Empirical Finance, LLC (“Empirical”) is a holding company that has 100% ownership of ETF Architect (Empowered Funds, LLC) and Alpha Architect (Alpha Architect, LLC). ETF Architect is focused on providing advisory services to ETFs; Alpha Architect is focused on intellectual property development and managing SMAs.

Wesley R. Gray (majority owner), John “Jack” Vogel, Patrick Cleary, Ryan Kirlin, and Dave Babulak are equity owners of Empirical.