Disclosures

FACTS WHAT DOES STRATEGAS DO WITH YOUR PERSONAL INFORMATION?
Why? Financial companies like Strategas Securities, LLC or Strategas Asset Management, LLC (collectively “Strategas”) choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?

When we refer to “personal information” we mean any data relating to an identified or identifiable individual. This could include information that could identify an individual, directly or indirectly, in particular, by reference to an identifier such as a name, ID number, location data or online identifier. It also includes factors specific to an individual’s characteristics.

The types of personal information Strategas collects and shares depends on the product or service you have with Strategas. Strategas collects limited personal information on its clients including in some instances for the purpose of providing research services as requested by the subscriber; and this primarily encompasses the following types of information:

  • Name, address, phone numbers, email, business title and functional role
  • Business communications, such as email exchanges or in-person meetings or events
  • Access to the firm’s research

When you are no longer a Strategas customer, we continue to share your information as described in this notice.

How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Strategas chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does Strategas share? Can you limit this sharing?

For our everyday business purposes —
such as to process your transactions, maintain your account(s),
respond to court orders and legal investigations, or report to credit bureaus

Yes No
For our marketing purposes —
to offer our products and services to you
Yes No
For joint marketing with other financial companies No N/A
For our affiliates’ everyday business purposes —
information about your experiences
Yes No
For our affiliates’ everyday business purposes —
information about your creditworthiness
No N/A
For our affiliates to market to you No N/A
For nonaffiliates to market to you No N/A
Questions? Call 212-906-0130 or go to www.strategasrp.com or www.strategasasset.com
Who we are
Who is providing this notice? Strategas Securities, LLC and Strategas Asset Management, LLC
What we do
How does Strategas protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Strategas collect my personal information? We collect your personal information during the course of your dealings with us. For example, when we are undertaking a project or services for your organization, we will collect your personal information.
  • Otherwise, we gather information about you when you provide it to us, for example when you correspond with your contacts within Strategas.
  • We may also receive information about you from other sources, such as directly from your organization or via online resources including LinkedIn and other publicly available sources.
  • We combine information about you from various sources, including the information that you have provided to us directly.
We also collect your personal information from others, such as credit bureaus, affiliates or other companies.
Why can’t I limit all sharing? Federal law gives you the right to limit only
  • sharing for affiliates’ everyday business purposes—information about your creditworthiness
  • affiliates from using your information to market to you sharing for nonaffiliates to market to you
  • State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.
  • Our affiliates are Baird Financial Group, Inc., Baird Financial Corporation, Robert W. Baird & Co. Incorporated, Baird Trust Company, Robert W. Baird Group Limited, Robert W. Baird GmbH, and Baird Funds, Inc.
Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • Nonaffiliates with whom Strategas shares your information for the reason identified above include: service providers that provide services on Strategas’ behalf, including IT service providers; legal and other professional advisors and auditors; regulators and law enforcement agencies.
Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
  • Strategas does not have any joint marketing partners.
Other Important Information

For Nevada residents only.We are providing you this notice pursuant to state law. You may be placed on our internal Do Not Call List by following the directions in the “Can you limit this sharing” section by choosing to limit sharing “For our affiliates to market to you.” Nevada law requires that we also provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington Street, Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; e-mail: BCPlNFO@ag.state.nv.us. Strategas Securities, LLC, Strategas Asset Management, LLC ("Strategas”) 52 Vanderbilt Ave, New York, NY 10017; Phone Number 212-906-0131; e-mail: Click on “Contact Us” in the top right corner at www.strategasrp.com.

Vermont: In accordance with Vermont law, we will not share information we collect about Vermont residents with companies outside of our corporate family, except as permitted by law, such as with your consent, to service your accounts or to other financial institutions with which we have joint marketing agreements. We will not share information about your creditworthiness within our corporate family except with your authorization or consent, but we may share information about our transactions or experiences with you within our corporate family without your consent.

California: In accordance with California law, we will not share information we collect about you with companies outside of Strategas, unless the law allows. For example, we may share information, to service your accounts, or to provide rewards or benefits you are entitled to. We collect personally identifiable information from online customers when those customers choose to enter their personal information while using Strategas’ web sites and/or online services (including mobile applications). This information includes, but is not limited to, customer names, e-mail and mailing addresses, phone numbers, and Social Security numbers.

Retention period: Strategas will only hold your personal information for as long as required to undertake the purposes of our processing, plus a prescribed period of time as required by laws in your jurisdiction.

Strategas may change this privacy notice at any time, and any changes or updates will be effective immediately on the date of posting. For a current version, please visit www.strategasasset.com/Disclosures/Index or www.strategasrp.com/Disclosures

INTERNATIONAL DISCLOSURES

This communication produced by Strategas Securities, LLC is directed only at persons who are considered as investment professionals for purposes of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO"). Investment professionals are certain defined persons in Article 19 the FPO who have professional experience in matters relating to investments. Any investments or investment activities to which this communication relate are available only to investment professionals or will only be engaged in with such persons. Persons who do not have professional experience in matters relating to investments should not rely on this communication.

BUSINESS CONTINUITY

PLAN It is mandatory that all FINRA member firms develop business continuity procedures and a summary of such procedures disclose to their customers. FINRA Rule 3510 requires that all member firms create a business continuity plan in the event of a significant business disruption. Strategas Securities, LLC, a registered broker-dealer, and SEC-registered Investment Advisor has procedures in place should a disruption prevent personnel from gaining access to our offices. Strategas undertakes to quickly recover and resume normal business operations as soon as possible should a major disruption to business occur. Strategas undertakes to safeguard our employees and property, to make a full financial and operational assessment, to protect the firm's books and records. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. Please note that this is a summary of the Strategas Securities' Business Continuity Plan. The Plan is subject to modification. As modifications are made to this plan, they will be posted on our website, or you may obtain an updated summary from us upon request.

CONTACTING

US If after a significant business disruption you cannot contact us at (212) 906-0130, you should call our alternative number (203) 526-6372 or go to our web site at www.strategasrp.com.

INDEX DISCLOSURES

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned inthis report may fall against the interests of the investor and the investor may get backless than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. When an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material is not intended for any specific investor and does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.

EMAIL

This e-mail, and any attachment(s), may include confidential and privileged information, is for information purposes only and is not a personal recommendation. If you are not the intended recipient, please advise the sender immediately and delete or destroy this e-mail and any attachments. Use by other than intended recipients is prohibited. This information provided may be subject to change without notice, is not an offer to buy or sell or a solicitation to buy or sell any securities, investment products or other financial product or service, an official confirmation of any transaction, a research report, or an official statement of Strategas Securities. Any views or opinions presented are solely those of the author and do not necessarily represent those of Strategas. We reserve the right to monitor all email communications through our network.

Any views or opinions presented are solely those of the author and do not necessarily represent those of Strategas. Strategas Securities LLC is a registered broker dealer with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and a wholly owned subsidiary of Strategas Research Partners, LLC. Strategas Research Partners, LLC and Strategas Securities, LLC, are located at 52 Vanderbilt Avenue, 19th Floor, New York, New York, 10017, United States.

The contents of any attachment to this e-mail may contain software viruses which could damage your own computer system. While we have taken every reasonable precaution to minimize this risk, we cannot accept liability for any damage which you sustain as a result of software viruses. You should carry out your own virus checks before opening the attachment.

“Strategas Securities” is affiliated with Strategas Securities LLC and Robert W. Baird & Co Incorporated and is authorized and regulated by the Financial Conduct Authority for the conduct of investment business in the United Kingdom with financial services registration number 124308. “Strategas Securities” is a company registered in England and Wales (registration number 1745463) and has its principal place of business at Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB, United Kingdom.

CLIENT RELATIONSHIP SUMMARY ("FORM CRS")

Effective as of June 30, 2020

Strategas Asset Management, LLC (“SAM”, “we”, “us” or “our”) is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser. We offer investment advisory services.

Free and simple tools are available to research firms and financial professionals at lnvestor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

We offer investment advisory services to retail investors and our services provide you the ability to invest in publicly-traded US common stocks and exchange traded funds. The principal advisory service we offer is discretionary portfolio management. We also simply deliver our model portfolio and updates to the model. You will choose the investment strategy that we offer and we will either make all investment decisions on your behalf without providing you prior notice and without soliciting your consent for the duration of your participation in the program or we will deliver our model portfolio and updates thereto for the strategy you select and you or a third party you designated will be responsible for deciding whether to make trades in your account. We have established relationships with several platforms operated by third parties that provide execution and custodial services through which you can retain us to manage your account or provide you with our model portfolio. Many of the platforms offer a wrap fee program. We do not impose any material limitations on our services, although we focus on managing accounts with discretion or providing model portfolios and the types of securities that will be purchased for your account are a function of the investment strategies we offer and you select. As part of our discretionary portfolio management services, we monitor your advisory account, generally at least quarterly. We do not monitor client accounts for which we only provide model portfolios. We generally require a minimum amount to open an account for us to manage with discretion. This document does not contain a complete description of our advisory services. For additional important information, please see our Form ADV Part 2A Brochure (the “Advisory Services Brochure”) available on our website at https://www.strategasasset.com/Home/Disclosures.

Conversation Starters. Ask your financial professional:

  • Given my financial situation, should I choose an investment advisory service? Why or why not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What fees will I pay?

The principal cost of our advisory services, whether the service is discretionary portfolio management or model portfolio delivery, is an advisory fee. You will typically pay an ongoing, quarterly fee based on a percentage of the value of the assets in your account (an “asset-based fee”). Some services for separately managed accounts are offered as part of a wrap fee program operated by a third-party platform. A wrap fee is a single fee charged to the client for advisory services and non-advisory services such as trade execution, custody of your investments and other account services, which may be higher than a typical asset-based fee. For accounts that are in a third-party wrap fee program, we receive a portion of the wrap fee for our services.

With an asset-based fee, the more assets you invest in your advisory account, the more you will pay us in fees. Asset-based fee arrangements provide us an incentive to encourage you to increase the assets in your advisory account.

You may incur other fees and costs in addition to the advisory fees described in this document. Common examples include commissions and other fees imposed by broker-dealers that execute transactions for your account; fees and charges imposed by parties that have custody of your account; certain account, administrative, wire transfer, interest and other similar fees; fees and expenses related to mutual funds, ETFs or other investment products that are purchased and held in your account; and costs charged by other parties providing services to you.

You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.

You are encouraged to consult our Advisory Services Brochure which contains more specific information about the advisory fees and other fees and costs that apply to advisory accounts. This document is available on our website at https://www.strategasasset.com/Home/Disclosures.

Conversation Starter. Ask your financial professional:

  • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?

What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?

When we act as your investment adviser, we must act in your best interest and not put our interest ahead of yours.

At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the recommendations and investment advice we provide you.

Here are some examples to help you understand what this means.

xamples of Ways We and Our Affiliates Make Money and Conflicts of Interest

Proprietary Products: We and our affiliates earn higher fees, compensation and other benefits if you invest in investment products that we or our affiliates issue, sponsor, or manage, such as mutual funds, ETFs, UITs, closedend funds and private equity funds, than if you invested in unrelated products. Therefore, we have an incentive to recommend or to invest your assets in those affiliated products over products unrelated to us.

Conversation Starter. Ask your financial professional:

  • How might your conflicts of interest affect me, and how will you address them?

You are encouraged to consult our Advisory Services Brochure which contains more detailed information about conflicts of interest, including potential conflicts that may arise due to our affiliation with Robert W. Baird & Co. Incorporated (“Baird”) and Strategas Securities LLC (“STS”), which include incentives to recommend that clients open accounts at Baird to receive our services or to place client trade orders for execution with Baird or STS. That document is available on our website at https://www.strategasasset.com/Home/Disclosures. How do your financial professionals make money? Our financial professionals derive most of their compensation in their capacities as executive officers/research analysts for our affiliate, Strategas Securities, LLC, a registered broker-dealer and investment adviser. Financial professionals may receive discretionary bonuses determined by our Board of Directors. In determining bonuses (if any), the Board may consider the performance and client assets in the portfolios or strategies that we manage.

Do you or your financial professionals have legal or disciplinary history?

No. Visit lnvestor.gov/CRS for a free and simple search tool to research us and our financial professionals.

Conversation Starter. Ask your financial professional:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

For additional information about our advisory services, see our Advisory Services Brochure available on our website at https://www.strategasasset.com/Home/Disclosures. If you would like additional, up-to-date information or a copy of this disclosure, please call 1-414-298-7829.

Conversation Starter. Ask your financial professional:

  • Who is my primary contact person? Who can I talk to if I have concerns about how this person is treating me?

FORM 8937 (REPORT OF ORGANIZATIONAL ACTIONS)