A. Firm Information Towercrest Capital Management, LLC (“Towercrest”) is a registered investment advisor providing investment management and financial planning services to individuals and institutions. Towercrest prides itself on its investment process, client service and independence. Towercrest is organized as a limited liability company in the state of Delaware and has been in continuous operation since July 2009. Curt Snyder is the principal owner of Towercrest Capital Management. Assets under the direct management of Towercrest are held by independent custodians. Towercrest does not act as a custodian of client assets. B. Advisory Services Offered Investment Management – Towercrest provides clients with ongoing investment management services on a fee-only basis. Towercrest manages diversified portfolios that are designed to meet clients’ risk and return objectives. An appropriate portfolio is determined by a client’s investment objectives, investment time horizon, liquidity needs and risk tolerance. Towercrest typically uses exchange-traded funds (ETF’s) to build diversified portfolios. These services are generally performed on a discretionary basis. Financial Planning and Consulting Services – Towercrest may provide financial planning to certain clients in conjunction with investment management services. Financial planning may include net worth analysis, tax planning, estate planning, risk management and retirement planning. In performing these services, Towercrest is not required to verify any information received from the client or from the client’s other professionals. In some cases, Towercrest may provide consulting services regarding non-investment related financial matters on a stand-alone separate fee basis. 401k/Retirement Plan Services – Towercrest provides investment advice and consulting services to qualified retirement plans. Towercrest

will assist in plan design, educate participants, and guide plan sponsors on fiduciary matters. Sub-Advisory Services - Towercrest serves as a sub-advisor to registered investment advisors according to the terms and conditions of a written sub-advisory agreement. With respect to its sub-advisory services, the investment advisors that engage Towercrest’s sub-advisory services maintain both the initial and ongoing day-to-day relationship with the underlying client. Towercrest provides sub-advisory services to client portfolios consistent with the client’s stated goals, objectives and risk tolerances provided by the client’s investment advisor representative. C. Client Account Management Prior to engaging Towercrest to provide investment advisory services, the client is required to enter into an Investment Management Agreement with Towercrest which sets forth the terms and conditions of the engagement and the scope of services to be provided. These services may include; developing the investment strategy, determining the appropriate target portfolio asset allocation, developing the Investment Policy Statement (IPS) and ongoing investment monitoring. Clients may impose restrictions on investing in specific securities, industries or sectors. D. Wrap Fee Programs Towercrest offers a wrap fee program whereby the firm manages client accounts for a single convenient wrap fee that includes investment advisory services, portfolio management services, custody and clearance services and transaction costs. Towercrest serves as the portfolio manager in the wrap fee program. Towercrest does not manage wrap fee accounts any differently than non-wrap accounts. A portion of the fees paid for the wrap account program will be paid to Towercrest as a management fee. E. Assets Under Management As of December 31, 2023, Towercrest had $633,019,383 in assets under management, all of which are managed on a discretionary basis.