CARMEL CAPITAL MANAGEMENT L.L.C.

CCM is an independent investment advisory firm that provides wealth and portfolio management through separately managed accounts for a diverse range of clients, including high net-worth individuals, family offices, corporations, pensions, profit-sharing plans, endowments, and foundations. The firm tailors its services to each client's individual needs, and generally manages all client accounts on a discretionary basis. CCM's initial minimum account size is $4.5 million for new clients, although waivers may be considered. CCM's advisory services are designed to meet the specific objectives and circumstances of each client. The firm considers factors such as investment goals, experience, financial condition, family circumstances, retirement goals, and other relevant information when developing and implementing investment strategies. CCM is committed to providing personalized and comprehensive wealth management solutions to its clients.

Carmel Capital Management employs a fundamental analysis and value investing approach. They aim to build wealth by investing in high-quality, undervalued securities. The firm conducts thorough research to identify companies with strong earnings prospects and intrinsic value. They construct diversified portfolios to mitigate risk. CCM invests in various asset classes, including equity securities, fixed income, ETFs, ETNs, mutual funds, and private fund investments. The specific mix of securities in client portfolios depends on portfolio management decisions and client investment objectives. CCM acknowledges the inherent risk of loss in market investments and emphasizes the importance of diversification.