RAM Financial LLC · July 2026 · Download PDF

RAM FINANCIAL LLC (“RAM” or the “Firm”) is registered with the Securities and Exchange Commission (“SEC”) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and Securities Investor Protection Corporation (“SIPC”). Brokerage and investment advisory services and fees differ, and it is important for you to understand the differences. This Client Relationship Summary provides details about our brokerage services, fees, and other important information. Free and simple tools are available for investors to research firms and financial professionals at Investor.gov/CRS. Here, you can also find educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

RAM offers brokerage services to retail, institutional and accredited investors. Currently the Firm clears its business on a fully disclosed basis with its clearing agent, Apex. The Firm is approved for the following business lines: Equities listed/OTC, Options and Index Options; all of which are traded on the Firm’s trading platform. Equities may be traded during the regular market session and during pre-market and after-hours extended sessions. The Firm and its registered representatives do not make recommendations to its customers.

• The Firm maintains its customer accounts through its fully disclosed clearing arrangement with its clearing agent, Apex. The Firm does not monitor any of its customers’ investments. Representatives will discuss overall customer objectives and customers can ask representatives to discuss and explain any transaction they may engage in with the Firm.

• The client makes all investment decisions.

• Extended Hours Trading. The Firm offers pre-market and after-hours trading in equities. Extended hours trading involves risks that do not apply during regular market hours, including lower liquidity, higher volatility, wider spreads, and prices that may differ materially from regular session prices. Not all securities and order types are available, and orders may be routed to a limited number of venues. You must review and acknowledge the Firm’s Extended Hours Trading Risk Disclosure before placing your first extended hours order. The Firm does not recommend or monitor extended hours activity.

• The Firm does not sell proprietary investment products.

• The Firm does not require a minimum investment amount, and all investments are subject to the Firm’s suitability policy and the details of a particular transaction. Certain transactions may be subject to regulatory or product-specific eligibility requirements, but customers make their own investment decisions.

For additional information on products that the firm offers, please visit our website: www.aries.com

Conversation starters — ask your financial professional these questions to learn more:

• Given my financial situation, should I choose a brokerage 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?

Fees are paid to the Firm in several ways. The Firm generates income in the following ways:

• Margin Interest – If you trade on margin, interest will be charged on borrowed funds. Details on the costs and risks of margin trading can be found on our website.

• Short Selling Fees – When short selling, you must borrow shares before selling them. A fee is applied for borrowing the stock.

• Commissions & Contract Fees – Certain option products may be subject to commissions or per-contract fees.

• Extended Hours Routing Fees – Orders placed during the pre-market or after-hours sessions are routed to alternative trading systems or electronic communication networks and may be subject to additional per-share or per-order fees.

• Regulatory & Exchange Fees – Regulatory bodies such as the SEC, self-regulatory organizations, and exchanges impose fees that may be passed on to you based on your trading activity.

• Account Transfer Fees – Transferring an account to another brokerage typically incurs an industry-standard fee.

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.

The list above is not exhaustive and fees may vary based on your account type. For a full breakdown of applicable fees, please visit www.aries.com/pricing.

Conversation starter

• 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 providing recommendations? How else does your firm make money and what conflicts of interest do you have?

Ram does not provide recommendations, however, representatives may explain products, order types, account features and trading mechanics, but they do not recommend securities, investment strategies or whether you should enter into a transaction. Ram Financial predominantly makes its money from payment for order flow on your self-directed trading, interest on overnight cash balances held in your account, and interest charged when we lend you funds for margin trading.

The way we make money may conflict with your interests. You should understand and ask us about these conflicts because they can affect the services we provide you. Some examples:

• Margin: RAM earns interest when a customer borrows money on margin, creating an incentive for customers to maintain debit balances.

• Payment for order flow: RAM receives a share of payment for order flow through Apex for equity, ETF and stock or ETF option orders. This creates a financial incentive regarding where orders are routed.

Ram Financial mitigates its conflicts by applying controls and supervising its processes and employees. The Firm’s registered representatives are not paid based on your transactions.

Conversation starter

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

How do your financial professionals make money?

Our financial professionals receive a salary and may receive a discretionary performance bonus based on factors such as customer service, firm performance, account growth. This may create an incentive to prioritize activities that improve those performance measures. Financial professionals are not paid commissions based on individual customer transactions.

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

No.

You can visit Investor.gov/CRS for a free and simple search tool to research our firm and financial professionals.

Conversation starters

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

• Who is my primary contact person? Is he or she a representative of an investment adviser or broker-dealer? Who can I talk to if I have concerns about how this person is treating me?

Additional information

For additional information about RAM Financial LLC’s brokerage services and to request an up-to-date copy of this relationship summary, visit aries.com/legal/form-crs or call 650-267-8222. You may also email support@aries.com.