History of the Firm In 1945, Louis A. Montag started Atlanta’s first independent investment advisory firm. We adopted the current name of Montag & Caldwell (“M&C”) in 1956. On July 29, 1994, M&C completed a merger with Alleghany Corporation of New York, a New York Stock Exchange-listed company, and became a member of the Alleghany family of companies including Alleghany Asset Management. Effective February 1, 2001, Alleghany Asset Management was acquired by ABN AMRO Asset Management Holdings, Inc., a U.S. subsidiary of ABN AMRO Bank N.V. (headquartered in the Netherlands). After the completion of the transaction, M&C was owned directly by ABN AMRO Asset Management Holdings, Inc. and indirectly by ABN AMRO Bank N.V. A group of three European banks, which included Fortis Bank SA/NV (headquartered in Belgium), purchased ABN AMRO Bank N.V. on October 17, 2007. M&C became directly owned by Fortis Bank SA/NV in April 2008. Effective October 2008, Fortis Bank SA/NV became 100% owned by the Belgian Government. As a result, M&C became indirectly owned by the Belgian Government. Effective May 14, 2009, 74.93% of Fortis Bank SA/NV was acquired by the French bank BNP Paribas. M&C remained directly owned by Fortis Bank SA/NV, but also indirectly owned by BNP Paribas. Twenty-five percent ownership of Fortis Bank SA/NV was retained by the Belgian Government, and a small legacy minority interest was undisturbed. On August 3, 2010, the employees of M&C announced their intention to buy the Firm from BNP Paribas Fortis. The employee-led buyout successfully closed on September 24, 2010, and the legal name of our Firm, formerly Montag & Caldwell, Inc., became Montag & Caldwell, LLC. M&C is presently fully-owned by a combination of current and former employees, and ownership interest is very broad-based. While no one individual holds a majority stake, Ronald E. Canakaris is a principal owner as he owns 25% or more of the voting units of the Firm. All members of the Investment Team are owners of the Firm. Investment Advisory Services M&C’s principal service is investment counseling. We manage Client portfolios and advise on investments in equity and fixed income securities. For some portfolios (including asset allocation), we also advise on the use of exchange-traded funds (ETFs) and mutual funds. We provide specific investment advice solely based on our investment process and investment objectives and guidelines provided by our Clients. M&C’s investment approach generally involves selecting securities according to the investment disciplines of each respective investment strategy, and including those in strategy-specific Model Portfolios. Please see Item 8 of this brochure for further information on our investment strategies. It is possible that different strategy Model Portfolios could hold the same security Also, there could be differing recommendations for those securities in the Model Portfolios. Client portfolios typically mirror the applicable Model Portfolio, limited only by a Client’s particular restrictions or circumstances. We typically select stocks for the Model Portfolios from the publicly traded largest capitalized U.S. companies as well as the largest capitalized foreign companies (often in the form of American Depository Receipts or “ADRs”). All securities we select for our Model Portfolios are listed on U.S. or foreign stock exchanges. While we generally do not make investment decisions based on tax considerations, we are sensitive to the tax implications associated with individual, trust and corporate Client accounts. For all Clients, although the investment decisions are of most importance, we will make an effort, when possible, to be flexible in the execution of trades for taxable accounts and may retain low basis names that are not in our model portfolios. All investment counsel Clients retain M&C by entering into a written agreement for either discretionary or non-discretionary services. (M&C has discretionary authority if it is authorized to decide which securities to purchase and sell for a client.) This contract may be terminated by either party with written notice according to the terms of the agreement. Wrap-Fee Programs In some instances, we provide investment advice under a wrap-fee program (the accounts of which at times may be referred to as a Separately Managed Account or SMA) where a broker-dealer or other financial institution sponsor 1) recommends us to a Client, 2) pays our management fees for the Client, 3) executes the Client’s trades without commission charges, 4) monitors our performance, and 5) may also act as custodian, or provide some combination of these or other services - - all for a single fee. The wrap-fee sponsor, rather than M&C, provides reports to wrap-fee Clients.

The investment strategy for wrap-fee accounts is the same as that for separately managed accounts. In considering such a program, a Client should understand that in a wrap-fee program we do not have the ability to negotiate brokerage transaction commissions with the sponsor. We effect trades “net”, and a portion of the wrap-fee is usually considered to cover the commission cost. Unless we can step-out trades for wrap-fee program Clients without impact to the efficiency or effectiveness of trading, we will trade only with the designated broker since the Client is required to pay all costs associated with trades executed through broker-dealers other than the designated broker. We expect the designated broker to make diligent efforts to obtain best execution. Please see Item 12 of this brochure for further information on our brokerage practices. A Client considering entering such a program should consider portfolio activity, custodial or any other services provided, the value the Client places on performance monitoring by the wrap-fee program sponsor and whether the wrap-fee could exceed the cost of these services if provided separately and M&C were free to choose broker-dealers to execute the Client’s trades. Specific information on the wrap-fee programs is available in each wrap-fee program sponsor’s brochure. With regard to the record keeping requirement of the Investment Advisers Act of 1940 (“Advisers Act”), in most cases the wrap-fee program sponsor will be the primary record keeper of our wrap- fee Client records. We have been assured by our wrap-fee program sponsors that all such records will be made available upon request. Through an agreement we have with Tegra118/APL (a wrap- fee program accounting software company), we now have electronic access to and do maintain some wrap-fee program Client records. Some wrap fee sponsors do not use Tegra118/APL, and provide the performance data for their wrap-fee Clients through other applications. M&C is able to extract data from Tegra118/APL and the other aforementioned applications for use in other performance databases employed by the Firm to produce reports. Unified Managed Accounts We also provide investment advice as part of a Unified Managed Account (“UMA”) program arrangement. In such an arrangement, multiple advisers provide portfolio models to an overlay manager, appointed by the bank, broker-dealer or other financial intermediary sponsor of the UMA program. In some cases, the sponsor and overlay manager may be the same entity. The overlay manager executes investment decisions across the sponsor’s customer portfolios based upon the investment advisers’ models. This type of program seeks diversification through asset allocation, typically for customer portfolios with lower minimum asset levels. In UMA program arrangements, we provide an updated portfolio model to the overlay manager of each UMA program on an agreed upon, periodic basis which may vary from UMA program to UMA program depending upon the terms of our agreement with the particular UMA program sponsor. M&C rotates the release of the updated model portfolio either before or after orders are placed for M&C’s discretionary Clients and also rotates the order of submission within the UMA group. We typically do not have investment discretion in any UMA program, and it is the sole responsibility of each UMA program’s overlay manager to make investment decisions for their respective UMA program customer accounts. The overlay manager of each UMA program may elect not to follow our provided Model Portfolio(s) in whole or in part. As a result, the investment performance of a particular UMA program customer account may differ from the investment performance of other portfolios of M&C Clients. In most instances we will not maintain UMA program customer records, nor will we have access to the identity of a UMA program’s customers. Customers participating in a UMA program are not Clients of M&C. Additionally, UMA program customer accounts may be positively or negatively impacted if companies of the securities included in the Model Portfolio(s) we provide to the overlay manager release important or material information before the UMA program overlay manager has finished trading those securities for their customers’ accounts. For a more detailed description of a particular UMA program, please refer to the Form ADV provided by the UMA program sponsor. Client Assets Under Management As of December 31, 2023, Client assets managed on a discretionary basis amounted to $683,499,907. Combined assets in the UMA programs to which we provide our Model Portfolio(s), as of December 31, 2023 amounted to $68,738,525. As these assets are not Client assets, they have not been disclosed in Form ADV Part 1A.