OSAIC WEALTH, INC.

Form ADV Part 2A Current as of October 20, 2025 Osaic Wealth, Inc. © Osaic Wealth, Inc. • 18700 N. Hayden Rd., Suite 255 • Scottsdale, AZ 85255 • 800-552-3319• osaic.com This brochure provides information about the qualifications and business practices of Osaic Wealth, Inc. If you have any questions about the contents of this brochure, please contact us at (800) 821-5100. Osaic Wealth, Inc. is registered with the Securities and Exchange Commission (SEC) as a registered investment adviser. Registration does not imply any level of skill or training. The information in this brochure has not been approved or verified by the SEC or by any state securities authority. Additional information about Osaic Wealth, Inc. is also available on the SEC’s website at adviserinfo.sec.gov. You can search this site by a unique identifying number, known as a CRD number. The CRD number for the Firm is 23131. Osaic Wealth, Inc. IA Brochure – 2025.1 2 Current as of October 20, 2025  Item 2 - Material Changes This Item discusses only specific material changes that are made to this Brochure and provides clients with a summary of such changes. Osaic Wealth, Inc. filed its last annual amendment to its Form ADV Part 2A Brochure on March 31, 2025. Since then, the following changes have occurred: • • • • • • • • Item 4 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models Item 4 – Disclosure was added for Osaic CapitalHub – lending solution Item 5 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models Item 7 – The minimum investment for Vision2020 Wealth Management Platform – Advisor Management Portfolios Program was lowered to $5,500 Item 8 – Disclosure was added for Structured Exchange Traded Products Item 8 – Disclosure was added for Direct Indexing Item 9 –Disciplinary Disclosure was removed because it occurred over 10 years ago and is no longer material. Item 10 – Disclosure was added for a conflict for incentive to recommend an ETF the firm and affiliates receives economic benefit.  Item 3 - Table of Contents Item 2 Material Changes 2 Item 3 Table of Contents 3 Item 4 Advisory Business 4 Item 5 Fees and Compensation 17 Item 6 Performance-Based Fees and Side-By-Side Management 28 Item 7 Types of Clients 28 Item 8 Methods of Analysis, Investment Strategies and Risk of Loss 29 Item 9 Disciplinary Information 40 Item 10 Other Financial Industry Activities and Affiliations 42 Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 47 Item 12 Brokerage Practices 48 Item 13 Review of Accounts 49 Item 14 Client Referrals and Other Compensation 50 Item 15 Custody 53 Item 16 Investment Discretion 54 Item 17 Voting Client Securities 54 54 Item 18 Financial Information  Item 4 - Advisory Business Osaic Wealth, Inc. is registered as an investment adviser with the Securities and Exchange Commission (“SEC”), SEC File No. 801-54859, in order to offer investment advisory products and services to its advisory clients. Osaic Wealth, Inc. is also a member of the Financial Industry Regulatory Authority (“FINRA”) as a broker-dealer engaged in the offer and sale of securities products. Advisory products and services are offered through certain Financial Advisers (“FAs”) who have registered as Investment Adviser Representatives (“Advisory Representative”). Registration does not imply a certain level of skill or training. Osaic Wealth, Inc. is a subsidiary of Osaic, Inc., an indirect wholly-owned subsidiary of Osaic Holdings, Inc., which is indirectly owned primarily by a consortium of investors through RCP Artemis Co-Invest, L.P., an investment fund affiliated with Reverence Capital Partners LLC. RCP Artemis Co-Invest, L.P. is controlled by various other entities including RCP Artemis Co-Invest GP, LLC, RCP Opp Fund II GP, L.P., RCP Genpar L.P., RCP Genpar Holdco LLC, MRB ICBC LLC, and The Berliniski Family 2006 Trust. Osaic Wealth, Inc. the broker-dealer, will henceforth be referred to as “Osaic Wealth”. Osaic Wealth, Inc. the Registered Investment Adviser, will henceforth be referred to as “we”, “us”, “our” or the “Firm”. Certain Advisory Representatives provide advisory services and financial planning and consulting services under Sagemark Consulting, a marketing name used by the Firm. We have been an SEC Registered Investment Adviser since 1997 and manage, as of December 31, 2024, $132,170,113,462 of assets on a discretionary basis and $68,096,161,814 on a non-discretionary basis. Each of our Advisory Representatives is permitted to offer all or any combination of the advisory programs described below to our clients (“you” or “your”). Vision2020 Wealth Management Platform – Advisor Managed Portfolios Program The Wealth Management Platform – Advisor Managed Portfolios Program (“Advisor Managed Portfolios”) provides comprehensive investment management of your assets through the application of asset allocation planning software as well as the provision of execution, clearing and custodial services through Pershing, LLC (“Pershing”) or National Financial Services, Inc. (“NFS”). Advisor Managed Portfolios provides risk tolerance assessment, efficient frontier plotting, fund profiling and performance data, and portfolio optimization and re-balancing tools. Utilizing these tools and based on your responses to a risk tolerance questionnaire or other firm-approved means of establishing your risk tolerance, as well as discussions that you and your Advisory Representative have together regarding, among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation, your Advisory Representative constructs a portfolio of investments for you. Your Advisory Representative has the option to allocate your portfolio amongst a mix of stocks, bonds, options, exchange-traded funds, mutual funds and other securities (“Program Investments”) which are based on your investment goals, objectives, and risk tolerance. Each portfolio is designed to meet your individual needs, stated goals and objectives. Additionally, you can elect to place reasonable restrictions on the types of investments to be held in the portfolio. Restrictions can include requiring your Advisory Representative to avoid investing in certain industries, companies, securities, or types of securities. There is no additional charge for applying these types of restrictions to your Advisor Managed Portfolio. If you would like to impose reasonable restrictions on the management of your Advisor Managed Portfolio, or modify reasonable restrictions that you have previously imposed, please contact your Advisory Representative. Clients should expect that the performance of advisory accounts with restrictions will differ from, and may be lower than, the performance of advisory accounts without restrictions. In addition, the account’s risk profile, sector weights and other characteristics may differ from advisory accounts without restrictions. The Advisory Representatives and the Firm do not Osaic Wealth, Inc. IA Brochure – 2025.4 4 Current as of October 20, 2025  assume responsibility for investment restrictions that are imposed by the client or any non-client individual or entity, including clients’ employers, or that are not communicated in writing to and accepted by the Advisory Representatives. For further Advisor Managed Portfolios details, please see the Advisor Managed Portfolios Wrap Fee Program Brochure. We provide this brochure to you prior to, or concurrent with your enrollment in Advisor Managed Portfolios. Please read it thoroughly before investing. Vision2020 Wealth Management Platform – AP Schwab Advisor Managed Portfolios The Wealth Management Platform - AP Schwab Advisor Managed Portfolios Program (“AP Schwab Advisor Managed Portfolios Program”) provides comprehensive investment management of your assets through the application of asset allocation planning software as well as the provision of execution, clearing and custodial services through Charles Schwab & Co., Inc. (“Schwab”). This program contains accounts that were assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors, Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. AP Schwab Advisor Managed Portfolios provides risk tolerance assessment, efficient frontier plotting, fund profiling and performance data, and portfolio optimization and re-balancing tools. Utilizing these tools and based on your responses to a risk tolerance questionnaire or other means of establishing your risk tolerance, as well as discussions that you and your Advisory Representative have together regarding, among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation, your Advisory Representative constructs a portfolio of investments for you. Your Advisory Representative has the option to allocate your portfolio amongst a mix of stocks, bonds, options, exchange-traded funds, mutual funds and other securities (“Program Investments”) which are based on your investment goals, objectives, and risk tolerance. Each portfolio is designed to meet your individual needs, stated goals and objectives. Additionally, you can elect to place reasonable restrictions on the types of investments to be held in the portfolio. Restrictions can include requiring your Advisory Representative to avoid investing in certain industries, companies, securities, or types of securities. There is no additional charge for applying these types of restrictions to your Advisor Managed Portfolio. If you would like to impose reasonable restrictions on the management of your Advisor Managed Portfolio, or modify reasonable restrictions that you have previously imposed, please contact your Advisory Representative. Clients should expect that the performance of advisory accounts with restrictions will differ from, and may be lower than, the performance of advisory accounts without restrictions. In addition, the account’s risk profile, sector weights and other characteristics may differ from advisory accounts without restrictions. The Advisory Representatives and the Firm do not assume responsibility for investment restrictions that are imposed by the client or any non-client individual or entity, including clients’ employers, or that are not communicated in writing to and accepted by the Advisory Representatives. For further Advisor Managed Portfolios details, please see the AP Schwab Advisor Managed Portfolios Program Brochure. Vision2020 Wealth Management Platform - IWS Advisor Managed Portfolios The Wealth Management Platform - IWS Advisor Managed Portfolios Program (“IWS Advisor Managed Portfolios Program”) provides comprehensive investment management of your assets through the application of asset allocation planning software as well as the provision of execution, clearing and custodial services through Fidelity Institutional Wealth Services. This program contains accounts that were assigned to Osaic Wealth as the result of the merger of Osaic FA, Inc. into Osaic Wealth, Inc. in January 2025. This program is only being offered through certain Advisory Representatives that were previously registered with Osaic FA. IWS Advisor Managed Portfolios Program provides risk tolerance assessment, efficient frontier plotting, fund profiling and performance data, and portfolio optimization and re-balancing tools. Utilizing these tools and based on your responses to a risk tolerance questionnaire or other means of establishing your risk tolerance, as well as discussions that Osaic Wealth, Inc. IA Brochure – 2025.4 5 Current as of October 20, 2025  you and your Advisory Representative have together regarding, among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation, your Advisory Representative constructs a portfolio of investments for you. Your Advisory Representative has the option to allocate your portfolio amongst a mix of stocks, bonds, options, exchange-traded funds, mutual funds and other securities (“Program Investments”) which are based on your investment goals, objectives, and risk tolerance. Each portfolio is designed to meet your individual needs, stated goals and objectives. Additionally, you can elect to place reasonable restrictions on the types of investments to be held in the portfolio. Restrictions can include requiring your Advisory Representative to avoid investing in certain industries, companies, securities, or types of securities. There is no additional charge for applying these types of restrictions to your IWS Advisor Managed Portfolio. If you would like to impose reasonable restrictions on the management of your IWS Advisor Managed Portfolio, or modify reasonable restrictions that you have previously imposed, please contact your Advisory Representative. Clients should expect that the performance of advisory accounts with restrictions will differ from, and may be lower than, the performance of advisory accounts without restrictions. In addition, the account’s risk profile, sector weights and other characteristics may differ from advisory accounts without restrictions. The Advisory Representatives and the Firm do not assume responsibility for investment restrictions that are imposed by the client or any non-client individual or entity, including clients’ employers, or that are not communicated in writing to and accepted by the Advisory Representatives. For further IWS Advisor Managed Portfolios details, please see the IWS Advisor Managed Portfolios Program Brochure. Vision2020 Wealth Management Platform – Unified Managed Account Program The Wealth Management Platform – Unified Managed Account Program (“UMA”) provides you with the opportunity to invest your assets across multiple investment strategies and asset classes by implementing an asset allocation strategy. UMA is a Wrap Account program that offers these advisory services along with brokerage and custodial services for a single, annual, asset-based advisory fee. After you discuss your financial goals and objectives with your Advisory Representative, a recommendation to an asset allocation model (“UMA Model”) will be made to you which will consist of: 1. Investment strategies serviced and created by investment managers and/or your Advisory Representative that generally consist of a selection of mutual funds, exchange traded products, equities, and or bonds; 2. Mutual funds and ETFs (“Funds”); or 3. A combination of the preceding bundled together in an investment asset allocation model. Your Advisory Representative will recommend a UMA Model to you based on your responses to a risk tolerance questionnaire (or other means of establishing your risk tolerance) and discussion that your Advisory Representative and you have together regarding among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation. In addition, you can place reasonable restrictions on investments held within your UMA account. With your prior approval, your Advisory Representative can also allocate all or a portion of your assets in the UMA Program to one or more proprietary models created and managed by financial professionals who are associated with the Firm as Advisory Representatives (“Enterprise Strategist Models”). Except for initial allocations to Enterprise Strategist Models (if applicable), all recommendations in the UMA are made on a discretionary basis, which means your Advisory Representative can act without your prior approval. For further UMA details, please refer to The Wealth Management Platform – Unified Managed Account Wrap Fee Program Brochure. We provide this brochure to you prior to or concurrent with your enrollment in UMA. Please read it thoroughly before investing. Vision2020 Wealth Management Platform - AP Schwab Unified Managed Accounts The Wealth Management Platform - AP Schwab Unified Managed Accounts Program (“AP Schwab Unified Managed Accounts Program “) provides you with the opportunity to invest your assets across multiple investment strategies and Osaic Wealth, Inc. IA Brochure – 2025.4 6 Current as of October 20, 2025  asset classes by implementing an asset allocation strategy. AP Schwab Unified Managed Account Programs is a Wrap Account program that offers these advisory services along with brokerage and custodial services for a single, annual, asset-based advisory fee. This program contains accounts that were assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors, Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. After you discuss your financial goals and objectives with your Advisory Representative, a recommendation to an asset allocation model (“UMA Model”) will be made to you which will consist of: 1. Investment strategies serviced and created by investment managers and/or your Advisory Representative that generally consist of a selection of mutual funds, exchange traded products, equities, and or bonds; 2. Mutual funds and ETFs (“Funds”); or 3. A combination of the preceding bundled together in an investment asset allocation model. Your Advisory Representative will recommend a UMA Model to you based on your responses to a risk tolerance questionnaire (or other means of establishing your risk tolerance) and discussion that your Advisory Representative and you have together regarding among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation. In addition, you can place reasonable restrictions on investments held within your AP Schwab Unified Managed Accounts Program account. All recommendations in the AP Schwab Unified Managed Accounts Program are made on a discretionary basis, which means your Advisory Representative can act without your prior approval. For further UMA details, please refer to AP Schwab Unified Managed Accounts Program Wrap Fee Program Brochure. Vision2020 Wealth Management Platform - IWS Unified Managed Accounts The Wealth Management Platform - IWS Unified Managed Accounts Program (“IWS Unified Managed Accounts Program”) provides you with the opportunity to invest your assets across multiple investment strategies and asset classes by implementing an asset allocation strategy. IWS Unified Managed Account Programs is a Wrap Account program that offers these advisory services along with brokerage and custodial services for a single, annual, asset-based advisory fee. This program contains accounts that were assigned to Osaic Wealth as the result of the merger of Osaic FA, Inc. into Osaic Wealth, Inc. in January 2025. This program is only being offered through certain Advisory Representatives that were previously registered with Osaic FA. After you discuss your financial goals and objectives with your Advisory Representative, a recommendation to an asset allocation model (“UMA Model”) will be made to you which will consist of: 1. Investment strategies serviced and created by investment managers and/or your Advisory Representative that generally consist of a selection of mutual funds, exchange traded products, equities, and or bonds; 2. Mutual funds and ETFs (“Funds”); or 3. A combination of the preceding bundled together in an investment asset allocation model. Your Advisory Representative will recommend a UMA Model to you based on your responses to a risk tolerance questionnaire (or other means of establishing your risk tolerance) and discussion that your Advisory Representative and you have together regarding among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation. In addition, you can place reasonable restrictions on investments held within your Fidelity IWS Unified Managed Accounts Program account. All recommendations in the IWS Unified Managed Accounts Program are made on a discretionary basis, which means your Advisory Representative can act without your prior approval. For further UMA details, please refer to IWS Unified Managed Accounts Program Wrap Fee Program Brochure. Signator Managed Account Platform In November 2018, Signator Investors, Inc., was acquired by Osaic, Inc. and merged into Osaic Wealth, Inc. Signator Investors, Inc. was dually registered as a registered investment adviser with the SEC and as a broker-dealer with the FINRA. As a result of the acquisition, the Firm and Osaic Wealth have replaced Signator Investors, Inc. as the registered investment Osaic Wealth, Inc. IA Brochure – 2025.4 7 Current as of October 20, 2025  adviser and broker-dealer, respectively, on all Signator Managed Account Platform accounts transferred due to the acquisition. The Signator Managed Account Platform accounts (“Transferred Accounts”) are only available to clients who are already invested in them and they are not being offered to new clients or accounts. If you have assets in one of the Transferred Accounts, the Signator Managed Account Platform programs provide you with investment advisory and brokerage execution services for an all-inclusive fee through an arrangement with Envestnet Asset Management, Inc. (“Envestnet”), an unaffiliated SEC-registered investment advisor that provides investment management and investment advisory services. Envestnet’s technology has assessed and assisted your Advisory Representative in determining your risk tolerance. Based upon your risk tolerance, the Signator Managed Account Platform utilizes a system that assists your Advisory Representative in selecting investment products, investment managers, program account types and/or asset allocation that align(s) with your risk tolerance. Each of our Advisory Representatives negotiates his or her own account fee schedule. The account fees paid by client include portions paid to your Advisory Representative, as well as to the Firm, the custodian, and the Third-Party Money Managers selected. Advisory Fees are set independently regardless of manager selected. Mutual funds and ETFs invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). For complete fee details, please see the Signator Managed Account Platform program brochure. Plan Participant Retirement Program Through the Plan Participant Retirement Program, the Firm and Advisory Representative offer investment advisory services to participants with retirement plan account assets in an employer sponsored retirement plan (Plan). Under the Plan Participant Retirement Program, you elect to have your Advisory Representative manage your contributions to the Plan, any contributions by your employer or Plan sponsor on your behalf and any other additions to the Plan on behalf of or attributable to you (collectively, Plan Assets). Through your Advisory Representative, the Firm provides advice with respect to Plan Assets in your account only, including additions, substitutions and proceeds. The Firm is not responsible for the actions or non-actions of predecessor investment advisors, managing any assets other than the Plan Assets allocated to your account or the administration of the Plan. In managing your account, your Advisory Representative will, but is not required to, consider any other securities, cash or other investments owned by you. In this program, your Advisory Representative will provide investment management services utilizing the investment options available within your account. Your employer that sponsors your retirement plan is responsible for determining the investment options that are available within your plan account. You maintain the ability to impose reasonable restrictions on the management of your account, including the ability to instruct us to not purchase certain investments or securities. Your Advisory Representative will contact you at least annually to discuss any changes or updates regarding your financial situation, risk tolerance, investment objectives, investment time horizon or restrictions you may wish to impose on the account. At no time will the Firm act as custodian of the Plan or have direct access to the Plan’s funds and/or securities. The Plan’s custodian (as selected by the Plan Sponsor) maintains custody of all Plan Assets in your account and will process the orders for securities transactions in your account in its broker-dealer capacity as your Advisory Representative enters such orders. The client agreement can be terminated at any time for any reason; however, services will continue until either party gives written notice of termination to the other party. Closing the account causes the agreement to be terminated. Termination is effective upon receiving notice, although transactions in progress will be completed in the normal course of business. Terminating the agreement will not affect either party’s liabilities or obligations arising out of transactions initiated prior to termination or the provisions regarding arbitration, all of which will survive any expiration or termination of the agreement. Upon termination, you will have the exclusive responsibility to monitor the securities in your account, and we will have no further obligation to act or provide investment services with respect to those assets. If you terminate the agreement within 5 business days of signing it, you will receive a full refund of all fees and expenses. If the agreement is terminated more Osaic Wealth, Inc. IA Brochure – 2025.4 8 Current as of October 20, 2025  than 5 days after its execution, any prepaid, unearned management fees will be calculated and promptly refunded based upon the number of days remaining in the billing period after the termination date. Your employer that is sponsoring your retirement plan is responsible for negotiating and determining all fees, costs, and expenses associated with your retirement plan, including, but not limited to, transaction, trading, and execution fees, brokerage service charges, and custodial costs. Except for the Advisor Fee, your Advisor Representative does not or does not help with negotiating or controlling any of the fees, costs, and expenses notated above. Please see your retirement plan account-opening documentation, including any related transaction, trading, execution, and brokerage service fee schedules, for additional information on applicable fees, costs, and expenses. Please also see the prospectuses and other disclosure documents for each of the investment options available within your retirement plan for information regarding the fees, costs, and expenses related to purchasing, holding, and selling particular investment options, including, but not limited to, 12b-1 fees and other money market and mutual fund expenses. Third-Party Advisory Services The Firm can also offer you the services of various Third-Party Money Managers (“Third-Party Money Managers” or “TPMMs”) for the provision of certain investment advisory programs including mutual fund wrap and separately managed account programs. In doing so, we act in a “co-advisory” or, in certain circumstances, “promoter” capacity. Osaic Wealth does not serve as broker-dealer for your Third-Party Money Manager account except for certain Morningstar Investment Services accounts detailed below. When acting in a co-advisory capacity, the Firm and the Third-Party Money Manager are jointly responsible for the ongoing management of your account. In connection with this arrangement, your Advisory Representative will provide assistance in the selection and ongoing monitoring of a particular Third-Party Money Manager. Factors we consider in the selection of a particular Third-Party Money Manager include, but are not limited to: 1. our assessment of a particular Third-Party Money Manager; 2. your risk tolerance, goals, objectives and restrictions, as well as investment experience; and 3. the assets you have available for investment. The Firm’s role in these relationships is limited as one that monitors Third-Party Money Managers’ investment strategies generally as part of its initial and annual diligence of Third-Party Money Managers. In this case, the Firm does not exercise discretion in selecting, holding or selling portfolio investments. Third-Party Money Managers have differing minimum account requirements and a variety of fee ranges. Each manager’s advisory services, fees and expenses, program termination and other information are set forth in their disclosure brochures, client agreements, account opening documents and applicable fund prospectuses. The fees charged by Third-Party Money Managers who offer their programs directly to you may be more or less than the combined fees charged by the Third-Party Money Manager and us for our participation in the investment programs. Your Advisory Representative will assist you in opening an account and, when doing so, you will execute an agreement directly with the selected TPMM. Most TPMMs assume limited discretionary authority over your account, meaning that the selected TPMM has the authority to purchase and sell securities in your account without contacting you or your Advisory Representative first. Some TPMMs may allow you to impose restrictions on investing in specified securities or types of securities. In addition to the advisory relationship that you will have with these Third-Party Money Managers, you will also enter into an advisory relationship with us by signing our client agreement. If you are interested in learning more about these services, please note that a complete description of the programs, services, fees, payment structure and termination features are available via the applicable Third-Party Money Manager’s disclosure brochures, investment advisory contracts, and account opening documents. You should know that the services provided by us through the use of Third- Party Money Managers are under certain conditions directly offered by them to you. Not all TPMMs are open to all Advisory Representatives, as some are available on a limited basis, for the most part, as the result of transitions and our Firm’s growth. Your Advisory Representative can also act purely in a promoter capacity when referring you to a TPMM. When acting as a promoter for the TPMM program, the Firm and your Advisory Representative do not provide advisory services in relation to the TPMM program. Instead, your Advisory Representative will assist you in selecting one or more TPMM programs. Osaic Wealth, Inc. IA Brochure – 2025.4 9 Current as of October 20, 2025  The TPMM will be responsible for assessing the suitability of their investment recommendations against your risk profile. Your Advisory Representative is compensated for referring you to the TPMM program. This compensation generally takes the form of the TPMM sharing a percentage of the advisory fee you pay to the TPMM. When we act as a promoter for a TPMM program, you will receive a written promoter disclosure statement describing the nature of our relationship with the TPMM program, if any; the terms of our compensation arrangement with the TPMM program, including a description of the compensation that we will receive for referring you to the TPMM program. Please consult the applicable Third-Party Money Manager’s agreement for further information. The Firm also offers clients access to the SEI Investments Management Corporation (“SEI”) Mutual Fund Asset Allocation Program. This program offers clients access to actively managed asset allocation portfolios comprised exclusively of no- load mutual funds advised by SIMC (“SEI Funds”). The asset allocation portfolios are constructed and maintained by SIMC based on its capital market assumptions and other criteria SIMC, in its sole discretion, determines is relevant. The Advisory Representatives assist clients in selecting a specific asset allocation portfolio that is appropriate for the client based on information the client supplies in response to an investment questionnaire. The client directs the Advisory Representative to instruct SEI to purchase and sell SEI Funds pursuant to the asset allocation portfolio and rebalancing parameters selected by the client. In this program, SEI does not serve in a co-adviser or promoter capacity, the Firm serves as the sole investment adviser to your account. The amount of compensation received by the Firm and your Advisory Representative from a particular TPMM could be higher than the compensation received from another TPMM. This is because compensation structures vary by product type as well as TPMM programs provided. This results in a conflict of interest because your Advisory Representative has a financial incentive to recommend one TPMM program over another in order to receive greater compensation. There may be other suitable TPMM programs that may be more or less costly. If you would like additional information on costs of TPMM programs chosen for you, please discuss with your Advisory Representative. Trading by Third-Party Money Managers sometimes trigger wash sale rule implications. A wash sale occurs when a security is sold at a loss and then the same or substantially identical security is repurchased within a short time period. The Third- Party Money Manager cannot necessarily manage accounts in a manner to avoid wash sale implications. You are encouraged to consult with a tax advisor to discuss any tax implications involving your portfolios in these and in all advisory programs. Schwab Managed Account Marketplace The Firm has an agreement with Charles Schwab & Co., Inc. (“Schwab”) that allows certain Advisory Representatives to utilize the Schwab Managed Account Marketplace (“Marketplace”) to find an appropriate TPMM for clients. If a TPMM is recommended to the client through the program, we will assist in gathering information pertaining to the client’s financial situation, investment objectives, and reasonable restrictions to be imposed upon the management of the account. Clients should refer to the Marketplace agreement and the TPMM’s disclosure documents for more information. This service applies to certain accounts assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors, Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. Ladenburg Thalmann Asset Management Inc. - Investment Consultant Services Program The Firm allows our Advisory Representatives to offer the Ladenburg Thalmann Asset Management Inc. (LTAM) sponsored Investment Consultant Services (“ICS”) Program to clients. The program is co-advisory with LTAM and the Firm sharing advisory responsibilities. Osaic Wealth serves as broker-dealer for these accounts on the NFS and Pershing platforms. Through this program, the Firm and your Advisory Representative assists the client in selecting LTAM as a money manager and determining the client’s risk tolerance. LTAM will choose one or more managers available through the ICS program (“ICS Managers”), which may include LTAM, to provide discretionary management services for the client’s account. LTAM is affiliated with the Firm. Refer to Item 10, Other Financial Industry Activities and Affiliations, for additional information. A complete description of the programs, services, fees, payment structure and termination features are available via LTAM’s Form ADV 2A and/or applicable wrap fee brochures, investment advisory contracts, and account opening documents. Osaic Wealth, Inc. IA Brochure – 2025.4 10 Current as of October 20, 2025  Morningstar Investment Services, LLC The Firm has an agreement with Morningstar Investment Services, LLC (“Morningstar”) that allows its Advisory Representatives to offer the Morningstar Managed Portfolios Program as a TPMM to clients. Osaic Wealth serves as broker- dealer for certain Morningstar accounts that were transitioned from Signator Investors, Inc. In these instances, the Firm receives a fee of 10 basis points (.10%) for providing administrative services. Osaic Wealth does not serve as a broker- dealer for any new Morningstar accounts offered. Signature Investment Advisors, LLC The Firm has an agreement with Signature Investment Advisors, LLC (“SIA”) an unaffiliated Registered Investment Adviser. The agreement allows the Firm’s Advisory Representatives to offer the Signature Allocation Series to clients in a promoter capacity. As a promoter of SIA’s services, the Firm introduces potential advisory clients to SIA in exchange for a fee. The Firm receives a fee of up to 10 basis points (.10%) on client assets for referring clients to SIA. Financial Planning and Consulting Services The Firm offers financial planning and consulting services that are tailored to specific client needs. The scope of the services provided by the Advisory Representative varies and is determined during discussions between the client and the Advisory Representative and is documented in the financial planning or consulting agreement signed by the client prior to the services being provided. Financial planning and consulting services offered by the Firm range from comprehensive financial planning to consulting on specific topics, including, but not limited to, retirement planning, education planning, estate planning, risk management, business succession planning, and investment planning. If you receive comprehensive financial planning services through the Firm, your Advisory Representative will work with you to prepare a written financial plan that covers a review of your financial circumstances, financial goals and a written report of recommendations. The services to be provided with this offering will be documented in a Financial Planning and Consulting Services Agreement. The client remains solely responsible for determining whether or not to implement the recommendations provided by the Advisory Representative. Investment advisory services and any recommendations with respect to specific securities are provided under the Firm’s investment advisory program pursuant to a separate investment advisory agreement signed by the client. We are not qualified to, and do not render legal, tax or accounting advice or prepare any legal documents for you unless our Advisory Representative is duly licensed as an attorney or accountant in your state of residence. Your personal attorney will be solely responsible for providing legal advice, legal opinions, legal determinations and legal documents. Your personal tax adviser or accountant will be solely responsible for any tax or accounting services provided to you. If you receive financial planning or consulting services, and pursuant to a plan or consultation, you purchase securities or insurance products offered through us, your Advisory Representatives typically receive commissions as Registered Representatives of Osaic Wealth or insurance agents in connection with such transactions. Thus, in these circumstances Advisory Representatives will have a conflict of interest when providing these services because they will likely receive additional compensation if you choose to execute transactions through them in this capacity. The Advisory Representative and Osaic Wealth will also be additionally compensated if you choose to implement recommendations by retaining the Advisory Representative to provide other investment advisory products or services. You are under no obligation to purchase products or services recommended by us or our Advisory Representatives. Certain financial planning and consulting services are not available through all Advisory Representatives. Clients should contact their Advisory Representative for additional information on available services in the financial planning and consulting services offering. Seminars Our Advisory Representatives are permitted to hold investment-related seminars and/or educational events for existing clients, prospective clients, and the general investing public. The seminars feature general investment-related advice for educational purposes and can include both securities and non-securities topics. No specific individualized investment Osaic Wealth, Inc. IA Brochure – 2025.4 11 Current as of October 20, 2025  advice regarding investment objectives or investment related needs of the attendees, listeners, or audience is rendered during seminars. However, participants are free to schedule meetings with the Advisory Representative(s) in an effort to obtain personalized investment advice. Non-Discretionary Investment Advisory Services Our Non-Discretionary Investment Advisory Services (“Non-Discretionary Services”) are available on a one-time, ongoing, or periodic basis for one or more of the following Non-Discretionary Services. 1. Investment Portfolio Monitoring. We will monitor your portfolio(s) and provide investment advice on a non-discretionary basis to you through mail, phone or email communication. Investment advice is provided on any or all of the following: asset allocation, investment portfolio construction, investment selection, investment adviser retention or other services as agreed upon by both parties. 2. Review of Accounts. We will perform an annual review and consultation of your account. Such review and consultation typically contain advice regarding recommended changes to your investments and recommendations for implementation of proposed changes. Retirement Plan Consulting Services The Firm offers retirement consulting services to employee benefit plans (collectively, “Plans”) and their fiduciaries. The services are designed to assist the plan sponsor (the “Company”) in meeting its management and fiduciary obligations to the Plan under the Employee Retirement Income Security Act(“ERISA”). Retirement consulting services are provided pursuant to a retirement plan consulting services agreement, and will consist of general or specific advice, that includes services other than investment advisory services. Retirement plan consulting services include one or more of the following: 1. Plan Set Up: Your Advisory Representative will assist you with the initial set up of a new Plan on a record-keeping platform. 2. Plan Conversion: Your Advisory Representative will assist you with converting a Plan from an existing record-keeping platform to a new record-keeping platform. 3. Recommend and monitor investment options: Your Advisory Representative will assist you by periodically reviewing (at least annually) the investment options of the Plan’s investment menu and, when warranted, recommend possible change in investment option(s). 4. Plan Performance Review: Your Advisory Representative will assist you by conducting a periodic review (at least annually) to assist you with determining whether the terms of the Plan and the design are meeting your needs and those of the Plan’s participants. 5. Benchmarking of the platform, fees and services: Your Advisory Representative will assist you by periodically reviewing and benchmarking the Plan’s fees, services and investments. 6. Plan Compliance Review: Your Advisory Representative will conduct a periodic review (at least annually) of specific Plan items as determined by the Plan and advise the Plan whether it is operating in accordance with Plan documents and applicable provisions of ERISA as it relates to the specific items. 7. Participant Education Services: Your Advisory Representative will coordinate and/or conduct periodic investment, enrollment and/or retirement education meetings for Plan participants as determined by the Plan. 8. Self-Directed Brokerage Account (“SDBA”) Education: Your Advisory Representative will, to the extent directed by the Responsible Plan Fiduciary, conduct periodic employee investment education meetings with respect to implementing trades through the SDBA. Osaic Wealth, Inc. IA Brochure – 2025.4 12 Current as of October 20, 2025  There is opportunity for the Company to engage us to provide a review of executive benefits, for separate compensation. We will determine with the Company in advance the scope of services to be performed and the fees for all requested services. Prior to engaging us to provide consulting services, the Company will be required to enter into a written agreement with us setting forth the terms and conditions of the engagement, describing the scope of the services to be provided, and the relevant fees and fee-paying arrangements. The services outlined above that we provide are explained in more detail in the written agreement. We will also provide additional disclosures about our services and fees, where required by ERISA. When we perform the agreed upon services, we will not be required to verify the accuracy or consistency of any information received from the Company. We will serve in a non-discretionary ERISA fiduciary capacity with respect to some but not all of the services that we provide which will be further explained in the written agreement we sign with the Company. The Company is always free to seek independent advice about the appropriateness of any recommendations made by us. The agreement we sign with the Company includes the disclosures required of Advisory Representative under Section 408(b)(2) of ERISA, in particular, (i) the services to be provided by Advisory Representative,(ii) the extent to which Advisory Representative is acting as a fiduciary, (iii) the compensation to be received by Advisory Representative, and the manner of receipt of that compensation, and (iv) any fees payable on termination of the agreement. Advisory Representative receives no indirect compensation in respect of the services provided pursuant to the agreement. We retain a portion of the compensation described in the agreement for our services in connection with the agreement, the amount of which varies with our arrangement with each Advisory Representative. Pursuant to the agreement, Advisory Representative neither provides recordkeeping services nor makes available any designated investment alternative for the plan nor advises any investment contract, fund or entity in which the plan has a direct equity investment, and no disclosures under Section 408(b)(2) are thus required to be provided in respect of those matters. The Firm may serve as a “fiduciary” as that term is defined in Section 3(38) of ERISA, also an affiliate such as Ladenburg Thalmann may also act as a 3(38) Investment Manager in our stead. Our Fiduciary Acknowledgement When the Firm and your financial professional provide “investment advice” within the meaning of Title 1 of the Employee Retirement Income Security Act and/or the Internal Revenue Code (“Retirement Laws”) to you regarding your retirement plan account or individual retirement account (“Retirement Account(s)”), we are fiduciaries under the Retirement Laws with respect to such investment advice. The way we make money creates certain conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under these requirements, when providing certain investment recommendations, we must: • Meet a professional standard of care (give prudent advice); • Not put our financial interests ahead of yours; • Avoid misleading statements about our conflicts of interest, fees, and investments; • Follow policies and procedures designed to ensure that we give advice that is in your best interest; • Charge no more than what is reasonable for our services; and • Give you basic information about our conflicts of interest. Rollovers and Transfers from an Employer Sponsored Plan We may provide (1) general information and education to you about the factors to consider when deciding whether to move retirement assets to the Firm, or (2) a recommendation that you roll or transfer assets out of an employer sponsored plan to the Firm. If we provide you with a recommendation to roll assets out of an employer plan, you understand and agree that our analysis of the costs and services of your retirement plan, as compared to the costs and services the Firm provides, depends on the information you provide to us (or in certain circumstances, information we obtain from third parties about the plan (or similar types of plans)). You are responsible for updating us promptly if your investment objectives, risk tolerance, and financial circumstances change. Osaic Wealth, Inc. IA Brochure – 2025.4 13 Current as of October 20, 2025  Transfer of Individual Retirement Account (“IRA”) to IRA If your financial professional makes a recommendation that you move assets from an IRA at another financial institution to the Firm, he or she is required to consider, based on the information you provide, whether you will be giving up certain investment-related benefits at the other financial institution, such as the effects of breakpoints or rights of accumulation and has determined that the recommendation is in your best interest because (1) greater services and/or other benefits (including asset consolidation and holistic advice and planning) can be achieved with the Firm IRA; and (2) the costs associated with the Firm IRA are justified by these services and benefits. Limitations to our Acknowledgment of Fiduciary Status This acknowledgment of status under the Retirement Laws does not create or expand any “fiduciary” relationship, capacity or obligations of the Firm and your financial professional under any federal or state laws, other than the Retirement Laws. There are many communications and recommendations that are not considered to be fiduciary “investment advice” under the Retirement Laws (which are subject to change). For additional information please refer to our Fiduciary Acknowledgement available at osaic.com/disclosures. Our Material Conflicts of Interest Our material conflicts of interest are described in this brochure. Investment advisory, financial planning, or retirement service recommendations as described above may pose a conflict between the interests of the Firm and the interests of clients. For example, a recommendation to engage the Firm for investment advisory services or to increase the level of investment assets with the Firm, including through rollovers or other transfers of retirement plan accounts or IRAs, would pose a conflict, as it would increase the advisory fees paid to the Firm. You are not obligated to implement any recommendations made by the Firm or maintain an ongoing relationship with the Firm. If a client elects to act on any of the recommendations made by the Firm, the client is under no obligation to execute the transaction through the Firm. Certain of our Advisory Representatives, in addition to being investment adviser representatives of the Firm, may also be registered representatives of Osaic Wealth. We encourage you to review the Osaic Wealth, Inc. Broker-Dealer Firm Brochure located at osaic.com/disclosures which describes the material conflicts of interest associated with those brokerage services. Advisory Services vs. Brokerage Services In most cases, the total compensation that our Firm receives for providing investment advisory services is more than it receives for providing brokerage services. Also, the advisory fees you would pay to us in an investment advisory account do not decrease even when the level of investment trading activity in your advisory account is low. Both our Firm and our individual Advisory Representatives typically make more money if you choose an advisory account over a brokerage account with the Firm. Thus, we and your Advisory Representative have a financial incentive to encourage you to select an advisory account over a brokerage account with the Firm. Rollovers and Account Type Changes Regardless of the investments and services you select, the Firm will make more money if you roll over assets from a retirement plan or IRA for which we do not provide services, to a retirement plan or IRA for which we do provide services, whether the rollover is from (1) a plan to an IRA, (2) an IRA to an IRA, (3) a plan to another plan, or (4) an IRA to a plan (as those terms are described above). As noted above, Advisory Representatives are typically compensated in part based on the total advisory fee and commission revenues they generate for our Firm. Therefore, both our Firm and Advisory Representatives have financial incentives to recommend plan and/or IRA rollovers to plans and IRAs serviced by us. You are under no obligation, contractually or otherwise, to complete the rollover. Furthermore, if you do complete the rollover, you are under no obligation to have the assets in an IRA managed by us. Some of our Advisory Representatives are not licensed to provide brokerage services (i.e., through Osaic Wealth or otherwise) at all. Thus, our Firm and such Advisory Representatives often have additional incentives to recommend that clients roll over or transfer (or otherwise convert) brokerage accounts held at other financial institutions (which may be IRAs, retirement plan accounts or other types of brokerage accounts) to advisory accounts with our Firm. Osaic Wealth, Inc. IA Brochure – 2025.4 14 Current as of October 20, 2025  Other Services In addition to the retirement plan consulting services referenced above, some clients may be allowed to maintain current retirement plan consulting services that were previously offered. Please refer to the Retirement Plan Consulting Services Agreement for the initial service chosen for your account. Annuities We, through our Advisory Representatives, provide advice on the purchase and sale of annuities and provide discretionary or non-discretionary advisory services for asset allocations in annuity subaccounts or crediting strategies. Complete terms and conditions with respect to each annuity will be disclosed in the annuity company’s prospectus, other offering documents, and in the annuity contract. Please refer to the annuity’s prospectus, other offering documents, and in the annuity contract for additional information and full details related to internal expenses and fees of the annuity. Alternative Investments and CAIS The Firm has contracted with CAIS Capital, LLC and Capital Integration Systems LLC (collectively “CAIS”) and has granted Advisory Representatives access to the CAIS alternative investment platforms. CAIS and its affiliates conduct the initial and on-going due diligence (investment and operational) on private equity and hedge fund offerings available on their platform. The Firm relies on the due diligence provided by CAIS related to the offerings available on the platform. Only Firm-approved alternative investments are available on the CAIS platform. Our agreement with CAIS provides for a payment to us of up to 10 basis points (.10%) on the sale amount of alternative investment products sold through the CAIS platform to our clients. CAIS also pays a fee to attend our Firm’s conferences for our Advisory Representatives. Please note that with privately held alternatives valuations can lag a month or more and are received from the issuers’ or offerings’ third-party administrator. The fee billing calculation uses this data to calculate the Program Fee (as defined below in Item 5 Fees and Compensation). Please refer to Item 5 Fees and Compensation for additional information on fee calculation. Donor Advised Funds (“DAFs”) The Firm offers donor-advised-funds (“DAFs”), which are planned investment vehicles that can be sponsored by charitable organizations. In a DAF, you can make an irrevocable gift into an account owned by a charitable organization and can recommend distributions to charities of your choice thereafter. You have the option to request the Firm serve as the investment adviser on the account and pay the Firm an investment advisory fee based on assets in the DAF. In such case, the Advisory Representative has an incentive to advise a client to make a distribution directly to a DAF in lieu of a charity and advise against distributions from the DAF to eligible charities. This activity would reduce the amount of assets managed by the Firm and the Advisory Representative, creating a conflict of interest as these parties’ fees are based on a percentage of such assets. Lending Services Securities Backed Line of Credit (“SBLOC”) / Non-Purpose Loans The Firm offers you SBLOCs offered through participating third-party banks and our clearing brokers. SBLOCs are loans whereby an investor borrows against the assets in his or her investment portfolio without having to liquidate these securities. These loans require monthly interest-only payments, and the loan remains outstanding until it is re-paid. SBLOCs are non-purpose loans, which means the loan proceeds can be used for purposes other than to purchase or trade securities. An SBLOC allows you the opportunity to avoid potential capital gains taxes because you don’t have to liquidate securities for access to funds. You might also be able to continue to receive the benefits of your holdings, like dividends, interest and appreciation. However, as with virtually every financial product, SBLOCs have risks and downsides. For instance, if the value of the securities you pledge as collateral decreases, you may need to come up with extra money fast, or your positions could be liquidated. Osaic Wealth, Inc. IA Brochure – 2025.4 15 Current as of October 20, 2025  The Firm receives Third-Party compensation from participant banks and clearing brokers based on a markup on the interest in amounts of up to 175 basis points (1.75%) charged on the amount of the outstanding loans. For any SBLOCs through Schwab as custodian, the Firm will not receive compensation. The compensation varies depending on the participant bank or clearing broker that you select to provide your loan. This compensation is a conflict of interest because the Firm has a financial incentive for the client to select a lender that pays compensation to the Firm over one that does not, and an incentive for the client to maintain outstanding loans through the program. However, the Firm does not share this compensation with its Advisory Representatives. The Firm and its Advisory Representatives’ interests in continuing to receive investment advisory fees is an incentive to recommend that clients borrow money rather than liquidating some of their assets managed by the Firm, when it could be in a client’s best interest to sell such assets instead of using them as collateral for a loan. The Firm maintains policies and procedures to ensure recommendations made to you are in your best interest and in conjunction with the lack of compensation to your Advisory Representative, believes this mitigates any conflict to the Firm. Prior to establishing an SBLOC, you should carefully review the disclosure form provided by the Firm. Margin Loans As a broker-dealer, Osaic Wealth can arrange for its clearing brokers/custodian for your account to loan you money against the value of certain stocks, bonds and mutual funds that are held in your account at that clearing broker. That borrowed money is called a margin loan and can be used to purchase additional securities. Margin loans are not available in retirement or custodial accounts. There’s no set repayment schedule with a margin loan—monthly interest charges accrue to the account, and the borrower has the option to repay the principal at their convenience, subject to margin calls as discussed below. Margin loans can be profitable when securities in an account increase in value and the increase in value exceeds the interest you pay on the margin loan. However, the magnifying effect works the other way as well. The marginable investments in the portfolio provide the collateral for the margin loan. While the value of that collateral fluctuates according to the market, the amount borrowed stays the same. If the value of the margined securities decline to the point where they no longer meet the minimum equity requirements for the margin loan, there will be a margin call. When this happens, Osaic Wealth or its clearing brokers/custodian for your account will ask that more cash or marginable securities be deposited into the account to meet the minimum equity requirement or they may sell securities in the account as needed. Please remember: • Margin loans increase an account’s level of market risk; • Osaic Wealth or its clearing broker/custodian for your account may initiate the sale of any security in the account without contacting the account owner, to meet the margin call; and • Account owners are not entitled to an extension of time on a margin call. The Firm has a conflict of interest in recommending to you a margin loan through Pershing or NFS because Osaic Wealth (in its capacity as a broker-dealer) receives a markup on the interest charged on the loan. Such markups on margin interest range up to a maximum markup of 300 basis points (3.00%) above the clearing broker’s base lending rate. Your Advisory Representative is not compensated on margin loan balances and therefore does not have a conflict of interest in recommending the use of margin. Consequently, the Firm’s conflict of interest to you is mitigated since your Advisory Representative does not receive additional compensation for recommending to you the use of margin. The Firm maintains policies and procedures to ensure recommendations made to you are in your best interest and in conjunction with the lack of compensation to your Advisory Representative, believe this mitigates any conflict to Osaic Wealth. Please refer to your margin agreement for additional details regarding your margin loan. Please also refer to the Client Fee Disclosure - Pershing Clearing and Client Fee Disclosure - NFS Clearing located at osaic.com/disclosures to find additional details regarding your margin loan fees. Osaic CapitalHub The Firm offers a lending services platform, Osaic CapitalHub (“CapitalHub”), through a strategic relationship with Community Capital Technology (“CCT”), a third-party technology provider that operates a digital loan marketplace. CapitalHub is designed to provide the Firm’s Advisory Representatives with access to a network of participating lenders, Osaic Wealth, Inc. IA Brochure – 2025.4 16 Current as of October 20, 2025  including banks, credit unions, and financial institutions, for the benefit of their clients seeking debt capital. The funding and administration of all loans is undertaken by separate and unaffiliated financial institutions. Through the CapitalHub platform, Advisory Representatives of the Firm refer clients to CCT, which has formed partnerships with certain loan providers (“Partnered Lenders”) to offer loan terms based on information submitted through the platform. All lending terms, underwriting decisions, and loan agreements are solely the responsibility of the Partnered Lender and the Client. For its services and for making the CapitalHub platform available, the Firm is paid a referral fee based on the amount and conditions of loans provided to clients. This fee creates a conflict of interest because the Firm has a financial incentive to promote the use of CapitalHub to Advisory Representatives and to clients. Advisory Representatives do not receive a portion of this referral fee. In some cases, Advisory Representatives of the Firm are employees of, or provide advisory services on the premises of a Partnered Lender. Osaic maintains networking arrangements with financial institutions, like banks and credit unions, that allow certain financial institution employees and other Advisory Representatives to offer investment advisory services on the premises of the financial institutions. An Advisory Representative located on the premises of a Partnered Lender has a potential conflict of interest when the Advisory Representative encourages clients to obtain a loan through their employing institution. If your Advisory Representative is an employee of and/or provides services on the premises of a Partnered Lender, the Partnered Lender has a financial incentive for the Advisory Representative to favor loan offers provided by such Partnered Lender. Clients are under no obligation to use Capital Hub or any of its services and can seek financing options independently from other providers. Item 5 - Fees and Compensation Vision2020 Wealth Management Platform – Advisor Managed Portfolios Program We offer Advisor Managed Portfolios as an account where no separate transactions charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). We also offer Advisor Managed Portfolios with separate advisory fees and transaction charges (“Non-Wrap Account”). As such, in addition to the monthly or quarterly account fee described below for advisory services, you will also pay separate per-trade transaction charges. You will pay a monthly or quarterly account fee, in advance or arrears, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter or on the average daily value of your account of the preceding month or quarter. Your account fees are negotiable and will be debited from your account by our custodian. If you terminate your participation in this program, you will be entitled to a pro-rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. Mutual funds and ETFs invested in the account have their own internal fees which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the Fund, all or a portion of which are paid to the distributor(s) of the Funds. The Firm and your Advisory Representative do not retain 12b-1 fees paid by the Funds. In certain instances, there is an opportunity to be eligible to purchase certain mutual funds and ETFs without incurring transaction charges subject to certain conditions. For details, please refer to Item 4 (No Transaction Fee Programs) of the Advisor Managed Portfolios wrap fee brochure. For complete fee details, please see the Advisor Managed Portfolios Wrap Fee Program Brochure. Osaic Wealth, Inc. IA Brochure – 2025.4 17 Current as of October 20, 2025  Vision2020 Wealth Management Platform - AP Schwab Advisor Managed Portfolios AP Schwab Advisor Managed Portfolios exists as an account where no separate transactions charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). This program contains accounts that were assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors. Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. AP Schwab Advisor Managed Portfolios also exists with separate advisory fees and transaction charges (“Non-Wrap Account”). As such, in addition to the monthly or quarterly account fee described below for advisory services, you will also pay separate per-trade transaction charges. You will pay a monthly or quarterly account fee, in advance or arrears, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter or on the average daily value of your account of the preceding month or quarter. Your account fees are negotiable and will be debited from your account by Schwab. If you terminate your participation in this program, you will be entitled to a pro-rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. Mutual funds and ETFs invested in the account have their own internal fees which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the Fund, all or a portion of which are paid to the distributor(s) of the Funds. The Firm and your Advisory Representative do not retain 12b-1 fees paid by the Funds. In certain instances, there is an opportunity to be eligible to purchase certain mutual funds and ETFs without incurring transaction charges subject to certain conditions. For details, please refer to Item 4 (No Transaction Fee Programs) of the AP Schwab Advisor Managed Portfolios Wrap Fee Brochure. For complete fee details, please see the AP Schwab Advisor Managed Portfolios Wrap Fee Program Brochure. Vision2020 Wealth Management Platform - IWS Advisor Managed Portfolios IWS Advisor Managed Portfolios also exists with separate advisory fees and transaction charges (“Non-Wrap Account”). As such, in addition to the monthly or quarterly account fee described below for advisory services, you will also pay separate per-trade transaction charges. This program contains accounts that were assigned to Osaic Wealth as the result of the merger of Osaic FA, Inc. into Osaic Wealth, Inc. in January 2025. This program is only being offered through certain Advisory Representatives that were previously registered with Osaic FA. You will pay a monthly or quarterly account fee, in advance or arrears, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter or on the average daily value of your account of the preceding month or quarter. Your account fees are negotiable and will be debited from your account by Fidelity. If you terminate your participation in this program, you will be entitled to a pro-rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. Mutual funds and ETFs invested in the account have their own internal fees which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Osaic Wealth, Inc. IA Brochure – 2025.4 18 Current as of October 20, 2025  Some Fund fees include 12b-1 fees which are internal distribution fees assessed by the Fund, all or a portion of which are paid to the distributor(s) of the Funds. The Firm and your Advisory Representative do not retain 12b-1 fees paid by the Funds. In certain instances, there is an opportunity to be eligible to purchase certain mutual funds and ETFs without incurring transaction charges subject to certain conditions. For details, please refer to Item 4 (No Transaction Fee Programs) of the IWS Advisor Managed Portfolios Wrap Fee Program Brochure. For complete fee details, please see the IWS Advisor Managed Portfolios Wrap Fee Program Brochure. Vision2020 Wealth Management Platform – Unified Managed Account Program We offer UMA as an account where no separate transactions charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). You will pay a monthly or quarterly account fee, in advance, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter. Your account fees are negotiable and will be debited from your account by our custodian. If you terminate your participation in this program, you will be entitled to a pro-rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. The account fees paid by client include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the Third-Party Money Managers selected (“Program Fees”). Advisory Fees are set independently regardless of manager selected. Mutual funds and ETFs invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Since fees billed to your UMA account are comprised of both Program Fees and Advisory Fees, Advisory Representatives may have an incentive to select Third-Party money managers with lower Program Fees in order to manage the overall fee charged to you. You and your Advisory Representative should consider the overall fees and expenses, including internal fund expenses, when selecting managers and other portfolio investments. If your UMA assets are managed through an Enterprise Strategist Model, a portion of your Program Fees will be paid to Advisory Representatives who create and manage the Enterprise Strategist Model (“Enterprise Model Manager”) and who are also associated with the Firm. The portion of the Program Fee remitted to the Enterprise Model Manager for creating and managing the Enterprise Strategist Model is in addition to the Advisory Fee paid to your Advisory Representative for his or her advisory services. The Firm has a conflict of interest in making Enterprise Strategist Models available for inclusion in the UMA program because the Firm and its Advisory Representative(s) acting as Enterprise Model Managers will receive additional compensation if such Enterprise Model Manager is selected as an investment manager in the UMA program. An initial allocation to an Enterprise Strategist Model requires your prior approval. For complete fee details, please refer to The Wealth Management Platform – Unified Managed Account Wrap Fee Program Brochure. Vision2020 Wealth Management Platform - AP Schwab Unified Managed Accounts Program AP Schwab Unified Managed Accounts Program exists as an account where no separate transactions charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). This program is no longer open to new accounts. This program contains accounts that were assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors, Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. You will pay a monthly or quarterly account fee, in advance, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter. Your account fees are negotiable and will be debited from your account by Schwab. If you terminate your participation in this program, you will be entitled to a pro- Osaic Wealth, Inc. IA Brochure – 2025.4 19 Current as of October 20, 2025  rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. The account fees paid by client include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the Third-Party Money Managers selected (“Program Fees”). Advisory Fees are set independently regardless of manager selected. Mutual funds and ETFs invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Since fees billed to your UMA account are comprised of both Program Fees and Advisory Fees, Advisory Representatives may have an incentive to select Third-Party money managers with lower Program Fees in order to manage the overall fee charged to you. You and your Advisory Representative should consider the overall fees and expenses, including internal fund expenses, when selecting managers and other portfolio investments. For complete fee details, please refer to AP Schwab Unified Managed Accounts Program Fee Program Brochure. Vision2020 Wealth Management Platform - IWS Unified Managed Accounts Program IWS Unified Managed Accounts Program exists as an account where no separate transactions charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). This program contains accounts that were assigned to Osaic Wealth as the result of the merger of Osaic FA, Inc. into Osaic Wealth, Inc. in January 2025. This program is only being offered through certain Advisory Representatives that were previously registered with Osaic FA. You will pay a monthly or quarterly account fee, in advance or arrears, based upon the market value of the assets held in your account as of the last business day of the preceding calendar month or quarter. Your account fees are negotiable and will be debited from your account by Fidelity. If you terminate your participation in this program, you will be entitled to a pro- rata refund of any prepaid monthly or quarterly fees based upon the number of days remaining in the month or quarter after the date upon which the notice of termination is received. Each of our Advisory Representatives negotiates his or her own account fee schedule. The account fees paid by client include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the Third-Party Money Managers selected (“Program Fees”). Advisory Fees are set independently regardless of manager selected. Mutual funds and ETFs invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Since fees billed to your UMA account are comprised of both Program Fees and Advisory Fees, Advisory Representatives may have an incentive to select Third-Party money managers with lower Program Fees in order to manage the overall fee charged to you. You and your Advisory Representative should consider the overall fees and expenses, including internal fund expenses, when selecting managers and other portfolio investments. For complete fee details, please refer to IWS Unified Managed Accounts Program Fee Program Brochure. Signator Managed Account Platform As noted in Item 4, the Signator Managed Account Platform programs are not offered to new accounts and consists solely of the Transferred Accounts. The Signator Managed Account Platform programs have accounts where no separate transaction charges apply and a single fee is paid for all advisory services and transactions (“Wrap Account”). If you have assets in the Signator Managed Account Platform program as one of the Transferred Accounts, you will pay a quarterly account fee based upon the market value of the assets held in your account. Your account fees will be debited from your account by our custodian. If you terminate your participation in this program, you will be entitled to a pro rata refund of any prepaid quarterly fees based upon the number of days remaining in the quarter after the date upon which the notice of termination is received. The account fees paid by you include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the investment managers selected (“Program fees”). Mutual funds and ETFs invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). For complete fee details, please refer to the Signator Managed Account Platform Wrap Fee Program Brochure. Osaic Wealth, Inc. IA Brochure – 2025.4 20 Current as of October 20, 2025  Plan Participant Retirement Program Under the Plan Participant Retirement Program, you pay management fees to the Firm and your Advisory Representative pursuant to the provisions of a client fee schedule, with a maximum 3% annual fee charged. Fees are paid as either a fixed percentage fee on the total assets in your account or a tiered fee schedule where the percentage-based fee is lowered as assets in your accounts increase. The exact fee charged or fee schedule used is disclosed prior to services being provided. Fees are negotiated based on the complexity of your financial situation, the investment services to be provided, the experience and standard fees charged by your Advisory Representative and the nature and total dollar value of the Plan Assets maintained in your account. The management fee covers only the investment management services provided by us and does not include brokerage commissions or other costs associated with the purchase and sale of securities, custodial fees, interest, taxes or other account expenses. Third-Party Advisory Services Compensation in connection with Third-Party Advisory Services generally consists of five elements: i) management fees paid to Third-Party Money Managers; ii) management fees paid to us as outlined in the client agreement that you sign with us; iii) transaction costs – if applicable – which are charged when purchasing and selling such securities; iv) custody fees; v) revenue sharing paid to the Firm. Your account will be held with the Third-Party Advisory Service custodian where your fees will be assessed and deducted. Similar investment strategies offered through the Third-Party Advisory Services program can be offered by more than one provider, including other TPMMs, as well as through other advisory programs offered through the Firm and its affiliates. You should be aware that lower fees for comparable services may be available from other sources. The account fees paid by client include portions paid to your Advisory Representative (“Advisory Fees”), as well as to the Firm, the custodian, and the Third-Party Money Managers selected (“Program Fees”). Mutual funds, exchange traded funds and other pooled investment vehicles invested in the account also have their own internal fees (“internal fund expenses”) which are separate and distinct from the program account fees (for more information on these fees, see the applicable fund prospectus). Since fees billed to your account for Third-Party Advisory Services are typically comprised of both Program Fees and Advisory Fees, Advisory Representatives may have an incentive to select third-party advisory services with lower platform Program Fees in order to manage the overall fee charged to you. You and your Advisory Representative should consider the overall fees and expenses, including internal fund expenses, when selecting managers and other portfolio investments. For further details, please see the applicable Third-Party Money Manager’s disclosure brochures, investment advisory contracts and account opening documents. Each of our Advisory Representatives negotiates his or her own management fee schedule; however, management fees charged by the Third-Party Advisory Service in connection with their services are not negotiable. Osaic Wealth maintains certain revenue sharing arrangements with certain Third-Party Advisory Services and product Schwab Managed Account Marketplace sponsors (please refer to Item 14, Other Compensation). For Marketplace accounts, Schwab will charge clients the management fee of the TPMM chosen to manage Marketplace Account assets, which will vary across eligible TPMMs. Clients will additionally choose to pay Schwab asset-based transaction fees (“ABP”) based on account assets, or clients will choose to pay Schwab transaction-based fees (“TBP”) for each transaction. All such transaction charges are retained by Schwab and are not shared with the Firm. The schedule for these TBP or ABP charges are detailed in a separate Schwab Marketplace Agreement. Additional services and costs, including but not limited to wire transfer fees and markups/markdowns on fixed income securities, may be billed separately by Schwab. These details are provided in the Schwab Marketplace or Schwab Account Agreement and other supplemental documents provided by the Advisory Representative and Schwab. This service applies to certain accounts assigned to Osaic Wealth as the result of the merger of American Portfolios Advisors, Inc. into Osaic Wealth in October 2024. It is not open to new accounts and not offered to any new clients. Osaic Wealth, Inc. IA Brochure – 2025.4 21 Current as of October 20, 2025  Financial Planning and Consulting Services Financial planning and consulting services are charged either on an hourly fee, fixed fee, or a combination thereof, subject to the maximum limits as described below and as agreed upon between you and your Advisory Representative. Fees are negotiable and will vary depending upon the complexity of your situation and services to be provided and may be higher than the fee schedule described below. The exact fees to be charged for the financial plan or consultation will be specifically listed, by the Advisory Representative, in the financial planning or consulting agreement, which is presented to you for your signature before the financial planning/consulting process begins. Similar financial planning and consulting services may be available elsewhere at a lower cost to you. • Fixed or flat fees for financial planning and consulting services generally range up to $25,000, depending on the nature and complexity of your circumstances. The fixed fee can be paid up front, in full or through periodic installments as specified in your agreement. • Hourly fees will generally range from $50 - $750 per hour, not exceeding $25,000 in total fees depending on the nature and complexity of your circumstances. Hourly fees for financial planning or consulting services will be billed to you after the services are performed and are due upon receipt of the bill. In some cases, financial planning and consulting fees will exceed the above stated maximums based on the complexity of the engagement in accordance with the Firm’s policies and procedures. Seminars Financial Planning Seminars are provided at either no cost or for a fee charged to participants or to a sponsoring entity, such as an employer of seminar attendees. If fees are charged to participants, all fees and payment provisions are fully disclosed prior to the seminar being presented. Non-Discretionary Investment Advisory Services Fees will be based on several factors. These include time and labor, complexity of the services provided, and special circumstances involved. Each of our Advisory Representatives negotiates their own fee schedule based on the fee schedules outlined below. • Fixed Fee – A fixed fee will range from $500 - $15,000, depending on the nature and complexity of each Client’s circumstances. • Hourly Fee – An hourly fee will range from $50 - $750 per hour, depending on the nature and complexity of each Client’s circumstances. An estimate for total hours will be determined at the start of the advisory relationship. When you receive Non-Discretionary Services, other services are available through Osaic Wealth, such as securities and insurance products. Our Advisory Representatives receive commissions as Registered Representatives of Osaic Wealth or insurance agents in connection with such transactions. Thus, there is a conflict of interest when providing these services to you as there is an incentive for us to recommend specific courses of action through our Non-Discretionary Services that lead to our Advisory Representatives receiving additional compensation. Please be aware that you are under no obligation to purchase products or services recommended by us or members of our Firm in connection with our providing you with Non-Discretionary Services, or any advisory service that we offer. Retirement Plan Consulting Services Each of our Advisory Representatives will determine whether to bill the Company for Retirement Plan Consulting Services at a pre-determined hourly rate, a fixed fee, basis points based upon a percentage of Plan assets, or a combination thereof. Fees will be billed quarterly in advance or in arrears. In special circumstances other fee-paying arrangements can be negotiated. The terms referenced above will be disclosed in the client agreement we sign with the Company. The client agreement may be terminated by us or the Company at any time upon 30 days’ prior written notice. Upon termination, we will deliver a final billing statement for unbilled work performed prior to termination, and the Company Osaic Wealth, Inc. IA Brochure – 2025.4 22 Current as of October 20, 2025  will have a period of 30 days within which to deliver payment. If we bill the Company in advance, our fee will be credited back to the Company on a pro-rata basis for the unused portion of the billing period. When we calculate the credit, we will subtract any unbilled work we performed for the Company prior to termination. Each of our Advisory Representatives negotiates their own fee schedule based on the fee schedules outlined below: • Fixed Fee: Based on the scope of services agreed upon in engagement, reasonable in light of geographical location, complexity of engagement, size of Plan, and other relevant factors. Range: $1,000 - $100,000 • Hourly Fee: Based on estimate of hours needed as provided in engagement (Company must approve in writing hours above original engagement); reasonable in light of geographical location, complexity of engagement, size of Plan, and other relevant factors. Range: $50 - $300 per hour • Basis Points: Based on specific asset levels in a Plan at dates provided in the engagement, fees can range up to 125 basis points (1.25%). You should refer to your Retirement Plan Consulting Services agreement for more detailed information about advisory fees. Negotiation of Fees Fees are negotiated on a case-by-case basis, depending on a variety of factors, including the nature and complexity of the particular service, your relationship with us and our Advisory Representative, the size of the account, the potential for other business or clients, the amount of work anticipated, and the attention needed to manage your account. As a result of these and other factors, the sponsors of the advisory programs offered also set different limits on fees that are charged to you. Please note that the same or similar services to those described above may be available elsewhere to you at a lower cost. Additional Fees and Expenses Mutual fund investments in the programs that we offer are no-load or load at NAV. Certain mutual fund investments are subject to early redemption fees, 12b-1 fees and mutual fund management fees as well as other mutual fund expenses. These fees are in addition to the fees and expenses referenced above. Please review the mutual fund prospectus for full details. Osaic Wealth and your Advisory Representative do not retain 12b-1 fees paid by mutual funds. A surcharge is applied for certain mutual funds. For details, please refer to Item 4 of the Advisor Managed Portfolios wrap fee brochure. Variable annuity companies generally impose internal fees and expenses on your variable annuity investment, including contingent deferred sales charges and early redemption fees. In addition, variable annuity companies generally impose mortality charges. These fees are in addition to the fees and expenses referenced above. Complete details of such internal expenses are specified and disclosed in each variable annuity company’s prospectus. Please review the Variable Annuity prospectus for full details. There are additional fees relating to IRA and Qualified Retirement Plan accounts that you normally incur such as maintenance and termination fees. You will find these fees disclosed in the account application paperwork provided to you associated with these accounts. Advisory Representatives may receive commissions or other fees or compensation in relation to any investment or insurance product placed through or with Osaic Wealth as a broker-dealer outside your advisory account. Therefore, Advisory Representatives have a conflict of interest in recommending such products. Please be aware that you are under no obligation to purchase products or services recommended by us or members of our Firm in connection with providing you with any advisory service that we offer. Osaic Wealth, Inc. IA Brochure – 2025.4 23 Current as of October 20, 2025  Mutual funds generally offer multiple share classes available for investment based upon certain eligibility and/or purchase requirements. For instance, in addition to the more commonly offered retail share classes (typically, Class A, B and C shares), some mutual funds also offer institutional share classes and other share classes that are specifically designed for purchase in an account enrolled in fee-based investment advisory programs. Institutional share classes or classes of shares designed for purchase in an investment advisory program usually, but not always, have a lower expense ratio than other share classes. An investor who holds a more expensive share class of a fund will pay higher fees over time – and earn lower investment returns – than an investor who holds a less expensive share class of the same fund. Not all mutual funds and share classes offered to the investing public are available through our advisory programs for which a client might otherwise be eligible to purchase. The Firm and its Advisory Representatives have a financial incentive to recommend or select share classes that have higher expense ratios because such share classes generally result in higher compensation. The Firm has taken steps to minimize this conflict of interest by implementing additional training for Advisory Representatives, increasing the proportion of institutional share classes that are available on the platform. The Firm rebates Rule 12b-1 fees on both qualified and non-qualified client accounts custodied with NFS and Pershing. Clients should not assume that they will be invested in the share class with the lowest possible expense ratio. The Firm receives a structuring fee directly from issuers of structured products purchased in non-qualified advisory accounts to compensate the Firm for administrative and/or distribution related services. This fee will be up to 65 basis points (0.65%) of the principal amount of the trade for eligible account types. The amount and structure of the fee varies among issuers. This fee creates a conflict of interest because the Firm has a financial incentive to recommend or select structured products over other products that do not pay the Firm a similar fee. Your Advisory Representative does not receive any portion of the structuring fee. Finally, certain additional brokerage fees and custodian fees apply to your advisory accounts where Osaic Wealth is acting as the broker-dealer, for accounts that are custodied with Pershing or NFS. In some instances, we apply a markup to these fees. Depending on the custodial fee, it is applied annually, per transaction, per month or per CUSIP. Please refer to the Client Fee Disclosure - Pershing Clearing and Client Fee Disclosure - NFS Clearing located at osaic.com/disclosures to find additional details regarding custodial fees. For accounts where Osaic Wealth does not act as the broker-dealer, which include accounts custodied at Schwab and Fidelity, Schwab and Fidelity will apply brokerage fees and custodian fees. Pease refer to the disclosures provided by Schwab or Fidelity for the details. Osaic Wealth does not receive any portion of those fees. Wrap Accounts For Advisory Programs with wrap account pricing, the fee for transactions executed in your account is included in your monthly or quarterly account fee. As a result, in some cases the fees charged in a wrap account will be higher than that of a non-wrap account with separate advisory fees and transaction charges. Please consider that depending upon the level of the wrap fee charges, the amount of portfolio activity in the account, the value of services that are provided under the investment program, and other factors, the wrap fee may or may not exceed the aggregate cost of services if they were to be provided separately. Generally, wrap programs are relatively less expensive for actively traded accounts. However, the fees in a wrap account will be higher overall cost to a client than in a non-wrap, if the wrap account has low trading activity. The Firm has policies and procedures to monitor and reduce the risk of this occurring. Options for Assets Invested in Retirement Plan Account If you have an employer-sponsored retirement plan, you may have several choices as to what to do with your assets when you retire or change jobs. Generally, you might choose one of the following options: 1. Keep your assets in the employer’s plan (if allowed) 2. Rollover your assets into an individual retirement account, commonly referred to as an IRA 3. Rollover your assets to another employer-sponsored plan 4. Take a distribution in cash from the plan Osaic Wealth, Inc. IA Brochure – 2025.4 24 Current as of October 20, 2025  Your Advisory Representative has a financial incentive to recommend an IRA rollover because of the compensation he or she will receive when you transfer funds to an account on which the Advisory Representative will receive a fee from an employer-sponsored retirement plan or from another IRA. This conflict also pertains to situations where you are a participant in a plan where your Advisory Representative is a fiduciary. You should carefully discuss and weigh the advantages and disadvantages of each option with your Advisory Representative before making your decision. You should speak to your Advisory Representative to address any questions that a client or prospective client may have regarding its prospective engagement and the corresponding conflict of interest presented by such engagement. For additional information please refer to our Fiduciary Acknowledgement available at osaic.com/disclosures. Annuities Generally, for billing purposes, annuities held as part of any of the Advisor Managed Portfolios will be linked to an advisory account or another account you hold with the Firm from which advisory fees relating to the annuity will be debited. In certain cases, the annuity company will offer direct billing, where the advisory fees will be debited directly from the annuity contract. For further information on advisory billing on annuities, please contact your Advisory Representative. Sweep Program When your Program Account is maintained at one of our clearing firms, Pershing or NFS, your free credit balance will be automatically deposited or “swept” to a deposit account at one or more banks whose deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation (“FDIC”) (the “Sweep Program”). Under the Sweep Program, Osaic Wealth maintains two FDIC-insured deposit programs, the Bank Deposit Sweep Program (“BDSP”) and the Insured Cash Account Program (“ICAP”), that create financial benefits for Osaic Wealth as described below. For certain Program Account types, free credit balances are swept to a money market mutual fund product (the “Money Market Mutual Fund Program”). Please see the Disclosure Document, available from your Advisory Representative or from the website listed below, for full details about the Sweep Program. As set forth in the terms of your Customer Agreement with Osaic Wealth, you may remove your Program Account from participating in the Sweep Program by notifying your Advisory Representative. If you remove your Program Account from the Sweep Program, cash balances will be held by the clearing firm as a free credit balance. In addition, there are always alternatives for the short-term investment of cash balances, including non-sweep money market mutual funds, treasury bills, and brokered certificates of deposit, that offer higher returns than the sweep options made available to you. FDIC Insured Deposit Program (BDSP & ICAP) Eligible account types: all accounts except ERISA Title 1 accounts, 403(b)(7), & Keogh plans Free credit balances swept to a deposit account will earn interest that is compounded daily and credited to your Program Account monthly. Interest begins to accrue on the date of deposit with the banks participating in the program (“Program Banks”), through the business day preceding the date of withdrawal from the deposit account. The daily rate is 1/365 (or 1/366 in a leap year) of the posted interest rate. Bank Deposit Sweep Program - BDSP The Firm has established deposit levels or tiers which ordinarily pay different rates of interest depending on deposit balances. Generally, Program Accounts with higher deposit balances receive higher rates of interest than accounts with lower balances. The interest rate payable to you is determined by us and is based on the amounts paid by the Program Banks to obtain the deposits. The amount we retain, less a fee paid to our clearing agent and the third-party administrator, will not exceed 600 basis points (6.00%) per year (the “Maximum Program Fee”) on the average daily balances held in the BDSP. Interest paid on the deposit accounts will generally be lower than the rate of return on (i) other investment products that are not FDIC insured, such as money market mutual funds and (ii) on bank deposits offered outside of the BDSP. Osaic Wealth, Inc. IA Brochure – 2025.4 25 Current as of October 20, 2025  Your Advisory Representative does not receive any portion of the fees paid by the Program Banks. The income we earn from Program Banks based on your balances in BDSP will in almost all circumstances be substantially greater than the amount of interest you earn from the same balances. As such, we receive a substantially higher percentage of the interest generated by deposit balances in the BDSP than the interest credited to your accounts. When evaluating whether to utilize the Sweep Program and the extent to which our fee exceeds the interest rate you receive, you should assume that we are receiving the Maximum Program Fee described above. Insured Cash Account Program - ICAP The Firm will receive a monthly per-account fee for services it provides in connection with maintaining and administering the Sweep Program for IRAs held in an advisory/ fee-based account (the “Sweep Account Fee”). The Sweep Account Fee that each Osaic affiliated broker-dealer can earn from Program Accounts participating in ICAP is subject to a maximum monthly per account fee that is between $34.25 and $36.75. Please refer to the applicable Sweep Program Terms and Conditions document, which you can obtain from your Advisory Representative or from the website listed below; refer to “Disclosures,” then to the FDIC Insured Deposit Program used in your account (ICAP), for further details about the maximum monthly per account fee. The Sweep Account Fee does not depend on or vary with (and is not affected by) the actual amounts held in any particular account or your Program Account. Thus, our compensation for Program Accounts that participate in ICAP is composed solely of the Sweep Account Fee. The fee received may differ among each Program Bank. You will have no rights to the amounts paid by the Program Banks, except for interest actually credited to your account. The Sweep Account Fee will reduce the interest you are paid on the amount of assets in your Program Account. The Sweep Account Fee will generally be paid by the Program Banks on your Program Account’s behalf; however, the Fee or any portion thereof can be deducted directly from your Program Account if, for example, the amounts paid by the Program Banks are insufficient to cover the Sweep Account Fee. In the event that we debit all or a portion of the monthly account fee from your account, each such amount will be reflected on your account statement. The amount of fees received by Osaic Wealth, our clearing agent, and any other service provider reduces the interest you receive on your deposit account(s). Your Advisory Representative does not receive any portion of the fees paid by the Program Banks. Money Market Mutual Funds - Pershing Free credit balances in the following Program Account types custodied at Pershing will be automatically swept into the Federated Hermes Government Reserves Fund (GRFXX), which is managed by Federated Hermes Investors (“Federated Hermes”): • All ERISA Title 1 account types, including Profit Sharing Plans, 401(k), Roth 401(k), Simple 401(k), Individual 401(k), qualified deferred compensation plans, defined benefit plans, target benefit plans, and money purchase pension plans • 403(b)(7) accounts • Keogh plans The Federated Hermes Government Reserves Fund is a money market mutual fund and seeks to maintain a stable share price of $1.00. The Fund invests primarily in a portfolio of short-term U.S. Treasury and government securities. These investments include repurchase agreements collateralized fully by U.S. Treasury and government securities. The Fund uses repurchase agreements to provide a liquidity base for the portfolio and a potential yield advantage relative to other short-term securities. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Osaic Wealth does not receive any compensation from the Federated Hermes Government Reserves Fund. Osaic Wealth, Inc. IA Brochure – 2025.4 26 Current as of October 20, 2025  For additional information about the Sweep Program for accounts custodied at Pershing, please visit our website located at osaic.com/disclosures. Money Market Mutual Funds - NFS Free credit balances in the following Program Account types custodied at NFS will be automatically swept into either the Fidelity Government Cash Reserves Fund (FDRXX), or the Fidelity Government Money Market Fund – Capital Reserves Class (FZAXX) (“Fidelity Funds”), which are both managed by Fidelity Investments: • All ERISA Title 1 account types, including Profit Sharing Plans, 401(k), Roth 401(k), Simple 401(k), Individual 401(k), qualified deferred compensation plans, defined benefit plans, target benefit plans, and money purchase pension plans • 403(b)(7) accounts • Keogh plans The Fidelity Government Cash Reserves Fund and the Fidelity Government Money Market Fund are money market mutual funds and seek to maintain a stable share price of $1.00 per share. Both Fidelity Funds invest at least 99.5% of their total assets in cash, U.S. Government securities and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash or government securities). Both Fidelity Funds invests in U.S. Government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury. Although the Fidelity Funds seek to preserve the value of your investment at $1.00 per share, neither can guarantee they will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Osaic Wealth does not receive any compensation from Fidelity Funds. For additional information about the Sweep Program for accounts custodied at NFS, please visit our website located at osaic.com/disclosures. Accounts custodied at Schwab and Fidelity have an option to participate in Schwab and Fidelity sweep programs respectively. Please refer to the disclosures provided to you by Schwab or Fidelity, as applicable, for additional information about these programs. Osaic Wealth does not receive any compensation in connection with these programs. Material Conflicts of Interest Because the Sweep Program generates significant payments from third parties (i.e., the Program Banks that participate in BDSP and/or ICAP) to Osaic Wealth, a conflict of interest exists. A conflict of interest also arises because we earn more compensation from cash balances being swept to or maintained in the Sweep Program than if you purchase other investment funds or securities. The more client deposits held in BDSP, and the longer such deposits are held, the greater the compensation we, our clearing firms, and the third-party administrator receive. By investing through an advisory account, the compensation we receive from the BDSP or ICAP, as applicable, is in addition to the advisory fees that you pay. This means that we earn two layers of fees on the same cash balances in client advisory accounts with us. If we did not receive such compensation, which is in addition to advisory, transaction, servicing and other fees and compensation related to Program Accounts, such client fees (including advisory fees) would generally be higher. In addition, a conflict of interest arises as a result of the financial incentive for the Firm to recommend and offer a Sweep Program over which they have control of certain functions. Osaic Wealth has the ability to establish and change interest rates paid on Sweep Program balances, to select or change Program Banks that participate in the BDSP and ICAP, and to determine the tier levels (if applicable) at which interest rates are paid, all of which generates additional compensation for Osaic Wealth. The Advisory Representative who makes investment recommendations for your Program Account does not receive any compensation from these payments or based on the selection of the sweep vehicle. The Firm maintains policies and procedures to ensure recommendations made to you are in your best interest. For more information about this service and benefits that we receive in connection with such deposits, please refer to the Sweep Program terms and conditions document, which you can request from your Advisory Representative. Osaic Wealth, Inc. IA Brochure – 2025.4 27 Current as of October 20, 2025  Given the conflicts discussed above, each client should consider the importance of BDSP and ICAP to us when evaluating our total fees and compensation and deciding whether to utilize the BDSP and/or ICAP. Item 6 - Performance-Based Fees and Side- By-Side Management Neither the Firm nor our Advisory Representatives accept performance-based fees (i.e. fees based on a share of capital gains or capital appreciation of the assets of a client). Nor does the Firm engage in side-by-side management (i.e. managing accounts that are charged performance-based fees while at the same time managing accounts that are not charged performance-based fees). Item 7 - Types of Clients Our Advisory Representatives provide investment advisory services to: • Individuals (including high net worth individuals) • Banking or thrift institutions • Pension and profit-sharing plans • Trusts • Estates or charitable organizations • Corporations • State and municipal governmental entities • Other business entities Our minimum account size requirements for opening an account with us are as follows: Requirements Program $10,000 VISION2020 Wealth Management Platform – IWS Advisor Managed Program $10,000 VISION2020 Wealth Management Platform – IWS Unified Managed Account Program The program minimum for the Advisor Managed Portfolios Program Unified Managed Account Program is $5,500. VISION2020 Wealth Management Platform – Advisor Managed Portfolios Program The specific minimum varies according to the investment product selected. Osaic Wealth, Inc. IA Brochure – 2025.4 28 Current as of October 20, 2025  The program minimum for the Unified Managed Account Program is $5,500. VISION2020 Wealth Management Platform – Unified Managed Account Program The specific minimum varies according to the investment manager and asset allocation model selected. Third-Party Advisory Services Each Third-Party Advisory Service sets their own minimums. Financial Planning No minimum Consulting Services No minimum Non-Discretionary Investment Services No minimum No minimum Retirement Plan Consulting All account minimums may be waived at the sole discretion of the Program Sponsor. Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss Advisory Representatives rely on various types of tools and methods to assist in recommending or selecting investment strategies to you. As noted in Item 4, your Advisory Representative formulates an investment strategy based on discussions with you regarding, among other things, your personal investment objectives and goals, time horizon, risk tolerance, account restrictions, needs, personal circumstances and overall financial situation. Based on those discussions, a portfolio of investments is constructed for you. Investment returns are highly dependent on the value of underlying securities which are impacted by trends in the various investment markets. All investments carry a certain degree of risk and no one particular security, investment product, investment style or portfolio manager are suitable for all types of investors. Since the Firm and its Advisory Representatives recommend and offer a broad spectrum of investment products, programs and strategies, the methods of analysis and investment strategies recommended will vary based upon the Advisory Representative making the assessment and providing the advice. Under the Third-Party Advisory Services Program, each TPMM has its own methods of analysis, investment strategies and unique investment risks that should also be reviewed and considered. Methods of Analysis The Firm does not require our Advisory Representatives to implement a particular investment strategy or method of analysis which will vary based upon the individual Advisory Representative making the assessment and providing the advice. Some of the more common methods of analysis that are used are Fundamental and Technical analysis. Fundamental analysis is security analysis grounded in basic factors such as the financial condition and management of a company as well as overall economic and industry conditions which are used to predict the future value of an investment. The resulting data is used to measure the true value of the company’s stock compared to the current market value. Technical analysis is the practice of using statistics to determine trends in security prices and make or recommend investment decisions based on those trends. Technical analysis involves using chart patterns, momentum, volume, recurring price patterns, trends based upon business cycles and relative strength in an effort to identify patterns that suggest future activity. Your Advisory Representative or a Third-Party Money Manager can engage in a tactical strategy involving active trading. Tactical strategies can be risky, and your portfolio can be more volatile with shorter term fluctuations from more frequent trading. This type of strategy may not be appropriate for clients with a low risk tolerance. You should be prepared for Osaic Wealth, Inc. IA Brochure – 2025.4 29 Current as of October 20, 2025  higher volatility and may lose funds when you invest in securities. Active trading can result in tax consequences due to shorter-term purchases and sales. Consult your tax professional for advice. Clients should review a Third-Party Money Manager’s disclosure brochure before investing. Associated Risks Fundamental Analysis generally relies on, among other things, company earnings, balance sheet variables and management quality which are used to predict the future value of an investment. Data reviewed is generally considered reliable but cannot be guaranteed nor verified for its accuracy. In addition, the data reviewed is sometimes subjective in nature and open to interpretation. Even if the data and interpretation of the data is correct, there can be other factors that determine the value of securities other than those considered in Fundamental Analysis. Technical Analysis is based on statistics to determine trends in security prices and to make investment decisions based on those trends. This analysis is used to predict how an investment will perform short- term. In addition, this analysis does not take into account, the more fundamental properties of what an investment may be worth such as company performance and balance sheet variables which play a part in determining the value of an investment. When pursuing strategic long-term investing strategies, the general assumption is that the financial markets will go up in the long-term, which cannot be assured. There is also the risk that the segment of the market that you are invested in or perhaps just your particular investment will go down over time even if the overall financial markets advance. In addition, purchasing investments long-term creates an opportunity cost, “locking-up” assets that may be better utilized in the short-term in other investments. 1. General Investment Risks In addition to the personal risk considerations discussed above, the Firm believes it is important for you to understand the risks associated with each recommendation and investment type available. The following is a summary of some of the general risks associated with investing. Please note that this list is not all inclusive, and is provided as an indication of some of the factors that can impact the value of your investments. Business Risk This is the risk that the strength of the company you are buying a piece of ownership in (stock for example) or are loaning money to (a bond, for example) affects your potential returns. Your returns from the stock purchase or bond purchase are influenced by factors like the company going out of business, or going into bankruptcy, or having a viable and strong revenue stream from the products or services it sells that are not over-shadowed by expenses. If a company goes bankrupt and its assets are liquidated, common stockholders are the last in line to share in the proceeds. Call Risk This is the risk that your bond or other fixed-income investment will be called or purchased back from you when conditions are favorable to the product issuer and unfavorable to you. Concentration Risk This is the risk of loss because your money is concentrated in one investment or type of investment. When you diversify your investments, you spread the risk over different types of investments, industries and geographic locations. Credit Risk This is the risk that the government entity or company that issued the investment will run into financial difficulties and won’t be able to pay the interest or repay the principal at maturity. Credit risk applies to debt investments such as bonds. You can evaluate credit risk by looking at the credit rating of the bond or the issuer. For example, long-term U.S. government bonds currently have a credit rating of AAA, which indicates the lowest possible credit risk. Osaic Wealth, Inc. IA Brochure – 2025.4 30 Current as of October 20, 2025  Currency Risk This is the risk of losing money because of a movement in the exchange rate. For example, if the U.S. dollar becomes less valuable relative to the Canadian dollar, your U.S. stocks will be worth less in Canadian dollars. This applies when you own foreign investments. Cybersecurity Risk The Firm’s information and technology systems may be vulnerable to damage or interruption from computer viruses, network failures, computer and telecommunication failures, infiltration by unauthorized persons and security breaches, usage errors by its professionals, power outages and catastrophic events such as fires, tornados, floods, hurricanes and earthquakes. Although the Firm has implemented various measures to protect the confidentiality of its internal data and to manage risks relating to these types of events, if these systems are compromised, become inoperable for extended periods of time or cease to function properly, the Firm will likely have to make a significant investment to fix or replace them. The failure of these systems and/or of disaster recovery plans for any reason could cause significant interruptions in the Firm’s operations and result in a failure to maintain the security, confidentiality or privacy of sensitive data, including personal information relating to clients. Such a failure could harm the Firm’s reputation or subject it or its affiliates to legal claims and otherwise affect their business and financial performance. The Firm will seek to notify affected clients of any known cybersecurity incident that will likely pose substantial risk of exposing confidential personal data about such clients to unintended parties. Default Risk This is the risk that a bond or other fixed-income investment issuer is unable to pay the contractual interest or principal on the product in a timely manner or at all. Risk of Environmental, Social and Governance Investing (“ESG”), Socially Responsible Investing (SRI) and Other Forms of Sustainable, Responsible, Impact and Religion-based Investing The risk that another party disagrees on differences in interpretations of what it means for a company to be an environmental and/or social impact investment. There are significant differences in interpretations of what it means for a company to be an environmental and/or social impact investment. There is a risk that issuers self-label an issuance Green (or Social, Sustainable, or any other type of impact-related adjective) without adhering to the Green Bond Principles, Social Bond Principles, Sustainability Bond Guidelines, or other commonly followed market guidance. There exists no binding third-party authority to certify all Green, Social, Sustainable, or other labeled issuance at this time. There is a similar risk when a third-party money manager or a portfolio manager labels their strategy as ESG, SRI or based on religious principles. ESG and SRI Government Funding/Subsidy Risk The risk that the success of certain environmental and social impact investments depends on government funding, tax credits, or other public or private sector subsidies, which are not guaranteed over the life of the investment. ESG/SRI/Impact Investment Return Risk The risk that environmental and/or social impact investments do not provide as favorable returns or protection of capital as other investments or are more concentrated in certain sectors than investments that do not have the intention of generating measurable social and environmental impact. This could cause ESG securities to generate lower returns than non-ESG securities. Osaic Wealth, Inc. IA Brochure – 2025.4 31 Current as of October 20, 2025  ESG/SRI/Impact Investment Selection Return Risk The risk that there are lower financial returns as a result of taking into account the potential environmental and/or social impact when making decisions regarding the selection, management and disposal of investments, which means that a portfolio containing only such securities will generate lower returns than a portfolio of securities selected without regard to ESG/SRI/Impact investing criteria. Financial Risk This is the risk that the companies you invest in will perform poorly, which affect the price of your investment. You can’t eliminate financial risk; however, you may be able to minimize the impact through diversification. Foreign Investment Risk This is the risk of loss when investing in foreign countries. When you buy foreign investments, such as shares of companies in emerging markets, you face risks that do not exist in the United States (for example, the risk of nationalization). Horizon Risk This is the risk that your investment time horizon may be shortened due to a foreseen or unforeseen event, thus requiring you to sell the investment(s) that you were expecting to hold for a longer term. If you must sell at a time when the markets are down, you may lose money. Hypothetical Performance and Projected Returns Risk The risk arising from reliance in making an investment decision on performance of a portfolio not necessarily achieved by any particular investor. Projected returns are hypothetical, do not reflect actual investment results, and are not guarantees of future results. Such projected performance is subject to a number of limitations and assumptions designed to determine the probability or likelihood of a particular investment outcome based on a range of possible outcomes. It is possible that any of those assumptions will prove not to be accurate. In addition, performance of a model portfolio, other portfolios, or a client’s advisory account may differ materially from investment gains and avoidance of investment losses projected, described, or otherwise referenced in forward-looking statements and the projected returns associated with any portfolio may not materialize. Inflation Risk Inflation risk, also called purchasing power risk, is the chance that the cash generated by an investment today won’t be worth as much in the future. Changes in purchasing power due to inflation may cause inflation risk. There are investments that help minimize inflation risk. Interest Rate Risk This is a risk that can affect the value of bonds or other fixed-income investments you may purchase. When interest rates rise, the market value of bonds fall. When interest rates fall, the market value of bonds rise. Liquidity Risk This is the risk that an investor would not be able to sell or redeem an investment quickly or would not be able to sell or redeem an investment quickly without significantly affecting the price. Liquidity risk is heightened when markets are distressed. Generally, alternative investments have higher liquidity risk than equities, fixed income securities or mutual funds or ETFs. You may be able to minimize this risk by diversifying. A good option is index investing where risk is diversified over the various stocks held in a portfolio tracking a particular index. You can’t invest directly in an index. Osaic Wealth, Inc. IA Brochure – 2025.4 32 Current as of October 20, 2025  Manager Risk This is the risk that an investment manager will fail to execute its stated investment strategy. Market Risk This is the risk that the stock market will decline, decreasing the value of the securities owned. Stock market bubbles and crashes are good examples of heightened market risk. You can’t eliminate market risk; however, you may be able to minimize the impact through diversification. Margin Risk Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. A margin transaction occurs when an investor uses borrowed assets by using other securities as collateral to purchase financial instruments. The effect of purchasing a security using margin is to magnify any gains or losses sustained by the purchase of the financial instruments on margin. To the extent that a client authorizes the use of margin, and margin is thereafter employed by the Firm in the management of a client’s investment portfolio, the market value of the client’s account and corresponding fee payable by the client to the Firm will generally be increased, unless accounts hold options, in which case the fee may be decreased under certain market conditions. As a result, in addition to understanding and assuming the additional principal risk associated with the use of margin, clients authorizing margin are advised of the potential conflict of interest whereby the client’s decision to employ margin will correspondingly increase the advisory fee payable to the Firm. Non-Diversification Risk If a strategy is “non-diversified,” its investments are not required to meet certain diversification requirements under federal law. A “non-diversified” strategy is permitted to invest a greater percentage of its assets in the securities of a single issuer than a diversified strategy. Thus, the strategy may have fewer holdings than other strategies. As a result, a decline in the value of those investments would cause the strategy’s overall value to decline to a greater degree than if the strategy held a more diversified portfolio. Political and Government Risk This is the risk that the value of your investment will be affected by the introduction of new laws or regulations. Regulatory Risk This is the risk that changes in law and regulations from any government can change the value of a given company and its accompanying securities. Certain industries are susceptible to government regulation. Changes in zoning, tax structure or laws impact the return on these investments. Reinvestment Risk This is the risk of loss from reinvesting principal or income at a lower interest rate. 2. Specific Investment Risks The Firm and your Advisory Representative offer various types of investments. The different types of investments we offer Stock – and their potential risks are described below. A stock, also known as “shares” or” equity,” implies owning a proportionate amount of a company that issued the stock. It entitles the stockholder (you) to that proportion of the company’s assets and earnings. • Major risks: Business, Concentration, Currency, Financial, Foreign Investment, Inflation, Market, Political and Governmental Osaic Wealth, Inc. IA Brochure – 2025.4 33 Current as of October 20, 2025  Bonds – This is a fixed income investment that represents a loan by you (the investor) to a borrower (typically a company, government/municipality, or governmental agency). Options – • Major risks: Business, Call, Credit, Default, Financial, Inflation, Interest Rate, Liquidity, Reinvestment This is the risk of the option holder losing the entire amount paid for the option in a relatively short period of time, reflecting the nature of the option as a wasting asset becoming worthless when it expires. If you don’t sell an option in the secondary market or exercise it prior to expiration, you will lose your entire investment in the option. Major risks: Counterparty, Liquidity, Manager and Market • FLEX Options – These are options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). The options target the over-the-counter (OTC) market of index options and provide customers with more flexibility, allowing users to specify key contract terms, including exercise prices, exercise styles, and expiration dates. FLEX options may be less liquid than standardized options. A significant difference between FLEX options and traditional options is that FLEX options do not have a continuous quote stream. Therefore, the generation of a quote for FLEX options occurs only when a request for quote is made. • Notes (Including Structured Notes) – Major risks: Counterparty, Liquidity, Manager and Market Types: This is a fixed-income investment where you (the investor) purchase a secured debt (or other assets) and become the lender, after which you receive payments (principal and interest) over a specific period (usually a shorter time period than a bond) from the borrower. • Principal Protected Note (PPN) – - This is a fixed-income security that guarantees a minimum return equal to the investor’s initial investment (the principal amount), regardless of the performance of the underlying assets. Non-Principal Protected Note (NPPN) – - - This is a fixed-income security that does not guarantee a minimum return equal to the investor’s initial investment (the principal amount), because it allows clients to customize the date of return to suit their investment needs. NPPNs can be linked to a variety of underlying investments including indices, single stocks, portfolios of shares, industry sectors, commodities and currencies. Structured Notes – These are complex instruments consisting of a bond component and an imbedded derivative. Structured notes that provide for the repayment of principal at maturity are subject to the credit risk of the issuing financial institution. Structured notes that do not offer this protection may cause a client to lose some, or all, of its principal. Depending on the nature of the linked asset or index, the market risk of the structured note may include changes in equity or commodity prices, changes in interest rates or foreign exchange rates, or market volatility. After issuance, structured notes may not be re-sold on a daily basis and thus may be difficult to value given their complexity. A client’s ability to trade or sell structured notes in a secondary market is often very limited and clients should, therefore, be prepared to hold a structured note to its maturity date, or risk selling the note at a discount to its value at the time of sale. Structured notes may have complicated payoff structures that can make it difficult for clients to accurately assess their value, risk and potential for growth through the term of the structured note. Determining the performance of each note can be complex and this calculation can vary significantly from note to note depending on the structure. Notes can be structured in a wide variety of ways. Structured notes expose investors to credit risk: if the structured note issuer defaults on these obligations, investors may lose some, or all, of the principal amount they invested in the structured notes as well as any other payments that may be due on the structured notes. If a structured note has a “call provision” and the issuer “calls” the structured note, investors may not be able to reinvest their money at the same rate of return provided by the structured note that the issuer redeemed. • Major risks: Call, Credit, Default, Inflation, Interest Rate, Liquidity, Market, Reinvestment Osaic Wealth, Inc. IA Brochure – 2025.4 34 Current as of October 20, 2025  Certificate of Deposit (CD) (including Structured CDs) – This is a fixed-income investment where you (the investor) deposit a sum of money for a specified period and you will receive either a specific rate of interest or a rate of interest linked to an index with a capped gain. Certain CDs can be FDIC insured. Unit Investment Trust (UIT) (including Buffer UITs) – • Major risks: Call, Default, Inflation, Interest Rate, Market, Reinvestment This is where a U.S. financial company that buys or holds a group of securities, such as stocks or bonds, and makes them available to investors as redeemable units. UITs have a stated expiration date based on what investments are held in their portfolio; when the portfolio terminates, investors get their share of the UIT’s net assets. Exchange Traded Fund (ETF) and Exchange Traded Note (ETN) (including Buffer ETFs) – • Major risks: Business, Credit, Interest Rate, Liquidity, Market, Reinvestment An ETF is a basket of securities that trades on an exchange (open stock market), just like a stock and it often seeks to track an underlying index. ETF share prices fluctuate throughout the trading day as the ETF is bought and sold; this is different from mutual funds that only trade once a day after the market closes. An ETN is a debt instrument that mimics the performance of a basket of securities but does not actually hold them for the benefit of the client. An ETN is an obligation of the issuing company, often an investment bank. • Mutual Fund – Major risks: Concentration, Currency, Foreign Investment, Inflation, Liquidity, Manager, Market, (for ETN: Credit risk) This is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities. Mutual funds give small or individual investors easier access to diversified, professionally managed portfolios. Mutual funds are divided into several kinds of categories, representing the kinds of securities they invest in, their investment objectives, and the type of returns they seek. Mutual funds charge annual fees (called expense ratios) and, in many cases, commissions, which can affect their overall returns. Most mutual funds offer you different types of shares, known as “classes.” Each class invests in the same portfolio of securities and has the same investment objectives and policies. But each class has different shareholder services and/or distribution arrangements with different fees and expenses. • Open- end -- With an open-end fund, if you want to buy shares, the management company will sell them to you. They will take your money, add it to the portfolio, and create more shares. You always buy or sell shares of an open-end fund with the issuing fund company, never on the secondary market. Annuity – • Major risks: Concentration, Currency, Foreign Investment, Inflation, Manager, Market This is a long-term investment that is issued by an insurance company designed to help protect the annuitant from the risk of outliving the income generated by their deposits into the contract. Because these are long-term vehicles annuity contracts include contingent deferred sales charges (“CDSCs”) that would result in a forfeiture of a percentage of account value if surrendered prior to their expiration, typically three to 10 years depending on the contract. Variable Annuity – Annuities have two phases. Phase one of the annuity contract is known as the accumulation phase, where deposits are designed to accumulate on a tax-deferred basis. During the accumulation phase contract holders can choose annuities with any one or, in some cases, a combination of the following accumulation account options: • This is a tax-deferred retirement contract that allows you to choose from a selection of investments called subaccounts. These investments are designed to provide contract holders with a diversified investment portfolio in a specified asset class or general investment strategy. Subaccounts are managed by an investment specialist or a team of specialists who make decisions to manage the subaccount based on the stated objective. Each subaccount will have a unique expense ratio based on the services provided by the investment specialist team. For example, subaccount designed to follow the return of a stock index, such as the S&P 500 will have a lower expense ratio than a subaccount seeking to actively manage a portfolio based on a stated objective. - Investment-only Variable Annuity (IOVA) – Major risks: Business, Credit, Liquidity • This is a type of annuity contract that provides you with a simple way to set aside taxable assets in a tax-deferred entity focused on investments only. Unlike most variable Osaic Wealth, Inc. IA Brochure – 2025.4 35 Current as of October 20, 2025  annuities which offer living income stream and death benefits (for a cost), IOVAs only offer investments and the ability to access the assets without penalty as early as age 59 ½. - Fixed Indexed Annuity (FIA) - Major risks: Business, Liquidity, Market • This is a type of annuity contract that provides interest rate credits to the annuity contract based on the performance of a specified market index, such as the S&P 500. The contract is generally protected by the issuing insurance company against losses or negative index performance except when withdrawals are taken early in the contract’s term. This protection is in exchange for limiting upside opportunity in the crediting rate applied to the contract - Registered Index Linked Annuity (RILA) – Major risks: Business, Liquidity, Market • This is a type of annuity contract that calculates account value adjustments based on the performance of a specified market index, such as the S&P 500. The account value will receive protection against market loses typically through a buffer (carrier accepts the first xx% of losses and the account accepts any additional losses in market value) or a floor (the account accepts the first xx% of loses and the carrier accepts any additional losses in market value). This protection is in exchange for limiting gains in account value to a cap (a maximum account value increase of xx%) or a participation rate (account participates in xx% of the market gains). Fees and caps may limit the potential upside. At the end of the sample period, the account value could increase or decrease. - Major risks: Business, Liquidity, Market Guaranteed Minimum Withdrawal Benefit (GMWB)– Phase two of the annuity contract is known as the annuitization phase. This option converts your purchase payments (what you contribute) and accumulated growth (if any) into periodic payments that can be paid out under various payment options, including a lifetime option. Annuities can provide clients with additional benefits above and beyond tax deferred growth in the form of living benefits or enhanced death benefits including but not limited to the following. • Guarantees clients a stream of lifetime income based on a percentage of the contract’s benefit base. Lifetime GMWB payments are available without having to Guaranteed Minimum Accumulation Benefit (GMAB) – immediately annuitize the contract. • Guarantees a certain portion of the investment is returned to the contract owner regardless of the performance of the subaccounts. Guaranteed Minimum Death Benefit (GMDB) – • Guarantees an enhanced benefit to the contract owner’s beneficiaries regardless of the account value on the date of death. These benefits can be based on a return of the initial investment, the highest contract value on the contract’s anniversary over a specified period of time or increase at a specified percentage over a period of time. Alternative Investments – Alternative investments include but are not limited to closed-end funds, interval funds, hedge funds, non-traded real estate investment trusts, business development companies, managed futures, private credit, private equity, other limited partnerships. Alternative investments are subject to various risks such as limitations on liquidity, pricing mechanisms, and specific risk factors associated with the particular product, which for products associated with real estate, would include, but not be limited to, and property devaluation based on adverse economic and real estate market conditions. Alternative investments may not be suitable for all investors. A prospectus that discloses all risks, fees and expenses, and risk factors associated with a particular Alternative Investment may be obtained from your Advisory Representative. Read the applicable prospectus(es) or offering document(s) carefully before investing. Investors considering an investment strategy utilizing alternative investments should understand that alternative investments are generally considered speculative in nature and involve a high degree of risk, particularly if concentrating investments in one or a few alternative investments or within a particular industry. - Major risks: Potentially greater and substantially different than those associated with traditional equity or fixed income investments. They include but are not limited to: Liquidity, Market, Inflation, Currency, Concentration, Manager, Credit Osaic Wealth, Inc. IA Brochure – 2025.4 36 Current as of October 20, 2025  Closed-end Fund – This is a type of investment vehicle where, at fund inception, the investment company raises a set amount of money and issues a specific number of shares. No new shares are created after that point. Investors can buy the fund shares only on the secondary market, from someone else who is selling shares. Like stocks, closed-end fund shares can be traded at any time of the day when the market is open. The shares reflect market values rather than the net asset value of the fund itself. - Major risks: Concentration, Currency, Foreign Investment, Inflation, Manager, Market Structured Exchange Traded Products (“S-ETPs”) – S-ETPs, also known as hybrid ETPs, Buffered ETPs, Defined Outcome ETPs, or Target-Outcome ETPs are a combination of traditional exchange traded products, which are designed to track the performance of a specific benchmark (specific assets or indices) with predetermined buffer utilizing derivatives. By using a derivatives package of options, the S-ETP issuer constructs a defined outcome profile, including the stated downside protection, while capping the gains. These S-ETPs are designed to cover some losses, but do not guarantee complete protection against loss. The upside potential of these S-ETPs can vary based on the stated period of time to achieve a specific investment outcome. If the market conditions change, the clients may not have the same level of gains. Even if the underlying benchmark performs well, the returns are capped, limiting the gains on an upward market trend. Purchasing shares at the beginning of the target outcome periods allows for full capitalization of the available downside protection and upside protection. Buying or selling S-ETPs at times other than the intended period of the S-ETPs investment strategy could result in returns that differ from the intended performance outcome. If the underlying assets are illiquid, it could be difficult to replicate the index. S-ETPs that use derivative instruments, could face counterparty risk if the other party in the transaction fails to fulfill its obligations. Low trade volumes and market volatility could make it harder to buy in and sell out of the positions in the ETP. The reduced liquidity can lead to wider bid-ask spreads becoming more expensive to purchase. Large traders can influence the price when there are low trade volumes and can lead to discrepancies between the ETPs price and its underlying net asset value (NAV). Structured ETPs, with downside buffers, involve fees and expenses that can impact their overall performance. While the upside cap and buffer are designed to provide specific returns and downside protection, fees can reduce the realized return, including but not limited to trading costs, commissions and other fees. - Major risks: Inflation Risk, Interest Rate Risk, Liquidity Risk, Manager Risk, Concentration Risk. Direct Indexing – Direct indexing is a strategy where investors purchase individual stocks within an index, such as the S&P 500. Unlike index funds or ETFs, it allows for greater control and customization. This approach can offer tax advantages and flexibility but also requires ongoing management to maintain alignment with the index's composition. Direct indexing is also used as a way to customize your investments, tailoring your portfolio to include or exclude specific stocks or sectors that reflect your personal values or investment preferences. Due to the client’s ability to customize the holdings, direct indexing will result in performance that is different from the performance of the index that the account is modeled after. - Major risks: Inflation Risk, Interest Rate Risk, Liquidity Risk, Manager Risk, Concentration Risk, Non- Diversification Risk, Market Risk, Interest Rate Risk, Manager Risk, Horizon Risk, ESG/SRI/Impact Investment Return Risk, Horizon Risk, Financial Risk, ESG/SRI/Impact Investment Selection Return Risk. Cryptocurrency Exchange Traded Products (ETP) – A Cryptocurrency ETP, which may be structured as an Exchange Traded Fund (ETF) or Exchange Traded Note (ETN) is a basket of cryptocurrency assets that tracks or approximates the price performance of one or more cryptocurrencies. An ETF trades on an exchange (open stock market). An ETN is a debt instrument that mimics the performance of an ETF but does not actually hold assets for the benefit of the client. Cryptocurrency ETFs and ETNs offer investors exposure to prices of underlying cryptocurrency instruments, without the investor owning the assets directly. All investments in ETPs involve risk of financial loss. This risk may be increased for spot bitcoin ETPs because of the high volatility of those crypto assets (meaning prices can fluctuate widely). Although spot bitcoin ETPs are intended to track the price of those crypto assets, the price of your ETP shares may deviate from the price of the crypto asset. This is due to, among other things, changing investor demand for the shares of the spot bitcoin and either ETP, issues affecting the issuer of the spot ETP shares, or events affecting the crypto asset markets more generally. Spot crypto asset trading platforms are not registered with the SEC, may be acting without compliance Osaic Wealth, Inc. IA Brochure – 2025.4 37 Current as of October 20, 2025  with existing regulatory requirements, and may lack the oversight of other intermediaries that are registered. As a result, there is an enhanced potential for fraud and manipulation in the underlying market. - Major risks: Price volatility, Cryptocurrency custody, Counterparty, Regulatory, Illicit uses, Decentralized network, Potential tracking error, Potential limitations on Liquidity, Manager, Market, (for ETN: Credit risk) Special note about Cryptocurrency risks: Cryptocurrency is a digital asset. Digital assets include virtual currencies, crypto-currencies, and digital coins and tokens (“Digital Assets”). The investment characteristics of Digital Assets generally differ from those of traditional currencies, commodities or securities. Importantly, Digital Assets are not backed by a central bank or a national, supra-national or quasi-national organization, any hard assets, human capital, or other form of credit. Rather, Digital Assets are market-based: a Digital Asset’s value is determined by (and fluctuates often, according to) supply and demand factors, the number of merchants that accept it, and/or the value that various market participants place on it through their mutual agreement, barter or transactions. Price Volatility of Digital Assets – • A principal risk in trading Digital Assets is the rapid fluctuation of market price. High price volatility undermines Digital Assets’ role as a medium of exchange as consumers or retailers are much less likely to accept them as a form of payment. The value of client portfolios relates in part to the value of the Digital Assets held in the client portfolio and fluctuations in the price of Digital Assets could adversely affect the value of a client’s portfolio. There is no guarantee that a client will be able to achieve a better than average market price for Digital Assets or will purchase Digital Assets at the most favorable price available. The price of Digital Assets achieved by a client may be affected generally by a wide variety of complex and difficult to predict factors such as Digital Asset supply and demand; rewards and transaction fees for the recording of transactions on the blockchain; availability and access to Digital Asset service providers (such as payment processors), exchanges, miners or other Digital Asset users and market participants; perceived or actual Digital Asset network or Digital Asset security vulnerability; inflation levels; fiscal policy; interest rates; and political, natural and economic events. Digital Asset Service Providers – • Several companies and financial institutions provide services related to the buying, selling, payment processing and storing of virtual currency (i.e., banks, accountants, exchanges, digital wallet providers, and payment processors). However, there is no assurance that the virtual currency market, or the service providers necessary to accommodate it, will continue to support Digital Assets, continue in existence or grow. Further, there is no assurance that the availability of and access to virtual currency service providers will not be negatively affected by government regulation or supply and demand of Digital Assets. Accordingly, companies or financial institutions that currently support virtual currency may not do so in the future. Custody of Digital Assets – • Under the Advisers Act, SEC registered investment advisers are required to hold securities with “qualified custodians,” among other requirements. Certain Digital Assets may be deemed to be securities. Currently, many of the companies providing Digital Assets custodial services fall outside of the SEC’s definition of “qualified custodian”, and many long-standing, prominent qualified custodians do not provide custodial services for Digital Assets or otherwise provide such services only with respect to a limited number of actively traded Digital Assets. Accordingly, clients may use non-qualified custodians to hold all or a portion of their Digital Assets. Government Oversight of Digital Assets – • The regulatory schemes—both foreign and domestic—possibly Digital Assets or a Digital Asset network may not be fully developed and subject to change. It is possible that any jurisdiction may, in the near or distant future, adopt laws, regulations, policies or rules directly or indirectly affecting a Digital Asset network, generally, or restricting the right to acquire, own, hold, sell, convert, trade, or use Digital Assets, or to exchange Digital Assets for either fiat currency or other virtual currency. It is also possible that government authorities may take direct or indirect investigative or prosecutorial action related to, among other things, the use, ownership or transfer of Digital Assets, resulting in a change to its value or to the development of a Digital Asset network. Hedge Fund – This is a broad alternative investment category of pooled investment vehicles with a variety of strategies. Strategies may include investing in non-traditional asset classes, using leverage, or taking short positions. Osaic Wealth, Inc. IA Brochure – 2025.4 38 Current as of October 20, 2025  Hedge funds are not subject to the same regulation as mutual funds and is often limited to institutions or wealthy individuals. - Major risks: Business, Concentration, Currency, Interest Rates, Liquidity, Manager, Market Interval Fund – This is a type of investment company that periodically offers to repurchase its shares from shareholders. These shares typically do not trade on the secondary market. These shares are subject to periodic repurchase offers that may be limited by volume by the fund at a price based on net asset value. - Managed Futures – Major risks: Credit, Liquidity, Manager, Market This is an alternative investment where a portfolio of futures contracts is actively managed by professionals. Managed futures are considered an alternative investment and are often used by funds and institutional investors to provide both portfolio & market diversification. - Major risks: Foreign Investment, Horizon, Inflation, Interest Rate, Manager, Market Non-Traded REIT – This is an alternative real estate investment designed to reduce or eliminate tax while paying dividends and/or providing returns on real estate appreciation. A non-traded REIT does not trade on a securities exchange and is therefore quite illiquid for extended periods of time. - Non-Traded Preferred Stock – Major risks: Business, Concentration, Credit, Financial, Inflation, Interest Rate, Liquidity, Manager, Political and Government Preferred stock is a type of hybrid security that has characteristics of both common stock and bonds. Non-traded preferred stock does not trade on a securities exchange and may be illiquid for an extended period of time. - Major risks: Business, Call, Concentration, Credit, Financial, Inflation, Liquidity 3. Additional Risks of investing in Third-Party Money Managers Third-Party Aggressive Investment Technique Risk – Allocations to third-party managers and investors in third-party investment funds (including registered funds and private funds) are subject to the following additional risks: Managers and investment funds may use investment techniques and financial instruments that may be considered aggressive, including but not limited to investments in derivatives, such as futures contracts, options on futures contracts, securities and indices, forward contracts, swap agreements and similar instruments. Such techniques may also include taking short positions or using other techniques that are intended to provide inverse exposure to a particular market or other asset class, as well as leverage, which can expose a client’s account to potentially dramatic changes (losses or gains). These techniques may expose a client to potentially dramatic changes (losses) in the value of its allocation to the manager and/or Liquidity and Transferability – investment fund. Certain investment funds – for example, private funds and interval funds -- offer their investors only limited liquidity and interests are generally not freely transferable. In addition to other liquidity restrictions, investments investment funds may offer liquidity at infrequent times (i.e., monthly, quarterly, annually or less frequently). Accordingly, investors in investment funds should understand that they may not be able to Possibility of Fraud and Other Misconduct – liquidate their investment in the event of an emergency or for any other reason. When client assets are allocated to a manager or investment funds, the Firm does not have custody of the assets. Therefore, there is the risk that the manager or investment fund or its custodian could divert or abscond with those assets, fail to follow agreed upon investment strategies, provide false reports of operations, or engage in other misconduct. Moreover, there can be no assurances that all managers and investment funds will be operated in accordance with all applicable laws and that assets entrusted to the manager or investment funds will be protected. Osaic Wealth, Inc. IA Brochure – 2025.4 39 Current as of October 20, 2025  Counterparty Risk – The institutions (such as banks) and prime brokers with which a manager or investment fund does business, or to which securities have been entrusted for custodial purposes, could encounter financial difficulties. This could impair the operational capabilities or the capital position of a manager or create unanticipated trading risks. When you are deciding whether to invest in a specific investment, make sure you obtain, review and discuss with your Advisory Representative the documentation related to the investment which outlines the details of the investment (i.e., prospectuses, annual reports and offering memorandums that discuss the structure of the investment, fees/costs, management, portfolio, restrictions, contributions, distributions, risks, etc.). The documentation should be provided by your Advisory Representative or can be obtained directly from the investment sponsor. Pledging Assets Clients should be aware that pledging assets in an account to secure a loan or purchase securities on margin involves additional risks. The broker-dealer or bank holding the loan has the authority to liquidate all or part of the securities at any time without your prior notice in order to maintain required maintenance levels, or to call the loan at any time. As a practical matter, this may cause you to sell assets and realize losses in a declining market. These actions may interrupt your long-term investment goals and result in adverse tax consequences and additional fees to the bank. The returns on accounts or pledged assets may not cover the cost of loan interest and account fees and may dictate a more aggressive investment strategy to support the costs of borrowing. Before pledging assets in an account, clients should carefully review the loan agreement, loan application and any forms required by the bank and any other forms and disclosures provided by the Firm. Listed above are some of the primary risks associated with the way we recommend investments to you. Please do not hesitate to contact us to discuss these risks and others in more detail. In instances where we recommend that a third party manage your assets, please refer to the third-party’s ADV and associated disclosure documents for details on their investment strategies, methods of analysis and associated risks. Investing in securities involves risk of loss that you should be prepared to bear. Item 9 - Disciplinary Information Disclosure of Disciplinary Action Related to the Usage of Off-Channel Business Communications: On August 14, 2024, Osaic Wealth, Inc (“Osaic”) was the subject of an Order Instituting Administrative and Cease-and- Desist Proceedings (“Order”) by the U.S. Securities and Exchange Commission (the “SEC”). From at least August 2019 through the date of the Order, the SEC found that Osaic employees used personal devices to send and receive text messages relating to investment advisory business that were not maintained or preserved. The SEC determined that Osaic violated Section 204 of the Investment Advisers Act of 1940 and Rule 204-2(a)(7) thereunder. The SEC imposed sanctions by censuring Osaic and ordering that it cease and desist from committing or causing future violations of Section 204 of the Advisers Act and Rule 204-2 thereunder, requiring it to comply with certain undertakings including retaining a compliance consultant, and pay an $18,000,000 civil penalty (payable jointly and severally with its affiliate Osaic Services, Inc.). Disclosure of Disciplinary Action Related to the Custody of Client Assets: On September 28, 2023, Osaic Wealth, Inc (“Osaic”) was the subject of an Order Instituting Administrative and Cease-and- Desist Proceedings (“Order”) by the U.S. Securities and Exchange Commission (the “SEC”). The SEC Order arose out of the failure of Osaic to obtain verification by an independent public accountant of client funds and securities of which it had custody from June 2017 to December 2022. Osaic used a form agreement (“Agreement”) to govern certain aspects of its relationship with its clients and a particular clearing agent (“Clearing Agent”). This Agreement included a margin account agreement that contained language, required by the Clearing Agent, that permitted the Clearing Agent to accept, Osaic Wealth, Inc. IA Brochure – 2025.4 40 Current as of October 20, 2025  without inquiry or investigation, any instructions given by Osaic concerning these client’ accounts. As a consequence of Osaic having this authority, the SEC deemed Osaic had custody of client assets. Accordingly, because Osaic failed to obtain verification by annual examination of client funds and securities in the affected accounts, the SEC determined that Osaic violated Sections 206(4) of the Advisers Act and Rule 206(4)-2 thereunder, commonly referred to as the “Custody Rule”. Without admitting or denying the SEC’s findings, Osaic agreed to cease and desist from committing or causing future violations of the Custody Rule. Osaic was censured and agreed to pay a $100,000 civil penalty. Beginning in calendar year 2023, Osaic engaged an outside independent auditor to perform an annual surprise custody audit as called for by Advisers Act Rule 206(4)-2. Disclosure of Disciplinary Action Related to the Sales of Complex Exchange-Traded Products: On November 13, 2020, the Firm entered into a settlement agreement with the Securities and Exchange Commission (“SEC”) and an administrative order has been issued by the SEC. The SEC found the Firm violated Section 206 and Rule 206(4)-7 of the Investment Advisers Act of 1940. More specifically, during the period from January 2016 through April 2020, the Firm, did not adopt and implement policies and procedures reasonably designed to prevent unsuitable investments by its Advisory Representatives in volatility-linked exchange traded products (“ETPs”). Without admitting or denying the SEC’s findings, the Firm agreed to cease and desist from committing or causing any violations and any future violations of Section 206(4) of the Advisers Act and Advisers Act Rule 206(4)-7. The Firm also agreed to pay disgorgement, prejudgment interest, and a civil monetary penalty totaling $502,400.29. The SEC noted that the Firm cooperated with the SEC and promptly took remedial steps relating to volatility-linked ETPs and imposed restrictions on holding them in all client accounts maintained at the Firm. Disclosure of Disciplinary Action Relevant to Mutual Fund Share Classes and Wrap Accounts: On March 14, 2016, the Firm, SagePoint Financial, Inc. and FSC Securities Corporation (collectively, the “Osaic Inc. Firms”) consented to the entry of an Order Instituting Administrative and Cease-and- Desist Proceedings (“Order”) by the U.S. Securities and Exchange Commission (the “SEC”). The Order focuses on two specific issues related to our fee-based advisory business conducted between 2012 and 2014 at the Osaic Inc. Firms. In summary, the SEC found that the Osaic Inc. Firms placed certain advisory clients invested in the Advisor Managed Portfolios program in mutual fund share classes with higher expense costs when lower expense cost share classes of those funds were available. The SEC found that this financial incentive, to place non-qualified advisory clients in higher fee share classes, presented a conflict of interest that should have been disclosed to clients. The SEC also concluded that the Osaic Inc. Firms failed to adopt written compliance policies or procedures governing mutual fund share class selection. In addition, the SEC found the Osaic Inc. Firms failed to timely monitor certain wrap advisory accounts for inactivity pursuant to Osaic Inc. Firm’s written compliance policies and procedures. Without admitting or denying the SEC’s findings, the Osaic Inc. Firms agreed to cease and desist from committing or causing any violations and any future violations of Sections 206(2), 206(4) and 207 of the Investment Advisers Act and Rule 206(4)-7 thereunder. The Osaic Inc. Firms agreed to jointly pay disgorgement of $1,956,460 and prejudgment interest of $93,399, a civil penalty of $7,500,000 and to retain a qualified independent compliance consultant. To address the issues presented in the Order, the Firm has implemented new policies and procedures relating to mutual fund share class selection designed to expand the number of lower cost share classes available to advisory clients, provide training on share class selection, and require the rebating of 12b-1 fees to all advisory clients going forward. The Firm has also enhanced its Form ADV disclosures. In addition, the Firm has enhanced its policies and procedures for the review and on-going use of wrap accounts managed by the Firm’s Investment Advisory Representatives. Disclosure of Disciplinary Action Relevant to Unit Investment Trust Sales Charge Discounts: Effective December 2, 2015, without admitting or denying the findings, Osaic Wealth, Inc. (the “Firm”) entered into an Acceptance, Waiver and Consent (AWC) order with the Financial Industry Regulatory Authority (“FINRA”) regarding the Firm’s alleged failure to identify and apply sales charge discounts to certain customers’ eligible purchases of unit investment trusts (UITs) resulting in customers paying excessive sales charges of approximately $204,000. The findings Osaic Wealth, Inc. IA Brochure – 2025.4 41 Current as of October 20, 2025  also stated the Firm paid restitution to all affected customers. FINRA also alleged the Firm failed to establish, maintain and enforce a supervisory system and Written Supervisory Procedures (WSPs) reasonably designed to ensure that customers receive sales charge discounts on all eligible UIT purchases. The Firm has enhanced its policies and procedures related to identifying and applying sales charge discounts for eligible UIT purchases. Pursuant to the order, the Firm’s payment of the $225,000 fine was completed on December 18, 2015. Item 10 - Other Financial Industry Activities and Affiliations Overview This section contains information about our financial industry activities and affiliations. We provide information about the material relationships and arrangements we have with any related persons, including broker-dealers and investment advisers. We identify if any of these relationships or arrangements creates a material conflict of interest with clients and discuss how we address these conflicts. “Related Persons” are defined as entities that we control or control us or are under common control with us. Corporate Structure Osaic Wealth, Inc. is a subsidiary of Osaic, Inc., an indirect wholly-owned subsidiary of Osaic Holdings, Inc., which is indirectly owned primarily by a consortium of investors through RCP Artemis Co-Invest, L.P., an investment fund affiliated with Reverence Capital Partners LLC. RCP Artemis Co-Invest, L.P. is controlled by various other entities including RCP Artemis Co-Invest GP, LLC, RCP Opp Fund II GP, L.P., RCP Genpar L.P., RCP Genpar Holdco LLC, MRB ICBC LLC, and The Other Industry Affiliates Berliniski Family 2006 Trust. The Firm has the following affiliates, which are either wholly-owned subsidiaries of Osaic, Inc., or wholly-owned subsidiaries of one of Osaic, Inc.’s affiliates. The Firm is also affiliated with VISION2020 Wealth Management Corp., a registered investment adviser with the SEC. We offer investment advisory programs sponsored by VISION2020 Wealth Management Corp. Osaic, Inc. owned by Osaic Holdings, Inc. Holding Company owned by Osaic, Inc. VISION2020 Wealth Management Corp. Registered Investment Advisor Osaic Services, Inc. owned by Osaic, Inc. Broker-Dealer Osaic Wealth, Inc. IA Brochure – 2025.4 42 Current as of October 20, 2025  The Firm also has Related Persons, as they are under common control of Osaic, Inc.’s parent company, Osaic Holdings, Inc. The following chart details the Related Persons, which are wholly owned subsidiaries of Osaic Holdings, Inc. Ladenburg Thalmann Asset Management, Inc. owned by Osaic Holdings, Inc. Registered Investment Advisor owned by Osaic Holdings, Inc. Osaic Advisory Services, LLC Registered Investment Advisor Highland Capital Brokerage owned by Osaic Holdings, Inc. Insurance Company owned by Osaic Holdings, Inc. Premier Trust, Inc. Trust Company Osaic Institutions Holdings, Inc. owned by Osaic Holdings, Inc. Holding Company owned by Osaic Institutions Holdings, Inc. Osaic Institutions, Inc. Registered Investment Advisor, Broker/Dealer Ladenburg Thalmann & Co., Inc. owned by Osaic Holdings, Inc. Broker-Dealer CW Advisors, Inc. owned by Osaic Holdings, Inc. Registered Investment Adviser The following chart details the Related Persons, which are not wholly owned subsidiaries of Osaic Holdings, Inc. or Osaic, Inc. These Related Persons, however, are under common control of Osaic Holdings, Inc. Your Advisory Representative, however, cannot recommend the purchase of securities through such affiliates and do not conduct advisory business through these Related Persons. owned by Black Diamond Financial Holdings, LLC Black Diamond Financial, LLC Registered Investment Advisor Broker-Dealer Registration As noted in Item 4, Osaic Wealth, Inc. is registered as an investment adviser with the SEC in order to offer investment advisory products and services to its advisory clients. Osaic Wealth is also a member of the Financial Industry Regulatory Authority (“FINRA”) as a broker-dealer engaged in the offer and sale of securities products. Osaic Wealth’s registration as a broker-dealer is material to our advisory business because the majority of our advisory accounts are held by Osaic Wealth as introducing broker-dealer to its clearing firms, Pershing and NFS. When Osaic Wealth introduces accounts to its clearing firms, additional compensation is earned by Osaic Wealth. The conflicts of interest due to this additional compensation are further described herein or within other disclosures for the program. Most of our Advisory Representatives are associated with Osaic Wealth as Registered Representatives. Your Advisory Representative will take into consideration all types of accounts that could be offered (i.e., both brokerage and advisory accounts) when making the recommendation of an account that is in your best interest. Refer to the Investment Advisor Public Disclosure website at adviserinfo.sec.gov for more information on your Advisory Representative’s specific licenses or brokercheck.finra.org for registered representatives specific licenses. Osaic Wealth, Inc. IA Brochure – 2025.4 43 Current as of October 20, 2025  Account recommendations include recommendations of securities account types generally (e.g., to open an IRA or other brokerage account), as well as recommendations to roll over or transfer assets from one type of account to another (e.g., a workplace retirement plan account to an IRA). If acting as a Registered Representative your Advisory Representative can recommend the purchase of securities offered by Osaic Wealth. In that case, your Advisory Representative would receive commissions for those products which will be in addition to advisory fees charged on assets covered by your client’s advisory relationship. As such, Advisory Representatives have an incentive to sell you commissionable products in addition to providing you with advisory services when such commissionable products may not be suitable. Alternatively, they have an incentive to forego providing you with advisory services when appropriate, and instead recommend the purchase of commissionable investments, if they deem that the payout for recommending the purchase of these investments would be higher than providing management advice on these products for an advisory fee. Therefore, a conflict of interest could exist between their interests and your interests. We maintain policies and procedures to ensure recommendations are in your best interest. While our securities sales are reviewed for suitability by an appointed supervisor, you should be aware of the incentives we have to sell certain securities products and are encouraged to ask us about any conflict presented. All such transactions are affected in compliance with the Advisers Act and other applicable laws, including our duty to seek best execution. Please be aware that you are under no obligation to purchase products or services recommended by us or members of our Firm in connection with providing you with any advisory service that we offer. Insurance The Firm is also an insurance agency licensed to do business in all 50 states. Advisory Representatives that are also insurance licensed are permitted to sell fixed insurance products including, but not limited to, fixed annuities, term life insurance, and whole life insurance for compensation through the Firm’s insurance agency or an independently owned agency. Highland Capital Brokerage (“Highland”) is a Related Person of the Firm and an independent insurance brokerage firm that delivers life insurance, fixed and equity indexed annuities, long-term care solutions and variable insurance wholesaling support to investment and insurance providers. Some employees of Highland may also be registered with us and/or our broker/dealer affiliates. Outside Business Activities registered representatives are contractors of Osaic Wealth, they have the Some ability of Osaic Wealth’s Since independent to engage in certain other business activities separate from the activities they conduct through Osaic Wealth. affiliated representatives are permitted to be employed by, or own, a financial services business entity, including an registered investment adviser business, separate from Osaic Wealth. Although this is not considered a conflict of interest, clients should be aware that these situations can exist. Such activities include tax preparation, insurance, and/or real estate services. When your Advisory Representative engages in these certain other business activities (other than the provision of brokerage and advisory services through us), they could receive greater compensation through outside business activities. Business Operations with Affiliates Some of our business operations involve directing clients to products or services of our Related Persons. In that case we or our Related Persons can receive compensation when doing so which results in a conflict of interest. Your Advisory Representative, however, does not receive a portion of the compensation paid to us or our Related Persons and therefore does not have a conflict of interest in recommending the use of one of our affiliated companies. As a result of the fact your Advisory Representative is not compensated for directing you to products or services offered by our Related Persons, we Osaic Wealth, Inc. IA Brochure – 2025.4 44 Current as of October 20, 2025  believe that the Firm’s conflict of interest is mitigated. The Firm maintains policies and procedures to ensure recommendations made to you are in your best interest. The Firm or its Advisory Representatives may direct you to the following Related Persons: • Premier Trust: Premier Trust is a Nevada chartered trust company that provides trust, estate planning and administrative services. When making any recommendation, Advisory Representatives first consider whether Premier Trust can adequately service client needs and whether any other efficiencies or benefits will result to the client. Clients are not obligated to follow our recommendations or use Premier Trust’s services. When used, Premier Trust provides full disclosure with respect to its trust and administrative services and related costs. • Highland Capital Brokerage (Highland): Highland is an independent insurance brokerage firm that distributes fixed and variable life insurance, disability insurance, fixed and indexed annuities, and long-term care solutions to financial professionals and their clients. Some employees of Highland are also registered with us and/or our broker/dealer affiliates. Advisory Representatives receive indirect compensation in the form of rebated fees when recommending and selling Highland products to you. This is a conflict of interest as Advisory Representatives have an incentive to recommend and sell these products to you. • Ladenburg Thalmann & Co. Inc. (LTCO) – LTCO, which is a registered broker-dealer and an affiliate of the Firm, as referenced above, is affiliated with Ladenburg Thalmann Index, LLC (LTI), which has a strategic partnership with ALPS Advisors, the investment advisor for the ALPS Electrification Infrastructure ETF (Nasdaq: ELFY). LTI receives direct compensation in the form of a licensing fee based on the total assets under management reported in ELFY. ELFY seeks investment results that correspond (before fees & expenses) generally to the performance of LTI's Ladenburg Thalmann Electrification Infrastructure Index. LTI is a limited liability company whose members are a LLC controlled by Mark McLain, a registered representative of LTCO, and Osaic Holdings Inc. (OHI), the parent company of LTCO and its affiliated firms. Each holds a 50% membership interest in LTI. Through its membership in LTI, OHI receives indirect economic benefit based on ELFY's asset growth. This arrangement creates a material conflict of interest for the Firm because the financial arrangements among LTI, OHI, and its affiliated firms create an incentive to recommend ELFY to clients over other investments that may be more suitable or have lower costs. The Firm and its affiliates maintain supervisory procedures designed to identify, disclose, and mitigate such conflicts of interest, including ensuring that any recommendation of ELFY is based on the client’s best interest. Additionally, while your Advisory Representative earns advisory fees for Program Investments, including investments in ELFY, Firm waives its administrative fee for all assets specifically invested in ELFY. • Ladenburg Thalmann Asset Management, Inc. (LTAM): LTAM is an SEC registered investment advisor specializing in investment management, market analysis, due diligence, fund selection, asset allocation and diversification strategies. LTAM sponsored programs and their characteristics are more fully described in its disclosure brochures, which are available to any client or prospective client upon request. o LTAM offers the Ladenburg Funds (i.e., Ladenburg Income Fund, Ladenburg Income & Growth Fund, Ladenburg Growth & Income Fund, Ladenburg Growth and Ladenburg Aggressive Growth), each of which is an open-end fund; as well as the Total Portfolio Series funds (Collective Investment Trusts) established for retirement plans. Our Advisory Representatives can recommend clients invest in these funds as well as other Ladenburg portfolios. Transactions within these funds are executed through Ladenburg Thalmann & Co. Inc. (LTCO), which receives no commissions when executing trades on behalf of the Funds. o LTAM operates $ymbil®, an online, interactive tool designed to assist clients in selecting among the five Ladenburg Funds by using a questionnaire to gauge a client’s time horizon, risk tolerance and investment objectives. A client investment profile is created from the responses to this online questionnaire. LTAM has no discretion over a client’s investments. Our Advisory Representatives can recommend clients use $ymbil®, and if clients implement transactions using $ymbil®, both the Firm and our Advisory Representatives receive promoter fees. This creates a conflict of interest; however, clients have no obligation to accept any suggestions provided by $ymbil® or to invest in any of the Ladenburg Funds. Osaic Wealth, Inc. IA Brochure – 2025.4 45 Current as of October 20, 2025  o LTAM offers the Qui(k) program. LTAM serves as the ERISA Section 3(38) investment fiduciary for the plans associated with this program. LTAM has entered into an agreement to provide 3(38) investment fiduciary services to American Trust Retirement Services, LLC (ATR). ATR is the Pooled Plan Provider (PPP) for the Qui(k) platform, ATR’s Pooled Employer Plan (PEP). LTAM, as well as the other Qui(k) platform service providers, are engaged by ATR in their capacity as the PPP named fiduciary and PEP plan sponsor. Certain collective investment trusts (“CITs”) managed by LTAM are available as investment options in Qui(k). However, LTAM utilizes a share class that does not pay a fee to LTAM for management of the CIT assets. Employers who participate in Qui(k) will sign a separate agreement engaging ATR as the PPP. ATR, LTAM, and the Firm do not engage in any revenue sharing as a result of this relationship. The specific manner in which fees are charged is established for a client in the client’s written investment advisory agreement. Advisory Representatives are not acting as a fiduciary for purposes of ERISA when recommending employer participation in Qui(k) versus the other programs or options. We offer clients access to professional Third-Party Money Managers that create and implement portfolios with a variety of investment strategies (see Item 4 Advisory Business for additional information on the Wealth Management Platform - Unified Managed Account Program) and the Third-Party Advisory Services. LTAM is among the Third-Party Money Managers that can be recommended to clients. The Firm has a conflict of interest when recommending LTAM to clients. Advisory Representatives receive compensation that varies depending on the TPMMs recommended. The Firm earns more total compensation when a client selects LTAM as a Third-Party Money Manager than we would earn if the client selects certain other unaffiliated TPMMs. Thus, our Advisory Representatives have a conflict of interest because of an incentive to recommend certain managers over others. We address these conflicts of interest through policies and procedures that, among other things, require Advisory Representatives to make suitable recommendations, to act as a fiduciary to clients, and to act solely in clients’ best interests. Envestnet Asset Management Inc. (“Envestnet”) Reverence Capital Partners manages the private investment funds that indirectly own a majority of Osaic Holdings, Inc., which in turn owns the Firm, as well as private investment funds that hold a minority investment in Envestnet Asset Management, Inc. (“Envestnet”). In addition, select management and Advisory Representatives own less than 0.5%, indirectly through a Reverence Capital Partners-controlled entity, in Envestnet. As a result, the Firm and Advisory Representatives in particular, have an incentive to offer and recommend to you programs that use Envestnet’s services (for additional information, please refer to the description of the Vision2020 Wealth Management Platform below). The Firm has procedures designed to mitigate this conflict. CAIS Alternative Investments Platform As described in the table above, the Firm is a subsidiary of Osaic Holdings, Inc., which is ultimately owned by a number of private investment funds organized and sponsored by Reverence Capital Partners. In addition to its ownership of Osaic Holdings, Inc., private investment funds organized and sponsored by Reverence Capital Partners, directly or indirectly, own (whether through majority or minority interest) other investment advisers and securities and financial services firms. One of such firms is Capital Integration Systems LLC (“CAIS”), which, as disclosed in Item 4, together with its affiliates provides the alternative investments platform to the Firm’s clients. This ownership entitles Reverence Capital Partners to appoint a member to the board of directors of CAIS and certain committees thereof and otherwise grants the Reverence Capital Partners certain consent and veto rights over actions taken by CAIS and its affiliates. In addition, our agreement with CAIS provides for a payment to us of up to 10 basis points (0.10%) on the sale amount of alternative investment products sold through the CAIS platform. The Firm has therefore an incentive to recommend alternative investments on the CAIS platform to you, which is a conflict of interest. However, your Advisory Representative does not receive any portion of this compensation. Osaic Wealth, Inc. IA Brochure – 2025.4 46 Current as of October 20, 2025  Item 11 - Code of Ethics, Participation or Interest in Client Transactions and Personal Trading We have adopted a Code of Ethics (the “Code”) to address securities-related conduct. The Code focuses primarily on fiduciary duty, personal securities transactions, insider trading, gifts, and conflicts of interest. The Code includes our policies and procedures developed to protect your interests in relation to the following topics: • The duty at all times to place your interests first; • The requirement that all personal securities transactions be conducted in such a manner as to be consistent with the Code and to avoid any actual or potential conflict of interest or any abuse of an employee’s position of trust and responsibility; • The principle that investment adviser personnel should not take inappropriate advantage of their positions; • The fiduciary principle that information concerning the identity of your security holdings and financial circumstances are confidential; and • The principle that independence in the investment decision-making process is paramount. This response is only intended to provide you with a summary description of our Code of Ethics. Please refer to our Code of Ethics in its entirety located at osaic.com/disclosures. It is the Firm’s policy to prohibit agency cross transactions where representatives act as brokers for both buying and selling a single security between two different clients and are compensated through an agency commission or principal mark-up for the trades. If we adopt a different policy in this area or exceptions are made, we will observe all rules and regulations in accordance with the disclosure and consent requirements of Section 206(3) of the Advisers Act. Additionally, we are aware that such transactions only occur if we ensure that we meet our duty of best execution for the client. Related Person(s) to us may have an interest or position in securities which may be recommended to you. Our Advisory Representatives, from time to time, can recommend investment products to you, including mutual funds, variable and fixed annuities, and other insurance products, sponsored, distributed, or managed by our Related Persons. Advisory Representatives may also recommend that you select portfolio managers that are Related Persons. These Related Persons may, from time to time, place brokerage transactions with Osaic Wealth, Inc. and refer you to us. Such recommendations and arrangements might create a conflict of interest because they may result in an increase in compensation for us, our Advisory Representatives and our Related Persons. While our security sales are reviewed for suitability by an appointed supervisor, you should be aware of the incentives we have to sell certain securities products and are encouraged to ask us about any conflict presented. We may recommend securities to you or buy or sell securities for your account at or about the same time we buy or sell the same securities in our own account. In those instances, the Firm maintains policies and procedures to avoid, detect, and correct conflicts of interest that arise if you and the Advisory Representative (including Related Persons) invest in the same security on the same side of the market on the same day. Osaic Wealth, Inc. IA Brochure – 2025.4 47 Current as of October 20, 2025  Item 12 - Brokerage Practices Selection of Broker-Dealers Although we may utilize other broker-dealers and account custodians to service your advisory account, we generally use Osaic Wealth (in their capacity as a broker-dealer) which introduces accounts to its clearing firms. By using Osaic Wealth, we are able to provide a uniform technology platform to our Advisory Representatives for the management of client accounts and provide clients a uniform clearing and custodial platform applicable to both advisory and non-advisory brokerage accounts. You will enter into separate custodial/clearing agreements with the applicable custodian for your advisory account. Your funds and securities are held with those custodial firms, and not by us, Osaic Wealth or your Advisory Representative. Custodians handle the delivery and receipt of all securities bought and sold in your account, values securities, receives and distributes all dividend and other distributions, and processes exchange offers, rights offerings, warrants, tender offers, or redemptions. Custodians also send trade confirmations (unless suppressed by you), periodic account statements of all activities, and shareholder communications. They maintain custody of your assets and perform other customary custodial services. Currently, the firm utilizes NFS, Pershing, Fidelity and Schwab for custodial services. Osaic Wealth’s business relationship with NFS and Pershing provides Osaic Wealth with other benefits, including favorable pricing, receipt of revenue sharing payments and receipt of a portion of interest payments on margin loans. In addition, these firms provide Osaic Wealth payments for certain conferences and programs. The Firm has an economic interest to use Osaic Wealth in their capacity as introducing broker-dealer and Osaic Wealth has an economic incentive to use NFS and Pershing as its clearing firm for trade execution and custody over other firms that do not or would not provide such economic benefits to Osaic Wealth, even if such other firms might be more beneficial to clients of the firm. These substantial economic benefits are further described in Item 4 - Margin Loans, Item 5 - Sweep Program and Item 14 - Client Referrals and Other Compensation. Osaic Wealth also has a contract with NFS and Pershing which provides Osaic Wealth with incentives to place assets with these firms, as well as disincentives in the form of charges to Osaic Wealth if it were to terminate its contract before the end of the contract term. Accordingly, we have a financial incentive and conflict of interest to recommend and use Osaic Wealth and NFS or Pershing for brokerage and custodial services. Transactions executed through these entities are subject to our duty to obtain “best execution”, i.e., a price that is as favorable to you as possible under the prevailing market conditions. While we make every attempt to obtain the best execution possible, there is no assurance that it will be obtained. You should consider whether our programs result in costs or other disadvantages to you as a result of possibly less favorable trade executions. We do not engage in any formal soft dollar practices. Schwab provides the Firm with access to its institutional trading and custody services, which are typically not available to Schwab retail investors. These services generally are available to independent investment advisors on an unsolicited basis, at no charge to them so long as a total of at least $10 million of the advisor’s clients’ assets are maintained in accounts at Schwab Advisor Services. Schwab’s services include brokerage services that are related to the execution of securities transactions, custody, research, including that in the form of advice, analyses and reports, and access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment. Please note that the Firm’s programs utilizing Schwab as custodian and broker-dealer are closed to new accounts and clients. Fidelity provides the Firm with technology platforms or other software to access Fidelity’s brokerage system. These systems aid the Firm in providing services to its clients, and their accounts, which includes software that makes available client’s account data, facilitates trade execution, allocates aggregated trade orders, facilitates payment of fees from client accounts, and assists with back-office functions, such as recordkeeping and client reporting. Fidelity may also assist the Firm with Advisory Representatives joining the Fidelity platform, and in some cases, pay account transfer fees or other charges the client may have to pay when changing custodians or service providers. The agreement for services described above may be better or worse than the terms offered to other advisors and may depend on the type or amount of business the Firm and its client conduct with Fidelity. Other factors may be considered as well, including the amount of assets in accounts with Fidelity within a certain timeframe. Our Advisory Representatives are motivated by these factors when Osaic Wealth, Inc. IA Brochure – 2025.4 48 Current as of October 20, 2025  recommending Fidelity accounts to clients. The Firm will establish pricing on commissions, account transactions, and other service fees for accounts in which Fidelity is the custodian. This pricing will be agreed upon based on the current and expected type and amount of business the Firm plans to do with Fidelity. Please note that the Firm’s programs utilizing Fidelity as custodian and broker-dealer are only open to certain Advisory Representatives. Trading Practices Occasionally, a trading error can occur where either we, or our Advisory Representatives, are at fault for affecting one or more erroneous securities transactions for a client’s brokerage account. If this occurs in your account, the error will be corrected, and your account will be restored to the same economic position had the error never occurred. In the process of restoring your account, a profit may be realized, or a loss suffered in connection with correcting this error. Neither losses nor gains realized will be passed on to you. As a result, trade corrections can result in a financial benefit to us or our affiliated broker/dealers. In connection with the provision of Third-Party Advisory Services, our choice of custodian will be limited to those choices offered by the Third-Party Advisory Service. When possible, the Firm and your Advisory Representative can aggregate client transactions to improve the quality of execution. Mutual funds held in client accounts do not lend themselves to aggregate or block trades. To the extent other securities are purchased that do lend themselves to aggregating or block trading (e.g., stocks or exchange traded funds), the Firm and your Advisory Representative can aggregate client transactions. The Firm and our Advisory Representatives allocate trades to advisory clients in a fair and equitable manner that is applied consistently. When trades are not aggregated, clients may not enjoy the effects of lower transaction per share costs that often occur as a result of aggregating trades. As a result, you can pay a higher transaction cost than could be received elsewhere. Partial fills will be allocated in a way that does not consistently advantage or disadvantage particular client accounts and are generally filled pro-rata among participating accounts. The aggregation and allocation practices of mutual funds and Third-Party Money Managers that we recommend to you are disclosed in the respective mutual fund prospectuses and Third-Party Money Manager disclosure documents which will be provided to you. Transactions executed at broker-dealers other than the one at which a client’s account is held are sometimes called “step- out” trades. The Firm or an investment manager that has the discretion to execute step-out trades with broker-dealers other than the account custodian will incur additional transaction, trading, or execution fees that the client will pay as a result of such step-out trades. Additional transaction, trading, or execution fees resulting from step-out trades will increase the client’s cost and negatively impact investment performance. However, a step-out trade can potentially allow the investment manager to achieve better price execution. The Firm and investment managers may decide to step-out for a variety of reasons, including to obtain an optimal combination of price and service for the client or to satisfy the investment manager’s best execution obligation. Investment managers have the discretion to utilize step-out trades in circumstances including, but not limited to, those involving equity securities, fixed-income securities, structured products, derivatives (e.g., options), thinly traded securities, illiquid securities, and ETFs. A step-out trade occurs in some instances when an investment manager purchases equity securities, fixed-income securities, structured products, derivatives (e.g., options), thinly traded securities, illiquid securities, ETFs, or other securities from a different broker-dealer or the broker or dealer selling the securities to obtain a more favorable price or because the particular security is not available through the account custodian. Item 13 - Review of Accounts Each purchase or sale of a security affected by our Advisory Representative in your account is monitored for suitability by an appointed supervisor. In addition, our Advisory Representatives periodically review your accounts as needed, but no less than annually. Such review and any consultation typically contain, when warranted, advice regarding recommended changes to your investments and recommendations for implementation of proposed changes. You will receive monthly and/or quarterly account statements from the custodian. Your Advisory Representative can also Osaic Wealth, Inc. IA Brochure – 2025.4 49 Current as of October 20, 2025  send you a quarterly performance report (“QPR”). QPRs are for informational purposes only and based on information believed to be accurate, but that we have not verified. For accurate account information, you must refer to the account statement from the account custodian. Item 14 - Client Referrals and Other Compensation Client Referrals The Firm has promoter arrangements with individuals. A Promoter (including solicitors) is any person providing a testimonial or endorsement. Promoter arrangements are conducted in accordance with the SEC’s “Marketing Rule” (Rule 206(4)-1). The Marketing Rule covers both cash and non-cash compensation paid to promoters. This includes advisory fees based on a percentage of assets under management or amounts invested, flat fees, hourly fees, reduced advisory fees, fee waivers, cash sales awards and any other methods of cash compensation. If you are introduced to us through a Promoter, a separate disclosure statement is provided, advising you of the compensation arrangement to an individual that is unaffiliated with the Firm. Networking Arrangements There is an option for the Firm and its Advisory Representatives to offer advisory services on the premises of unaffiliated financial institutions, like banks or credit unions. In such a case, the Firm will enter into networking agreements with financial institutions pursuant to which we share compensation, including a portion of the advisory fee, with the financial institution for the use of the financial institution’s facilities and for client referrals. Other Compensation The Firm offers a range of investments and services to its clients. As you work with your Advisory Representative to determine the right investments and services to achieve your investment goals, it is also important for you to understand how the Firm, Osaic Wealth, Osaic, Inc., and your Advisory Representative are compensated. Certain forms of compensation create conflicts of interest, and it is important for you to assess these conflicts of interest when making investment decisions. In some cases, we pay a portion of a Advisory Representative’s compensation to an Advisory Representative’s designated supervisor(s). This creates a conflict of interest because the compensation affects the designated supervisor’s ability to provide objective supervision of the Advisory Representative. The Firm mitigates this conflict through policies, procedures and its governance structure. The Firm and our designated supervisors have an obligation to supervise Advisory Representatives and may decide to terminate an Advisory Representative’s association with the Firm based on performance, a disciplinary event, or other factors. The amount of assets serviced or revenue generated by an Advisory Representative creates a conflict of interest when considering whether to terminate an Advisory Representative. The Firm maintains policies and procedures to ensure recommendations are suitable and require that Advisory Representatives always act in your best interest. We also maintain a supervisory structure to monitor the advisory activities of your Advisory Representative to reduce conflicts of interest. You are encouraged to ask us about any conflict presented. In particular, we note the following: Recruiting and Transition Assistance To assist in the costs of transitioning from another investment adviser, we provide various benefits and/or payments to certain Advisory Representatives that are newly associated with the Firm. The proceeds of the transition assistance payments are intended to be used for a variety of purposes, including but not limited to, providing working capital to Osaic Wealth, Inc. IA Brochure – 2025.4 50 Current as of October 20, 2025  assist in funding the Advisory Representative’s business, satisfying outstanding debt owed to the Advisory Representative’s previous firm, technology set-up fees, marketing and mailing costs, stationery and licensure transfer fees, moving expenses, office space expenses, and staffing support. The amount of the transition assistance is generally based on the size of the Advisory Representative’s business established at his or her prior firm. This assistance is generally in the form of loans to the Advisory Representative and are forgiven by Osaic Wealth, Inc. based on the years of service with the Firm. The receipt of the recruiting/transition assistance creates a conflict in that the Advisory Representative has a financial incentive to recommend a client to open and maintain an account with the Firm. Top Producer Opportunities The Firm offers additional educational, training, marketing and home office support services and events for those Advisory Representatives that meet overall revenue production goals. While these goals are not specific to any type of product or service offered, a conflict of interest exists because these opportunities provide a financial incentive for Advisory Representatives to recommend investment products and advisory services in general. Advisor Appreciation Program The Firm provides the following compensation and ownership opportunities to certain Advisory Representatives: • The Net New Asset Program – We will make additional payments to Advisory Representatives on new assets added to customer accounts custodied with Pershing or NFS with Osaic Wealth Inc. as the introducing broker. Advisory Representatives may qualify for one of three elements of this program. Generally, all Advisory Representatives may qualify to be paid an annual amount of 35 basis points (0.35%) on average (with select Advisory Representatives qualifying for payments of up to 50 basis points (0.50%)) on all new assets added to our client accounts custodied with Pershing and NFS. In addition, certain qualifying Advisory Representatives will be eligible for a one-time fee of up to $50 per account when it is converted to Pershing or NFS from an existing account held direct with a mutual fund sponsor or third-party money manager and up to five basis points (0.05%) on all assets in such accounts (which basis point payment would be in addition to the amount described in the prior sentence). Advisory Representatives formerly affiliated with Osaic Wealth, Inc.’s affiliates Osaic FA, Inc. and Osaic FS, Inc. who maintain client accounts custodied through Fidelity IWS will be eligible for payments of up to $100 per such account that is converted to NFS or Pershing and up to 25 basis points (0.25%) on all assets in such accounts. The payment depends on a number of factors which include, among other things, the amount of operational assistance needed by the Advisory Representative. The Net New Asset Program creates a conflict of interest in that your Advisory Representative has a financial incentive to recommend that a client open and maintain an account with Pershing and NFS and to recommend switching investment products and services where a client’s current investment options may not be available through us, in order to receive the Net New Asset Program benefit/payment and the Firm earns more revenue when client assets are held through the Firm as introducing broker at Pershing or NFS. The Firm and its Advisory Representatives attempt to mitigate these conflicts of interest by evaluating and recommending that clients use our services based on the benefits that such services provide to clients, rather than the Net New Asset Program compensation earned by any particular Advisory Representative. However, clients should be aware of this conflict and take it into consideration when making a decision whether to establish or maintain a relationship with us, or to transfer an existing account to Pershing or NFS. If the Firm makes these payments to a new or existing Advisory Representative, there is also a conflict of interest because the Firm’s interest in collecting on the payment affects its ability to objectively supervise the Advisory Representative. The Firm has policies and procedures in place to mitigate this conflict, including ensuring that any recommendation to change or establish a new investment advisory account is in the client’s best interest. • The Referral Rewards Program – Subject to certain qualifications and restrictions, the Firm will make payments to affiliated Financial Professionals for referrals of unaffiliated Financial Professionals. For each qualified referred Financial Professional who affiliates with the Firm, the referring Financial Professional will receive up to 3% of the referred Financial Professional’s trailing 12-month production and up to 3% of the referred Financial Professional’s first 12 months of production. The Firm is responsible for these payments and the payments to the Financial Professional are not a portion of the fees and/or commissions you pay. Your Financial Professional’s status as a referring Financial Professional is not a conflict to you because if referring, the referred Financial Professional’s production is unrelated to your account. Your Financial Professional’s status as a referred Osaic Wealth, Inc. IA Brochure – 2025.4 51 Current as of October 20, 2025  Financial Professional is not a conflict to you, because your Financial Professional is not compensated specifically for being part of the Referral Rewards Program. • The Equity Ownership Plan – Certain Advisory Representatives who are accredited investors are offered the opportunity to invest in AG Artemis Holdings, L.P, the parent entity of Osaic Wealth, Inc. Loans The Firm provides loans to certain Advisory Representatives as an incentive to establish, maintain, or expand their brokerage and advisory relationships. The repayments of such loans are typically dependent on the financial professional retaining affiliation with the Firm through the end of the loan period. These loans create a conflict of interest for the financial professional to retain affiliation with the Firm in order to avoid repayment of the loan. Please note the forgivable notes referenced in the section above on Advisor Appreciation Programs. Indirect Compensation and Revenue Sharing Strategic Partners In addition to commissions or asset-based fees, the Firm, Osaic Wealth and/or Osaic, Inc. receives compensation (“revenue sharing payments”) from the below categories: • Packaged Products: certain mutual funds, exchange traded funds (ETFs), variable insurance products, fixed insurance products, direct participation programs, alternative investments, and unit investment trusts (UITs), and structured products. • Retirement Plan Partners: third-party firms, including plan recordkeeping platforms as well as investment managers of mutual funds and the issuers of annuities • Third-Party Managers: certain third-party money managers offered through accounts custodied away from the Broker-Dealer • Collateralized Lending Partners: certain banking institutions that collateralize certain investment accounts to obtain secured loans The above categories are hereinafter referred to as (“Strategic Partner” or “Strategic Partners”). Strategic Partners are selected, in part, based on the competitiveness of their products, their technology, their customer service and their training capabilities. Strategic Partners have more opportunities than other companies to market and educate our Advisory Representatives on investments and the products they offer. Revenue sharing payments are typically calculated as a fixed fee, as an annual percentage of the amount of assets held by customers, or as a percentage of annual new sales, or as a combination. Strategic Partners pay Osaic Wealth and/or Osaic, Inc. differing amounts of revenue sharing, for which the Strategic Partner receives different benefits. You do not pay more to purchase Strategic Partner investment products through Osaic Wealth than you would pay to purchase those products through another broker- dealer. Additionally, revenue-sharing payments received by Osaic Wealth and/or Osaic, Inc. are not paid to or directed to your Advisory Representative. Nevertheless, a conflict of interest exists, in that Osaic Wealth and/or Osaic, Inc. is paid more if you purchase a Strategic Partner product, and your Advisory Representative indirectly benefits from Strategic Partner payments when the money is used to support costs of product review, marketing or training. This conflict of interest is mitigated by the fact that your Advisory Representative does not receive any additional compensation for selling Strategic Partner products, and that the firm maintains policies and procedures to ensure recommendations are in your best interest. Osaic Wealth will update information regarding Strategic Partners who participate in revenue sharing arrangements with Osaic Wealth on its website on a regular basis. For additional information, including specifics on the revenue share amounts, please refer to our Indirect Compensation Disclosure located at osaic.com/disclosures. From time to time, Osaic Wealth and/or Osaic, Inc. also receive revenue sharing payments from companies that are not Strategic Partners, generally to cover meetings expenses. Osaic Wealth, Inc. IA Brochure – 2025.4 52 Current as of October 20, 2025  Clearing & Custodial Firms NFS and Pershing provide significant compensation to Osaic Wealth in their capacity as introducing broker/dealer to offset its general operating expenses based on the number of accounts and/or account assets held by Osaic Wealth. Compensation received consists of a fixed dollar amount per account and percentage of net new assets and total assets held in clearing accounts at the clearing firms. The specific terms of this compensation differ between NFS and Pershing. Due to the significant penalties Osaic Wealth would incur if Osaic Wealth terminated the contracts with NFS or Pershing within the first several years of contract implementation, the Firm has an incentive to continue with the long-term contracts Osaic Wealth has in place with NFS and Pershing. Our Advisory Representatives receive indirect compensation from the Firm for a certain level of assets with NFS and Pershing. Thus, they are incentivized to recommend NFS and Pershing to you over other options. Certain custodian fees apply to your clearing accounts. In some instances, Osaic Wealth pays a portion of the fee charged. In some instances, Osaic Wealth applies a markup to these fees. Please see the Pershing and NFS Client Fee Disclosure brokerage fee schedules (website below) for details on all of these fees and footnote 1, which identifies each specific item which Osaic Wealth mark-ups. Depending on the custodial fee, it is applied annually, per transaction, per month or per CUSIP. The above forms of compensation are in addition to the advisory fees you pay to us. The Firm exercises no discretion, nor provides any advice or recommendation in the selection of NFS or Pershing for any specific account or client. As a result, any difference in compensation to the Firm is based solely on the contracts with NFS and Pershing and your Advisory Representative’s election of NFS and Pershing. Secondly, Advisory Representatives do not share in any compensation paid by the custodians to the Firm. As a result, Advisory Representatives have no financial conflict of interest in any recommendation of NFS and Pershing to clients. For clients with assets custodied at Schwab and Fidelity, the Firm receives an economic benefit from Schwab and Fidelity in the form of the support products and services it makes available to us and other independent investment advisors whose clients maintain their accounts at Schwab and Fidelity. We benefit from the products and services provided because the cost of these services would otherwise be borne directly by us, and this creates a conflict. These products and services, how they benefit us, and the related conflicts of interest are described in Item 12. Please refer to the Client Fee Disclosure - Pershing Clearing and Client Fee Disclosure - NFS Clearing located at osaic.com/disclosures to find additional details regarding custodial fees. For more information regarding the above forms of compensation, please refer to our Indirect Compensation Disclosure located at osaic.com/disclosures. Other Cash and Non-Cash Compensation In addition to reimbursement of training and educational meeting costs, the Firm and its Advisory Representatives may receive promotional items, meals or entertainment or other non-cash compensation from representatives of mutual fund companies, insurance companies, and Alternative Investment Products, as permitted by regulatory rules. Additionally, sales of any mutual funds, variable insurance products and Alternative Investment Products, whether or not they are those of Strategic Partners, can qualify Advisory Representatives for additional business support and for attendance at seminars, conferences and entertainment events. From time to time, non-Strategic Partners attend Firm sponsored meetings for a fee. Item 15 - Custody Although the Firm’s advisory assets are held by a qualified custodian, the Firm is deemed to have custody of client funds because it has the ability to direct such custodians to deduct advisory fees from the client’s account and because some client accounts have standing letters of instruction (“SLOAs”) or other similar asset transfer authorization agreement which give us the authority to transfer funds to a third party. Custody of client assets is also triggered in rare cases when the Firm accepts physical stock certificates from clients. The Firm undergoes an annual surprise custody exam by an independent auditor. On at least a quarterly basis, you will receive statements from the qualified custodian. Your Advisory Representative can also send you a quarterly performance report (“QPR”). The Firm urges you to carefully review the quarterly performance Osaic Wealth, Inc. IA Brochure – 2025.4 53 Current as of October 20, 2025  reports we send you and compare them with the statements provided by the qualified custodian. You should promptly notify us or your Advisory Representative upon discovery of any errors, discrepancies or irregularities. Item 16 - Investment Discretion We manage your accounts on either a discretionary or non-discretionary basis. We will only manage your account on a discretionary basis upon obtaining your consent. Your consent is typically granted and evidenced in the client agreement that you sign with us. We define discretion as: the ability to trade your account, without obtaining your prior consent, the securities and amount of securities to be bought or sold, and the timing of the purchase or sale. It does not extend to the withdrawal or transfer of your account funds. We give advice and take action in the performance of our duties to you, which differs from advice given, or the timing and nature of action taken, with respect to our clients’ accounts. Item 17 - Voting Client Securities We do not have the authority to vote proxies solicited by, or with respect to, the issuers of securities held in your account. Typically, proxy materials will be forwarded to you by your custodian. We will forward proxy materials that we receive to you. Please contact us at any time with questions you have regarding proxy solicitations. For the accounts in the UMA program described above, proxy materials are forwarded by your custodian to Envestnet, which has authority to vote pursuant to the client investment advisory agreement. In addition, we do not take any action or render any advice with respect to any securities held in any accounts that are named in or subject to class action lawsuits or bankruptcy proceedings. However, we will forward you any information we receive regarding class action legal matters involving any security held in your account. Item 18 - Financial Information Osaic Wealth, Inc.’s consolidated statement of financial condition for fiscal year end 2024 is included with this Brochure. Osaic Wealth, Inc. does not have any financial condition that is reasonably likely to impair its contractual commitments to clients. Securities and investment advisory services are offered through Osaic Wealth, Inc., broker-dealer, registered investment adviser and member of FINRA and SIPC. Osaic Wealth, Inc. is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth, Inc. © Osaic Wealth, Inc. • 18700 N. Hayden Rd. Suite 255 • Scottsdale, AZ 85255 • 800-821-5100 • osaic.com Osaic Wealth, Inc. IA Brochure – 2025.4 54 Current as of October 20, 2025  STATEMENT OF FINANCIAL CONDITION AND RELATED NOTES Osaic Wealth, Inc. (SEC File Number 8-40218) (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) December 31, 2024 With Report of Independent Registered Public Accounting Firm Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT.  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Table of Contents December 31, 2024 Page 1 Report of Independent Registered Public Accounting Firm Financial Statement Statement of Financial Condition Notes to Financial Statement 2 3 Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. i  GLOSSARY Certain terms and abbreviations used throughout this report are defined below. Term or abbreviation AMPA APFS ASC ASU CODM FASB FINRA GAAP Net Capital Rule Definition American Portfolios Advisors, Inc. American Portfolios Financial Services, Inc. Accounting Standards Codification Accounting Standards Update Chief Operating Decision Maker Financial Accounting Standards Board Financial Industry Regulatory Authority Generally Accepted Accounting Principles SEC Uniform Net Capital Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital Osaic Financial Services, Inc. Osaic Services, Inc. Osaic, Inc. Osaic Holdings, Inc. Proprietary account of a broker-dealer Registered investment adviser Securities America Advisors, Inc. Securities America, Inc. Securities and Exchange Commission Signature Estate & Investment Advisors OFSI OS OSA OSHI PAB RIA SAA SAI SEC SEIA Strategic Partnership Sponsors Third-party investment and insurance companies for which the Company Triad U.S. WFS provides marketing services for their advisory, insurance and brokerage products Triad Advisors, LLC (collectively with its subsidiary Triad Insurance, Inc.) United States of America Woodbury Financial Services, Inc. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. ii  Deloitte & Touche LLP 100 South Mill Avenue Suite 1800 Tempe, AZ 85281-2804 USA Tel: +1 602 234 5100 www.deloitte.com REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Stockholder and Board of Managers of Osaic Wealth, Inc.: Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Osaic Wealth, Inc. (the "Company") as of December 31, 2024, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit of the financial statement provides a reasonable basis for our opinion. February 21, 2025 We have served as the Company's auditor since 2017.  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Statement of Financial Condition (In Thousands, Except Par Value and Share Amounts) December 31, 2024 ASSETS $ Cash and cash equivalents Restricted cash Receivables from broker-dealers and clearing firms Accounts receivable Receivables from affiliates Goodwill Intangible assets, net Prepaid expenses and other assets Total assets $ 231,091 975 78,145 243,012 1,361 1,965,509 559,719 16,561 3,096,373 LIABILITIES AND STOCKHOLDER'S EQUITY LIABILITIES: $ Commissions payable Deferred compensation payable Accounts payable and accrued expenses Payables to affiliates Deferred tax liabilities, net Income tax payable Other liabilities Total liabilities 149,322 5,338 22,623 42,388 91,810 39,968 4,764 356,213 Commitments and contingencies (Note 9) STOCKHOLDER'S EQUITY: Common stock, $0.10 par value; 1,500,000 shares authorized; 100,000 shares issued and outstanding Additional paid-in capital Accumulated deficit Total stockholder's equity Total liabilities and stockholder's equity $ 10 3,215,659 (475,509) 2,740,160 3,096,373 See accompanying notes. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 2  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 NOTE 1 – ORGANIZATION AND DESCRIPTION OF THE COMPANY Osaic Wealth, Inc. (the "Company") is a wholly owned subsidiary of OSA, which is a wholly owned subsidiary of OSHI. OSHI is an indirect wholly owned subsidiary of OFSI. The Company is a broker-dealer registered with FINRA and the SEC pursuant to the Securities Exchange Act of 1934 and an investment adviser registered under the Investment Advisers Act of 1940. The Company provides an integrated technology suite of brokerage and investment advisory services and business management tools to independent financial professionals. Through its platform, the Company provides access to diversified financial products and services, enabling its financial professionals to offer personalized financial advice and brokerage services to retail investors (their "clients"). The Company executes its financial professionals' clients' transactions on a fully disclosed basis through unaffiliated clearing firms which carry the accounts and securities of the financial professionals' clients. Consolidation On April 26, 2023, OFSI announced its intent to transition its multi-branded network of wealth management firms to a new, single wealth management brand. During 2024, the Company entered into merger agreements with WFS, SAI, SAA, Triad and APFS, which are companies under common control, to merge the entirety of their broker-dealer and RIA businesses into the Company. During the fourth quarter of 2024, the Company entered into an agreement with AMPA whereby AMPA transferred and contributed certain assets and specified advisor relationships and liabilities related to AMPA's RIA business to the Company. AMPA continued as a legal entity subsequent to the transfer date. The details of the mergers with WFS, SAI, SAA, Triad and APFS, and the transfer from AMPA are noted below: Company WFS SAI SAA Triad APFS AMPA(1) Business type Broker-dealer and RIA Broker-dealer RIA Broker-dealer and RIA Broker-dealer RIA Effective date of merger / transfer January 22, 2024 June 17, 2024 June 17, 2024 August 26, 2024 October 11, 2024 October 11, 2024 (1) A portion of AMPA's business remained with AMPA as it continued as a legal entity subsequent to the transfer on October 11, 2024 as noted above. For additional information, refer to "Note 3 – Common Control Transactions." NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION Basis of Presentation The financial statement was prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of any contingent liabilities at the date of the financial statement. Actual results could differ from those estimates and assumptions. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 3  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 Reportable Segment The Company operates exclusively in the U.S. as one reportable segment as it only reports financial information on a consolidated basis to its CODM. Cash and Cash Equivalents The Company has defined cash equivalents as highly liquid investments with original maturities of less than 90 days that are not held for sale in the ordinary course of business. The Company's cash equivalents include U.S. Treasury bills that have a maturity date of less than 90 days as of the date of purchase, which are measured at fair value. Fair Value of Financial Instruments ASC 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A financial instrument's level within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. However, the determination of what constitutes observable requires judgment. Management considers observable data to be market data, which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary and provided by independent sources that are actively involved in the relevant market. The Company's fair value measurements are evaluated within the fair value hierarchy based on the nature of inputs used to determine the fair value at the measurement date. In accordance with ASC 820, the Company discloses the fair value of its investments in a hierarchy as follows: Level 1: Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2: Inputs, other than quoted prices, that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active. Level 3: Inputs that are unobservable. As of December 31, 2024, the Company had U.S Treasury bills of $123.9 million included within "Cash and cash equivalents" on the Statement of Financial Condition. The fair value of the U.S. Treasury bills was based on quoted prices obtained from independent vendor services calculated on a settlement-date basis as of the close of the period, which are considered Level 1 inputs. The Company had no other material financial instruments recorded at fair value as of December 31, 2024. Restricted Cash Restricted cash consists of cash held by unaffiliated clearing firms as a deposit for maintaining minimum required cash balances that the Company has no intention of accessing as of the date of this report. Receivables from Broker-Dealers and Clearing Firms The clearing operations for the Company's financial professionals' clients' securities transactions are provided by unaffiliated clearing firms. Receivables from broker-dealers and clearing firms primarily consist of cash balances held at these clearing firms which are due to the Company. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 4  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 Goodwill Goodwill represents the excess of consideration transferred over the fair value of the net assets acquired in a business combination. Goodwill is not amortized but rather tested annually for impairment in the fourth fiscal quarter or more frequently as events occur which may indicate that the carrying amount may not be recoverable. When testing goodwill for impairment, the Company may first assess qualitative factors to determine if it is more likely than not (i.e., a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If, based on the qualitative analysis, the Company determines that it is more likely than not that a reporting unit's fair value is greater than its carrying amount, including goodwill, no further analysis is performed. If the Company determines that it is more likely than not that a reporting unit's fair value is less than its carrying amount based on the qualitative analysis, the Company performs a quantitative analysis. In the first step of the quantitative analysis, the Company compares the fair value of a reporting unit to its carrying amount, including goodwill, to determine a potential impairment. If the fair value is less than the carrying amount, the Company performs the second step of the quantitative analysis which consists of comparing the implied fair value of the reporting unit's goodwill with the carrying amount of the goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, the Company recognizes an impairment loss equal to the difference between the implied fair value and the carrying amount. Intangible Assets, Net Intangible assets consist of acquired intangible assets that are deemed to have finite lives and are amortized on a straight-line basis over their estimated useful lives, ranging up to 18 years. The Company monitors the operating and cash flow results related to its intangible assets to identify whether events or changes in circumstances indicate the remaining useful lives of those assets should be adjusted or if the carrying amount may not be recoverable. When indicators of impairment are present, recoverability is measured by comparing the carrying amount to the estimated undiscounted future cash flows expected to be generated by the respective intangible asset. If the carrying amount exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the intangible asset exceeds the estimated fair value. For additional information, see "Note 5 - Intangible Assets, Net." Income Taxes In preparing the financial statement, the Company estimates income tax expense based on various jurisdictions where it conducts business. This requires the Company to estimate current tax obligations and to assess temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities. These temporary differences result in deferred tax assets and liabilities. The Company then must assess the likelihood that the deferred tax assets will be realized. A valuation allowance is established to the extent that it is more likely than not that such deferred tax assets will not be realized. When the Company establishes a valuation allowance or modifies the existing allowance in a certain reporting period, it generally records a corresponding increase or decrease to tax expense. Management makes significant judgments in determining the income tax expense, deferred tax assets and liabilities and any valuation allowances recorded against the deferred tax assets. Changes in the estimate of these taxes occur periodically due to changes in the tax rates, changes in the business operations, implementation of tax planning strategies, resolution with taxing authorities of issues where the Company had previously taken certain tax positions, and newly enacted statutory, judicial and regulatory guidance. These changes could have a material effect on the Company's Statement of Financial Condition in the period or periods in which they occur. The Company recognizes the tax effects of a position in the financial statement only if it is more likely than not to be sustained based solely on its technical merits; otherwise, no benefits of the position are to be recognized. The more-likely- than-not threshold must continue to be met in each reporting period to support continued recognition of a benefit. Moreover, each tax position meeting the recognition threshold is required to be measured as the largest amount that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 5  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 The Company is included in the consolidated federal income tax return of OFSI. In addition, in those states that have a unitary structure, OFSI also plans to file consolidated returns which include the Company. Federal income taxes and state income taxes under unitary structures are calculated as if the Company filed on a separate return basis, and the amount of current tax expense or benefit calculated is either remitted to or received from OFSI. The amount of current taxes payable or refundable is recognized as of the date of the financial statement, utilizing currently enacted tax laws and rates. The Company uses the asset and liability method to account for federal and state taxes in accordance with authoritative guidance under U.S. GAAP on income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected future tax benefits and consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis using currently enacted tax rates for the years in which the temporary differences are expected to reverse. The Company calculates its current and deferred state income taxes using the actual apportionment and statutory rates for states in which the Company is required to file on a separate return basis. Contingent Liabilities The Company recognizes liabilities for contingencies when there is an exposure that, when fully analyzed, indicates it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. If a loss is determined to be probable, the estimated range of possible loss is based upon currently available information and is subject to significant judgment, a variety of assumptions and uncertainties. When a loss is probable and a range of possible loss can be estimated, the Company accrues the most likely amount within that range; if the most likely amount of possible loss within that range is not determinable, the Company accrues the minimum amount in the range. No liability is recognized for those matters which, in management's judgment, the determination of a reasonable estimate of loss is not possible. The Company records liabilities related to legal and regulatory proceedings in "Accounts payable and accrued expenses" in the Statement of Financial Condition. The determination of these liability amounts requires significant judgment on the part of management. Management considers many factors including, but not limited to: the amount of the claim; the amount of the loss in the client's account; the basis and viability of the claim; the possibility of wrongdoing on the part of one of the Company's employees or financial professionals; previous results in similar cases; applicable indemnifications; and legal precedents and case law. The actual costs of resolving legal matters or regulatory proceedings may be substantially higher or lower than the amounts of the liability recorded for such matters. The costs of defense related to legal and regulatory matters are expensed in the period they are incurred. For additional information, see "Note 9 – Commitments and Contingencies." Recently Adopted Accounting Pronouncements ASU 2023-09 — In December 2023, the FASB issued ASU 2023-09, Income Taxes – Improvements to Income Tax Disclosures. This ASU requires (i) annual disclosures of specific categories in the rate reconciliation, (ii) additional disclosures for items in the rate reconciliation which meet or exceed specified thresholds, and (iii) disaggregation of income taxes paid by jurisdiction. The amendments in this ASU were effective and adopted on January 1, 2025 and will be applied prospectively. The adoption of this ASU will not have a material impact on the Company's financial statement. ASU 2023-07 — In November 2023, the FASB issued ASU 2023-07, Segment Reporting – Improvements to Reportable Segment Disclosures. This ASU requires public entities which have a single reportable segment to disclose all existing segment disclosures along with the expanded segment disclosures within this ASU. This ASU expands disclosures to reportable segments by requiring (i) disclosure of significant segment expenses which are regularly provided to the CODM and included within the reported measure(s) of each segment's profit or loss, (ii) the amount and description of the composition of other segment items (defined as the difference between segment revenue less the segment expenses disclosed under the significant expense principle and included in the measure of segment profit or loss), (iii) all annual disclosures of each reportable segment's profit or loss to be disclosed in each interim period, and (iv) disclosure of the title and position of the CODM, along with an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments in this ASU were effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted the provisions of this guidance on January 1, 2024. The adoption of this ASU resulted in new segment disclosures for the Company. For additional information, see "Note 10 – Segments." Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 6  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 Recently Issued Accounting Pronouncements Not Yet Adopted ASU 2023-06 — In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements – Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative. This ASU impacts the disclosure and presentation requirements of various topics within the ASC, including, but not limited to, the statement of cash flows, accounting changes and error corrections, interim reporting, commitments, debt and equity. The amendments in this ASU are effective on the same date each amendment's removal from SEC Regulation S-X or SEC Regulation S-K is effective. If by June 30, 2027, the SEC has not removed the applicable disclosure and presentation requirements from SEC Regulation S-X or SEC Regulation S-K, the pending content in this ASU related to each respective amendment will be removed from the ASC and will not become effective. The amendments in this ASU should be applied prospectively and early adoption is prohibited. The Company does not expect the adoption of this ASU to have a material impact on its financial statement. NOTE 3 – COMMON CONTROL TRANSACTIONS During the year ended December 31, 2024, WFS, SAI, SAA, Triad and APFS merged the entirety of their businesses into the Company as non-cash transactions. All assets and liabilities were merged at OSHI's carrying values, and they did not continue operations subsequent to the merger date. On October 11, 2024, AMPA transferred and contributed certain assets and specified financial professional relationships and liabilities related to its RIA business to the Company. All assets and liabilities were transferred at OSHI's carrying values, and AMPA continued as a legal entity subsequent to the transfer date. The Company's financial statement and notes thereto as of December 31, 2024 reflect the transferred assets and liabilities as of January 1, 2024. The transfer from AMPA and the mergers with WFS, SAI, SAA, Triad and APFS were accounted for as transactions between entities under common control in accordance with ASC 805, Business Combinations. A common control transaction that results in a change in reporting entity requires that the entities be combined by the entity that receives the net assets (i.e., the Company) as if the change had been in effect since the beginning of the period being presented. Therefore, the Company's financial statement and notes thereto as of December 31, 2024 reflect the transferred assets and liabilities at their respective carrying values as of January 1, 2024, as if the entities had been combined from the beginning of the period. No new goodwill was recognized as a result of these transactions. All intercompany transactions and account balances between the Company, WFS, SAI, SAA, Triad, APFS and AMPA have been eliminated. The following table presents the assets and liabilities transferred to the Company as a result of the common control transactions (in thousands): As of January 1, 2024: $ Assets Liabilities Net assets $ 1,624,209 182,659 1,441,550 Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 7  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 NOTE 4 – ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of December 31, 2024 (in thousands): $ Commission and advisory revenue receivable Clearing credit and cash sweep revenue receivable Strategic Partnership Sponsors revenue receivable Other Total accounts receivable $ 143,682 42,258 44,541 12,531 243,012 NOTE 5 – INTANGIBLE ASSETS, NET As a result of the transfer from AMPA, and the mergers with WFS, SAI, SAA, Triad and APFS, the Company recorded approximately $339.2 million of financial professional relationships, $4.5 million of non-competition agreements, $4.2 million of technology, and $4.0 million of trade names at net carrying values as of January 1, 2024. The non-competition agreements and technology assets became fully amortized in 2024 and were disposed of in connection with the AMPA transfer and APFS merger. For more information, see "Note 3 – Common Control Transactions." Intangible assets, net consisted of the following as of December 31, 2024 (in thousands): Weighted- Average Life Remaining (in years) Gross Carrying Value Accumulated Amortization Net Carrying Value Financial professional relationships Trade names 4.5 $ — Total intangible assets $ 1,224,577 $ 55,113 1,279,690 $ (664,858) $ (55,113) (719,971) $ 559,719 — 559,719 NOTE 6 – INCOME TAXES The following table presents the components of deferred tax assets (liabilities) as of December 31, 2024 (in thousands): Deferred tax assets: $ Capitalized research & development costs (Sec. 174) Accrued compensation State taxes Net operating losses Accrued expenses Other Total deferred tax assets 21,554 1,408 4,981 3,603 2,361 828 34,735 Deferred tax liabilities: Intangible assets Prepaid expenses (120,755) (3,285) Other (2,505) Total deferred tax liabilities (126,545) Deferred tax liabilities, net $ (91,810) Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 8  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense. As of December 31, 2024, the Company had no liability recorded for unrecognized tax benefits. The Company files income tax returns in the federal jurisdiction, as well as most state jurisdictions, which are subject to routine examinations by the respective taxing authorities. In the federal jurisdiction, the tax years of 2021 to 2024 remain open to examination, and in the state jurisdictions, the tax years of 2020 to 2024 remain open to examination as of December 31, 2024. The Company does not have any tax positions at the end of the year for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within 12 months of the reporting date. NOTE 7 – RELATED PARTY TRANSACTIONS "Receivables from affiliates" and "Payables to affiliates," as shown on the Statement of Financial Condition, are generally settled in cash on a monthly basis. OSA allocates certain revenues and expenses to the Company which results in receivables from and payables to OSA. Loans to Financial Professionals Loans to financial professionals represent amounts provided primarily as recruiting and retention incentives. All new loans to financial professionals are funded by and recorded at OSA, who is the loan counterparty. The loans are either repaid by the financial professionals based on a fixed repayment schedule using an incentive bonus provided by OSA or, in the case of forgivable loans, are amortized on a straight-line basis over the stated life of the loan. The expense related to incentive bonuses provided for loan repayments and forgivable loan amortization is charged to the Company by OSA. If a financial professional terminates their affiliation with the Company prior to the loan maturity date, the remaining balance becomes payable immediately, and payments are made to OSA. OSA has established an allowance for credit losses to offset amounts deemed uncollectible. In estimating an allowance for credit losses, management considers (i) whether the financial professional is actively affiliated with the Company or has terminated their affiliation with the Company, (ii) historical collection rates, (iii) current conditions and (iv) management forecasts. Credit losses from uncollectible balances or subsequent recoveries are charged to the Company by OSA. As of December 31, 2024, unamortized loans to financial professionals of $350.8 million were recorded on OSA related to affiliated financial professionals of the Company. Sponsor Investment in Affiliate On November 25, 2024, OSHI's sponsor, Reverence Capital Partners, L.P. ("Reverence"), participated, along with several other firms, in the acquisition of a company which also provides wealth management technology to the Company for its affiliated financial professionals. The transaction did not impact the financial statement of the Company. SEIA OSHI owns a 9.9% interest in SEIA, and OSHI's sponsor, Reverence, owns a 55.1% interest. SEIA is an RIA firm offering investment management and financial planning services. Certain of the Company's financial professionals use SEIA's advisory platform and generate advisory revenues through this platform. NOTE 8 – NET CAPITAL REQUIREMENTS AND EXEMPTIONS The Company operates in a highly regulated industry. Applicable laws and regulations restrict permissible activities and investments and require compliance with various financial and client-related regulations. The consequences of noncompliance can include substantial monetary and non-monetary sanctions. In addition, the Company is subject to periodic examinations and supervision by various governmental and self-regulatory organizations. Certain withdrawals, including the Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 9  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 payment of dividends, require the approval of the SEC and FINRA to the extent they exceed defined levels, even though such withdrawals would not cause net capital to be less than the minimum requirements. The Company is subject to the SEC's Net Capital Rule, which requires the maintenance of minimum net capital. The Company elected to compute net capital under the alternative method as permitted by SEC Rule 15c3-1, which requires the Company to maintain minimum net capital equal to the greater of $250,000 or 2% of aggregate debit items. Net capital can fluctuate on a daily basis. The net capital and net capital requirements for the Company as of December 31, 2024 are summarized in the following table (in thousands): Net Capital Required Minimum Net Capital Excess Net Capital $ 161,912 $ 250 $ 161,662 The Company is exempt from the computation for the determination of customer and PAB account reserve requirements and possession or control requirements under SEC Rule 15c3-3(k)(2)(i) and (k)(2)(ii) and because the Company's other business activities met the requirements specified in Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5. NOTE 9 – COMMITMENTS AND CONTINGENCIES Legal and Regulatory Matters The Company is subject to claims and lawsuits arising in the normal course of business. The Company maintains errors and omissions insurance for certain claims and lawsuits. Amounts not covered by indemnification or insurance, including amounts less than the insurance deductible, will be paid directly by the Company. In addition, in the normal course of business, the Company discusses matters with its regulators raised during regulatory examinations or other inquiries. These matters could result in censures, fines, penalties or other sanctions. A purported class action regarding private placements offered by GPB Capital Holdings, LLC ("GPB") has named the Company as a defendant. This lawsuit was filed in the United States District Court for the Western District of Texas in October 2019 against GPB and a number of other defendants including its founder, distributing broker-dealer, auditor, fund administrator and approximately 76 broker-dealers that offered its funds, including the Company. The lawsuit alleges, among other things, fraud, breach of fiduciary duty, negligence and violations of the Texas Securities Act in connection with sales of private placements offered by GPB. Damages are unspecified. The Company intends to vigorously defend against these matters. On August 14, 2024, the Company and Osaic Services, Inc. ("OS"), an indirect wholly owned subsidiary of OSHI, were the subject of an Order Instituting Administrative and Cease-And-Desist Proceedings (the "Order") by the SEC pursuant to the SEC's industry-wide review of the use of off-channel communications by persons associated with broker-dealers and investment advisers. The Order required the firms to jointly and severally pay a fine of $18 million in the aggregate and to agree to certain undertakings, including retention of a compliance consultant. As a result of the transfer of OS's broker-dealer and RIA business to the Company on September 1, 2023, any recorded and unrecorded liabilities related to OS that existed as of September 1, 2023 were transferred to the Company. The Company paid the fine in full during the third quarter of 2024. Four separate multi-claimant FINRA arbitration claims have named the Company as respondent with regard to certain limited partnership investments that were connected to a former financial professional of the Company. The claims allege responsibility by the Company for the actions of its former financial professional in relation to the partnership investments, and they also allege failure in supervision of the financial professional. Damages are unspecified and are not estimable at this time for a majority of claimants. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 10  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 As of December 31, 2024, the Company accrued approximately $14.1 million for legal and regulatory matters. Refer to "Note 2 – Significant Accounting Policies and Basis of Presentation" for a discussion of the criteria for recognizing liabilities for contingencies. The Company may incur losses in addition to amounts accrued where the losses are greater than estimated by management, or for matters for which an unfavorable outcome is considered reasonably possible, but not probable. The Company estimates that the aggregate range of reasonably possible losses in excess of amounts accrued is from $0 to $18.7 million as of December 31, 2024. This estimated aggregate range of reasonably possible losses is based upon currently available information and takes into account the Company's best estimate of reasonably possible losses for matters as to which an estimate can be made. For certain matters, the Company does not believe an estimate can currently be made as some matters are in preliminary stages and some matters have no specific amounts claimed. The Company's estimate involves significant judgment given the varying stages of the proceedings and the inherent uncertainty of predicting outcomes. The estimated range will change from time to time as the underlying matters, stages of proceedings and available information change. Actual losses may vary significantly from the current estimated range. The Company believes, based on its current knowledge and after consultation with counsel, that the ultimate disposition of these legal and regulatory matters, individually or in the aggregate, is not likely to have a material adverse effect on the Company's financial condition. However, in the event of unexpected future developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be material to the Company's results of operations for any particular period. Indemnifications In the normal course of business, the Company provides indemnifications and guarantees to certain service providers, such as clearing and custody agents, trustees and administrators, against specified potential losses in connection with their acting as an agent of, or providing services to, the Company. The Company also indemnifies some clients against potential losses incurred in the event specified third-party service providers, including sub-custodians and third-party brokers, improperly execute transactions. The Company has not recorded any contingent liability in the financial statement for these indemnifications as any potential payments under these agreements cannot be estimated and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. The Company provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally agrees to indemnify them against potential losses caused by the breach of those representations and warranties. The Company may also provide standard indemnifications to some counterparties to protect them in the event additional taxes are owed, or payments are withheld, due either to a change in or adverse application of certain tax laws. These indemnifications generally are standard contractual terms and are entered into in the normal course of business. The Company has not recorded any contingent liability in the financial statement for these indemnifications as any potential payments under these agreements cannot be estimated and the contingencies triggering the obligation to indemnify have not occurred and are not expected to occur. Clearing Firms In the normal course of business, the Company's client activities involve the execution, settlement and financing of various client securities transactions. The Company uses unaffiliated clearing firms to execute certain client transactions. Such transactions may expose the Company and the clearing firms to significant off-balance-sheet risk in the event margin requirements are not sufficient to fully cover losses which clients may incur. In the event clients fail to satisfy their obligations, the Company may be required to purchase or sell securities at prevailing market prices in order to fulfill the clients' obligations. The Company does not expect nonperformance by clients. There is no maximum risk of loss under such arrangement. Based on experience, the Company does not believe any potential losses will be material. Concentrations of Credit Risk The Company has receivables from unaffiliated clearing firms, which represent a concentration of credit risk should these clearing firms be unable to fulfill their obligations. Based on management's analysis and historical collections, there is no allowance established for receivables from unaffiliated clearing firms as of December 31, 2024 as the amounts are considered collectible. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 11  Osaic Wealth, Inc. (An indirect wholly owned subsidiary of Osaic Holdings, Inc.) Notes to Financial Statement December 31, 2024 The Company maintains cash in bank deposit accounts at nationally recognized financial institutions, which, at times, may exceed federally-insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash. NOTE 10 – SEGMENTS The Company operates exclusively in the U.S. as one reportable segment and is managed on a consolidated basis. The Company provides an integrated technology suite of brokerage and investment advisory services and business management tools to independent financial professionals. For additional details about the Company's services, refer to "Note 1 – Organization and Description of the Company." The Company's CODM is the Chief Accounting Officer. The CODM evaluates the performance of, and allocates resources to, the Company based on net capital, which is not a measure of profit or loss. The CODM utilizes the monthly net capital analysis to determine what, if any, capital may be withdrawn and distributed to the parent company, or if a capital contribution is needed. For additional information relating to the Company's net capital, refer to "Note 8 – Net Capital Requirements and Exemptions." NOTE 11 – SUBSEQUENT EVENTS Management of the Company has performed an evaluation of subsequent events through February 21, 2025, which is the date the financial statement was available to be issued. On January 24, 2025, Osaic FA, Inc. and Osaic FS, Inc., which are companies under common control, merged the entirety of their broker-dealer and RIA businesses into the Company as non-cash transactions. Filed pursuant to SEC Rule 17a-5(e)(3) under the Securities Exchange Act of 1934 as a PUBLIC DOCUMENT. 12