Grand Central Investment Group, LLC (the “Firm” or “Advisor”) is a limited liability corporation formed under Florida law. The Advisor became a registered investment advisor in January 2015.1 The Firm was established in July 2014. Frank E. Cooper III became the Advisor’s Chief Executive Officer (“CEO”) in August 2014. The Advisor is solely owned by Frank E. Cooper III. Advisory services include separate account portfolio management, financial planning, and consulting services. This Wrap Brochure provides information about the Advisor and its advisory services under its wrap program. Other investment advisory services offered by the Advisor are described in detail in the Advisor’s ADV Part 2A Brochure. Through its wrap program, the Grand Central Investment Group Wrap Program, the Advisor provides ongoing investment advice and management for assets in the client’s account. The Advisor provides advisory services for the following types of investments: equity securities, warrants, options, debt securities, municipal bonds, real estate investment trusts (“REIT”), mutual funds, closed end funds, exchange traded products (“ETP”), unit investment trusts, private placements, limited partnerships, structured products, alternative investments, certificates of deposit (“CD”), and master limited partnerships (“MLP”). Advisory services are tailored to an individual client’s needs. As of December 31, 2023, the Advisor managed approximately $102,425,147 in client assets on a discretionary basis, and $23,188,332 on a non-discretionary basis. Services At our initial meeting with a prospective client, we tend to ask the “SWAN” Question – Help us understand what needs to happen for you to SleepWell® at night.2 Basically, help us understand what needs to happen over the next three to five years for you to be pleased with your financial progress. This leads to our “CAR” Conversation, which is a discussion to first to discover the client’s Concerns, which then leads to what they would like to Accomplish, and finally the Resources that they have to work with through current liquid assets along with their ability to save annually. From there, we begin to help the client better understand asset allocation and the resulting potential volatility of the financial markets for each of our investment models. This helps us identify where the client is the most comfortable on a risk scale to help accomplish the client’s financial goals. Portfolios typically include, but are not limited to, a variety of stock positions, ETPs, mutual funds, and individual corporate or municipal bonds (based on the Advisor’s assessment of a client’s personal finances and tax bracket). 1Registration does not imply a certain level of skill or training. 2Investment results are not guaranteed. There are risks involved with investing, including possible loss of principal. See “Methods of Analysis and Investment Strategies” below for additional information regarding risks of loss. A client may impose restrictions by indicating any restrictions in the Investment Advisory Agreement. A client may impose restrictions on specific industries or securities that the client prefers not to invest. The Advisor will exercise its best efforts to adhere to the client’s investment restrictions. Imposing restrictions may affect a client’s overall portfolio performance in relation to other portfolios the Advisor may manage without such restrictions. Trade-PMR, Inc. (“Custodian”) acts as the custodian for clients’ accounts and provides brokerage and execution services as the broker-dealer on account transactions and delivers quarterly statements to clients. Fees and Compensation The client pays the Advisor a single wrap fee (“Advisory Fee”) for advisory, brokerage and trade execution services. The Advisory Fee is based on the value of assets managed by the Advisor, calculated as a percentage of assets under management. This fee is compensation for advisory services and portfolio management fees rendered by the Advisor, as well as charges for execution and transaction services provided by the Custodian. The Advisory Fee is negotiable between the client and the Advisor and is set out in the Investment Advisory Agreement. Fees may be negotiated on a client-by-client basis depending on the client’s specific financial needs as well as the size, complexity and nature of the portfolio managed and will be set forth in the Investment Advisory Agreement. Because the Advisory Fee may be negotiated, not all clients will pay the same fees. A client may pay higher or lower Advisory Fees depending on considerations such as the size of the client’s account, the amount of time the client has maintained an account with the Advisor (or its affiliated IAR), and/or the combined market value of related portfolios. While the Advisor believes that its Advisory Fees are competitive, clients may find lower or higher fees for comparable services from other sources. The maximum Advisory Fee schedule is as follows: Assets Under Management Maximum Annual Fee First $250,000 2.25% Next $250,000 1.75% Next $500,000 1.50% Next $1,000,000 1.25% Next $3,000,000 1.00% Over $5,000,000 .75% The amount of the Advisory Fee is set forth in the Investment Advisory Agreement executed by the client at the time the relationship is established. Advisory Fees are charged quarterly in advance as a percentage of the portfolio value on the last business day of the previous quarter or the last value provided by the custodian (if not valued quarterly). These asset-based fees are assessed on all billable assets under management, including securities, cash, and money market funds. The initial investment advisory fee will be prorated based upon the number of days from the first day the Client’s assets are transferred to Custodian through the end of the quarter in which the assets were transferred. Subsequently, investment advisory fees are charged and debited from a client’s account within the first week of each calendar quarter. Although the client does not directly pay charges for execution and

transactions, clients should be aware that from the Advisory Fee paid to the Advisor, the Advisor pays the Custodian for its charges associated with the client’s account. The Advisor retains the remaining portion as compensation for its advisory services and portfolio management. These transaction charges paid by the Advisor to the Custodian vary based on the type of transaction. Because the Advisor pays the execution and transaction charges, clients should understand that the cost of transaction charges is a factor to the Advisor when making decisions regarding transactions in the client’s account. The Advisor instructs the Custodian to debit the client’s designated account(s) the amount of the Advisory Fee. If the client’s account does not maintain a sufficient cash or money market balance to cover the Advisory Fee or is restricted from automatic debiting of fees, the client may deposit additional funds (subject to certain restrictions for IRA accounts and Qualified Retirement Plans) or make payment in an alternative manner acceptable to the Advisor. If such funds are not deposited, certain securities in the client’s account may be liquidated in an amount sufficient to cover such debits. A client has the right to terminate the Investment Advisory Agreement for investment advisory services without penalty within five (5) business days after entering into an Investment Advisory Agreement. Thereafter, the Investment Advisory Agreement will terminate upon the Advisor’s receipt of the client’s verbal or written notice. The Advisor may cease providing investment advisory services upon its written notice of termination of the Investment Advisory Agreement to the client or upon the occurrence of certain events as described in the Investment Advisory Agreement. Upon the effective date of termination, the client will be refunded fees on a prorated share based on the remaining days of the quarter that have been prepaid. After the termination date, the Advisor has no responsibility to provide ongoing investment advice to the client. Other Types of Fees and Expenses In addition to the Advisory Fee, which includes the Custodian’s execution and transaction costs, the Custodian may charge additional costs directly to the client. The Custodian notifies clients of these charges at account opening and makes available a list of these charges directly to the client. The Advisor may assume the cost of expenses incurred from engaging an outside tax preparation service on behalf of the client. This service is negotiable and will be set out in the Investment Advisory Agreement. The Advisor does not pay for tax preparation services for all clients. Fees Charged by Third Parties There are other fees and charges that are imposed by parties other than the Advisor (third parties) that apply to investments in Grand Central Investment Group Wrap Program accounts. If a client’s assets are invested in mutual funds, ETPs, or other pooled investment products, the client should be aware that there will be two layers of fees and expenses for those assets. The client will pay an investment management fee to the fund manager and other expenses as a shareholder of the fund. In the case of mutual funds that are fund-of-funds, there could be an additional layer of fees, including performance fees that vary depending on the performance of the fund. The client will also pay the Advisor the Advisory Fee with respect to those assets. Most of the mutual funds available to the Grand Central Investment Group Wrap Program can be purchased directly. Therefore, a client could generally avoid the second layer of fees by not using the advisory services of the Advisor and by making their own decisions regarding the investment. If a client transfers a previously purchased mutual fund into a Grand Central Investment Group Wrap Program account, and there is an applicable contingent deferred sales charge on the fund, the client will pay that charge when the mutual fund is sold. If a mutual fund has a frequent trading policy, the policy can limit a client’s transactions in shares of the fund (e.g., for rebalancing, liquidations, deposits or tax harvesting). Although the Custodian makes available no-load and load-waived mutual funds to Grand Central Investment Group Wrap Program accounts, the Custodian receives asset-based sales charges or service fees (e.g., 12b-1 fees) from certain mutual funds. The Custodian retains these fees and they are not shared with the Advisor. If a client holds a REIT as part of a Grand Central Investment Group Wrap Program account, there are dealer management fees and other organizational, offering and pricing expenses imposed by the REIT. If a client holds a UIT in the Grand Central Investment Group Wrap Program account, UIT sponsors charge creation and development fees or similar fees. Further information regarding fees assessed by a product sponsor is available in the appropriate prospectus or offering document, which is available upon request from the Advisor or from the product sponsor directly. Important Things to Consider About Fees on a Grand Central Investment Group Wrap Program Account The Advisory Fee is an ongoing wrap fee for investment advisory services, which includes the cost of the execution of transactions and other administrative and custodial services. The Advisory Fee may cost the client more than purchasing the services separately, for example, paying an advisory fee plus commissions for each transaction in the account. In as much as the Advisor pays the Custodian the transaction and execution costs associated with client accounts, this may create a disincentive for the Advisor to trade securities in accounts. Factors that bear upon the cost of the Grand Central Investment Group Wrap Program account in relation to the cost of the same services purchased separately include the:
• type and size of the account;
• historical and/or expected size or number of trades for the account; and
• number and range of supplementary advisory and client-related services provided to the client. The Advisor receives compensation as a result of the client’s participation in the program, which may be more than what the client would pay to another investment advisory firm. The Advisor may make amendments to the fee schedule, including negotiated fees, at any time with at least 30 days written notice to the client.