Firm Overview Forum Financial Management, LP (“Forum”) is a registered investment adviser (“RIA”) with the Securities and Exchange Commission (“SEC”), with its principal place of business located in Lombard, Illinois. Forum was founded in May 2002. Forum provides fee-based wealth management and financial planning services for individual and institutional clients. In addition, Forum provides services to other independent advisory firms across the country as a sub-advisor. Further, Wealth Advisor Alliance (“WAA”) is a division of Forum that markets Forum’s investment management and back office services to other independent financial advisors and independent investment advisory firms. Services Offered We tailor our advisory services to the individual needs of our clients. We offer a variety of services, which are described in detail below. Before receiving any advisory services, you will need to sign a written agreement that details the exact terms of service. Portfolio Management Services Our Portfolio Management Services provide continuous and ongoing management of your investment portfolio, based on your individual needs and investment objectives. Your investment portfolio includes your brokerage accounts held by a qualified custodian for which you have appointed us as your investment adviser of record. We provide our advisory services consistent with your investment objectives and with our fiduciary duty to you. Forum manages client accounts using various model asset allocation portfolios. Each model portfolio is designed to meet a particular investment goal. Through personal discussions and completion of applicable suitability documentation, each client’s financial situation, investment goals, objectives, and risk tolerance are established. Based on this information, Forum will determine which model portfolio is suitable to the client’s circumstances. The client’s objectives and Forum’s recommended portfolio for each client is then documented in an Investment Portfolio Statement (“IPS”). We assign your investment strategy based on the information you provide to us. Inaccurate or incomplete information could result in an inappropriate investment portfolio. Past performance is no indication of future performance, and we cannot offer any guarantees or promises that your goals and objectives will be met. Changes to your personal financial circumstances, goals, or objectives could cause your investment strategy to become inaccurate and out of date. We rely on you to notify us promptly of any changes to your investment objectives or financial situation, so your investment portfolio can be updated, if necessary. We will provide our Portfolio Management Services on a discretionary basis. This means we are not required to give you advance notice or seek your consent for any changes to your portfolio. Although you retain ownership and control over your investment account, we ask that you refrain from conducting transactions in the account without first notifying us. Please coordinate with us on any anticipated deposits or withdrawals so we can ensure your investment strategy is maintained. Forum will, from time to time, enter into additional written agreements with third-party RIAs (“Outside Managers”) for portfolio management services, to manage all or a part of your portfolio, as it deems appropriate and in the best interests of clients. We will monitor the services provided by the Outside Manager to ensure that maintaining the investment account with the Outside Manager remains appropriate. The Outside Manager will manage your account on a discretionary basis. We encourage you to review the Disclosure Brochure of the Outside Manager for more details regarding the Outside Manager’s services and fees. Our review process and analysis of Outside Managers is discussed further in Item 8 – Methods of Analysis, Investment Strategies, and Risk of Loss below. Qualified Plan Services with Managed Portfolios Forum also offers Qualified Plan Services, which consist of several related advisory services that can be provided separately or in combination depending on the client’s needs. While the primary clients for these services will be sponsors of pension, profit sharing, and 401(k) plans, Forum can also provide these services, where appropriate, to individuals, trusts, estates, and charitable organizations. Forum’s Qualified Plan Services are comprised of four distinct services.  Selection of Investment Vehicles – Forum will work closely with the client, the plan administrator, and/ or other third-parties, to determine if Forum’s investment approach is consistent with the client’s IPS. Forum primarily uses DFA institutional mutual funds and exchange-traded funds (“ETFs”) as the investment vehicles using model portfolios that are managed by Forum.  Monitoring of Investment Performance – Plan investment options will be monitored according to the procedures and timing intervals determined by the client and the IPS. Forum will not be involved in executing transactions within the relevant plan in providing these monitoring services.  Employee Communications – For pension, profit sharing, and 401(k) plan clients where there are individual accounts with participants exercising control over assets in their own account (‘‘self-directed plans’’), Forum can provide educational support and investment workshops designed for the qualified plan participants. The nature of the topics to be covered will be determined by Forum and the client under the guidelines established in Section 404(c) of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. The educational support and investment workshops will not provide plan participants with individualized, tailored investment advice or asset allocation recommendations outside the scope of the retirement plan.  Managed Portfolios – As part of its Qualified Plan Service, limited to participant-directed plans, Forum also offers the sponsors of tax-qualified retirement plans managed model portfolios that the sponsor can then offer to its plan participants. Qualified plan sponsors engaging Forum to provide this service will have daily access to the performance of their plan participant accounts via a website serviced by the plan’s recordkeeper. All Qualified Plan Services will be provided in compliance with the applicable state and federal regulations, including ERISA, as amended. With respect to assets that are part of an ERISA plan, when we accept appointments to provide our services to such accounts, we acknowledge our fiduciary role within the meaning of Section 3(21) of ERISA, but only with respect to the provision of services described in the advisory agreement. We do not assume the duties or accept appointment as a trustee or plan administrator as defined in ERISA Section 3(16). Generally, our Qualified Plan Services consist of assisting the plan sponsor in establishing, monitoring, and reviewing their company’s participant-direct retirement plan. Services provided to participants are generally considered informational and educational only. Services to participants could include information about the plan, general financial and investment information, and/or generalized asset allocation models, but will not address the appropriateness for any individual investment option or model for any particular participant. We cannot provide individualized investment advice to participants unless they separately engage our Portfolio Management Services or Financial Planning Services. Financial Planning Services Forum also provides Financial Planning Services on a more limited basis through consultations with the client. This can include advice on an isolated area(s) of concern or specific topics. Forum provides specific consultation and administrative services regarding investment and financial concerns of the client. Additionally, Forum can provide advice on non-securities matters. Our Financial Planning Services involve an evaluation of your current financial circumstances and future projections by using currently known variables to predict future cash flows, asset values, and withdrawal plans. We will guide you through a process to establish your investment goals and objectives. You will be required to provide information necessary to help us analyze your current financial situation, desired goals, and anticipated future needs. If you engage our Portfolio Management Services, you will receive our Financial Planning Services on an ongoing basis for no additional fee. On a limited basis, Financial Planning Services may be provided on a standalone basis for a negotiated fee. We use the information provided by you in the financial planning process to formulate our investment recommendations for your investment portfolio. As your financial circumstances change, we ask that you please notify us promptly, so that we can work with you to update your financial plan as needed and adjust your investment portfolio as necessary. We base our financial plans on the information you provide to us. Inaccurate or incomplete information could result in an inaccurate or incomplete financial plan. To create a financial plan, we must make certain assumptions with respect to interest and inflation rates, past trends, and future projections of the performance of the market and economy. Past performance is no indication of future performance, and we cannot offer any guarantees or promises that your goals and objectives will be met. Changes to your personal financial circumstances, goals, or objectives could cause your financial plan to become inaccurate and out of date. We recommend you notify us promptly of any changes so your plan can be updated. Financial Planning Services are provided on a non-discretionary basis. This means you have the option to implement any of the recommendations made in the financial plan. You are not obligated to implement any financial planning recommendations made by us. Although the financial plan could consider your tax situation or estate plan, we do not provide tax or legal advice. We recommend you work closely with your attorney, accountant, or other investment professionals in implementing your plan. We are happy to work with your professionals to coordinate your financial plan with your estate planning and tax planning. When we provide Financial Planning Services, we must notify you when a material conflict exists between the interests of our firm and your interests. You are under no obligation to act upon our financial planning recommendations. If you elect to act on any of the recommendations, you are under no obligation to effect the transaction through our firm. Educational Workshops and Seminars From time to time, Forum offers or participates in educational workshops or seminars on estate planning, retirement planning, financial planning, charitable giving, personal finance, as well as other investment-related topics. Events could be in-person or virtual presentations featuring one or more of our qualified professionals as a speaker, providing content of an educational and informational nature. The investment information provided under this service does not purport to meet the objectives or needs of any individual client or portfolio. Following the presentation, attendees could be encouraged to meet with a Forum advisor to discuss the current investment and insurance holdings of the participant, but advisors will not provide individualized advice and attendees will not be required to retain Forum’s services. Analysis of the attendee’s

needs and goals could indicate the desirability of utilizing one or more of Forum’s programs described in the previous sections. Sub-Advisory Services Forum acts as a turn-key asset management platform (“TAMP”), or sub-advisor, to third-party RIAs and their clients. In this capacity, Forum generally acts as a sub-advisor to an RIA and offers its model portfolios directly or indirectly to the RIA’s clients. In addition, Forum commonly provides back office administration services to the RIAs, which include research, trading for the RIA’s clients, and rebalancing of the RIA’s clients’ portfolios. Forum rebalances the client portfolios according to the RIA’s specified models or assets allocations or by Forum’s own models if selected by the RIA. In addition, Forum also assists with training, technology implementation, and the preparation of quarterly reports for the clients of the RIAs. Finally, Forum facilitates the invoicing of the RIA’s clients for fees and manages the payments by the RIA’s clients to the RIA. Forum is not responsible for analysis of the RIA’s clients’ financial situation, suitability requirements, asset allocations, or restrictions. Moreover, if a RIA’s clients retain Forum as a sub-advisor, the RIA will be responsible for providing Forum’s ADV Part 2A to the RIA’s end-user clients. Due to the fact that Forum’s direct clients could be trading the same securities as the securities traded for Forum’s indirect RIA clients, a conflict of interest can arise in trade allocation if there is a limited quantity of the investment or in the timing of the trading. Another conflict exists if Forum’s direct clients could be trading opposite of the securities traded for Forum’s indirect RIA clients if they are following the RIA’s portfolio selection or management rather than Forum’s. In general, because the RIAs have selected Forum to manage the portfolios, the conflicts are minimized. Types of Investments Depending on the investment objectives of the client and the terms of the engagement, Forum will create a model portfolio as described below under Item 8 – Methods of Analysis, Investment Strategies, and Risk of Loss. The types of securities employed to fund the various asset classes of the portfolio generally include institutional style- specific asset class mutual funds, exchange-traded funds (“ETFs”), U.S. government securities, and municipal bonds. Institutional style-specific asset class mutual funds and ETFs are widely, but not exclusively, used to effectively mirror the asset classes in the model portfolio and minimize client costs. Forum has a strategic relationship with Dimensional Fund Advisors, LP (“DFA”), an SEC-registered investment adviser and asset manager. DFA mutual funds are available for investment only by clients of RIAs who work with DFA. This means that if you terminate your advisory relationship with Forum, it is possible that you will not be able to make additional investments in this family of mutual funds unless you work with another authorized DFA advisor. DFA also provides other benefits to Forum, such as sponsoring educational events or hosting occasional business entertainment for advisors and staff. Forum will primarily use DFA institutional mutual funds and ETFs to implement a client’s portfolio. DFA’s approach is based on the efficient market hypothesis. Unlike index funds, DFA’s funds generally do not track a specific index and thus avoid the costs of having to buy and sell securities at specific points in time. They are designed to capture specific risk and return characteristics with reliability and transparency. DFA provides financial advisors with a series of stock and bond funds that serve as building blocks, allowing advisors to construct a diversified portfolio that balances risk and reward. Their advantages include low internal cost, tax efficiency, and style consistency. Forum will primarily use DFA funds with the following exceptions:  When Forum believes individual U.S. treasuries or municipal bonds are a better alternative;  When there is a benefit to directly holding high yield bonds; or  For certain asset classes where Forum has determined that Vanguard offers a better solution. Furthermore, Forum will employ an individual bond strategy or individual brokerage certificates of deposits (“CDs”) for a portion of clients’ portfolios if Forum deems it appropriate and in the best interests of clients. Socially Responsible Investing Socially Responsible Investing (“SRI”) involves the incorporation of Environmental, Social, and Governance (“ESG”) considerations into the investment due diligence process. There are potential limitations associated with allocating a portion of an investment portfolio in ESG securities (i.e., securities that have a mandate to avoid, when possible, investments in such products as alcohol, tobacco, firearms, oil drilling, gambling, etc.). The number of these securities are generally more limited compared to those that do not maintain such a mandate. ESG securities could underperform broad market indices. Investors must accept these limitations, including the potential for underperformance. Correspondingly, the number of ESG mutual funds and ETFs are few when compared to those that do not maintain such a mandate. As with any type of investment, including any investment and/or investment strategies recommended and/or undertaken by Forum, there can be no assurance that investment in ESG securities or funds will be profitable or prove successful. Alternative Investments Alternative investments include, but are not limited to, strategies such as hedge funds, private equity, direct real estate investments, derivatives, cryptocurrencies (e.g., Bitcoin, Ethereum, etc.), or other assets outside of SEC- regulated securities exchanges or over-the-counter markets. Forum considers alternative investments to be speculative with high risk of loss. Forum does not manage these types of assets. As such, Forum generally does not recommend investing in these types of assets within our managed portfolios. For Clients who have indicated a preference to invest in alternative investments, Forum strongly recommends limiting the investment in alternative investments to a percentage of one’s portfolio, such that a total loss of value on such alternative investments would not derail their financial plan. If a client wishes to pursue alternative investments, Forum advisors can provide information on the benefits and risks of an alternative investment or the specific investments desired by the client. As of the date of this Brochure, Forum advisors are prohibited from receiving any new direct or indirect compensation related to their advice on alternative investments. Forum advisors who have joined Forum from a previous investment advisory firm with clients holding legacy positions in alternative investments could collect previously agreed upon fees for legacy alternative investments within a client’s account. In addition, while Forum advisors are not prohibited from holding alternative investments in their own personal accounts outside of Forum’s management, they are prohibited from receiving economic benefit for the recommendation of any specific alternative investment. Forum advisors will disclose if they hold the alternative investment desired by the client, but this disclosure is not a recommendation or endorsement of that specific alternative investment. Client Tailored Services We tailor our advisory services to your individual needs. We will conduct an initial interview and data gathering process to determine your financial situation and investment objectives. We provide our advisory services consistent with your investment objectives and our fiduciary duty to you. Forum manages client accounts using various model asset allocation portfolios. Each model portfolio is designed to meet a particular investment goal. Through personal discussions and completion of applicable suitability documentation, each client’s financial situation, investment goals, objectives, and risk tolerance are established. Based on this information, Forum will determine which model portfolio is suitable to the client’s circumstances. The client’s objectives and Forum’s recommended portfolio for each client is then documented in an Investment Portfolio Statement (“IPS”). Once the appropriate portfolio has been determined, the account is generally managed based on the portfolio’s goal, rather than on each client’s individual needs. Account supervision is guided by the stated objectives of the client (e.g., Aggressive Growth, Growth, Growth and Income, Income and Growth, or Income). See our Methods of Analysis in Item 8 – Methods of Analysis, Investment Strategies, and Risk of Loss below for more details on our model portfolios. Forum will, if appropriate, suggest modifications to the model or an allocation among two or more of the models to more adequately address the client’s individual needs. Forum will manage advisory accounts on a discretionary or non-discretionary basis. Clients that retain Forum to manage their accounts on a non-discretionary basis should note that Forum will trade all discretionary accounts at the same time it notifies non-discretionary clients of recommended trades. In other words, a non-discretionary client will not have an opportunity to place their trades before the discretionary account orders are entered. Thus, to the extent that Forum’s recommendations include securities that trade intra-day, the non-discretionary trades will, of necessity, occur after those that are handled on a discretionary basis. With respect to sub-advisory services, Forum provides outsourcing services to independent investment advisory firms and services the clients of the firm based on the objectives and instructions provided by the firm to Forum. You can request reasonable restrictions on investing in certain securities, types of securities, or industry sectors. We will make a reasonable attempt to honor any restrictions you request, but in the case of pooled investment vehicles, such as mutual funds or ETFs, where underlying holdings change frequently, we cannot guarantee restrictions will always be enforced. In addition, such restrictions could cause us to deviate from the investment decisions we would otherwise make in managing your account. In some cases, we will not be able to accommodate restrictions if they do not allow us to manage your portfolio in a prudent manner. You can also request to impose reasonable restrictions upon certain securities or types of securities in your account. Because our advisory services are based on your specific financial circumstances, you are urged to promptly notify us any time you experience changes to your financial circumstances, so we can determine if any changes to your investment strategy or our recommendations are necessary. Wrap Fee Programs Forum does not participate in a wrap fee program or serve as a manager to a wrap fee program. Assets Under Management As of the end of our last fiscal year, December 31, 2023, Forum manages approximately $8,531,276,820 in client assets, with approximately $8,447,116,072 in client assets managed on a discretionary basis and approximately $84,160,747 in client assets managed on a non-discretionary basis. Forum manages $1,397,755,416 of the $8,531,276,820 in client assets as a sub-advisor to other investment advisory firms. This section will be updated on at least an annual basis to reflect our assets under management as of December 31 each year, or more frequently if material changes occur with regard to the assets we manage.