Ulrich Investment Consultants provides investment management services to private clients, such as individuals, trusts and estates, as well as institutional clients, including retirement plan sponsors, charitable foundations, multi-employer benefit plans, sovereign governments, corporations and business entities. Prior to engaging UIC for investment management services, the client is required to enter into one or more written agreements with UIC setting forth the terms and conditions under which UIC renders its services (collectively, the “Agreement”). Ulrich Consulting Group, LLC (‘UCG”) SEC registration was approved December 2011and has been principally owned by John P. Ulrich (“Ulrich”) since September 2014. UCG changed the primary name under which it conducted its investment advisory business to “Ulrich Investment Consultants” (“UIC”) in September 2017; and, in December 2020, formed Ulrich Consulting and Investment Group, LLC (“UCAIG”). In January 2021, UCAIG assumed and continued the investment advisory business of UCG, at which time UCG ceased its investment advisory activities. UCAIG now conducts investment advisory business as UIC, and is principally owned by UCG and managed by Ulrich, who also remains the principal owner of UCG. As of December 31, 2023, the firm had $3,279,256,426 of assets under management, of which $1,892,759,063 were managed on a discretionary basis and $1,386,497,363 were managed on a non-discretionary basis. In addition, UIC as $155,777,339 of assets under advisement for total assets of $3,435,033,765. This Disclosure Brochure describes the business of UIC. Certain sections will also describe the activities of Supervised Persons. Supervised Persons are any of UIC’s officers, partners, directors (or other persons occupying a similar status or performing similar functions), or employees, or any other person who provides investment advice on UIC’s behalf and is subject to UIC’s supervision or control. Investment Management and Consulting Services Clients can engage UIC to manage all or a portion of their assets on a discretionary or non-discretionary basis. As part of the investment management services, UIC may provide its clients with a broad range of comprehensive services including financial planning, retirement, education, estate planning, insurance, and tax and cash flow needs of the client. Institutional Clients In providing advisory services to institutional clients, UIC acts as a fiduciary in providing investment advice to the plan, regardless of whether management services are provided on a discretionary or non-discretionary basis. The advisory services provided to institutional clients include a comprehensive review of the client’s current position, as well as refinement of the investment policy statement and asset allocation strategy. UIC will also review custody, trust, and administrative services, provide expense analyses, vendor RFP and selection, as well as investment searches across all asset classes. In addition, UIC facilitates placement of assets with managers, including negotiation of favorable terms with respect to fees and account minimums, ongoing due diligence, and performance monitoring of investment managers. In conjunction with these services, UIC provides comprehensive investment reporting with timely recommendations, ongoing supervision of the investment program, including rebalancing and necessary policy updates, as well as educational training for plan fiduciaries. UIC‘s process helps establish a "best practices approach" for fiduciaries and also seeks to minimize costs for the benefit of clients. For retirement plans, UIC acknowledges co- fiduciary status and assists clients in implementing investment management procedures in accordance with the standards of ERISA and the Department of Labor. UIC identifies clients’ specific custody and administration needs and help them to select the most appropriate vendors. UIC manages portfolios on both a discretionary and non- discretionary basis and clients in both structures may impose specific restrictions on securities or security types. Private Clients UIC’s advisory services assist private clients in achieving their financial goals with investment-related information and advice. UIC provides asset allocation, investment selection and monitoring, performance reporting, and coordination with complex tax and estate plans and professionals. The portfolio planning process begins with a review of necessary documents and interviews to uncover a client’s financial goals and requirements. Next, a comprehensive financial model is created so that the impact of future cash flows and market volatility may be analyzed. Finally, investment guidelines are created, and a portfolio is constructed with sensitivity to tax efficiency, cost, liquidity, and growth needs. UIC employs a proactive, “hands on” approach that focuses on a forward-looking view of the capital markets. UIC seeks to maximize returns while also reducing risk and costs. This process involves a dynamic and proactive view which seeks investment solutions that have sustainable strategies. UIC primarily allocates clients’ investment management assets among Independent Managers (as defined below), mutual funds, and exchange-traded funds (“ETFs”). In limited cases, for certain clients, individual securities may be utilized after a thorough review of their appropriateness given the client’s needs and objectives. In addition, UIC may recommend that clients who are “accredited investors” as defined under Rule 501 of the Securities Act of 1933, as amended, invest in private placement securities, which may include debt, equity, and/or pooled investment vehicles when consistent with the clients’ investment objectives. UIC also provides advice about any type of investment held in clients' portfolios. UIC's team is augmented by a strategic relationship with Callan & Associates (“Callan”), an institutional investment consulting services and research provider. This relationship complements UIC’s thorough due-diligence process and augments our ability to provide quality, customized solutions. UIC may render non-discretionary investment management services to clients relative to variable life/annuity products that they may own, their individual employer-sponsored retirement plans, or other products that may not be held by the client’s primary custodian. In so doing, UIC either directs or recommends the allocation of client assets among the various investment options that are available with the product. Client assets are maintained at the specific insurance company or custodian designated by the product. UIC tailors its advisory services to the individual needs of clients. UIC consults with clients initially and on an ongoing basis to determine risk tolerance, time horizon and other factors that may impact the clients’ investment needs. UIC seeks to ensure that clients’ investments are suitable for their investment needs, goals, objectives and risk tolerance. Clients are advised to promptly notify UIC if there are changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon UIC’s management services. Clients may impose reasonable restrictions or mandates on the management of their account (e.g., require that a portion of their assets be invested in socially responsible funds) if, in UIC’s sole discretion, the conditions will not

materially impact the performance of a portfolio strategy or prove overly burdensome to its management efforts. Retirement Plan Rollovers A prospective or existing client leaving an employer generally has several options (or a combination of these options) regarding an existing retirement plan such as (a) keep the assets in the former employer’s plan, if permitted, (b) roll over the assets to the new employer’s plan, if one is available and rollovers are allowed, (c) roll over to an Individual Retirement Account (“IRA”), or (d) cash out the account value (which could, depending on the participant age, result in adverse tax consequences). If UIC recommends that a client roll over their retirement plan assets into an account to be managed by UIC, such a recommendation creates a conflict of interest if UIC earns an advisory fee on the rolled over assets. No client is under any obligation to roll over retirement plan assets to an account managed by UIC. Use of Independent Managers As mentioned above, UIC primarily recommends that clients authorize the active discretionary management of a portion of their assets by and/or among certain independent investment managers (“Independent Managers”), based upon the stated investment objectives of the client. The terms and conditions under which the client engages the Independent Managers are set forth in a separate written agreement between UIC or the client and the designated Independent Managers. UIC renders services to the client relative to the discretionary and/or non-discretionary selection or recommendation of Independent Managers. UIC also monitors and reviews the account performance and the client’s investment objectives. When recommending or selecting an Independent Manager for a client, UIC reviews information about the Independent Manager such as its disclosure brochure and/or material supplied by the Independent Manager or independent third parties for a description of the Independent Manager’s investment strategies, past performance and risk results to the extent available. Factors that UIC considers in recommending an Independent Manager include the client’s stated investment objectives, management style, performance, reputation, financial strength, reporting, pricing, and research. The investment management fees charged by the designated Independent Managers, together with the fees charged by the corresponding designated broker-dealer/custodian of the client’s assets, maybe exclusive of, and in addition to, UIC’s investment advisory fee set forth in Item 5 below. As discussed below, the client may incur additional fees than those charged by UIC, the designated Independent Managers, and corresponding broker-dealer and custodian. In addition to UIC’s written disclosure brochure, the client also receives the written disclosure brochure of the designated Independent Managers. Certain Independent Managers may impose more restrictive account requirements and varying billing practices than UIC. UIC may recommend private fund investments where principals of the private fund sponsor are UIC clients. This represents a conflict of interest for UIC to potentially satisfy the individual client with other client assets invested in the fund. There is no quid pro quo, and UIC is able to fulfill its fiduciary duty, in particular the duty of loyalty. This conflict is mitigated to remove any financial conflict. UIC does not earn additional compensation for recommending these or any other investments. Financial Planning UIC conducts an analysis of your current situation and identifies and implements appropriate financial planning and investment management techniques to help you to meet your specific financial objectives. Such services include various reports on specific goals and objectives or general investment and/or planning recommendations, answers to outside assets and periodic updates. In preparing your analysis, UIC may address any or all of the six areas of financial planning established by the National Endowment for Financial Education and endorsed by the Certified Financial Planner Board of Standards, depending on your specific needs. These include: financial position, protection planning, investment planning, income tax planning, retirement planning, and estate planning. Our specific services in preparing your plan may include:  Review and clarification of your financial goals.  Assessment of your overall financial position including cash flow, balance sheet, investment strategy, risk management and estate planning.  Creation of a unique plan for each goal you have including personal and business real estate, education, retirement or financial independence, charitable giving, estate planning, business succession and other personal goals.  Development of a goal-oriented investment plan around tax suggestions, asset allocation, expenses, risk and liquidity factors for each goal. This includes IRA and qualified plans, taxable and trust accounts that require special attention.  Design of a risk management plan including risk tolerance, risk avoidance, mitigation and transfer, including liquidity as well as various insurance and possible company benefits.  Crafting and implementation of, in conjunction with your estate and/or corporate attorneys as tax advisor, an estate plan to provide for you and/or your heirs in the event of an incapacity or death.  Generation of a benefits plan, risk management plan and succession plan for your business, if applicable.  Administrative Services Provided by Natixis Advisors, LLC. UIC has contracted with Natixis Advisors, LLC (referred to as “Natixis”) to utilize its technology platforms to support data reconciliation, trading platforms, proxy voting and other functions related to the administrative tasks of managing certain client accounts. Due to this arrangement, Natixis will have access to client accounts, but Natixis will not serve as a direct investment advisor to UIC’s clients. UIC and Natixis are non-affiliated companies. UIC pays an annual fee to Natixis for each account administered by Natixis. Clients are not charged an increased fee due to the annual fee UIC pays to Natixis. The annual fee is 100% absorbed by UIC and is considered an administrative expense of the firm. Conflicts of Interest UIC has a conflict of interest with EnCap Investments L.P. and Portfolio Advisors LLC alternative investment offerings in that certain employee(s) of these offerings are also wealth management clients of UIC. There is no quid pro quo, and UIC is able to fulfill its fiduciary duty, in particular the duty of loyalty. This conflict is mitigated to remove any financial conflict. UIC does not earn additional compensation for recommending these or any other investments. In addition, these individuals are charged fees appropriate to the size of their relationship and duties of UIC. Ulrich may receive direct and indirect compensation from sponsors who offer investment products recommended to advisory clients. These include payments to cover expenses associated with due diligence meetings, client seminars, business promotional events, or other educational events. These payments may represent a conflict of interest as Ulrich and its advisors may be incentivized to recommend one sponsors’ product over other sponsors who may not participate in such conferences or events. Ulrich believes these payments or reimbursements do not affect the objectivity in evaluating products and services for clients. These activities are monitored by Compliance through the Firm’s Gift & Entertainment Log.