About Rappaport Reiches Capital Management Our firm, Rappaport Reiches Capital Management, LLC, is an independent investment adviser offering financial planning and investment management solutions to individuals, families and non-profit organizations. Each client’s portfolio is tailored to his or her individual situation. Additionally, through our “Family CFO Checklist”, we advise and consult on a wide range of financial issues beyond investment planning and management. We diversify clients across a broad range of U.S. and international markets. We construct portfolios in accordance with academic research, utilizing passive and index-related institutional funds. We believe that the benefits of our approach are superior long- term performance, broad diversification, consistency, low cost, and tax efficiency. History David Rappaport and Shari Greco Reiches founded our firm in 2005. Its principal place of business is 5202 Old Orchard Road, Suite 160, Skokie, Illinois. Our People Shari Greco Reiches - Co-Founder, Principal and Chief Visionary Officer Shari has been in the financial services industry for over 35 years, starting at her family's community banks in Highwood and Mundelein, Illinois. Prior to co-founding our firm, Shari managed Private Banking for FirstStar Bank (now U.S. Bank) in Chicago and worked as a financial advisor for Sanford C. Bernstein & Co. Shari received her BS in accounting from the University of Illinois, Urbana- Champaign. David Rappaport - Co-Founder, Principal and Chief Investment Officer David has extensive experience in investment management, working previously at Goldman Sachs and Sanford C. Bernstein & Co. David received his BS in accounting from the University of Illinois, Urbana- Champaign, and his MBA from the Kellogg School of Management at Northwestern University. David is also a CFP® professional. Stephen Reiches – Principal, Chief Compliance Officer, and Director of Wealth Transfer Steve joined our firm after 20 years as an estate-planning attorney at Neal, Gerber & Eisenberg and brings expertise to the financial planning process. Steve graduated Phi Beta Kappa from Northwestern University and received his law degree from The University of Chicago. Karen Asbra – Principal and Chief Operating Officer Karen has been with our firm since 2007. Karen has her BA from Northwestern University and is a CFP® professional. Liz Xilas – Senior Vice-President and Senior Financial Advisor Liz joined our firm as an Advisor in 2011 after having been in the financial services industry for over 20 years. She was most recently at RBC Wealth Management for 7 years and prior to that she was at Oppenheimer & Co. for 13 years. Liz’s practice, while diverse, has a focus on women going through transition, as well as small business owners. Liz has a BA from the University of Michigan Honors Program in Political Science and Economics. Kristyn Gibson – Senior Vice President and Senior Financial Advisor Kristyn joined our firm as an Associate in 2016 and is currently a Senior Vice President and Senior Financial Advisor. Prior to joining the firm, Kristyn was a 2nd Vice President at Sanford C. Bernstein & Company. Kristyn has a BA from Indiana University in Political Science and Economics. Kristyn is also a CFP® professional. Terri Velgara– Financial Advisor and Director of Financial Planning Terri joined our firm as a Wealth Planner in 2018. Prior to joining the firm, Terri was an Account Manager at Geneva Advisors and CIBC Private Wealth Management. Terri has a BA in Economics from the University of Illinois, Urbana-Champaign, and an MBA from DePaul University. Terri is also a CFP® professional. Rhea Ravindran– Financial Advisor Rhea joined our firm in 2017. Rhea has a BS in Finance from the University of Illinois, Urbana- Champaign. Rhea is also a CFP® professional. The Investment Strategy Committee Senior members of our Management Team also serve as members of our Investment Strategy Committee. The Committee reviews proposed recommendations and reviews all accounts on a quarterly basis. The current members of the Committee are David Rappaport (chair), Shari Greco Reiches, Stephen Reiches and Karen Asbra. Our Services We offer our clients both financial planning and discretionary investment management services. Financial Planning. Financial planning involves the evaluation of a client’s present and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. In essence, we become the “Family CFO”. If requested by a client, we work in connection with any or all of the following areas:
• PERSONAL: We review family records, budgeting, personal liability, estate information and financial goals.
• TAX & CASH FLOW: We analyze income tax, spending and planning for past, current and future years; then illustrate the impact of various investments on current income tax and future tax liabilities.
• INVESTMENTS: We analyze investment alternatives and their effects

on a client’s managed portfolio.
• INSURANCE: We review existing policies to ensure proper coverage for life, health, disability, long- term care, liability, home and automobile.
• RETIREMENT: We analyze current strategies and investment plans to help achieve retirement goals.
• DEATH & DISABILITY: We review cash needs at death, income needs of surviving dependents, estate planning and disability income. Investment Advisory Services. Our firm provides advice regarding the investment of funds based on the individual needs of our clients. Through discussions in which goals and objectives are established, we create and manage a portfolio. During our data-gathering process, we determine objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss prior investment history, as well as family composition and background. We manage these advisory accounts on a discretionary basis, by purchasing mutual funds and exchange traded funds (“ETFs”). We do not recommend individual stocks. Account management is guided by client objectives as well as tax considerations. Insurance/Retirement Plans. We may also render services to clients relative to variable life/annuity products they own, their individual employer-sponsored retirement plans, and/or 529 plans or other products not held by the client’s primary custodian. In so doing, we either direct or recommend the allocation of client assets among the various investment options that are available within the product. Client assets are maintained at the specific insurance company or custodian designated by the product. General Disclosures Client Obligations. We rely on the information that we receive from clients and their attorneys and accountants. Clients are responsible for notifying us if there is ever any change in their financial situation or investment objectives so that we can review, and if necessary, revise our previous services. Restrictions on Transferability of Certain Mutual Funds. We use mutual funds sponsored by Dimensional Fund Advisors LP (“Dimensional”) in constructing client portfolios. Dimensional funds are generally unavailable to investors through either direct purchase, normal mutual fund retail channels or other financial intermediaries. Dimensional funds are generally available only to institutional investors and clients of select registered investment advisers. Due to Dimensional’s restricted distribution channel, clients who terminate their relationship and transfer their account to another investment adviser or custodian, are encouraged to first discuss any possible limitations regarding the holding of their Dimensional investments with the successor custodian or new investment adviser. Clients may find their ability to hold or purchase additional shares of Dimensional funds restricted or prohibited. If the successor custodian chosen by the client cannot hold Dimensional funds, the client must identify an alternate custodian to accept and hold the client’s Dimensional funds. If no arrangements are made, a client may be required to liquidate all Dimensional funds in the client’s account and have the account custodian send the sales proceeds to the designated receiving broker-dealer, custodian or client. The liquidation transactions will result in the client paying transaction costs and may result in tax consequences. Publicly Available Securities. Many of the securities or the strategies of the securities that we recommend are publicly available. A prospective client could purchase them without engaging us. However, the purchase of securities that we recommend without engaging us would result in the prospective client not receiving the benefit of our initial and ongoing services. Retirement and Individual Retirement Accounts. When we provide investment advice to clients regarding a retirement plan account or an individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with our clients’ interests, so we operate under a special rule that requires us to act in our clients’ best interests and not put our interests ahead of our clients. Under this special rule's provisions, we must: meet a professional standard of care when making investment recommendations (give prudent advice); never put our financial interests ahead of our clients when making recommendations (give loyal advice); avoid misleading statements about conflicts of interest, fees, and investments; follow policies and procedures designed to ensure that we give advice that is in our clients’ best interests; charge no more than is reasonable for our services; and give our clients basic information about conflicts of interest. Assets Under Management As of December 31, 2023, we had approximately 400 clients and managed approximately $930,000,000 of clients' assets on a discretionary basis. We do not manage accounts on a non-discretionary basis.