TEPLITZ FINANCIAL GROUP LLC

Firm Brochure (Part 2A of Form ADV) Teplitz Financial Group LLC 3 Jocama Blvd., Suite 200A Old Bridge, NJ. 08857 Phone: (732) 591-0909 Fax: (732) 862-1114 CRD No. 122038 WEBSITE: http://www.teplitzfinancial.com EMAIL: ateplitz@teplitzfinancial.com This brochure provides information about the qualifications and business practices of Teplitz Financial Group LLC (“TFG”). If you have any questions about the contents of this brochure, please contact us at: 732- 591-0909 or by email at: ateplitz@teplitzfinancial.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (“SEC”), or by any state securities authority. Additional information about TFG is available on the SEC’s website at www.adviserinfo.sec.gov References herein to TFG as a “registered investment adviser” or any reference to being “registered” does not imply a certain level of skill or training. April 1, 2026 TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 2 - Material Changes Annual Update The Material Changes section of this brochure will be updated annually when material changes occur since the previous release of the Firm Brochure. Material Changes since the Last Update Since the firm’s last release, the firm has terminated its affiliation with Osaic and is no longer offering service/securities through their broker-dealer. Full Brochure Available Whenever you would like to receive a complete copy of our Firm Brochure, please contact us by telephone at: (732) 591-0909 or by email at: ateplitz@teplitzfinancial.com. TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 3 - Table of Contents Advisory Business ................................................................................................................................. 1 Fees and Compensation ....................................................................................................................... 7 Performance-Based Fees and Side-By-Side Management ................................................................... 10 Types of Clients .................................................................................................................................. 10 Methods of Analysis, Investment Strategies and Risk of Loss .............................................................. 10 Disciplinary Information ..................................................................................................................... 13 Other Financial Industry Activities and Affiliations ............................................................................. 13 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading .......................... 14 Brokerage Practices ........................................................................................................................... 15 Review of Accounts ............................................................................................................................ 17 Client Referrals and Other Compensation ........................................................................................... 17 Custody .............................................................................................................................................. 18 Investment Discretion ........................................................................................................................ 18 Voting Client Securities ....................................................................................................................... 19 Financial Information ......................................................................................................................... 19 TOC 1 TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 4 - Advisory Business Teplitz Financial Group LLC (“TFG”) is a limited liability company formed in the state of New Jersey on June 28, 2002. TFG became registered as an Investment Adviser Firm on September 2, 2005, and recently transitioned from a state registered investment adviser in New Jersy to a federally covered adviser with the SEC in July 2022. TFG is owned by Daniel and Ari Teplitz. Ari also acts as TFG’s CCO. As discussed below, TFG offers to its clients (individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities) investment advisory services, and, to the extent specifically requested by a client, financial planning, and consulting. INVESTMENT ADVISORY SERVICES The client can determine to engage TFG to provide discretionary investment advisory services on a fee-only basis. TFG’s annual investment advisory fee is based upon a percentage (%) of the market value of the assets placed under TFG’s management (between 1.00% and 1.50%) as follows: Market Value of Portfolio % of Assets $0 - $1,000,000 1.0% $1,000,001 - $2,500,000 0.75% $2,500,001 - $5,000,000 0.56% $5,000,001 - $10,000,000 0.42% $10,000,001+ 0.31% TFG's annual investment advisory fee may be discounted at TFG’s discretion and shall include investment advisory services. The fees listed in the above table are a blended tier starting at 1% of the first $1,000,000, then .75% after achieving the next threshold. In the event the client requires extraordinary financial planning (to be determined in the sole discretion of TFG), TFG may determine to charge for such additional services, the dollar amount of which shall be set forth in a separate written notice to the client. FINANCIAL PLANNING AND CONSULTING SERVICES To the extent specifically requested by TFG we may determine to provide financial planning and/or consulting services on a stand-alone separate fee basis. TFG’s financial planning and consulting fees are negotiable but generally range from a fixed fee of $1,500 to $3,000 and from $150 to $250 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s). Prior to engaging TFG to provide financial planning and consulting services, clients are generally required to - 4 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A enter into a Financial Planning and Consulting Agreement with TFG setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the portion of the fee that is due from the client prior to TFG commencing services. If requested by the client, in performing its services, TFG shall not be required to verify any information received from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. TFG may recommend the services of itself, its Advisory Affiliates in their individual capacities as registered representatives of a broker-dealer, and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if TFG recommends its own services. The client is under no obligation to act upon any of the recommendations made by TFG under a financial planning/consulting engagement and/or engage the services of any such recommended professional, including TFG itself. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any of TFG’s recommendations. The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from TFG. Please Note: If the client engages any such recommended professional, and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. Please Also Note: It remains the client’s responsibility to promptly notify TFG if there is ever any change in his/her/its financial situation or investment objectives for the purpose of reviewing/evaluating/revising TFG’s previous recommendations and/or services. SUB-ADVISORY ARRANGEMENTS TFG may engage sub-advisors for the purpose of assisting it with the management of its client accounts. The sub-advisor(s) shall have discretionary authority for the day-to-day management of the assets that are allocated to it by TFG. The sub-advisor shall continue in such capacity until such arrangement is terminated or modified by TFG. Currently, TFG may recommend the investment management services of SEI Private Trust Company (“SEI”), Schwab Advisor Services (“Schwab”) and AssetMark. The terms and conditions under which the client shall engage the Independent Manager(s) shall be set forth in separate written agreements between (1) the client and TFG and (2) the client and the designated Independent Manager(s) and/or wrap fee program sponsor. TFG shall continue to render advisory services to the client relative to the ongoing monitoring and review of account performance, for which TFG shall receive an annual advisory fee which is based upon a percentage of the market value of the assets being managed by the designated Independent Manager(s). Factors that TFG shall consider in recommending Independent Manager(s) include the client’s stated investment objective(s), management style, performance, reputation, financial strength, reporting, pricing, and research. The investment management fees charged by the designated Independent Manager(s), together with the fees charged by the wrap fee program sponsor and corresponding designated broker-dealer/custodian of the client’s assets, may be exclusive of, and in addition to, TFG’s investment advisory fee set forth above. As discussed above, the client may incur additional fees than those charged by TFG, the designated Independent - 5 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Manager(s), wrap fee program sponsor (if applicable), and corresponding broker- dealer and custodian. Certain Independent Manager(s) may impose more restrictive account requirements and varying billing practices than TFG. In such instances, TFG may alter its corresponding account requirements and/or billing practices to accommodate those of the Independent Manager(s) or wrap fee program sponsor. If TFG refers a client to certain Independent Manager(s) where TFG’s compensation is included in the advisory fee charged by such Independent Manager(s) and the client engages those Independent Manager(s), TFG shall be compensated for its services by receipt of a fee to be paid directly by the Independent Manager(s) to TFG in accordance with the requirements of Rule 206(4)-3 of the Investment Advisers Act of 1940, as amended, and any corresponding state securities laws, rules, regulations, or requirements, but not to exceed an aggregate amount of 3%. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions concerning TFG’s sub- advisory arrangements. CUSTODIANS TFG may contract with other firms for administrative services in carrying out its duties under the Asset Management Agreement, including trade processing at the direction of TFG, collection of management fees, record maintenance and report preparation, and Client agrees to execute a limited power of attorney in favor of such firms as required for them to carry out those services. TFG intends to use SEI, Schwab and AssetMark for such services, plus research and marketing assistance. Client acknowledges that SEI, Schwab and AssetMark act only as a provider of administrative services to TFG and TFG is responsible to client for all investment advice provided pursuant to the Investment Advisory Agreement. No additional fee is paid by TFG to SEI, Schwab or AssetMark. DISCLOSURE STATEMENT A copy of TFG’s written Brochure as set forth in this Part 2A of Form ADV shall be provided to each client prior to, or contemporaneously with, the execution of the Investment Management Agreement or Financial Planning and Consulting Agreement. Any client who has not received a copy of TFG’s written Brochure at least 48 hours prior to executing the Investment Management Agreement or Financial Planning and Consulting Agreement shall have five (5) business days after executing the agreement to terminate TFG’s services without penalty. TFG shall provide investment advisory services specific to the needs of each client. Prior to providing investment advisory services, an investment adviser representative will ascertain each client’s investment objective(s). Thereafter, TFG shall allocate and/or recommend that the client allocate investment assets consistent with the designated investment objective(s). The client may, at any time, impose reasonable restrictions, in writing, on TFG’s services. TFG currently has sub-advisor arrangements with AssetMark Investment Management. AssetMark Investment Management: AssetMark acts in a sub-advisory capacity for TFG client accounts. An - 6 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A advisory agreement with TFG will be retained to allow AssetMark to act in a sub- advisory capacity. TFG will direct AssetMark to manage the account according to specified guidelines. AssetMark allocates portfolios among individual securities and/or fixed income and retail mutual funds and ETFs through allocations discussed with TFG. Fund groups and ETF sponsors, if used, are compensated by expense ratio. Under this sub-advisory arrangement AssetMark may have limited contact with clients and will manage accounts according to the instructions of TFG, who has retained AssetMark to act in a sub-advisory capacity. The advisory fees received by AssetMark will be determined by the agreement entered into between TFG and AssetMark. Financial Planning: TFG IARs can provide comprehensive, individualized financial planning services to clients, either on an hourly or fixed fee basis. The Financial Plan may be for a portion of the overall financial needs of the client or a completed comprehensive plan of the client's entire needs which may include analysis of investable assets, college planning, retirement planning as well as insurance needs. Analysis is based on the goals of the Client which are gathered in meetings with the IAR. All advisory services are required to be tailored to the individual needs of the Client. IARs will determine and gather necessary data during client meetings. Such data may include client's current financial situation, client's personal goals and objectives, tolerance for risk and investment style of the client. This information can be gathered in various forms, including conversations between the Client and IAR, and/or the Client completing questionnaires to assess tolerance of investment risk, or other questionnaires when appropriate. Clients may impose restrictions on specific securities or types of securities. IARs will honor this restriction by documenting the file. Clients should communicate the request for restriction to the IAR. As of December 31, 2025, TFG had $117,989,765 in assets under management on a discretionary basis and $13,706,787 in assets under management on a non-discretionary basis for a total of $131,696,552 in assets under management. Item 5 - Fees and Compensation INVESTMENT ADVISORY SERVICES The client can determine whether to engage TFG to provide discretionary or non-discretionary investment advisory services on a fee-only basis. TFG’s annual investment advisory fee is based upon a percentage (%) of the market value of the assets placed under TFG's management as follows: Market Value of Portfolio % of Assets $0 - $1,000,000 1.0% $1,000,001 - $2,500,000 0.75% $2,500,001 - $5,000,000 0.56% $5,000,001 - $10,000,000 0.42% $10,000,001+ 0.31% - 7 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Clients may elect to have TFG’s advisory fees deducted from their custodial account. Both TFG’s Investment Management Agreement and the custodial/clearing agreement may authorize the custodian to debit the account for TFG's investment advisory fee and to directly remit that management fee to TFG in compliance with regulatory procedures. In the limited event that TFG bills the client directly, payment is due upon receipt of TFG’s invoice. TFG shall deduct fees and/or bill clients quarterly in arrears or in advance depending on the custodians and/or advisory services selected, based upon the market value of the assets on the last business day of the quarter. It should be noted that the total fees charged to clients by both the firm and a third-party money manager will not exceed 3% of the assets under management per year. In calculating the market value of a client’s assets, assets allocated to cash or a cash proxy, such as a money market account, will be included in the calculation of assets under management. FINANCIAL PLANNING AND CONSULTING To the extent specifically requested by a client, TFG may determine to provide financial planning and consulting on a stand-alone separate fee basis. TFG’s financial planning fees are negotiable but generally range from a fixed fee of $1,500 to $3,000 and from $150 to $250 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s). Clients may elect to have TFG’s advisory fees deducted from their custodial account. Both TFG’s Investment Management Agreement and the custodial/clearing agreement may authorize the custodian to debit the account for TFG's investment advisory fee and to directly remit that management fee to TFG in compliance with regulatory procedures. In the limited event that TFG bills the client directly, payment is due upon receipt of TFG’s invoice. For SEI and Schwab accounts, fees are collected quarterly in arrears and for AssetMark fees are paid quarterly in advance. To the extent applicable, custodians sometimes charge transaction fees for affecting certain mutual fund securities to include account maintenance and termination fees. SEI Private Trust Company and Schwab Advisor Services Fees are billed quarterly based on the fair market value of the assets in the account on the last day of the most recently completed quarter. SEI and Schwab platform fees, which are a portion of the Advisory Fees retained by SEI and Schwab for asset management, may not be directly billed to the Client and are deducted from the assets of the Account. The fees retained by TFG may be deducted from the assets of the Account or billed directly to the Client by TFG. Mutual Fund and ETF Fees The Fee does not include special requests by clients or the internal management, operating or distribution fees or expenses imposed or incurred by Mutual Funds or ETFs. Clients should read each fund or ETF’s prospectus for a more complete explanation of these fees and expenses, which include fees for management, administration, shareholder servicing, distribution, transfer agent, custodial, legal, audit and other services. - 8 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Clients may invest directly in mutual funds or ETF’s without paying the advisory fee. Thus, it may be cheaper for clients to invest in Mutual Funds and ETF’s. However, clients will not receive the services provided by TFG if they choose to do so. TFG does not represent that the fee a client pays is the same as or lower than that charged to other clients who invest in TFG or is the same as or lower than that charged by other sponsors of comparable programs for accounts of comparable size or investment objectives. When selecting mutual funds that have multiple share classes for recommendation to clients, TFG will take into account the internal fees and expenses associated with each share class, and it is TFG policy to choose the lowest-cost share class, absent circumstances that dictate otherwise. For complete discussion of expenses related to each mutual fund, you should read a copy of the prospectus issued by that fund. Expense Ratios Mutual funds generally charge a management fee for their services as investment managers. The management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the mutual fund company charges 0.5% for their services. These fees are in addition to the fees paid by you to TFG. Performance figures quoted by mutual fund companies in various publications are after their fees have been deducted. Fee Arrangements As discussed below, unless the client directs otherwise or an individual client’s circumstances require, TFG shall generally recommend and not require that SEI and Schwab will serve as custodians and AssetMark as an independent sub-advisor for client investment management assets. Other sub-advisors may be chosen through the SEI and Schwab advisory platforms. In addition to TFG’s investment management fee, clients will also incur, relative to all mutual fund and exchange traded fund purchases, charges imposed at the fund level (e.g. management fees and other fund expenses). INVESTMENT MANAGEMENT For the initial quarter of investment management services, the first quarter’s fees shall be calculated on a pro rata basis. The Investment Management Agreement between TFG and the client will continue in effect until terminated by either party pursuant to the terms of the Agreement. TFG’s annual fee shall be prorated through the date of termination and any remaining balance shall be charged or refunded to the client, as appropriate, in a timely manner. FINANCIAL PLANNING AND CONSULTING Prior to engaging TFG to provide financial planning and consulting services, the client will generally be required to enter into a written agreement with TFG setting forth the terms and conditions of the engagement and describing the scope of the services to be provided and the portion of the fee that is due from the client prior to TFG commencing services. Generally, TFG requires one-half of the financial planning/consulting fee (estimated hourly or fixed) payable upon entering into the written agreement. The balance is generally due upon delivery of the financial plan or completion of the agreed upon services. Either party may terminate the agreement by written notice to the other. In the event the client terminates TFG’s financial planning and - 9 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A consulting services, the balance of TFG’s unearned fees (if any) shall be refunded to the client. If termination occurs within five business days of entering into an agreement for such services, the client shall be entitled to a full refund. Item 6 - Performance-Based Fees Neither TFG nor any supervised person of TFG accepts performance-based fees. Item 7 - Types of Clients TFG’s clients shall generally include individuals, pension, and profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities. TFG does not require an annual minimum account size for investment advisory services. Client engagements are always at TFG’s discretion. Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss Security analysis methods involve the following fundamental analysis: Modern Portfolio Theory – TFG’s investment approach is firmly rooted in the belief that markets are “efficient”, and that investor’s returns are determined primarily by asset allocation decisions, rather than market timing or security selection. TFG recommends diversified portfolios, principally through use of actively or passively managed mutual funds, ETFs, individual securities, and fixed income securities. Two Kinds of Risk Modern portfolio theory states that the risk for individual stock returns has two components: Systematic Risk – These are market risks that cannot be diversified away. Interest rates, recessions and wars are examples of systematic risks. Unsystematic Risk – Also known as “specific risk”, this risk is specific to individual stocks and can be diversified away as you increase the number of stocks in your portfolio. It represents the component of a stock’s return that is not correlated with general market moves. For a well-diversified portfolio, the risk – or average deviation from the mean – of each stock contributes little to portfolio risk. Instead, it is the difference – or covariance – between individual stock’s levels of risk that determines overall portfolio risk. As a result, investors benefit from holding diversified portfolios instead of individual stocks. TFG may utilize the following investment strategies when implementing investment advice given to clients: • Long Term Purchases (securities held at least a year) TFG’s investment philosophy is designed for investors who desire a buy and hold strategy, with an investment time horizon minimum of five years and preferably ten years or more. - 10 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A • Short Term Purchases (securities sold within a year) Investment Strategies TFG’s methods of analysis and investment strategies do not present any significant or unusual risks. However, every method of analysis has its own inherent risks. To perform an accurate market analysis, TFG must have access to current/new market information. TFG has no control over the dissemination rate of market information; therefore, unbeknownst to TFG, certain analyses may be compiled with outdated market information, severely limiting the value of the TFG’s analysis. Furthermore, an accurate market analysis can only produce a forecast of the direction of market values. There can be no assurances that a forecasted change in market value will materialize into actionable and/or profitable investment opportunities. TFG’s primary investment strategies – Long Term Purchases and Short-Term Purchases - are fundamental investment strategies. However, every investment strategy has its own inherent risks and limitations. For example, longer-term investment strategies require a longer investment time period to allow for the strategy to potentially develop. Shorter-term investment strategies require a shorter investment time period to potentially develop but, as a result of more frequent trading, may incur higher transactional costs when compared to a longer-term investment strategy. Currently, TFG primarily allocates client investment assets among various individual securities, exchange- traded funds (“ETF”), mutual funds, and/or fixed income securities, on a discretionary basis in accordance with the client’s designated investment objective(s). At a client’s specific request, an account may be managed on a non-discretionary basis. Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks: • Interest-rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market values to decline. • • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic, and social conditions may trigger market events. Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. • Currency Risk: Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk. • Reinvestment Risk: This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e. interest rate). This primarily relates to fixed income securities. • Business Risk: These risks are associated with a particular industry or a particular company within an - 11 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A industry. For example, oil-drilling companies depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of profitability than an electric company, which generates its income from a steady stream of customers who buy electricity no matter what the economic environment is like. • Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. • Financial Risk: Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. The risks associated with a particular strategy are provided to each Client in advance of investing Client accounts. TFG will work with each Client to determine their tolerance for risk as part of the portfolio construction process. The following are some of the risks associated with the Advisor’s investment strategies: • ETF Risks: The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs have a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. • Mutual Fund Risks: The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day. • Equity Securities: Equity securities tend to be more volatile than other investment choices. The value of an individual mutual fund or ETF can be more volatile than the market as a whole. This volatility affects the value of the client’s overall portfolio. Small and mid-cap companies are subject to additional risks. Smaller companies may experience greater volatility, higher failure rates, more limited markets, product lines, financial resources, and less management experience than larger companies. Smaller companies may also have a lower trading volume, which may disproportionately affect their market price, tending to make them fall more in response to selling pressure than is the case with larger companies. • Fixed Income: The issuer of a fixed income security may not be able to make interest and principal payments when due. Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation. If a rating agency gives a debt security a lower rating, the value of the debt security will decline because investors will demand a higher rate of return. As nominal - 12 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A interest rates rise, the value of fixed income securities held by the Fund is likely to decrease. A nominal interest rate is the sum of a real interest rate and an expected inflation rate. • Real Estate Investment Trust (REIT): A REIT is an entity, typically a trust or corporation that accepts investments from a number of investors, pools the money, and then uses that money to invest in real estate through either actual property purchases or mortgage loans. While there are some benefits to owning REITs, which include potential tax benefits, income and the relatively low barrier to invest in real estate as compared to directly investing in real estate, REITs also have some increased risks as compared to more traditional investments such as stocks, bonds, and mutual funds. First, real estate investing can be highly volatile. Second, the specific REIT chosen may have a focus such as commercial real estate or real estate in a given location. Such investment focus can be beneficial if the properties are successful but lose significant principal if the properties are not successful. REITs may also employ significant leverage for the purpose of purchasing more investments with fewer investment dollars, which can enhance returns but also enhances the risk of loss. The success of a REIT is highly dependent upon the manager of the REIT. Clients should ensure they understand the role of the REIT in their portfolio. Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Item 9 - Disciplinary Information There are no legal or disciplinary events involving TFG or any management person. Item 10 - Other Financial Industry Activities and Affiliations LICENSED INSURANCE AGENCY/AGENT TFG has arrangements that are material to its advisory or its clients with a related person who is an insurance agent. In this regard, TFG’s principal, Ari Teplitz is a licensed insurance agent, and in such capacity, may introduce clients to insurance agencies to obtain certain insurance-related products. Accordingly, TFG does not exercise any discretionary authority with respect to a client’s decision to obtain such insurance-related products but may receive fees in connection therewith. Conflict of Interest: The recommendation by TFG’s principals that a client purchase an insurance commission product presents a conflict of interest, as the receipt of commissions may provide an incentive to recommend insurance products based on commissions to be received, rather than on a particular client’s need. No client is under any obligation to purchase any commission products from TFG or its principals. Clients are reminded that they may purchase insurance products recommended by TFG through other, non-affiliated insurance agents. - 13 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A TFG attempts to mitigate conflicts of interest with the potential receipt of commissions if recommendations are implemented by providing you with these disclosures. Further, you are encouraged to consult other professionals and may implement recommendations through other financial professionals. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions that a client or prospective client may have regarding the above conflict of interest. TFG does not receive, directly or indirectly, compensation from investment advisors that it recommends or selects for its clients. However, TFG does receive direct compensation from AssetMark when recommending clients to participate in its advisory program. The firm will ensure that before selecting other advisers for consideration that those advisors are properly licensed or registered as investment advisers. Item 11 - Code of Ethics, Participation or Interest in Client Transactions and Personal Trading TFG maintains an investment policy relative to personal securities transactions. This investment policy is part of TFG’s overall Code of Ethics, which serves to establish a standard of business conduct for all of TFG’s members that is based upon fundamental principles of openness, integrity, honesty and trust, a copy of which is available upon request. In accordance with Section 204A of the Investment Advisers Act of 1940, TFG also maintains and enforces written policies reasonably designed to prevent the misuse of material non-public information by TFG or any person associated with TFG. Neither TFG nor any related person of TFG recommends, buys, or sells for client accounts, securities in which TFG or any related person of TFG has a material financial interest. However, TFG and/or representatives of TFG may buy or sell securities that are also recommended to clients. This practice may create a situation where TFG and/or representatives of the firm are in a position to materially benefit from the sale or purchase of those securities. Therefore, this situation creates a potential conflict of interest. Practices such as “scalping” (i.e., a practice whereby the owner of shares of a security recommends that security for investment and then immediately sells it at a profit upon the rise in the market price which follows the recommendation) could take place if TFG did not have adequate policies in place to detect such activities. In addition, this requirement can help detect insider trading, “front- running” (i.e., personal trades executed prior to those of the TFG’s clients) and other potentially abusive practices. Notwithstanding the foregoing access persons are permitted to invest in mutual funds, ETFs, hedge funds, master limited partnerships (organized as exchange-traded or as funds) and other similar pass-through investments. - 14 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 12 - Brokerage Practices In the event the client requests that TFG recommend a broker/dealer-custodian for execution and/or custodial services (exclusive of those clients that may direct TFG to use a specific broker-dealer/custodian), TFG generally recommends that investment management accounts be maintained at SEI Private Trust Company, Schwab Advisor Services and AssetMark Investment Management. Prior to engaging TFG to provide investment management services, the client will be required to enter into a formal Investment Management Agreement with TFG setting forth the terms and conditions under which TFG shall manage the client's assets, and a separate custodial/clearing agreement with each designated broker/dealer-custodian. Factors that TFG considers in recommending any custodian to clients) include historical relationship with TFG, financial strength, reputation, execution capabilities, pricing, research, and service. Although the commissions and/or transaction fees paid by TFG’s clients shall comply with TFG's duty to obtain best execution, a client may pay a commission and/or transaction fee that is higher than another qualified broker- dealer might charge to affect the same transaction where TFG determines, in good faith, that the commission/transaction fee is reasonable in relation to the value of the brokerage and research services received. In seeking best execution, the determinative factor is not the lowest possible cost, but whether the transaction represents the best qualitative execution, taking into consideration the full range of a broker/dealer services, including the value of research provided, execution capability, commission rates, and responsiveness. Accordingly, although TFG will seek competitive rates, it may not necessarily obtain the lowest possible commission rates/transaction fees for client account transactions. TFG’s best execution responsibility is qualified if securities that it purchases for client accounts are mutual funds that trade at net asset value as determined at the daily market close. RESEARCH AND ADDITIONAL BENEFITS Although not a material consideration when determining whether to recommend that a client utilize the services of a particular broker-dealer/custodian, TFG may receive from a broker-dealer/custodian without cost (and/or at a discount) support services and/or products, certain of which assist TFG to better monitor and service client accounts maintained at such institutions. Included within the support services that may be obtained by TFG may be investment-related research, pricing information and market data, software and other technology that provide access to client account data, compliance and/or practice management-related publications, discounted or gratis consulting services, discounted and/or gratis attendance at conferences, meetings, and other educational and/or social events, marketing support, computer hardware and/or software and/or other products used by TFG in furtherance of its investment advisory business operations. As indicated above, certain of the support services and/or products that may be received may assist TFG in managing and administering client accounts. Others do not directly provide such assistance but rather assist - 15 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A TFG to manage and further develop its business enterprise. SOFT DOLLAR BENEFITS The term “soft dollars” refers to a means of paying brokerage firms or other third parties for products and services through commission revenue, based on the volume of brokerage commission revenues generated from securities transactions executed through brokers by an investment manager on behalf of advisory clients. TFG is specifically authorized to direct brokerage to firms which furnish or pay for research and/or brokerage services within the “safe harbor” provided by Section 28(e) of the Securities Exchange Act of 1934 (“Exchange Act”). Consequently, a conflict of interest exists as TFG benefits from the arrangement because it does not have to produce or pay for the research it receives and has an incentive to select a broker-dealer based on TFG’s interest in receiving research or other products or services, rather than TFG’s interest in receiving the most favorable execution. Mitigating this conflict is that all the research and other services noted below benefit TFG’s clients. Other broker-dealers through which TFG effects transactions may provide TFG with investment research and other products and services that are generally made available to all institutional investors doing business with such broker-dealers. These bundled services are made available to TFG on an unsolicited basis and without regard to the rates of commissions charged or paid by TFG or the volume of business TFG directs to such broker- dealers. Since these products and services are merely made available by broker-dealers as part of a bundled business package to TFG, which may or may not use them, it is TFG’s understanding that such broker- dealers do not set discrete prices for such products and services. Accordingly, TFG does not separately compensate such broker-dealers for the provision of such services and does not believe that it “pays-up” for such broker-dealers’ services since the broker-dealers do not break out the costs for such services. TFG does not receive referrals from broker-dealers. TFG does not generally accept directed brokerage arrangements (when a client requires that account transactions be affected through a specific broker-dealer). In such client directed arrangements, the client will negotiate terms and arrangements for their account with that broker-dealer, and TFG will not seek better execution services or prices from other broker- dealers or be able to "batch" the client's transactions for execution through other broker- dealers with orders for other accounts managed by TFG. As a result, client may pay higher commissions or other transaction costs or greater spreads, or receive less favorable net prices, on transactions for the account than would otherwise be the case. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions that a client or prospective client may have regarding the above arrangement and any corresponding perceived conflict of interest such arrangement may create. Please Note: In the event the client directs TFG to effect securities transactions for the client's accounts through a specific broker-dealer, the client correspondingly acknowledges that such direction may cause the - 16 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A accounts to incur higher commissions or transaction costs than the accounts would otherwise incur had the client determined to effect account transactions through alternative clearing arrangements that may be available through TFG. To the extent that TFG provides investment management services to its clients, the transactions for each client account generally will be affected independently, unless TFG decides to purchase or sell the same securities for several clients at approximately the same time. TFG may (but is not obligated to) combine or “bunch” such orders to obtain best execution, to negotiate more favorable commission rates or to allocate equitably among TFG’s client’s differences in prices and commissions or other transaction costs that might have been obtained had such orders been placed independently. Under this procedure, transactions will be averaged as to price and will be allocated among clients in proportion to the purchase and sale orders placed for each client account on any given day. TFG shall not receive any additional compensation or remuneration because of such aggregation. Item 13 - Review of Accounts For those clients to whom TFG provides investment supervisory services, account reviews are conducted on an ongoing basis by TFG’s principal, Ari Teplitz. All investment supervisory clients are advised that it remains their responsibility to advise TFG of any changes in their investment objectives and/or financial situation. All clients (in person or via telephone) are encouraged to review financial planning issues (to the extent applicable), investment objectives and account performance with TFG on an annual basis. TFG may conduct account reviews on a periodic basis upon the occurrence of a triggering event, such as a change in client investment objectives and/or financial situation, market corrections and client request. Clients are provided, at least quarterly, with written transaction confirmation notices and regular written summary account statements directly from the broker/dealer-custodian and/or program sponsor for the client accounts. TFG may also provide a written periodic report summarizing account activity and performance. For those clients to whom TFG provides financial planning and/or consulting services will receive reports from TFG summarizing its analysis and conclusions as requested by the client or otherwise agreed to in writing by TFG. Item 14 - Client Referrals and Other Compensation TFG does not directly or indirectly compensate any person who is not advisory personnel for client referrals. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions that a client or prospective client may have regarding the above arrangement and any corresponding perceived conflict of interest any such arrangement may create. - 17 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 15 - Custody TFG shall have the ability to have its advisory fee for each client debited by the custodian on a quarterly basis. Clients are provided, at least quarterly, with written transaction confirmation notices and regular written summary account statements directly from the broker- dealer/custodian and/or program sponsor for the client accounts. TFG may also provide a written periodic report summarizing account activity and performance. Accordingly, TFG makes the following representation with respect to the safeguarding of client’s assets exclusively domiciled in the state of California: A. TFG has custody of the funds and securities solely because of its authority to make withdrawals from client accounts to pay its advisory fee. B. TFG has written authorization from the client to deduct advisory fees from the account held with the qualified custodian. C. Each time a fee is directly deducted from a client account, TFG concurrently: i. Sends the qualified custodian an invoice or statement of the amount of the fee to be deducted from the client’s account; and ii. Sends the client an invoice or statement itemizing the fee. Itemization includes the formula used to calculate the fee, the value of the assets under management on which the fee is based, and the time period covered by the fee. D. TFG notifies the California Commissioner, when applicable, in writing that TFG intends to use the safeguards provided in this paragraph (b)(3). Such notification is required to be given on Form ADV. Please Note: Clients are urged to review statements received from the custodian. Please Also Note: The account custodian does not verify the accuracy of TFG’s advisory fee calculation. Item 16 - Investment Discretion The client can determine whether to engage TFG to provide investment advisory services on a discretionary basis. Prior to TFG assuming discretionary authority over a client’s account, client shall be required to execute an Investment Management Agreement, naming TFG as client’s attorney and agent in fact, granting TFG full authority to buy, sell, or otherwise effect investment transactions involving the assets in the client’s name found in the discretionary account and to the broker/dealer generally recommended by TFG as described in Item 12, above. Clients who engage TFG on a discretionary basis may, at any time, impose restrictions, in writing, on TFG’s discretionary authority. (i.e. limit the types/amounts of particular securities purchased for their account, exclude the ability to purchase securities with an inverse relationship to the market, limit or proscribe TFG’s use of margin, etc.). - 18 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 17 - Voting Client Securities TFG does not vote client proxies. Therefore, although TFG may provide investment advisory services relative to client investment assets, TFG’s clients maintain responsibility for: (1) directing the manner in which proxies solicited by issuers of securities beneficially owned by the client shall be voted, and (2) making all elections relative to any mergers, acquisitions, tender offers, bankruptcy proceedings or other type events pertaining to the client’s investment assets. TFG and/or the client shall correspondingly instruct each custodian of the assets to forward to the client copies of all proxies and shareholder communications relating to the client’s investment assets. Clients may contact TFG to discuss any questions they may have with a particular solicitation. Item 18 - Financial Information TFG does not solicit fees of more than $500.00 per client, six months or more in advance. TFG recently applied for and received a small business loan through the Payroll Protection Program established under the Coronavirus Aid, Relief and Economic Security Act (“CARES ACT”). Please note the loan does not materially impact our advisory relationships with clients, nor does it impair our ability to meet contractual obligations and fiduciary commitments to our clients. The loan was taken to pay the salaries of our employees who are primarily responsible for performing advisory functions for our clients. The loan is forgivable provided TFG satisfies the terms of the loan program. TFG has not been the subject of a bankruptcy petition. - 19 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 1: Cover Sheet FORM ADV PART 2A APPENDIX 1 WRAP FEE PROGRAM BROCHURE Teplitz Financial Group LLC 3 Jocama Blvd., Suite 200A Old Bridge, NJ. 08857 Phone: (732) 591-0909 Fax: (732) 862-1114 CRD No. 122038 WEBSITE: http://www.teplitzfinancial.com EMAIL: ateplitz@teplitzfinancial.com April 1, 2026 This wrap fee program brochure provides information about the qualifications and business practices of Teplitz Financial Group LLC. If you have any questions about the contents of this brochure, please contact us at 732-591-0909 or via email at ateplitz@teplitzfinancial.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. Teplitz Financial Group LLC is registered as an Investment Adviser with the Securities and Exchange Commission. Our registration does not imply a certain level of skill or training. Additional information about Teplitz Financial Group LLC is also available on the SEC’s website at www.adviserinfo.sec.gov. - 20 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 2: Statement of Material Changes In this Item, Teplitz Financial Group LLC is required to discuss any material changes that have been made to the brochure since the last annual updating amendment. Since the last filing, the firm has terminated its affiliation with Osaic and is no longer offering service/securities through their broker-dealer. - 21 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 3: Table of Contents TABLE OF CONTENTS Item 1: Cover Sheet 20 Item 2: Statement of Material Changes 21 Item 3: Table of Contents 22 Item 4: Service, Fees, and Compensation 23 Item 5: Account Requirements and Types of Clients 266 Item 6: Portfolio Manager Selection and Evaluation 26 Item 7: Client Information Provided to Portfolio Managers 27 Item 8: Client Contact with Portfolio Managers 27 Item 9: Performance-Based Fees 277 Item 10: Types of Clients Error! Bookmark not defined.8 Item 11: Methods of Analysis, Investment Strategies and Risk of LossError! Bookmark not defined.9 Code of Ethics, Participation, or Interest in Client Transactions and Personal Trading 32 Review of Accounts 32 Client Referrals and Other Compensation 33 Financial Information 33 - 22 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A WRAP FEE PROGRAM BROCHURE TEPLITZ FINANCIAL GROUP LLC Item 4: Service, Fees, and Compensa�on Teplitz Financial Group LLC (“TFG”) offers a wrap fee program whereby the firm manages client accounts for a single convenient wrap fee that includes investment advisory services, portfolio management services, custody and clearance services and transaction costs. Additionally, certain of TFG’s Supervised Persons, in their individual capacities, offer insurance products under a separate commission-based arrangement. TFG serves as the portfolio manager and seeks long-term growth of clients’ financial assets while emphasizing preservation of capital. Prior to engaging TFG to provide services through the wrap fee program, the client is required to enter into an Investment Management Agreement with TFG which sets forth the terms and conditions of the engagement and the scope of services to be provided. Clients may impose restrictions on investing in specific securities, industries, or sectors. Advisory Fee TFG charges a single convenient “wrap fee” for these services. The fee is payable quarterly in arrears or in advance depending on the custodians and/or advisory services selected, based upon the market value of the assets on the last business day of the quarter. The first fee payment is due upon execution of the Investment Advisory Agreement and will be assessed pro-rata in the event the agreement is executed at any time other than the first business day of a calendar quarter. The pro-rata calculation will begin on the first day of the calendar month that follows the execution of the Investment Advisory Agreement (for example, if the Investment Advisory Agreement is executed in January, pro-rata billing will begin February 1st). Lower fees may be negotiated at TFG’s sole discretion. Advisory fees are directly debited from client accounts. Clients may obtain a refund of a pre-paid fee if the advisory contract is terminated before the end of the billing period, based on the amount of time remaining in the billing period. In addition to compensating TFG for advisory services, the wrap fee you pay TFG allows us to pay for brokerage and execution services provided by SEI or Schwab. In addition to the advisory services, the wrap fee program includes certain brokerage services of SEI Investments Company (“SEI”), a broker-dealer registered with the Securities and Exchange Commission and a member of FINRA and SIPC. We are independently owned and operated and not affiliated with SEI. SEI will act solely as a broker-dealer and not as an investment advisor to you. SEI will have no discretion over your account and will act solely on instructions it receives from us [or you]. SEI has no responsibility for our services and undertakes no duty to you to monitor our firm's management of your account or other services we provide to you. SEI will hold your assets in a brokerage account and buy and sell securities and execute other transactions when we [or you] instruct them to. We do not open the account for you. TFG pays SEI a flat 15 basis point fee in lieu of transaction-based commissions; the fee includes trades. The fees we pay SEI are - 23 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A assessed on certain assets in your account(s) at SEI and passed on to you as part of your advisory fee. This fee may be higher or lower at the discretion of TFG. The benefits under a wrap fee program depend, in part, upon the size of the account, the costs associated with managing the account, and the frequency or type of securities transactions executed in the account. For example, a wrap fee program may not be suitable for all accounts, including but not limited to accounts holding primarily, and for any substantial period of time, cash or cash equivalent investments, fixed income securities or no-transaction-fee mutual funds, or any other type of security that can be traded without commissions or other transaction fees. In order to evaluate whether a wrap [or bundled] fee arrangement is appropriate for you, you should compare the agreed-upon Wrap Program Fee and any other costs associated with participating in our Wrap Fee Program with the amounts that would be charged by other advisers, broker-dealers, and custodians, for advisory fees, brokerage and execution costs, and custodial services comparable to those provided under the Wrap Fee Program. A wrap fee is not based directly on the number of transactions in your account. Various factors influence the relative cost of our wrap fee program to you, including the cost of our investment advice, custody and brokerage services if you purchased them separately, the types of investments held in your account, and the frequency, type and size of trades in your account. The program could cost you more or less than purchasing our investment advice and custody/brokerage services separately. TFG’s standard advisory fee is based on the market value of the assets under management and is calculated as follows: Market Value of Por�olio % of Assets 1.0% $0 - $1,000,000 0.75 $1,000,001 - $2,500,000 0.56% $2,500,001 - $5,000,000 0.42% $5,000,001 - $10,000,000 0.31% $10,000,001+ TFG's annual investment advisory fee may be discounted at TFG’s discretion and shall include investment advisory services. The fees listed in the above table are a blended tier starting at 1% of the first $1,000,000, then .75% after achieving the next threshold. In the event the client requires extraordinary financial planning (to be determined in the sole discretion of TFG), TFG may determine to charge for such additional services, the dollar amount of which shall be set forth in a separate written notice to the client. - 24 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Financial Planning and Consulting Services To the extent specifically requested by TFG we may determine to provide financial planning and/or consulting services on a stand-alone separate fee basis. TFG’s financial planning and consulting fees are negotiable but generally range from a fixed fee of $1,500 to $3,000 and from $150 to $250 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s). Prior to engaging TFG to provide financial planning and consulting services, clients are generally required to enter into a Financial Planning and Consulting Agreement with TFG setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the portion of the fee that is due from the client prior to TFG commencing services. If requested by the client, in performing its services, TFG shall not be required to verify any information received from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. TFG may recommend the services of itself, its Advisory Affiliates in their individual capacities as registered representatives of a broker-dealer, and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if TFG recommends its own services. The client is under no obligation to act upon any of the recommendations made by TFG under a financial planning/consulting engagement and/or engage the services of any such recommended professional, including TFG itself. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any of TFG’s recommendations. The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from TFG. Sub-advisory Arrangements TFG may engage sub-advisors for the purpose of assisting it with the management of its client accounts. The sub-advisor(s) shall have discretionary authority for the day-to-day management of the assets that are allocated to it by TFG. The sub-advisor shall continue in such capacity until such arrangement is terminated or modified by TFG. Currently, TFG may recommend the investment management services of SEI Private Trust Company (“SEI”), Schwab Advisor Services (“Schwab”) and AssetMark. The terms and conditions under which the client shall engage the Independent Manager(s) shall be set forth in separate written agreements between (1) the client and TFG and (2) the client and the designated Independent Manager(s) and/or wrap fee program sponsor. TFG shall continue to render advisory services to the client relative to the ongoing monitoring and review of account performance, for which TFG shall receive an annual advisory fee which is based upon a percentage of the market value of the assets being managed by the designated Independent Manager(s). Factors that TFG shall consider in recommending Independent Manager(s) include the client’s stated investment objective(s), management style, performance, reputation, financial strength, reporting, pricing, and research. - 25 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A The investment management fees charged by the designated Independent Manager(s), together with the fees charged by the wrap fee program sponsor and corresponding designated broker-dealer/custodian of the client’s assets, may be exclusive of, and in addition to, TFG’s investment advisory fee set forth above. As discussed above, the client may incur additional fees than those charged by TFG, the designated Independent Manager(s), wrap fee program sponsor (if applicable), and corresponding broker- dealer and custodian. Certain Independent Manager(s) may impose more restrictive account requirements and varying billing practices than TFG. In such instances, TFG may alter its corresponding account requirements and/or billing practices to accommodate those of the Independent Manager(s) or wrap fee program sponsor. If TFG refers a client to certain Independent Manager(s) where TFG’s compensation is included in the advisory fee charged by such Independent Manager(s) and the client engages those Independent Manager(s), TFG shall be compensated for its services by receipt of a fee to be paid directly by the Independent Manager(s) to TFG in accordance with the requirements of Rule 206(4)-3 of the Investment Advisers Act of 1940, as amended, and any corresponding state securities laws, rules, regulations, or requirements, but not to exceed an aggregate amount of 3%. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions concerning TFG’s sub- advisory arrangements. Compensation for Recommending the Wrap Fee Program TFG has no arrangements in place whereby persons recommending the wrap fee program are entitled to receive additional compensation as a result of clients’ participation. Assets under Management As of December 31, 2025, TFG had $117,989,765 in assets under management on a discretionary basis and $13,706,787 in assets under management on a non-discretionary basis for a total of $131,696,552 in assets under management. Item 5: Account Requirements and Types of Clients TFG’s clients shall generally include individuals, pension, and profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities. TFG does not require an annual minimum account size for investment advisory services. Client engagements are always at TFG’s discretion. Item 6: Portfolio Manager Selection and Evaluation The wrap fee program offered by TFG is sponsored by the firm’s custodian, SEI, and TFG is the only portfolio manager. The only fees covered under the wrap fee program are transaction fees associated with the purchase and sale of securities in an account managed by TFG. All client accounts managed by TFG, - 26 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A including wrap fee program clients, are managed with similar processes, although account recommendations may differ. Item 7: Client Information Provided to Portfolio Managers When evaluating the recommendations for a client, TFG considers their income level/tax rate, risk tolerance, and overall financial picture to get a strong idea of what’s best for them. With that in mind, TFG makes recommendations around their investment management, noting the risk profile of the 3rd party manager and cost to the client. TFG ensures all client questions are answered and they are fully aware of the risks involved in anything they are investing in. Item 8: Client Contact with Portfolio Managers Clients may contact TFG, the only portfolio manager, at any time. Item 9: Addi�onal Informa�on Disciplinary Information A. Criminal or Civil Actions TFG and its management have not been involved in any criminal or civil action. B. Administrative Enforcement Proceedings TFG and its management have not been involved in administrative enforcement proceedings. C. Self-Regulatory Organization Enforcement Proceedings TFG and its management have not been involved in legal or disciplinary events that are material to a Client’s or prospective Client’s evaluation of TFG or the integrity of its management. Other Financial Industry Ac�vi�es and Affilia�ons A. Broker-dealer Neither TFG, nor its representatives are registered, or have an application pending to register, as a broker dealer or as an associated person of the foregoing entities. B. Futures Commission Merchant/Commodity Trading Advisor Neither TFG, nor its representatives, are registered or have an application pending to register, as a futures commission merchant, commodity pool operator, a commodity trading advisor, or a representative of the foregoing. - 27 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A C. Relationship with Related Persons Neither TFG nor its representatives have a relationship with Related Persons. D. Recommendations of Other Advisers TFG does not receive, directly or indirectly, compensation from investment advisors that it recommends or selects for its clients. However, TFG does receive direct compensation from AssetMark when recommending clients to participate in its advisory program. The firm will ensure that before selecting other advisers for consideration that those advisors are properly licensed or registered as investment advisers. E. Licensed Insurance Brokers TFG has arrangements that are material to its advisory or its clients with a related person who is an insurance agent. In this regard, TFG’s principal, Ari Teplitz is a licensed insurance agent, and in such capacity, may introduce clients to insurance agencies to obtain certain insurance-related products. Accordingly, TFG does not exercise any discretionary authority with respect to a client’s decision to obtain such insurance-related products but may receive fees in connection therewith. Conflict of Interest: The recommendation by TFG’s principals that a client purchase an insurance commission product presents a conflict of interest, as the receipt of commissions may provide an incentive to recommend insurance products based on commissions to be received, rather than on a particular client’s need. No client is under any obligation to purchase any commission products from TFG or its principals. Clients are reminded that they may purchase insurance products recommended by TFG through other, non-affiliated insurance agents. TFG attempts to mitigate conflicts of interest with the potential receipt of commissions if recommendations are implemented by providing you with these disclosures. Further, you are encouraged to consult other professionals and may implement recommendations through other financial professionals. Item 10 - Types of Clients TFG’s clients shall generally include individuals, pension, and profit-sharing plans, trusts, estates, charitable organizations, corporations, and business entities. TFG does not require an annual minimum account size for investment advisory services. Client engagements are always at TFG’s discretion. - 28 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Item 11 - Methods of Analysis, Investment Strategies and Risk of Loss Security analysis methods involve the following fundamental analysis: Modern Portfolio Theory – TFG’s investment approach is firmly rooted in the belief that markets are “efficient”, and that investor’s returns are determined primarily by asset allocation decisions, rather than market timing or security selection. TFG recommends diversified portfolios, principally through use of actively or passively managed mutual funds, ETFs, individual securities, and fixed income securities. Two Kinds of Risk Modern portfolio theory states that the risk for individual stock returns has two components: Systematic Risk – These are market risks that cannot be diversified away. Interest rates, recessions and wars are examples of systematic risks. Unsystematic Risk – Also known as “specific risk”, this risk is specific to individual stocks and can be diversified away as you increase the number of stocks in your portfolio. It represents the component of a stock’s return that is not correlated with general market moves. For a well-diversified portfolio, the risk – or average deviation from the mean – of each stock contributes little to portfolio risk. Instead, it is the difference – or covariance – between individual stock’s levels of risk that determines overall portfolio risk. As a result, investors benefit from holding diversified portfolios instead of individual stocks. TFG may utilize the following investment strategies when implementing investment advice given to clients: • Long Term Purchases (securities held at least a year) TFG’s investment philosophy is designed for investors who desire a buy and hold strategy, with an investment time horizon minimum of five years and preferably ten years or more. • Short Term Purchases (securities sold within a year) Investment Strategies TFG’s methods of analysis and investment strategies do not present any significant or unusual risks. However, every method of analysis has its own inherent risks. To perform an accurate market analysis, TFG must have access to current/new market information. TFG has no control over the dissemination rate of market information; therefore, unbeknownst to TFG, certain analyses may be compiled with outdated market information, severely limiting the value of the TFG’s analysis. Furthermore, an accurate market analysis can only produce a forecast of the direction of market values. There can be no assurances that a forecasted change in market value will materialize into actionable and/or profitable investment opportunities. TFG’s primary investment strategies – Long Term Purchases and Short-Term Purchases - are fundamental investment strategies. However, every investment strategy has its own inherent risks and limitations. For example, longer-term investment strategies require a longer investment time period to allow for the strategy to potentially develop. - 29 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Shorter-term investment strategies require a shorter investment time period to potentially develop but, as a result of more frequent trading, may incur higher transactional costs when compared to a longer-term investment strategy. Currently, TFG primarily allocates client investment assets among various individual securities, exchange- traded funds (“ETF”), mutual funds, and/or fixed income securities, on a discretionary basis in accordance with the client’s designated investment objective(s). At a client’s specific request, an account may be managed on a non-discretionary basis. Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks: • Interest-rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market values to decline. • • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic, and social conditions may trigger market events. Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. • Currency Risk: Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk. • Reinvestment Risk: This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e. interest rate). This primarily relates to fixed income securities. • Business Risk: These risks are associated with a particular industry or a particular company within an industry. For example, oil-drilling companies depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of profitability than an electric company, which generates its income from a steady stream of customers who buy electricity no matter what the economic environment is like. • Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. • Financial Risk: Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. The risks associated with a particular strategy are provided to each Client in advance of investing Client accounts. TFG will work with each Client to determine their tolerance for risk as part of the portfolio - 30 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A construction process. The following are some of the risks associated with the Advisor’s investment strategies: • ETF Risks: The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs have a large bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. • Mutual Fund Risks: The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the same price as a mutual fund purchased later that same day. • Equity Securities: Equity securities tend to be more volatile than other investment choices. The value of an individual mutual fund or ETF can be more volatile than the market as a whole. This volatility affects the value of the client’s overall portfolio. Small and mid-cap companies are subject to additional risks. Smaller companies may experience greater volatility, higher failure rates, more limited markets, product lines, financial resources, and less management experience than larger companies. Smaller companies may also have a lower trading volume, which may disproportionately affect their market price, tending to make them fall more in response to selling pressure than is the case with larger companies. • Fixed Income: The issuer of a fixed income security may not be able to make interest and principal payments when due. Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation. If a rating agency gives a debt security a lower rating, the value of the debt security will decline because investors will demand a higher rate of return. As nominal interest rates rise, the value of fixed income securities held by the Fund is likely to decrease. A nominal interest rate is the sum of a real interest rate and an expected inflation rate. • Real Estate Investment Trust (REIT): A REIT is an entity, typically a trust or corporation that accepts investments from a number of investors, pools the money, and then uses that money to invest in real estate through either actual property purchases or mortgage loans. While there are some benefits to owning REITs, which include potential tax benefits, income and the relatively low barrier to invest in real estate as compared to directly investing in real estate, REITs also have some increased risks as compared to more traditional investments such as stocks, bonds, and mutual funds. First, real estate investing can be highly volatile. Second, the specific REIT chosen may have a focus such as commercial real estate or real estate in a given location. Such investment focus can be beneficial if the properties are successful but lose significant principal if the properties are not successful. REITs may also employ significant leverage for the purpose of purchasing more investments with fewer investment dollars, which can enhance returns but also enhances the risk of loss. The success of a REIT is highly dependent - 31 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A upon the manager of the REIT. Clients should ensure they understand the role of the REIT in their portfolio. Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Code of Ethics, Par�cipa�on, or Interest in Client Transac�ons and Personal Trading A. A copy of the Code of Ethics is available upon request. Our Code of Ethics includes discussions of our fiduciary duty to clients, poli�cal contribu�ons, gi�s, and entertainment. B. TFG does not recommend to clients that they invest in any security in which TFG, or any principal thereof has any financial interest. C. Firm principals may at some point recommend and choose to invest in a security in their personal account that is already in, or being considered for, a client account. Principals will not place personal trades before client trades in the same security. D. Firm Principals may at some point choose to invest in a security in their personal account at the same �me that security is being traded for or being considered for, a client account. Principals will not place personal trades before client trades in the same security at the same �me. Review of Accounts For those clients to whom TFG provides investment supervisory services, account reviews are conducted on an ongoing basis by TFG’s principal, Ari Teplitz. All investment supervisory clients are advised that it remains their responsibility to advise TFG of any changes in their investment objectives and/or financial situation. All clients (in person or via telephone) are encouraged to review financial planning issues (to the extent applicable), investment objectives and account performance with TFG on an annual basis. TFG may conduct account reviews on a periodic basis upon the occurrence of a triggering event, such as a change in client investment objectives and/or financial situation, market corrections and client request. Clients are provided, at least quarterly, with written transaction confirmation notices and regular written summary account statements directly from the broker/dealer-custodian and/or program sponsor for the client accounts. TFG may also provide a written periodic report summarizing account activity and performance. For those clients to whom TFG provides financial planning and/or consulting services will receive reports from TFG summarizing its analysis and conclusions as requested by the client or otherwise agreed to in writing by TFG. - 32 - TEPLITZ FINANCIAL GROUP LLC  TEPLITZ FINANCIAL GROUP LLC Form ADV, Part 2A Client Referrals and Other Compensa�on TFG does not directly or indirectly compensate any person who is not advisory personnel for client referrals. TFG’s Chief Compliance Officer, Ari Teplitz, remains available to address any questions that a client or prospective client may have regarding the above arrangement and any corresponding perceived conflict of interest any such arrangement may create. Financial Information TFG does not solicit fees of more than $500.00 per client, six months or more in advance. TFG recently applied for and received a small business loan through the Payroll Protection Program established under the Coronavirus Aid, Relief and Economic Security Act (“CARES ACT”). Please note the loan does not materially impact our advisory relationships with clients, nor does it impair our ability to meet contractual obligations and fiduciary commitments to our clients. The loan was taken to pay the salaries of our employees who are primarily responsible for performing advisory functions for our clients. The loan is forgivable provided TFG satisfies the terms of the loan program. TFG has not been the subject of a bankruptcy petition. - 33 - TEPLITZ FINANCIAL GROUP LLC