PETROVIC FINANCIAL SOLUTIONS LLC

Item 1 – Cover Page Form ADV Part 2A Brochure APS Ventures, LLC Doing Business As “Tax Favored Retirement” 8500 NE Sam Ray Rd. Kansas City, MO 64156 (816) 534-8615 March 31, 2025 This Brochure provides information about the qualifications and business practices of APS Ventures, LLC, doing business as “Tax Favored Retirement”. If you have any questions about the contents of this Brochure, please contact us at (913) 515-1592. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. APS Ventures, LLC, doing business as “Tax Favored Retirement” is a registered investment adviser. Registration as an investment adviser does not imply any level of skill or training. The oral and written communications of an adviser provide you with information from which you can determine whether to hire or retain an adviser. Additional information about the firm is also available via the SEC’s web site www.adviserinfo.sec.gov. The SEC’s web site also provides information about any persons affiliated with the firm who are registered as investment adviser representatives of the firm. i  Item 2 – Material Changes This Brochure dated March 31, 2025, represents the annual amendment to the Brochure for APS Ventures, LLC, doing business as “Tax Favored Retirement”. Since the filing of the last annual update Brochure on February 13, 2024, subsequently amended May 09, 2024 and October 30, 2024, we have added detail about financial planning services we now offer and updated detail about our billing practices. We have also made other minor updates but no other material changes were made. Pursuant to regulatory requirements, we will deliver to you a summary of any material changes to this and subsequent Brochures within 120 days of the close of our fiscal year. We may further provide other ongoing disclosure information about material changes as necessary. All such information will be provided to you free of charge. Currently, our Brochure may be requested by contacting us at (913) 515-1592. Additional information about the firm is also available via the SEC’s web site www.adviserinfo.sec.gov. The SEC’s web site also provides information about any persons affiliated with the firm who are registered as investment adviser representatives of the firm. ii  Item 3 - Table of Contents Item 1 – Cover Page ....................................................................................................................................... i Item 2 – Material Changes ............................................................................................................................ ii Item 3 - Table of Contents ........................................................................................................................... iii Item 4 – Advisory Business .......................................................................................................................... 1 Item 5 – Fees and Compensation .................................................................................................................. 3 Item 6 – Performance-Based Fees and Side-By-Side Management ............................................................. 4 Item 7 – Types of Clients .............................................................................................................................. 5 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ....................................................... 5 Item 9 – Disciplinary Information ................................................................................................................ 6 Item 10 – Other Financial Industry Activities and Affiliations .................................................................... 6 Item 11 – Code of Ethics .............................................................................................................................. 6 Item 12 – Brokerage Practices ...................................................................................................................... 7 Item 13 – Review of Accounts ...................................................................................................................... 9 Item 14 – Client Referrals and Other Compensation .................................................................................. 10 Item 15 – Custody ....................................................................................................................................... 10 Item 16 – Investment Discretion ................................................................................................................. 11 Item 17 – Voting Client Securities .............................................................................................................. 11 Item 18 – Financial Information ................................................................................................................. 11 Brochure Supplement(s) iii  Item 4 – Advisory Business APS Ventures, LLC, doing business as “Tax Favored Retirement” (CRD # 298519) is registered as an investment adviser with the state of Missouri and Kansas. Tax Favored Retirement is based in Missouri and is organized as a limited liability company under the laws of the State of Kansas. Tax Favored Retirement’s principal office and place of business is located at 8500 NE Sam Ray Rd., Kansas City, MO 64156. Regular business hours are Monday through Friday 8:30 am to 5:00 pm. The firm can be contacted by phone at (816) 534-8615. The firm is owned by Andrew Surber who also serves as the firm’s Chief Compliance Officer. Tax Favored Retirement provides general wealth management services to individual investors and retirement plan services to retirement plans and plans sponsors as described below. Investment Management Services Tax Favored Retirement provides ongoing discretionary and non-discretionary portfolio management services to individuals, families and businesses. When providing portfolio management services, the firm not only makes recommendations related to investments and outside managers, but also implements these recommendations and provides ongoing monitoring and reporting. Clients may elect to give the firm discretion to make all decisions (discretionary management), or may prefer to approve all decisions before implementation (non-discretionary management). Financial Planning Services Additionally, Tax Favored Retirement provides project oriented and ongoing financial planning services to individuals and families where the firm offers advice or other strategic assistance in areas such as education funding, retirement planning, estate planning, risk management, employee benefits planning, tax planning, etc. When engaged to provide financial planning assistance, clients are responsible for determining whether or not to implement a recommendation, and if they decide to do so, are responsible for implementation. The details of an engagement vary on a case by case basis depending on the complexity of the client’s financial situation. Generally, however, an engagement involves identification of goals and objectives, collection and analysis of data, formulation of a strategy, and preparation of a written plan. Ongoing engagements include ongoing advice and strategic assistance in financial planning areas. 1  Retirement Plan Services Tax Favored Retirement also provides retirement plan services to businesses which may include plan level services such as discretionary management services, non-discretionary management services, and investment advisory services related to different types of retirement plans. When providing management services, the firm is responsible for implementing recommendations. When the firm is providing advisory services, the client is responsible for implementation of recommendations. General Service Information Regardless of services provided, each are tailored to the individual needs of a particular client (whether an individual, a family, or a business) through an assessment conducted prior to an engagement. Clients may impose restrictions related to the level of discretion granted, the types of investments used, etc. Terms of an actual engagement, including description of service, limitations and restrictions, fees, etc., are all detailed before any engagement begins in a written client agreement. Because Tax Favored Retirement is a registered investment adviser, we are required to meet certain fiduciary standards when providing investment advice to clients. Additionally, when we provide investment advice related to a retirement plan account or an individual retirement account, we are considered fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. As such, we are required to act in your best interest and not put our interest ahead of yours, even though our compensation creates some conflicts with your interests in that the more you have us manage, the more we can earn. Our clients however are under no obligation to use services recommended by our associated persons. Furthermore, we believe that our recommendations are in the best interests of our clients and are consistent with our clients’ needs. As of December 31, 2024, the firm managed $30,833,788 in assets, all of which was managed on a discretionary basis. 2  Item 5 – Fees and Compensation Investment Management Services Fees charged for discretionary and non-discretionary investment management services are negotiated prior to the engagement at a rate not to exceed 1.50%, although the firm may agree to performance-based arrangements in very limited cases. Fees for investment management services are charged monthly in arrears according to the Fee Schedule provided in the applicable client agreement and custodian documentation. Fee calculation methods vary depending on the custodian used. If an Agreement commences or is terminated during a calendar month, the fee will be pro-rated. Services may be terminated at any time by either party with 30 days written notice to the other party, and fees will be adjusted accordingly. All management fees paid to the firm are separate and unrelated to any fees or expenses assessed by mutual funds or exchange traded funds, or to any trade commission charged by an account custodian, although trade commissions may at times be paid by the firm at the firm’s discretion. Information pertaining to fund-generated fees and expenses can be found in mutual fund and exchange traded fund prospectuses. Information related to brokerage practices can be found in Item 12 below. Financial Planning Services Fees charged for financial planning services are quoted in advance and charged at a fixed amount or are quoted on an hourly basis. Quoted fixed fees will be based on the complexity and level of service provided on a case by case basis (e.g. review information, clarify objectives with client, prepare written plan, present to Client, etc.). Fixed fee ranges up to $2,500 for individuals or up to $10,000 for businesses. Hourly fees will also be estimated based on the complexity and level of service provided on a case by case basis. Hourly rated range from $175 to $250 per hour. As mentioned above, services may include planning in areas such as education funding, retirement planning, estate planning, risk management, employee benefits planning, tax planning, etc. Ongoing engagement include ongoing advice and strategic assistance in financial planning areas. Since each of these areas can vary in complexity depending on the complexity of the client’s financial situation, cost will vary as well. Fees are negotiable depending on the circumstances of the engagement and location and will be quoted at the beginning of the term. Fees for ongoing engagement (and amounts due in advance) will be quoted at the inception of the ongoing engagement. 3  Fees for projects are billed directly to the client in arrears, although a portion of which will be billed in advance (but not above $500 for more than 6 months) for new clients. Fees for ongoing services are billed monthly in arrears, although up to 50% of which will be billed in advance (but not above $500 for more than 6 months). Services may be terminated at any time by either party and fees will be prorated based on the degree to which services have been completed. Any payments made in advance will be prorated and any unearned fees will be refunded to the client. All financial planning fees paid to Tax Favored Retirement are separate and unrelated to any fees or expenses assessed by any broker, custodian, or other outside party. Retirement Plan Services Fees charged for retirement plan services may be charged in advance or in arrears depending on the service provided. Fees may be fixed or asset based (not to exceed 1.50% annually), and are negotiable depending on the complexity of the service. Fee levels (whether fixed or asset based) are primarily based on actual services to be provided. Fees may be deducted directly from client accounts on a quarterly basis, or clients may elect to alternatively pay fees by check or wire transfer. There is a minimum annual fee of $1,000 per plan. Services may be terminated at any time by either party with 30 days written notice to the other party, and fees will be prorated accordingly. Any payments made in advance will be prorated and refunded to the client. All retirement plan fees paid to Tax Favored Retirement are separate and unrelated to any fees or expenses assessed by any broker, custodian, or other outside party. Item 6 – Performance-Based Fees and Side-By-Side Management Tax Favored Retirement may in limited cases charge performance-based fees (fees based on a share of capital gains on or capital appreciation of the assets of a client). A conflict of interest exists when a firm simultaneously manages performance based and non-performance based accounts because the firm may have an incentive to favor those accounts for which the firm receives a performance based fee. To address this conflict of interest, the firm would treat all accounts in an equitable manner regardless of fee arrangement. 4  Item 7 – Types of Clients Tax Favored Retirement provides services to individuals, businesses and retirement plans. For its investment management services, Tax Favored Retirement has a minimum account size of $1,000,000 in assets for establishing or maintaining a client’s account, but the firm reserves the right to waive account minimums at its discretion. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Tax Favored Retirement's general investment strategy is to attempt to reduce risk and volatility while increasing average returns by building portfolios that are simple to monitor and nimble to adjust. Tax Favored Retirement primarily uses stock and bonds, with occasional use of mutual funds, open and closed, and ETFs. Tax Favored Retirement uses both fundamental and technical analysis to select investments. Tax Favored Retirement may use or recommend various other investment vehicles or outside investment managers in the implementation of our strategies. Strategies may also include long- term purchases (securities held at least a year), short-term purchases (securities sold within a year), trading (securities sold within 30 days), margin and options. Information about strategies used by outside investment managers can be found in the applicable manager’s Form ADV Part 2 Disclosure Brochure which is available upon request. Investing in securities involves risk of loss that clients should be prepared to bear. Such risks include market risk, interest rate risk, currency risk, political risk, and loss of capital, among others. Additionally, certain trading strategies can affect investment performance through increased brokerage and other transactions. Each client’s propensity for risk however is thoroughly evaluated, documented, and considered throughout the portfolio implementation process. Although Tax Favored Retirement intends to manage risk though the careful selection of investments, no investment strategy can ensure a profit or avoid a loss. 5  Item 9 – Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to the evaluation of the firm or the integrity of its management. Tax Favored Retirement is currently not subject to, nor has ever been subject to, any legal or disciplinary events of a material nature. Item 10 – Other Financial Industry Activities and Affiliations Tax Favored Retirement does not participate in any other financial industry activities and has no other financial industry affiliations. Item 11 – Code of Ethics Code of Ethics Tax Favored Retirement has adopted a Code of Ethics expressing the firm's commitment to ethical conduct. The Tax Favored Retirement Code of Ethics describes the firm's fiduciary duties and responsibilities to clients, and details practices for reviewing the personal securities transactions of supervised persons with access to client information. The Code also requires compliance with applicable securities laws, addresses insider trading, and details possible disciplinary measures for violations. Tax Favored Retirement will provide a complete copy of its Code of Ethics to any client upon request to the Chief Compliance Officer. Trading Conflicts of Interest Individuals associated with Tax Favored Retirement are permitted to buy or sell securities for their personal accounts identical to or different than those recommended to clients. However, no person employed by Tax Favored Retirement is allowed to favor his or her own interest over that of a client or make personal investment decisions based on the investment decisions of advisory clients. In order to address potential conflicts of interest, Tax Favored Retirement requires that associated persons with access to advisory recommendations provide annual securities holdings 6  reports and quarterly transaction reports to the firm's Chief Compliance Officer. Tax Favored Retirement also requires prior approval from the Chief Compliance Officer for investing in any IPOs or private placements (limited offerings). Item 12 – Brokerage Practices The Custodian and Brokers We Use We do not maintain custody of client assets. Instead, we require all client assets be maintained in an account at a non-affiliated “qualified custodian,” generally a broker-dealer or bank. We are not affiliated with any particular custodian but instead all custodians are independently owned and operated. The custodian will hold your assets in a brokerage account and will be able to buy and sell securities on your behalf. While we may recommend that you use a particular custodian/broker, you will ultimately decide whether to do so and will open your account with the custodian/broker by entering into an account agreement directly with one of them. We cannot actually open accounts for you, but we can assist you in opening an account at whatever custodian/broker you decide to use. If you direct us to use a specific broker, we may not be able to achieve the most favorable execution of your transactions because for example we may not be able to aggregate orders to reduce costs. Therefore, directing us to use a specific broker may cost more money. How We Select Custodians and Brokers When recommending a custodian or broker for our clients, we consider many different factors including quality of service, types of services offered, overall capability, execution quality, competitiveness of transaction costs, availability of investment research, reputation of the firm, and financial resources, among other things. In determining the reasonableness of a broker’s compensation, we consider the overall cost to you relative to the benefits you receive, both directly and indirectly, from the broker. Your Brokerage and Custody Costs Our clients receive various services directly from our custodians. For our clients’ accounts that they maintain, the custodian generally does not charge separately for custody services but instead 7  is compensated by charging commissions or other fees on trades that it executes or trades that are executed by other brokers to and from the custodial accounts. Fees applicable to our client accounts were negotiated based on the condition that our clients collectively maintain a certain level of assets at the custodian. We feel this commitment benefits you because we expect the overall rates you pay will be lower than they might be otherwise. Since custodians often charge clients a fee for each trade that we have executed by a different broker-dealer, we have the custodians execute most trades for your account in order to minimize your trading costs. We have determined that having the custodians execute most trades is consistent with our duty to seek “best execution” of your trades. Best execution means seeking the most favorable terms for a transaction based on all relevant factors, including those listed above. Products and Services Available to Us from Brokers/Custodians The custodians provide us and our clients with access to its institutional brokerage services like trading, custody, reporting, and related services, many of which are not typically available to retail customers. The custodians also make available various support services, some of which may help us manage or administer our clients’ accounts, while others may help us manage and grow our business. Other institutional brokerage services which benefit you directly include access to a broad range of investment products, execution of securities transactions, and asset custody. The investment products available through the custodians include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our clients. The custodians may also make available to us other products and services that benefit us but may not directly benefit you or your account. These products and services assist us in managing and administering our clients’ accounts. They include investment research, both the custodians’ own and that of third parties. We may use this research to service all or a substantial number of our clients’ accounts, including accounts not maintained at the custodians. In addition to investment research, the custodians may also make available software and other technology that provide access to client account data, facilitates trade execution for multiple client accounts, provides pricing and other market data, facilitates payment of our fees from our clients’ accounts, and assists with back-office functions, recordkeeping, and client reporting. The custodians may also offer other services intended to help us manage and further develop our business. These services include educational conferences and events, consulting on technology, 8  compliance, legal, and business needs, publications and conferences on practice management and business succession, and access to employee benefits providers, human capital consultants, and insurance providers. The availability of these services from the custodians benefit us because we do not have to produce or purchase them. Of course, this may give us an incentive to recommend that you maintain your account with a particular custodian based on our interests rather than yours, which is a potential conflict of interest. We believe, however, that our recommendation of a custodian is in the best interests of our clients, and is primarily supported by the scope, quality, and price of the custodian’s services and not the custodian’s services that benefit only us. Aggregation of Transactions Tax Favored Retirement may, from time to time, aggregate client orders into blocks in order to facilitate more efficient account management and execution. When aggregating orders, an average price is given to all participants in the block, or other measures are taken, in order to treat all accounts fairly. Item 13 – Review of Accounts Review of Accounts Accounts are generally reviewed on a weekly, monthly, quarterly, semi-annual basis, or annual basis depending on the type of account. Reviews may be general in nature, addressing investment objectives, risk tolerances or asset allocations, or they may be more detailed, depending on circumstances. The level of detail of the review is generally triggered by factors such as market, political, or economic conditions, or the client's individual financial situation. Clients should notify the firm of any material personal financial changes. Regular Reports Provided to Clients In addition to the monthly statements and confirmations of transaction that clients receive from the custodian, Tax Favored Retirement may provide other reports directly to the client from time 9  to time depending on the type of engagement. Investment management clients for example may receive periodic holdings and or performance related reports. Financial planning clients may receive a planning analysis but do not receive regular reports from Tax Favored Retirement. Tax Favored Retirement urges clients to carefully review custodial statements and compare them to the reports which we may provide. Item 14 – Client Referrals and Other Compensation Tax Favored Retirement does not compensate any outside parties for client referrals, nor do we receive any compensation or non-cash economic benefit for client referrals. The firm may, however, share fees with outside managers. Tax Favored Retirement does, however, receive economic benefits from our custodian in the form of the support products and services that are made available to us and to other independent investment advisors. These products and services, how they benefit us, and the related conflicts of interest are described in Item 12 above. The firm may also on limited occasions receive travel expense reimbursements for industry meetings related to market analysis, investment strategies, and practice management. The availability to us of these economic benefits is not based on us giving particular investment advice, such as buying or recommending particular securities for our clients. Furthermore, our representatives are required to make all investment decisions and recommendations based solely on the interests of the applicable client. Item 15 – Custody As noted in Item 12, Tax Favored Retirement recommends that clients’ assets be held by a qualified custodian. Although we do not hold assets, we may have limited control in some instances to trade on your behalf, to deduct our advisory fees from your account with your authorization, or to request disbursements to you or outside parties (although various types of written authorizations are required depending on the types of disbursements). You will receive account statements directly from your custodian at least quarterly, which will be sent to the email or postal mailing address you provide. Tax Favored Retirement urges clients 10  to carefully review custodial statements and compare them to any account reports that we might provide. Item 16 – Investment Discretion Tax Favored Retirement will accept discretionary authority to manage securities accounts on behalf of clients, although we will also accept non-discretionary accounts. The firm and its clients may also delegate authority to outside managers. When granted authority to manage accounts, Tax Favored Retirement customarily has the authority to determine which securities and the amounts that are bought or sold. Any discretionary authority accepted by Tax Favored Retirement, however, is subject to the client’s risk profile and investment objectives, and may be limited by any other limitations provided by the client in writing. Neither Tax Favored Retirement nor outside managers will exercise discretionary authority until they have been given authority to do so in writing. Such authority is granted in the written agreement with the client, and in the written agreement with the third party custodian. Item 17 – Voting Client Securities Tax Favored Retirement does not vote proxies on behalf of clients. Clients may however contact the firm with questions about proxies they receive from their custodian. Item 18 – Financial Information Registered investment advisers are required in some cases to provide certain financial information and/or disclosures about their financial condition. For example, if the firm requires prepayment of fees for six months in advance, has custody of client funds, or has a condition that is reasonably likely to impair its ability to meet it contractual commitments to its clients, it must provide financial information and make disclosures. 11  Tax Favored Retirement has no financial or operating conditions which trigger such additional reporting requirements. Item 19 – Requirements for State-Registered Advisers Andrew Surber is the owner of the firm and serves as the firm’s Chief Compliance Officer. Further information regarding Mr. Surber can be found in Item 4 above and in the attached Part 2B Supplement. State registered firms are required to make additional disclosures if a) the firm is compensated for advisory services with performance based fees, b) the firm or any of its management persons has been involved in certain types of arbitration, civil, or administrative claims, or c) the firm or any of its management persons has a relationship or arrangement with any issuer of securities. Neither Tax Favored Retirement nor any of its management persons has any such arrangements, nor has been involved in any such actions, which require additional disclosures. Kansas registered firms are also required to disclose whether the firm carries professional liability insurance coverage for its investment advisory services. The firm does carry professional liability insurance coverage and will provide any client or prospective Kansas client proof of coverage upon request to the Chief Compliance Officer. 12  Item 1 – Cover Page Form ADV Part 2B Brochure Supplement Andrew Surber APS Ventures, LLC Doing Business As “Tax Favored Retirement” 8500 NE Sam Ray Rd. Kansas City, MO 64156 (816) 534-8615 March 31, 2025 This brochure supplement provides information about Andrew Surber that supplements APS Ventures, LLC brochure. You should have received a copy of that brochure. Please contact us at (913) 515-1592 if you did not receive the APS Ventures, LLC brochure or if you have any questions about the contents of this supplement. Additional information about Andrew Surber is available on the SEC’s website at www.adviserinfo.sec.gov. 13  Item 2- Educational Background and Business Experience Andrew Surber, Born 1979 Education Background: Baker University: Bachelor of Business Administration, 2006 Business Background: APS Ventures, LLC/Tax Favored Retirement, Managing Member/IAR, 08/2018 to present Private Client Services, LLC, Registered Representative, 04/2018 - 09/2018 Prime Capital Investment Advisors, LLC, Investment Advisor Rep., 07/2017 to 09/2018 Prevail Innovative Wealth Strategies, Insurance Agent, 06/2017 to 09/2018 Ohio National Life Insurance Co., Insurance Agent, 10/2011 to 09/2018 Cambridge Investment Research, Inc., Registered Representative, 08/2011 to 04/2018 Lawing Financial Inc, Investment Advisor Representative, 10/2011 to 10/2017 Lawing Financial Inc, Insurance Agent, 10/2011 to 06/2017 Self‐employed, Consultant, 03/2011 to 12/2012 Ryder, Retail Account Manager, 04/2008 to 07/2011 Surber Investment Properties, Owner, 01/2005 to 04/2008 Item 3- Disciplinary Information Investment adviser representatives are required to disclose all material facts regarding certain legal or disciplinary events that would be material to the evaluation of the representative. Andrew Surber has no legal or disciplinary events to report. Item 4- Other Business Activities Mr. Surber has no other business activities or financial industry affiliations. Item 5- Additional Compensation Mr. Surber does not receive any economic benefits, sales awards, or other compensation in connection with providing advisory services to clients. 14  Item 6 - Supervision Mr. Surber, the Managing Member of the firm, is the owner of the firm and consequently does not report to a supervisor. Mr. Surber as the firm’s Chief Compliance Officer is responsible for oversight if the firm’s policies and procedures. Mr. Surber may be reached by phone at (816) 534-8615. Item 7- Requirements for State-Registered Advisers State registered investment adviser representatives are required to disclose all material facts regarding certain legal, disciplinary or financial events that would be material to the evaluation of the representative. Mr. Surber filed for voluntary Chapter 7 bankruptcy in October of 2009 to resolve real estate investment losses incurred as a result of the 2007-2008 housing market crash. Mr. Surber is currently not subject to, nor has ever been subject to, any other legal, disciplinary or financial events of this nature. 15  Item 1 – Cover Page Form ADV Part 2B Brochure Supplement Douglas W. Garrett APS Ventures, LLC Doing Business As “Tax Favored Retirement” 8500 NE Sam Ray Rd. Kansas City, MO 64156 (816) 534-8615 March 31, 2025 This brochure supplement provides information about Douglas W. Garrett that supplements Tax Favored Retirement brochure. You should have received a copy of that brochure. Please contact us at (913) 515-1592 if you did not receive the Tax Favored Retirement brochure or if you have any questions about the contents of this supplement. Additional information about Douglas W. Garrett is available on the SEC’s website at www.adviserinfo.sec.gov. 16  Item 2- Educational Background and Business Experience Douglas W. Garrett, Born 1962 Education Background: Sabetha High School, Sabetha, Kansas, graduated 1980 Business Background: APS Ventures, LLC/Tax Favored Retirement, Investment Advisor Representative, 01/2019 to present Garrett Enterprises, Inc., CFO, 01/1983 to present Item 3- Disciplinary Information Investment adviser representatives are required to disclose all material facts regarding certain legal or disciplinary events that would be material to the evaluation of the representative. Douglas W. Garrett has no legal or disciplinary events to report. Item 4- Other Business Activities Mr. Garrett has no other business activities or financial industry affiliations. Item 5- Additional Compensation Mr. Garrett does not receive any economic benefits, sales awards, or other compensation in connection with providing advisory services to clients. Item 6 - Supervision Mr. Garrett reports to Andrew Surber, the Managing Member of the firm. Mr. Surber as the firm’s Chief Compliance Officer is responsible for oversight of the firm’s policies and procedures. Mr. Surber may be reached by phone at (816) 534-8615. 17  Item 7- Requirements for State-Registered Advisers State registered investment adviser representatives are required to disclose all material facts regarding certain legal, disciplinary or financial events that would be material to the evaluation of the representative. Mr. Garrett is currently not subject to, nor has ever been subject to, any legal, disciplinary or financial events of this nature. 18  Item 1 – Cover Page Form ADV Part 2B Brochure Supplement Theodore Perez, III APS Ventures, LLC Doing Business As “Tax Favored Retirement” Corporate Address: 8500 NE Sam Ray Rd., Kansas City, MO 64156 Mailing Address: 915 NE 116th Terr., Kansas City, MO 64155 (816) 534-8615 March 31, 2025 This brochure supplement provides information about Theodore Perez that supplements Tax Favored Retirement brochure. You should have received a copy of that brochure. Please contact us at (913) 515-1592 if you did not receive the Tax Favored Retirement brochure or if you have any questions about the contents of this supplement. Additional information about Theodore Perez is available on the SEC’s website at www.adviserinfo.sec.gov. 19  Item 2- Educational Background and Business Experience Theodore Perez, Born 1977 Education Background: Missouri State University: Bachelor of Computer Science, 2001 Park University: Bachelor of Finance & Management, 2005 Business Background: APS Ventures, LLC/Tax Favored Retirement, Investment Advisor Representative, 10/2021 to present TP3 Holdings Inc., Owner, 01/2020 to present Elevation Advisory Partners, LLC, Administrative Assistant, 06/2021 to 10/2021 Cetera Advisor Networks, LLC, Registered Representative, 09/2019 to 10/2021 Harrison Capital Management, Registered Representative, 06/2016 to 09/2021 Liberty Public School District, High School Coach, 12/2019 to 06/2020 Summit Brokerage Services, Inc., Registered Representative, 08/2016 to 09/2019 Scottrade, Stock Broker, 03/2006 to 06/2016 Item 3- Disciplinary Information Investment adviser representatives are required to disclose all material facts regarding certain legal or disciplinary events that would be material to the evaluation of the representative. Theodore Perez has no legal or disciplinary events to report. Item 4- Other Business Activities Theodore Perez is a licensed insurance agent and may recommend transactions in insurance or annuity products for clients through various insurance companies. Clients are under no obligation to engage in any insurance transactions recommended by Mr. Perez. Mr. Perez may earn commissions, fees and/or incentive awards for these activities. Mr. Perez has no other business activities or financial industry affiliations. Item 5- Additional Compensation Mr. Perez does not receive any economic benefits, sales awards, or other compensation in connection with providing advisory services to clients. 20  Item 6 - Supervision Mr. Perez reports to Andrew Surber, the Managing Member of the firm. Mr. Surber as the firm’s Chief Compliance Officer is responsible for oversight of the firm’s policies and procedures. Mr. Surber may be reached by phone at (816) 534-8615. Item 7- Requirements for State-Registered Advisers State registered investment adviser representatives are required to disclose all material facts regarding certain legal, disciplinary or financial events that would be material to the evaluation of the representative. Mr. Perez is currently not subject to, nor has ever been subject to, any legal, disciplinary or financial events of this nature. 21  Item 1 – Cover Page Form ADV Part 2B Brochure Supplement Frank J. Reardon APS Ventures, LLC Doing Business As “Tax Favored Retirement” 8500 NE Sam Ray Rd. Kansas City, MO 64156 (816) 534-8615 March 31, 2025 This brochure supplement provides information about Frank J. Reardon that supplements Tax Favored Retirement brochure. You should have received a copy of that brochure. Please contact us at (913) 515-1592 if you did not receive the Tax Favored Retirement brochure or if you have any questions about the contents of this supplement. Additional information about Frank J. Reardon is available on the SEC’s website at www.adviserinfo.sec.gov. 22  Item 2- Educational Background and Business Experience Frank J. Reardon, Born 1988 Education Background: University of Missouri: Bachelor/Master of Accountancy, 2012 Business Background: APS Ventures, LLC/Tax Favored Retirement, Investment Advisor Representative, 10/2021 to present Magis Business Services, LLC., Owner/President, 05/2016 to present Tradebot Systems, Investment Analyst, 07/2015 to 05/2016 CBIZ, Mayer, Hoffman, McCann, Senior Audit Associate, 09/2012 to 07/2015 Item 3- Disciplinary Information Investment adviser representatives are required to disclose all material facts regarding certain legal or disciplinary events that would be material to the evaluation of the representative. Frank J. Reardon has no legal or disciplinary events to report. Item 4- Other Business Activities Frank J. Reardon is a licensed insurance agent and may recommend transactions in insurance or annuity products for clients through various insurance companies. Clients are under no obligation to engage in any insurance transactions recommended by Mr. Reardon. Mr. Reardon may earn commissions, fees and/or incentive awards for these activities. Mr. Reardon has no other business activities or financial industry affiliations. Item 5- Additional Compensation Mr. Reardon does not receive any economic benefits, sales awards, or other compensation in connection with providing advisory services to clients. 23  Item 6 - Supervision Mr. Reardon reports to Andrew Surber, the Managing Member of the firm. Mr. Surber as the firm’s Chief Compliance Officer is responsible for oversight of the firm’s policies and procedures. Mr. Surber may be reached by phone at (816) 534-8615. Item 7- Requirements for State-Registered Advisers State registered investment adviser representatives are required to disclose all material facts regarding certain legal, disciplinary or financial events that would be material to the evaluation of the representative. Mr. Reardon is currently not subject to, nor has ever been subject to, any legal, disciplinary or financial events of this nature. 24