A. Firm Information Money Managers, Inc. (“MMI” or the “Advisor”) is a registered investment advisor located in the State of Nevada and organized as an S Corporation under the laws of California. MMI was founded in September 2009 and is owned and operated by CEO, Marc S. Aarons. This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by MMI. B. Advisory Services Offered MMI offers investment advisory services to individuals, small businesses and charities in Nevada, California and other states (each referred to as a “Client”). Investment Management Services MMI provides customized investment advisory solutions for its Clients. This is achieved through continuous personal Client contact and interaction while providing either discretionary or non-discretionary investment management and consulting services. MMI works with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio allocation. MMI will then construct a portfolio, consisting of mutual funds, exchange-traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may also utilize individual stocks and bonds to meet the needs of its Clients as well as certificate of deposit, variable life insurance, variable annuities, and options as appropriate for each Client. The Advisor will not receive commissions on variable life insurance or variable annuity products. The Advisor will only receive its agreed-upon Investment Advisory Fee. MMI ’s investment strategy is primarily long-term focused, but the Advisor may buy, sell or re-allocate positions that have been held less than one year to meet the objectives of the Client or due to market conditions. MMI will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to the acceptance by the Advisor. MMI evaluates and selects ETFs and mutual funds for inclusion in Client portfolios only after applying their internal due diligence process. MMI may recommend, on occasion, redistributing investment allocations to diversify the portfolio. MMI may recommend specific positions to increase sector or asset class weightings. The Advisor may recommend employing cash positions as a possible hedge against market movement, which may adversely affect the portfolio. MMI may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Prior to rendering investment advisory services, MMI will ascertain, in conjunction with the Client, the Client’s financial situation, risk tolerance, and investment objective[s]. MMI will provide investment advisory services and portfolio management services and will not provide securities custodial or other administrative services. At no time will MMI accept or maintain custody of a Client’s funds or securities, except for authorized deduction of the Advisor’s fees. All Client assets will be managed within their designated brokerage account or pension account, pursuant to the Client investment advisory agreement. Financial Planning and Consulting Services MMI will typically provide a variety of financial planning services to individuals and families, pursuant to a written Financial Planning or Consulting Agreement. Services are offered in several areas of a Client’s financial situation, depending on their goals, objectives and financial situation. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation for clients based on the Client’s financial goals and objectives. This planning or consulting may encompass one or more areas of need, including, but not limited to investment planning, retirement planning, personal savings, education savings and other areas of a Client’s financial situation. For example, a recommendation to engage the Advisor for investment management services or to increase the level of investment assets with the Advisor would pose a conflict, as it would increase the advisory fees paid to the Advisor. A financial plan developed for or financial consultation rendered to the Client will usually include general recommendations for a course of activity or specific actions to be taken by the Client. For example, recommendations may be made that the Client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs. MMI may also refer Clients to an accountant, attorney or other specialist, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed within six months of contract date, assuming all information and documents requested are provided promptly. Financial planning and consulting recommendations may pose a potential conflict between the interests of the Advisor and the interests of the Client.

Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the Client is under no obligation to effect the transaction through the Advisor. Retirement Plan Advisory Services Provider Due Diligence Search, Presentation, and Finalist Review
• Request quotes from up to four providers
• Analysis of recordkeeping, administration, technology services, Plan compliance, employee communications, and investment management services offered by each Provider
• Analysis of hard and soft dollar administrative, investment management, asset and other fees charged by each Provider
• Total cost analysis and projection of all the providers surveyed (up to four)
• Mapping strategy and investment scorecard comparison for certain core providers
• Written analysis, prepared by Advisor
• RFP discussion presentation to Client Facilitation of Conversion Process (If Applicable)
• Advisor Consultants and Relationship Managers to facilitate Plan conversion
• Provide sample letters and correspondence related to the Plan conversion
• Monitoring of the action items identified in the Advisor Conversion Checklist Fiduciary Fitness Program
• Fiduciary gap analysis and documentation using proprietary Report Card
• Provide a full program to systemize and document steps to meet fiduciary best practices and compliance for qualified Plans
• Annual Fiduciary Plan Review, includes an analysis of relevant design features, developments in the qualified Plan landscape.
• Develop educational modules
• Benchmarking Plan fees against industry averages and documentation processes for fiduciary responsibilities, administrative compliance checklist and reviews
• Compliance assistance and documentation Investment Due Diligence Program
• Using proprietary evaluation methodology, reviews the investment options that your “Recordkeeper” makes available to your Plan.
• Monitor the Investment Options Menu, and add, remove and replace the investment option in the Plan from time to time.
• Select and monitor the “qualified default investment alternative (“QDIA”) for the Plan. If any participants fail to direct how to invest some or all of their account balances under the Plan, such amounts may be invested in the Plan’s QDIA, subject to the Plan’s terms.
• Quantitative and qualitative criteria including upside and downside capture, one or more style (attribution) analysis, Modern Portfolio Theory statistics (alpha, beta standard deviation, etc.), information ratio, tracking error, and other relevant quantitative and qualitative factors
• On-going written reports, including performance summary, review of investment options, changes/additions summary, and a watch list for those investment options in the Investment Options Menu, as applicable.
• On-site meeting in a frequency determined by the Client and the Advisor, to report on the selecting, monitoring, and any replacement of Plan investments. Investment Policy Statement
• Create and implement an Investment Policy Statement
• Investment Policy Statement integrated with a written investment due diligence process Employee Education and Communications
• On-site enrollment and investment education meetings conducted four days per year in a frequency determined by the Client and the Advisor. At these meetings, Advisor will provide individual Participant advice in private on matters relating to investing in the 401(k) as well as any personal financial matters Participants wish to discuss.
• Advisor will maintain ongoing availability by phone during normal business hours to answer Participant questions. MMI may also provide 3(38) or 3(21) discretionary investment advisory services on behalf of the Plan and Plan Sponsor. Tax Services and Tax Planning MMI does provide tax preparation and other tax related services to Clients. C. Client Account Management Prior to engaging MMI to provide investment advisory services, each Client is required to enter into an investment advisory agreement with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor and the Client. These services may include:
• Establishing an Investment Policy Statement – MMI, in connection with the Client, may develop a statement that summarizes the Client’s investment goals and objectives along with the broad strategy[ies] to be employed to meet the objectives.
• Asset Allocation – MMI will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – MMI will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client.
• Investment Management and Supervision – MMI will provide investment management and ongoing oversight of the Client’s portfolio and overall account. The Client shall approve all trading decisions for their account[s]. D. Wrap Fee Programs MMI does not manage or place Client assets into a wrap fee program. Investment management services are provided directly by MMI. E. Assets Under Management As of December 31, 2023, MMI manages the following assets: Discretionary Assets $153,369,788 Non-Discretionary Assets $0 Total $ 153,369,788 Clients may request more current information at any time by contacting the Advisor.