A. The Moorings Group is an independent asset management firm founded in 2003 and wholly owned by its investment professionals. We are a limited liability company formed under the laws of the State of Georgia and filed for investment adviser registration with the Securities and Exchange Commission in February 2005. Our firm's equal owners and their roles and responsibilities are as follows:
•Michele M. Poirier, Partner and Chief Investment Officer - Portfolio management, credit and risk management and client service
•Connie. F. Partridge, Partner and Chief Operating and Compliance Officer - Portfolio management, client service, compliance, and operations The firm's investment professionals, Michele Poirier and Connie Partridge have, individually, over 35 years of experience within the fixed income markets. Additional business information about Michele and Connie is disclosed in the Supplemental Brochures known as Part 2B.
B. The Moorings Group designs and actively manages custom portfolios for clients. We specialize in the fixed income asset class with a primary focus on municipals. We operate from a core belief in the added value created from the active management of fixed income portfolios.
We also manage a limited number of balanced portfolios.
The investment recommendations and advice offered by The Moorings Group are not legal or accounting advice. We encourage clients to coordinate and discuss the impact of financial advice with their attorney and/or accountant.
C. The Moorings Group manages portfolios which are customized to meet your individual needs. We will consult with you and/or your primary adviser to understand your financial history, goals, objectives and/or concerns. In addition, we perform an initial evaluation to determine your risk profile, current and future income and liquidity needs and tax considerations. Based on the information obtained from this consultation and evaluation, we will build a portfolio designed around your individual circumstances and unique risk/return requirements. Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflict with the advice we give to other clients regarding the same security or investment. When our firm is working as a sub-adviser or as an investment manager in a wrap program, we will rely on any client specific information provided by your primary adviser and will manage your portfolio based on your selected investment strategy.
You may request trading limitations within the selected investment strategy based on your specific needs

or preferences.
D. The Moorings Group is a fixed income investment manager for the "Advisor's Choice Separately Managed Account Program". We manage these accounts using the same processes and disciplines as other "non-wrap" fixed income accounts. We customize each portfolio based on the needs of the individual client as represented by the wrap sponsor's representative (client's primary adviser). The selected investment strategy for an account is managed to the same performance benchmark as "non- wrap" accounts unless otherwise requested by the client or their primary adviser. This program includes accounts of smaller sizes which may result in a broader range of portfolio durations and reduced liquidity. The Moorings Group is compensated by the wrap program sponsor with a portion of the wrap fee.
E. As of December 31, 2023, our firm had discretionary assets under management of approximately $478.1 Million.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.