IMPORTANT DISCLOSURE INFORMATION

Sumnicht & Associates, LLC (Sumnicht) is an SEC registered investment adviser located in Appleton, Wisconsin. Sumnicht and its representatives are in compliance with the current registration filing requirements imposed upon state registered investment advisers by those states in which Sumnicht maintains clients. Sumnicht may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Sumnicht's website is limited to the dissemination of general information pertaining to its investment advisory services. Accordingly, the publication of Sumnicht's website on the Internet should not be construed by any consumer and/or prospective client as Sumnicht's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Sumnicht with a prospective client shall be conducted by a representative that is either registered or qualify(ies) for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Sumnicht, please contact the SEC or the state securities law administrators for those states in which Sumnicht maintains a notice filing. A copy of Sumnicht's current written disclosure statement, Form ADV Part 2 Brochure (and, as applicable, a Part 2B Brochure Supplement), discussing Sumnicht's business operations, services, and fees is available from Sumnicht upon written request. Sumnicht does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Sumnicht's website or incorporated in part herein takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy will be either suitable or profitable for a client's or prospective client's portfolio. Asset allocation and diversification concepts do not ensure a profit nor protect against loss in a declining market.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance will be profitable, or be equal either to the performance results reflected or any corresponding historical index.

The performance results presented reflect actual composite results that assume the reinvestment of dividends and other account earnings and do not reflect the impact of taxes.

For reasons including platform provider and custodian utilized, as well as variances in portfolio account holdings, market fluctuation, the date on which a client engaged Sumnicht’s services, regular model rebalancing and/or updates, and timing of account contributions and withdrawals, the underlying fees of a specific client's account may vary from these estimates. iSectors®, LLC (iSectors®) investment allocation models are only available through registered investment advisers, who will charge an additional fee for their advisory services. For information about the fees that pertain to your account, please check with your adviser.

iSectors models are based on (a) index ETFs (Exchange Traded Funds) that are designed to track their indexes, with the goal of neither outperforming nor underperforming their indexes and (b) actively managed ETFs and mutual funds that may outperform or underperform their benchmarks. We provide benchmark indexes that are well-known; indexes are provided for comparison purposes only.

This information is marketed to investment professionals. iSectors® inception date is in 2008 and as of December 31, 2018, iSectors® manages 15 allocation models with inception dates ranging from 2005 to 2011; the majority have inception dates prior to 2010. Previously, Sumnicht, an affiliated company, managed the allocations. Sumnicht is a provider of investment management services for institutional, family office and individual clients. Sumnicht claims compliance with the Global Investment Performance Standards (GIPS®). Sumnicht claims that the allocations are GIPS compliant since each allocation’s respective inception dates and have been GIPS verified from January 1, 2008 to December 31, 2018, as of the verification date of June 26, 2019. The allocation composites include both institutional and individual client accounts whereby iSectors® has sole portfolio discretion with investment objectives matching that of each specific allocation. iSectors performance as shown in iSectors®’ publications are shown in US dollars, gross of fees, including the reinvestment of dividends and do not reflect the impact of taxes. Returns will be reduced by investment manager, platform, custodial, trading and advisory fees, costs, and expenses, if and as applicable. Past performance is not indicative of future results. To obtain a compliant presentation and a list and description of the Firm’s GIPS composites, please contact Chuck Self, Chief Investment Officer, iSectors®, LLC, at (920) 257-5168 or chuck.self@isectors.com.

Certain portions of Sumnicht's website (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Sumnicht's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from an investment professional. Sumnicht is neither an attorney nor accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice. Correspondingly, each client and prospective client agrees, as a condition precedent to his/her/its access to Sumnicht's website, to release and hold harmless Sumnicht, its officers, directors, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Sumnicht.

Certain Important Disclosures for Social Media

Posts to social media, including its website by Sumnicht and/or its personnel should not be construed as a solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet. Sumnicht may only transact business in those states in which it is registered, notice filed, or qualifies for an exemption or exclusion from such requirements. Due to changing market conditions, any statements concerning securities or investment markets, statements made or linked to on this website may no longer be reflective of current position(s) and/or opinions of Sumnicht and/or its personnel. No statements made or linked to on this website should be interpreted as legal, accounting or tax advice. Neither Sumnicht nor its personnel solicit nor endorse any “liking” or re-posting by its personnel. Any “liking” should be interpreted, at most, as an indication that a specific individual views a post or other content to be of personal interest rather than a statement of such person’s investment related experiences with Sumnicht and/or its personnel. Regarding posts to third-party content, such as linking to other articles in a blog, by Sumnicht and/or its personnel, neither Sumnicht nor its personnel represent that any such social media posting is accurate, timely, complete or relevant.