ADV Part 2A Disclosure Brochure Asset Management 5 NorthCrest, from time to time, may recommend to WEAS investments in unaffiliated investment companies, such as mutual funds or exchange-traded funds, which charge fees and expenses (as described in each investment company’s prospectus). WEAS may execute on these recommendations for their clients. Therefore, WEAS’ client incurs several management fees in connection with assets invested in such products: the internal fee paid to the WEAS adviser and the adviser of the investment company. NorthCrest does not charge a fee to WEAS for our services. In the event NorthCrest engages in separately managed advisory services with unaffiliated investment advisers, NorthCrest may investment or recommend investments of the sub-account client assets in unaffiliated investment companies, such as mutual funds or exchange-traded funds, which charge fees and expenses. Therefore, in these situations, the sub-account client incurs fees of the investment adviser, the investment company and NorthCrest. In addition to NorthCrest advisory fees, unless other arrangements are made, investment adviser clients through separately managed advisory services relationship with NorthCrest, are responsible for all other fees and costs associated with executing securities transactions and maintaining custody of their assets. Such fees and costs include, but are not limited to, transaction or ticket charges, custodial fees, and other related expenses charged by custodians and imposed by broker-dealers. Please refer to the “Brokerage practices” section (Item 12) of this Form ADV for additional information regarding WEAS and NorthCrest. In the event an unaffiliated investment adviser engages in a separately managed advisory relationship with NorthCrest, NorthCrest does not charge or accept fees based on capital gains or capital appreciation of assets held in sub-account client accounts (also referred to as performance-based fees). If NorthCrest did accept these types of fees, the conflicts of interest that arise in connection with such arrangements would be explained. NorthCrest provides services only to Wealth Enhancement Advisory Services LLC (WEAS) for the benefit of WEAS’

clients. NorthCrest does not provide services to unaffiliated investment advisers. NorthCrest manages several investment strategies across equities and fixed income. While each of these strategies are unique in their mandate, the common investment philosophy across all NorthCrest strategies is to build broadly diversified, low turnover, risk-managed portfolios that will generate consistent excess returns over time. We believe our strategies implement active, bottom-up investment processes that are efficient, systematic, and scalable. Quantitative Screening Models Some of NorthCrest’s strategies implement quantitative screening models to varying degrees that support our security selection and underlying securities analysis. The screening criteria and inputs vary and are tailored to support specific investment strategies. Fundamental Analysis NorthCrest also employs fundamental analysis in its security selection process. Some NorthCrest strategies use fundamental analysis in conjunction with quantitative screening models, while other strategies are entirely driven by bottom-up fundamental analysis. For all equity strategies, NorthCrest seeks to build a mosaic of information, evaluating such attributes as company products and markets, business drivers and risk factors, industry trends, and the macroeconomic environment. The underlying fundamental analysis of holdings in NorthCrest’s fixed income strategies is predicated on NorthCrest’s view of credit profile and the attractiveness of the relative spreads in the context of the fundamental outlook of each individual issue in conjunction with the broader macroeconomic outlook and its implications for the interest rate environment. Fundamental analysis does not attempt to anticipate market movements. This presents a potential risk, as the price of a security can move up or down along with the overall market regardless of the economic and financial factors considered in evaluating the security. Process Using quantitative screening and fundamental analysis allows NorthCrest to build diversified portfolios of the holdings we believe represent the most attractive opportunities. While the number of holdings in each of NorthCrest’s strategies