Compound Planning, Inc.

Item 1: Cover Page Compound Planning, Inc. Form ADV Part 2A - Disclosure Brochure CRD # 171787 / SEC # 801-126007 115 Broadway, 5th Floor New York, NY 10006 Telephone: (888) 533-9364 www.compoundplanning.com March 26, 2026 This brochure provides information about the qualifications and business practices of Compound Planning, Inc., an investment adviser registered with the United States Securities and Exchange Commission. If you have any questions about the contents of this brochure, please contact us at (888) 533-9364 or compliance@compoundplanning.com. 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. Additional information about Compound Planning, Inc. or any of its affiliated persons who are registered or required to be registered as Investment Advisor Representatives of the firm is available on the SEC's website at www.adviserinfo.sec.gov. (Click on the link, select "Investment Adviser- Firm," and type in "Compound Planning" or CRD # 171787. Results will provide you with all firm disclosure brochures.)  Item 2: Material Changes Compound Planning, Inc. ("Compound," "the Adviser" or "firm") reviews its Form ADV Part 2A brochure at least annually to confirm it remains current. In this item, we are required to summarize only those material changes made to our brochure since our last Annual Updating Amendment. If you are receiving this document for the first time, this section may not be relevant to you. Since our last update on September 29, 2025, Compound has undergone a comprehensive review of its disclosure brochure. The following summary outlines the material changes made to this version: ● "Plain English" Narrative Overhaul: The Firm has significantly redesigned the brochure to improve transparency. ● Updated Legal Disciplinary Disclosures (Item 9):The Firm has removed previous disclosures regarding certain legal matters. These items were vacated or dismissed and were not related to investment activities, and not material. Therefore, they do not meet the criteria for mandatory disclosure. Compound currently has no material legal or disciplinary events to report. ● Enhancement to ADV Disclosures: Other sections of this brochure were further amended to include additional disclosures, supplementary clarifying information on Compound's advisory practices, and aesthetic and formatting changes. Full Brochure Availability We will update this document to reflect changes in our practices or regulations no less than every year (within 120 days of December 31st), and any additional time we make material changes. We will send you an electronic copy of the updated brochure or a summary of changes. Please keep this copy for your records. You can view our current disclosure documents at the SEC's Investment Adviser Public Disclosure ("IAPD") website at http://www.adviserinfo.sec.gov by searching either by our firm name, Compound Planning, Inc. or CRD # 171787. The SEC's website also provides information about any affiliated person registered or required to be registered as an Investment Adviser Representative of the firm. You may also request a copy free of charge by contacting us directly at (888) 533-9364 or by email at compliance@compoundplanning.com. 2  Item 3: Table of Contents Item 1: Cover Page Item 2: Material Changes Item 3: Table of Contents Item 4: Advisory Business Principal Owners Advisory Services and Fiduciary Duty Types of Advisory Services Sub-Advisory Services and Lending Conflicts Retirement Plan Fiduciary Disclosure Client Suitability and Responsibilities Fees and Agreement Terms Item 5: Fees & Compensation Adviser Fee Structure & Compensation Overview Specific Advisory Services Fee Schedules Summary of Fees: Fee Negotiation Availability Advisory Fee Calculation, Billing & Refunds Payment Options & Procedures Ongoing Financial Planning Updates Consulting, Third-Party, and Institutional Services Account Changes and Termination Final Fee Reconciliation and Termination Specifics Other Fees and Expenses Item 6: Performance-Based Fees & Side-By-Side Management Item 7: Types of Clients Item 8: Methods of Analysis, Investment Strategies & Risk of Loss Core Investment Strategies Strategic Investment Solutions and Specialized Programs Direct Indexing and Technology Partnerships Specialized Lending and Managed Options Investment Duration and Trading Frequency Environmental, Social, and Governance (ESG) Tax Considerations and Risk of Loss Understanding Investment Risks Risks by Asset Type Specialized Strategy and Suitability Risks Individual Suitability Item 9: Disciplinary Information Item 10: Other Financial Industry Activities & Affiliations Dual Roles and Potential Conflicts Registration as a Futures Commission Merchant, Commodity Pool Operator, or Commodity Trading Advisor Strategic Partnerships and Conflicts of Interest Key Affiliations Item 11: Code of Ethics, Participation or Interest in Client Transactions & Personal Trading Code of Ethics Item 12: Brokerage Practices Preferred Custodians & Brokerage Practices Soft Dollar Benefits & Conflicts of Interest Trade Aggregation & Allocation Directed Brokerage Item 13: Review of Accounts Item 14: Client Referrals & Other Compensation Item 15: Custody Item 16: Investment Discretion Item 17: Voting Client Securities Proxy Voting Item 18: Financial Information Business Continuity & Data Security 1 2 3 4 4 4 4 4 5 5 5 5 5 5 6 6 6 7 7 7 8 8 8 9 9 9 9 10 10 10 10 10 10 11 11 11 12 12 12 12 12 12 12 14 14 14 14 14 14 15 15 15 15 16 16 16 3  Item 4: Advisory Business Compound Planning, Inc. (“Compound” or “the Adviser”) is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). Originally founded in 2012, Compound Planning, Inc. was formed following the acquisition of Compound Financial, Inc. by Alternativ, Inc. on September 22, 2023. The firm is incorporated under the laws of Delaware and headquartered at 115 Broadway, 5th Floor, New York, NY. Principal Owners Alternativ, Inc. is the holding company and Managing Member of Compound Planning, Inc., with greater than 75% ownership. Effective August 2025, Alexander M. Farman-Farmaian assumed the role of sole Chief Executive Officer of Compound Planning, Inc., succeeding Christian G. Haigh, who now serves as President and Executive Chairman of the Board of Alternativ, Inc., Compound’s parent company. Christian G. Haigh and Alexander M. Farman-Farmaian are Co-Founders of Compound Planning, Inc. and continue to serve as Directors of Alternativ, Inc., with Mr. Haigh also holding an indirect ownership interest in Alternativ. Jessica Faaborg serves as Chief Compliance Officer of Compound Planning, Inc., overseeing the administration of the firm’s Compliance Program, regulatory obligations, and Code of Ethics. Advisory Services and Fiduciary Duty As a fiduciary, Compound is legally bound by a duty of care to act in the best interests of its Clients at all times. This includes a duty of loyalty, which obligates the firm to either eliminate conflicts of interest or provide full and fair disclosure of such conflicts. The firm’s licensed investment professionals, referred to as Associates, provide advice tailored to the specific needs of Clients based on their individual registrations and qualifications. Detailed information regarding specific advisors is available in their respective Form ADV 2B Brochure Supplements. Types of Advisory Services Compound offers a versatile suite of services designed for individuals, institutions, and financial intermediaries. Through its Turnkey Asset Management Program (TAMP), the firm provides infrastructure for outside advisors to access in-house and third-party investment models, including specialized alternative investments like private REITs and private credit. For these partners, Compound manages the operational heavy lifting of due diligence, trading, and reporting. Simultaneously, the firm provides Direct Investment Management for individual and institutional Clients. These portfolios are typically managed with discretionary authority, allowing Compound to execute trades and utilize strategies like direct indexing to align with a Client’s specific risk profile and tax needs. These diverse service lines and strategic partnerships create potential conflicts of interest, as the Firm may be incentivized to recommend specific "preferred" platforms or investment models that align with its internal infrastructure or strategic compensation. Compound mitigates these conflicts by maintaining an independent due diligence process and ensuring all recommendations are driven by the Client’s best interest. Full transparency regarding these relationships and any shared ownership ties is provided to Clients before services begin, consistent with the Firm’s fiduciary obligations. Financial Planning For Clients seeking advice without active management, Compound provides Financial Planning and Consulting. These services cover everything from retirement and estate analysis to "Family Office" support, such as succession planning and business growth. While Compound may refer Clients to third-party partners for tax or legal document preparation, Clients are under no obligation to implement any recommendations through the firm. Additionally, Compound provides Institutional Advisory Services, offering tailored support for corporate pensions, 401(k) plans, and executive compensation strategies. Sub-Advisory Services and Lending Conflicts The firm extends its expertise to other financial institutions through Specialized Sub-Advisory Programs, partnering with outside firms to deliver niche financial strategies. In these cases, Compound remains a fiduciary while the partner handles specific execution. Notably, when the firm recommends or allocates to securities-backed lending arrangements through certain providers, it may earn additional compensation or review. This creates a potential conflict of interest, as the firm may be incentivized to recommend these specific providers over others. Compound mitigates this conflict through transparent disclosure and by ensuring that any lending recommendation aligns with the Client’s overall financial health and liquidity needs. 4  Retirement Plan Fiduciary Disclosure When providing investment advice regarding retirement plan accounts or IRAs, Compound acts as a fiduciary under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. This status requires the firm to adhere to "Impartial Conduct Standards," ensuring that all advice is prudent, loyal, transparent, and provided at a reasonable fee. the availability of plan loans, and the stronger A significant conflict of interest exists when Compound recommends that a Client roll over assets from an employer-sponsored plan into an IRA managed by the firm, as this typically increases the firm's compensation. To mitigate this, the firm conducts a comprehensive evaluation of the Client's options, encouraging them to consider factors such as institutional fee differences, investment variety, federal creditor protections often afforded to employer-sponsored plans. Client Suitability and Responsibilities The Adviser provides personalized wealth management by first conducting a comprehensive financial assessment to evaluate a Client's goals, risk tolerance, and liquidity needs. The success of this advice depends on the accuracy and completeness of the information provided by the Client. Clients are responsible for promptly notifying Compound in writing of any material changes to their financial status, goals, or legal standing. While the firm manages many accounts on a discretionary basis, Clients maintain the right to impose reasonable restrictions on their accounts, such as excluding specific stocks or industries. Such restrictions must be accepted by the firm in writing. Clients are advised that imposing limitations may cause their portfolio to perform differently than unrestricted accounts. Furthermore, Compound provides non-exclusive advice, meaning recommendations for the same investment may differ or conflict between various Client accounts. Fees and Agreement Terms All services are governed by a signed Advisory, Financial Planning, or Consulting Agreement, which defines the scope of work and the fee structure. These contracts cannot be assigned to another party without Client consent. Compound does not offer a wrap fee program. As of December 31, 2025, Compound manages $4,848,634,144 in Client assets on a discretionary basis. Item 5: Fees & Compensation Adviser Fee Structure & Compensation Overview Compound typically compensates for advisory services through a combination of asset-based and fixed fees, depending on the Client's specific needs. For ongoing investment management, clients are charged a recurring percentage based on their total Assets Under Management (AUM), while financial planning and consulting services are generally provided for a flat one-time or recurring fixed fee. In some instances, specialized consulting may be billed at an hourly rate as outlined in the Client’s specific agreement. To ensure fee transparency and fairness, the total advisory fees charged by Compound will not exceed a maximum cap of 2.00% of AUM for any Client. Specific Advisory Services Fee Schedules To ensure full transparency, the exact fee schedule applicable to your specific advisory services is formalized in your signed Client Agreement. Compound encourages all clients to review this document carefully, as it serves as the final authority on the compensation paid for our services. Please see our “Summary of Fees” below. 5  Summary of Fees: Service Component Annual Fee Rate / Minimum TAMP Platform 0.25% (25 bps) or $60/year (whichever is higher) In-House Models 0.15% (15 bps) Third-Party Models 0% to 2.00% (0–200 bps) Intermediary as Manager 0.05% (5 bps) Alternative Strategies 0.35% (35 bps) Investment Management Fees Standard Fee Structure (max 2% AUM) Financial Planning & Consulting Fees These are typically project-based or hourly rather than a percentage of your assets. Project Fee: $500 – $10,000 per engagement. Hourly Rate: $100 – $500 per hour. Payment Terms: * 50% upfront retainer is required. Balance due within 30 days of plan delivery. Timeline: Plans must be completed within 6 months; otherwise, unearned fees are refunded. For those seeking financial planning, consulting, or institutional advisory services, there are no minimum asset requirements to engage the Firm for advice. It is important to note that while Compound is flexible, external Third-Party Managers or specific investment products (such as alternative funds or institutional mutual funds) may enforce their own "buy-in" minimums as dictated by their specific prospectuses or agreements. These external requirements are independent of Compound’s policies and will be disclosed to you before any investment is made. Fee Negotiation Availability Advisory fees are negotiable up to the stated maximums, and Compound may reduce or waive fees at its discretion. Because the Firm considers factors like account complexity, total assets, and pre-existing relationships, clients in similar situations may pay different rates. Advisory Fee Calculation, Billing & Refunds 6  Your advisory fees are calculated based on the total value of assets under our management, including all domestic and international securities, cash balances, and any accrued dividends or interest. Because we treat cash as an active asset class, it is included in our fee calculations even if our advisory fee exceeds the interest your cash currently earns. To ensure you are only billed for our active oversight, we subtract any outstanding margin balances from your total account value before calculating the fee. For new accounts, your initial bill is prorated based on the exact number of days your account was funded during the billing period. We generally rely on the valuations provided by your custodian; however, for alternative or illiquid investments where a daily market price is unavailable, we use the "good faith" value provided by the investment sponsor. Because these sponsors may only update valuations monthly or annually, you may occasionally pay fees based on a "stale" price that is higher or lower than the actual current market value. To help you reach lower fee tiers, we may aggregate multiple accounts within your household for billing purposes. While specific billing cycles—whether monthly or quarterly, in advance or in arrears—are defined in your individual Advisory Agreement, we will always provide you with 30 days' written notice before modifying any fee schedules. Please be aware that when fees are deducted directly from your account, it reduces the amount of capital available for reinvestment, which can impact your total portfolio growth over the long term. Any separate fees for financial planning or consulting are billed independently of your investment management assets. Payment Options & Procedures Clients may choose to pay advisory fees through direct debit from their custodial accounts or via direct billing by check or credit card. Most Clients authorize their custodian to automatically deduct fees and remit them to Compound; these payments are drawn first from available cash, though Compound may liquidate securities to cover costs if cash is unavailable. Under SEC rules, this authorization grants Compound "limited custody" over Client funds, requiring the firm to follow specific regulatory safeguards. Because custodians do not verify fee calculations, Clients are responsible for promptly comparing Compound’s internal reports with their official custodial statements and notifying the firm immediately of any discrepancies or if they stop receiving statements altogether. For Clients working with an unaffiliated Financial Intermediary, such as a third-party advisor using the Compound platform, those intermediary fees—typically ranging from 0.80% to 2.00%—are separate from and in addition to Compound’s sub-advisory fee. In these arrangements, the total cost to Clients is the sum of both firms' fees, as detailed in their specific service agreements. Regardless of the payment method or intermediary involved, if Clients terminate their accounts before the end of a billing cycle, any prepaid, unearned fees are prorated and refunded. Clients must ensure all manual payments are made directly to "Compound Planning" rather than an individual representative, as fees unpaid after 30 days may accrue interest and collection costs. Ongoing Financial Planning Updates When engaging with Compound for financial planning services, which will naturally conclude upon the delivery of your final plan, you may request updates or revisions at any time; these are treated as new engagements requiring a fresh service agreement and a fee quote based on our current hourly rates. Either party may terminate a planning engagement at any time via written notice, and any fees for subsequent updates are due at the start of the new service term. Consulting, Third-Party, and Institutional Services For specialized consulting or institutional services—such as retirement plan support or project-based assignments—fees are determined by the complexity and scope of the work. Before any engagement begins, we provide a cost estimate and a formal agreement detailing the project timeline and specific tasks. These services naturally conclude when the project is finished, though either party may terminate early via written notice. If you have prepaid for consulting work that remains unfinished at the time of termination, Compound will provide a prorated refund for any unearned fees. When our recommendations involve referring you to an external Third-Party Manager (TPM), you will enter into a separate agreement with that manager, governed by their own specific fee structure and terms. It is important to note that TPM fees are 7  "stacked," meaning they are in addition to Compound’s advisory fees. While these external managers may charge their own transaction costs or account minimums, Compound does not receive any portion of those third-party commissions or "indirect compensation." The TPM is solely responsible for managing their own billing and providing refunds for any of their prepaid, unearned fees if your relationship with them ends. Across all service lines, including institutional programs like securities-backed lending, your specific Advisory Agreement serves as the final authority on fee levels. These arrangements may present potential conflicts of interest if a recommendation leads to additional paid services; however, you are under no obligation to follow our advice or use Compound for follow-up transactions. Per our Code of Ethics, we prioritize your interests and provide full transparency regarding all material conflicts before work begins. Account Changes and Termination You may add or withdraw cash and securities from your account at any time, subject to standard settlement periods. While we welcome additional contributions, Compound reserves the right to decline or liquidate specific securities that do not align with your investment strategy; please note that such liquidations may trigger taxes, transaction fees, or fund-level charges. If you choose to transfer your account to another firm, your custodian—not Compound—may charge an outgoing transfer fee. Our advisory relationship is flexible. You have the right to cancel your agreement without penalty or prorated fees within five business days of signing. After this initial period, either party may terminate the relationship at any time by providing written notice via email or mail, effective upon receipt. Upon termination, you remain responsible for any transactions initiated prior to the notice and for any prorated management fees earned up to the termination date. Once our agreement ends, Compound has no further obligation to manage your positions or monitor your accounts. It is important to note that certain "alternative" or illiquid investments may not be immediately redeemable or transferable to another firm due to specific fund redemption schedules. Furthermore, electing to liquidate your holdings to cash out may result in market losses, liquidation fees, or deferred sales charges from specific mutual fund companies Final Fee Reconciliation and Termination Specifics When our advisory relationship concludes, we perform a final fee reconciliation to ensure you are only charged for the exact number of days your account was under our management. If your account is billed in arrears (after services are rendered), you will owe a final "net debit" calculated from the start of the billing period to your termination date. Conversely, if your account is billed in advance, we will issue a "net credit" refund for any prepaid fees covering the remaining days in the cycle. Please be aware that third-party managers or specific alternative investment sponsors may have their own separate prorated fees or redemption requirements that apply at the time of termination. Our advisory agreement remains in effect during a client’s death, disability, or incompetency until we receive formal written instruction to terminate. In the event of a death, the contract continues until Compound is provided with legal proof of death and a termination request from a court-appointed representative or executor. For cases of disability or incompetency, an authorized representative, such as an agent under a Power of Attorney, must provide written notice to end the engagement. Once a termination notice is received and processed, Compound’s fiduciary duty and authority to manage the account cease. Any trades or administrative actions initiated before the receipt of a termination notice remain valid and binding. From the effective date of termination, we are no longer entitled to advisory fees, but we also retain no further obligation to monitor your cash, securities, or other holdings. Other Fees and Expenses While your advisory fee covers our management and guidance, it does not include the internal costs of the investments you hold or the operational fees charged by your custodian. Most mutual funds and ETFs charge their own internal management and administrative fees (known as expense ratios). To keep your costs as low as possible, we aim to select "Institutional" or "Advisor" share classes, which typically have lower expenses than the retail versions available to the general public. Your custodian—the independent bank that holds your assets—also charges for its services. These costs may include transaction fees for buying or selling certain securities, commissions, or mark-ups on bonds. You may also see "line-item" 8  charges for specific account activities, such as wire transfers, paper statements, or interest on margin loans if you choose to borrow against your securities. Compound does not receive any portion of these third-party fees, commissions, or other forms of indirect compensation. We encourage you to review your fund prospectuses and custodial statements to understand the "all-in" cost of your portfolio. Because our total fees may be higher than those of other firms, you always have the right to purchase any recommended investment through a different broker or agent of your choosing. Item 6: Performance-Based Fees & Side-By-Side Management Compound does not accept performance-based fee arrangements or participate in side-by-side management. Item 7: Types of Clients Compound provides investment and planning services to individuals, high-net-worth families, businesses, and retirement plans. For our managed portfolio and TAMP services, we generally require a minimum account size of $25,000 to begin an engagement. However, this minimum is flexible and may be waived or negotiated at our discretion based on your future earning potential, expected asset additions, or existing relationships with our firm. We also allow for the aggregation of multiple family member accounts to meet this threshold and typically waive minimums for our employees and affiliates. Item 8: Methods of Analysis, Investment Strategies & Risk of Loss Compound develops customized investment strategies by translating a Client’s financial goals, risk tolerance, and liquidity needs into a strategic asset allocation plan. To inform these recommendations, the firm and its Associates analyze a wide array of data, including financial news, third-party research reports, corporate rating services, and official SEC filings such as prospectuses and annual reports. The firm utilizes several distinct analytical disciplines to evaluate market opportunities. Fundamental Analysis is used to assess a company’s intrinsic value by examining its financial statements, management expertise, and industry position. To manage portfolio-wide risk, the firm applies Modern Portfolio Theory (MPT), which seeks to maximize expected returns for a specific level of risk through broad diversification. Additionally, Technical, Charting, and Cyclical Analysis are employed to study historical price patterns and economic trends to forecast future market movements. Each of these methods carries inherent risks. Fundamental data may be inaccurate, and market prices may not always reflect a security's "true" value in a timely manner. While MPT aims to reduce risk through diversification, it cannot eliminate systemic market risks that affect all securities. Furthermore, technical and cyclical patterns are not always predictable, as daily market fluctuations often follow random paths that historical data cannot guarantee. Beyond these quantitative measures, the firm also considers macroeconomic factors and qualitative traits, such as the strength of a fund's management team, to ensure the strategy remains aligned with the Client's evolving objectives. Core Investment Strategies Compound implements core investment strategies primarily through risk-based model asset allocations tailored to a Client's specific profile. These models range from conservative to aggressive growth and are constructed using a diversified mix of low-cost exchange-traded funds (ETFs), mutual funds, and, where appropriate, individual securities or alternative investments. By aligning a Client’s portfolio with a pre-defined risk model, the Firm ensures that the asset weights—distributed across domestic and international equities, fixed income, and cash equivalents—remain consistent with the Client’s long-term volatility tolerance and return objectives. 9  These models are periodically rebalanced to maintain their target allocations, ensuring that market fluctuations do not inadvertently shift a Client's risk exposure beyond their comfort level. While these models provide a disciplined framework for growth and capital preservation, they are not static; the Firm and its Associates continuously monitor macroeconomic conditions and qualitative data to refine model components. Clients are advised that while risk-based models seek to optimize the relationship between market volatility and potential returns, all investment strategies carry an inherent risk of loss, and past performance of any specific model allocation is not a guarantee of future results. Strategic Investment Solutions and Specialized Programs Compound utilizes a variety of advanced strategies to enhance portfolio outcomes, ranging from tax-efficient indexing to specialized lending. While these programs offer unique benefits, they often involve specific partnerships and risks that the Firm manages through its fiduciary oversight. Direct Indexing and Technology Partnerships The Firm implements direct indexing to replicate market exposures while allowing for granular customization and tax-loss harvesting. Under a strategic arrangement with FT FinTech Holdings, LLC (FTFH), Compound utilizes their platform as a preferred solution for custom indexing. While this relationship presents a potential conflict of interest, Compound mitigates this by conducting regular due diligence and maintaining independence in investment selection. Clients should note that while direct indexing allows for ESG filtering and tax optimization, it carries risks such as tracking error, operational complexity, and the potential for over-customization to dilute diversification. Specialized Lending and Managed Options Compound utilizes specialized third-party sub-advisors to provide Clients with sophisticated liquidity and risk management solutions. This includes Professional Options Strategies—such as buying, selling, and shorting options to hedge risk or generate income—and Synthetic Lending via "box spread" structures designed for low-cost, tax-efficient liquidity. While these strategies offer advanced financial utility, they involve significant complexities. Clients should be aware that these positions are subject to high market volatility, potential margin maintenance calls, and intricate tax regulations, such as "straddle" rules under the Internal Revenue Code. Compound conducts ongoing suitability reviews to ensure these third-party programs align with the Client’s overall financial objectives. Investment Duration and Trading Frequency Compound generally employs a Long-Term Purchase strategy, holding securities for a year or more with the expectation of growth. This assumes a long-term upward market trend, though it carries the risk of "opportunity cost" if assets are locked in underperforming segments. Occasionally, the Firm may use Short-Term Purchases or Frequent Trading (selling within 30 days) to capture gains or limit losses. These shorter-term tactics are more difficult to predict and may result in significantly higher transaction costs and tax liabilities for the Client. Environmental, Social, and Governance (ESG) For Clients seeking to align their portfolios with Environmental, Social, and Governance (ESG) principles, Compound incorporates specialized, third-party ESG-focused ETFs and mutual funds into certain risk-based models. These investment vehicles are selected to provide exposure to companies with strong sustainability and stewardship protocols. Clients should note that while these models aim for long-term value, their performance may differ from broader market benchmarks due to the exclusion of certain sectors or industries. Tax Considerations and Risk of Loss Unless otherwise specified in a written agreement, tax efficiency is a secondary consideration to the primary investment objective. Clients are responsible for consulting tax professionals regarding the implications of their portfolios. For reporting purposes, custodians typically use the First-In-First-Out (FIFO) cost-basis method; Clients must notify their custodian directly if they prefer an alternative method before trades settle. 10  Understanding Investment Risks Investing in securities involves the risk of loss, and Clients must be prepared for the possibility that the value of their assets may fluctuate below their initial investment. Past performance is never a guarantee of future results, and Compound does not guarantee that any specific financial goal will be achieved. Market volatility, shifting interest rates, and inflation are inherent factors that can impact portfolio values regardless of the Firm’s professional oversight. General Market and Operational Risks: ● Market and Economic Risk: Portfolios are subject to broad market declines triggered by external events such as ● economic shifts, geopolitical instability, or global health crises. These factors can affect the value of an entire asset class, independent of a specific company's health. Inflation and Interest Rate Risk: Inflation may reduce the long-term purchasing power of a Client's capital. Additionally, rising interest rates typically cause the market value of existing fixed-income securities, such as bonds, to decrease. ● Advisory and Execution Risk: Investment performance depends on numerous factors outside of Compound’s control. Neither the Firm’s investment decisions nor the Client’s directed actions are guaranteed to be profitable. ● Liquidity Risk: Certain investments, particularly private placements and "alternative" assets, may be difficult to sell at a fair price on short notice. This illiquidity can prevent Clients from accessing their capital during periods of market stress. Risks by Asset Type Investment Type Primary Risks to Consider Stocks (Equities) Volatility, business failure, and sector-specific downturns. Bonds (Fixed Income) Credit risk (issuer defaults) and Call risk (issuer pays back early, forcing you to reinvest at lower rates). Mutual Funds & ETFs Internal management fees, tracking errors, and a lack of control over individual holdings. Annuities High surrender charges, complex fee structures, and the risk of the insurance company's inability to pay. Options Highly speculative. Buyers risk losing their entire investment quickly; sellers face potentially unlimited losses. Private Investments Extreme illiquidity (assets "locked up" for years) and lack of public financial reporting. Specialized Strategy and Suitability Risks Beyond general market volatility, certain advanced strategies and individual circumstances introduce unique risks that Clients must evaluate. ● Margin and Leverage: Borrowing against a portfolio magnifies both gains and losses. A decline in value may trigger a "margin call," forcing the sale of assets at a disadvantageous time to provide additional collateral. ● Direct Indexing and Tracking Error: Customizing an index for tax benefits may result in "tracking error," where a portfolio’s performance deviates—potentially negatively—from the benchmark it is intended to mimic. ● Tax-Advantaged Strategies: Strategies designed for tax benefits, such as 1031 exchanges, are speculative. Changes in tax law or IRS audits can significantly alter or erase expected gains. ● Short-Selling: Betting against a security carries theoretically unlimited risk, as there is no ceiling on how high a stock price can rise before a position is closed. 11  Individual Suitability Note: Clients should consult with legal and tax professionals before implementing specialized strategies. For questions regarding specific portfolio risks, Clients should contact their Investment Adviser Representative (IAR). ● Concentration Risk: A lack of diversification across sectors or geographies can lead to more rapid and severe fluctuations in value compared to a globally diversified portfolio. ● Longevity and Horizon Risk: Unforeseen life events may force the sale of long-term assets during market downturns. Additionally, longevity risk—the danger of outliving one's financial resources—must be factored into every strategic plan. Item 9: Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be important to a Client’s evaluation of the Firm or the integrity of its management. Compound does not have any disciplinary, legal proceedings, or outstanding private civil actions to disclose. The Firm encourages Clients to view its complete disclosure history directly on the SEC’s Investment Adviser Public Disclosure (IAPD) website at www.adviserinfo.sec.gov. You can find this information by searching for the Firm name, Compound Planning, or CRD # 171787. The SEC’s website also provides information about any affiliated persons registered with the Firm, including their professional backgrounds and any relevant disclosure items. Item 10: Other Financial Industry Activities & Affiliations Dual Roles and Potential Conflicts While Compound is not a broker-dealer, some Associates are Registered Representatives of unaffiliated firms and may earn commissions on separate brokerage products. This creates a conflict of interest that we mitigate through fiduciary oversight, the Firm’s Code of Ethics, and the requirement that Associates explicitly disclose when they are acting in a non-advisory capacity. Registration as a Futures Commission Merchant, Commodity Pool Operator, or Commodity Trading Advisor Neither Compound nor any Management Persons are registered or intend to register as a futures commission merchant, commodity pool operator, commodity trading adviser, or an Associated Person of the preceding entities. Strategic Partnerships and Conflicts of Interest Compound maintains several strategic relationships with other investment firms. These affiliations create potential conflicts of interest, as Compound or its leadership may have financial incentives to recommend certain providers. Compound mitigates potential conflicts of interest through independent due diligence and full disclosure of all strategic compensation or ownership ties before services begin. While the Firm maintains preferred provider relationships, advisors remain free to utilize alternative platforms that better serve a Client's specific needs. These safeguards, along with rigorous leadership monitoring, are codified in the Firm’s Code of Ethics, which is available to Clients upon request at no charge. Key Affiliations Entity Relationship Nature Potential Conflict Strategic Investor with a Beneficial Interest FT FinTech (FTFH) *See additional information below Compound designates FTFH’s platform as its preferred direct indexing solution. FTFH holds a convertible, synthetic equity interest in Compound's parent company. 12  Legalist, Inc. Shared Ownership (Christian G. Haigh). Mr. Haigh’s time and attention are divided between managing Compound and Legalist’s private funds. Compound has an incentive to recommend Legalist funds because one of its principal owners benefits from the fees paid to those funds. SyntheticFi, LLC Sub-Adviser for lending. Compound has a strategic compensation agreement that may influence the recommendation of their synthetic loan program. Franklin Managed Sub-Adviser for options. Owned by FTFH (a Compound investor). Compound may be incentivized to recommend them over other options providers. Insurance & Tax Services Ancillary Services & Third-Party Partnerships Tax Preparation & Estate Planning Services Insurance (Affiliates & Modern Life): Many Associates are licensed agents who earn commissions, bonuses, or "trail" payments on products like life, disability, or long-term care insurance. Agents may be incentivized to recommend products based on commission levels. Compound coordinates tax filing with unaffiliated firms (April, Track, WhyBlu) and earns a fee for this coordination. Compound is incentivized to recommend these firms over others. Investment Platforms Specialized Platforms 401Go: Provides retirement solutions for small businesses and individuals for a flat fee (in addition to advisory fees). Fidelity Digital (FDAS): Allows clients to establish digital asset (cryptocurrency) accounts for portfolio diversification. Pontera: A platform that allows Compound to manage your "held-away" assets (like an employer-sponsored 401(k)) without taking direct custody of your login credentials. These strategic arrangements may influence the Firm’s recommendation of these specific providers over others that do not offer similar integration or strategic compensation. Professional Network The Firm provides Clients with access to a vetted network of accountants and lawyers. Compound does not receive any referral fees for these introductions; these connections are made solely to support Client financial and legal needs and do not present a conflict. FT FinTech Holdings, LLC In the third quarter of 2025, Compound Planning, Inc. received a minority investment from FT FinTech Holdings, LLC (“FTFH”, “Investor”), a Delaware limited liability company and Qualified Purchaser. The investment is structured as a convertible, synthetic equity interest, which includes a preferred strategic relationship between Compound and an affiliate of the Investor. Subject to Compound’s fiduciary duty, Compound has designated Canvas as a preferred direct indexing and technology platform (“Canvas”), and has agreed that Canvas will serve as the exclusive provider of a direct and custom indexing solution as it relates to integration with Compound’s technology platform. The platform also provides execution and custodial services. The agreement also gives the investor certain information rights, including access to quarterly and annual financial statements, notice of material events, and inspection rights, subject to confidentiality limitations. While this strategic relationship presents conflicts of interest as it could influence the selection and integration of certain investment products and technologies, this relationship does not obligate the firm to utilize the affiliate’s services exclusively. Compound retains full discretion to engage other providers as necessary. To mitigate potential conflicts of interest, maintain the independence of investment-related decision-making, and ensure all decisions are made in accordance with the firm’s fiduciary duty, including its obligations of care and loyalty to clients, Compound conducts regular due 13  diligence on all providers and platforms, ensures that client interests remain paramount at all times, and adheres strictly to its fiduciary obligations under applicable SEC and state regulatory frameworks. Item 11: Code of Ethics, Participation or Interest in Client Transactions & Personal Trading Code of Ethics In accordance with SEC Rule 204A-1,Compound operates under a strict Code of Ethics that ensures we always put the Client’s interests first. To prevent conflicts, Associate trades are typically bundled with yours, ensuring that client orders are filled first and personal accounts never receive an unfair advantage. We also prohibit "principal trading"—meaning we never buy from or sell to you using our own firm’s money—to maintain total objectivity. Client privacy is equally critical. We use encrypted systems and "Zero Data Retention" AI, which processes information for tasks like meeting summaries in real-time and then immediately discards it; your data is never stored or used to train external models. If a trading error occurs, our "make-whole" policy ensures your account is restored to its intended position at no cost to you. While some Associates have outside professional roles, these are entirely separate from Compound, and Clients are under no obligation to follow any external recommendations. Item 12: Brokerage Practices Preferred Custodians & Brokerage Practices Compound typically recommends specific Qualified Custodians like Charles Schwab, Fidelity, or Goldman Sachs to hold your assets and execute trades. While you aren’t required to use them, these firms provide the institutional infrastructure—such as advanced tax reporting and low-cost trading—that allows us to manage your wealth efficiently. Our selection process focuses on Best Execution, which balances competitive costs with financial stability and the quality of service. Rather than simply choosing the cheapest provider, we prioritize institutions that offer the breadth of products and robust technology needed to handle complex transfers and institutional-grade investments. This ensures your portfolio is supported by a secure, capable partner that aligns with our high standards for performance and reporting. Soft Dollar Benefits & Conflicts of Interest While some custodians offer "soft dollar" benefits—such as research or software—in exchange for maintaining client assets, Compound does not have any soft dollar arrangements for these benefits. We do not direct brokerage transactions to any particular broker-dealer in exchange for soft dollar benefits. We receive certain economic benefits such as general research and technology from certain custodians and are therefore incentivized to contract and maintain an ongoing relationship with those custodians. Trade Aggregation & Allocation To get Clients the best pricing, Compound often "blocks" trades by combining orders from multiple accounts into a single transaction, ensuring everyone receives the same average share price for the day. If an order is only partially filled, shares are allocated equitably, and Client accounts are always prioritized over those of Associates. Directed Brokerage If a Client directs the Firm to use a specific broker outside of the preferred list, Compound cannot negotiate commissions or include those trades in larger blocks. This directed brokerage typically leads to higher transaction costs and may result in a less favorable execution price than what is available to other Clients. 14  Item 13: Review of Accounts Compound’s Investment Professionals continuously monitor Client accounts using automated tools and internal systems to ensure alignment with stated objectives. At least once per year, the Firm meets with Clients to review their financial situation, investment goals, and portfolio exposure. More frequent reviews may be triggered by significant market volatility, major economic events, or material changes in a Client’s life, such as retirement or an inheritance. Clients receive official account statements at least quarterly directly from their Qualified Custodian, which detail all holdings, transactions, and advisory fees. Compound urges Clients to compare these custodial statements against any supplemental performance information provided by the Firm to ensure total accuracy. While the Firm does not typically provide additional written reports, ad hoc updates are available upon Client request at no additional charge. Item 14: Client Referrals & Other Compensation Compound maintains professional relationships that involve the exchange of money or services, which can create potential conflicts of interest. These are managed through transparency and a strict commitment to putting Client interests first. Compound pays a fee to platforms like SmartAsset to be introduced to potential Clients. Because these platforms may highlight firms that pay for visibility, this relationship is shared openly so Clients can evaluate the connection independently and make an informed choice. Compound may refer Clients to outside investment managers and receive a fee if they choose to work with them. In these instances, the Firm acts as a "Promoter." Because this creates an incentive to recommend certain managers over others, Compound provides a written statement detailing the exact compensation received and any resulting conflicts. While the Firm verifies that these managers are properly licensed and meet professional standards, Compound does not manage these specific accounts or make investment decisions for them once the referral is made. Clients are never under any obligation to use a recommended manager and are free to seek similar services elsewhere. Item 15: Custody Compound does not physically hold Client cash or securities. All assets are maintained by a Qualified Custodian under a separate agreement between the Client and that institution. However, under regulatory rules, the Firm is "deemed" to have a limited form of custody in two specific scenarios: ● Fee Deduction: With written authorization, Compound instructs the Custodian to deduct advisory fees directly from Client accounts. The Custodian reflects these deductions on official statements sent directly to the Client. ● Standing Letters of Authorization (SLOAs): The Firm is deemed to have custody of certain client assets solely as a result of Clients granting the Firm limited disbursement instruction authority through Standing Letters of Authorization (“SLOAs”) established by clients with their qualified custodians. With respect to SLOAs, the Firm relies on the SEC’s Investment Adviser Association No-Action Letter (February 21, 2017), as modified, which provides relief from the surprise examination requirement under the Custody Rule, provided specific conditions are met. The Firm adheres to those conditions, including obtaining client authorization and ensuring that the qualified custodian performs appropriate verification procedures. The Custodian sends written account statements at least quarterly (via mail or email) detailing all holdings, transactions, and fees. Compound strongly urges Clients to review these official statements immediately for accuracy and to compare them against any supplemental reports provided by the Firm. Item 16: Investment Discretion Compound manages Client assets through two primary levels of authority, as defined in the signed Advisory Agreement and the Limited Power of Attorney (LPOA) held with the Custodian. 15  ● Discretionary Authority: Most Clients grant the Firm the power to buy or sell securities, determine the quantity, and time executions without needing approval for every individual trade. This allows the Firm to act quickly on market signals while staying strictly aligned with the Client’s risk profile and any specific investment restrictions. ● Non-Discretionary Authority: For some accounts, the Firm provides analysis and recommendations but will not place any trades until the Client gives explicit approval. In these cases, the Client is responsible for the timely review of recommendations, as delays can lead to price fluctuations or missed opportunities. ● TAMP Services: For assets managed within the Turnkey Asset Management Program, Compound typically maintains the discretion to implement specific models. While the Firm manages daily trading and rebalancing, the initial and ongoing selection of the appropriate model remains the responsibility of the Client’s Financial Intermediary. Regardless of the authority granted, Compound provides continuous monitoring and seeks to minimize trading costs and tax consequences for all accounts. This authority remains in effect until terminated in writing. If a Client’s actions consistently conflict with their stated goals, the Firm reserves the right to end the advisory relationship to ensure professional standards are maintained. Item 17: Voting Client Securities Proxy Voting Compound does not accept or exercise authority to vote proxies on behalf of Clients. The responsibility to vote proxies rests entirely with the Client, and all proxy materials and ballots are sent directly to the Client by the security issuer or the account custodian. ● Consultation: While the Firm can provide information or answer questions regarding a specific proxy vote, this assistance does not constitute voting authority. Clients should contact the security issuer directly before making any final decisions. ● Legal Actions & Class Actions: Compound does not provide legal or tax advice and will not act on behalf of Clients in legal proceedings, such as class action suits or bankruptcies. Clients are solely responsible for evaluating and participating in these claims. All related notices will be sent directly to the Client by the issuer or custodian. ● ERISA Accounts: For accounts governed by ERISA, the authority and responsibility to vote proxies remain with the Plan Fiduciary in accordance with the specific provisions of the Plan Document. Compound recommends that Clients consult with a qualified attorney or tax professional regarding any legal claims or specific voting obligations. Item 18: Financial Information Compound is in sound financial standing and has no financial conditions that would impair its ability to meet its contractual commitments to Clients. The Firm has not been the subject of a bankruptcy petition at any time. Because Compound does not require or solicit the prepayment of more than $1,200 in fees, six months or more in advance, it is not required to include a balance sheet with this brochure. The Firm has no additional financial circumstances or disclosures to report. Business Continuity & Data Security To ensure the safety of Client interests and data, the Firm maintains a comprehensive Business Continuity Plan. In the event of a significant disruption, Compound is prepared to restore mission-critical systems within 0–72 hours. Clients will be notified of any operational changes via the Firm’s website or main telephone line. Compound is also committed to a "fiduciary-first" approach to information security, utilizing encryption and multi-factor authentication to protect personal data. Data Privacy: Compound does not sell Client data. Information is shared only with authorized service providers (like custodians or tax firms) necessary to conduct everyday business. 16  Artificial Intelligence (AI): The Firm utilizes AI solely to enhance operational efficiency under direct human supervision. To protect sensitive information, Compound prioritizes Zero Data Retention (ZDR) platforms. This ensures that data is processed in real-time to perform specific tasks—such as summarizing a meeting—and then immediately discarded so it is never stored by an outside provider or used to train external models. 17