Fuse Partners, LLC (formerly VisionPoint Advisory Group, LLC), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), is a limited liability company organized in the State of Iowa. The firm was formed in August 2013 by James Mars, Fuse Partners current Chief Executive Officer and largest shareholder. Fuse Partners is currently owned by the Partners of the firm, each a minority shareholder who ownership ranges from 45% to less than 5%. Fuse Partners is headquartered in Dallas, Texas serving as its central supervisory and management location. In February of 2023 VisionPoint Group, LLC (“VisionPoint”) and Castleview Partners, LLC (“Castleview”) entered into an agreement to form Fuse Partners, LLC. Fuse Partners and Castleview are both investment advisors registered with the SEC. Fuse Partners operates as a service provider to Castleview. Fuse Partners leverages resources from Castleview to provide accounting, operations, trading, portfolio reconciliation, compliance, human resources, marketing, and governance services for the benefit of its clients. An expense sharing agreement between Fuse Partners and Castleview has been entered into to facilitate these services. This structure allows Fuse Partners to utilize the strengths and capabilities of each Registered Investment Adviser to better serve the clients of both firms. Fuse Partners offers a wide range of advisory services to individual investors, high net worth individuals, pension and profit-sharing plans, charitable organizations, trusts, small businesses, partnerships, corporations, and other similar entities. Fuse Partners provides comprehensive wealth management and financial planning services to its clients including personalized on-going money management services, financial planning, and consultative services. Fuse Partners tailors its advisory services to the individual needs of its clients by following a consistent process of goal setting, discovery, risk assessment, financial planning, portfolio development, asset management, and monitoring. Fuse Partners also provides discretionary fiduciary services to qualified retirement plans and pension plans as a codified Investment Manager, as defined by ERISA. Fuse Partner’s advisory services are described in detail within this Brochure. Clients, prospective clients, and retirement plan trustees are encouraged to have their questions answered regarding Fuse Partners and its services prior to entering into an agreement with Fuse Partners. Fuse Partners serves as a fiduciary to Clients. As a fiduciary, the Fuse Partners upholds a duty of loyalty, fairness and good faith towards each client and seeks to avoid or mitigate potential conflicts of interest. Fuse Partners fiduciary commitment is further described in a Code of Ethics adopted by the firm. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading. The services provided by Fuse Partners are broadly categorized as follows: Comprehensive Wealth Management & Private Wealth Services Discretionary Asset Management Fuse Partners provides continuous, ongoing, active, and individualized investment management, asset selection, asset allocation, rebalancing, and financial planning bundled as comprehensive wealth Page 5 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 management services. The bundled fee Fuse Partners collects for its services contemplates a broad range of wealth management services based on the standards of impartial conduct – that is, providing advice in each client’s best interest, charging reasonable fees based on the scope and complexity of the services provided, and making straightforward statements to each client about its recommendations. In this regard, Fuse Partners should be viewed as a “level-fee” fiduciary whose bundled fees are based on individualized ongoing comprehensive wealth management and financial planning services without the bias and conflicts of commissions or variable compensation based upon its recommendations. Over the course of the relationship, each client will have the opportunity to consult with Fuse Partners and discuss personal financial opportunities, short and long term financial goals, tolerance for various levels of risk, annual savings objectives, asset protection, college funding, retirement planning, projected investment returns and projected income streams, cash-flow projections, tax planning, current and future spending, retirement plan distribution options, pension, Social Security and Medicare election decisions, estate planning, and charitable giving, along with other possible financial considerations, as their personal situation dictates. Fuse Partners provides ongoing discretionary portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Fuse Partners seeks to design investment strategies utilizing the client’s current financial situation to construct a portfolio designed to match the client’s investment goals and financial plan. Fuse Partners regularly evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. Based on the information provided by the client, Fuse Partners manages the investments in each Account on the client’s behalf. Fuse Partners will supervise, monitor, provide ongoing active management, and direct the investments of the Account with respect to the purchase, sale or continued holding of securities, subject to any restrictions the client may impose. Fuse Partners has established an Investment Committee to oversee and assist in the development and monitoring of allocation models and client portfolios. The Fuse partners Investment Committee meets frequently and many of the tactical allocations in client accounts will come from the topics and strategies discussed at those meetings. As such, Fuse Partners clients benefit from a “team-approach” to asset allocation and account rebalancing. Under this program, the client grants limited discretionary authority over their Account to Fuse Partners. This means that when Fuse Partners feels it is appropriate, and without further consultation with the client, Fuse Partners may buy or sell securities in an attempt to achieve the objectives provided by the client. The discretionary nature of the Account does not create a custody relationship between Fuse Partners and any client. Each client retains every ownership right to the assets in their Accounts, including the right to withdraw assets for an Account upon appropriate notice to Fuse Partners. While Fuse Partners generally utilizes investment companies (mutual funds), exchange-traded funds (ETF’s), cash equivalents, stocks, and bonds in its client accounts, it does not limit the types of investments it might consider managing for a client. Fuse Partners believes that all asset classes – equities, fixed income, alternatives, and cash – are valuable tools in implementing its investment strategies. As such, Fees for services are based on each account’s total value including cash and cash equivalents. Clients who engage Fuse Partners for Discretionary Asset Management services will open a custodial Page 6 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 account(s) with a Qualified Custodian, as that term is used in The Investment Advisers Act of 1940 (the Act) and in Investment Adviser Act Release No. 2176. Accounts will only be opened at Qualified Custodians with the signed application of the client, thereby providing notice to each client as to their custodial relationship. Each Qualified Custodian will send each client a statement detailing the balances and activities in their Account over the previous quarter, including the advisory fees collected by Fuse Partners from the Account during the previous period. Clients will receive Account statements directly from the custodian according to the terms of their custodial contract. Clients are strongly urged to review their account statements and the transaction confirmations they receive directly from their custodian for any inaccuracies. Clients should IMMEDIATELY notify Fuse Partners and their custodian of any inaccuracies. Fuse Partners will contact each Client at least annually to review their Account(s) and to determine whether there should be any changes to the Client profile and how each Account is being managed. The Client may impose any reasonable restrictions on the management of their Account(s) or modify existing restrictions at any time and with reasonable notice. Fuse Partners offers a broad range of investment strategies and models to its clients: Fuse Partners Managed Investment Models Fuse Partners Investment Models are managed by Fuse Partners through its Investment Committee. Investment Models are constructed, adopted, monitored, and supervised by the Investment Committee utilizing third-party modeling, technology, and intellectual property contributions from selected professional resources we engage. An allocation between Investment Models is recommended to each client based on the unique investment goals, financial situation, and investment need of the client. Tactical changes to the composition and focus of each Investment Model are made at the direction of the Investment Committee without further consultation or approval of any client. Custom Managed Investment Models Custom Managed Investment Models are managed for each client’s unique circumstances, investment constraints, holdings, or similar factors make them inappropriate candidates for the Fuse Partners Managed Investment Models. Typically, these are larger portfolios that require the management of tax considerations through the use of protected positions and position proxies to closely replicate the strategies employed by the Investment Committee in its Fuse Partners Managed Investment Models. Fuse Partners Intelligent Portfolios Fuse Partners offers a technology-enabled investment program providing clients automated invest opportunities. This is a “robo-advisor” solution that builds, monitors, and automatically rebalances a diversified portfolio of mutual funds, ETF’s, and cash based on the client’s goals. Client accounts are held in a custodial account, opened by the client, at Charles Schwab & Co. This program uses the Institutional Intelligent Portfolios® platform offered by Schwab Performance Technologies (“SPT”), a software provider to independent investment advisers and an affiliate of CS&Co. Fuse Partners is independent of and not owned by, affiliated with, or sponsored or supervised by SPT, CS&Co., or their affiliates (together, “Schwab”). Fuse Partners, and not Schwab, are the client’s investment adviser and primary point of contact with respect to the program. We are solely responsible, and Schwab is not responsible, for determining the appropriateness of the program for the client, choosing a suitable Page 7 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 investment strategy and portfolio for the client’s investment needs and goals, and managing that portfolio on an ongoing basis. We have contracted with SPT to provide us with the platform, which consists of technology and related trading and account management services for the program. The platform enables us to make the program available to clients online and includes a system that automates certain key parts of our investment process. The system includes an online questionnaire that can help us determine the client’s investment objectives and risk tolerance and select an appropriate investment strategy and portfolio. Clients should note that, if we use the online questionnaire, we will recommend a portfolio via the system in response to the client’s answers to the online questionnaire. The client may then indicate an interest in a portfolio that is one level less or more conservative or aggressive than the recommended portfolio, but we then make the final decision and select a portfolio based on all the information we have about the client. The system also includes an automated investment engine through which we manage the client’s portfolio on an ongoing basis through automatic rebalancing and tax-loss harvesting (if the client is eligible and elects). The client may instruct us to exclude up to three Funds from their portfolio. Adviser Managed Accounts Adviser Managed Accounts are managed by the Fuse Partners Private Wealth Advisor entrusted to your accounts. These accounts are supervised by the Fuse Partner compliance staff and are not managed by or reviewed by the Investment Committee. Advisor Managed Accounts are not invested in any other Fuse Partners strategies or models. Selection of Sub-Advisors Fuse Partners may recommend that a client engage one or more unaffiliated Sub-Advisor to manage all or a portion of a client’s investment portfolio. Each Sub-Advisor has been reviewed, approved, and selected by the Fuse Partners Investment Committee. When a client elects to engage a Sub-Advisor, it is the Sub-Advisor who provides discretionary investment management services to the portfolio assets for which the Sub-Advisor is assigned.

Fuse Partners is the main point of contact with each Sub-Advisor and the client grants Fuse Partners the authority to negotiate all terms, fees, and services to be provided on the client’s behalf. Fuse Partners retains the sole discretionary authority to hire, fire, or replace Sub-Advisors, and to reallocate client portfolio assets between Sub-Advisors, as it sees fit to adapt to change in the market, Sub-Advisor performance, and changes in the client’s goals. Fuse Partners will assist in the development of the initial recommendations of investment strategies to be pursued by each Sub-Advisor and the ongoing care obligation to the client. Fuse Partners will perform initial and ongoing due diligence and oversight of the recommended Sub-Advisor to ensure the Sub-Advisor’s strategies and target allocations remain aligned with the client’s investment objectives and overall best interests. Selection of Mutual Funds and ETFs Fuse Partners selects mutual funds and ETFs for client portfolios. Due to specific custodial and/or mutual fund company constraints, or material tax considerations, Fuse Partners may utilize an ETF or mutual fund share class at the lowest cost that the client qualifies for, which may not be the overall lowest cost share class available in the marketplace. Fuse Partners routinely reviews client share class holdings in an effort to provide the lowest cost of ownership available. Page 8 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 Financial Planning Services Financial Planning Services are available to clients who need financial advice or analyses typically involving regarding a business opportunity, business sale or acquisition, an existing investment portfolios, investment choices in qualified plans, insurance and asset protection strategies, risk management, retirement projections, business plans, education savings, trust services, retirement planning, estate planning, corporate and small business planning, or similar financial situation or condition. Financial Planning Services are separate and unique from Fuse Partners Comprehensive Wealth Management services. Some clients will engage Fuse Partners for both services contemporaneously and pay a separate fee for each. Financial Planning Services generally include data gathering related to the client’s unique planning opportunity including the client’s financial goals, tolerance to risk, time horizon, tax status, family, and similar information. Once the requested information is assembled, the Fuse Partners Financial Planning Team will make a thorough analyses of the opportunity and options available and formulate recommendations. After consultation with the client, a plan is developed to assist the client in achieving their desired outcome. The plan may then be implemented at the client’s discretion in any manner or degree that the client chooses. In other words, the client is free to follow the plan, in whole, in part, or not at all, and may do so with any advisor or investment firm he or she chooses to use. The projects encompassed within our Financial Planning Services are intentionally broad and tailored to address the material issues of each client’s financial goals. The fees paid for Financial Planning Services, if any, are exhausted by those services and an additional fee would be required for the ongoing monitoring or management of client assets. Financial Planning Services may be contracted on a flat fee or as a percentage of the assets for which the services are being performed. Flat fees for basic projects can start as low as $500 but can be significantly higher depending upon the scope and duration of the services provided. A written estimate of the negotiated fees for services will be provided to the client in their Financial Planning Agreement prior to the initiation of any services. Fuse Partners may require an advance deposit equal to as much as 100% of the estimated fee. Any remainder of the fee is due to Fuse Partners at the time the services are completed, and the financial plan or other report is delivered to the client. Once the fees are paid in full, the Financial Planning Agreement will be terminated, and any additional services will require a new advisory Agreement. Fuse Partners will not collect any fee in excess of $1,200 for services to be performed six (6) months or more in the future. Should the contract terminate, any prepaid and unearned fee will be returned to the Client. Tailored Relationships Fuse Partners tailors its advisor services to the individual needs of each of its clients. Each client is relied upon to provide Fuse Partners with accurate information regarding their investment portfolio and financial situation. Information Fuse Partners considers in tailoring individual advisory services include the client’s financial condition, investment objectives, tolerance to risk, investment timeframe, liquidity needs, and tax status. All of our recommendations will be made in reliance of the information provided by the client, and the client is responsible for ensuring that the information provided is complete and accurate. Client information is maintained and protected in electronic files and is updated whenever the client informs of us of changes. Fuse Partners performs advisory services for other clients, and it will give advice or take actions in other client’s accounts, that will likely differ from the timing or nature of actions it takes in another client’s account(s). Contracts for advisory services cannot be assigned by Fuse Partners without the client’s affirmative consent. Page 9 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 Corporate Solutions Fuse Partners provides advisory services to retirement plans (“Plans”), generally covered by the Employee Retirement Income Security Act of 1974 (“ERISA”). In doing so, Fuse Partners represents that it is registered as an investment advisor under the Investment Advisers Act of 1940 and acknowledges that, with respect to each client, if it is a covered employee plan, Fuse Partners is a "Fiduciary" and "Investment Manager" as defined in sections 3(21)(A) and/or 3(38) of ERISA. Trustees of each Plan are required to enter into an investment advisory agreement describing the services that Fuse Partners will perform for the Plan and its participants. Fuse Partners will provide participants in each Plan with information about the Plan features and investment alternatives that is sufficient to enable participants to make informed investment decisions. Fuse Partners may also provide additional services in concert with the Plan including assisting in establishing the investment policy for the Plan, the investment objectives of the Plan, the asset types and classes to be offered under the Plan, the number of investment options to be offered under each class of investment, the criteria and benchmarks for the selection and monitoring of the specific investments to be offered under the Plan, monitoring the investments in the Plan and suggesting replacements as appropriate, providing participant education, and advising the Plan Sponsor in following a fiduciary process. Additionally, Fuse Partners may offer to conduct in-person group sessions and provide educational materials to participants in the Plan, advising them of features, benefits, and investment options under the Plan. Fuse Partners may also offer participants one-on-one meetings and individual advice to create model portfolios where the participant elects not to make his or her own asset allocation decisions. Participants maintain the sole responsibility to act upon the advice, unless they individually enter into a separate advisory contract under which Fuse Partners would take on discretionary control and ongoing management for the participants account(s). Fuse Partners does not charge a commission within any Plan beyond the nominal and disclosed trading and administrative charges incurred by the Plan Custodian. Fuse Partners does not participate in any trading or administrative charges to Plan assets by custodians, nor does it receive any Rule 12b-1 commissions (“trail commissions”) or other similar compensation for Plans covered by ERISA. Fuse Partners does not have any arrangements with broker-dealers under which it will benefit from money managers placing trades for any client or Plan. Fuse Partners acknowledges in writing that it owes a fiduciary obligation to each Plan within its Code of Ethics. Discretionary Services Fuse Partners provides services to Plans on a discretionary basis as an Investment Manager under ERISA § 3(38). In that capacity, the investment decisions of Fuse Partners are made in its sole discretion without prior consultation or approval of the Plan. Fuse Partners Discretionary Services include developing and implementing an investment policy statement, selecting a broad range of investment options consistent with ERISA § 404(c), making decisions about the selection, retention, removal and addition of investment options, ongoing investment monitoring, selection of a qualified default investment alternative (“QDIA”) for participants who fail to make an investment election, performance reports, education, enrollment, and analysis. Non-Discretionary Services Fuse Partners also provides services to Plans on a non-discretionary basis under ERISA § 3(21). In that capacity the Plan retains and exercises all final decision-making authority and responsibility for the Page 10 of 26 ADV Part 2A – Confidential V.03012024.MMO.01 implementation (or rejection) of advisory recommendations. Fuse Partners non-discretionary services include assisting the Plan in developing and implementing an investment policy statement, assisting the Plan in selecting a broad range of investment options consistent with ERISA § 404(c), assisting the Plan in making decisions about the selection, retention, removal and addition of investment options, selection of a qualified default investment alternative (“QDIA”) for participants who fail to make an investment election, performance reports, education, enrollment, and analysis. Retirement Accounts and Rollover Recommendations Fuse Partners is a fiduciary under ERISA with respect to investment management services and investment advice provided to ERISA Clients, including ERISA plan participants. Fuse Partners is also a fiduciary under the Internal Revenue Code (the “IRC”) with respect to investment management services and investment advice provided to ERISA plans, ERISA plan participants, IRA owners, and IRAs (collectively, “Retirement Account Clients”). As such, Fuse Partners is subject to specific duties and obligations under ERISA and the IRC that include, among other things, prohibited transaction rules which are intended to prohibit fiduciaries from acting on conflicts of interest. For the transaction to be exempted from the prohibited transaction rules, we must (i) meet a professional standard of care when making investment recommendations (give prudent advice); (ii) never put our financial interests ahead of yours when making recommendations (give loyal advice); (iii) avoid misleading statements about conflicts of interest, fees, and investments; (iv) follow policies and procedures designed to ensure that we give advice that is in each client’s best interest; (v) charge no more than is reasonable for our services; and (vi) provide you basic information about our conflicts of interest. An individual leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). When Fuse Partners recommends that a client roll over their retirement plan assets into an account to be managed by Fuse Partners, that recommendation creates a conflict of interest because Fuse Partners will earn an advisory fee on the assets being rolled over. Fuse Partners will mitigate this conflict by acting in the best interest of the Client. No client is under any obligation to rollover retirement plan assets to an account managed by Fuse Partners. Regulatory Assets Under Management and Assets Under Advisement Fuse Partners has the following assets under management or advisement as of February 29, 2024: 2 Assets Not Reportable on ADV Part I are assets that Fuse Partners advises on, but do not meet the SEC definition of Regulatory Assets Under Management and thus are not reportable on Form ADV. Total Assets Under Advisement is inclusive of Regulatory Assets Under Management. Discretionary Assets Under Management Non-Discretionary Assets Under Management Total Regulatory Assets Under Management Assets Not Included on Form ADV Part 12 Total Assets Under Advisement $903,235,125.00 $0 $903,235,112.00 $1,500,683,677 $2,403,918,789.00 Page 11 of 26 ADV Part 2A – Confidential V.03012024.MMO.01