Firm Description Vestor Capital is an investment advisory firm registered with the Securities and Exchange Commission pursuant to Section 203 of the Investment Advisers Act of 1940, as amended (the Act). Vestor Capital has operated as an investment adviser since 1984 and is incorporated under the laws of the State of Delaware. Vestor Capital is part of the Focus Financial Partners, LLC (“Focus LLC”) partnership. Specifically, Vestor Capital is a wholly-owned indirect subsidiary of Focus LLC. Ferdinand FFP Acquisition, LLC is the sole managing member of Focus LLC. Ultimate governance of Focus LLC is conducted through the board of directors at Ferdinand FFP Ultimate Holdings, LP. Focus LLC is majority-owned, indirectly and collectively, by investment vehicles affiliated with Clayton, Dubilier & Rice, LLC (“CD&R”). Investment vehicles affiliated with Stone Point Capital LLC (“Stone Point”) are indirect owners of Focus LLC. Because Vestor Capital is an indirect, wholly-owned subsidiary of Focus LLC, CD&R and Stone Point investment vehicles are indirect owners of Vestor Capital. Focus LLC also owns other registered investment advisers, broker-dealers, pension consultants, insurance firms, business managers and other firms (the “Focus Partners”), most of which provide wealth management, benefit consulting and investment consulting services to individuals, families, employers, and institutions. Some Focus Partners also manage or advise limited partnerships, private funds, or investment companies as disclosed on their respective Form ADVs. Vestor Capital is managed by Brian C. Baker Jr., Martin Buehler, Peter J. Mullins, Dennis J. Slott and Scott A. Stuth (“Vestor Capital Principals”), pursuant to a perpetual management agreement between V C Management, LLC and Vestor Capital. The Vestor Capital Principals serve as officers of Vestor Capital and are responsible for the management, supervision, and oversight of Vestor Capital. Vestor Capital is an investment and wealth management firm which serves the investment needs of individuals and families who seek thoughtful strategies to grow, protect and transfer their wealth. Since 1984, we have successfully assisted our individual, corporate and institutional Clients in their efforts to grow and preserve their wealth by providing investment advice and responsive asset management. We take great pride in the trusted relationships we have built with our clients along the way. We implement investment advice on behalf of certain clients in held-away accounts that are maintained at independent third-party custodians. These held-away accounts are often 401(k) accounts, 529 plans and other assets that are not held at our primary custodian(s). Please take a few minutes to explore our website at www.vestorcapital.com. If you would like to learn more about Vestor Capital and our investment services, please feel free to contact us either by email or telephone. Conditions for Managing Portfolios We typically require prospective clients to have a minimum of $500,000 to invest, and an in-depth meeting to determine that a client’s goals and our services are compatible prior to opening any Client account. Present financial status, risk tolerance, investment restrictions, living style and wealth accumulation goals will be discussed to determine realistic investment expectations. The minimum asset value may be waived or adjusted for related persons and certain other specific Clients and organizations. Client Analysis and Planning Advice A comprehensive investment solution starts with a discussion of your savings and investment status, potential risks, liquidity, financial attitudes, and asset allocation. We will analyze all these components to help you determine your tolerance for market volatility and select an asset allocation and investment strategy which considers your financial circumstances and risk tolerance and is structured to help meet your goals. Where we and the client mutually deem appropriate, we will assist our clients with financial and goals- based planning that will inform our portfolio management recommendations. This may include one or more of the following exercises: General Planning Considering the following aspects of your financial well-being: Cash Flow, Net Worth, Liability Management and Liquidity Analysis. Investments Reviewing your savings and investment status, potential risks, liquidity, financial objectives, and asset allocation. Retirement Solutions Reviewing your retirement goals and objectives, assets available to use in retirement and an estimate of how long your funds might last, based on various assumptions. Monte Carlo simulations may be included where appropriate. Employee Benefits Reviewing your employee benefits and advising you on how to integrate them into your financial planning decisions. Education Funding Reviewing the benefits of both a lump sum and monthly deposit method and helping you plan for education expenses. Income Tax Performing an analysis of your income sources, exemptions, deductions, and Federal and State taxes due. Wealth Transfer/Estate Planning Working with your attorney, accountant and/or other professionals, to guide you through the estate planning process so that your wealth transfer

goals are woven into your overall financial strategy. Risk Management and Insurance Where appropriate, we will work together with your insurance professional(s) to guide you through the insurance process. An important consideration for your financial security is the need for funds in the event of premature death, disability, or estate liquidity. Financial Planning and Consulting Services Vestor Capital will offer Financial Planning and Consulting services on a standalone basis upon request. Financial Planning and Consulting services include assisting Clients in the development of a long-term financial plan, investment advice, income tax planning, education funding, estate planning advice and recommendations, cash flow and debt management, insurance and risk management, net worth analysis, retirement planning and wealth transfer planning. UPTIQ We offer clients the option of obtaining certain financial solutions from unaffiliated third-party financial institutions through UPTIQ Treasury & Credit Solutions, LLC (together with UPTIQ, Inc. and its affiliates, “UPTIQ”). Please see Items 5 and 10 for a fuller discussion of these services and other important information. Focus Risk Solutions We help our clients obtain certain insurance solutions from unaffiliated, third-party insurance brokers by introducing clients to our affiliate, Focus Risk Solutions, LLC (“FRS”), a wholly owned subsidiary of our parent company, Focus Financial Partners, LLC. Please see Items 5 and 10 for a fuller discussion of these services and other important information. Professional Service Providers Vestor Capital may introduce Clients to other investment and non-investment related professionals, such as accountants, attorneys, insurance providers, and other wealth planning consultants. The Client is under no obligation to engage the services of any such introduced professional. The Client retains absolute discretion over all such implementation decisions and is free to accept or reject any introduction or recommendation made by Vestor Capital. Vestor Capital cannot replace the services provided by licensed CPAs or attorneys. Vestor Capital will work closely with Clients to help utilize independent tax consultants or legal advisors for additional information. Co-Investment Adviser Programs Vestor Capital will share in the fees and account investment management responsibilities for Program Clients engaged by the following independent Advisers:
• Vestor Capital and Cambridge Investment Research Advisors, Inc. (“CIRA”) (See Item 5 for fees) offer this program through which Vestor Capital provides investment management and reporting services, custodial services are provided through Charles Schwab and CIRA, acting through its Investment Advisory Representatives at Wealth Planners, LLC (“Wealth Planners”), is responsible for direct client contact including but not limited to conducting and documenting an assessment of Client’s financial circumstances, investment objectives, investment experience and risk tolerance, and for recommending investment management services suitable for the Client.
• Ausdal Financial Partners (“Ausdal”) and Vestor Capital offer this program through which Vestor Capital provides investment management and Ausdal provides a variety of client-facing services. Participating clients are typically required to allocate a minimum of $250,000 to portfolio management by Vestor Capital. See Item 5 for information regarding fees. ERISA Vestor Capital is a fiduciary under 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 plan participants. Vestor Capital 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. As such, Vestor Capital is subject to specific duties and obligations under ERISA and the IRC that including, 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”). Vestor Capital provides advisory services to ERISA plan clients on a discretionary basis, meaning Vestor makes the investment decisions in its sole discretion without the client’s prior approval. As a fiduciary, we have duties of care and of loyalty to you and are subject to obligations imposed on us by the federal and state securities laws. As a result, you have certain rights that you cannot waive or limit by contract. Nothing in our agreement with you should be interpreted as a limitation of our obligations under the federal and state securities laws or as a waiver of any unwaivable rights you possess. Assets under Management (“AUM”) As of December 31, 2023, Vestor Capital managed and advised on Assets of $1,849,784,449 as follows: Discretionary Advisory AUM: $1,765,226,947 Non-Discretionary Advisory AUM: $928,829 TOTAL Advisory AUM $1,766,155,777 Participant Directed Retirement Plan Assets $23,449,605 Other Advised Assets* $83,628,672 TOTAL Assets Under Advisement $1,849,784,449 *Advisory Fees are not charged on Other Advised Assets.