Ownership Crescent Advisor Group, Inc. ("CAG" or the "Firm") is registered with the SEC as an investment adviser, and notice filed in various state jurisdictions. The Firm is owned 100% by D2 Equity Holdings. CAG was formed as a Texas corporation in April 2001, and has engaged in the investment advisory business since April 2002. CAG also does business as Castle Financial, LLC, Lowell Wealth Management, Hast Financial Group, Integrity Capital Advisory, LLC, and Valad Plus Investment Advisors. Services Offered CAG offers the following advisory services:
• Financial planning services
• Portfolio management services for individuals and/or small businesses
• Portfolio management for businesses or institutional clients (other than investment companies)
• Pension consulting services
• Selection of other advisers (including private fund managers) Investment Products CAG may offer advice on the following as well as the foreign equivalents of the following investment products:
• Equity Securities (exchange-listed, over the counter, foreign issuers)
• Investment Company Securities (mutual fund shares)
• Currencies
• Derivatives
• Private placement partnerships
• Limited partnership interests.
• Fixed Income Securities (Municipal and Corporate Bonds, U.S. Treasury Securities) Overview of Services Offered Portfolio Management Services We provide advisory services by providing portfolio management services include the allocation of assets among investment managers in alternative investment strategies, cash, equity and fixed income securities, other security types, and private placement limited partnerships. Clients of CAG may impose investment restrictions that generally relate to asset mix, individual securities, or investment characteristics (e.g., debt rating, foreign investments, or social issues). Any investment restrictions placed on an account are agreed upon in advance with each client. CAG employs an extensive due diligence process in evaluating other investment managers. Such due diligence may include an analysis of their stated investment style, personal interviews 2 | P a g e with the managers, and onsite inspections of offices and facilities of the managers. CAG relies primarily upon technical and fundamental analysis when evaluating individual companies. The processes we utilize to develop the financial solutions for our clients include a mixture of the following: Financial Planning We offer planning for clients and the fee is included in our portfolio management fee. We do not charge an additional fee for those services. We offer cash & debt management, education planning, retirement planning, portfolio management, risk management, estate planning, and tax planning. In the absence of a portfolio management fee, we may charge an hourly rate for these services. Third Party Investment Adviser Services CAG may use the services of third-party investment advisors as sub-advisors. If we choose this option, we will select a third-party investment advisor whose style and talent best fit your individual needs and objectives. Your agreement with us gives us the authority to hire or fire these managers on your behalf. Once a third-party investment advisor is selected, we will continue to monitor their performance. If our services to you include the use of these third-party investment advisors, you will typically sign an agreement with them in addition to the advisory agreement you will sign with CAG. If you are interested in learning more about any of these third-party investment advisors and their services, a complete description of their programs, services, fees, payment structure and termination features are found in their service disclosure brochures,

investment advisory contracts, and account opening documents. Our advisory responsibility is to select and monitor any third-party investment advisor that provides services to us. Factors that we consider in their selection may include:
• Their size
• How long they have been in business
• The experience level and turnover of their portfolio managers
• A review of their historical performance and risk measurements
• A review of their disclosure documents In deciding to use a third-party investment adviser to manage your assets, we consider your risk tolerance, goals, objectives, time horizons, and general financial situation. We also consider your level of investment experience and the assets you have available for investment. If you were to go to these third-party investment advisors on your own, the fees they charge you may be more or less than going through us. However, when using their services directly, you will not receive our expertise in developing an investment strategy, selecting the third-party investment advisors to use, monitoring the performance of your account, and changing third-party investment advisors if needed. Assets Under Management As of September 30, 2023, CAG managed $168,690,597 in client assets on a discretionary basis and $71,995,540 on a non-discretionary basis. 3 | P a g e Wrap Programs CAG does not participate in any wrap fee programs. Retirement Accounts – DOL Disclosure We are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code (“Code”), as applicable, when we provide investment advice regarding portfolio assets held in an IRA, Roth IRA, Archer Medical Savings Account, a Plan covered by ERISA, or a plan described in Section 4975(e)(1)(A) of the Code (collectively referred to collectively sometimes herein as (“Retirement Accounts”). To ensure that CAG will adhere to fiduciary norms and basic standards of fair dealing with respect to Retirement Accounts, we are required to give advice that is in the "best interest" of the retirement client. The best interest standard has two chief components, prudence and loyalty. Under the prudence standard, the advice must meet a professional standard of care and under the loyalty standard, our advice must be based on the interests of our retirement clients, rather than the potential competing financial interest of CAG. To address the conflicts of interest with respect to our compensation, we are required to act in your best interest and not put our interest ahead of yours. To this end, 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; and
• Charge no more than is reasonable for our services; and give you basic information about conflicts of interest. Education All personnel of CAG are expected to have education and business backgrounds that enable them to perform their respective responsibilities effectively. In assigning responsibilities, we consider academic background (including studies in college and graduate schools, as well as degrees earned), industry training, licenses and certifications. Work experience in a related field, such as investments, commodities, insurance, banking or accounting, is also considered. No formal, specific standards have been set, but appropriate education and experience are required. See ADV Form Part 2B for additional information. 4 | P a g e