Firm Description Planned Asset Management, LLC (“PAM” or the “Firm”) is an SEC registered investment advisor. PAM was started in 1984 by Morrie W. Reiff and 50% owner with Joni L. Reiff. The Firm’s Chief Compliance Officer is Paul S. Okawa. Types of Advisory Services Planned Asset Management primarily manages client assets for a fee. Fees and compensation will be described in the next section. PAM also provides financial, estate, and other planning services for an hourly fee. Management Services Portfolios will generally consist of mutual funds but can also include other securities and/or a recommendation to use a third-party manager. Planned Asset Management does not typically make recommendations for individual stocks. The client retains all rights of ownership (e.g., right to withdraw securities or cash, and exercise or delegate proxy voting). In addition, the client has the ability to impose restrictions on investing in certain securities or types of securities. Planned Asset Management will work with clients on a case-by-case basis related to any restrictions a client may have with regard to certain securities or security types. Assets are generally managed on a discretionary basis with Planned Asset Management having the authority to make changes without notification to or authorization from the client. Planned Asset Management will generally communicate all changes to clients in writing and client will also receive confirmation of any transactions from the custodian of assets. As of 12/31/2023 Planned Asset Management had approximately $320,337,000 of assets under management. Approximately $320,337,000 of this amount represents discretionary assets. Assets managed by a third-party or affiliated party as a co-advisor or subadvisor will be subject to the procedures, fees, and charges of the third-party based on a separate agreement, in addition to any agreement with Planned Asset Management. Therefore, clients will pay more in fees when a subadvisor is used. However, total net cost may be less with the use of a subadvisor when considering the underlying investments and the related costs/expenses. The third-party will generally manage assets on a discretionary basis, subject to the limitations and guidelines of their separate agreement. Clients should refer to the ADV disclosures of any third-party or affiliated party. If QSI, an affiliated party, is used, QSI will bill accounts for all fees and will send the advisor’s portion to the advisor or broker, per separate instructions. Client will rely on Planned Asset Management to monitor third-party and suggest changes as needed. Some third- party relationships will require client authorization to make changes, while some will allow Planned Asset Management the discretion to change strategy or hire/fire managers. To begin management, the client will be required to sign an Investment Management Agreement setting forth the terms and conditions of management, including the calculation of the management fee. The client will also

be required to open an account with a qualified custodian by completing the required account application with the custodian. Planned Asset Management may also recommend a third-party manager, with client consent, which would require additional agreements with said third-party. All customers will complete an investor profile statement, or equivalent, with their investment advisor representative. Planned Asset Management and its Investment Advisor Representatives (IAR’s) are investment fiduciaries. For investment advice related to an IRA or qualified plan under ERISA, IAR’s are also acting as ERISA Fiduciaries. As a fiduciary, IAR’s are required to act in the client’s best interest, avoid misleading statements, receive only reasonable compensation, diversify plan investments, follow plan documents, and act prudently. Planned Asset Management has an affiliated party, Quantitative Strategies, Inc. (QSI). Use of QSI represents a conflict of interest, as there may be an incentive to use QSI over other investment strategies since Planned Asset Management and Mr. Reiff has the potential to receive distributions from QSI. Please see ADDITIONAL DISCLOSURES under Item 5, below. Since QSI is a wholly owned subsidiary and based on the familiarity of the QSI to PAM, and common ownership and control, QSI has not undergone the due diligence process as described in this brochure and the PAM policies and procedures manual. Financial Planning Services Planned Asset Management may also prepare financial plans or offer other planning services for an hourly fee. Planned Asset Management may provide (but not required) a comprehensive evaluation of all available information that could have a bearing on a client's financial future. To minimize the distortions caused by inflation, present and future value concepts may be employed. General areas covered include investment planning, risk management, income tax planning, retirement planning, and estate planning. Planned Asset Management meets with the client and provides guidance through the process of financial and economic goals. Once the full details of the client's financial condition and economic goals are ascertained a plan may be developed to achieve those goals. Estate Administrative/Distribution Services Planned Asset Management may assist with paperwork and administration for the management and/or distribution of an estate. This would include providing for cash/liquidity needs, establishing accounts for beneficiaries, and processing the transfer of assets to beneficiaries based on instructions from Trustee, Executor, or written instructions from the decedent. Hourly fees would be specified on the Letter of Understanding and Investment Management Agreement. Wrap Fee Program versus Portfolio Management Program PAM does not offer a Wrap Fee Program. Assets Under Management As of December 31, 2023, Adviser has the following assets under management: Discretionary assets: $320,337,000 Non-discretionary assets: $0