Baker Avenue Asset Management, LP, a Delaware partnership also doing business as BakerAvenue, is an SEC-registered investment advisor founded in 2004. The principal owner of BakerAvenue is Simon Baker. As of December 31, 2022, BakerAvenue managed a total of $1.85 billion on a discretionary basis and $47 million on a non-discretionary basis for a total of $1.9 billion. The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to BakerAvenue and the words "you," "your," and "Client" refer to you as either a client or prospective client of our firm. Portfolio Management Services BakerAvenue provides portfolio management services to our Clients. BakerAvenue generally provides services on an investment discretionary basis and for certain Clients (and when requested, only) on a non-discretionary basis. If you participate in our discretionary portfolio management services, we require you to grant us discretionary authority to manage your account. Subject to a grant of discretionary authorization, we have the authority and responsibility to formulate investment strategies on your behalf. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without obtaining your approval prior to each transaction. We will also have discretion over the broker or dealer to be used for securities transactions in your account. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm, a power of attorney, or trading authorization forms. Clients may limit BakerAvenue’s discretionary authority (for example, limiting the types of securities, sectors or industries, or concentrations in any sector or industry, that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. However, BakerAvenue reserves the right to reject or not engage a Client or terminate an agreement with a Client, if determined the investment restrictions the Client intends to impose prohibit BakerAvenue from delivering its services as defined in the IMA with the Client. For non-discretionary Clients, BakerAvenue will require all necessary contact information to obtain consent / approval for any transaction BakerAvenue may recommend for purchase or sale. If BakerAvenue cannot reach a Client on a non-discretionary basis to obtain specific consent it will not place any transactions with such Client’s custodian / broker or dealer. You have an unrestricted right to decline to implement any advice provided by our firm on a non- discretionary basis. BakerAvenue’s advisory services are based upon each Client’s unique facts and circumstances as they regard to general investing or, for certain investment products, their suitability will be matched to the particular product or strategy. Baker Avenue Asset Management, LP 2A Disclosure Brochure Page 5 Services include the following and each is described in more detail in Item 8:
• Dynamic Core Strategy
• Blue Chip Strategy
• Fixed Income Strategy
• Impact Strategy
• Global Income Strategy
• All Cap Growth
• Concentrated Stock Management
• Alternative Investments/Private Investments
• Tax Planning
• Estate Planning
• Risk Management
• Retirement Planning
• Philanthropy & Impact
• Tax Preparation (for Clients over $5 million in investable assets)
• Family Office Services Fiduciary Status for Retirement Plan Accounts BakerAvenue is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) with respect to investment management services and investment advice provided to ERISA plan clients, including ERISA plan participants. BakerAvenue is also a fiduciary under section 4975 of the Internal Revenue Code (the “IRC”) with respect to investment management services and investment advice provided to individual retirement accounts (“IRAs”), ERISA plans, and ERISA plan participants (collectively, “Retirement

Account Clients”). As such, BakerAvenue is subject to specific duties and obligations under ERISA and the IRC that include, among other things, prohibited transaction rules which are intended to prohibit fiduciaries from acting on conflicts of interest. When a fiduciary gives advice in which it has a conflict of interest, the fiduciary must either avoid or eliminate the conflict or rely upon a prohibited transaction exemption (a “PTE”). Services Provided to Introduced Clients of Third-Party Firms In some cases, Clients may be introduced to BakerAvenue from third-party managers through a single or dual contract relationship. Single contract Clients are Clients who have one contract with the third-party manager that allows the manager to hire BakerAvenue without a separate contract. Dual contract Clients are Clients who have a contract with the third-party manager and a separate contract with BakerAvenue. The investment styles provided to these Clients are similar to those described above, depending on the relationship with the Client and the third-party manager. The accounts are managed on a discretionary basis, either under a single contract with the third-party manager or separate contract with BakerAvenue. Clients Introduced to Third-Party Managers by BakerAvenue On occasion, BakerAvenue refers Clients to selected third-party managers as part of their asset allocation and investment strategy. Some of the factors considered into referring a third-party manager include: BakerAvenue’s preference for a particular third-party manager, the Client’s risk tolerance, goals, and objectives, as well as investment experience, and the amount of Client assets available for investment. The strategies used by these Baker Avenue Asset Management, LP 2A Disclosure Brochure Page 6 managers are outside of the scope of BakerAvenue’s traditional product suite and Clients are not required to use the services of the recommended third-party managers. Wealth and Financial Planning and Consulting Services (Stand-alone) In some cases, BakerAvenue may offer stand-alone Wealth and Financial Planning Services to Clients who have not engaged BakerAvenue for Portfolio Management services or meet the minimum assets requirement. Wealth and Financial Planning services may include:
• Family Continuity
• Estate Planning and Trustee Oversight
• Integrated Tax and Financial Planning
• Lifestyle Management
• Family Philanthropy
• Risk Management To the extent requested by the Client, BakerAvenue may provide financial planning and/or consulting services (including investment and non-investment related matters, including estate planning, insurance planning, etc.) on a stand-alone separate fee basis. BakerAvenue’s planning and consulting fees are negotiable, but generally range from $2,000 to $10,000 on a fixed fee basis, and from $225 to $300 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s). Prior to engaging BakerAvenue to provide planning or consulting services, Clients are generally required to enter into a Financial Planning and Consulting Agreement with BakerAvenue setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the portion of the fee that is due from the Client prior to BakerAvenue commencing services. If requested by the Client, BakerAvenue may recommend the services of other professionals for implementation purposes. The Client is under no obligation to engage the services of any such recommended professional. The Client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from BakerAvenue. Types of Investments BakerAvenue offers advice on equity securities, corporate debt securities (other than commercial paper), municipal securities, United States government securities, options contracts on securities, alternative investments and ETFs. Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.