9AT: CALDER FINANCIAL GROUP

Adviser Profile

As of Date	03/11/2026
Registration	SEC, Approved, 05/21/2007
ADV Location	ADA, MI, United States
Contact Info	616 xxxxxxx
Websites

AUM^*	297,000,000 14%
of that, discretionary	297,000,000 14%
Number of Employees	7 17%
of those in investment advisory functions	4 -20%
Private Fund GAV^*	0
Avg Account Size	162,206 -21%
% High Net Worth	8.82% 2547%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers
- Publication of periodicals or newsletters

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser NBW CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM622.4m	#Funds-
Adviser BEACON CAPITAL MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM4.3b	#Funds-
Adviser INTEGRATED CAPITAL MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM232.4m	#Funds-
Adviser PORTFOLIO STRATEGIES INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM50.2m	#Funds-
Adviser CAPITAL ADVISERS, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM620.0m	#Funds-
Adviser SMI ADVISORY SERVICES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM949.0m	#Funds-
Adviser REFLECTION ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM228.9m	#Funds-
Adviser VICTORY WEALTH PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM102.5m	#Funds-
Adviser CAROSA, STANTON & DEPAOLO ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM50.7m	#Funds-
Adviser RICHARD BERNSTEIN ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.8b	#Funds-

Brochure Summary

Overview

Item 5 – Additional Compensation ................................................................................................................. 6 Item 6 – Supervision ............................................................................................................................................ 6 1 Revised December 31, 2023 Overview Calder Financial Group was founded in 1988 as an independent fee only investment advisory firm, and it takes the role of a 3(38) Fiduciary for clients. We work only for our clients and are not affiliated with any insurance companies, banks, or brokers. We seek to avoid all conflicts of interest and place the interests of our clients first at all times. The principal owners of our firm are Dirk Racette, Brian Riefepeters and Daren Shavell. Calder Financial Group has a company related through common ownership called Calder Consulting Group. Calder Consulting Group provides employee benefit consulting and third-party administrative services for retirement plans. Investment Advice

Calder Financial Group provides “investment supervisory services” to a broad range of investors, both institutional (retirement plans, foundations, endowments) and individuals, on a discretionary and non-discretionary basis. Our total assets under management as of December 31, 2023 are broken down as follows: Discretionary management $ 260,500,000 Non-discretionary management $ 0 Total assets under management $ 260,500,000 For our managed accounts we formulate and implement an investment program that is considered appropriate, and suitable to the nature of the account and Calder’s general understanding of the client’s general characteristics and risk tolerance. Calder enters into sub-advisory and third-party asset management agreements from time to time with other Registered Investment Advisors. Calder also provides comprehensive financial planning services to individuals and their families. We understand how interconnected financial decisions are with each other and how important it is to look at the big picture, which is why we offer a coordinated set of financial planning services designed to be as comprehensive as possible. Calder does not participate in any wrap fee programs.

CALDER FINANCIAL GROUP

CALDER FINANCIAL GROUP

CALDER CONSULTING GROUP

CALDER INVESTMENT ADVISORS

TUINSTRA TAX PLANNING

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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CALDER FINANCIAL GROUP CALDER FINANCIAL GROUP CALDER CONSULTING GROUP CALDER INVESTMENT ADVISORS TUINSTRA TAX PLANNING

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

CALDER FINANCIAL GROUP

CALDER FINANCIAL GROUP

CALDER CONSULTING GROUP

CALDER INVESTMENT ADVISORS

TUINSTRA TAX PLANNING