About the Firm Mariner Institutional, LLC (formerly AndCo Consulting, LLC) is an investment adviser registered with the SEC since 2001. We are wholly owned by Mariner, LLC (“Mariner Wealth”). Mariner Wealth is wholly owned by Mariner Wealth Advisors, LLC (“Mariner”). MWA Midco, LLC (“Midco”) is the manager of Mariner. MWA Holdco, LLC (“Holdco”) is the manager of Midco. Holdco is owned by 1248 Holdings, LLC (“1248”), the Martin C. Bicknell Revocable Trust dated August 7, 1996, as amended and restated, and GEI VIII MW Aggregator LLC (“MW Aggregator”). Mariner Institutional’s primary office is located in Winter Park, Florida. Mariner’s headquarters are in Overland Park, Kansas. Who We Are Mariner Institutional is an institutional investment and retirement plan consulting firm. We are structured as a Limited Liability Company, offering a broad range of independent investment and fiduciary consulting services to all types of institutional clients. Our History Mariner Institutional (at the time, operating under the name Bogdahn Group) was organized in September 2000 as a Florida Limited Liability Company offering investment consulting services to primarily institutional clients under the leadership of Joseph R. Bogdahn. In 2015, Mike Welker purchased the majority ownership from Joseph Bogdahn in order to transition equity back into the company and migrate from a family-owned and family managed firm to an employee managed and operated firm. Following that, the Bogdahn Group was rebranded as AndCo Consulting, LLC in 2017. On April 2, 2024, AndCo Consulting joined Mariner as their new institutional platform, rebranded as Mariner Institutional. WHAT WE DO Institutional Investment and Fiduciary Consulting Services: Mariner Institutional is an institutional consulting firm that provides investment and retirement plan advisory services, acting in a fiduciary capacity for our clients. We offer a range of investment consulting services for all types of institutional plans (i.e., those sponsored by public and government entities, public and private educational institutions, unions (Taft-Hartley), endowments, foundations, corporations, hospitals, healthcare systems and self-insurance funds). Mariner Institutional also services a limited number of retail accounts (e.g., high-net worth individuals), primarily from legacy relationships or acquisitions. We help clients construct and manage portfolio performance and risk factors that aim to efficiently and effectively achieve their objectives. Our typical services include:
• Investment Policy Development and Review
• Strategic Asset Allocation and Portfolio Structure
• Investment Manager/Strategy Identification, Evaluation, and Recommendation
• Customized Monthly, Quarterly, and Special Request Investment Reports
• Quarterly Economic Summary
• Board/Investment Committee Education
• Ongoing Investment Manager Due Diligence
• Professional Service Provider Evaluation – Custody, Transition, etc.
• Special Project Coordination and Execution We strive to deliver our services in a customized and user‐friendly format based on each client’s unique needs. Using a combination of data, general education, frequent presentations and various communication tools, we attempt to provide our clients with the resources and actionable recommendations that will allow them to make informed decisions. Simplified Approach: We believe in simplifying investment and fiduciary decisions. We have found that the most effective way to accomplish this objective is to build client “partnerships” based on understanding and trust. By taking time to meet and understand our clients on a personal level, we are able to provide them with meaningful and actionable investment guidance that aims to produce sustainable, solid results that are specific to each plan. While our recommendations are based on a wealth of experience and in‐depth analysis, we strive to present client information in a format that is understandable and intuitive. As a result, we do not structure our presentations or communications to impress the client with our technical knowledge, but rather to allow clients to easily recall the reasoning behind each of the recommendations we make for their portfolio. Definitive Recommendations

& Guidance: One of the greatest criticisms of the consulting industry as a whole is that firms are “long on theory and short on execution.” We continuously work to provide our clients with what we believe to be definitive recommendations and efficient implementation of portfolio structures and strategies. Although most portfolio decisions are ultimately implemented at the direction of the client, our process is focused on identifying and quantifying investment themes that allow for the realistic assessment of risk and the establishment of return expectations. The presentation and communication of this information is structured toward allowing clients to make informed investment and fiduciary decisions they can trust. Straight Forward Solutions: In today’s investment and regulatory environment, client needs, portfolio and plan design strategies are increasingly complex. Despite these challenges, we continuously work to tailor our information and recommendations using a “straight forward” approach that aims to result in actionable, cost‐ efficient client solutions. We encourage any prospect to communicate with our clients and other industry professionals to evaluate their opinion of our services and professionalism. We believe you may quickly discern that there is a significant difference between consulting firms and that Mariner Institutional has a unique and enviable position in the industry. Client Service Approach: Each client will be assigned a primary consultant who is accountable and responsible for coordinating the relationship and understanding that client’s specific needs. However, to maximize the effectiveness of our recommendations, Mariner Institutional utilizes a team‐based approach to client service, providing dedicated resources designed to further meet and help exceed our client needs. This client service approach is based on the belief that the formulation of an investment plan or participant outcome strategy, coupled with prudent implementation and performance evaluation, is essential to the oversight of investment assets. Our primary objective is to serve as the client’s advocate and guide in implementing effective strategies to reach their unique goals. At Mariner Institutional, we focus on creating partnerships, not customers. Our investment and fiduciary consulting services are specifically tailored to meet each client’s distinctive needs. From return requirements, risk tolerance, cash flow, and liquidity needs, to plan design and participant outcomes, we work with each client to implement dynamic strategies based on their goals through time. Additionally, we will work with our clients to help customize investment guidelines within their Investment Policy Statement, including imposing certain restrictions or limitations relative to investing in certain securities or types of securities. Through careful research and collaboration, our focused consultants and dedicated service teams provide the key ingredients necessary for fostering and maintaining strong client‐centered relationships across all plan types. In short, we work to meet all the needs and demands of our clients by establishing a framework that simplifies their investment and fiduciary decisions. Asset Value: As of December 31, 2023, our approximate assets consisted of the following: Amount of Approximate Assets Discretionary* $976,600,000 Assets Under Advisement** $98,829,400,000 Total $99,806,000,000 * This is equivalent to the regulatory assets under management disclosed in Item 5.F of Adviser’s Form ADV Part 1A. Please note that Mariner Institutional has no non-discretionary regulatory assets under management. All its non-discretionary assets are assets under advisement as further explained below. **Assets under advisement represent our Pension Consulting assets, for which we have neither discretionary authority nor responsibility for arranging or effecting the purchase or sale of recommendations provided to and accepted by the ultimate client. We simply provide recommendations. Inclusion of these assets will make our total assets number different from regulatory assets under management disclosed in Item 5.F of Adviser’s Form ADV Part 1A due to specific calculation instructions for Regulatory Assets Under Management.