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ALEX F. BOUTON

ANALYST & TRADER

Alex is an Analyst and Trader of Gyroscope Capital Management and Associate Portfolio Manager of Capital Portfolios.* Mr. Bouton holds a Bachelor of Science degree in Finance from the University of Tennessee at Chattanooga.

*Gyroscope Capital Management Group, LLC (“GCMG” or the “Firm”) is an investment advisory firm located in Naples, FL. GCMG is controlled by certain beneficial owners of CWA Asset Management Group, LLC d/b/a CWA Wealth Advisors (“CWA”), CWA Naples and CW Institutional d/b/a Capital Portfolios which creates a conflict of interest since the beneficial owners have financial incentives to recommend investment advisory services of GCMG. Clients will incur additional fees for services but are not obligated to conduct business with or implement investment recommendations received by GMCG or any affiliate of the Firm. For additional information, please refer to Gyroscope’s ADV Part 2A.