State savings, 529 plans, and general assistance in projecting educational needs and savings
• TAX & CASH FLOW: Regatta does not provide general tax advice. However, will assist Clients by selecting tax efficient investments and the funding of qualified accounts. Regatta will also assist with cash flow analysis and modeling.
• RETIREMENT: Analysis of strategies and investment plans to help the Client achieve his or her retirement goals.
• INVESTMENTS: Analysis of investments and their effect on a Client’s portfolio. If a Client utilizes the firm’s financial planning service, Regatta gathers information including a Client’s current financial status, future goals and attitudes towards risk among other things. Related documents supplied by the Client are reviewed by Regatta. CLIENT COMMUNICATIONS Regatta will periodically communicate with the Client via in person meetings, video or phone conference, and via e-mail as determined by the Client’s needs, availability, willingness, and responsiveness to review their account(s). Regatta cannot adequately perform its duties for the Client unless the Client diligently and timely performs his or her responsibilities. These include promptly providing initial and ongoing information and/or documentation requested by Regatta as it pertains to Client's investment objectives, needs and goals, risk profile, liquidity requirements, etc. and to keep Regatta informed of any changes regarding same. Such information and documentation shall include, but is not limited to, financial planning questionnaires in order to complete a financial plan, periodic requests for updated risk tolerance questionnaires, quarterly client updated questionnaires, etc. Due to the risks associated with investing, it is critical that the Client review all initial and ongoing documentation provided by Regatta, including account agreements, prospectuses, suitability reviews, risk disclosures, Form ADVs, confirmations, account statements, and any other documents. The failure to diligently and timely respond to information or documents requested by Regatta will severely limit and hinder Regatta’s ability to perform its obligations and that such delays or failures could cause serious or severe consequence to the client’s accounts, including, but not limiting to, a scenario where Client’s risk tolerance is not aligned with the Account’s then current portfolio strategy, which could result in significant losses or underperformance in the Account. If Client’s response to information or documentation request is materially delayed or if Client fails to respond to requested information or documentation from Regatta entirely, the Client entirely accepts the risks associated with failing to provide Regatta the information needed to perform its duties to the Client. Also, it is critical that Client reads and understands Regatta’s Disclosure Document (Form ADV) and all offering materials provided by any investment sponsor including third party ADVs, private placement memorandums (PPM), operating agreements, subscription agreements, and any third party due diligence prior to investing as well as any referenced articles linking to FINRA and SEC websites in our Form ADV. When reading any disclosure documents and offering materials, Client agrees to pay particular attention to the contents of the following sections as they apply to investment objectives: Risk Factors and Degree of Risk, Liquidity Restrictions, Lack of Diversification in Investment, Suitability Requirements, Tax Aspects, Conflicts of Interest, Commissions/Sales Charges, Possible Leverage, Administrative and other Fees. In the event a third- party manager is utilized, Regatta will deliver to the Client the third-party manager’s Form ADV. The Client must read and understands any third party manager’s Form ADV or other disclosure documents prior to investing. Regatta provides updated information about Clients' financial circumstances as necessary to third party managers. Regatta monitors strategies, investments, and third party managers at least quarterly and will rebalance and replace as appropriate at Regatta’s discretion. (See Item 13 of this Brochure for more information regarding account reviews and reviewers). CLIENT DUTIES- CYBERSECURITY Client understands that Client must proactively take the following actions in order to help protect Client’s online accounts, funds, communications, and privacy against cybercrime, and cyberattack: (a) Install virus protection and removal software, update it when prompted, and regularly scan for potential issues; (b) Update all software security patches when prompted; (c) use strong passwords that are at least eight character long, do not contain Client’s real name, do not contain a complete word, are significantly different than prior passwords, and contain a combination of uppercase letters, lowercase letters, numbers, and special characters/symbols; (d) periodically reset all passwords for any email account Client uses to communicate with Regatta; (e) Encrypt all email Client sends to Regatta; (f) use only secure Wi-Fi networks, (g) limit the amount of personal information posed to social networking sites, and; keep all system firewalls turned on at all times. If Client fails to take any of the above mentioned actions, then Client bears the risks of their inactions. CONSULTING Clients can also receive investment advice on a more limited basis. This may include advice on an isolated area(s) of concern such as retirement planning, reviewing a Client’s existing portfolio, or any other specific topic. Additionally, Regatta may provide advice on non-securities matters. As of December 31, 2023, Regatta had $172,530,152 in assets under management.