Taurus Financial

Taurus Financial Firm Brochure - Form ADV Part 2A This brochure provides information about the qualifications and business practices of Taurus Financial. If you have any questions about the contents of this brochure, please contact us at (201) 500-6322 or by email at:info@taurus- fin.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Taurus Financial is also available on the SEC’s website at www.adviserinfo.sec.gov. Taurus Financial’s CRD number is: 335067. 1 Evertrust Plaza Suite 305 Jersey City, NJ 07302 (201) 500-6322 info@taurus-fin.com https://www.taurus-fin.com/ Registration as an investment adviser does not imply a certain level of skill or training. Version Date: 05/20/2026 i  Item 2: Material Changes Taurus Financial has the following material changes to report. Material changes relate to Taurus Financial’s policies, practices or conflicts of interests. • Taurus Financial has initiated transition to registration with the United States Securities and Exchange Commission from its current registration at the state level. • Taurus Financial added UITs and Structured Products to Item 4 and Item 8. • Taurus Financial has added Selection of Other Advisers as a service. (Items 4, 5, 8, and 10) • Representatives accept compensation for the sale of investment products to Taurus Financial clients Item 5 and Item 10. ii  Item 3: Table of Contents Item 1: Cover Page Item 2: Material Changes ....................................................................................................................................... ii Item 3: Table of Contents ...................................................................................................................................... iii Item 4: Advisory Business ......................................................................................................................................2 Item 5: Fees and Compensation .............................................................................................................................5 Item 6: Performance-Based Fees and Side-By-Side Management ..................................................................11 Item 7: Types of Clients ........................................................................................................................................11 Item 8: Methods of Analysis, Investment Strategies, & Risk of Loss .............................................................11 Item 9: Disciplinary Information .........................................................................................................................15 Item 10: Other Financial Industry Activities and Affiliations .........................................................................15 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ...............17 Item 12: Brokerage Practices ................................................................................................................................18 Item 13: Review of Accounts ................................................................................................................................20 Item 14: Client Referrals and Other Compensation ..........................................................................................21 Item 15: Custody ....................................................................................................................................................21 Item 16: Investment Discretion ............................................................................................................................21 Item 17: Voting Client Securities (Proxy Voting) ..............................................................................................22 Item 18: Financial Information .............................................................................................................................22 iii  Item 4: Advisory Business A. Description of the Advisory Firm Taurus Financial (hereinafter “Taurus”) is a Limited Liability Company organized in the State of New Jersey. The firm was formed in January 2022 and the firm became registered as an investment adviser in June 2025. The principal owners are Tina Sun and Yisha Wang. B. Types of Advisory Services Portfolio Management Services Taurus offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Taurus creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels) and then constructs a plan to aid in the selection of a portfolio that matches each client's specific situation. Portfolio management services include, but are not limited to, the following: • • • Investment strategy • • Asset allocation • Risk tolerance Personal investment policy Asset selection Regular portfolio monitoring Taurus evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. Taurus will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. Taurus seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of Taurus’s economic, investment or other financial interests. To meet its fiduciary obligations, Taurus attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, Taurus’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is Taurus’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent among its clients on a fair and equitable basis over time. Selection of Sub-Advisers Taurus may direct clients to third-party sub-advisers, specifically Quantinno Capital Management LP (CRD# 298733), Parametric Portfolio Associates LLC (CRD# 114310), and AQR Capital Management, LLC (CRD # 111883). Before recommending sub-advisers for 2  clients, Taurus will verify that all recommended sub-advisers are properly licensed, notice filed or exempt in the states where Taurus is recommending the sub-adviser to clients. Pension Consulting Services Taurus offers consulting services to pension or other employee benefit plans (including but not limited to 401(k) plans). Pension consulting may include, but is not limited to: • • • • • • identifying investment objectives and restrictions providing guidance on various assets classes and investment options recommending money managers to manage plan assets in ways designed to achieve objectives monitoring performance of money managers and investment options and making recommendations for changes recommending other service providers, such as custodians, administrators and broker-dealers creating a written pension consulting plan These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants. Financial Planning Financial plans and financial planning may include but are not limited to: investment planning; life insurance; tax concerns; retirement planning; college planning; and debt/credit planning. Investment planning involves working with clients to make sure their investments match their respective risk tolerance and goals. Tax concerns are addressed by working with the client to determine and compare effective tax rates for income, capital gains and other earnings or investments, then attempting to allocate the client’s resources accordingly. Life insurance planning entails reviewing the life insurance and/or disability insurance needs of the client, together with any applicable dependents, spouse or other relatives, and assessing appropriate coverage for these individuals. College planning entails helping clients save for higher education, whether for the client or his/her children or other dependents, in the ideal manner to suit the client’s overall financial goals and means. Financial planning to address retirement entails making sure clients are financially equipped for retirement in light of the client’s anticipated income and expenses, investments, and other assets. Debt/credit planning consists of breaking down client budgets and aiding clients in decision-making as to current debt, anticipated significant expenses and potential debt, and avoiding excessive debt. Taurus offers four financial planning packages: Essential Package for Individuals: Tax Planning – tax return review, scenario analysis, marginal tax impact analysis Financial Life Planning – cash flow budgeting, education funding, retirement planning, estate planning, charitable planning 3  Employee Benefits – 401(k)/403(b)/457, pension/defined benefit plan, deferred compensation plan Investment Planning – current investment review and recommendations, investment plan design Pro Package for Employees of Big Tech Firms and Start-Ups: Everything from Essential Package +Equity Compensation (RSUs, ISOs, NQSOs) – equity compensation risk analytics and tax planning/education, stock price up and down valuation scenario analysis, detailed report metric, ongoing monitoring of equity compensation portfolio, tax efficient diversification considerations and strategies Business Package for Professionals: Everything from Essential Package + Business (Schedule C, LLC, LP, Inc) – company set-up structure review, personal and business tax return review, business tax mitigation strategies, company retirement plan review or set up to meet state requirements, business risk management, business valuation and buy/sell group health insurance quotes Elite Package for Business Owners: Everything from Essential Package +Equity Compensation +Business Advanced estate planning strategy and advanced philanthropy planning. Services Limited to Specific Types of Investments Taurus generally limits its investment advice to fixed income securities, equities, ETFs, UITs, structured products and private placements. Taurus may use other securities as well to help diversify a portfolio when applicable. Written Acknowledgement of Fiduciary Status When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are 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. The way we make money creates some 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 this special rule’s provisions, we must: • Meet a professional standard of care when making investment recommendations (give prudent advice); • Never put our financial interests ahead of yours when making recommendations (give loyal advice); • Avoid misleading statements about conflicts of interest, fees, and investments; • Follow policies and procedures designed to ensure that we give advice that is in 4  your best interest; • Charge no more than is reasonable for our services; and • Give you basic information about conflicts of interest. C. Client Tailored Services and Client Imposed Restrictions Taurus will tailor a program for each individual client. This will include an interview session to get to know the client’s specific needs and requirements as well as a plan that will be executed by Taurus on behalf of the client. Taurus may use model allocations together with a specific set of recommendations for each client based on their personal restrictions, needs, and targets. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent Taurus from properly servicing the client account, or if the restrictions would require Taurus to deviate from its standard suite of services, Taurus reserves the right to end the relationship. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees and transaction costs. Taurus does not participate in wrap fee programs. E. Assets Under Management Taurus has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $101,130,376 $61,333,529 April 2026 Item 5: Fees and Compensation A. Fee Schedule Portfolio Management Fees Total Assets Under Management Annual Fees $0 - $500,000 1.20% $500,001 - $1,000,000 1.00% $1,000,001 - $2,000,000 0.90% 5  Total Assets Under Management Annual Fees $2,000,001 - $5,000,000 0.80% $5,000,001 - $10,000,000 0.65% $10,000,001 - AND UP Negotiable The fee schedule is a blended tier schedule. Please see below for example. Fee formula description: For purposes of calculating the client’s portfolio management fees described above, an example is offered below for a sample $750,000 account: • • For that portion of the client’s account(s) up to $500,000 the adviser will charge an annual fee of 1.20% as described above, resulting in an annual fee of $6,000 on the first $500,000; plus For that portion of the client’s account(s) exceeding $500,000 but not exceeding $750,000, the adviser will charge an annual fee of 1.00% as described above, resulting in an annual fee of $2,500 on the portion between $500,000 and $750,000. This would result in a total annual fee of $8,500 on the sample $750,000 account. The advisory fee is calculated using the value of the assets in the Account on the last business day of the prior billing period. These fees are generally negotiable and the final fee schedule will be memorialized in the client’s advisory agreement. Clients may terminate the agreement without penalty for a full refund of Taurus's fees within five business days of signing the Investment Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract immediately upon written notice. Selection of Sub-Advisers Fees Taurus may direct clients to third-party investment advisers. Taurus will receive its fee on top of the fee paid to the third-party adviser. The fees shared are negotiable and will not exceed any limit imposed by any regulatory agency. The notice of termination requirement and payment of fees for third-party investment advisers will depend on the specific third-party adviser selected. Taurus directs clients to Parametric for the Custom Core direct indexing strategy. Fees are inclusive of LPL’s platform fee ranging from 0.065% to 0.25%, Taurus’ advisory fee ranging from 0.15% to 0.25%, and Parametric fixed management fee of 0.18%. 6  Taurus directs clients to Quantinno for margin strategies. Fees range based on the amount of margin utilized and are inclusive of financing costs. Management fees range from 0.40% to 1.00%: Overall, sub-advisor management fees range between 0.18% and 1.00% across all third- party managers Taurus utilizes. Pension Consulting Services Fees Asset-Based Fees for Pension Consulting Total Assets Under Management Annual Fee $0 - $500,000 1.20% $500,001 - $1,000,000 1.00% $1,000,001 - $2,000,000 0.90% $2,000,001 - $5,000,000 0.80% $5,000,001 - $10,000,000 0.65% $100,000,001 - AND UP Negotiable The fee schedule is a blended tier schedule. Please see below for example. Fee formula description: For purposes of calculating the client’s pension consulting services fees described above, an example is offered below for a sample $750,000 account: • • For that portion of the client’s account(s) up to $500,000 the adviser will charge an annual fee of 1.20% as described above, resulting in an annual fee of $6,000 on the first $500,000; plus For that portion of the client’s account(s) exceeding $500,000 but not exceeding $750,000, the adviser will charge an annual fee of 1.00% as described above, resulting in an annual fee of $2,500 on the portion between $500,000 and $750,000. This would result in a total annual fee of $8,500 on the sample $750,000 account. The advisory fee is calculated using the value of the assets on the last business day of the prior billing period These fees are generally negotiable and the final fee schedule will be memorialized in the client’s advisory agreement. Clients may terminate the agreement without penalty for a full refund of Taurus's fees within five business days of signing the Investment Advisory 7  Contract. Thereafter, clients may terminate the pension consulting agreement immediately upon written notice. Financial Planning Fees Fixed Fees Taurus offers four financial planning packages and the negotiated one-time fixed rates for creating client financial plans is between $1,100 and $2,000. Essential Package for Individuals ($1,100): Tax Planning Financial Life Planning Employee Benefits Investment Planning Pro Package for Employees of Big Tech Firms and Start-Ups ($1,350): Everything from Essential Package +Equity Compensation (RSUs, ISOs, NQSOs) Business Package for Professionals ($1,350): Everything from Essential Package + Business (Schedule C, LLC, LP, Inc) Elite Package for Business Owners ($2,000): Everything from Essential Package +Equity Compensation +Business Hourly Fees The negotiated hourly fee for recurring financial planning services is between $500 and $800. Clients may terminate the agreement without penalty, for full refund of Taurus’s fees, within five business days of signing the Financial Planning Agreement. Thereafter, clients may terminate the Financial Planning Agreement generally upon written notice. B. Payment of Fees Payment of Portfolio Management Fees Asset-based portfolio management fees are withdrawn directly from the client's accounts with client's written authorization on a quarterly basis or may be invoiced and billed directly to the client on a quarterly basis. Clients may select the method in which they are 8  billed. Fees are paid in advance. Taurus neither requires nor solicits prepayment of more than $1,200 in fees per client, six months or more in advance. Payment of Selection of Sub-Advisers Fees Fees are paid daily monthly quarterly in advance/arrears. The timing, frequency, and method of paying fees for selection of third-party adviser will depend on the specific third-party adviser selected and will be disclosed to the client prior to entering into a relationship with the third-party adviser. Payment of Pension Consulting Fees Asset-based pension consulting fees are withdrawn directly from the client's accounts with client's written authorization on a quarterly basis, or may be invoiced and billed directly to the client on a quarterly basis. Clients may select the method in which they are billed. Fees are paid in advance. The firm's advance payment requirement shall not exceed the prescribed limit of $1,200 without rendering services. Payment of Financial Planning Fees Financial planning fees are paid via wire. Fixed financial planning fees are paid 100% in advance, but never six months or more in advance. The firm's advance payment requirement shall not exceed the prescribed limit of $1,200 without rendering services. Hourly financial planning fees are paid 100% in advance, but never six months or more in advance. The firm's advance payment requirement shall not exceed the prescribed limit of $1,200 without rendering services. C. Client Responsibility For Third Party Fees Clients are responsible for the payment of all third party fees (i.e. custodian fees, brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and distinct from the fees and expenses charged by Taurus. Please see Item 12 of this brochure regarding broker-dealer/custodian. D. Prepayment of Fees Taurus collects fees in advance. Taurus neither requires nor solicits prepayment of more than $1,200 in fees per client, six months or more in advance. Refunds for fees paid in advance but not yet earned will be refunded on a prorated basis and returned within fourteen days to the client via check, or return deposit back into the client’s account. 9  For all asset-based fees paid in advance, the fee refunded will be equal to the balance of the fees collected in advance minus the daily rate* times the number of days elapsed in the billing period up to and including the day of termination. (*The daily rate is calculated by dividing the annual asset-based fee rate by 365.) Fixed fees that are collected in advance will be refunded based on the prorated amount of work completed at the point of termination. For hourly fees that are collected in advance, the fee refunded will be the balance of the fees collected in advance minus the hourly rate times the number of hours of work that has been completed up to and including the day of termination. E. Outside Compensation For the Sale of Securities to Clients Tina Sun and Yisha Wang are registered representatives of a broker-dealer. In these roles, they accept compensation for the sale of investment products to Taurus clients. Tina Sun and Yisha Wang are also insurance agents. In these roles, they accept compensation for the sale of insurance products to Taurus clients. 1. This is a Conflict of Interest Supervised persons may accept compensation for the sale of investment products, including asset based sales charges or service fees from the sale of mutual funds to Taurus's clients. This presents a conflict of interest and gives the supervised person an incentive to recommend products based on the compensation received rather than on the client’s needs. When recommending the sale of investment products for which the supervised persons receives compensation, Taurus will document the conflict of interest in the client file and inform the client of the conflict of interest. 2. Clients Have the Option to Purchase Recommended Products From Other Brokers Clients always have the option to purchase Taurus recommended products through other brokers or agents that are not affiliated with Taurus. 3. Commissions are not Taurus's primary source of compensation for advisory services Commissions are not Taurus’s primary source of compensation for advisory services. 4. Advisory Fees in Addition to Commissions or Markups Advisory fees that are charged to clients are not reduced to offset the commissions or markups on investment products recommended to clients. 10  Item 6: Performance-Based Fees and Side-By-Side Management Taurus does not accept performance-based fees or other fees based on a share of capital gains on or capital appreciation of the assets of a client. Item 7: Types of Clients Taurus generally provides advisory services to the following types of clients: ❖ ❖ ❖ ❖ High-Net-Worth Individuals Pension and Profit Sharing Plans Charitable Organizations Corporations or Business Entities There is no account minimum for any of Taurus’s services. Item 8: Methods of Analysis, Investment Strategies, & Risk of Loss A. Methods of Analysis and Investment Strategies Methods of Analysis Taurus’s methods of analysis include Fundamental analysis, Modern portfolio theory and Quantitative analysis. Fundamental analysis involves the analysis of financial statements, the general financial health of companies, and/or the analysis of management or competitive advantages. Modern portfolio theory is a theory of investment that attempts to maximize portfolio expected return for a given amount of portfolio risk, or equivalently minimize risk for a given level of expected return, each by carefully choosing the proportions of various asset. Quantitative analysis deals with measurable factors as distinguished from qualitative considerations such as the character of management or the state of employee morale, such as the value of assets, the cost of capital, historical projections of sales, and so on. Investment Strategies Taurus uses long term trading and options trading (including covered options, uncovered options, or spreading strategies). 11  Investing in securities involves a risk of loss that you, as a client, should be prepared to bear. B. Material Risks Involved Methods of Analysis Fundamental analysis concentrates on factors that determine a company’s value and expected future earnings. This strategy would normally encourage equity purchases in stocks that are undervalued or priced below their perceived value. The risk assumed is that the market will fail to reach expectations of perceived value. Modern portfolio theory assumes that investors are risk averse, meaning that given two portfolios that offer the same expected return, investors will prefer the less risky one. Thus, an investor will take on increased risk only if compensated by higher expected returns. Conversely, an investor who wants higher expected returns must accept more risk. The exact trade-off will be the same for all investors, but different investors will evaluate the trade-off differently based on individual risk aversion characteristics. The implication is that a rational investor will not invest in a portfolio if a second portfolio exists with a more favorable risk-expected return profile – i.e., if for that level of risk an alternative portfolio exists which has better expected returns. Quantitative analysis Investment strategies using quantitative models may perform differently than expected as a result of, among other things, the factors used in the models, the weight placed on each factor, changes from the factors’ historical trends, and technical issues in the construction and implementation of the models. Investment Strategies Taurus's use of options trading generally holds greater risk, and clients should be aware that there is a material risk of loss using any of those strategies. Long term trading is designed to capture market rates of both return and risk. Due to its nature, the long-term investment strategy can expose clients to various types of risk that will typically surface at various intervals during the time the client owns the investments. These risks include but are not limited to inflation (purchasing power) risk, interest rate risk, economic risk, market risk, and political/regulatory risk. Options transactions involve a contract to purchase a security at a given price, not necessarily at market value, depending on the market. This strategy includes the risk that an option may expire out of the money resulting in minimal or no value, as well as the possibility of leveraged loss of trading capital due to the leveraged nature of stock options. Investing in securities involves a risk of loss that you, as a client, should be prepared to bear. 12  C. Risks of Specific Securities Utilized Taurus's use of options trading generally holds greater risk of capital loss. Clients should be aware that there is a material risk of loss using any investment strategy. The investment types listed below are not guaranteed or insured by the FDIC or any other government agency. Equity investment generally refers to buying shares of stocks in return for receiving a future payment of dividends and/or capital gains if the value of the stock increases. The value of equity securities may fluctuate in response to specific situations for each company, industry conditions and the general economic environments. Fixed income investments generally pay a return on a fixed schedule, though the amount of the payments can vary. This type of investment can include corporate and government debt securities, leveraged loans, high yield, and investment grade debt and structured products, such as mortgage and other asset-backed securities, although individual bonds may be the best known type of fixed income security. In general, the fixed income market is volatile and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. The risk of default on treasury inflation protected/inflation linked bonds is dependent upon the U.S. Treasury defaulting (extremely unlikely); however, they carry a potential risk of losing share price value, albeit rather minimal. Exchange Traded Funds (ETFs): An ETF is an investment fund traded on stock exchanges, similar to stocks. Investing in ETFs carries the risk of capital loss (sometimes up to a 100% loss in the case of a stock holding bankruptcy). Areas of concern include the lack of transparency in products and increasing complexity, conflicts of interest and the possibility of inadequate regulatory compliance. Risks in investing in ETFs include trading risks, liquidity and shutdown risks, risks associated with a change in authorized participants and non-participation of authorized participants, risks that trading price differs from indicative net asset value (iNAV), or price fluctuation and disassociation from the index being tracked. With regard to trading risks, regular trading adds cost to your portfolio thus counteracting the low fees that one of the typical benefits of ETFs. Additionally, regular trading to beneficially “time the market” is difficult to achieve. Even paid fund managers struggle to do this every year, with the majority failing to beat the relevant indexes. With regard to liquidity and shutdown risks, not all ETFs have the same level of liquidity. Since ETFs are at least as liquid as their underlying assets, trading conditions are more accurately reflected in implied liquidity rather than the average daily volume of the ETF itself. Implied liquidity is a measure of what can potentially be traded in ETFs based on its underlying assets. ETFs are subject to market volatility and the risks of their underlying securities, which may include the risks associated with investing in smaller companies, foreign securities, commodities, and fixed income investments (as applicable). Foreign securities in particular are subject to interest rate, currency exchange 13  rate, economic, and political risks, all of which are magnified in emerging markets. ETFs that target a small universe of securities, such as a specific region or market sector, are generally subject to greater market volatility, as well as to the specific risks associated with that sector, region, or other focus. ETFs that use derivatives, leverage, or complex investment strategies are subject to additional risks. The return of an index ETF is usually different from that of the index it tracks because of fees, expenses, and tracking error. An ETF may trade at a premium or discount to its net asset value (NAV) (or indicative value in the case of exchange-traded notes). The degree of liquidity can vary significantly from one ETF to another and losses may be magnified if no liquid market exists for the ETF’s shares when attempting to sell them. Each ETF has a unique risk profile, detailed in its prospectus, offering circular, or similar material, which should be considered carefully when making investment decisions. Private placements carry a substantial risk as they are subject to less regulation than are publicly offered securities, the market to resell these assets under applicable securities laws may be illiquid, due to restrictions, and the liquidation may be taken at a substantial discount to the underlying value or result in the entire loss of the value of such assets. Options are contracts to purchase a security at a given price, risking that an option may expire out of the money resulting in minimal or no value. An uncovered option is a type of options contract that is not backed by an offsetting position that would help mitigate risk. The risk for a “naked” or uncovered put is not unlimited, whereas the potential loss for an uncovered call option is limitless. Spread option positions entail buying and selling multiple options on the same underlying security, but with different strike prices or expiration dates, which helps limit the risk of other option trading strategies. Option transactions also involve risks including but not limited to economic risk, market risk, sector risk, idiosyncratic risk, political/regulatory risk, inflation (purchasing power) risk and interest rate risk. Unit Investment Trusts (“UITs”) are bundled collections of over investments, designed to provide individuals the opportunity to invest in a diversified portfolio of securities with a low initial investment requirement. A UIT is either a regulated investment company (“RIC”) or a grantor trust. [A RIC is a company in which the investors are joint owners, while a grantor trust grants investors proportional ownership in the UIT’s underlying securities.] UITs will, generally speaking, inherit the risks of the underlying securities, and may not be appropriate for investors seeking capital preservation. Unlike mutual funds, UITs are not traded; rather the UIT manager purchases investments and holds them until maturity. UITs carry significant interest rate risk and have liquidity risks that mutual funds do not, plus more complex UITs are also subject to a number of risks that include increased volatility and greater potential for loss. Structured Products are securities derived from another asset, such as a security or a basket of securities, an index, a commodity, a debt issuance, or a foreign currency. Structured products frequently limit the upside participation in the reference asset. Structured products are senior unsecured debt of the issuing bank and subject to the credit risk associated with that issuer. This credit risk exists whether or not the investment held in the account offers principal protection. The creditworthiness of the issuer does not 14  affect or enhance the likely performance of the investment other than the ability of the issuer to meet its obligations. Any payments due at maturity are dependent on the issuer’s ability to pay. In addition, the trading price of the security in the secondary market, if there is one, may be adversely impacted if the issuer’s credit rating is downgraded. Some structured products offer full protection of the principal invested, while others offer only partial or no protection. Investors may be sacrificing a higher yield to obtain the principal guarantee. In addition, the principal guarantee relates to nominal principal and does not offer inflation protection. An investor in a structured product never has a claim on the underlying investment, whether a security, zero coupon bond or option. There may be little or no secondary market for the securities and information regarding independent market pricing for the securities may be limited. This is true even if the product has a ticker symbol or has been approved for listing on an exchange. Tax treatment of structured products may be different from other investments held in the account (e.g., income may be taxed as ordinary income even though payment is not received until maturity). Structured CDs that are insured by the FDIC are subject to applicable FDIC limits. Past performance is not indicative of future results. Investing in securities involves a risk of loss that you, as a client, should be prepared to bear. Item 9: Disciplinary Information A. Criminal or Civil Actions There are no criminal or civil actions to report. B. Administrative Proceedings There are no administrative proceedings to report. C. Self-regulatory Organization (SRO) Proceedings There are no self-regulatory organization proceedings to report. Item 10: Other Financial Industry Activities and Affiliations A. Registration as a Broker/Dealer or Broker/Dealer Representative As a registered representative of LPL Financial, Tina Sun and Yisha Wang accept compensation for the sale of securities. 15  B. Registration as a Futures Commission Merchant, Commodity Pool Operator, or a Commodity Trading Advisor Neither Taurus nor its representatives are registered as or have pending applications to become either a Futures Commission Merchant, Commodity Pool Operator, or Commodity Trading Advisor or an associated person of the foregoing entities. C. Registration Relationships Material to this Advisory Business and Possible Conflicts of Interests Tina Sun and Yisha Wang are registered representatives of LPL Financial and from time to time, will offer clients advice or products from those activities. Clients should be aware that these services pay a commission or other compensation and involve a conflict of interest, as commissionable products conflict with the fiduciary duties of a registered investment adviser. Taurus always acts in the best interest of the client, including with respect to the sale of commissionable products to advisory clients. Clients are in no way required to implement the plan through any representative of Taurus in such individual’s capacity as a registered representative. Tina Sun and Yisha Wang are licensed insurance agents. This activity creates a conflict of interest since there is an incentive to recommend insurance products based on commissions or other benefits received from the insurance company, rather than on the client’s needs. Additionally, the offer and sale of insurance products by supervised persons of Taurus are not made in their capacity as a fiduciary, and products are limited to only those offered by certain insurance providers. Taurus addresses this conflict of interest by requiring its supervised persons to act in the best interest of the client at all times, including when acting as an insurance agent. Taurus periodically reviews recommendations by its supervised persons to assess whether they are based on an objective evaluation of each client’s risk profile and investment objectives rather than on the receipt of any commissions or other benefits. Taurus will disclose in advance how it or its supervised persons are compensated and will disclose conflicts of interest involving any advice or service provided. At no time will there be tying between business practices and/or services (a condition where a client or prospective client would be required to accept one product or service conditioned upon the selection of a second, distinctive tied product or service). No client is ever under any obligation to purchase any insurance product. Insurance products recommended by Taurus’s supervised persons may also be available from other providers on more favorable terms, and clients can purchase insurance products recommended through other unaffiliated insurance agencies. Tina Sun and Yisha Wang are accountants with Taurus Solutions Inc. and from time to time, may offer clients advice or products from those activities and clients should be aware that these services may involve a conflict of interest. Taurus always acts in the best interest of the client and clients are in no way required to utilize the services of any representative of Taurus in connection with such individual’s activities outside of Taurus. Tina Sun does not have signatory authority for any client of the accounting firm who will also be a client of Taurus. 16  Tina Sun serves as the President of TDG International LLC. In her role, she provides clerical support to the import and export industry. The activities performed do not present any conflict of interest. D. Selection of Other Advisers or Managers and How This Adviser is Compensated for Those Selections Taurus may direct clients to third-party investment advisers. Clients will pay Taurus its standard fee in addition to the standard fee for the advisers to which it directs those clients. The fees will not exceed any limit imposed by any regulatory agency. Taurus will always act in the best interests of the client, including when determining which third- party investment adviser to recommend to clients. Taurus will ensure that all recommended advisers are exempt, licensed or notice filed in the states in which Taurus is recommending them to clients. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Taurus has a written Code of Ethics that covers the following areas: Prohibited Purchases and Sales, Insider Trading, Personal Securities Transactions, Exempted Transactions, Prohibited Activities, Conflicts of Interest, Gifts and Entertainment, Confidentiality, Service on a Board of Directors, Compliance Procedures, Compliance with Laws and Regulations, Procedures and Reporting, Certification of Compliance, Reporting Violations, Compliance Officer Duties, Training and Education, Recordkeeping, Annual Review, and Sanctions. Taurus's Code of Ethics is available free upon request to any client or prospective client. B. Recommendations Involving Material Financial Interests Taurus does not recommend that clients buy or sell any security in which a related person to Taurus or Taurus has a material financial interest. C. Investing Personal Money in the Same Securities as Clients From time to time, representatives of Taurus may buy or sell securities for themselves that they also recommend to clients. This may provide an opportunity for representatives of Taurus to buy or sell the same securities before or after recommending the same securities to clients resulting in representatives profiting off the recommendations they provide to clients. Such transactions may create a conflict of interest. Taurus will always document any transactions that could be construed as conflicts of interest and will never engage in 17  trading that operates to the client’s disadvantage when similar securities are being bought or sold. D. Trading Securities At/Around the Same Time as Clients’ Securities From time to time, representatives of Taurus may buy or sell securities for themselves at or around the same time as clients. This may provide an opportunity for representatives of Taurus to buy or sell securities before or after recommending securities to clients resulting in representatives profiting off the recommendations they provide to clients. Such transactions may create a conflict of interest; however, Taurus will never engage in trading that operates to the client’s disadvantage if representatives of Taurus buy or sell securities at or around the same time as clients. Item 12: Brokerage Practices A. Factors Used to Select Custodians and/or Broker/Dealers Custodians/broker-dealers will be recommended based on Taurus’s duty to seek “best execution,” which is the obligation to seek execution of securities transactions for a client on the most favorable terms for the client under the circumstances. Clients will not necessarily pay the lowest commission or commission equivalent, and Taurus may also consider the market expertise and research access provided by the broker- dealer/custodian, including but not limited to access to written research, oral communication with analysts, admittance to research conferences and other resources provided by the brokers that may aid in Taurus's research efforts. Taurus will never charge a premium or commission on transactions, beyond the actual cost imposed by the broker-dealer/custodian. Taurus requires client to use LPL Financial. 1. Research and Other Soft-Dollar Benefits While Taurus has no formal soft dollars program in which soft dollars are used to pay for third party services, Taurus may receive research, products, or other services from custodians and broker-dealers in connection with client securities transactions (“soft dollar benefits”). Taurus may enter into soft-dollar arrangements consistent with (and not outside of) the safe harbor contained in Section 28(e) of the Securities Exchange Act of 1934, as amended. There can be no assurance that any particular client will benefit from soft dollar research, whether or not the client’s transactions paid for it, and Taurus does not seek to allocate benefits to client accounts proportionate to any soft dollar credits generated by the accounts. Taurus benefits by not having to produce or pay for the research, products or services, and Taurus will have an incentive to recommend a broker-dealer based on receiving research or services. Clients should be 18  aware that Taurus’s acceptance of soft dollar benefits may result in higher commissions charged to the client. Taurus receives support services and/or products from LPL Financial, many of which assist the Taurus to better monitor and service program accounts maintained at LPL Financial; however, some of the services and products benefit Taurus and not client accounts. These support services and/or products may be received without cost, at a discount, and/or at a negotiated rate, and may include the following: investment-related research software and other technology that provide access to client account data compliance and/or practice management-related publications consulting services • • pricing information and market data • • • • attendance at conferences, meetings, and other educational and/or social events computer hardware and/or software • marketing support • • other products and services used by Taurus in furtherance of its investment advisory business operations LPL Financial may provide these services and products directly, or may arrange for third party vendors to provide the services or products to Advisor. In the case of third party vendors, LPL Financial may pay for some or all of the third party’s fees. These support services are provided to Taurus based on the overall relationship between Taurus and LPL Financial. It is not the result of soft dollar arrangements or any other express arrangements with LPL Financial that involves the execution of client transactions as a condition to the receipt of services. Taurus will continue to receive the services regardless of the volume of client transactions executed with LPL Financial. Clients do not pay more for services as a result of this arrangement. There is no corresponding commitment made by the Taurus to LPL or any other entity to invest any specific amount or percentage of client assets in any specific securities as a result of the arrangement. However, because Taurus receives these benefits from LPL Financial, there is a potential conflict of interest. The receipt of these products and services presents a financial incentive for Taurus to recommend that its clients use LPL Financial’s custodial platform rather than another custodian’s platform. 2. Brokerage for Client Referrals Taurus receives no referrals from a broker-dealer or third party in exchange for using that broker-dealer or third party. 3. Clients Directing Which Broker/Dealer/Custodian to Use Taurus will require clients to use LPL Financial to execute transactions. 19  B. Aggregating (Block) Trading for Multiple Client Accounts Taurus does not aggregate or bunch the securities to be purchased or sold for multiple clients. This may result in less favorable prices, particularly for illiquid securities or during volatile market conditions. Item 13: Review of Accounts A. Frequency and Nature of Periodic Reviews and Who Makes Those Reviews All client accounts for Taurus's advisory services provided on an ongoing basis are reviewed at least annually by Yisha Wang, Partner and Chief Compliance Officer, with regard to clients’ respective investment policies and risk tolerance levels. All accounts at Taurus are assigned to this reviewer. All financial planning accounts are reviewed upon financial plan creation and plan delivery by Yisha Wang, Partner and Chief Compliance Officer. Financial planning clients are provided a one-time financial plan concerning their financial situation. After the presentation of the plan, there are no further reports. Clients may request additional plans or reports for a fee. B. Factors That Will Trigger a Non-Periodic Review of Client Accounts Reviews may be triggered by material market, economic or political events, or by changes in client's financial situations (such as retirement, termination of employment, physical move, or inheritance). With respect to financial plans, Taurus’s services will generally conclude upon delivery of the financial plan. C. Content and Frequency of Regular Reports Provided to Clients Each client of Taurus's advisory services provided on an ongoing basis will receive a quarterly report detailing the client’s account, including assets held, asset value, and calculation of fees. This written report will come from the custodian. Each financial planning client will receive the financial plan upon completion. 20  Item 14: Client Referrals and Other Compensation A. Economic Benefits Provided by Third Parties for Advice Rendered to Clients (Includes Sales Awards or Other Prizes) Other than soft dollar benefits as described in Item 12 above, Taurus does not receive any economic benefit, directly or indirectly from any third party for advice rendered to Taurus's clients. B. Compensation to Non – Advisory Personnel for Client Referrals Taurus does not directly or indirectly compensate any person who is not advisory personnel for client referrals. Item 15: Custody When advisory fees are deducted directly from client accounts at client's custodian, Taurus will be deemed to have limited custody of client's assets and must have written authorization from the client to do so. Clients will receive all account statements and billing invoices that are required in each jurisdiction, and they should carefully review those statements for accuracy. Taurus will assume custody of client funds or securities only when a standing letter of authorization (SLOA) is utilized. Custody is also disclosed in Form ADV because Taurus has authority to transfer money from client account(s) to a designated third party, which constitutes a standing letter of authorization (SLOA). Accordingly, Taurus will follow the safeguards specified by the SEC rather than undergo an annual audit. Item 16: Investment Discretion Taurus provides discretionary and non-discretionary investment advisory services to clients. The advisory contract established with each client sets forth the discretionary authority for trading. Where investment discretion has been granted, Taurus generally manages the client’s account and makes investment decisions without consultation with the client as to when the securities are to be bought or sold for the account, the total amount of the securities to be bought/sold, what securities to buy or sell, or the price per share. In some instances, Taurus’s discretionary authority in making these determinations may be limited by conditions imposed by a client (in investment guidelines or objectives, or client instructions otherwise provided to Taurus. Clients with discretionary accounts will execute a limited power of attorney to evidence discretionary authority. 21  Item 17: Voting Client Securities (Proxy Voting) Taurus will not ask for, nor accept voting authority for client securities. Clients will receive proxies directly from the issuer of the security or the custodian. Clients should direct all proxy questions to the issuer of the security. Item 18: Financial Information A. Balance Sheet Taurus neither requires nor solicits prepayment of more than $1,200 in fees per client, six months or more in advance, and therefore is not required to include a balance sheet with this brochure. B. Financial Conditions Reasonably Likely to Impair Ability to Meet Contractual Commitments to Clients Neither Taurus nor its management has any financial condition that is likely to reasonably impair Taurus’s ability to meet contractual commitments to clients. C. Bankruptcy Petitions in Previous Ten Years Taurus has not been the subject of a bankruptcy petition in the last ten years. 22