Dynamic is an investment adviser registered with the SEC. Dynamic was founded in 2008 as a Delaware limited liability company. Dynamic Management LLC, an Arizona limited liability company, owns 100% of Dynamic. Investment Advisory Services Dynamic offers investment advisory services to individuals, high net worth individuals, trusts, estates, charitable organizations, pension plans, profit sharing plans and businesses (each referred to as a “Client” or “You”) through affiliated investment advisor representatives (“Financial Advisors”). Many of the Financial Advisors have their own legal business entities whose trade names and logos are used for marketing purposes that will appear on marketing materials and/or client statements. Clients should understand that the businesses are legal entities of the Financial Advisor and not of Dynamic. The Financial Advisors are under the supervision of Dynamic and all advisory services offered by the Financial Advisor are provided through Dynamic. Additional information regarding these "trade names" is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. Dynamic’s investment strategies are primarily long-term focused, but Financial Advisors may, in certain circumstances, buy, sell, re-allocate or rebalance positions that have been held less than one year to meet a Client’s objectives or due to market conditions. Prior to rendering investment recommendations, Financial Advisors ascertain your financial situation, risk tolerance, and investment objectives. Financial Advisors may recommend, on occasion, redistributing investment allocations to diversify the portfolio. Financial Advisors may recommend specific positions to increase sector or asset class weightings. Financial Advisors may recommend employing cash, options, or inverse ETF positions as possible hedges against general market declines, which could adversely affect the portfolio. Financial Advisors may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the positions in the portfolio, change in a Client’s risk tolerance or investment objectives, generating cash to meet a Client’s needs, or any risk deemed unacceptable for a Client’s risk tolerance. You should immediately advise your Financial Advisor if your investment objectives or risk tolerance changes, or other factors change that may affect the proper positioning of your portfolio. Your participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of your portfolio. Your Financial Advisor and Dynamic shall rely on the financial and other information provided by you or your designees without the duty or obligation to validate the accuracy and completeness of the provided information. It is your responsibility to inform your Financial Advisor or Dynamic of any changes in financial condition, goals or other factors that may affect this analysis. The Financial Advisor will work with you to determine your tolerance for risk as part of the asset allocation and portfolio construction process. Dynamic Discretionary Investment Management Accounts Dynamic and Clients enter into an Investment Management Agreement (“IMA”) to provide Dynamic with discretion to manage one or more Client accounts. Your Financial Advisor works with you to identify your investment goals and objectives as well as your risk tolerance and financial situation. Investment strategies consider your specific needs and are implemented using the investment options most appropriate for you. Your Financial Advisor may develop an asset allocation or a targeted investment strategy for you, as appropriate. Your Financial Advisor will construct your portfolios utilizing various types of securities based upon your investment objectives, risk tolerance and other factors. Dynamic and your Financial Advisor may use 5 | D y n a m i c A D V P a r t 2 A – 3 . 3 1 . 2 3 individual equity and fixed income securities, mutual funds, exchange-traded funds (“ETFs”), structured notes and options as necessary to achieve your investment goals. Individual equity securities may include domestic and international securities covering all market capitalizations. Fixed income securities may include corporate debt securities, U.S. government securities, municipal securities, foreign debt, and short-term instruments. Investments in tradable or non-tradable real estate investment trusts (“REITs”), private equity, private debt investments, limited partnerships and non-security investments may be recommended, if appropriate, for certain Client portfolios. Financial Advisors may recommend Sub- advisors to manage a portion of your portfolio. Sub-advisors act in accordance with Dynamic’s instruction and charge Dynamic for investment management. Financial Advisors construct, implement and monitor your portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance that you have agreed to. You have the ability to place reasonable restrictions on the types of investments to be held in your respective portfolio, subject to the acceptance by the Financial Advisor and Dynamic. Dynamic Investment Advisory Accounts (Non-Discretionary) Dynamic and Clients may enter into an Investment Advisory Agreement (“IAA”) to provide Dynamic on a non-discretionary basis to perform services as described in the IAA to one or more Client accounts. Financial Advisor shall be responsible for reviewing, analyzing and providing recommendations regarding your investments and accounts you designate as subject to the IAA. Your Financial Advisor works with you to identify your investment goals and objectives as well as your risk tolerance and financial situation. Investment strategies consider your specific needs and the recommendations made are using the investment options most appropriate for you. Your Financial Advisor may develop and recommend an asset allocation or a targeted investment strategy for you, as appropriate. The IAA is a non-discretionary advisory agreement. If your Financial advisor does not have access or authority to execute trades in your account(s), you are responsible for the implementation, trading and execution of any recommendations provided by your Financial Advisor. In some instances, your Financial Advisor will have trading authorization on your account(s), however the Financial Advisor must confirm all trades with you prior to executing the trade(s). Sub-advisors Some of our Financial Advisors utilize third-party managers to sub-advise your accounts if you need or are seeking a specific type of investment management or strategy. Sub-advisors provide investment allocation and securities selection and may execute securities transactions in your accounts pursuant to an agreement with Dynamic and your IMA. Certain sub-advisors use ETFs and/or mutual funds in Client portfolios to which they are manager or sub-advisor. In such cases, the selection of these investments creates a conflict of interest for the sub-advisor. These sub-advisors disclose conflicts of interests, including their selection of such investments, in their Form ADV Part 2. Financial Advisors advise you in establishing investment objectives, and work with the sub-advisors to ensure an appropriate investment strategy for you. You are provided with the sub-advisor’s Form ADV Part 2 (or a brochure such as this). Third-party Account Managers Some of our Financial Advisors may recommend to you that all or a portion of your portfolio be implemented by utilizing one or more unaffiliated money managers. This involves entering into an IMA with Dynamic and a separate agreement with a third-party manager. Financial Advisors advise you in establishing investment objectives for the account, the selection of the third-party manager, and defining any restrictions on the account. Financial Advisors continue to provide management oversight of your account and ongoing monitoring of the activities of the third-party manager. Certain third-party managers use ETFs and/or mutual funds in Client portfolios to which they are manager or sub-advisor. In such cases, the selection of these investments creates a conflict of interest for the third-party manager. These third-party managers disclose conflicts of interests, including their selection of such investments, in their Form ADV Part 2. You are provided with the third-party manager’s Form ADV Part 2 (or a brochure such as this one). Outside Accounts 6 | D y n a m i c A D V P a r t 2 A – 3 . 3 1 . 2 3 Some Financial Advisors also manage and recommend allocations as well as provide consolidated reporting for Outside Accounts such as sub accounts of variable annuities, fixed annuities, 529 Plans, 401ks, REITs and other similar accounts. Generally, these accounts are not held by a custodian that is holding other accounts managed by Dynamic

and Financial Advisors. If the Outside Accounts are managed, we periodically review the current holdings and available investment options in these accounts, monitor the accounts, rebalance and implement our strategies as necessary. In some cases, we may recommend the use of a third-party Order Management System to implement asset allocation or rebalancing strategies on behalf of the client. In other cases, we do not have the ability to execute the recommended asset allocation or strategies and therefore you are responsible for implementing any such recommendations. Outside Accounts may be included in the accounts on the IMA and subject to an Investment Advisory Fee, if applicable (See “Fees and Compensation” section herein below and your IMA). To service the management of certain variable insurance products or contracts, Dynamic has an agreement with third party vendors under which Financial Advisors provide investment advice to the vendor that serves as agent on certain variable insurance products or contracts owned by Clients. Financial Advisors may recommend that Clients transfer their variable insurance contract to one of these third party vendors to serve as agent and to facilitate the management of the sub accounts in the variable products or contracts owned by Clients in an effort to integrate asset allocation, risk tolerance and investment objectives across all or a broader portion of Client Assets. The third-party vendor is not required to follow the advice of Financial Advisors. The third-party vendor may receive compensation from the insurance carriers of these products. Dynamic receives a service fee from the third-party vendor for providing investment advice to the vendor. Although the receipt of the service fee creates a conflict of interest for Dynamic, we believe many Clients can benefit from this arrangement by receiving a more comprehensive and integrated service of their Assets. We will adhere to our fiduciary duty and make a recommendation when we deem it to be in your best interest. Dynamic RIA Professional Services Dynamic provides professional services to unaffiliated registered investment advisors, including an integrated technology platform to efficiently operate their advisory practices, a range of investment management solutions, operational and compliance support and related services, client account aggregation and consolidated reporting through an online portal, and the ability to service Clients utilizing various asset custodians. Dynamic charges fees to unaffiliated registered investment advisors for these services as described in the “Fees and Compensation” section herein below. Dynamic Sub-Advisory Services Dynamic provides sub-advisory services to unaffiliated registered investment advisors. Such services include the design and implementation of investment models for their client accounts, and periodic rebalancing, re-allocating, trading and reporting. Under these arrangements, unaffiliated registered investment advisors select the investment model based upon their clients’ financial situation, objectives, risk tolerance and other factors. Unaffiliated registered investment advisors are responsible for maintaining current client information to ensure appropriate investment models are selected for their clients. Dynamic charges fees to unaffiliated registered investment advisors for these services as described in the “Fees and Compensation” section herein below. Financial Planning, Retainer Financial Planning and Consulting Services Financial Advisors provide a variety of financial planning and consulting services to individuals, families and businesses, depending upon their circumstances. In certain cases, your Financial Advisor will request that you enter into a separate Financial Planning or Retainer Financial Planning Agreement with Dynamic for the performance of these planning services. Generally, such financial planning services involve preparing a financial plan or rendering a financial consultation for you based upon your financial goals and objectives. This planning or consulting may encompass one or more areas of need, including, but not limited to investment planning, retirement planning, personal savings, education savings and other areas of your financial situation. A financial plan developed for you or financial consultation rendered to you usually includes general recommendations for a course of activity or specific actions to be taken by you. For example, recommendations may be made that you initiate or revise your investment programs, commence or alter retirement savings, establish education savings and/or charitable giving 7 | D y n a m i c A D V P a r t 2 A – 3 . 3 1 . 2 3 programs. The financial planning agreement may be for a specific project, a specified period or on-going, depending upon your situation, goals, objectives and other factors. Financial Advisors may also refer you to an accountant, attorney, or another specialist, as appropriate for your unique situation. For certain financial planning engagements, Financial Advisors generally provide a written summary of your financial situation, observations, and recommendations. For retainer, consulting or ad-hoc engagements, your Financial Advisor may not provide you with a final written summary, depending on the arrangement. Your Financial Advisor will communicate the work performed and any recommendations as defined in the Agreement throughout the engagement. Certain Financial Advisors provide Tax Preparation services in conjunction with Financial Planning services through separate, unaffiliated entities or as an outside business activity. Dynamic does not provide Tax Preparation nor does it supervise the Tax Preparation provided by Financial Advisors or unaffiliated entities. You are not obligated to engage with your Financial Advisor for Tax Preparation services. For convenience, the Financial Planning Fees or Retainer Financial Planning Fees can include the cost of Tax Preparation. If the cost of Tax Preparation is included in your Financial Planning Fees or Retainer Financial Planning Fees, your Financial Advisor uses a portion of the total Fees you pay to compensate the entity that performs Tax Preparation services. Dynamic maintains a portion of the Tax Preparation fees to cover the administration of the billing services. You are not obligated to implement any recommendations made by your Financial Advisor and your Financial Advisor is in no way responsible for ensuring you do so. Employee Retirement Income Security Act (“ERISA”) Dynamic may authorize certain of its Financial Advisors to provide fiduciary or non-fiduciary services to ERISA plans. ERISA plan documents typically designate one of more persons, such as the plan trustee, to undertake fiduciary responsibility for the operation of, and take actions on behalf of, the plan. Such persons are known as Responsible Plan Fiduciaries (“RPFs”). Financial Advisors may provide the following services to ERISA plans:
• Assessment and Selection of Investments
• Investment Policy Statement Development
• Non-ERISA Fiduciary Services
• Investment Policy Statement Review
• Performance Monitoring
• Employee Enrollment and/or assistance
• Employee Education
• Vendor Review and Conversion When we provide investment advice to you regarding your retirement plan or individual retirement plan account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security 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. Dynamic Retirement Plan Services Dynamic makes available a qualified retirement plan program to Financial Advisors and other third-party advisors for sponsors of qualified retirement plans. Retirement Plan services include the coordination and management of ERISA plan services and consist of a fiduciary-based investment management process, and the selection and on-going monitoring of an investment line-up and asset allocation models that include passive and active mutual funds and exchange traded funds. Dynamic and certain sub- 8 | D y n a m i c A D V P a r t 2 A – 3 . 3 1 . 2 3 advisors serve as ERISA Section 3(38) Investment Manager. Plan sponsors have the option to offer self- directed brokerage accounts. The program emphasizes the desired outcomes of retirement plan participants. The investments are maintained in accounts held by unrelated custodians. Dynamic facilitates arrangements with third-party record keepers and administrators of plan assets, professional fiduciaries, and other retirement plan service providers. Dynamic and such plan sponsors enter into an agreement for services which details the services, and obligations of Dynamic, Financial Advisor and the plan sponsors. Research and Investment Models Services Certain Financial Advisors provide investment research and investment models to other investment advisors and individual investors (“Research Subscribers”). Research Subscribers receive periodic updates to a list of stocks and/or investment models. Research Subscribers are responsible for the implementation and use of the research, including making their own investment purchase and sale decisions, trade execution and management of their accounts. Research Subscribers do not enter into Investment Management Agreement with Dynamic nor do they receive personal investment advice from Dynamic or Financial Advisors. Assets Under Management As of December 31, 2022, total assets under management were $3,252,482,987; with discretionary assets under management of $3,145,758,900 and non-discretionary assets under management of $106,724,087. 9 | D y n a m i c A D V P a r t 2 A – 3 . 3 1 . 2 3