Asset Management Resources, LLC (AMR) is a registered investment adviser. Our principal place of business is located in Hyannis, Massachusetts. We began conducting business as a registered investment adviser in 2008. AMR is wholly owned by the J. Christopher Boyd Revocable Trust. J. Christopher Boyd, Manager and Chief Executive Officer of AMR is the co-trustee of the trust along with Kristen C. Boyd, AMR’s Director of Client Service and Office Management and an Investment Advisor Representative. We offer the following services to our advisory clients: Portfolio Management (Discretionary), Investment Advisory Services (Non-Discretionary), Financial Planning, and Financial Consulting. Please see the disclosure below in this Item for more detailed information regarding these services. Portfolio Management Our firm offers portfolio management services to its advisory clients. We will provide continuous advice to a client regarding the investment of client funds based on the client’s individual needs. Through personal discussions with our clients, we develop a client’s personal investment strategy and create and manage a portfolio based on that strategy. During this data-gathering process, we determine the client’s objectives, time horizon, risk tolerance, and liquidity needs. We may also review and discuss a client’s prior investment history, as well as family composition and background. We currently offer our portfolio management services on a discretionary and non-discretionary basis. Account supervision is guided by the client’s stated objectives (e.g., growth, income or a balance between growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service offered by a broker dealer or insurance company. Our client portfolios primarily consist of mutual funds (no- load or load-waived), exchange-traded funds (“ETFs”) and individual securities. If a client portfolio is managed within a variable insurance product (e.g., a variable annuity or a variable life insurance policy), the account will consist of, as applicable, variable annuity sub-accounts or variable life sub-accounts. “Sub-accounts,” like mutual funds and ETFs, are investment companies registered under the Investment Company Act of 1940.1 Financial Planning AMR also provides financial planning services. Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future 1 For more information about investment companies, please see the following at SEC’s website: http://www.sec.gov/answers/mfinvco.htm . cash flows, asset values and withdrawal plans. Through the financial planning process, questions, information and analysis are considered as they impact and are impacted by the financial and life situation of the client. Clients receiving this service receive a report that summarizes the client’s current financial condition and strategies developed with the objective of maximizing wealth accumulation and benefits. In general, the financial plan will address any or all of the following areas:
• PERSONAL. We review family records, budgeting, personal liability, estate information and financial goals.
• TAX & CASH FLOW. We analyze the client’s income tax, spending and planning for past, current and future years, and illustrate the impact of various investments on the client's current income tax and future tax liability.
• INVESTMENTS. We analyze investment alternatives and their effect on the client's portfolio.
• INSURANCE. We review existing policies to ensure proper coverage for life, disability, and long-term care.
• RETIREMENT. We analyze current strategies and investment plans to help the client achieve his, her or their retirement goals.
• DEATH & DISABILITY. We review the client’s cash needs at death, including the income needs of surviving dependents, estate liquidity needs, and sufficiency of disability income.
• ESTATE. We assist the client in assessing and developing long-term estate planning strategies, including the appropriateness of living trusts, wills, powers of attorney, beneficiary designations, gifts, and asset protection plans. We

gather relevant information through in-depth personal interviews and materials provided by the client. Information gathered typically includes a client’s current financial status, tax status, future goals, return objectives and attitudes towards risk. We carefully review documents supplied by the client and prepare a plan. Should the client choose to implement the recommendations discussed, we suggest the client work closely with his/her attorney, accountant, and other advisers. Implementation of financial plan recommendations is entirely at the client’s discretion. Typically, the financial plan is presented to the client within six months of the initial meeting, provided that all information needed to prepare the financial plan has been promptly provided. Financial Planning recommendations are not limited to any specific product or service offered by a broker dealer or insurance company. Financial Consulting Clients can also receive investment and other financial advice on a more focused basis. This may include advice on only an isolated area(s) of concern such as estate planning, retirement planning, or any other specific topic. We also provide specific consultation and administrative services regarding investment and financial concerns of the client, such as the review of a client’s existing investment portfolio or the review of client assets managed by other investment professionals. Consulting recommendations are not limited to any specific product or service offered by a broker dealer or insurance company. Tailored Relationships AMR tailors investment advisory services to the individual needs of the client. AMR clients are allowed to impose restrictions on the investments in their account. All limitations and restrictions placed on accounts must be presented to AMR in writing. Clients will retain individual ownership of all securities. Fiduciary Statement We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment advice to you regarding your retirement plan account or individual retirement account, we are also fiduciaries 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. We have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. We must take into consideration each client’s objectives and act in the best interests of the client. We are prohibited from engaging in any activity that is in conflict with the interests of the client. We have the following responsibilities when working with a client:
• To render impartial advice;
• To make appropriate recommendations based on the client’s needs, financial circumstances, and investment objectives;
• To exercise a high degree of care and diligence to ensure that information is presented in an accurate manner and not in a way to mislead;
• To have a reasonable basis, information, and understanding of the facts in order to provide appropriate recommendations and representations;
• Disclose any material conflict of interest in writing; and
• Treat clients fairly and equitably. Regulations prohibit us from:
• Employing any device, scheme, or artifice to defraud a client;
• Making any untrue statement of a material fact to a client or omitting to state a material fact when communicating with a client;
• Engaging in any act, practice, or course of business which operates or would operate as fraud or deceit upon a client; or
• Engaging in any manipulative act or practice with a client. We will act with competence, dignity, integrity, and in an ethical manner, when working with clients. We will use reasonable care and exercise independent professional judgement when conducting investment analysis, making investment recommendations, trading, promoting our services, and engaging in other professional activities. Wrap Fee Programs A “wrap-fee” program is one that provides the client with advisory and brokerage execution services for an all-inclusive fee. The client is not charged separate fees for the respective components of the total service. We do not sponsor, manage or participate in a Wrap Fee Program. Client Assets As of December 31, 2022, we were actively managing a total of $220,698,617; $209,424,908 of client assets on a discretionary basis and $11,273,709 on a non-discretionary basis.