THE EHRLICH GROUP LLC

Ehrlich Financial Group Form ADV Part 2A – Disclosure Brochure Effective: June 23, 2025 This Form ADV Part 2A (“Disclosure Brochure”) provides information about the qualifications and business practices of Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”). If you have any questions about the content of this Disclosure Brochure, please contact the Advisor at 949-342-8852. Ehrlich Financial Group is a registered investment advisor with the U.S. Securities and Exchange Commission. The information in this Disclosure Brochure has not been approved or verified by the U.S. Securities and Exchange Commission (“SEC”) or by any state securities authority. Registration of an investment advisor does not imply any specific level of skill or training. This Disclosure Brochure provides information about Ehrlich Financial Group to assist you in determining whether to retain the Advisor. Additional information about Ehrlich Financial Group and its Advisory Persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 325595. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852 Fax: 949-462-9752 https://ehrlichfg.com  Item 2 – Material Changes Form ADV 2 is divided into two parts: Part 2A (the "Disclosure Brochure") and Part 2B (the "Brochure Supplement"). The Disclosure Brochure provides information about a variety of topics relating to an Advisor’s business practices and conflicts of interest. The Brochure Supplement provides information about the Advisory Persons of Ehrlich Financial Group. For convenience, the Advisor has combined these documents into a single disclosure document. Ehrlich Financial Group believes that communication and transparency are the foundation of its relationship with clients and will continually strive to provide you with complete and accurate information at all times. Ehrlich Financial Group encourages all current and prospective clients to read this Disclosure Brochure and discuss any questions you may have with the Advisor. Material Changes The following material changes have been made to this Disclosure Brochure since the last annual amendment on 2/1/2024: ● The Advisor now offers Insurance Consulting Services through DPL Financial Partners, LLC, and has updated Item 4 and Item 5 respectively. Future Changes From time to time, the Advisor may amend this Disclosure Brochure to reflect changes in business practices, changes in regulations or routine annual updates as required by the securities regulators. This complete Disclosure Brochure or a Summary of Material Changes shall be provided to you annually and if a material change occurs. At any time, you may view the current Disclosure Brochure on-line at the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 325595. You may also request a copy of this Disclosure Brochure at any time by contacting the Advisor at 949-342-8852. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 2 https://ehrlichfg.com  Item 3 – Table of Contents Item 2 – Material Changes ..................................................................................................................................... 2 Item 3 – Table of Contents .................................................................................................................................... 3 Item 4 – Advisory Services ................................................................................................................................... 4 Item 5 – Fees and Compensation ......................................................................................................................... 7 Item 6 – Performance-Based Fees and Side-By-Side Management .................................................................. 9 Item 7 – Types of Clients ..................................................................................................................................... 10 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ........................................................ 10 Item 9 – Disciplinary Information ....................................................................................................................... 12 Item 10 – Other Financial Industry Activities and Affiliations ......................................................................... 13 Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading .............. 13 Item 12 – Brokerage Practices ............................................................................................................................ 14 Item 13 – Review of Accounts ............................................................................................................................ 15 Item 14 – Client Referrals and Other Compensation ........................................................................................ 15 Item 15 – Custody ................................................................................................................................................ 16 Item 16 – Investment Discretion ......................................................................................................................... 16 Item 17 – Voting Client Securities ...................................................................................................................... 16 Item 18 – Financial Information .......................................................................................................................... 16 Form ADV Part 2B – Brochure Supplement ...................................................................................................... 17 Privacy Policy ...................................................................................................................................................... 31 Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 3 https://ehrlichfg.com  Item 4 – Advisory Services A. Firm Information Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission. The Advisor is organized as a Limited Liability Company (LLC) under the laws of the State of California. Ehrlich Financial Group was founded in May 2023 and is owned and operated by Andy Ehrlich, CEO and Private Wealth Advisor. This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by Ehrlich Financial Group. B. Advisory Services Offered Ehrlich Financial Group offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses, and retirement plans (each referred to as a “Client”). The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary, the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential conflicts of interest. Ehrlich Financial Group's fiduciary commitment is further described in the Advisor’s Code of Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. Investment Management Services Ehrlich Financial Group provides customized investment advisory solutions for its Clients. This is achieved through continuous personal Client contact and interaction while providing discretionary investment management and related advisory services. Ehrlich Financial Group works closely with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio strategy. Ehrlich Financial Group will then construct an investment portfolio, consisting of low-cost, diversified mutual funds and/or exchange-traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may also utilize individual stocks, bonds or options contracts to meet the needs of its Clients. The Advisor may retain other types of investments from the Client’s legacy portfolio due to fit with the overall portfolio strategy, tax-related reasons, or other reasons as identified between the Advisor and the Client. Ehrlich Financial Group’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re- allocate positions that have been held for less than one year to meet the objectives of the Client or due to market conditions. Ehrlich Financial Group will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor. Ehrlich Financial Group evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. Ehrlich Financial Group may recommend, on occasion, redistributing investment allocations to diversify the portfolio. Ehrlich Financial Group may recommend specific positions to increase sector or asset class weightings. The Advisor may recommend employing cash positions as a possible hedge against market movement. Ehrlich Financial Group may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. At no time will Ehrlich Financial Group accept or maintain custody of a Client’s funds or securities, except for the limited authority as outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 4 https://ehrlichfg.com  Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a retirement account to an account managed by the Advisor. Insurance Consulting – Ehrlich Financial Group has a relationship with DPL Financial Partners, LLC (“DPL”). By working with DPL, Ehrlich Financial Group may provide insurance reviews/analyses, education, and insurance solutions while mitigating conflicts of interests surrounding compensation. DPL is a third-party provider of a platform of insurance consultancy services to SEC & State-registered investment advisers (“RIAs”) that have clients with a current or future need for insurance products. DPL offers RIAs memberships to its platform for a fixed annual fee and, through its licensed insurance agents who are also registered representatives of The Leaders Group, Inc. (“The Leaders Group”), an unaffiliated SEC-registered broker-dealer and FINRA member, offers members a variety of services relating to fee-based insurance products. These services include, among others, providing members with analyses of their current methodology for evaluating client insurance needs, educating and acting as a resource to members regarding insurance products generally and specific insurance products owned by their clients or that their clients are considering purchasing, and providing members access to and product marketing support regarding fee-based products that insurers have agreed to offer to members’ clients through DPL’s platform. For providing platform services to RIAs, DPL receives service fees from the insurers that offer their fee- based products through the platform. These service fees are based on the insurance premiums received by the insurers. DPL is licensed as an insurance producer in Kentucky and other jurisdictions where required to perform the platform services. Its representatives are also licensed as insurance producers, appointed as insurance agents of the insurers offering their products through the platform, and registered representatives of The Leaders Group. Financial Planning Services Ehrlich Financial Group will typically provide a variety of financial planning and consulting services to Clients, pursuant to a written financial planning agreement. Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning services involve preparing a formal financial plan or rendering a specific financial consultation based on the Client’s financial goals and objectives. This planning or consulting may encompass one or more areas of need, including but not limited to, investment planning, retirement planning, personal savings, education savings, insurance needs and other areas of a Client’s financial situation. A financial plan developed for, or financial consultation rendered to the Client will usually include general recommendations for a course of activity or specific actions to be taken by the Client. For example, recommendations may be made that the Client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs. Ehrlich Financial Group may also refer Clients to an accountant, attorney or other specialists, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of the Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed within six (6) months of contract date, assuming all information and documents requested are provided promptly. Financial planning and consulting recommendations pose a conflict between the interests of the Advisor and the interests of the Client. For example, the Advisor has an incentive to recommend that Clients engage the Advisor for investment management services or to increase the level of investment assets with the Advisor, as it would increase the amount of advisory fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the Client elects to Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 5 https://ehrlichfg.com  act on any of the recommendations made by the Advisor, the Client is under no obligation to implement the transaction through the Advisor. Use of Independent Managers Ehrlich Financial Group will recommend that Clients utilize one or more unaffiliated investment managers or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s investment portfolio, based on the Client’s needs and objectives. In certain instances, the Client may be required to authorize and enter into an investment management agreement with the Independent Manager[s] that defines the terms in which the Independent Manager[s] will provide its services. The Advisor will perform initial and ongoing oversight and due diligence over each Independent Manager to ensure the strategy remains aligned with Clients investment objectives and overall best interests. The Advisor will also assist the Client in the development of the initial policy recommendations and managing the ongoing Client relationship. The Client, prior to entering into an agreement with an Independent Manager, will be provided with the Independent Manager's Form ADV Part 2A - Disclosure Brochure (or a brochure that makes the appropriate disclosures). Retirement Plan Advisory Services Ehrlich Financial Group may provide the following retirement plan advisory services: • Vendor Analysis • Employee Enrollment and Education Tracking • Investment Policy Statement (“IPS”) Support • Investment Management • Performance Reports • Ongoing Investment Recommendation and Assistance • ERISA 404(c) Assistance • Benchmarking Services Ehrlich Financial Group may provide investment advisory services on behalf of the Plan and Plan Sponsor, which may be in either a 3(21) or 3(38) context depending on whether or not the Advisor is also providing discretionary investment management over the Plan assets. For 3(38) services, the Advisor shall have the discretion to select the investments for the Plan and/or make investment decisions on behalf of Plan Participants. C. Client Account Management Prior to engaging Ehrlich Financial Group to provide investment advisory services, each Client is required to enter into one or more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor and the Client. These services may include: ● Establishing an Investment Strategy – Ehrlich Financial Group, in connection with the Client, will develop a strategy that seeks to achieve the Client’s goals and objectives. ● Asset Allocation – Ehrlich Financial Group will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and tolerance for risk for each Client. ● Portfolio Construction – Ehrlich Financial Group will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client. ● Investment Management and Supervision – Ehrlich Financial Group will provide investment management and ongoing oversight of the Client’s investment portfolio. D. Wrap Fee Programs Ehrlich Financial Group does not manage or place Client assets into a wrap fee program. Investment management services are provided directly by Ehrlich Financial Group. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 6 https://ehrlichfg.com  E. Assets Under Management As of December 31, 2024, Ehrlich Financial Group manages $225,832,244 in Client assets all of which are managed on a discretionary basis. Clients may request more current information at any time by contacting the Advisor. Item 5 – Fees and Compensation The following paragraphs detail the fee structure and compensation methodology for services provided by the Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or more written agreements/a written agreement with the Advisor. A. Fees for Advisory Services Investment Management Services Investment advisory fees are paid monthly, at the beginning of each calendar month pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the time-weighted daily average of the previous month. Investment advisory fees range from .40% to 2.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor. Relationships with multiple objectives, specific reporting requirements, portfolio restrictions and other complexities may be charged a higher fee. The investment advisory fee in the first month of service is prorated from the inception date of the account[s] to the end of the first month. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by Ehrlich Financial Group will be independently valued by the Custodian. The Advisor will conduct periodic reviews of the Custodian’s valuation to ensure accurate billing. The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor shall not receive any portion of these commissions, fees, and costs. Financial Planning Services Ehrlich Financial Group offers financial planning services either on an hourly basis or a fixed engagement fee. Hourly fees range from $250 to $500 per hour. Fixed fees range from $1,500 to $10,000. Fees may be negotiable based on the nature and complexity of the services to be provided and the overall relationship with the Advisor. An estimate for total hours and/or total costs will be provided to the Client prior to engaging for these services. Use of Independent Managers As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio utilizing one or more Independent Managers. To eliminate any conflict of interest, the Advisor does not earn any compensation from an Independent Manager. The Advisor will only earn its investment advisory fee as described above. The total blended fee, including the Advisor’s fee and the Independent Manager’s fee, will not exceed 2.00% annually. Retirement Plan Advisory Services Fees Fees for retirement plan advisory services are charged an annual asset-based fee of up to 1.00%, on a schedule set forth in the terms of the agreement. Retirement plan fees are based on the market value of assets under management as described within the client agreement. Fees may be negotiable depending on the size and complexity of the Plan. Insurance Consulting Insurance Consulting fees are paid monthly, in advance of each calendar month pursuant to the terms of the investment advisory agreement. Insurance consulting fees range from .40% to 2.00% annually to align with the Client’s stated Investment Management fee as outlined in 5.A and the investment advisory agreement. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 7 https://ehrlichfg.com  B. Fee Billing Investment Management Services Investment advisory fees are calculated by the Advisor or its delegate and deducted from the Client’s account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the amount of the fees to be deducted from the Client’s account[s] at the beginning of the respective month. Annualized fees are billed on a pro-rata basis monthly in advance based on the value of the account(s) on the time-weighted daily average of the previous month. Clients will be provided with a statement, at least quarterly, from the Custodian reflecting deduction of the investment advisory fee. Clients provide written authorization permitting advisory fees to be deducted by Ehrlich Financial Group to be paid directly from their account[s] held by the Custodian as part of the investment advisory agreement and separate account forms provided by the Custodian. Financial Planning Services Financial planning service payments will be determined on a case-by-case basis and will be detailed in the signed agreement. Our firm will not require an advance payment exceeding $1,200 when services cannot be rendered within 6 months. Use of Independent Managers For Client accounts implemented through an Independent Manager, the Client’s overall fees may include Ehrlich Financial Group’s investment advisory fee (as noted above) plus investment management fees and/or platform fees charged by the Independent Manager[s], as applicable. In certain instances, the Independent Manager or the Advisor may assume responsibility for calculating the Client’s fees and deduct all fees from the Client’s account[s]. Retirement Plan Advisory Services Fees Ehrlich Financial Group is compensated for its services based on the stipulations outlined within each Retirement Plan Advisory contract. Fees may be directly invoiced to the Plan Sponsor or deducted from the assets of the Plan, depending on the terms of the retirement plan advisory agreement. C. Other Fees and Expenses Clients may incur certain fees or charges imposed by third parties, other than Ehrlich Financial Group, in connection with investments made on behalf of the Client’s account[s]. The Client is responsible for all custody and securities execution fees charged by the Custodian, as applicable. The Advisor's recommended Custodian does not charge securities transaction fees for ETF and equity trades in a Client's account, provided that the account meets the terms and conditions of the Custodian's brokerage requirements. However, the Custodian typically charges for mutual funds and other types of investments. The fees charged by Ehrlich Financial Group are separate and distinct from these custody and execution fees. In addition, all fees paid to Ehrlich Financial Group for investment advisory services are separate and distinct from the expenses charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds, other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. A Client may be able to invest in these products directly, without the services of Ehrlich Financial Group, but would not receive the services provided by Ehrlich Financial Group which are designed, among other things, to assist the Client in determining which products or services are most appropriate for each Client’s financial situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees charged by Ehrlich Financial Group to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage Practices for additional information. D. Advance Payment of Fees and Termination Investment Management Services Ehrlich Financial Group may be compensated for its investment management services in advance of the month in which services are rendered. Either party may terminate the investment advisory agreement, at any time, by providing advance written notice to the other party. The Client may also terminate the investment advisory agreement within five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five- day period, the Client will incur charges for bona fide advisory services rendered to the point of termination and Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 8 https://ehrlichfg.com  such fees will be due and payable by the Client. Upon termination, the Advisor will refund any unearned, prepaid investment advisory fees from the effective date of termination to the end of the month. The Client’s investment advisory agreement with the Advisor is non-transferable without the Client’s prior consent. Financial Planning Services Ehrlich Financial Group is compensated for its financial planning based upon the terms stated in the client agreement. Either party may terminate the financial planning agreement, at any time, by providing advance written notice to the other party. The Client may also terminate the financial planning agreement within five (5) business days of signing the Advisor’s agreement at no cost to the Client. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be due and payable by the Client. Upon termination, the Client shall be billed for actual hours logged on the planning project times the contractual hourly rate or in the case of a fixed fee engagement, the percentage of the engagement scope completed by the Advisor. Upon termination, the Advisor will refund any unearned, prepaid planning fees from the effective date of termination to the end of the stated time period applicable to the client. The Client’s financial planning agreement with the Advisor is non-transferable without the Client’s prior consent. Use of Independent Managers In the event that the Advisor has determined that an Independent Manager is no longer in the Client’s best interest or a Client should wish to terminate their relationship with the Independent Manager, the terms for the termination will be set forth in the respective agreements between the Client or the Advisor and the Independent Manager. Ehrlich Financial Group will assist the Client with the termination and transition as appropriate. Retirement Plan Advisory Services Fees Either party may request to terminate their services with Ehrlich Financial Group in whole or in part, by providing advance written notice to the other party. The Client shall be responsible for investment advisory fees up to and including the effective date of termination for accounts that bill in arrears as stated in the client’s agreement. The Advisor will refund any unearned, prepaid investment advisory fees from the effective date of termination to the end of the month for accounts for accounts that bill in advance as stated in the client’s agreement. The Client’s retirement plan services agreement with the Advisor is non-transferable without the Client’s written approval. E. Compensation for Sales of Securities Ehrlich Financial Group does not buy or sell securities to earn commissions and does not receive any compensation for securities transactions in any Client account, other than the investment advisory fees noted above. Certain Advisory Persons are licensed as independent insurance professionals. Advisory Persons will earn commission-based compensation for selling insurance products, including insurance products they sell to Clients. Insurance commissions earned by these persons are separate and in addition to advisory fees. This practice presents a conflict of interest because persons providing investment advice on behalf of the Advisor who are insurance agents have an incentive to recommend insurance products to Clients for the purpose of generating commissions rather than solely based on Client needs. However, Clients are under no obligation, contractually or otherwise, to purchase insurance products through any person affiliated with the Advisor. Please see Item 10 – Other Financial Industry Activities and Affiliations. Item 6 – Performance-Based Fees and Side-By-Side Management Ehrlich Financial Group does not charge performance-based fees for its investment advisory services. The fees charged by Ehrlich Financial Group are as described in Item 5 above and are not based upon the capital appreciation of the funds or securities held by any Client. Ehrlich Financial Group does not manage any proprietary investment funds or limited partnerships (for example, a mutual fund or a hedge fund) and has no financial incentive to recommend any particular investment options to its Clients. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 9 https://ehrlichfg.com  Item 7 – Types of Clients Ehrlich Financial Group generally requires a minimum relationship size of $250,000 to effectively implement its investment process. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss A. Methods of Analysis Ehrlich Financial Group primarily employs fundamental, cyclical, and, charting analysis methods in developing investment strategies for its Clients. Research and analysis from Ehrlich Financial Group are derived from numerous sources, including financial media companies, third-party research materials, Internet sources, and review of company activities, including annual reports, prospectuses, press releases and research prepared by others. Fundamental analysis utilizes economic and business indicators as investment selection criteria. This criteria consists generally of ratios and trends that may indicate the overall strength and financial viability of the entity being analyzed. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the fundamental analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Cyclical analysis is similar to technical analysis in that it involves the analysis of market conditions at a macro (entire market/economy) or micro (company specific) level, rather than the overall fundamental analysis of the health of the particular company that Ehrlich Financial Group is recommending. The risks with cyclical analysis are similar to those of technical analysis. Charting analysis utilizes various market indicators as investment selection criteria. These criteria are generally pricing trends that may indicate movement in the markets. Assets are deemed suitable if they meet certain criteria to indicate that they are a strong investment with a value discounted by the market. While this type of analysis helps the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in the technical and charting analysis may lose value and may have negative investment performance. The Advisor monitors these market indicators to determine if adjustments to strategic allocations are appropriate. As noted above, Ehrlich Financial Group generally employs a long-term investment strategy for its Clients, as consistent with their financial goals. Ehrlich Financial Group will typically hold all or a portion of a security for more than a year, but may hold for shorter periods for the purpose of rebalancing a portfolio or meeting the cash needs of Clients. At times, Ehrlich Financial Group may also buy and sell positions that are more short-term in nature, depending on the goals of the Client and/or the fundamentals of the security, sector or asset class. B. Risk of Loss Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients should be prepared to bear the potential risk of loss. Ehrlich Financial Group will assist Clients in determining an appropriate strategy based on their tolerance for risk and other factors noted above. However, there is no guarantee that a Client will meet their investment goals. Please see Item 8.B. for risks associated with the Advisor’s investment strategies as well as general risks of investing. While the methods of analysis help the Advisor in evaluating a potential investment, it does not guarantee that the investment will increase in value. Assets meeting the investment criteria utilized in these methods of analysis may lose value and may have negative investment performance. The Advisor monitors these economic indicators to Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 10 https://ehrlichfg.com  determine if adjustments to strategic allocations are appropriate. More details on the Advisor’s review process are included below in Item 13 – Review of Accounts. Each Client engagement will entail a review of the Client's investment goals, financial situation, time horizon, tolerance for risk and other factors to develop an appropriate strategy for managing a Client's account. Client participation in this process, including full and accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor shall rely on the financial and other information provided by the Client or their designees without the duty or obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this analysis. The risks associated with a particular strategy are provided to each Client in advance of investing Client accounts. The Advisor will work with each Client to determine their tolerance for risk as part of the portfolio construction process. Following are some of the risks associated with the Advisor’s investment strategies: Market Risks The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall financial markets. ETF Risks The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs has a large bid- ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short time later. Bond Risks Bonds are subject to specific risks, including the following: (1) interest rate risks, i.e. the risk that bond prices will fall if interest rates rise, and vice versa, the risk depends on two things, the bond's time to maturity, and the coupon rate of the bond. (2) reinvestment risk, i.e. the risk that any profit gained must be reinvested at a lower rate than was previously being earned, (3) inflation risk, i.e. the risk that the cost of living and inflation increase at a rate that exceeds the income investment thereby decreasing the investor’s rate of return, (4) credit default risk, i.e. the risk associated with purchasing a debt instrument which includes the possibility of the company defaulting on its repayment obligation, (5) rating downgrades, i.e. the risk associated with a rating agency’s downgrade of the company’s rating which impacts the investor’s confidence in the company’s ability to repay its debt and (6) Liquidity Risks, i.e. the risk that a bond may not be sold as quickly as there is no readily available market for the bond. 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. Quantitative/Algorithmic Investing The Advisor’s investment recommendations are based on proprietary algorithms. The risks associated with this type of investing are as follows: ● Quantitative Risk: The risk that the effectiveness of the quantitative strategy can dissipate over time as ● similar strategies are adopted and as the market becomes more efficiently priced. Input Data Risk: The risk that the information and data supplied to the algorithm is subject to input and quality errors. The Advisor’s strategies depend on the accuracy and reliability of the data and the strategies may not function properly if the data proves to be incorrect or incomplete, or is input incorrectly. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 11 https://ehrlichfg.com  ● Programming Risk: The Advisor’s research and strategy development process is extremely complex and the results of that process must then be translated into computer code. Although the Advisor seeks to hire individuals skilled in each of these functions and to provide appropriate levels of oversight, the complexity of the individual tasks, the difficulty of integrating such tasks, and the limited ability to perform “real world” testing of the end product raises the chances that the finished algorithm may contain an error; one or more of such errors could adversely affect a client’s portfolio. ● System Risk: The Advisor relies extensively on computer programs and systems in its proprietary algorithms to evaluate securities, to monitor its portfolio, and to generate reports that are critical to oversight of its activities. In addition, certain systems are operated by third party service providers. The Advisor may not always be in the best position to verify the risks or reliability of such third-party systems. These programs or systems, whether operated by a third party or not, may be subject to certain defects, failures or interruptions, including, but not limited to, those caused by computer “worms,” viruses and power failures. Any such defect or failure could have a material adverse effect on the Advisor’s activities. For example, such failures could cause settlement of trades to fail, lead to inaccurate accounting, recording or processing of trades, and cause inaccurate reports, which may affect the Advisor’s ability to monitor its investment portfolios and its risks. ● Operational Risk: The Advisor has developed systems and procedures to control operational risk. Operational risks arising from mistakes made in the trading confirmation or settlement of transactions, from transactions not being properly booked, evaluated or accounted for or other similar disruption in The Advisor’s operations may cause the Advisor to suffer financial loss; the disruption of its business; liability to Clients or third parties; regulatory intervention; or reputational damage. The Advisor relies heavily on its financial, accounting and other data processing systems. Margin Borrowings The use of short-term margin borrowings may result in certain additional risks to a Client. For example, if securities pledged to brokers to secure a Client's margin accounts decline in value, the Client could be subject to a "margin call", pursuant to which it must either deposit additional funds with the broker or be the subject of mandatory liquidation of the pledged securities to compensate for the decline in value. Alternative Investments (Limited Partnerships) The performance of alternative investments (limited partnerships) can be volatile and may have limited liquidity. An investor could lose all or a portion of their investment. Such investments often have concentrated positions and investments that may carry higher risks. Client should only have a portion of their assets in these investments. Real Estate Investment Trusts (“REITs”) Investing in Real Estate Investment Trusts (“REITs”) involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. For Example, equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self- liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline). Past performance is not a guarantee of future returns. Investing in securities and other investments involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to discuss these risks with the Advisor. Item 9 – Disciplinary Information There are no legal, regulatory or disciplinary events involving Ehrlich Financial Group or its owner [OR] management persons. Ehrlich Financial Group values the trust Clients place in the Advisor. The Advisor encourages Clients to perform the requisite due diligence on any advisor or service provider that the Client engages. The backgrounds of the Advisor or Advisory Persons are available on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 325595. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 12 https://ehrlichfg.com  Item 10 – Other Financial Industry Activities and Affiliations Insurance Agency Affiliations As noted in Item 5, certain Advisory Persons are also licensed insurance professionals. Implementations of insurance recommendations are separate and apart from their/one’s role with Ehrlich Financial Group. As an insurance professional, the Advisory Person may will receive customary commissions and other related revenues from the various insurance companies whose products are sold. The Advisory Person is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by the Advisory Persons or the Advisor. Use of Independent Managers As noted in Item 4, the Advisor may implement all or a portion of a Client’s investment portfolio with one or more Independent Managers. The Advisor does not receive any compensation nor does this present a material conflict of interest. The Advisor will only earn its investment advisory fee as described in Item 5.A. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Ehrlich Financial Group has implemented a Code of Ethics (the “Code”) that defines the Advisor’s fiduciary commitment to each Client. This Code applies to all persons associated with Ehrlich Financial Group (“Supervised Persons”). The Code was developed to provide general ethical guidelines and specific instructions regarding the Advisor’s duties to each Client. Ehrlich Financial Group and its Supervised Persons owe a duty of loyalty, fairness and good faith towards each Client. It is the obligation of Ehrlich Financial Group’s Supervised Persons to adhere not only to the specific provisions of the Code, but also to the general principles that guide the Code. The Code covers a range of topics that address employee ethics and conflicts of interest. To request a copy of the Code, please contact the Advisor at 949-342-8852. B. Personal Trading with Material Interest Ehrlich Financial Group allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients. Ehrlich Financial Group does not act as principal in any transactions. In addition, the Advisor does not act as the general partner of a fund, or advise an investment company. Ehrlich Financial Group does not have a material interest in any securities traded in Client accounts. C. Personal Trading in Same Securities as Clients Ehrlich Financial Group allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients. Owning the same securities that are recommended (purchase or sell) to Clients presents a conflict of interest that, as fiduciaries, must be disclosed to Clients and mitigated through policies and procedures. As noted above, the Advisor has adopted the Code to address insider trading (material non-public information controls); gifts and entertainment; outside business activities and personal securities reporting. When trading for personal accounts, Supervised Persons have a conflict of interest if trading in the same securities. The fiduciary duty to act in the best interest of its Clients can be violated if personal trades are made with more advantageous terms than Client trades, or by trading based on material non-public information. This risk is mitigated by Ehrlich Financial Group requiring reporting of personal securities trades by its Supervised Persons for review by the Chief Compliance Officer (“CCO”) or delegate. The Advisor has also adopted written policies and procedures to detect the misuse of material, non-public information. D. Personal Trading at Same Time as Client While Ehrlich Financial Group allows Supervised Persons to purchase or sell the same securities that may be recommended to and purchased on behalf of Clients, such trades are typically aggregated with Client orders or Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 13 https://ehrlichfg.com  traded afterwards. At no time will Ehrlich Financial Group, or any Supervised Person of Ehrlich Financial Group, transact in any security to the detriment of any Client. Item 12 – Brokerage Practices A. Recommendation of Custodian[s] Ehrlich Financial Group does not have discretionary authority to select the broker-dealer/custodian for custody and execution services. The Client will engage the broker-dealer/custodian (herein the "Custodian") to safeguard Client assets and authorize Ehrlich Financial Group to direct trades to the Custodian as agreed upon in the investment advisory agreement. Further, Ehrlich Financial Group does not have the discretionary authority to negotiate commissions on behalf of Clients on a trade-by-trade basis. Where Ehrlich Financial Group does not exercise discretion over the selection of the Custodian, it may recommend the Custodian to Clients for custody and execution services. Clients are not obligated to use the recommended Custodian and will not incur any extra fee or cost from the Advisor associated with using a custodian not recommended by Ehrlich Financial Group. However, the Advisor may be limited in the services it can provide if the recommended Custodian is not engaged. Ehrlich Financial Group may recommend the Custodian based on criteria such as, but not limited to, reasonableness of commissions charged to the Client, services made available to the Client, and its reputation and/or the location of the Custodian’s offices. Ehrlich Financial Group will generally recommend that Clients establish their account[s] at Charles Schwab & Co., Inc. (“Schwab”), a FINRA-registered broker-dealer and member SIPC. Schwab will serve as the Client’s “qualified custodian”. Ehrlich Financial Group maintains an institutional relationship with Schwab, whereby the Advisor receives economic benefits from Schwab (Please see Item 14 below.) Following are additional details regarding the brokerage practices of the Advisor: 1. Soft Dollars - Soft dollars are revenue programs offered by broker-dealers/custodians whereby an advisor enters into an agreement to place security trades with a broker-dealer/custodian in exchange for research and other services. Ehrlich Financial Group does not participate in soft dollar programs sponsored or offered by any broker-dealer/custodian. However, the Advisor receives certain economic benefits from the Custodian. Please see Item 14 below. 2. Brokerage Referrals - Ehrlich Financial Group does not receive any compensation from any third party in connection with the recommendation for establishing an account. 3. Directed Brokerage - All Clients are serviced on a “directed brokerage basis”, where Ehrlich Financial Group will place trades within the established account[s] at the Custodian designated by the Client. Further, all Client accounts are traded within their respective account[s]. The Advisor will not engage in any principal transactions (i.e., trade of any security from or to the Advisor’s own account) or cross transactions with other Client accounts (i.e., purchase of a security into one Client account from another Client’s account[s]). Ehrlich Financial Group will not be obligated to select competitive bids on securities transactions and does not have an obligation to seek the lowest available transaction costs. These costs are determined by the Custodian. B. Aggregating and Allocating Trades The primary objective in placing orders for the purchase and sale of securities for Client accounts is to obtain the most favorable net results taking into account such factors as 1) price, 2) size of the order, 3) difficulty of execution, 4) confidentiality and 5) skill required of the Custodian. Ehrlich Financial Group will execute its transactions through the Custodian as authorized by the Client. Ehrlich Financial Group may aggregate orders in a block trade or trades when securities are purchased or sold through the Custodian for multiple (discretionary) accounts in the same trading day. If a block trade cannot be executed in full at the same price or time, the securities actually purchased or sold by the close of each business day must be allocated in a manner that is consistent with the initial pre- allocation or other written statement. This must be done in a way that does not consistently advantage or disadvantage any particular Clients’ accounts. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 14 https://ehrlichfg.com  Item 13 – Review of Accounts A. Frequency of Reviews Securities in Client accounts are monitored on a regular and continuous basis by Lora Rommel, Chief Compliance Officer of Ehrlich Financial Group. Formal reviews are generally conducted at least annually or more frequently depending on the needs of the Client. B. Causes for Reviews In addition to the investment monitoring noted in Item 13.A., each Client account shall be reviewed at least annually. Reviews may be conducted more frequently at the Client’s request. Accounts may be reviewed as a result of major changes in economic conditions, known changes in the Client’s financial situation, and/or large deposits or withdrawals in the Client’s account[s]. The Client is encouraged to notify Ehrlich Financial Group if changes occur in the Client’s personal financial situation that might adversely affect the Client’s investment plan. Additional reviews may be triggered by material market, economic or political events. C. Review Reports The Client will receive brokerage statements no less than quarterly from the Custodian. These brokerage statements are sent directly from the Custodian to the Client. The Client may also establish electronic access to the Custodian’s website so that the Client may view these reports and their account activity. Client brokerage statements will include all positions, transactions and fees relating to the Client’s account[s]. The Advisor may also provide Clients with periodic reports regarding their holdings, allocations, and performance. Item 14 – Client Referrals and Other Compensation A. Compensation Received by Ehrlich Financial Group Participation in Institutional Advisor Platform Ehrlich Financial Group has established an institutional relationship with Schwab through its “Schwab Advisor Services” unit, a division of Schwab dedicated to serving independent advisory firms like Ehrlich Financial Group . As a registered investment advisor participating on the Schwab Advisor Services platform, Ehrlich Financial Group receives access to software and related support without cost because the Advisor renders investment management services to Clients that maintain assets at Schwab. Services provided by Schwab Advisor Services benefit the Advisor and many, but not all services provided by Schwab will benefit Clients. In fulfilling its duties to its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware, however, that the receipt of economic benefits from a custodian creates a potential conflict of interest since these benefits may influence the Advisor's recommendation of this custodian over one that does not furnish similar software, systems support, or services. Services that Benefit the Client – Schwab’s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of Client’s funds and securities. Through Schwab, the Advisor may be able to access certain investments and asset classes that the Client would not be able to obtain directly or through other sources. Further, the Advisor may be able to invest in certain mutual funds and other investments without having to adhere to investment minimums that might be required if the Client were to directly access the investments. Services that May Indirectly Benefit the Client – Schwab provides participating advisors with access to technology, research, discounts and other services. In addition, the Advisor receives duplicate statements for Client accounts, the ability to deduct advisory fees, trading tools, and back office support services as part of its relationship with Schwab. These services are intended to assist the Advisor in effectively managing accounts for its Clients, but may not directly benefit all Clients. Services that May Only Benefit the Advisor – Schwab also offers other services to Ehrlich Financial Group that may not benefit the Client, including: educational conferences and events, financial start-up support, consulting services and discounts for various service providers. Access to these services creates a financial incentive for the Advisor to recommend Schwab, which results in a potential conflict of interest. Ehrlich Financial Group believes, however, that Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 15 https://ehrlichfg.com  the selection of Schwab as Custodian is in the best interests of its Clients. B. Compensation for Client Referrals The Advisor does not compensate, either directly or indirectly, any persons who are not supervised persons, for Client referrals. Item 15 – Custody Ehrlich Financial Group does not accept or maintain custody of Client accounts, except for the limited circumstances outlined below: Deduction of Advisory Fees - To ensure compliance with regulatory requirements associated with the deduction of advisory fees, all Clients for whom Ehrlich Financial Group exercises discretionary authority must hold their assets with a "qualified custodian." Clients are responsible for engaging a “qualified custodian” to safeguard their funds and securities and must instruct Ehrlich Financial Group to utilize that Custodian for securities transactions on their behalf. Clients are encouraged to review statements provided by the Custodian and compare to any reports provided by Ehrlich Financial Group to ensure accuracy, as the Custodian does not perform this review. Money Movement Authorization - For instances where Clients authorize Ehrlich Financial Group to move funds between their accounts, Ehrlich Financial Group and the Custodian have implemented safeguards to ensure that all money movement activities are conducted strictly in accordance with the Client’s documented instructions. Item 16 – Investment Discretion Ehrlich Financial Group generally has discretion over the selection and amount of securities to be bought or sold in Client accounts without obtaining prior consent or approval from the Client. However, these purchases or sales may be subject to specified investment objectives, guidelines, or limitations previously set forth by the Client and agreed to by Ehrlich Financial Group. Discretionary authority will only be authorized upon full disclosure to the Client. The granting of such authority will be evidenced by the Client's execution of an investment advisory agreement containing all applicable limitations to such authority. All discretionary trades made by Ehrlich Financial Group will be in accordance with each Client's investment objectives and goals. Item 17 – Voting Client Securities Ehrlich Financial Group does not accept proxy-voting responsibility for any Client. Clients will receive proxy statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however, the Client retains the sole responsibility for proxy decisions and voting. Item 18 – Financial Information Neither Ehrlich Financial Group, nor its management, have any adverse financial situations that would reasonably impair the ability of Ehrlich Financial Group to meet all obligations to its Clients. Neither Ehrlich Financial Group, nor any of its Advisory Persons, have been subject to a bankruptcy or financial compromise. Ehrlich Financial Group is not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect advance payments of $1,200 or more for services to be performed six months or more in the future. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 16 https://ehrlichfg.com  Form ADV Part 2B – Brochure Supplement for Andrew L. Ehrlich CEO, Private Wealth Advisor Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA, 92677 949-342-8852 | www.ehrlichfg.com Effective: June 23, 2025 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Andrew L. Ehrlich (CRD# 4868523) in addition to the information contained in the Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”, CRD# 325595) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Ehrlich Financial Group Disclosure Brochure or this Brochure Supplement, please contact us at 949-342-8852. Additional information about Mr. Ehrlich is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 4868523. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 17 https://ehrlichfg.com  Item 2 – Educational Background and Business Experience Andrew L. Ehrlich, born in 1982, is dedicated to advising Clients of Ehrlich Financial Group as the CEO, and a Private Wealth Advisor. Ehrlich earned a Bachelor of Arts with a major in Political Science from the University of California at Santa Barbara in 2004. Additional information regarding Mr. Ehrlich’s employment history is included below. Employment History: CEO, Private Wealth Advisor, Ehrlich Financial Group Private Wealth Advisor, D'Amore, Ehrlich & Associates 05/2023 to Present 05/2007 to 05/2023 CERTIFIED FINANCIAL PLANNER™ (“CFP®”) The CERTIFIED FINANCIAL PLANNER™, CFP®, and federally registered CFP® (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by CERTIFIED FINANCIAL PLANNER™ Board of Standards, Inc. (“CFP® Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 87,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: ● Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; ● Examination – Pass the comprehensive CFP® Certification Examination. The examination includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances; ● Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and ● Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: ● Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and ● Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP®. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 18 https://ehrlichfg.com  Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mr. Ehrlich. Mr. Ehrlich has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mr. Ehrlich. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mr. Ehrlich. However, we do encourage you to independently view the background of Mr. Ehrlich on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 4868523. Item 4 – Other Business Activities Insurance Agency Affiliations Mr. Ehrlich is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mr. Ehrlich’s role with Ehrlich Financial Group. As an insurance professional, Mr. Ehrlich will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mr. Ehrlich is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mr. Ehrlich or the Advisor. Mr. Ehrlich spends approximately 1% of his time per month in this capacity. Item 5 – Additional Compensation Mr. Ehrlich has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mr. Ehrlich serves as the CEO, and a Private Wealth Advisor of Ehrlich Financial Group and is supervised by Lora Rommel, the Chief Compliance Officer. Ms. Rommel can be reached at 949-342-8852. Ehrlich Financial Group has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Ehrlich Financial Group. Further, Ehrlich Financial Group is subject to regulatory oversight by various agencies. These agencies require registration by Ehrlich Financial Group and its Supervised Persons. As a registered entity, Ehrlich Financial Group is subject to examinations by regulators, which may be announced or unannounced. Ehrlich Financial Group is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 19 https://ehrlichfg.com  Form ADV Part 2B – Brochure Supplement for Lora J. Rommel, CFP® Director of Financial Planning and Chief Compliance Officer Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA, 92677 (949) 342-8852 | https://www.ehrlichfg.com/ Effective: June 23, 2025 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Lora J. Rommel (CRD# 1925725) in addition to the information contained in the Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”, CRD# 325595) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Ehrlich Financial Group Disclosure Brochure or this Brochure Supplement, please contact us at 949-342-8852. Additional information about Ms. Rommel is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 1925725. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 20 https://ehrlichfg.com  Item 2 – Educational Background and Business Experience Lora J. Rommel, CFP®, born in 1957, is dedicated to advising Clients of Ehrlich Financial Group as the Director of Financial Planning and Chief Compliance Officer. Ms. Rommel earned a High School Diploma from Villa Park High School in 1975. Additional information regarding Ms. Rommel’s employment history is included below. Employment History: Director of Financial Planning and Chief Compliance Officer, Ehrlich Financial Group 05/2023 to Present 09/2006 to 05/2023 Associate Financial Advisor, D'Amore, Ehrlich & Associates CERTIFIED FINANCIAL PLANNER™ (“CFP®”) The CERTIFIED FINANCIAL PLANNER™, CFP®, and federally registered CFP® (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by CERTIFIED FINANCIAL PLANNER™ Board of Standards, Inc. (“CFP® Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 87,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: ● Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; ● Examination – Pass the comprehensive CFP® Certification Examination. The examination includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances; ● Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and ● Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: ● Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and ● Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 21 https://ehrlichfg.com  Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Ms. Rommel. Ms. Rommel has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Ms. Rommel. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Ms. Rommel. However, we do encourage you to independently view the background of Ms. Rommel on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 1925725. Item 4 – Other Business Activities Ms. Rommel is dedicated to the investment advisory activities of Ehrlich Financial’s Clients. Ms. Rommel does not have any other business activities Item 5 – Additional Compensation Ms. Rommel is dedicated to the investment advisory activities of Ehrlich Financial’s Clients. Ms. Rommel does not have any other business activities Item 6 – Supervision Ms. Rommel serves as the Director of Financial Planning and Chief Compliance Officer of Ehrlich Financial Group. Ms. Rommel can be reached at 949-342-8852. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 22 https://ehrlichfg.com  Form ADV Part 2B – Brochure Supplement for Jessica L. Krusey, CFP® Private Wealth Advisor Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA, 92677 (949) 342-8852 | https://ehrlichfg.com Effective: June 23, 2025 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Jessica L. Krusey (CRD# 4839333) in addition to the information contained in the Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”, CRD# 325595) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Ehrlich Financial Group Disclosure Brochure or this Brochure Supplement, please contact us at 949-342-8852. Additional information about Mrs. Krusey is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 4839333. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 23 https://ehrlichfg.com  Item 2 – Educational Background and Business Experience Jessica L. Krusey, CFP®, born in 1982, is dedicated to advising Clients of Ehrlich Financial Group as a Private Wealth Advisor. Mrs. Krusey earned a Bachelor of Business Administration from Kent State University in 2004. Additional information regarding Mrs. Krusey’s employment history is included below. Employment History: Private Wealth Advisor, Ehrlich Financial Group Associate Financial Advisor, Ameriprise Financial Client Service Associate, TIAA-CREF Wholesaler, Federated Investors 05/2023 to Present 09/2018 to 05/2023 02/2018 to 09/2018 03/2007 to 11/2017 CERTIFIED FINANCIAL PLANNER™ (“CFP®”) The CERTIFIED FINANCIAL PLANNER™, CFP®, and federally registered CFP® (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by CERTIFIED FINANCIAL PLANNER™ Board of Standards, Inc. (“CFP® Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 87,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: ● Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; ● Examination – Pass the comprehensive CFP® Certification Examination. The examination includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances; ● Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and ● Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: ● Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and ● Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP®. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 24 https://ehrlichfg.com  Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mrs. Krusey. Mrs. Krusey has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mrs. Krusey. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mrs. Krusey. However, we do encourage you to independently view the background of Mrs. Krusey on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 4839333. Item 4 – Other Business Activities Insurance Agency Affiliations Mrs. Krusey is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mrs. Krusey’s role with Ehrlich Financial Group. As an insurance professional, Mrs. Krusey will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mrs. Krusey is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mrs. Krusey or the Advisor. Mrs. Krusey spends approximately 1% of her time per month in this capacity. Item 5 – Additional Compensation Mrs. Krusey has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mrs. Krusey serves as a Private Wealth Advisor of Ehrlich Financial Group and is supervised by Lora Rommel, the Chief Compliance Officer. Ms. Rommel can be reached at 949-342-8852. Ehrlich Financial Group has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Ehrlich Financial Group. Further, Ehrlich Financial Group is subject to regulatory oversight by various agencies. These agencies require registration by Ehrlich Financial Group and its Supervised Persons. As a registered entity, Ehrlich Financial Group is subject to examinations by regulators, which may be announced or unannounced. Ehrlich Financial Group is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 25 https://ehrlichfg.com  Form ADV Part 2B – Brochure Supplement for Heather M. Boone Client Service Manager Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA, 92677 (949) 342-8852 | https://www.ehrlichfg.com/ Effective: June 23, 2025 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Heather M. Boone (CRD# 5175416) in addition to the information contained in the Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”, CRD# 325595) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Ehrlich Financial Group Disclosure Brochure or this Brochure Supplement, please contact us at 949-342-8852. Additional information about Mrs. Boone is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 5175416. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 26 https://ehrlichfg.com  Item 2 – Educational Background and Business Experience Heather M. Boone, born in 1983, is dedicated to advising Clients of Ehrlich Financial Group as a Client Service Manager. Mrs. Boone earned a B.A. Criminal Justice from California State University, Fullerton in 2006. Additional information regarding Mrs. Boone’s employment history is included below. Employment History: Client Service Manager, Ehrlich Financial Group LLC Associate Financial Advisor, D'Amore, Ehrlich & Associates 05/2023 to Present 05/2008 to 05/2023 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Mrs. Boone. Mrs. Boone has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Mrs. Boone. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Mrs. Boone. However, we do encourage you to independently view the background of Mrs. Boone on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 5175416. Item 4 – Other Business Activities Insurance Agency Affiliations Mrs. Boone is also a licensed insurance professional. Implementations of insurance recommendations are separate and apart from Mrs. Boone’s role with Ehrlich Financial Group. As an insurance professional, Mrs. Boone will receive customary commissions and other related revenues from the various insurance companies whose products are sold. Mrs. Boone is not required to offer the products of any particular insurance company. Commissions generated by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in recommending certain products of the insurance companies. Clients are under no obligation to implement any recommendations made by Mrs. Boone or the Advisor. Mrs. Boone spends approximately 1% of her time per month in this capacity. Item 5 – Additional Compensation Mrs. Boone has additional business activities where compensation is received that are detailed in Item 4 above. Item 6 – Supervision Mrs. Boone serves as a Client Service Manager of Ehrlich Financial Group and is supervised by Lora Rommel, the Chief Compliance Officer. Ms. Rommel can be reached at 949-342-8852. Ehrlich Financial Group has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Ehrlich Financial Group. Further, Ehrlich Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 27 https://ehrlichfg.com  Financial Group is subject to regulatory oversight by various agencies. These agencies require registration by Ehrlich Financial Group and its Supervised Persons. As a registered entity, Ehrlich Financial Group is subject to examinations by regulators, which may be announced or unannounced. Ehrlich Financial Group is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 28 https://ehrlichfg.com  Form ADV Part 2B – Brochure Supplement for Tiffany M. Leso Client Service Manager Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA, 92677 949-342-8852 | https://www.ehrlichfg.com/ Effective: June 23, 2025 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Tiffany M. Leso (CRD# 5637729) in addition to the information contained in the Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”, CRD# 325595) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the Ehrlich Financial Group Disclosure Brochure or this Brochure Supplement, please contact us at 949-342-8852. Additional information about Ms. Leso is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 5637729. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 29 https://ehrlichfg.com  Item 2 – Educational Background and Business Experience Tiffany M. Leso, born in 1984, is dedicated to advising Clients of Ehrlich Financial Group as a Client Service Manager. Ms. Leso earned an Associate of Arts in Liberal Studies from Santa Ana College in 2011. Additional information regarding Ms. Leso’s employment history is included below. Employment History: Client Service Manager, Ehrlich Financial Group Registered Representative, D'Amore Ehrlich and Associates 05/2023 to Present 01/2009 to 05/2023 Item 3 – Disciplinary Information There are no legal, civil or disciplinary events to disclose regarding Ms. Leso. Ms. Leso has never been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration claims or administrative proceedings against Ms. Leso. Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes; fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery, counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no legal, civil or disciplinary events to disclose regarding Ms. Leso. However, we do encourage you to independently view the background of Ms. Leso on the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 5637729. Item 4 – Other Business Activities Ms. Leso is dedicated to the investment advisory activities of Ehrlich Financial’s Clients. Ms. Leso does not have any other business activities Item 5 – Additional Compensation Ms. Leso is dedicated to the investment advisory activities of Ehrlich Financial’s Clients. Ms. Leso does not receive any additional forms of compensation. Item 6 – Supervision Ms. Leso serves as a Client Service Manager of Ehrlich Financial Group and is supervised by Lora Rommel, the Chief Compliance Officer. Ms. Rommel can be reached at 949-342-8852. Ehrlich Financial Group has implemented a Code of Ethics, an internal compliance document that guides each Supervised Person in meeting their fiduciary obligations to Clients of Ehrlich Financial Group. Further, Ehrlich Financial Group is subject to regulatory oversight by various agencies. These agencies require registration by Ehrlich Financial Group and its Supervised Persons. As a registered entity, Ehrlich Financial Group is subject to examinations by regulators, which may be announced or unannounced. Ehrlich Financial Group is required to periodically update the information provided to these agencies and to provide various reports regarding the business activities and assets of the Advisor. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 30 https://ehrlichfg.com  Privacy Policy Effective: June 23, 2025 Our Commitment to You Ehrlich Financial Group (“Ehrlich Financial Group” or the “Advisor”) is committed to safeguarding the use of personal information of our Clients (also referred to as “you” and “your”) that we obtain as your Investment Advisor, as described here in our Privacy Policy (“Policy”). Our relationship with you is our most important asset. We understand that you have entrusted us with your private information, and we do everything that we can to maintain that trust. Ehrlich Financial Group (also referred to as "we", "our" and "us”) protects the security and confidentiality of the personal information we have and implements controls to ensure that such information is used for proper business purposes in connection with the management or servicing of our relationship with you. Ehrlich Financial Group does not sell your non-public personal information to anyone. Nor do we provide such information to others except for discrete and reasonable business purposes in connection with the servicing and management of our relationship with you, as discussed below. Details of our approach to privacy and how your personal non-public information is collected and used are set forth in this Policy. Why you need to know? Registered Investment Advisors (“RIAs”) must share some of your personal information in the course of servicing your account. Federal and State laws give you the right to limit some of this sharing and require RIAs to disclose how we collect, share, and protect your personal information. What information do we collect from you? Driver’s license number Date of birth Social security or taxpayer identification number Assets and liabilities Name, address and phone number[s] Income and expenses E-mail address[es] Investment activity Account information (including other institutions) Investment experience and goals What Information do we collect from other sources? Custody, brokerage and advisory agreements Account applications and forms Other advisory agreements and legal documents Investment questionnaires and suitability documents Transactional information with us or others Other information needed to service account How do we protect your information? To safeguard your personal information from unauthorized access and use we maintain physical, procedural and electronic security measures. These include such safeguards as secure passwords, encrypted file storage and a secure office environment. Our technology vendors provide security and access control over personal information and have policies over the transmission of data. Our associates are trained on their responsibilities to protect Client’s personal information. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 31 https://ehrlichfg.com  We require third parties that assist in providing our services to you to protect the personal information they receive from us. How do we share your information? An RIA shares Client personal information to effectively implement its services. In the section below, we list some reasons we may share your personal information. Basis For Sharing Do we share? Can you limit? Yes No Servicing our Clients We may share non-public personal information with non-affiliated third parties (such as administrators, brokers, custodians, regulators, credit agencies, other financial institutions) as necessary for us to provide agreed upon services to you, consistent with applicable law, including but not limited to: processing transactions; general account maintenance; responding to regulators or legal investigations; and credit reporting. No Not Shared Marketing Purposes Ehrlich Financial Group does not disclose, and does not intend to disclose, personal information with non-affiliated third parties to offer you services. Certain laws may give us the right to share your personal information with financial institutions where you are a customer and where Ehrlich Financial Group or the client has a formal agreement with the financial institution. We will only share information for purposes of servicing your accounts, not for marketing purposes. Yes Yes Authorized Users Your non-public personal information may be disclosed to you and persons that we believe to be your authorized agent[s] or representative[s]. No Not Shared Information About Former Clients Ehrlich Financial Group does not disclose and does not intend to disclose, non-public personal information to non-affiliated third parties with respect to persons who are no longer our Clients. State-specific Regulations California In response to a California law, to be conservative, we assume accounts with California addresses do not want us to disclose personal information about you to non-affiliated third parties, except as permitted by California law. We also limit the sharing of personal information about you with our affiliates to ensure compliance with California privacy laws. Changes to our Privacy Policy We will send you a copy of this Policy annually for as long as you maintain an ongoing relationship with us. Periodically we may revise this Policy and will provide you with a revised Policy if the changes materially alter the previous Privacy Policy. We will not, however, revise our Privacy Policy to permit the sharing of non-public personal information other than as described in this notice unless we first notify you and provide you with an opportunity to prevent the information sharing. Any Questions? You may ask questions or voice any concerns, as well as obtain a copy of our current Privacy Policy by contacting us at 949-342-8852. Ehrlich Financial Group 28202 Cabot Road, Suite 425, Laguna Niguel, CA 92677 Phone: 949-342-8852* Fax: 949-462-9752 Page 32 https://ehrlichfg.com