A. About The Appleton Group, LLC The Appleton Group, LLC (ADVISER) is an independent Registered Investment Advisor (RIA), offering objective and unbiased wealth management services to all investment management clients. We are compensated solely for the advisory services we provide to our clients, and are in no way compensated by commissions of any kind. As a small privately held firm, we are solely focused on providing investment advisory and management services to the investment community by building and managing a consistent and comprehensive suite of risk-managed, risk-accepting and hybrid strategies. We became registered as an investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940 (“the 1940 Act”) in December 2003. We are notice filed in the state of Wisconsin. B. Advisory Services ADVISER provides professional, full-time investment advisory and fiduciary services for a wide variety of clients, including private clients, employer sponsored plans and non-profit endowments. Our firm focuses on the task of producing meaningful investment returns over time while simultaneously managing the risk of significant declines along the way. Separately Managed Accounts ADVISER’s primary investment offerings are in the form of Separately Managed Accounts. These offerings are simply private accounts owned by an investor in which all securities are owned directly by the investor and managed by ADVISER. Each separately managed account follows a specific investment strategy, and the performance of the separate account is reported to the investor on a regular basis. Each separately managed account is held at an independent custodian (such as Charles Schwab and MidAtlantic), which provides periodic custodial statements directly to our clients in addition to our firm’s quarterly performance report. Both the holdings and performance of each of our client accounts may be audited on a periodic basis by an independent, certified public accounting firm (at no cost to the client).
Employer Sponsored Qualified Retirement Plan Program The Appleton Group Employer Sponsored Qualified Retirement Plan Program has been one of our firm’s investment programs. It offers the following professional investment advisory services to plan sponsors, plan participants: Investment Services. Investment advisory consulting services to aid in establishing and documenting processes for establishing a plan’s asset allocation and

evaluating, selecting, monitoring and replacing investment options and providers.
Employee Education Services. Online and print resources, group meetings and one-on-one consulting services to encourage enrollment and help participants choose appropriate deferral rates and investment elections.
Fiduciary Services. Assist Plan Sponsor in fulfilling a plan’s compliance with ERISA fiduciary requirements including ERISA 404(c) compliance reviews and ERISA 3(38) fiduciary services.
General Advisory Service Disclosures ADVISER’s Advisory Service Agreement remains in force as long as mutually agreed to by Client and The Appleton Group, LLC. The Agreement may be terminated at any time, by any of the parties to this Agreement, for any reason, upon 30 days written notice to the other parties. Upon termination, ADVISER’ agrees to refund to Client that portion of Client’s prepaid fee for which no services have been provided.
The Appleton Group is a Wisconsin Limited Liability Company with owners that may also be clients and/or employees of our firm, and as such may benefit from the revenues and profits made through the normal business of our firm. A conflict of interest may exist in that our firm may have an incentive to favor those clients who are owners over those that are not. Appleton Group LLC agrees to treat all clients equally regarding all wealth management services we offer, and to refrain from demonstrating any favorable treatment to any client, whether minority owners of our firm or not.
3 4 Managed Assets Annual Advisory Fee $0 - $4,999,9991.00% $5,000,000 - $19,999,9990.70% $20,000,000 +0.50% Strategies Investment Management Fee Risk-Managed Portfolios0.40% Hybrid Portfolios0.40% Focus Portfolios0.40% Risk Accepting Portfolios0.00% Maximum Investment Management Fees within Separate Managed Accounts Separately Managed Accounts Investment Advisory Fees - Private Client Service Managed Assets Annual Advisory Fee $0 - $999,9990.50% $1,000,000 - $1,999,9990.40% $2,000,000 +0.30% Appleton Group Charitable Investment Advisory Fees Employer Sponsored Qualified Retirement Plan Program Investment Advisory Fees An annualized fee of up to 1.00% on Plan assets that are not segregated into self-directed brokerage accounts.
ADVISER has over $194,061,100 of assets under discretionary management in its investment management services as of December 31, 2022. ADVISER does not manage assets on a non-discretionary basis.