Item 5: Additional Compensation ....................................................................................................... 17 Item 6: Supervision ............................................................................................................................. 17 Part 2B of Form ADV: Brochure Supplement ........................................................................................ 18 Chris Malburg, Vice President ............................................................................................................ 18 Item 2: Educational Background and Business Experience ................................................................ 18 Item 3: Disciplinary Information ........................................................................................................ 18 Item 5: Additional Compensation ....................................................................................................... 18 Item 6: Supervision ............................................................................................................................. 18 Envision Capital Management, Inc. is an SEC-registered investment adviser with its principal place of business located in California. Envision Capital Management, Inc. began conducting business in 1995. Marilyn Cohen is the sole owner of the company’s shares as well as its Chief Executive Officer and Chief Compliance Officer. Services offered Envision Capital Management, Inc. offers investment advisory services to our clients for their individual investment portfolios. That is the only service the firm offers. Our firm provides continuous advice to clients regarding the investment of their funds based on individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established,

we develop a client's individual investment policy. We create and manage client investment portfolios based on that policy. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. We manage these advisory accounts on a discretionary basis. Account supervision is guided by the client's stated objectives (i.e. capital appreciation, growth, income, or growth and income), as well as tax considerations. Our investment recommendations are not limited to any specific product or service offered by a broker- dealer or insurance company and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• State debt securities
• Municipal debt securities
• Mutual fund shares
• United States governmental securities
• REITs Tailoring to our client needs Because some types of these investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity, and suitability. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Wrap fees The company does not participate in any wrap fee programs with other advisors, broker/dealers, or any other firm. Assets under management As of December 31, 2022, Envision Capital Management actively managed $353,723,217 in client assets on a discretionary basis.