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KEVIN M. ERNDL

PRINCIPAL & CEO

Kevin serves as Principal & Chief Executive Officer of Gyroscope Capital Management and Senior Portfolio Manager for Capital Portfolios' Global Core Strategy.* Previously, Mr. Erndl was a Portfolio Manager for UBS and Morgan Stanley and was a research analyst at Vanguard’s Quantitative Equity Group. Mr. Erndl holds a Bachelor of Arts degree in Economics from the University of North Carolina at Chapel Hill with Academic All ACC and All ACC Honors.

*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.