Description of Advisory Services: We are a registered investment adviser with the U.S. Securities and Exchange Commission, currently providing sub-advisory services to other registered investment advisors known as Financial Advisory Firms (“FA Firm”) or (“Financial Advisors”), either directly or through a third party sponsored program since 2007. As of December 31, 2023, we have approximately $8.77 billion in discretionary assets under management. We are a wholly owned subsidiary of AssetMark Financial Holdings, Inc. (“AssetMark”). On December 14, 2022, AssetMark completed the acquisition of all of the equity interests in Adhesion Wealth Advisor Solutions (“Adhesion”). AssetMark is an indirect subsidiary of Huatai Securities, Co., Ltd. (“HTSC”). HTSC is a financial services and securities brokerage firm, incorporated in China and listed on the Shanghai and Hong Kong stock exchanges, with global depository receipts (“GDRs”) listed on the London Stock Exchange. Entities incorporated in China may be subject to China’s laws and regulations that differ from those in the United States. AssetMark Financial Holdings, Inc., is publicly listed on the New York Exchange (ticker: AMK). Overlay Portfolio Management Services. Our sub-advisory services are typically referred to as overlay portfolio management (“OPM”), where we generally implement the investment instructions provided by your Financial Advisor for your account(s) through ongoing monitoring, rebalancing and trading. We provide OPM Services directly to FA Firms and Financial Advisors under the terms of an advisor services agreement, and to FA Firms and Financial Advisors through programs sponsored by a third party (e.g., a broker-dealer). As far as you are concerned, our OPM Services are considered impersonal investment advice (which means that these services are not tailored to meet the needs of the objectives of specific individuals or accounts). Investment instructions are generally communicated to us in the form of asset allocation strategies (“Strategies”). We refer to a strategy’s creator as a “Strategist”. In many cases, your Financial Advisor will create the Strategy for your account. Alternatively, your Financial Advisor may elect to employ a Strategy from a third-party Strategist, also a registered investment advisor, for your account. Please refer to your FA Firm’s disclosure brochure for details regarding the services they provide, and the services of any third parties they may employ. Strategies are comprised of a model portfolio (“Model”) or a weighted combination of multiple Models, as determined by the Strategist. A Model represents the investment recommendations of a “Manager”, in the form of a list of securities to hold and the relative weight of each. The Models of third-party asset Managers, themselves registered investment advisors, may also be included in your account’s Strategy. Adhesion or your FA Firm may also be one of the Managers providing one or more of the Models for your account’s Strategy. The Strategist is responsible for researching and evaluating Managers, and selecting the specific Models employed in the Strategy. The responsibilities of the third- party Strategists and Managers with respect to your account are limited to providing generalized, non-discretionary investment advice. These limitations are further discussed in schedules attached to our advisor services agreement with your FA Firm. You will never be in direct contact with us. It is your Financial Advisor who remains solely responsible for understanding your individual financial situation, investment goals and objectives, qualification, time horizon, portfolio liquidity and concentration, and tolerance for risk as well as any investment limitations and reasonable restrictions for your account. Based upon this knowledge, your Financial Advisor selects a suitable Strategy for your account. Your Financial Advisor is solely responsible for maintaining communication with you to monitor your investment objectives and any changes in your individual circumstances, and for communicating any changes in your situation to us in the form of a suitable Strategy selected for your account. Any questions you may have regarding the Strategy employed for your account, the Manager Models comprising the Strategy, their suitability for your individual financial situation, or the fees charged should be directed solely to your Financial Advisor. In our provision of OPM Services, we require discretionary authority to implement the investment instructions specified by your Financial Advisor for your account via the purchasing and selling of securities. This authority is in addition to the authority you grant your Financial Advisor over your accounts. You grant us this discretionary authority through the custodian broker-dealer who holds your account. Through the custodian’s paperwork you typically designate us to be the “manager” or “sub-advisor” for your account. With this authority we monitor your account to assess ongoing conformity to the Strategy selected by your Financial Advisor. If your account varies from the Strategy beyond a tolerance specified by the Strategist, other than due to specific instructions or restrictions provided by your Financial Advisor, we will make appropriate and necessary adjustments to bring your account back into conformity. Please bear in mind that your Financial Advisor solely determines whether our OPM Services are suitable for you. You, or your Financial Advisor, may terminate our OPM Services for your account at any time. OPM Services Through Third-Party Sponsored Programs. We may also provide OPM Services for third-party sponsored programs (“Programs”) sponsored by registered broker-dealer firms, banks or trust companies not affiliated with us (the “Sponsors”). We are not considered a Program Sponsor. The Programs offer portfolio advisory and professionally managed investment account services through intermediary Financial Advisors whose individual and institutional clients open brokerage accounts through the Sponsor and agree to sub-advisory services provided by us. The Sponsor is responsible for identifying and selecting those Strategists and Managers that will participate in the Program. The Sponsor will provide appropriate information to Financial Advisors regarding the investment discipline and/or approach for the Strategists and Managers, and any changes that may occur. The Sponsor is responsible for reviewing the performance of all Strategists and Managers and making recommendations to Financial Advisors with respect to their selection and retention. The Financial Advisor maintains full discretionary authority to hire and fire the Strategists and Managers on behalf of their clients. The Financial Advisor will determine whether the Program and the individual Strategists and Managers are suitable for your individual circumstances and needs. Manager Fees Adhesion charges to Strategists and Managers that have been selected to participate on the Platform a one-time set up fee and an annual maintenance fee for performing certain functions in connection with adding and maintaining the Strategist or Manager on the Platform. Adhesion

offers a program through which Managers and Strategists pay a fee to access reports that provide additional detail with respect to assets invested in the Models and Strategies maintained by Managers and Strategists. These fees create a conflict of interest for Adhesion because they provide a financial incentive for Adhesion to favor Managers and Strategists who agree to pay the fees in order to participate on the Platform and in the data program. Fixed Income Fixed Income investments are provided by third parties with full investment discretion to transact in your account. Adhesion oversees the Fixed Income managers and provides the billing and manager payments. Tax Overlay Management Services. If selected by your Financial Advisor, we will also provide Tax Overlay Management services to your account. In providing Tax Overlay Management services, we consider the tax consequences of transactions in your account and will adjust our OPM Services in the context of such consequences. We attempt to accomplish tax-aware investment management through gain-loss matching, harvesting losses and/or gains, deferring gains until securities reach preferential tax status, and avoiding imprudent wash sale transactions, and, as necessary and based on information received from your Financial Advisor, incorporating external events into investment decisions. In providing Tax Overlay Management services, we consider the tax consequences of a transaction as just one of multiple factors to be weighed against the benefits of the transaction. As a result, we may in certain circumstances effect a transaction even though, for example, the transaction may generate a wash sale transaction or short-term taxable gains. Our ability to improve your after-tax return depends on various factors beyond our control including economic and market conditions, regulatory changes, actions taken by your custodian broker-dealer, the specifics of your account’s Strategy and its constituent Models, your tax circumstances and mandates as communicated by your Financial Advisor. Tax Overlay Management may cause the actual performance in your account to vary from the "stated" performance of the Strategy’s Manager. Tax Overlay Management services are provided solely in connection with the OPM Services provided to your account. We do not provide general tax planning advice or services. To provide Tax Overlay Management services, we rely solely on the information provided by your Financial Advisor and your custodian broker-dealer. If that information is inaccurate, incomplete, or not timely, our ability to provide Tax Overlay Management may be adversely affected. We make no guarantee that taxes in your account will be reduced. We generally accept tax gain and loss harvesting requests from Financial Advisors for accounts receiving Tax Overlay Management services, subject to certain limitations, such as amount, timing, and the potential effect on the likely effect of the potential tax harvesting transactions on the accounts. The details of gain and loss harvesting are agreed to between us and your Financial Advisor. You should contact your Financial Advisor for specific information. If accepted by us, the transactions executed due to a tax gain or loss harvesting request may affect the future management of your account and may specifically result in us temporarily deviating from your account’s Strategy. Tax Overlay Management is available only to U.S. account holders. By default, accounts are managed without Tax Overlay Management Services unless specifically elected by your Financial Advisor. Tax Overlay Management is a proprietary capability and presents a conflict of interest for Adhesion as Adhesion earns fees when a Financial Advisor determines to enroll client accounts for Tax Overlay Management services. Other Information About Our OPM Services. Supported Custodians Our OPM Services are only available to Financial Advisors whose client accounts are held at one of the following supported custodian broker-dealers (“Supported Custodians”): Schwab Advisor Services (“Schwab”), Fidelity Institutional Wealth Services (“Fidelity), Pershing Advisor Solutions (“Pershing”), or TradePMR Advisor Services (“TradePMR”), although we may in the future accept other custodian broker dealers. We have arranged with these Supported Custodians the capability to electronically place securities brokerage orders on behalf of your account(s). This electronic trading capability is generally required for the effective provision of our OPM Services. Client-Specific Restrictions. Your Financial Advisor may instruct us to restrict from your account the securities of specific companies or industries or restrict the sale of certain securities held in your account. In the case of industry restrictions, we rely on third-party providers for industry classification data and make no guarantee as to the accuracy of such third-party information. Changes may occur that affect the industry classification of a security and we will make reasonable efforts to implement those changes in a timely manner. In general, we may implement restrictions by taking one or both of the following actions: (A) increasing the relative proportions of other securities to replace the restricted securities and/or (B) increasing money market or cash positions in your account, all as determined by us in our sole discretion. Such restrictions imposed on your account would likely cause your account’s performance to differ from the “stated” performance of the Strategy’s Models. We will reimburse a client account for losses resulting from errors by us in our administration. The gains and losses are reconciled within our error accounts with Supported Custodians and the net losses are reimbursed. Direct Indexing Our Direct Indexing and Investable Index Series was designed to provide your Financial Advisor with Model options that behave in a manner similar to a broad-market index while, at the same time, allowing for customization and active overlay management techniques through individual security ownership. Your Financial Advisor may utilize these Models to serve several construction objectives inside your portfolios. Your Financial Advisor may wish to use these Models as a core module inside of a larger core/satellite portfolio. These Models may also be suitable as a starting point to express your preferences for lifestyle- or religious-specific customizations that could otherwise not be expressed through a pooled vehicle such as an ETF or Mutual Fund. Finally, these Models may be utilized as a tax-aware module within your portfolio where tax lots may be loss-harvested (see Tax Overlay Management Services) while at the same time demonstrating index-like tracking characteristics. While the Models themselves are not managed in a tax-sensitive fashion, the structure can help facilitate more effective tax management as it permits individual tax lot ownership. The Investable Index Series or Direct Indexing is a proprietary capability and presents a conflict of interest for Adhesion as Adhesion earns fees when a Financial Advisor determines to invest client assets in the strategy.