MRA ADVISORY GROUP MRA Advisory Group (“MRA”) was organized in 2017 as a Delaware limited liability company, to provide wealth management and financial planning services to clients. MRA and its affiliates specialize in Comprehensive Financial Planning, fee-based Wealth Management, Risk-based investing, Tax Planning, Tax Preparation, Retirement Planning, Retirement Income Strategies, Estate Planning Preparation, Business Services, Real Estate Brokerage Services, as well as Insurance Planning and Implementation: life, health, disability, long-term care and property and casualty insurance. These services provided are based on the unique needs of each client. As of December 31, 2023, MRA had the following Regulatory Assets Under Management:
• $246,036,289 in Discretionary Regulatory Assets Under Management;
• $ 0 in Non-Discretionary Regulatory Assets Under Management; and
• $246,036,289 in Total Regulatory Assets Under Management. MRA offers the following service options to clients: 1. Financial Planning + MRA Wealth Management 1. Financial Planning: subscription service at a minimum fee of $92/month. Subscription includes:
• Dedicated Financial Advisor
• Goal planning and tracking, including personal strategies to help clients achieve their financial goals
• Budgeting support
• Asset allocation / portfolio construction advice for all of your investments
• Investment policy statement and full access to MRA Investment Committee’s portfolio holdings
• Insurance planning: life, disability, long-term care, auto, home and/or business
• Estate planning guidance
• Tax strategy and planning
• Number of meetings/check-ins per year: typically from TWO to FOUR (based on your situation). 2. MRA Wealth Management: Advisory fee range from 0.40% to 2.00% As described in Item 8, and in the MRA Wrap Fee Brochure, MRA offers a discretionary asset management program, the MRA Wealth Management Program that combines management and transaction expenses into a single fee. The MRA Wealth Management Program includes personalized professional investment management tailored to each of its clients’ needs. With a $5,000 minimum to open an account, clients are able to choose to invest using WealthBuilder Investing, which offers a set of risk-based investment portfolios designed to align with our clients’ risk tolerance and long-term investment objectives. For clients with investable assets of $500,000 or higher, MRA will offer additional portfolio customization that includes individual stocks, bonds, alternatives and/or private equity. MRA does not charge trading commissions for investment accounts. The firm charges an annual investment advisory fee ranging from 0.40% to 2.00% based on service model selection, portfolio complexity and assets under management. 2.1 RetirementBuilder:
• Personalized investment advisory service for certain held away accounts such as 401ks, 403bs, IRAs and annuities.
• Clients give MRA discretionary investment management authority over these accounts and MRA utilizes the services of Pontera - a Held Away Order Management System service - to manage and trade these investments on the clients’ behalf.
• MRA will make asset allocation and investment decisions subject to the options established by the client’s plan provider.
• The fee for RetirementBuilder ranges from 0.40% to 2.00% based on assets under management. Fee Payment Options are available. See Section 5 below. For All Clients Clients in the MRA Wealth Management Program may authorize MRA to automatically rebalance their investments on a quarterly basis or as needed it. For these clients, MRA will make appropriate adjustments by buying and selling portfolio securities if the client’s asset allocation deviates by 10% or more from the desired model. MRA will also periodically revise the model portfolios and make corresponding adjustments to client portfolios. 3.MRA Insurance Solutions (clients pay agency commissions for insurance solutions) MRA works with its clients to help protect them in the areas of insurance using a comprehensive due diligence process to address one of the foundations of a solid financial plan. The process includes:
• Determining a client’s insurance needs based upon the client’s personal financial situation.
• Evaluating multiple insurance types and providers.
• Facilitating underwriting process, which determines clients’ insurance eligibility.
• Helping clients choose a plan based upon their needs. 4. Tax Preparation Services: (from $49/month) Tax preparation and planning services offered by a Certified Public Accountant employed by our affiliate, MRA Tax Services LLC. 5.Financial Marketplace by MRA Advisory: a) The Financial Marketplace by MRA Advisor is a free subscription-based website that provides financial wellness content for consumers. The content and administration of this services is provided by The Enrich Platform which is a Software-as-a-Service (SaaS) Platform. The content provided by Financial Marketplace by MRA Advisory, includes: o Financial Videos o Financial Infographics o Financial Articles o Financial Calculators o Sample Financial Courses: ▪ Creating a Financial Plan for your Priorities and Goals ▪ Spending Smart & Creating a Budgeting ▪ Banking and Managing Accounts ▪ Using Credit Cards Responsibly ▪ Understanding Your Credit Report ▪ Protecting Yourself from Identity Theft and Scams ▪ Decoding Your Paycheck ▪ Investing to Build Wealth ▪ Planning for Retirement ▪ Buying a Home and Understanding Mortgages ▪ Buying or Leasing a Car ▪ Understanding Health Insurance ▪ Assessing Your Insurance Needs ▪ Borrowing Smart and Preparing for Higher Education ▪ Staying on Track with Student Loans While in School ▪ Repaying Your Student Loans Privacy notice about Financial Marketplace by MRA Advisory. Subscribes of Financial Marketplace by MRA Advisory agrees to be contact by products and services offered by MRA and its affiliates. MRA will never sell data gathered from this service to unaffiliated third-parties. To participate in Financial Marketplace by MRA Advisory, users must adhere to the privacy policies outlined by the Enrich platform (available at https://edemo3.enrich.org/Privacy) 6. Sub-advisory Service MRA Advisory may also act as a subadviser to advisers unaffiliated with MRA Advisory. These third-party advisers would outsource portfolio management services to MRA Advisory.

This relationship will be memorialized in each contract between MRA Advisory and the third-party advisor. 7. MRA High Yield Savings MRA will be offering federally insured cash accounts to clients. Specifically, the firm will offer access to a liquid insured deposit account. Accounts will be federally Insured up to $25 million per Tax ID. MRA High Yield Savings is offered through StoneCastle Capital Management, LLC (StoneCastle)’s FICA® for IMPACT program. MRA receives a referral fee from StoneCastle. IMPACT (“FICA®“) satisfies the Federal Deposit Insurance Corporation’s (FDIC) requirements for agency pass-through deposit insurance coverage. Program banks in the FICA® network are FDIC-insured “banks” and “savings associations” as those terms are defined in the Federal Deposit Insurance Act. The FDIC Limit is $250,000 per depositor per bank. StoneCastle Network, LLC, (“StoneCastle”) is the program Administrator. StoneCastle is not a bank, nor does it offer bank deposits and its services are not guaranteed or insured by the FDIC, NCUA or any other governmental agency. StoneCastle is an investment adviser registered with the United States Securities and Exchange Commission (SEC). For more information regarding the firm, please see its Form ADV Part 1 and 2A on file with the SEC. Registration with the SEC does not imply a particular level of skill or training. FICA® is not a member of the FDIC, but the depository banks where your money is placed are FDIC members. FDIC is an independent agency of the U.S. government that protects the funds depositors place in FDIC insured institutions. FDIC deposits insurance is backed by the full faith and credit of the U.S. government. Balances held in your Custody Account may not receive FDIC insurance. If you have any cash at any depository institution that is in the FICA® network then you may not receive full FDIC insurance coverage on your deposits at those institutions. Funds may be submitted for placement only after a depositor enters into a FICA® IMPACT agreement. The agreement contains important information and conditions regarding the placement of funds. Liquidity is on a next business day basis. Same day purchase credit and next day liquidity redemptions are subject to a 3:00 PM ET cut-off. Please read the FICA® Program Terms and Conditions for more complete information and the governing terms of the account (including liquidity, terms, etc.). This can be found at www.ficaaccount.com. Current yield and maximum deposit insurance coverage is indicative for FICA® and may change without notice. FICA® yield will vary due to the size of the account balance and introducing party. Past performance does not guarantee future results. FICA® is a registered trademark of StoneCastle. 8.Estate Planning – Document(s) Preparation Services Estate Planning is an essential component to clients’ overall financial plan. It allows clients to gain more control over aspects of their life both during your lifetime and after your death. MRA has a partnership with ESTATE GURU, LLC (“EG”), a third-party estate planning preparation service, to help clients prepare estate planning documents. There are five major decisions that go into each estate plan. Those decisions are described below, along with examples and a description of people in your life that may be up to the task. 1) Beneficiaries – This is WHO will get your assets when you pass away. Generally, if clients have children, we see to it that things go to their children in equal shares. However, there are also opportunities to leave things to charity (via a specific dollar amount after a death), or to other loved ones. 2) Method of Distribution – This is HOW clients’ beneficiaries will get everything when they pass away. Depending on the age and financial capabilities of your beneficiaries, clients may wish to delay distributions to a beneficiary. For example, for young beneficiaries, we often see clients give it in stages (1/3 at 25, 1/3 at 30, and 1/3 at 35). Please keep in mind that those young beneficiaries will have immediate access to funds for health care, education, and support. If clients have a beneficiary with special health needs, they can leave assets for them through a special needs trust. 3) Successor Trustee/Executor/Financial Power of Attorney – This is the person (or people) who will make financial decisions for clients in the event they cannot. The type of person who makes a good trustee is someone who is financially responsible, would handle finances similar to clients, and is generally a good decision maker. If clients don’t have a family member or friend who fits the bill, they can consider a professional trustee. Generally, there are 2-3 successors named (in order of preference). 4) Health Care Power of Attorney – This is the person (or people) who will make health care decisions for clients in the event you cannot. The type of person clients name here would need to be able to make decisions during a difficult, emotional time. Clients will have the ability to state their end of life and organ donation wishes in this document as well. Generally, there are 2-3 successors named (in order of preference). 5) Guardian (if necessary) – This is the person (or people) who will have legal custody of any minor children should clients pass away. The guardian will work with the trustee to access funds for any minor children. We often see clients’ parents, siblings, or dear friends named here. We also see other children clients have that are over the age of 18 named here. Generally, there are 2-3 successors named (in order of preference). 9. Acknowledgement of Fiduciary Status When we provide investment advice to clients regarding their retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with clients’ interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.