KROPOG FINANCIAL GROUP, LLC

Kropog Financial Group, LLC Form ADV Part 2A – Disclosure Brochure Effective: April 13, 2026 This Form ADV Part 2A (“Disclosure Brochure”) provides information about the qualifications and business practices of Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”). If you have any questions about the content of this Disclosure Brochure, please contact the Advisor at 985-727-6724. Kropog Financial is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The information in this Disclosure Brochure has not been approved or verified by the SEC or by any state securities authority. Registration of an investment advisor does not imply any specific level of skill or training. This Disclosure Brochure provides information about Kropog Financial to assist you in determining whether to retain the Advisor. Additional information about Kropog Financial and its Advisory Persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 282747. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 | Fax: 985-800-0124 www.kropogfinancial.com  Item 2 – Material Changes Form ADV 2 is divided into two parts: Part 2A (the "Disclosure Brochure") and Part 2B (the "Brochure Supplement"). The Disclosure Brochure provides information about a variety of topics relating to an Advisor’s business practices and conflicts of interest. The Brochure Supplement provides information about the Advisory Persons of Kropog Financial. For convenience, the Advisor has combined these documents into a single disclosure document. Kropog Financial believes that communication and transparency are the foundation of its relationship with clients and will continually strive to provide you with complete and accurate information at all times. Kropog Financial encourages all current and prospective clients to read this Disclosure Brochure and discuss any questions you may have with the Advisor. Material Changes There have been no material changes to this Disclosure Brochure since the last annual amendment filing on February 10, 2026. Future Changes From time to time, the Advisor may amend this Disclosure Brochure to reflect changes in business practices, changes in regulations or routine annual updates as required by the securities regulators. This complete Disclosure Brochure or a Summary of Material Changes shall be provided to you annually and if a material change occurs. At any time, you may view the current Disclosure Brochure on-line at the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 282747. You may also request a copy of this Disclosure Brochure at any time by contacting the Advisor at 985-727-6724. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 2  Item 3 – Table of Contents Item 1 – Cover Page ............................................................................................................................................... 1 Item 2 – Material Changes ..................................................................................................................................... 2 Item 3 – Table of Contents ..................................................................................................................................... 3 A. Firm Information .............................................................................................................................................................. 4 B. Advisory Services Offered ............................................................................................................................................... 4 C. Client Account Management ........................................................................................................................................... 6 D. Wrap Fee Programs ........................................................................................................................................................ 6 E. Assets Under Management ............................................................................................................................................. 6 Item 5 – Fees and Compensation ......................................................................................................................... 6 A. Fees for Advisory Services.............................................................................................................................................. 6 B. Fee Billing........................................................................................................................................................................ 7 C. Other Fees and Expenses .............................................................................................................................................. 7 D. Advance Payment of Fees and Termination ................................................................................................................... 7 E. Compensation for Sales of Securities ............................................................................................................................. 8 Item 6 – Performance-Based Fees and Side-By-Side Management .................................................................. 8 Item 7 – Types of Clients ....................................................................................................................................... 8 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ........................................................... 9 A. Methods of Analysis ........................................................................................................................................................ 9 B. Risk of Loss ..................................................................................................................................................................... 9 Item 9 – Disciplinary Information ........................................................................................................................ 11 Item 10 – Other Financial Industry Activities and Affiliations .......................................................................... 11 Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ............... 11 A. Code of Ethics ............................................................................................................................................................... 11 B. Personal Trading with Material Interest ......................................................................................................................... 11 C. Personal Trading in Same Securities as Clients ........................................................................................................... 11 D. Personal Trading at Same Time as Client .................................................................................................................... 12 Item 12 – Brokerage Practices ............................................................................................................................ 12 A. Recommendation of Custodian[s] ................................................................................................................................. 12 B. Aggregating and Allocating Trades ............................................................................................................................... 13 Item 13 – Review of Accounts ............................................................................................................................. 13 A. Frequency of Reviews ................................................................................................................................................... 13 B. Causes for Reviews ...................................................................................................................................................... 13 C. Review Reports ............................................................................................................................................................. 13 Item 14 – Client Referrals and Other Compensation ........................................................................................ 13 A. Compensation Received by Kropog Financial .............................................................................................................. 13 B. Compensation for Client Referrals ................................................................................................................................ 14 Item 15 – Custody ................................................................................................................................................. 14 Item 16 – Investment Discretion ......................................................................................................................... 14 Item 17 – Voting Client Securities ....................................................................................................................... 14 Item 18 – Financial Information ........................................................................................................................... 14 Form ADV Part 2B – Brochure Supplement ....................................................................................................... 21 Privacy Policy ....................................................................................................................................................... 36 Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 3  Item 4 – Advisory Services A. Firm Information Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company (LLC) under the laws of Louisiana. Kropog Financial was founded in June 2011 and became a Registered Investment Advisor in February, 2016. Kropog Financial is owned by Ryan Kropog (Owner, President, and Investment Advisor Representative) and operated by Ryan Kropog and Calvin Foster-Billiot (Chief Compliance Officer and Chief Operating Officer). This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by Kropog Financial. B. Advisory Services Offered Kropog Financial offers investment advisory services to individuals, high net worth individuals, trusts, estates, retirement plans, and businesses (each referred to as a “Client”). The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential conflicts of interest. Kropog Financials’ fiduciary commitment is further described in the Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. Wealth Management Services Kropog Financial provides wealth management services for its Clients. These services generally include discretionary investment management services in connection with a broad range of financial planning services. These services are described below. Investment Management Services – Kropog Financial provides customized investment advisory solutions for its Clients. This is achieved through continuous personal Client contact and interaction while providing discretionary non-discretionary investment management and related advisory services. Kropog Financial works closely with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio strategy. Kropog Financial will then construct an investment portfolio, consisting of low-cost, exchange-traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may also utilize mutual funds, individual stocks, REITs and alternative investments to meet the needs of its Clients. The Advisor may retain other types of investments from the Client’s legacy portfolio due to fit with the overall portfolio strategy, tax-related reasons, or other reasons as identified between the Advisor and the Client. Kropog Financial’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-allocate positions that have been held for less than one year to meet the objectives of the Client or due to market conditions. Kropog Financial 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 acceptance by the Advisor. Kropog Financial evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. Kropog Financial may recommend, on occasion, redistributing investment allocations to diversify the portfolio. Kropog Financial 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. Kropog Financial 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 the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will provide investment Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 4  advice to a Client regarding a distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a retirement account to an account managed by the Advisor. At no time will Kropog Financial accept or maintain custody of a Client’s funds or securities, except for the limited authority as outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices. Financial Planning Services – Kropog Financial will typically provide a variety of financial planning and consulting services to Clients, either as a component of wealth management services, or pursuant to a separate written financial planning agreement. Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning services involve preparing a formal financial plan or rendering a specific financial consultation 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, insurance needs and other areas of a Client’s financial situation. 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. Kropog Financial may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of the 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 (6) months of contract date, assuming all information and documents requested are provided promptly. Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for investment management services or to increase the level of investment assets with the Advisor, as it would increase the amount of advisory fees paid to the Advisor. 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 implement the transaction through the Advisor. Retirement Plan Advisory Services Kropog Financial provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized to the needs of the Plan and Plan Sponsor. Services generally include: Investment Policy Statement (“IPS”) Design and Monitoring Investment Oversight Services (ERISA 3(21)) ● Plan Participant Enrollment and Education Tracking ● ● ● Performance Reporting ● Ongoing Investment Recommendation and Assistance These services are provided by Kropog Financial serving in the capacity as a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan Sponsor is provided with a written description of Kropog Financials’ fiduciary status, the specific services to be rendered and all direct and indirect compensation the Advisor reasonably expects under the engagement. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 5  C. Client Account Management Prior to engaging Kropog Financial to provide investment advisory services, each Client is required to enter into one or more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the Client. These services may include: • Establishing an Investment Strategy – Kropog Financial, in connection with the Client, will develop a strategy that seeks to achieve the Client’s goals and objectives. • Asset Allocation – Kropog Financial 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 – Kropog Financial will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client. • Investment Management and Supervision – Kropog Financial will provide investment management and ongoing oversight of the Client’s investment portfolio. D. Wrap Fee Programs Kropog Financial typically does not manage or place Client assets into a wrap fee program. However, for certain Clients, Kropog Financial includes securities transaction fees together with its investment advisory fees. Including these fees into a single asset-based fee is considered a “Wrap Fee Program”. The Advisor customizes its investment management services for its Clients. The Advisor sponsors the Kropog Financial Wrap Fee Program solely as a supplemental disclosure regarding the combination of fees. Depending on the level of trading required for the Client’s account[s] in a particular year, the Client may pay more or less in total fees than if the Client paid its own transaction fees. Please see Appendix 1 – Wrap Fee Program Brochure, which is included as a supplement to this Disclosure Brochure. E. Assets Under Management As of December 31, 2025, Kropog Financial manages $160,493,597 in Client assets, $152,554,573 of which are managed on a discretionary basis and $7,939,024 on a non-discretionary basis. Clients may request more current information at any time by contacting the Advisor. Item 5 – Fees and Compensation The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one more written agreement with the Advisor. A. Fees for Advisory Services Wealth Management Services Wealth management fees are paid quaterly, at the end of each calendar calendar, pursuant to the terms of the advisory agreement. Wealth management fees are based on the market value of assets under management at the end of the prior calendar quarter. Wealth management fees range up to 2.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other complexities may be charged a higher fee. The wealth management fee in the first quater of service is prorated from the inception date of the account[s] to the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by Kropog Financial will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuation to ensure accurate billing. The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other related costs and expenses described in Item 5.C below, which may be incurred by the Client. For certain Clients, the Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 6  Advisor’s fee will include securities transaction fees described in Item 5.C below. However, the Advisor shall not receive any portion of these commissions, fees, and costs. Financial Planning Services Kropog Financial offers stand-alone financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees are $300 per hour. Fixed fees range from $300 to $15,000. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours and/or total costs will be provided to the Client prior to engaging for these services. B. Fee Billing Wealth Management Services Wealth management fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at the Custodian. The Client’s wealth management fee is automatically deducted from the client’s account by the Custodian. The Client’s specific fee agreement is described on the account application that the Client signs when opening an account with the Custodian. The amount due is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under management with Kropog Financial at the end of each quarter. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee. Clients are urged to also review and compare the statement provided by the Advisor to the brokerage statement from the Custodian, as the Custodian does not perform a verification of fees. Clients provide written authorization permitting advisory fees to be deducted by the Custodian to be paid directly from their account[s] held by the Custodian as part of the investment advisory agreement and separate account forms provided by the Custodian. Financial Planning Services Financial planning fees may be invoiced up to fifty percent (50%) of the expected total fee upon execution of the financial planning agreement. The balance shall be invoiced upon completion of the agreed upon deliverable[s]. C. Other Fees and Expenses Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf of the Client’s account[s]. Kropog Financial includes securities transactions costs as part of its overall investment advisory fee through the Kropog Financial Wrap Fee Program. Securities transaction fees for Client-directed trades may be charged back to the Client. Please see Item 4.D. above as well as Appendix 1 – Wrap Fee Program Brochure. In addition, all fees paid to Kropog Financial for advisory services are separate and distinct from the expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be able to invest in these products directly, without the services of Kropog Financial, but would not receive the services provided by Kropog Financial which are designed, among other things, to assist the Client in determining which products or services are most appropriate for each Client’s financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by Kropog Financial to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional information. D. Advance Payment of Fees and Termination Wealth Management Services Kropog Financial may be compensated for its wealth management services at the end of the quarter after services are rendered. Either party may terminate the wealth management agreement, at any time, by providing advance written notice to the other party. The Client may also terminate the advisory agreement within five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the Client. The Client’s investment advisory agreement with the Advisor is non-transferable without the Client’s prior consent. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 7  Financial Planning Services Kropog Financial requires an advance deposit as described above. Either party may terminate the financial planning agreement, at any time, by providing advance written notice to the other party. The Client may also terminate the financial planning agreement within five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the Client. Upon termination, the Client shall be billed for actual hours logged on the planning project times the contractual hourly rate or in the case of a fixed fee engagement, the percentage of the engagement scope completed by the Advisor. Upon termination, the Advisor will refund any unearned, prepaid planning fees from the effective date of termination. The Client’s financial planning agreement with the Advisor is non-transferable without the Client’s prior consent. E. Compensation for Sales of Securities Kropog Financial does not buy or sell securities to earn commissions and does not receive any compensation for securities transactions in any Client account, other than the investment advisory fees noted above. Advisory Persons of Kropog Financial are also Registered Representatives of LPL Financial LLC ("LPL Financial"), a securities broker-dealer, and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). In one’s separate capacity as a Registered Representative of LPL Financial, an Advisory Person will implement securities transactions under LPL Financial and not through Kropog Financial. In such instances, an Advisory Person will receive commission-based compensation in connection with the purchase and sale of securities, including 12b-1 fees for the sale of investment company products. Compensation earned by an Advisory Person in one’s capacity as a Registered Representative is separate and in addition to Kropog Financial’ advisory fees. This practice presents a conflict of interest because Advisory Persons who are Registered Representatives may have an incentive to effect securities transactions for the purpose of generating commissions rather than solely based on your needs. The Advisor mitigates this conflict in two ways. First, Clients are under no obligation, contractually or otherwise, to purchase securities products through one of our Advisory Persons. Second, Kropog Financial will not charge an ongoing investment advisory fee on any assets implemented in the separate capacity of one of our Advisory Persons. Please see Item 10 – Other Financial Industry Activities and Affiliations. Certain Advisory Persons of Kropog Financial are also licensed as independent insurance professionals. As an insurance professional, an Advisory Person will earn commission-based compensation for selling insurance products, including insurance products they sell to Clients. Insurance commissions earned by Advisory Persons are separate and in addition to advisory fees. This practice presents a conflict of interest because persons providing investment advice on behalf of the Advisor who are insurance agents have an incentive to recommend insurance products to Clients for the purpose of generating commissions rather than solely based on Client needs. However, Clients are under no obligation, contractually or otherwise, to purchase insurance products through any person affiliated with the Advisor. Please see Item 10 – Other Financial Industry Activities and Affiliations. Item 6 – Performance-Based Fees and Side-By-Side Management Kropog Financial does not charge performance-based fees for its investment advisory services. The fees charged by Kropog Financial are as described in Item 5 above and are not based upon the capital appreciation of the funds or securities held by any Client. Kropog Financial does not manage any proprietary investment funds or limited partnerships (for example, a mutual fund or a hedge fund) and has no financial incentive to recommend any particular investment options to its Clients. Item 7 – Types of Clients Kropog Financial offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses, and retirement plans. The amount of each type of Client is available on Kropog Financial’s Form ADV Part 1A. These amounts may change over time and are updated at least annually by the Advisor. Kropog Financial generally does not impose a minimum relationship size. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 8  Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss A. Methods of Analysis Kropog Financial primarily employs fundamental, technical, cyclical, behavioral, and charting analysis methods in developing investment strategies for its Clients. Research and analysis from Kropog Financial are derived from numerous sources, including financial media companies, third-party research materials, Internet sources, and review of company activities, including annual reports, prospectuses, press releases and research prepared by others. Fundamental analysis utilizes economic and business indicators as investment selection criteria. This criteria consists generally of ratios and trends that may indicate the overall strength and financial viability of the entity being analyzed. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the fundamental analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Technical analysis involves the analysis of past market data rather than specific company data in determining the recommendations made to clients. Technical analysis may involve the use of charts to identify market patterns and trends, which may be based on investor sentiment rather than the fundamentals of the company. The primary risk in using technical analysis is that spotting historical trends may not help to predict such trends in the future. Even if the trend will eventually reoccur, there is no guarantee that Kropog Financial will be able to accurately predict such a reoccurrence. Cyclical analysis is similar to technical analysis in that it involves the analysis of market conditions at a macro (entire market/economy) or micro (company specific) level, rather than the overall fundamental analysis of the health of the particular company that Kropog Financial is recommending. The risks with cyclical analysis are similar to those of technical analysis. Behavioral finance analysis involves an examination of conventional economics as well as behavioral and cognitive psychological factors. Behavioral finance methodology seeks to combine a qualitative and quantitative approach to provide explanations for why individuals may, at times, make irrational financial decisions. Where conventional financial theories have failed to explain certain patterns, the behavioral finance methodology investigates the underlying reasons and biases that cause some people to behave against their best interests. The risks relating to behavior finance analysis are that it relies on spotting trends in human behavior that may not predict future trends. Charting analysis utilizes various market indicators as investment selection criteria. These criteria are generally pricing trends that may indicate movement in the markets. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the technical and charting analysis may lose value and may have negative investment performance. The Advisor monitors these market indicators to determine if adjustments to strategic allocations are appropriate. As noted above, Kropog Financial generally employs a long-term investment strategy for its Clients, as consistent with their financial goals. Kropog Financial will typically hold all or a portion of a security for more than a year, but may hold for shorter periods for the purpose of rebalancing a portfolio or meeting the cash needs of Clients. At times, Kropog Financial may also buy and sell positions that are more short-term in nature, depending on the goals of the Client and/or the fundamentals of the security, sector or asset class. B. Risk of Loss Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients should be prepared to bear the potential risk of loss. Kropog Financial will assist Clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a Client Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 9  will meet their investment goals. Please see Item 8.B. for risks associated with the Advisor’s investment strategies as well as general risks of investing. While the methods of analysis help the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in these methods of analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Each Client engagement will entail a review of the Client's investment goals, financial situation, time horizon, tolerance for risk and other factors to develop an appropriate strategy for managing a Client's account. Client participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor shall rely on the financial and other information provided by the Client or their designees without the duty or obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this analysis. The risks associated with a particular strategy are provided to each Client in advance of investing Client accounts. The Advisor will work with each Client to determine their tolerance for risk as part of the portfolio construction process. Following are some of the risks associated with the Advisor’s investment approach: Market Risks The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall financial markets. ETF Risks The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs has a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. Mutual Fund Risks The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day. Real Estate Investment Trusts (“REITs”) Investing in Real Estate Investment Trusts (“REITs”) involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. For Example, equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline). Alternative Investments (Limited Partnerships) The performance of alternative investments (limited partnerships) can be volatile and may have limited liquidity. An investor could lose all or a portion of their investment. Such investments often have concentrated positions and investments that may carry higher risks. Client should only have a portion of their assets in these investments. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 10  Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Item 9 – Disciplinary Information There are no legal, regulatory or disciplinary events involving Kropog Financial or its owners. Kropog Financial values the trust Clients place in the Advisor. The Advisor encourages Clients to perform the requisite due diligence on any advisor or service provider that the Client engages. The backgrounds of the Advisor or Advisory Persons are available on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 282747. Item 10 – Other Financial Industry Activities and Affiliations Broker-Dealer Affiliation As noted in Item 5, Advisory Persons of Kropog Financial are also Registered Representatives of LPL Financial. In an Advisory Person’s separate capacity as a Registered Representative, an Advisory Person will receive commissions for the implementation of recommendations for commissionable transactions. Clients are not obligated to implement any recommendation provided by an Advisory Person of Kropog Financial. Neither Kropog Financial nor its Advisory Persons will earn ongoing investment advisory fees in connection with any services implemented in an Advisory Person’s separate capacity as a Registered Representative. Under supervision by LPL Financial, LPL Financial may have access to certain confidential information of the Client, including, but not limited to financial information, investment objectives, transactions and holdings information. Please see our Privacy Policy, which is included with this Disclosure Brochure. Insurance Agency Affiliations As noted in Item 5, certain Advisory Persons of Kropog Financial are licensed insurance professionals. Implementations of insurance recommendations are separate and apart from one’s role with Kropog Financial. As insurance professionals, Advisory Persons will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Additionally, certain members of Kropog Financial’ management receive revenue directly from Kropog Financial. Commissions and revenue generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by the Advisor or its Advisory Persons. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Kropog Financial has implemented a Code of Ethics (the “Code”) that defines the Advisor’s fiduciary commitment to each Client. This Code applies to all persons associated with Kropog Financial (“Supervised Persons”). The Code was developed to provide general ethical guidelines and specific instructions regarding the Advisor’s duties to each Client. Kropog Financial and its Supervised Persons owe a duty of loyalty, fairness and good faith towards each Client. It is the obligation of Kropog Financial’s Supervised Persons to adhere not only to the specific provisions of the Code, but also to the general principles that guide the Code. The Code covers a range of topics that address employee ethics and conflicts of interest. To request a copy of the Code, please contact the Advisor at 985-727-6724. B. Personal Trading with Material Interest Kropog Financial allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients. Kropog Financial does not act as principal in any transactions. In addition, the Advisor does not act as the general partner of a fund, or advise an investment company. Kropog Financial does not have a material interest in any securities traded in Client accounts. C. Personal Trading in Same Securities as Clients Kropog Financial allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients. Owning the same securities that are recommended (purchase or sell) to Clients Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 11  presents a conflict of interest that, as fiduciaries, must be disclosed to Clients and mitigated through policies and procedures. As noted above, the Advisor has adopted the Code to address insider trading (material non-public information controls); gifts and entertainment; outside business activities and personal securities reporting. When trading for personal accounts, Supervised Persons have a conflict of interest if trading in the same securities. The fiduciary duty to act in the best interest of its Clients can be violated if personal trades are made with more advantageous terms than Client trades, or by trading based on material non-public information. This risk is mitigated by Kropog Financial requiring reporting of personal securities trades by its Supervised Persons for review by the Chief Compliance Officer (“CCO”) or delegate. The Advisor has also adopted written policies and procedures to detect the misuse of material, non-public information. D. Personal Trading at Same Time as Client While Kropog Financial allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients, such trades are typically aggregated with Client orders or traded afterwards. At no time will Kropog Financial, or any Supervised Person of Kropog Financial, transact in any security to the detriment of any Client. Item 12 – Brokerage Practices A. Recommendation of Custodian[s] Kropog Financial does not have discretionary authority to select the broker-dealer/custodian for custody and execution services. The Client will engage the broker-dealer/custodian (herein the "Custodian") to safeguard Client assets and authorize Kropog Financial to direct trades to the Custodian as agreed upon in the investment advisory agreement. Further, Kropog Financial does not have the discretionary authority to negotiate commissions on behalf of Clients on a trade-by-trade basis. Where Kropog Financial does not exercise discretion over the selection of the Custodian, it will recommend the Custodian to Clients for custody and execution services. Clients are not obligated to use the recommended Custodian and will not incur any extra fee or cost from the Advisor associated with using a custodian not recommended by Kropog Financial. However, the Advisor may be limited in the services it can provide if the recommended Custodian is not engaged. Kropog Financial may recommend the Custodian based on criteria such as, but not limited to, reasonableness of commissions charged to the Client, services made available to the Client, and its reputation and/or the location of the Custodian’s offices. As its Advisory Persons are also registered representatives of LPL Financial, Kropog Financial and its Advisory Persons must recommend LPL Financial as the Custodian and recommend that Clients establish their accounts at LPL Financial, where Kropog Financial has access to LPL Financial’s systems, back office support, research and other benefits. While Kropog Financial receives these economic benefits from LPL Financial, the Advisor believes that LPL Financial provides quality execution and related services for our Clients at competitive prices. Price is not the sole factor Kropog Financial considers in evaluating best execution and the recommendation of a custodian. Kropog Financial also considers the quality of the brokerage services provided by LPL Financial, including the firm's reputation, execution capabilities, commission rates, and responsiveness to our Clients and our firm. Clients are free to use whatever broker-dealer/custodian they choose to implement financial planning recommendations. For investment advisory services, Kropog Financial would be required to obtain permission to use a broker-dealer or custodian other than LPL Financial due to the oversight role LPL Financial assumes over the Advisory Persons. Please see Item 14. Following are additional details regarding the brokerage practices of the Advisor: 1. Soft Dollars - Soft dollars are revenue programs offered by broker-dealers/custodians whereby an advisor enters into an agreement to place security trades with a broker-dealer/custodian in exchange for research and other services. Kropog Financial does not participate in soft dollar programs sponsored or offered by any broker- dealer/custodian. However, the Advisor receives certain economic benefits from the Custodian. Please see Item 14 below. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 12  2. Brokerage Referrals - Kropog Financial does not receive any compensation from any third party in connection with the recommendation for establishing an account. 3. Directed Brokerage - All Clients are serviced on a “directed brokerage basis”, where Kropog Financial will place trades within the established account[s] at the Custodian designated by the Client. Further, all Client accounts are traded within their respective account[s]. The Advisor will not engage in any principal transactions (i.e., trade of any security from or to the Advisor’s own account) or cross transactions with other Client accounts (i.e., purchase of a security into one Client account from another Client’s account[s]). Kropog Financial will not be obligated to select competitive bids on securities transactions and does not have an obligation to seek the lowest available transaction costs. These costs are determined by the Custodian. B. Aggregating and Allocating Trades The primary objective in placing orders for the purchase and sale of securities for Client accounts is to obtain the most favorable net results taking into account such factors as 1) price, 2) size of the order, 3) difficulty of execution, 4) confidentiality and 5) skill required of the Custodian. Kropog Financial will execute its transactions through the Custodian as authorized by the Client. Kropog Financial may aggregate orders in a block trade or trades when securities are purchased or sold through the Custodian for multiple (discretionary) accounts in the same trading day. If a block trade cannot be executed in full at the same price or time, the securities actually purchased or sold by the close of each business day must be allocated in a manner that is consistent with the initial pre-allocation or other written statement. This must be done in a way that does not consistently advantage or disadvantage any particular Clients’ accounts. Item 13 – Review of Accounts A. Frequency of Reviews Securities in Client accounts are monitored on a regular and continuous basis by Calvin Foster-Billiot, Chief Compliance Officer of Kropog Financial, and Ryan Kropog, Owner, President, and Investment Advisor Representativeof Kropog Financial. Formal reviews are generally conducted at least annually or more frequently depending on the needs of the Client. B. Causes for Reviews In addition to the investment monitoring noted in Item 13.A., each Client account shall be reviewed at least annually. Reviews may be conducted more frequently at the Client’s request. Accounts may be reviewed as a result of major changes in economic conditions, known changes in the Client’s financial situation, and/or large deposits or withdrawals in the Client’s account[s]. The Client is encouraged to notify Kropog Financial if changes occur in the Client’s personal financial situation that might adversely affect the Client’s investment plan. Additional reviews may be triggered by material market, economic or political events. C. Review Reports The Client will receive brokerage statements no less than quarterly from the Custodian. These brokerage statements are sent directly from the Custodian to the Client. The Client may also establish electronic access to the Custodian’s website so that the Client may view these reports and their account activity. Client brokerage statements will include all positions, transactions and fees relating to the Client’s account[s]. The Advisor may also provide Clients with periodic reports regarding their holdings, allocations, and performance. Item 14 – Client Referrals and Other Compensation A. Compensation Received by Kropog Financial Kropog Financial is a fee-based advisory firm, that is compensated solely by its Clients and not from any investment product. Kropog Financial does not receive commissions or other compensation from product sponsors, broker-dealers or any un-related third party. Kropog Financial may refer Clients to various unaffiliated, non-advisory professionals (e.g. attorneys, accountants, estate planners) to provide certain financial services necessary to meet the goals of its Clients. Likewise, Kropog Financial may receive non-compensated referrals of new Clients from various third-parties. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 13  Participation in Institutional Advisor Platform Kropog Financial has established institutional relationship with LPL Financial to assist the Advisor in managing Client account[s]. The Advisor receives access to software and related support as part of its relationship with LPL Financial. The software and related systems support may benefit the Advisor, but not its Clients directly. In fulfilling its duties to its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware, however, that the receipt of economic benefits from a Custodian creates a potential conflict of interest since these benefits may influence the Advisor's recommendation of the Custodian over one that does not furnish similar software, systems support, or services. Additionally, the Advisor may receive the following benefits from LPL Financial: reimbursement to Clients for transfer costs to the platform/custodian; financing services, receipt of duplicate Client confirmations and bundled duplicate statements; access to a trading desk that exclusively services its institutional participants; access to block trading which provides the ability to aggregate securities transactions and then allocate the appropriate shares to Client accounts; and access to an electronic communication network for Client order entry and account information. B. Compensation for Client Referrals Kropog Financial does not compensate, either directly or indirectly, any persons who are not supervised persons, for Client referrals. Item 15 – Custody Kropog Financial does not accept or maintain custody of Client accounts. All Clients must place their assets with a “qualified custodian”. Clients are required to engage the Custodian to retain their funds and securities and direct Kropog Financial to utilize that Custodian for the Client’s security transactions. LPL Financial, as the qualified custodian, is responsible for directly calculating and deducting advisory fees based on authorization provided by the client under separate agreement not the advisor. Kropog Financial Group, LLC does not have the direct ability to withdraw management fees. Clients should review statements provided by the Custodian and compare to any reports provided by Kropog Financial to ensure accuracy, as the Custodian does not perform this review. For more information about custodians and brokerage practices, see Item 12 – Brokerage Practices. Item 16 – Investment Discretion Kropog Financial generally has discretion over the selection and amount of securities to be bought or sold in Client accounts without obtaining prior consent or approval from the Client. However, these purchases or sales may be subject to specified investment objectives, guidelines, or limitations previously set forth by the Client and agreed to by Kropog Financial. Discretionary authority will only be authorized upon full disclosure to the Client. The granting of such authority will be evidenced by the Client's execution of an investment advisory agreement containing all applicable limitations to such authority. All discretionary trades made by Kropog Financial will be in accordance with each Client's investment objectives and goals. Item 17 – Voting Client Securities Kropog Financial does not accept proxy-voting responsibility for any Client. Clients will receive proxy statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however, the Client retains the sole responsibility for proxy decisions and voting. Item 18 – Financial Information Neither Kropog Financial, nor its management, have any adverse financial situations that would reasonably impair the ability of Kropog Financial to meet all obligations to its Clients. Neither Kropog Financial, nor any of its Advisory Persons, have been subject to a bankruptcy or financial compromise. Kropog Financial is not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect advance fees of $1,200 or more for services to be performed six months or more in the future. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 14  Kropog Financial Group, LLC Form ADV Part 2A – Appendix 1 (“Wrap Fee Program Brochure”) Effective: April 13, 2026 This Form ADV2A - Appendix 1 (“Wrap Fee Program Brochure”) provides information about the qualifications and business practices for Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”) services when offering services pursuant to a wrap program. This Wrap Fee Program Brochure shall always be accompanied by the Kropog Financial Disclosure Brochure, which provides complete details on the business practices of the Advisor. If you did not receive the complete Kropog Financial Disclosure Brochure or you have any questions about the contents of this Wrap Fee Program Brochure or the Kropog Financial Disclosure Brochure, please contact us at 985-727-6724. Kropog Financial is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The information in this Wrap Fee Program Brochure has not been approved or verified by the SEC or by any state securities authority. Registration of an investment advisor does not imply any specific level of skill or training. This Wrap Fee Program Brochure provides information about Kropog Financial to assist you in determining whether to retain the Advisor. Additional information about Kropog Financial and its Advisory Persons are available on the SEC’s website at www.adviserinfo.sec.gov by searching for our firm name or by our CRD# 282747. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 15  Item 2 – Material Changes Form ADV 2A - Appendix 1 provides information about a variety of topics relating to an Advisor’s business practices and conflicts of interest. In particular, this Wrap Fee Program Brochure discusses Wrap Fee Programs offering by the Advisor. Material Changes There have been no material changes to the content of this Wrap Fee Program Brochure since the last annual amendment filing on February 10, 2026. Future Changes From time to time, we may amend this Wrap Fee Program Brochure to reflect changes in our business practices, changes in regulations and routine annual updates as required by the securities regulators. This complete Wrap Fee Program Brochure (along with the complete Kropog Financial Disclosure Brochure) or a Summary of Material Changes shall be provided to each Client annually and if a material change occurs in the business practices of Kropog Financial. At any time, you may view this Wrap Fee Program Brochure and the current Disclosure Brochure on-line at the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching for our firm name or by our CRD# 282747. You may also request a copy of this Disclosure Brochure at any time, by contacting us at 985-727- 6724. Form ADV Part 2A – Appendix 1 ......................................................................................................................... 15 Item 2 – Material Changes ................................................................................................................................... 16 Item 4 – Services Fees and Compensation ........................................................................................................ 17 Item 5 – Account Requirements and Types of Clients ..................................................................................... 18 Item 6 – Portfolio Manager Selection and Evaluation ....................................................................................... 18 Item 7 – Client Information Provided to Portfolio Managers ............................................................................ 19 Item 8 – Client Contact with Portfolio Managers ............................................................................................... 19 Item 9 – Additional Information ........................................................................................................................... 19 Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 16  Item 4 – Services Fees and Compensation A. Services Kropog Financial provides customized investment advisory services for its Clients. This Wrap Fee Program Brochure is provided as a supplement to the Kropog Financial Disclosure Brochure (Form ADV 2A). This Wrap Fee Program Brochure is provided along with the complete Disclosure Brochure to provide full details of the business practices and fees when selecting Kropog Financial as your investment advisor. As part of the investment advisory fees noted in Item 5 of the Disclosure Brochure, Kropog Financial includes normal securities transaction fees as part of the overall investment advisory fee. Securities regulations often refer to this combined fee structure as a “Wrap Fee Program”. The Advisor sponsors the Kropog Financial Wrap Fee Program. The sole purpose of this Wrap Fee Program Brochure is to provide additional disclosure relating the combination of securities transaction fees into the single “bundled” investment advisory fee. This Wrap Fee Program Brochure references back to the Kropog Financial Disclosure Brochure in which this Wrap Fee Program Brochure serves as an Appendix. Please see Item 4 – Advisory Services of the Disclosure Brochure for details on Kropog Financial’s investment philosophy and related services. B. Program Costs Advisory services provided by Kropog Financial are offered in a wrap fee structure whereby normal securities transaction costs are included in the overall investment advisory fee paid to Kropog Financial. As the level of trading in a Client’s account[s] may vary from year to year, the annual cost to the Client may be more or less than engaging for advisory services where the transactions costs are borne separately by the Client. The cost of the Wrap Fee Program varies depending on services to be provided to each Client, however, the Client is not charged more if there is higher trading activity in the Client’s account[s]. A Wrap Fee structure has a potential conflict of interest as the Advisor may have an incentive to limit the number of trades placed in the Client’s account[s]. Please see Item 5 – Fees and Compensation of the Disclosure Brochure for complete details on fees. C. Fees Wealth Management Services Wealth management fees are paid quaterly, at the end of each calendar calendar, pursuant to the terms of the advisory agreement. Wealth management fees are based on the market value of assets under management at the end of the prior calendar quarter. Wealth management fees range up to 2.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other complexities may be charged a higher fee. The wealth management fee in the first quater of service is prorated from the inception date of the account[s] to the end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by Kropog Financial will be independently valued by the Custodian. Kropog Financial will conduct periodic reviews of the Custodian’s valuations. As noted above, the Wrap Fee Program includes normal securities trading costs incurred in connection with the discretionary investment management services provided by Kropog Financial. Securities transaction fees for Client- directed trades may be charged back to the Client. Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf of the Client’s account[s]. Under this Wrap Fee Program, Kropog Financial includes securities transactions costs as part of its overall investment advisory fee. In addition, all fees paid to Kropog Financial for investment advisory services or part of the Wrap Fee Program are separate and distinct from the expenses charged by mutual funds and exchange-traded funds to their shareholders, if applicable. These fees and expenses are described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. The Client may also incur other costs assessed by the Custodian or other parties for account related activity fees, such as wire transfer fees, fees for trades executed away from the Custodian and other fees. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 17  The Advisor does not control nor share in these fees. The Client should review both the fees charged by the fund[s] and the fees charged by Kropog Financial to fully understand the total fees to be paid. Please see Item 5.C. – Other Fees and Expenses in the Disclosure Brochure (included with this Wrap Fee Program Brochure). D. Compensation Kropog Financial is the sponsor and portfolio manager of this Wrap Fee Program. Kropog Financial receives investment advisory fees paid by Clients for participating in the Wrap Fee Program and pays the Custodian for the costs associated with the normal trading activity in the Client’s account[s]. Item 5 – Account Requirements and Types of Clients Kropog Financial offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses, and retirement plans. Kropog Financial generally does not impose a minimum account size for establishing a relationship. Please see Item 7 – Types of Clients in the Disclosure Brochure for additional information. Item 6 – Portfolio Manager Selection and Evaluation Portfolio Manager Selection Kropog Financial serves as sponsor and as portfolio manager for the services under this Wrap Fee Program. Related Persons Kropog Financial personnel serve as portfolio managers for this Wrap Fee Program. Kropog Financial does not serve as a portfolio manager for any third-party Wrap Fee Programs. Performance-Based Fees Kropog Financial does not charge performance-based fees for its investment advisory services. The fees charged by Kropog Financial are as described in Item 5 above and are not based upon the capital appreciation of the funds or securities held by any Client. Supervised Persons Kropog Financial Advisory Persons serve as portfolio managers for all accounts, including the services described in this Wrap Fee Program Brochure. Details of the advisory services provided are included in Item 4.A. of the Disclosure Brochure. Methods of Analysis Please see Item 8 of the Disclosure Brochure (included with this Wrap Fee Program Brochure) for details on the research and analysis methods employed by the Advisor. Risk of Loss Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients should be prepared to bear the potential risk of loss. Kropog Financial will assist Clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a Client will meet their investment goals. Please see Item 8.B. for risks associated with the Advisor’s investment strategies as well as general risks of investing. While the methods of analysis help the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in these methods of analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Each Client engagement will entail a review of the Client's investment goals, financial situation, time horizon, tolerance for risk and other factors to develop an appropriate strategy for managing a Client's account. Client participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor shall rely on the financial and other information provided by the Client or their designees without the duty or obligation to validate the accuracy and completeness of the provided Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 18  information. It is the responsibility of the Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this analysis. Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Please see Item 8.B. – Risk of Loss in the Disclosure Brochure for details on investment risks. Proxy Voting Kropog Financial does not accept proxy-voting responsibility for any Client. Clients will receive proxy statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however, the Client retains the sole responsibility for proxy decisions and voting. Item 7 – Client Information Provided to Portfolio Managers Kropog Financial is the sponsor and sole portfolio manager for the Program. The Advisor does not share Client information with other portfolio managers because it is the sole portfolio manager for this Wrap Fee Program. Please also see the Kropog Financial Privacy Policy (included after this Wrap Fee Program Brochure). Item 8 – Client Contact with Portfolio Managers Kropog Financial is a full-service investment management advisory firm. Clients always have direct access to the Portfolio Managers at Kropog Financial. Item 9 – Additional Information A. Disciplinary Information and Other Financial Industry Activities and Affiliations There are no legal, regulatory or disciplinary events involving Kropog Financial or its owners. Kropog Financial values the trust Clients place in the Advisor. The Advisor encourages Clients to perform the requisite due diligence on any advisor or service provider that the Client engages. The backgrounds of the Advisor or Advisory Persons are available on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 282747. Please see Item 9 of the Kropog Financial Disclosure Brochure as well as Item 3 of each Advisory Person’s Brochure Supplement (included with this Wrap Fee Program Brochure) for additional information on how to research the background of the Advisor and its Advisory Persons. Other Financial Activities and Affiliations Please see Items 10 and 14 of the Form ADV Part 2A – Disclosure Brochure (included with this Wrap Fee Program Brochure). B. Code of Ethics, Review of Accounts, Client Referrals, and Financial Information Kropog Financial has implemented a Code of Ethics that defines our fiduciary commitment to each Client. This Code of Ethics applies to all persons subject to Kropog Financial’s compliance program (our “Supervised Persons”). Complete details on the Kropog Financial Code of Ethics can be found under Item 11 – Code of Ethics, Participation in Client Transactions and Personal Trading in the Disclosure Brochure (included with this Wrap Fee Program Brochure). Review of Accounts Investments in Client accounts are monitored on a regular and continuous basis by Advisory Persons of Kropog Financial under the supervision of the Chief Compliance Officer (“CCO”). Details of the review policies and practices are provided in Item 13 of the Form ADV Part 2A – Disclosure Brochure. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 19  Other Compensation Participation in Institutional Advisor Platform Kropog Financial has established institutional relationship with LPL Financial to assist the Advisor in managing Client account[s]. The Advisor receives access to software and related support as part of its relationship with LPL Financial. The software and related systems support may benefit the Advisor, but not its Clients directly. In fulfilling its duties to its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware, however, that the receipt of economic benefits from a Custodian creates a potential conflict of interest since these benefits may influence the Advisor's recommendation of the Custodian over one that does not furnish similar software, systems support, or services. Additionally, the Advisor may receive the following benefits from LPL Financial: reimbursement to Clients for transfer costs to the platform/custodian; financing services, receipt of duplicate Client confirmations and bundled duplicate statements; access to a trading desk that exclusively services its institutional participants; access to block trading which provides the ability to aggregate securities transactions and then allocate the appropriate shares to Client accounts; and access to an electronic communication network for Client order entry and account information. Please see Item 14 – Other Compensation in the Form ADV Part 2A – Disclosure Brochure (included with this Wrap Fee Program Brochure) for details on additional compensation that may be received by Kropog Financial or its Advisory Persons. Each Advisory Person’s Brochure Supplement (also included with this Wrap Fee Program Brochure) provides details on any outside business activities and the associated compensation. Client Referrals from Solicitors Kropog Financial does not engage paid solicitors for Client referrals. Financial Information Neither Kropog Financial, nor its management, have any adverse financial situations that would reasonably impair the ability of Kropog Financial to meet all obligations to its Clients. Neither Kropog Financial, nor any of its Advisory Persons, have been subject to a bankruptcy or financial compromise. Kropog Financial is not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect advance fees of $1,200 or more for services to be performed six months or more in the future. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 20  Form ADV Part 2B – Brochure Supplement for Ryan C. Kropog, CFP®, RICP® Owner, President, and Investment Advisor Representative Effective: April 13, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Ryan C. Kropog, CFP®, RICP® (CRD# 5210567) in addition to the information contained in the Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”, CRD# 282747) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Kropog Financial Disclosure Brochure or this Brochure Supplement, please contact us at 985-727-6724. Additional information about Mr. Kropog is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 5210567. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 21  Item 2 – Educational Background and Business Experience Ryan C. Kropog, CFP®, RICP®, born in 1984, is dedicated to advising Clients of Kropog Financial as the Owner, President, and Investment Advisor Representative. Mr. Kropog earned bachelor’s degree from Louisiana State University in 2006. Additional information regarding Mr. Kropog’s employment history is included below. Employment History: 05/2024 to Present Owner, President, and Investment Advisor Representative, Kropog Financial Group, LLC Vice President, Kropog Financial Group, LLC Registered Representativie, LPL Financial LLC 08/2011 to 05/2024 10/2006 to Present CERTIFIED FINANCIAL PLANNER® Professional I am certified for financial planning services in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Therefore, I may refer to myself as a CERTIFIED FINANCIAL PLANNER® professional or a CFP® professional, and I may use these and the other certification marks (the “CFP Board Certification Marks”) that Certified Financial Planner Board of Standards Center for Financial Planning, Inc. has licensed to CFP Board in the United States. The CFP® certification is voluntary. No federal or state law or regulation requires financial planners to hold the CFP® certification. You may find more information about the CFP® certification at www.cfp.net. CFP® professionals have met CFP Board’s high standards for education, examination, experience, and ethics. To become a CFP® professional, an individual must fulfill the following requirements: ● Education – Earn a bachelor’s degree or higher from an accredited college or university and complete CFP Board-approved coursework at a college or university through a CFP Board Registered Program. The coursework covers the financial planning subject areas CFP Board has determined are necessary for the competent and professional delivery of financial planning services, as well as a comprehensive financial plan development capstone course. A candidate may satisfy some of the coursework requirement through other qualifying credentials. CFP Board implemented the bachelor’s degree or higher requirement in 2007 and the financial planning development capstone course requirement in March 2012. Therefore, a CFP® professional who first became certified before those dates may not have earned a bachelor’s or higher degree or completed a financial planning development capstone course. ● Examination – Pass the comprehensive CFP® Certification Examination. The examination is designed to assess an individual’s ability to integrate and apply a broad base of financial planning knowledge in the context of real-life financial planning situations. ● Experience – Complete 6,000 hours of professional experience related to the personal financial planning process, or 4,000 hours of apprenticeship experience that meets additional requirements. ● Ethics – Satisfy the Fitness Standards for Candidates for CFP® Certification and Former CFP® Professionals Seeking Reinstatement and agree to be bound by CFP Board’s Code of Ethics and Standards of Conduct (“Code and Standards”), which sets forth the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements to remain certified and maintain the right to continue to use the CFP Board Certification Marks: ● Ethics – Commit to complying with CFP Board’s Code and Standards. This includes a commitment to CFP Board, as part of the certification, to act as a fiduciary, and therefore, act in the best interests of the client, at all times when providing financial advice and financial planning. CFP Board may sanction a CFP® professional who does not abide by this commitment, but CFP Board does not guarantee a CFP® professional's services. A client who seeks a similar commitment should obtain a written engagement that includes a fiduciary obligation to the client. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 22  ● Continuing Education – Complete 30 hours of continuing education every two years to maintain competence, demonstrate specified levels of knowledge, skills, and abilities, and keep up with developments in financial planning. Two of the hours must address the Code and Standards. Retirement Income Certified Professional™ (“RICP®”) The RICP® designation teaches advisers techniques and best practices used to create sustainable streams of retirement income. The education covers retirement income planning, maximizing Social Security and other income sources, minimizing risks to the plan, and managing portfolios during the asset distribution phase. The designation includes three required, college-level courses that represent a total average study time of more than 150 hours. RICP® designees must meet experience, continuing education and ethics requirements. The credential is awarded by The American College, a non-profit educator with an 85-year heritage and the highest form of academic accreditation. Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Kropog. Mr. Kropog has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Kropog. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Kropog. However, we do encourage you to independently view the background of Mr. Kropog on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 5210567. Item 4 – Other Business Activities Broker-Dealer Affiliation Mr. Kropog is also a registered representative of LPL Financial LLC (“LPL Financial”). LPL Financial is a registered broker-dealer (CRD# 6413), member FINRA, SIPC. In Mr. Kropog’s separate capacity as a registered representative, Mr. Kropog will receive commissions for the implementation of recommendations for commissionable transactions. Clients are not obligated to implement any recommendation provided by Mr. Kropog. Neither the Advisor nor Mr. Kropog will earn ongoing investment advisory fees in connection with any products or services implemented in Mr. Kropog’s separate capacity as a registered representative. Mr. Kropog spends approximately 10% of his time per month in his role as a registered representative of LPL Financial. Insurance Agency Affiliations Mr. Kropog is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mr. Kropog’s role with Kropog Financial. As an insurance professional, Mr. Kropog will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mr. Kropog is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mr. Kropog or the Advisor. Mr. Kropog spends approximately 10% of his time per month in this capacity. Item 5 – Additional Compensation Mr. Kropog has additional business activities where compensation is received that are detailed in Item 4 above. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 23  Item 6 – Supervision Mr. Kropog serves as the Owner, President, and Investment Advisor Representative of Kropog Financial and is supervised by Calvin Foster-Billiot, the Chief Compliance Officer. Mr. Foster-Billiot can be reached at 985-727-6724. Kropog Financial has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Kropog Financial. Further, Kropog Financial is subject to regulatory oversight by various agencies. These agencies require registration by Kropog Financial and its Supervised Persons. As a registered entity, Kropog Financial is subject to examinations by regulators, which may be announced or unannounced. Kropog Financial is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 24  Form ADV Part 2B – Brochure Supplement for Christopher C. Rodriguez Financial Advisor Effective: April 13, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Christopher C. Rodriguez (CRD# 7422081) in addition to the information contained in the Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”, CRD# 282747) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Kropog Financial Disclosure Brochure or this Brochure Supplement, please contact us at 985-727-6724. Additional information about Mr. Rodriguez is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 7422081. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 25  Item 2 – Educational Background and Business Experience Christopher C. Rodriguez, born in 1995, is dedicated to advising Clients of Kropog Financial as a Financial Advisor. Mr. Rodriguez earned an M.B.A. from Tulane University in 2021. Mr. Rodriguez also earned a Bachelor of Science in Management and Marketing from Tulane University in 2017. Additional information regarding Mr. Rodriguez’s employment history is included below. Employment History: Financial Advisor, Kropog Financial Group, LLC Registered Representative, LPL Financial LLC Non-Licensed Assistant, Kropog Financial Group Universal Banker, Iberia Bank Float Teller, Iberia Bank Research Associate, Trumpet Advertising Graduate Student, Tulane University Undergraduate Student, Tulane University 04/2022 to Present 01/2022 to Present 08/2021 to 04/2022 10/2020 to 04/2021 12/2019 to 10/2021 09/2018 to 04/2019 08/2018 to 08/2021 08/2013 to 05/2017 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Rodriguez. Mr. Rodriguez has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Rodriguez. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Rodriguez. However, we do encourage you to independently view the background of Mr. Rodriguez on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 7422081. Item 4 – Other Business Activities Broker-Dealer Affiliation Mr. Rodriguez is also a registered representative of LPL Financial LLC (“LPL Financial”). LPL Financial is a registered broker-dealer (CRD# 6413), member FINRA, SIPC. In Mr. Rodriguez’s separate capacity as a registered representative, Mr. Rodriguez will receive commissions for the implementation of recommendations for commissionable transactions. Clients are not obligated to implement any recommendation provided by Mr. Rodriguez. Neither the Advisor nor Mr. Rodriguez will earn ongoing investment advisory fees in connection with any products or services implemented in Mr. Rodriguez’s separate capacity as a registered representative. Mr. Rodriguez spends approximately 10% of his time per month in his role as a registered representative of LPL Financial. Item 5 – Additional Compensation Mr. Rodriguez has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mr. Rodriguez serves as a Financial Advisor of Kropog Financial and is supervised by Calvin Foster-Billiot, the Chief Compliance Officer. Mr. Foster-Billiot can be reached at 985-727-6724. Kropog Financial has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Kropog Financial. Further, Kropog Financial is subject to regulatory oversight by various agencies. These agencies require registration by Kropog Financial and its Supervised Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 26  Persons. As a registered entity, Kropog Financial is subject to examinations by regulators, which may be announced or unannounced. Kropog Financial is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 27  Form ADV Part 2B – Brochure Supplement for Courtney G. Valentine, CFP®, APMA® Financial Advisor Effective: April 13, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Courtney G. Valentine, CFP®, APMA® (CRD# 7221100) in addition to the information contained in the Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”, CRD# 282747) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Kropog Financial Disclosure Brochure or this Brochure Supplement, please contact us at 985-727-6724. Additional information about Mrs. Valentine is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 7221100. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 28  Item 2 – Educational Background and Business Experience Courtney G. Valentine, CFP®, APMA®, born in 1994, is dedicated to advising Clients of Kropog Financial as a Financial Advisor. Mrs. Valentine earned a Master’s Degree from The University of Southern Mississippi in 2018. Mrs. Valentine also earned a Bachelor’s Degree from The University of Southern Mississippi in 2017. Additional information regarding Mrs. Valentine’s employment history is included below. Employment History: Financial Advisor, Kropog Financial Group, LLC Registered Representative, LPL Financial, LLC Paraplanner, Ameriprise Financial Services, LLC Operations Manager, Brookline College Assistant Manager, Surterra Wellness Sales Associate, Dillard's 10/2022 to Present 10/2022 to Present 01/2020 to 09/2022 05/2019 to 11/2019 07/2018 to 05/2019 02/2017 to 08/2017 Accredited Portfolio Management Advisor™ (“APMA®”) Individuals who hold the APMA® designation have completed a course of study encompassing client assessment and suitability, risk/return, investment objectives, bond and equity portfolios, modern portfolio theory, and investor psychology. Students have hands-on practice in analyzing investment policy statements, building portfolios, and making asset allocation decisions, including sell, hold, and buy decisions within a client’s portfolio. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations. All designees have agreed to adhere to Standards of Professional Conduct™ and are subject to a disciplinary process. Designees renew their designation every two-years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct™, and complying with self-disclosure requirements. CERTIFIED FINANCIAL PLANNER® Professional I am certified for financial planning services in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Therefore, I may refer to myself as a CERTIFIED FINANCIAL PLANNER® professional or a CFP® professional, and I may use these and the other certification marks (the “CFP Board Certification Marks”) that Certified Financial Planner Board of Standards Center for Financial Planning, Inc. has licensed to CFP Board in the United States. The CFP® certification is voluntary. No federal or state law or regulation requires financial planners to hold the CFP® certification. You may find more information about the CFP® certification at www.cfp.net. CFP® professionals have met CFP Board’s high standards for education, examination, experience, and ethics. To become a CFP® professional, an individual must fulfill the following requirements: ● Education – Earn a bachelor’s degree or higher from an accredited college or university and complete CFP Board-approved coursework at a college or university through a CFP Board Registered Program. The coursework covers the financial planning subject areas CFP Board has determined are necessary for the competent and professional delivery of financial planning services, as well as a comprehensive financial plan development capstone course. A candidate may satisfy some of the coursework requirement through other qualifying credentials. CFP Board implemented the bachelor’s degree or higher requirement in 2007 and the financial planning development capstone course requirement in March 2012. Therefore, a CFP® professional who first became certified before those dates may not have earned a bachelor’s or higher degree or completed a financial planning development capstone course. ● Examination – Pass the comprehensive CFP® Certification Examination. The examination is designed to assess an individual’s ability to integrate and apply a broad base of financial planning knowledge in the context of real-life financial planning situations. ● Experience – Complete 6,000 hours of professional experience related to the personal financial planning process, or 4,000 hours of apprenticeship experience that meets additional requirements. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 29  ● Ethics – Satisfy the Fitness Standards for Candidates for CFP® Certification and Former CFP® Professionals Seeking Reinstatement and agree to be bound by CFP Board’s Code of Ethics and Standards of Conduct (“Code and Standards”), which sets forth the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements to remain certified and maintain the right to continue to use the CFP Board Certification Marks: ● Ethics – Commit to complying with CFP Board’s Code and Standards. This includes a commitment to CFP Board, as part of the certification, to act as a fiduciary, and therefore, act in the best interests of the client, at all times when providing financial advice and financial planning. CFP Board may sanction a CFP® professional who does not abide by this commitment, but CFP Board does not guarantee a CFP® professional's services. A client who seeks a similar commitment should obtain a written engagement that includes a fiduciary obligation to the client. ● Continuing Education – Complete 30 hours of continuing education every two years to maintain competence, demonstrate specified levels of knowledge, skills, and abilities, and keep up with developments in financial planning. Two of the hours must address the Code and Standards. Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mrs. Valentine. Mrs. Valentine has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mrs. Valentine. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mrs. Valentine. However, we do encourage you to independently view the background of Mrs. Valentine on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 7221100. Item 4 – Other Business Activities Broker-Dealer Affiliation Mrs. Valentine is also a registered representative of LPL Financial, LLC (“LPL Financial”). LPL Financial is a registered broker-dealer (CRD# 6413), member FINRA, SIPC. In Mrs. Valentine’s separate capacity as a registered representative, Mrs. Valentine will receive commissions for the implementation of recommendations for commissionable transactions. Clients are not obligated to implement any recommendation provided by Mrs. Valentine. Neither the Advisor nor Mrs. Valentine will earn ongoing investment advisory fees in connection with any products or services implemented in Mrs. Valentine’s separate capacity as a registered representative. Mrs. Valentine spends approximately 10% of her time per month in her role as a registered representative of LPL Financial. Insurance Agency Affiliations Mrs. Valentine is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mrs. Valentine’s role with Kropog Financial. As an insurance professional, Mrs. Valentine will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mrs. Valentine is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mrs. Valentine or the Advisor. Mrs. Valentine spends approximately 0% of her time per month in this capacity. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 30  Item 5 – Additional Compensation Mrs. Valentine has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mrs. Valentine serves as a Financial Advisor of Kropog Financial and is supervised by Calvin Foster-Billiot, the Chief Compliance Officer. Mr. Foster-Billiot can be reached at 985-727-6724. Kropog Financial has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Kropog Financial. Further, Kropog Financial is subject to regulatory oversight by various agencies. These agencies require registration by Kropog Financial and its Supervised Persons. As a registered entity, Kropog Financial is subject to examinations by regulators, which may be announced or unannounced. Kropog Financial is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 31  Form ADV Part 2B – Brochure Supplement for James J. Kropog Jr., CFP®, RICP® Emeritus and Licensed Admin Effective: April 13, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of James J. Kropog Jr., CFP®, RICP® (CRD# 1114321) in addition to the information contained in the Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”, CRD# 282747) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Kropog Financial Disclosure Brochure or this Brochure Supplement, please contact us at 985-727-6724. Additional information about Mr. Kropog is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 1114321. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 32  Item 2 – Educational Background and Business Experience James J. Kropog Jr., CFP®, RICP®, born in 1957, is dedicated to advising Clients of Kropog Financial as an Emeritus and Licensed Admin. Mr. Kropog earned his bachelor’s degree in business administration from the University of New Orleans in 1981. Additional information regarding Mr. Kropog’s employment history is included below. Employment History: Emeritus and Licensed Admin, Kropog Financial Group, LLC President and Chief Compliance Officer, Kropog Financial Group, LLC Registered Representative, LPL Financial LLC 05/2024 to Present 02/2011 to 05/2024 02/2004 to Present CERTIFIED FINANCIAL PLANNER® Professional I am certified for financial planning services in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Therefore, I may refer to myself as a CERTIFIED FINANCIAL PLANNER® professional or a CFP® professional, and I may use these and the other certification marks (the “CFP Board Certification Marks”) that Certified Financial Planner Board of Standards Center for Financial Planning, Inc. has licensed to CFP Board in the United States. The CFP® certification is voluntary. No federal or state law or regulation requires financial planners to hold the CFP® certification. You may find more information about the CFP® certification at www.cfp.net. CFP® professionals have met CFP Board’s high standards for education, examination, experience, and ethics. To become a CFP® professional, an individual must fulfill the following requirements: ● Education – Earn a bachelor’s degree or higher from an accredited college or university and complete CFP Board-approved coursework at a college or university through a CFP Board Registered Program. The coursework covers the financial planning subject areas CFP Board has determined are necessary for the competent and professional delivery of financial planning services, as well as a comprehensive financial plan development capstone course. A candidate may satisfy some of the coursework requirement through other qualifying credentials. CFP Board implemented the bachelor’s degree or higher requirement in 2007 and the financial planning development capstone course requirement in March 2012. Therefore, a CFP® professional who first became certified before those dates may not have earned a bachelor’s or higher degree or completed a financial planning development capstone course. ● Examination – Pass the comprehensive CFP® Certification Examination. The examination is designed to assess an individual’s ability to integrate and apply a broad base of financial planning knowledge in the context of real-life financial planning situations. ● Experience – Complete 6,000 hours of professional experience related to the personal financial planning process, or 4,000 hours of apprenticeship experience that meets additional requirements. ● Ethics – Satisfy the Fitness Standards for Candidates for CFP® Certification and Former CFP® Professionals Seeking Reinstatement and agree to be bound by CFP Board’s Code of Ethics and Standards of Conduct (“Code and Standards”), which sets forth the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements to remain certified and maintain the right to continue to use the CFP Board Certification Marks: ● Ethics – Commit to complying with CFP Board’s Code and Standards. This includes a commitment to CFP Board, as part of the certification, to act as a fiduciary, and therefore, act in the best interests of the client, at all times when providing financial advice and financial planning. CFP Board may sanction a CFP® professional who does not abide by this commitment, but CFP Board does not guarantee a CFP® professional's services. A client who seeks a similar commitment should obtain a written engagement that includes a fiduciary obligation to the client. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 33  ● Continuing Education – Complete 30 hours of continuing education every two years to maintain competence, demonstrate specified levels of knowledge, skills, and abilities, and keep up with developments in financial planning. Two of the hours must address the Code and Standards. Retirement Income Certified Professional™ (“RICP®”) The RICP® designation teaches advisers techniques and best practices used to create sustainable streams of retirement income. The education covers retirement income planning, maximizing Social Security and other income sources, minimizing risks to the plan, and managing portfolios during the asset distribution phase. The designation includes three required, college-level courses that represent a total average study time of more than 150 hours. RICP® designees must meet experience, continuing education and ethics requirements. The credential is awarded by The American College, a non-profit educator with an 85-year heritage and the highest form of academic accreditation. Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Kropog. Mr. Kropog has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Kropog. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Kropog. However, we do encourage you to independently view the background of Mr. Kropog on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 1114321. Item 4 – Other Business Activities Broker-Dealer Affiliation Mr. Kropog is also a registered representative of LPL Financial LLC (“LPL Financial”). LPL Financial is a registered broker-dealer (CRD# 6413), member FINRA, SIPC. In Mr. Kropog’s separate capacity as a registered representative, Mr. Kropog will receive commissions for the implementation of recommendations for commissionable transactions. Clients are not obligated to implement any recommendation provided by Mr. Kropog. Neither the Advisor nor Mr. Kropog will earn ongoing investment advisory fees in connection with any products or services implemented in Mr. Kropog’s separate capacity as a registered representative. Mr. Kropog spends approximately 10% of his time per month in his role as a registered representative of LPL Financial. Insurance Agency Affiliations Mr. Kropog is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mr. Kropog’s role with Kropog Financial. As an insurance professional, Mr. Kropog will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mr. Kropog is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mr. Kropog or the Advisor. Mr. Kropog spends approximately 10% of his time per month in this capacity. Item 5 – Additional Compensation Mr. Kropog has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mr. Kropog serves as an Emeritus and Licensed Admin of Kropog Financial and is supervised by Calvin Foster-Billiot, the Chief Compliance Officer. Mr. Foster-Billiot can be reached at 985-727-6724. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 34  Kropog Financial has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Kropog Financial. Further, Kropog Financial is subject to regulatory oversight by various agencies. These agencies require registration by Kropog Financial and its Supervised Persons. As a registered entity, Kropog Financial is subject to examinations by regulators, which may be announced or unannounced. Kropog Financial is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 35  Privacy Policy Effective: April 13, 2026 Our Commitment to You Kropog Financial Group, LLC (“Kropog Financial” or the “Advisor”) is committed to safeguarding the use of personal information of our Clients (also referred to as “you” and “your”) that we obtain as your Investment Advisor, as described here in our Privacy Policy (“Policy”). Our relationship with you is our most important asset. We understand that you have entrusted us with your private information, and we do everything that we can to maintain that trust. Kropog Financial (also referred to as "we", "our" and "us”) protects the security and confidentiality of the personal information we have and implements controls to ensure that such information is used for proper business purposes in connection with the management or servicing of our relationship with you. Kropog Financial does not sell your non-public personal information to anyone. Nor do we provide such information to others except for discrete and reasonable business purposes in connection with the servicing and management of our relationship with you, as discussed below. Details of our approach to privacy and how your personal non-public information is collected and used are set forth in this Policy. Why you need to know? Registered Investment Advisors (“RIAs”) must share some of your personal information in the course of servicing your account. Federal and State laws give you the right to limit some of this sharing and require RIAs to disclose how we collect, share, and protect your personal information. What information do we collect from you? Driver’s license number Date of birth Social security or taxpayer identification number Assets and liabilities Name, address and phone number[s] Income and expenses E-mail address[es] Investment activity Account information (including other institutions) Investment experience and goals What Information do we collect from other sources? Custody, brokerage and advisory agreements Other advisory agreements and legal documents Transactional information with us or others Account applications and forms Investment questionnaires and suitability documents Other information needed to service account How do we protect your information? To safeguard your personal information from unauthorized access and use we maintain physical, procedural and electronic security measures. These include such safeguards as secure passwords, encrypted file storage and a secure office environment. Our technology vendors provide security and access control over personal information and have policies over the transmission of data. Our associates are trained on their responsibilities to protect Client’s personal information. We require third parties that assist in providing our services to you to protect the personal information they receive from us. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 36  How do we share your information? An RIA shares Client personal information to effectively implement its services. In the section below, we list some reasons we may share your personal information. Basis For Sharing Do we share? Can you limit? to: processing Yes No Servicing our Clients We may share non-public personal information with non-affiliated third parties (such as administrators, brokers, custodians, regulators, credit agencies, other financial institutions) as necessary for us to provide agreed upon services to you, consistent with applicable law, including but not limited transactions; general account maintenance; responding to regulators or legal investigations; and credit reporting. No Not Shared Yes Yes Kropog Financial shares Client information with LPL Financial LLC (“LPL”) due to the oversight LPL Financial has over Supervised Persons of the Advisor. You may also contact us at any time for a copy of the LPL Financial Privacy Policy. Marketing Purposes Kropog Financial does not disclose, and does not intend to disclose, personal information with non-affiliated third parties to offer you services. Certain laws may give us the right to share your personal information with financial institutions where you are a customer and where Kropog Financial or the client has a formal agreement with the financial institution. We will only share information for purposes of servicing your accounts, not for marketing purposes. Authorized Users Your non-public personal information may be disclosed to you and persons that we believe to be your authorized agent[s] or representative[s]. No Not Shared Information About Former Clients Kropog Financial does not disclose and does not intend to disclose, non- public personal information to non-affiliated third parties with respect to persons who are no longer our Clients. Changes to our Privacy Policy We will send you a copy of this Policy annually for as long as you maintain an ongoing relationship with us. Periodically we may revise this Policy and will provide you with a revised Policy if the changes materially alter the previous Privacy Policy. We will not, however, revise our Privacy Policy to permit the sharing of non-public personal information other than as described in this notice unless we first notify you and provide you with an opportunity to prevent the information sharing. Any Questions? You may ask questions or voice any concerns, as well as obtain a copy of our current Privacy Policy by contacting us at 985-727-6724. Kropog Financial Group, LLC 2895 Hwy 190, Suite 205, Mandeville, LA 70471 Phone: 985-727-6724 * Fax: 985-800-0124 www.kropogfinancial.com Page 37