Firm Overview The Firm was founded in 2012 and is a Florida limited liability company located in Miami, Florida. The Principal Owner, Managing Member of the Firm is Ricardo R. Calderon. He is Chairman of the Firm’s Management Committee and of the Investment Committee. Mr. Calderon’s advisory work focuses on a variety of market-neutral investment strategies tied to private fund offerings, as well as other securities offerings both for US and foreign clients. He concentrates on tax efficient strategies particularly the management of proprietary insurance compliant investment strategies within the separate accounts of private placement variable life insurance and variable annuity companies. He has over 30 years of experience in the delivery of global financial services. He has served as a senior executive, chief legal counsel, and chief international compliance officer with two Fortune 100 multinational firms. The Firm has a Management Committee comprised of Mr. Calderon, Francisco Soler, Bridget Fagerholt, and Natalia Diaz. Biographical Information regarding Mr. Calderon and Mr. Soler can be found in the Firm’s Form ADV Part 2B Brochure Supplement. Ms. Fagerholt and Ms. Diaz are not Investment Adviser Representatives (“IARs”). The Firm provides investment management services to a wide variety of customers (referred to as “You” or “Client” throughout this Brochure) including corporations, insurance companies, business entities, trusts, estates and individuals. Investment Adviser Representatives The Firm conducts business through its employees and through IARs who may operate from separate offices. IARs that are not employees are separate from the Firm and may operate under their own business names and logo, which may appear on their sales and marketing materials. The business names, DBA names and logos used by IARs are separate and not owned by the Firm. IARs may also offer and provide other services through their business name or DBA names. However, all IARs must conduct Investment Advisory Services through the Firm and provide advisory services on a fiduciary basis and make recommendations or investments in the best interest of Clients. Since IARs can maintain external business activities, whenever a real or potential conflict arises, the IAR will discuss this with a Client. Some IARs are also licensed to sell insurance and may sell variable insurance or variable annuity contracts, which are securities. IARs selling variable insurance or variable annuity contracts must be registered representatives with independent broker- dealers. Whenever IARs sell any insurance products, they earn separate compensation on that sale from an insurance company. Even though such sales are not part of the Firm’s services, IARs must still act in the best interests of Clients and cannot sell insurance products that are not suitable for a client. Information about IARs including their significant external business activities can be found in Form ADV Part 2B Brochure Supplement, which also contains more detailed information about their educational backgrounds, business experience, and disciplinary history (if any). Delivery of Investment Advisory Services The Firm delivers Investment Advisory Services to Clients through a Discretionary Investment Management Services Agreement (“Investment Management Agreement”) or through a Consulting Services Agreement. In certain circumstances, clients who already have an Investment Management Agreement in place but later add new or different services, the Firm may request the Client execute a supplemental agreement to the Investment Management Agreement to cover the new or different service(s). For Investment Advisory Services through an Investment Management Agreement, the Firm and its IARs advise and provide services with respect to portfolio construction, portfolio advisement, portfolio management, or management of discrete assets or accounts. Such arrangements typically call for a Custodian to custody the assets and for a broker-dealer to be selected for buying and selling securities. A specialized Investment Management Agreement is utilized to provide retirement plan services to Clients that are employers/plan sponsors. This engagement can be on a one-time or ongoing basis. Generally, such retirement plan services consist of assisting plan sponsors in recommending, monitoring, and reviewing the investment menu for the company’s participant-directed retirement plan. In addition, the Firm offers Consulting Services on an hourly or flat fee basis to Clients seeking general investment advice; advice with respect to certain specific assets; research related to certain assets classes, investments, funds or managers; implementation and structuring of certain complex or unique investment strategies or funds; advice on the formation and management of private fund structures; advice on the establishment of complex separately managed accounts; and research and exploration of the market potential for certain private offerings. Discretionary Investment Advisory Services In establishing a Client relationship, the Firm will gather information regarding a Client’s investment objectives and risk tolerances. With discretionary authority, the Firm shall be permitted to buy, sell or exchange securities in the Account without obtaining specific consent prior to each transaction, provided that such actions are consistent with the Client’s goals, objectives and risk tolerances. An independent Custodian and Broker are appointed and the Client enters into a separate written agreement with the Custodian and Broker and pays for such services separately. For the Firm to make appropriate investment recommendations or selections, it is important that the Client provide accurate and complete responses to the questions asked by the Firm, as well as informing the Firm of changes to the Client’s investment objectives, financial circumstances and other factors that may impact the account. The Firm

will, on at least an annual basis, contact each Client to attempt to determine whether there has been any change in the Client’s financial situation, investment objectives, investment needs or reasonable restrictions on the management of the Client’s account. However, it remains the responsibility of each client to inform the Firm of any material changes. Clients may contact the Firm at any time. The Firm may recommend that Clients invest through sub-managers and in asset classes such as mutual funds, index funds, exchange traded funds, fixed income securities, private funds, or equities. In addition to fully-customized portfolios, the Firm offers Clients the opportunity to invest in various model portfolios wherein, client assets are invested in accordance with the relevant model(s) determined to best align with the Client’s objectives, risk tolerance, and overall investment preferences. For certain individual clients, the Firm recommends investing in insurance products, if appropriate. The Firm does not allocate or direct Client brokerage transactions to a broker-dealer based on receipt of products or services or research or other benefits (referred to as “soft-dollar” transactions). In addition to the investments listed above, the Firm may invest Client Accounts in funds containing alternative investments, such as certain hedge funds, REITs, private equity funds, structured credit, collateralized leveraged debt offerings and other “alternative” products. These investments vary as to type, objective, and risk. These funds are typically available to Clients who meet minimum income and/or net worth requirements and who can afford to make a substantial minimum investment. Such Clients must meet an “accredited investor” or “qualified purchaser” threshold under applicable securities laws The funds vary as to when interests can be liquidated, dividends paid or capital returned, and, therefore, such investments are intended as long-term purchases. Notwithstanding that the Client may have granted the Firm discretion to select investments, the offering documents for alternative products will be carefully reviewed with a Client before an investment is made and a determination made as to eligibility of the Client. The Client may also have assets in its account(s) with the custodian that are not subject to the Firm’s management services, known as unmanaged assets (the “Unmanaged Assets”). MAS will not be responsible for managing Unmanaged Assets and they will be excluded from MAS advisory fee calculation. Unmanaged Assets are included in the Client’s account at the custodian for the Client’s convenience and to allow such Unmanaged Assets to be included in reports provided by MAS to clients. Subadvisory Services The Firm also offers its investment advisory services on a subadvisory basis. In such circumstances, the Firm will be engaged by another investment manager for the purpose of managing assets for certain clients (“Subadvisory Clients”) of the other investment manager. Subadvisory Clients will not be direct clients of the Firm. The Firm’s Subadvisory Services are available on a discretionary basis. The Firm’s Subadvisory Services shall be carried out in accordance with the investment objectives and restrictions described in the applicable Investment Policy Statement (“IPS”) or as otherwise indicated by written notice to the Firm by the other investment manager. IRA Rollovers From time to time, the Firm advises clients that are considering whether to rollover the assets in a qualified employer-sponsored retirement plan (“Employer Plan”) to an Individual Retirement Account (“IRA”). Clients considering rollovers should review and consider the advantages and disadvantages of an IRA rollover from their Employer Plan. A plan participant leaving an employer typically has four options (and may engage in a combination of these options): (1) Leave the money in the former employer’s plan, if permitted; (2) Rollover the assets to a new employer’s plan (if available and rollovers are permitted); (3) Rollover Employer Plan assets to an IRA; or, (4) Cash out the Employer Plan assets and pay the required taxes on the distribution. At a minimum, Clients should consider fees and expenses, investment options, services, penalty- free withdrawals, protection from creditors and legal judgments, required minimum distributions, and employer stock. The Firm encourages Clients to discuss their options and review the above listed considerations with an accountant, third-party administrator, investment advisor to the Employer Plan (if available), or legal counsel, to the extent necessary. By recommending that you rollover your Employer Plan assets to an IRA, the Firm and your financial advisor may earn fees based on the terms of your management agreement. In contrast, leaving assets in your Employer Plan or rolling the assets to a plan sponsored by your new employer likely results in little or no compensation to the Firm. The Firm has an economic incentive to encourage investors to rollover Employer Plan assets into an IRA managed by the Firm. Clients face increased fees when they move retirement assets from an Employer Plan to a Rollover IRA account. Even if there are no costs associated with the IRA rollover itself, there will be costs associated with account administration, investment management, or both. In addition to the fees charged by the Firm, the underlying investment (mutual fund, ETF, annuity, or other investment) charges a management fee. Custodial and trading fees also apply. Investing in an IRA with the Firm will typically be more expensive than an Employer Plan. Additional resources about IRA Rollovers are available to investors through FINRA’s web site at www.finra.org. Client Assets Under Management The Firm has Client assets under management (all discretionary) as of December 31, 2023, totaling $ 1,354,221,310.