Burt Asset Management, Inc.

Item 1 – Cover Page Burt Asset Management, Inc. 10 Arabian Avenue Alpharetta, GA 30004 770 475-3701 chrisburt@att.net 5/1/2026 This Brochure provides information about the qualifications and business practices of Burt Asset Management, Inc. If you have any questions about the contents of this Brochure, please contact us at 770 475-3701 or chrisburt@att.net. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Burt Asset Management, Inc. is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training. The oral and written communications of an Adviser provide you with information about which you determine to hire or retain an Adviser. Additional information about Burt Asset Management, Inc. also is available on the SEC’s website at www.adviserinfo.sec.gov. i  Item 2 – Material Changes Current: BAM's discretionary assets under management as of 12/31/25 were $116,959,077. Non- Discretionary assets were $0. Previous: BAM will now offer clients the option to have fees for services rendered to be paid directly from the accounts being managed. Clients who choose this payment method will sign the form authorizing the custodian to debit the quarterly fee, billed in arrears, from the client account to BAM. There is no additional charge or service fee for this payment method and it can be canceled at any time without penalty. BAM will simultaneously notify client and custodian the amount of the invoice to be paid. Clients who do not wish for this payment method will still be able to pay their fees by check. This information is also covered under Item 5, Fees and Compensation, on page 3. On July 28, 2010, the United State Securities and Exchange Commission published “Amendments to Form ADV” which amends the disclosure document that we provide to clients as required by SEC Rules. This Brochure dated 3/1/11 is a new document prepared according to the SEC’s new requirements and rules. As such, this Document is materially different in structure and requires certain new information that our previous brochure did not require. The original brochure is dated 3/9/98 has not had any material changes until 3/1/11. In the future, this Item will discuss only specific material changes that are made to the Brochure and provide clients with a summary of such changes. We will also reference the date of our last annual update of our brochure. In the past we have offered or delivered information about our qualifications and business practices to clients on at least an annual basis. Pursuant to new SEC Rules, we will ensure that you receive a summary of any materials changes to this and subsequent Brochures within 120 days of the close of our business’ fiscal year. We may further provide other ongoing disclosure information about material changes as necessary. We will further provide you with a new Brochure as necessary based on changes or new information, at any time, without charge. Currently, our Brochure may be requested by contacting Chris Burt, President at 770 475-3701 or chrisburt@att.net. Additional information about Burt Asset Management, Inc. is also available via the SEC’s web site www.adviserinfo.sec.gov. The SEC’s web site also provides information about any persons affiliated with Burt Asset Management, Inc. who are registered, or are required to be registered, as investment adviser representatives of Burt Asset Management, Inc. ii  Item 3 – Table of Contents Item 1 – Cover Page i Item 2 – Material Changes ii Item 3 -Table of Contents iii Item 4 – Advisory Business 1-2 Item 5 – Fees and Compensation 3 Item 6 – Performance-Based Fees and Side-By-Side Management 3 Item 7 – Types of Clients 4 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss 4 Item 9 – Disciplinary Information 5 Item 10 – Other Financial Industry Activities and Affiliations 5 Item 11 – Code of Ethics 5 Item 12 – Brokerage Practices 6 Item 13 – Review of Accounts 7 Item 14 – Client Referrals and Other Compensation 7 Item 15 – Custody 7 Item 16 – Investment Discretion 7 Item 17 – Voting Client Securities 8 Item 18 – Financial Information 8 Item 19 – Requirements for State-Registered Advisers 8 Brochure Supplement(s) iii  Item 4 – Advisory Business Page 1 Burt Asset Management, Inc. (hereinafter “BAM”) was founded by owners Christopher and Trudy Burt (husband & wife) in February, 1998 as a privately held corporation registered in the State of Georgia. BAM provides investment advisory services by giving continuous investment advice to individual clients based on their individual needs and investment objectives. The advice is continuous in that accounts are monitored almost daily. Clients’ investment objectives are determined through personal interviews and completion of a questionnaire. If clients’ objectives change, appropriate adjustments would be made as to the investment of clients’ funds. Once investment objectives are established, investments are made for most clients on a discretionary basis. Some clients may prefer to be contacted first before an investment is made and they can choose this option through written notice to BAM on the customer agreement. The corporation may advise on a wide range of investment vehicles but will concentrate mostly on individual securities and, to a lesser extent, no-load mutual funds as they pertain to asset allocation in accordance with the client’s investment objectives. Securities, mutual funds and market conditions are also monitored daily. BAM will issue quarterly reports to each client stating the value of the account at the beginning of the quarter, the change of account value due to changes in investment values, additions or withdrawals made by the customer and the value of the account at the end of the quarter. A summary of investment transactions will also be included in the report. Occasionally, investment advice may be given to individuals who do not wish continuous investment advisory services but prefer a one-time consultation. This service would still include a personal interview and questionnaire to determine customers’ investment objectives. Review, analysis, and recommendations may be presented orally or in writing. Occasionally, BAM may also provide financial planning as a separate or additional service for clients. While this service might not include securities it may include cash flow planning, insurance planning, business planning, tax planning and estate planning Discretionary Assets under management as of 12/31/2025 were $116,959,077. Non-Discrtionary Assets under management as of 12/31/2025 were $0.  Education and Business Background Page 2 Christopher K Burt b. 1962 Education: Boston University 1987, Bachelors of Science in Business Administration (Finance) Business Background: Burt Asset Management, Inc. founding owner & President, 02/1998 – present. Charles Schwab & Co., Inc. Registered Representative, Atlanta, 01/1992-1/1998 Spectrum Advisory Services, Portfolio Manager, Atlanta, GA, 07/1990-12/1991 Unemployed, Frenchtown, NJ, 03/1990 – 06/1990 Intervest Securities, Sales Trader, New York, NY, 05/1988 – 02/1990 Lasker, Stone & Stern, Equities Trader, New York, NY, 06/1987 – 04/1988 Examinations: General Securities Representation / Series 7 / 1987. Uniform Securities State Law / Series 63 / 1988. General Securities Sales Supervisor / Series 8 / 1995. Uniform Investment Advisor Law / Series 65 / 1998. Certifications: Certified Financial Planner / CFP Board of Standards / 1997. Trudy P Burt b. 1964 Education: Rutgers University 1988, Bachelors of Art, Art/ Art History. Employment: Burt Asset Management, Inc. founding owner, VP & Secretary 02/1998 – present. Homemaker 01/1993 – 01/1998. Digital Equipment Corp., Contract Worker, Alpharetta, GA, 03/1992 – 12/1992. The Premium Group, Inc., Administrative Assistant, Atlanta, GA, 09/1990 – 01/1992. Avon, Data Entry, Atlanta, GA, 07/1990 – 08/1990. L’Eggs Hanes Bali, Assistant Mgr., Flemington, NJ, 11/1988 – 02/1990. Calvin Klein, Assistant Mgr., Flemington, NJ, 08/1988 – 10/1988.  Page 3 Item 5 – Fees and Compensation BAM is a fee-based investment advisor and we do not work on commission. For continuous investment advisory services, BAM charges fees based on a percent of dollar value of assets under management. 1% per year of the first $1,000,000 of average market value. .75% per year of the amount above $1,000,000 of average market value. An hourly rate of $80 per hour is charged for individual one-time investment consultation for clients who do not wish or need continuous investment advisory service. $80 per hour is also charged for specific financial planning services. Fees charged on a percentage basis to clients are billed quarterly in arrears and calculated on the average market value. Fees charged on an hourly basis are due immediately upon completion of services. Both rates may be negotiable under special circumstances. The specific manner in which fees are charged by BAM is established in a client’s written agreement with BAM. Some client’s prefer to establish a fixed quarterly rate so they can budget the cost of investment management and advice. This is negotiable and established in the client’s written agreement. The fixed rate is subject to periodic review and can be re-negotiated to adjust for changes in the value of assets under management. Typically, fees are paid to BAM by check, however, clients have the option to authorize the payment of management fees directly from their investment account, by the custodian, to BAM. To facilitate this, a copy of the invoice will be sent to the client at the same time it is sent to the custodian. The custodian will send quarterly statements to the client showing all disbursements, including advisory fees. Clients will provide written authorization permitting BAM to be paid directly from their accounts by the custodian. Investment advisory contracts may be terminated by either party at any time without penalty through written notice to the other party. Any fees due, will be prorated to the day written termination notice is received. BAM’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, third party investment and other third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of and in addition to BAM’s fee, and BAM shall not receive any portion of these commissions, fees, and costs. Item 12 further describes the factors that BAM considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation (e.g., commissions). Item 6 – Performance-Based Fees and Side-By-Side Management BAM does not charge any performance-based fees (fees based on a share of capital gains on or capital appreciation of the assets of a client).  Item 7 – Types of Clients Page 4 BAM provides portfolio management services to individuals, high net worth individuals and trusts. There is no minimum account size. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. Once the client’s financial resources, investment objectives and tolerance for risk are established, BAM uses many types of investments to build and diversify client portfolios including individual securities (stocks and bonds), mutual funds, Exchange Traded Funds (ETF’S), options and certificates of deposit (CD’s). When appropriate for taxable accounts, investing in several diverse, large publicly traded companies is preferred to choosing mutual funds because the client maintains more control of when capital gains occur and can avoid some of the management fees charged by ETF’s and mutual funds. For specific areas of asset allocation, for example international exposure, a mutual fund or ETF specializing in that area may be selected. When the client’s financial resources to be allocated for investments are more limited, investing in specific mutual funds vs. individual securities is usually recommended to help diversify risk. In some cases, BAM will hedge downside risk utilizing a covered call option strategy. The investment style of BAM, as it pertains to equities, is a blend between value and growth. Securities are purchased when the downside risk seems to be limited and the market is perceived to be temporarily mispricing a security. Stocks in companies that have proven track records with positive earnings and that are leaders in their industry are primary criteria for growth investment selection. Using this growth approach and value discipline, individualized portfolios are built to try to meet the client’s investment needs and goals. BAM uses both fundamental analysis and technical analysis for investment selection and monitoring as well as for purchase or sale decisions of securities. There are many risks involved in investing including the entire or partial loss of original value and there are no guarantees of future performance. Additionally, some investments are subject to currency risk, interest rate risk, political and economic risk.  Item 9 – Disciplinary Information Page 5 Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of BAM or the integrity of BAM’s management. BAM has no information applicable to this Item. Item 10 – Other Financial Industry Activities and Affiliations No affiliate of BAM is engaged in other business activities. No affiliate of BAM is engaged in any other financial industry business activities or business affiliations. Item 11 – Code of Ethics BAM has adopted a Code of Ethics for all supervised persons of the firm describing its high standard of business conduct, and fiduciary duty to its clients. The Code of Ethics includes provisions relating to the confidentiality of client information, a prohibition on insider trading, a prohibition of rumor mongering, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All supervised persons at BAM must acknowledge the terms of the Code of Ethics annually, or as amended. BAM anticipates that, in appropriate circumstances, consistent with clients’ investment objectives, it will cause accounts over which BAM has management authority to effect, and will recommend to investment advisory clients or prospective clients, the purchase or sale of securities in which BAM, its affiliates and/or clients, directly or indirectly, have a position of interest. BAM’s employees and persons associated with BAM are required to follow BAM’s Code of Ethics. Subject to satisfying this policy and applicable laws, officers, directors and employees of BAM and its affiliates may trade for their own accounts in securities which are recommended to and/or purchased for BAM’s clients. The Code of Ethics is designed to assure that the personal securities transactions, activities and interests of the employees of BAM will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Under the Code certain classes of securities have been designated as exempt transactions, based upon a determination that these would materially not interfere with the best interests of BAM’s clients. In addition, the Code requires pre-clearance of many transactions, and restricts trading in close proximity to client trading activity. Nonetheless, because the Code of Ethics in some circumstances would permit employees to invest in the same securities as clients, there is a possibility that employees might benefit from market activity by a client in a security held by an employee. Employee trading is continually monitored under the Code of Ethics, and to reasonably prevent conflicts of interest between BAM and its clients. Certain affiliated accounts may trade in the same securities with client accounts on an aggregated basis when consistent with BAM's obligation of best execution. In such circumstances, the affiliated and client accounts will share commission costs equally and receive securities at a total average price. BAM will retain records of the trade order (specifying each participating account) and its allocation, which will be completed prior to the entry of the aggregated order.  Page 6 Completed orders will be allocated as specified in the initial trade order. Partially filled orders will be allocated on a pro rata basis. Any exceptions will be explained on the Order. BAM’s clients or prospective clients may request a copy of the firm's Code of Ethics by contacting Christopher Burt. It is BAM’s policy that the firm will not affect any principal or agency cross securities transactions for client accounts. BAM will also not cross trades between client accounts. Principal transactions are generally defined as transactions where an adviser, acting as principal for its own account or the account of an affiliated broker-dealer, buys from or sells any security to any advisory client. A principal transaction may also be deemed to have occurred if a security is crossed between an affiliated hedge fund and another client account. An agency cross transaction is defined as a transaction where a person acts as an investment adviser in relation to a transaction in which the investment adviser, or any person controlled by or under common control with the investment adviser, acts as broker for both the advisory client and for another person on the other side of the transaction. Agency cross transactions may arise where an adviser is dually registered as a broker-dealer or has an affiliated broker-dealer. Item 12 – Brokerage Practices Soft dollar benefits are not limited to those clients who may have generated a particular benefit although certain soft dollar allocations are connected to particular clients or groups of clients. Clients may select a custodian or broker-dealer of their choice. However, BAM recommends Charles Schwab & Co (Schwab) as custodian for client accounts mainly because of their low fees, high quality of service and perceived leadership in the online brokerage industry. An additional consideration is that Christopher K Burt (owner and president of BAM), is familiar with the internal operations of Charles Schwab having worked there as a registered representative in the Atlanta, GA area from 1992 until 1998. While BAM, Christopher K Burt and several family members are also clients of Charles Schwab, there is no direct economic benefit from referring clients to Charles Schwab. However, in our opinion, there is a professional respect and higher level of service that BAM and Christopher K Burt receive from doing business with Schwab that BAM believes benefits clients as well. For example, BAM has access to a priority 800 phone number at Charles Schwab 24 hours a day. BAM also has access to the local branch in Alpharetta, GA to help expedite client service matters such as opening accounts, upgrading to premium account statements and personal follow-up from Charles Schwab representatives. If a BAM client needs to contact Charles Schwab about their account, they also have access to these services. Charles Schwab & Co is a broker-dealer independent of, and unaffiliated with, BAM. Schwab does not supervise BAM and has no responsibility for BAM’s management of clients’ portfolios or BAM’s other advice or services. BAM makes use of research produced by a number of third parties, including but not limited to: Charles Schwab & Co, Morningstar, Investment News, Investment Advisor and Financial Planning. BAM also utilizes several free online websites such as Yahoo! Finance, Big Charts, The Motley Fool and The Wall St. Journal.  Item 13 – Review of Accounts Page 7 Stocks, bonds and mutual funds are reviewed individually as part of a daily process. Client’s individual accounts are also monitored daily or as needed. Asset allocation for each client is reviewed in an on- going process with changes being made as needed to maintain portfolio structure within the client’s stated investment objective. All accounts are reviewed by Christopher K Burt, president of BAM. Over time, market conditions and changes in client’s life circumstances such as job status, health, age, marital status, death or birth in the client’s family usually affect investment objectives which cause review and change in asset allocation. Christopher K Burt is the only individual authorized by BAM to perform reviews, manage all client accounts and make securities transactions. Regular reports will be provided to clients on a quarterly basis. Each report includes beginning market value, change of market value, deposits to and withdrawals from each account and the ending market value of each account. Upon the request of any client, details as to investment in each separate security in each separate account will be provided. Annual client meetings are conducted (in person or by phone) as part of the communication process and telephone or email contact is routine and ongoing. Account custodians are responsible for providing monthly or quarterly account statements as well as trade confirmations to clients. This information shows the positions, current pricing of securities and any transactions that occurred during the reporting period including fees paid from an account. Account custodians also provide year-end tax statements (i.e. 1099 Forms). Item 14 – Client Referrals and Other Compensation BAM neither receives nor pays any compensation to or from any party for client referrals. Item 15 – Custody Clients should receive at least quarterly statements from the broker dealer, bank or other qualified custodian that holds and maintains client’s investment assets. BAM urges you to carefully review such statements and compare such official custodial records to the account statements that we may provide to you. Our statements may vary from custodial statements based on accounting procedures, reporting dates, or valuation methodologies of certain securities. Item 16 – Investment Discretion BAM usually receives discretionary authority from the client at the outset of an advisory relationship to select the identity and amount of securities to be bought or sold. In all cases, however, such discretion is to be exercised in a manner consistent with the stated investment objectives for the particular client account. When selecting securities and determining amounts, BAM observes the investment policies, limitations and restrictions of the clients for which it advises. For registered investment companies, BAM’s authority to trade securities may also be limited by certain federal securities and tax laws that require diversification of investments and favor the holding of investments once made. Investment guidelines and restrictions must be provided to BAM in writing.  Item 17 – Voting Client Securities Page 8 As a matter of firm policy and practice, BAM does not have any authority to and does not vote proxies on behalf of advisory clients. Clients retain the responsibility for receiving and voting proxies for any and all securities maintained in client portfolios. BAM may provide advice to clients regarding the clients’ voting of proxies. Item 18 – Financial Information Registered investment advisers are required in this Item to provide you with certain financial information or disclosures about BAM’s financial condition. BAM has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients, and has not been the subject of a bankruptcy proceeding. Item 19 – Requirements for State-Registered Advisers