Notes

1 Registration as an investment adviser does not imply a certain level of skill or training.

2 Some of these organizations are clients of Sage Financial Group.

3 As recognized by the Philadelphia Business Journal. For more information, see the Accolades section below.

Accolades

Barron’s Magazine: 2017 Top 1,200 Financial Advisors

Barron’s state-by-state ranking of the top financial advisors in the United States. Factors included in the rankings are assets under management, revenues generated by advisors for their firms, quality of practices, and philanthropic work. Barron’s examines regulatory records, internal company documents, and extensive questionnaires filled out by the advisors themselves. Investment performance isn’t explicitly a criterion, because the advisors pursue a wide range of investment goals for their clients. A total of 1,200 advisors were ranked based on data provided by over 4,000 advisors across the nation. In the final list, advisors are ranked by state. The number of advisors included for each state was based on population. Sage Financial Group did not pay to participate in this ranking. For more information about the Barron’s Top 1,200 Financial Advisors Ranking, including the other firms listed, please click here.

The Financial Times: 2017 Top 300 Registered Investment Advisers

The 2017 Financial Times Top 300 Registered Investment Advisers is an independent listing produced by the Financial Times (June 2017). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research, and 300 RIA firms were ranked based on data submitted by more than 2,000 qualified RIA firms across the nation. As identified by the FT, the listing reflects each practice’s performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility. Neither the RIA firms nor their employees pay a fee to the Financial Times in exchange for inclusion in the FT 300. For more information about the ranking, please click here.

Bloomberg Markets: 2015 Top 50 Registered Investment Advisers

The Bloomberg Markets ranking includes RIAs that provide financial planning services registered with the U.S. Securities and Exchange Commission which reported that more than 75 percent of their clients are considered high net worth, meaning they have at least $2 million in net worth or at least $1 million invested with the adviser. The ranking is based on reporting to the SEC as of June 2, 2014. It used filings as of June 2, 2014. The ranking excludes those advisory firms that take commissions or are affiliated with a bank, insurer or other financial firm. Sage Financial Group did not pay to participate in this ranking. For more information about the ranking, including other firms listed, please click here.

Philadelphia Business Journal: 2017 Best Places To Work

The 75 businesses appearing on this list were assessed through an employee survey that measured key areas of an organization’s culture. These areas ranged from compensation and benefits to trust in senior leadership. The survey also measured the level of engagement exhibited by employees. Sage Financial Group did not pay to participate in this ranking, and employee participation was completely voluntary. For more information on the ranking, including other businesses recognized, please click here.

Privacy Policy

Introduction

Sage Financial Group, Inc. (“Sage”, “we,” “us,” or “Company”) is strongly committed to respecting and protecting your privacy. Please carefully read the following Privacy Policy (“Policy”). In order to ensure your privacy, the information we collect from clients and visitors to this Website (the “Site”) is used only in the manner and for the purposes described in this Policy.

The purpose of this Policy is to explain the type of information that the Company collects, what we do with that information, and with whom the Company shares this information. Anyone who provides personally identifiable information (“Personal Information”) or any other information to the Company consents to the collection, use and disclosure of such information under the terms of this Policy. This Policy applies to both our clients to whom we provide services (“Clients”) and to those individuals who browse and use our Site (“Visitors”).

Information Collected From Visitors to our Site

Cookies are small text files that are stored in your computer’s memory and hard drive when you visit certain web pages. When you access sagefinancial.com (or any web site), your web browser may automatically send information about your computer, e.g., your User agent and IP address, if your computer enables cookies. We do not store this information however we do use it to measure and track visitors to our Site. This enables us to improve our Site, for example, by determining whether Visitors can find information easily, or by identifying the aspects of the Site that are of the most interest to them. However, we do not run third party browser cookies on our Site.

Voluntary information collected through the “Contact Us” page or through the “Sign Up for Sage’s Investment Perspective” is securely maintained by us and used only to respond to your inquiry and/or to mail our newsletter Insights (at the bottom of which is the option to stop receiving emails from Sage).

Once you have requested information from us, we may communicate with you via email regarding your request to provide additional information related to your initial information request. However, we will never ask you to send personal information such as account or Social Security numbers by non-secure email.

Websites That We Link To

Internet sites that you link to from the Sage Financial Group Site may contain privacy provisions that differ from the provisions of our Privacy Policy. To ensure your privacy is protected, we recommend that you review the privacy statements of other Internet sites you visit.

Our Privacy Notice

Sage maintains physical, electronic, and procedural safeguards that comply with federal standards to protect its clients’ nonpublic personal information (“information”). Through this Policy and its underlying procedures, Sage attempts to secure the confidentiality of client records and information and protect against anticipated threats or hazards to the security or integrity of client records and information.

It is the policy of Sage to restrict access to all current and former clients’ information (i.e., information and records pertaining to personal background, investment objectives, financial situation, tax information/returns, investment holdings, account numbers, account balances, etc.) to those employees and affiliated/nonaffiliated entities who need to know that information in order to provide products or services in furtherance of the client’s engagement of Sage.

In that regard, Sage may disclose the client’s information: (1) to individuals and/or entities not affiliated with Sage, including, but not limited to the client’s other professional advisors and/or certain service providers that may be recommended or engaged by Sage in furtherance of the client’s engagement of Sage (i.e., attorney, accountant, insurance agent, broker-dealer, investment advisor, account custodian, record keeper, etc.); (2) required to do so by judicial or regulatory process; or (3) otherwise permitted to do so in accordance with the parameters of applicable federal and/or state privacy regulations.

The disclosure of information contained in any document completed by the client for processing and/or transmittal by Sage to facilitate the commencement/continuation/termination of a business relationship between the client and/or between Sage and a nonaffiliated third party service provider (i.e., broker-dealer, investment advisor, account custodian, record keeper, insurance company, etc.), including, but not limited to, information contained in any document completed and/or executed by the client in furtherance of the client’s engagement of Sage (i.e., advisory agreement, client information form, etc.), shall be deemed as having been automatically authorized by the client with respect to the corresponding nonaffiliated third party service provider.

Sage permits only authorized employees and affiliates who have signed a copy of Sage’s Privacy Policy to have access to client information. Employees violating Sage’s Privacy Policy will be subject to Sage’s disciplinary process. Additionally, whenever Sage hires other organizations to provide services to Sage’s clients, Sage will require them to sign confidentiality agreements and/or the Privacy Policy.

Amendment and Contact Information

From time to time, we may update, modify or change this Policy. When this occurs, our new Policy will be posted on this Site. We urge you to check this Site periodically to review the most recent Privacy Policy. Should you have any questions about this Policy, please contact John Sion, Chief Compliance Officer, at JSion@sagefinancial.com.

Amended and Effective: This Policy took effect on February 15, 2014.

Website Disclaimer

Terms and Conditions

Welcome to http://sagefinancial.com/. The information offered by Sage Financial Group (“Sage”), on this website (the “Site”) is subject to certain terms and conditions (the “Terms and Conditions”). These Terms and Conditions apply to all users. By entering the Site or by transmitting any information to the Site you acknowledge and agree to all of the Terms and Conditions. Please read them carefully. If you do not agree to the Terms and Conditions, please do not use the Site. Any use of the Site in a manner inconsistent with these Terms and Conditions is deemed unauthorized access and may subject the user to civil or criminal penalties. We reserve the right to revise these Terms and Conditions at any time and for any reason, without notice or obligation, by updating this posting. Your continued use of the Site following the posting of any changes to the Terms and Conditions will mean that you accept such amendments. We strongly recommend that you periodically visit this page of the Site to review the Terms and Conditions.

Use of Website

This Site is limited to the dissemination of general information pertaining to Sage’s advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Sage’s Site on the Internet should not be construed by any consumer and/or prospective client as Sage’s solicitation to affect, or attempt to affect, transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Sage with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

Sage 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 Sage’s Site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Restricted Use of Site Materials

Sage grants you a limited license to access and make use of the Site. For your personal use only, you may print copies of the information from the Site and you may store information from the Site on your own computer. You may not modify the Site, or any portion thereof, for any reason. Any unauthorized use terminates the permission or limited license granted by Sage. Sage reserves all other rights.

Registration Status

Sage Financial Group (“Sage”), located in West Conshohocken, Pennsylvania, is an investment advisor registered with the U.S. Securities and Exchange Commission (“SEC”). Registration as an investment advisor does not imply a certain level of skill or training. Sage and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisors by those states in which Sage maintains clients. Sage may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.

For information pertaining to the registration status of Sage, please contact the SEC or the state securities regulators for those states in which Sage maintains a notice filing. A copy of Sage’s current written disclosure statement discussing Sage’s business operations, services, and fees is available from Sage upon written request.

Not Investment Advice

Certain portions of Sage’s Site (i.e., newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Sage’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 Sage or from any other investment professional. Sage is neither an attorney nor an accountant. No portion of the content on this Site should be interpreted as legal, accounting or tax advice.

Use of Third Party Rankings

Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Sage is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Sage by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor. Rankings do not represent statements of any Sage client and do not describe any experience with or endorsement of Sage as an investment advisor by any such client.

Linking, Posting and Transmitting

Although Sage provides the information accessible on the Site for your personal, non-commercial use, Sage retains all property rights, including, without limitation, property rights under U.S. and international copyright law, to all such information. Without the prior express written permission of Sage or as set forth under “Restricted Use of Site Materials” above, you MAY NOT do any of the following: (A) hyperlink to the Site, whether to its homepage or to an interior page; (B) include information from the Site on another site, on a server computer, or in documents; (C) modify or re-use the information from the Site; or (D) transmit any commands, codes or information to the Site, with the exception of those commands necessary to view the Site. Sage reserves all other rights.

Although Sage, or other parties involved in creating, producing, or delivering the Site, may monitor or review any transmissions to the Site or to Sage personnel, Sage and such other parties assume no responsibility or liability that may arise from the content thereof, including, without limitation, claims for defamation, libel, slander, obscenity, pornography, profanity, or misrepresentation.

Although the Site may be linked to other sites upon express written permission from Sage, Sage is not, directly or indirectly, implying any approval, association, sponsorship, endorsement, or affiliation with the linked site, unless specifically stated therein. By entering the Site you acknowledge and agree that Sage has not reviewed all the sites that may be linked to the Site and is not responsible for the content of any off-site pages or any other site linked to the Site. Such third party may have a privacy policy different from that of Sage, and the third party Site may provide less security than the Sage Site. You acknowledge and agree that when you follow links to pages not maintained on the Site, you do so at your own risk.

Indemnification

Each client and prospective client agrees, as a condition precedent to his/her/its access to Sage’s Site, to release and hold harmless Sage, its officers, directors, owners, 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 Sage.