A. Description of the Advisory Firm MPWM Advisory Solutions LLC (hereinafter “MPWM”) is a Limited Liability Company organized in the State of Georgia. The firm was formed in November 2013 in New York, and is owned and operated by Steven J. Mayer, Managing Member. Mr. Mayer has been in the financial services industry for more than 20 years. This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by MPWM. The firm has a network of offices that provide advisory services under doing business as (“DBA”) names. We provide investment advisory services to clients through licensed individuals who are Investment Adviser Representatives of our firm. Your investment adviser representative is an independent contractor of our firm. Advisors on occasion have their own legal business entities whose business names and/or trademarks appear on marketing materials as approved by us, or on client statements as accepted by your accounts’ custodian. A complete list of our approved DBA names can be found by searching for MPWM Advisory Solutions, LLC CRD #169885 at www.adviserinfo.sec.gov and viewing Section 1.B of Schedule D of our Part 1A of Form ADV. As of December 31, 2023, MPWM manages $315,719,294 in Client assets, $315,551,570 of which is managed on a discretionary basis and $167,724 on a non-discretionary basis. Clients may request more current information at any time by contacting the Advisor. B. Types of Advisory Services MPWM offers investment advisory services to individuals, high net worth individuals, families, trusts, estates, businesses, and charitable institutions (each referred to as a “Client”). The Advisor serves as a fiduciary to its Clients, as defined under the applicable laws and regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential conflicts of interest. MPWM’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. Direct Investment Management Services We generally follow an established investment management process with a long-term orientation. For most clients, we believe that a long-term diversified approach is the most suitable investment strategy. As part of our asset management services, we create a portfolio consisting of individual stocks or bonds, exchange traded funds (“ETFs”), options, mutual funds, fee-based variable annuities and other public and private securities or investments. We also manage a group of standard model asset allocation portfolios that are used in client accounts, when appropriate. In addition, we also manage affiliate advisers’ custom portfolios, either on an individual basis or as part of our firm’s model portfolios. Each portfolio is designed to meet the client’s particular investment goals, risk tolerance and financial circumstances. The client’s individual investment strategy is tailored to their specific needs and include some or all of the previously mentioned strategies and securities. The investment adviser representative recommends a strategy after obtaining a reasonable belief that it is in the client’s best interest. Once a portfolio has been determined and agreed upon by the client, we review the portfolio periodically or as often as necessary and will rebalance and/or recommend modifications to the portfolio as needed. Each investment adviser representative remains responsible for managing client portfolios directly or using MPWM’s Investment Management team to assist with managing client portfolios. The experience of our investment adviser representatives who in some circumstances, also serve as portfolio managers will vary from one individual to another. Along those same lines, performance results will also vary from one investment adviser representative to another. We will manage the client’s investment portfolio on a discretionary or a non-discretionary basis. As a discretionary investment adviser, we will have the authority to supervise and direct the portfolio without prior consultation with the client. Under a non-discretionary arrangement, clients must be contacted prior to the execution of any trade in the account(s) under management. Clients have the ability to impose certain reasonable written restrictions in the management of their investment portfolios, such as prohibiting the inclusion of certain types of investments in a portfolio or prohibiting the sale of certain investments held in the account at the commencement of the relationship. Each client should note, however, that restrictions imposed by a client could adversely affect the composition and performance of the client’s investment portfolio. Client investment portfolios are generally treated individually by giving consideration to each purchase or sale for the client’s account. For these and other reasons, performance of client investment portfolios within the same investment objectives, goals and/or risk tolerance could differ and clients should not expect that the composition or performance of their investment portfolios would necessarily be consistent with those of clients invested in a similar portfolio. We generally will not enter into an investment adviser relationship with a prospective client whose investment objectives we consider to be incompatible with our investment philosophy or strategies or where the prospective client seeks to impose unduly restrictive investment guidelines. Clients have the ability to negotiate the fees to be charged for the services provided within the parameters set by MPWM as disclosed in Item 5 – Fees and Compensation of this brochure. It is possible that different investment adviser representatives charge different fees for providing the same service to clients and different investment adviser representative (in coordination with MPWM) charge their fees according to different methodologies. The specific level of services you will receive, the fees you will be charged, and when you will be charged fees will be specified in your asset management agreement (“Agreement”). MPWM is the sponsor of a wrap fee program (the “Wrap Program” or “Program”). Clients who participate in the Program pay a consolidated fee (“wrap fee”) that includes both the investment advisory fee and transaction fee costs. The wrap fee is based on a percentage of the value in the client’s account in the Program (“wrap fee account”). For more information about the Program please see the Wrap Fee Program Brochure, which is provided to the client at or before the time of establishing a wrap fee account. MPWM also offers “non-wrap” accounts, where the clients pay for transaction fee costs, over and above the advisory fee paid to MPWM. While the client ultimately decides whether to open a wrap fee account or non-wrap fee account, if the investment adviser representative makes an account type recommendation, they have a duty to recommend the account which they have a reasonable basis to believe is in the client’s best interest, both initially and ongoing. Wrap fee programs create conflicts of interest for advisers and risks to investors. Examples include incentives for advisers trading less frequently than may be in the client’s best interest, engaging in transactions that reduce costs to the adviser but increase expenses borne by the client, or mis-billing by failing to incorporate certain covered transactions costs into the wrap fee – to the extent that advisers or their supervised persons have incentives to lower their internal costs. Clients may pay more or less by participating in the Wrap Program than if they arranged to receive the same or similar services in a non-wrap fee account. For example, accounts with low trading volumes, high cash balances, or significant fixed income weightings may be able to receive similar services at a lower cost outside of a wrap fee program. In order to mitigate this conflict of interest, MPWM periodically reviews our advisory fees for wrap fee accounts compared with advisory fees for non-wrap fee accounts. Clients should be aware that while the advisory fee in a wrap fee account is typically higher than a non-wrap fee account, that is not always the case. Clients should also be aware that a wrap fee account may cost you more or less than if the assets were held in a traditional brokerage account. In a brokerage account, you are charged commissions for each transaction, and the representative typically will not agree to monitor your account or provide ongoing advice with respect to the account. So, if you plan to follow a buy and hold investment strategy for the account or do not wish to receive ongoing investment advice or management services, you should consider opening a brokerage account rather than a wrap fee account. When deciding whether one of our advisory services is appropriate for your needs, you should bear in mind that fee-based accounts often result in lower costs than commission-based accounts during periods of heavier trading. However, during periods of lighter trading a fee- based account may result in higher costs. Depending on various factors, the total cost for a fee- based account versus a commission-based account can vary significantly. Factors which affect the total cost include account size, amount of turnover, type and quantities of securities purchased or sold, commission rates, and your tax situation. It should also be noted that lower fees for comparable service may be available from other sources. You should discuss the advantages and disadvantages of fee-based and commission-based accounts with your investment adviser representative. Although clients do not pay a transaction charge for transactions in a Wrap account, clients should be aware that MPWM and/or your investment adviser representative pays the custodian of your account transaction charges for those transactions. The transaction charges paid by us vary based on the type of transaction (e.g., mutual fund, equity or ETF) and for mutual funds based on whether or not the mutual fund pays 12b-1 fees and/or recordkeeping fees to the custodian. Transaction charges paid by MPWM/IAR for equities and ETFs are $0 to $9. For mutual funds, the transaction charges range from $0 to $45. Because MPWM and/or your investment adviser representative pays the transaction charges in Wrap accounts, there is a conflict of interest in cases where the mutual fund is offered at both $0 and $45. Clients should understand that the cost to the Firm of transaction charges may be a factor that the investment adviser representative considers when deciding which securities to select and how frequently to place transactions in a Wrap account. Our investment adviser representatives, in their separate capacity as registered representatives of LPL Financial, LLC (“LPL”), will not receive a portion of the commissions or 12b-1 fees charged to you from an account where MPWM serves as investment adviser. These commissions may include 12b-1 fees, surrender charges and IRA and qualified retirement plan fees. MPWM’s custodians retain these commissions on advisory accounts managed by MPWM. In many instances, LPL Financial makes available mutual funds in wrap fee accounts that offer various classes of shares, including shares designated as Class A Shares and shares designed for advisory programs, which can be titled, for example, as “Class I,” “institutional,” “investor,” “retail,” “service,” “administrative” or “platform” share classes (“Platform Shares”). The Platform Share class offered for a particular mutual fund in wrap fee accounts in many cases will not be the least expensive share class that the mutual fund makes available and was selected by LPL in certain cases because the share class pays LPL compensation for the administrative and recordkeeping services LPL provides to the mutual fund. Clients should understand that other custodian(s) may offer the same mutual fund at a lower overall cost to the investor than is available through LPL wrap fee accounts. In other instances, a mutual fund may offer only Class A Shares, but another similar mutual fund may be available that offers Platform Shares. Class A Shares typically pay Custodian(s) a 12b-1 fee for providing shareholder services, distribution, and marketing expenses (“brokerage related services”) to the mutual funds. Platform Shares generally are not subject to 12b-1 fees. As a result of the different expenses of the mutual fund share classes, it is generally more expensive for a client to own Class A Shares than Platform Shares. An investor in Platform Shares will pay lower fees over time and keep more of his or her investment returns than an investor who holds Class A Shares of the same fund. MPWM has a financial incentive to recommend Class A or Non-transaction Fee (“NTF”) Shares in cases where both Class A or NTF and Platform Shares are available. This is a conflict of interest which might incline your investment adviser representative to render advice that is not disinterested. Although the client will not be charged a transaction fee for transactions in LPL wrap fee accounts, MPWM pays LPL a per transaction charge for mutual fund purchases and sales in the account. MPWM generally does not pay transaction charges for Class A or NTF Share mutual fund transactions accounts, but generally does pay transaction charges for Platform Share mutual fund transactions. The cost to your investment adviser representative and/or MPWM of the transaction charges may be a factor which MPWM and/or your investment adviser representative considers when deciding which securities to select and whether or not to place transactions in the account and presents a conflict of interest. MPWM’s internal policy regarding Mutual Fund shares class selection is that MPWM Investment Management will make the appropriate shares class selection based on account type and account size, per our MPWM Investment Management Policies and Procedures. Account balances below a specified threshold in standard model portfolios (as discussed below in Item 8) will invest in a Mutual Fund share class that are NTF funds, that pay a 12b-1 fee, but are not always Class A shares. This policy is reviewed on a quarterly basis. All model portfolios managed by individual investment advisers and not part of the standard model portfolios must be invested in Platform shares or best available share class based on the net expense ratio. The lack of transaction

charges to MPWM for Class A or NTF Share purchases and sales, together with the fact that Platform Shares generally are less expensive for a client to own, presents a significant conflict of interest between MPWM and/or your investment adviser representative and the client. In short, it costs us less to recommend and select Class A or NTF share mutual funds than Platform shares, but Platform shares will generally outperform Class A or NTF mutual fund shares on the basis of internal cost structure alone. Clients should understand this conflict and consider the additional indirect expenses borne as a result of the mutual fund fees when negotiating and discussing with your investment adviser representative the advisory fee for management of an account. Before we assess any fees or provide formal advice, we will provide you with an Agreement for your review, understanding and signature. The Agreement includes the terms and conditions under which your assets will be managed. Your execution of the Agreement authorizes our firm to determine the specific securities, and the quantity of securities to be purchased or sold for your account for each transaction. The Agreement will remain in effect between you and us until terminated by either party in writing according to the terms within the Agreement. The Agreement will include the specific fees we propose to charge and how we propose to bill and collect those fees. You also have the ability to impose reasonable limits on investment selections and sectors. However, the firm retains the right to decline to enter into a management agreement with any client whose investment restrictions are contrary to the firm’s investment strategies. Separate Account Managers/Third Party Money Managers MPWM may recommend to Clients that all or a portion of their investment portfolio be implemented by utilizing one or more unaffiliated money managers or investment platforms (collectively “Independent Managers”). Independent Managers may be sourced directly or accessed through an investment management platform. The Client will be required to enter into a separate agreement with the Independent Manager(s). MPWM serves as the Client’s primary advisor and relationship manger. However, the Independent Manager(s) will assume discretionary authority for the day-to-day investment management of those assets placed in their control. MPWM will assist and advise the Client in establishing investment objectives for their account(s), the selection of the Independent Manager(s), and defining any restrictions on the account(s). MPWM will continue to provide oversight of the Client’s account(s) and ongoing monitoring of the activities of these Independent Managers. The Independent Manager(s) will implement the selected investment strategies based on their investment mandates. The Client may be able to impose reasonable investment restrictions on these accounts, subject to the acceptance of these third parties. The Client, prior to entering into an agreement with an Independent Manager, will be provided with the Form ADV Part 2A (or a brochure that makes the appropriate disclosures) of those parties. MPWM does not receive any compensation from these Independent Managers or Investment Platforms, other that MPWM’s investment advisory fee as described in Item 5 below. When appropriate, MPWM may also provide advisory services through certain programs sponsored by LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker- dealer. Below is a brief description of each LPL advisory program presently used by MPWM. In certain instances, LPL will permit a lower minimum account size than stated below. For more information regarding the LPL programs, including more information on the advisory services and fees that apply, the types of investments available in the programs and the conflicts of interest presented by the programs, please see the program account packet (which includes the account agreement and LPL Form ADV program brochure) and the Form ADV, Part 2A of LPL or the applicable program. Model Wealth Portfolios Program (MWP) – MWP offers clients a professionally managed mutual fund asset allocation program. MPWM will obtain the necessary financial data from the client, assist the client in determining the suitability of the MWP program and assist the client in setting an appropriate investment objective. MPWM will initiate the steps necessary to open an MWP account and have discretion to select a model portfolio designed by LPL Financial’s Research Department consistent the client’s stated investment objective. LPL’s Research Department or third-party portfolio strategists are responsible for selecting the mutual funds or ETFs within a model portfolio and for making changes to the mutual funds or ETFs selected. The client will authorize LPL to act on a discretionary basis to purchase and sell mutual funds and ETFs and liquidate previously purchased securities. The client will also authorize LPL to effect rebalancing for MWP accounts. MWP requires a minimum asset value for a program account to be managed. The minimums vary depending on the portfolio(s) selected and the account’s allocation amongst portfolios. The lowest minimum for a portfolio is $25,000. In certain instances a lower minimum for a portfolio is permitted. Manager Access Select Program (MAS) – MAS offers clients the ability to participate in the Separately Managed Account Platform (the “SMA Platform”) or the Model Portfolio Platform (the “MP Platform”). In the SMA Platform, MPWM will assist client in identifying a third party portfolio manager (SMA Portfolio Manager) from a list of SMA Portfolio Managers made available by LPL, and the SMA Portfolio Manager manages client’s assets on a discretionary basis. MPWM will provide initial and ongoing assistance regarding the SMA Portfolio Manager selection process. In the MP Platform, clients authorize LPL to direct the investment and reinvestment of the assets in their accounts, in accordance with the selected model portfolio provided by LPL’s Research Department or a third-party investment advisor. A minimum account value of $50,000 is required for Manager Access Select, however, in certain instances, the minimum account size may be lower or higher. Guided Wealth Portfolios Program (GWP) – GWP offers clients the ability to participate in a centrally managed, algorithm-based investment program, which is made available to users and clients through a web-based, interactive account management portal (“Investor Portal”). Investment recommendations to buy and sell exchange-traded funds and open-end mutual funds are generated through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of FutureAdvisor, Inc. (“FutureAdvisor”), based upon model portfolios constructed by LPL and selected for the account. Communications concerning GWP are intended to occur primarily through electronic means (including but not limited to, through email communications or through the Investor Portal), although MWPM will be available to discuss investment strategies, objectives or the account in general in person or via telephone. See LPL’s GWP Program Brochure for detailed information. A minimum account value of $5,000 is required to enroll in the Managed Service. Optimum Market Portfolios (OMP) – OMP offers clients the ability to participate in a professionally managed asset allocation program using Optimum Funds shares. Under OMP, the client will authorize LPL on a discretionary basis to purchase and sell Optimum Funds pursuant to investment objectives chosen by the client. MPWM will assist the client in determining the suitability of OMP for the client and assist in setting an appropriate investment objective. Financial Advisors will have discretion to select a mutual fund asset allocation portfolio designed by LPL consistent with the client’s investment objective. A minimum account value of $10,000 is required. (LPL offers other advisory account programs that are not presently used by MPWM. MPWM may use additional programs in the future.) AssetMark Additionally, MPWM may offer advisory services to Clients by selecting the AssetMark Platform. For more information regarding the AssetMark Platform, refer to AssetMark Platform Disclosure Brochure. The minimum investment required on the AssetMark Platform depends upon the Investment Solution chosen for a Client’s account and is generally $10,000 for Mutual Funds and $25,000 for ETF Accounts, and from $25,000 to $1,00,000 for Privately managed and Unified Managed Accounts, depending on the investment strategy selected for the account. Tese minimums are describe in more detail in the Fees & Minimums Page in the AssetMark Platform Disclosure Brochure. Accounts below the stated minimums may be accepted on an individual basis at the discretion of AssetMark. Rollover Advice As an investment adviser, our objective is to provide services which are in the best interest of our clients. A client may consider rolling money out of a 401(k) or other retirement plan or IRA, and into an IRA with MPWM. MPWM maintains policies and procedures that help to ensure that such a rollover recommendation by one of our IARs is in the client’s best interest. A conflict of interest exists for our investment adviser representatives as they have an economic incentive to offer advisory services, including recommending rollovers to clients. This applies to those services for which the advisory fee that we charge, and the compensation that the investment adviser representative receives, is a function of the assets under management. With respect to rollovers from qualified plans or IRAs, clients are under no obligation to roll them over to MPWM and should carefully consider all relevant factors before doing so. 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. MPWM has implemented policies, procedures, and systems and provided training to help ensure compliance with the special rule. Financial Planning Services MPWM may provide a variety of financial planning services to individuals and families, either as a component of investment management or pursuant to a separate written financial planning agreement. We charge an hourly or flat fee for financial planning services offered outside of investment management accounts. The total estimated fee, as well as the ultimate fee is based on the scope and complexity of our engagement with you and will be described in the Client’s Financial Planning Agreement. Retirement Plan Advisory Services MPWM provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized to the needs of the Plan and Plan Sponsor. Services generally include:
• Plan Participant Enrollment and Education
• Investment Oversight Services (ERISA (3(21))
• Performance Reporting These services are provided by MPWM serving in the capacity as a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan Sponsor is provided with a written description of MPWM’s fiduciary status, the specific services to be rendered and all direct and indirect compensation the Advisor reasonably expects under the engagement. C. Client Account Management Prior to engaging MPWM to provide advisory services, each Client is required to enter into one or more agreements with the Advisor that define the terms, conditions, authority and responsibilities for the Advisor and the Client. These services may include the following:
• Establishing an Investment Strategy – MPWM will work with each Client to develop a strategy that seeks to achieve the Client’s goals and objectives.
• Asset Allocation – MPWM will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and tolerance for risk of each Client.
• Portfolio Construction – MPWM will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client.
• Investment Management and Supervision – MPWM will provide investment management and ongoing oversight of the Client’s investment portfolio. D. Wrap Fee Programs As discussed in Item 4B above, MPWM may include the securities transaction fees together with investment advisory fees to provide the Client with a single, bundled fee structure. This combination of fees is typically referred to as a “Wrap Fee Program”. MPWM customizes its investment management services for Clients. This Wrap Fee Program Brochure is included as Appendix 1 to this Disclosure Brochure solely to discuss the fees and conflicts associated with a bundled fee. Please see Appendix 1, which is always included with this Disclosure Brochure. MPWM is the program sponsor and portfolio manager of accounts within LPL Financial’s SWM II platform. The OMP, GWP and MWP Programs offered by LPL Financial and the accounts established with Assetmark are third-party wrap fee programs. A complete description of these programs and related fees, charges, when charges are due, and termination procedures are described in the respective managers’ disclosure brochures, which you receive at or prior to the time a third-party managed account is established.