Firm Description Three Bearings Fiduciary Advisors, Inc., (“Three Bearings,” “the Company,” “the Firm” or “we”) was founded in 2016. The company changed its name from Bearing Point Wealth Partners to Three Bearings Fiduciary Advisors in October 2019. We provide personalized, confidential financial planning and investment management to individuals, high net worth individuals, trusts, estates, charitable organizations, municipalities, and small businesses. We provide advice, through consultations with our clients, which may include determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Three Bearings does not provide legal advice. To the extent that a client requires legal services related to estate planning, such as drafting of trusts or other estate planning documents, consultation with a qualified attorney is always recommended. Three Bearings Fiduciary Advisors is strictly a fee-only financial planning and investment management firm. We do not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products and are not affiliated with entities that sell financial products or securities. We do not accept commissions in any form nor do we accept finder’s fees. We provide investment advice to clients who frequently delegate the authority to place trades for them without prior consultation. We also work with clients who retain the final decision on investment selection, in which case no transaction will be executed without the client's approval. Three Bearings does not act as a custodian of your securities. Your investment accounts are always held by an independent custodian whom you chose. Three Bearings places trades for clients under a limited power of attorney. Client investment strategies are based on your individual needs and objectives as determined during our consultations. You may change these objectives at any time. We will provide you with an evaluation of your initial situation, often in the form of a net worth statement, financial plan, or portfolio statement. We communicate the results of periodic reviews to remind you of specific action items which you need to address. Although we conduct more frequent reviews, we do not necessarily contact you unless we recommend immediate changes. On an as-needed basis, we may recommend that you directly engage the services of other professionals such as lawyers, accountants, and insurance agents. While we are currently unaware of any conflicts related to such recommendations, should a conflict of interest arise we will disclose this to you. We consider the initial meeting, which may be by telephone, to be an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to you. This initial meeting is free of charge. Principal Owners David T. Mayes is the sole shareholder of Three Bearings Fiduciary Advisors, Inc. Types of Advisory Services Three Bearings provides investment supervisory services, also known as asset management services, and furnishes investment advice through consultations. On more than an occasional basis, we furnish advice to clients on matters not involving securities including, but not limited to, the articulation of financial goals, tax-management strategies, insurance-related issues, funding higher education expenses, intra-family and charitable gifting, and formulation of an estate plan. Client relationships vary in scope and length of service. Tailored Relationships Financial planning and investment recommendations are designed to be specific to your unique goals and circumstances using all available information. Tailored advice is achieved, in part, by documenting your goals and objectives in our client relationship management system and financial planning software, and through creation of investment policy statements that reflect your specific investment objectives. You may impose restrictions on investing in certain securities or types of securities. Assets Under Management As of December 31, 2023, Three Bearings Fiduciary Advisors had approximately $287 million in assets under supervision including $270 million of assets under management on a discretionary basis. Types of Agreements Three Bearings uses several types of client agreements to accommodate the wide array of client services offered. Agreements may not be assigned without your consent. The conditions for each type of relationship and the associated fees are explained in the following sections. Comprehensive Financial Agreement A Comprehensive Financial Agreement is an ongoing engagement designed to review and monitor all aspects of your financial affairs so that realistic and measurable goals can be set and strategies devised to help reach those goals. As goals and objectives change over time, new strategies are reviewed and implemented. Services provided typically include guidance on cash flow management; a review of insurance coverages; investment management (including performance reporting); education planning; retirement planning; estate planning; and advice on income, estate, and trust tax issues, as well as assistance with the implementation of recommendations within each area. As an integral part of the Comprehensive Financial Agreement we perform tax preparation work. We file eligible federal and applicable state returns electronically without an additional fee. Before starting a relationship with a client, we state, in writing, the scope of work and fee for a Comprehensive Financial Agreement. The annual Comprehensive Financial Agreement fee is based on a percentage of the investable assets according to the following schedule: 1.75% on the first $200,000; 1.50% on the next $300,000 (from 200,001 to 500,000); 1.00% on the next $500,000 (from 500,001 to 1,000,000); and 0.50% on the assets above $1,000,000. The minimum annual fee is $3,500. Client relationships may exist where the fees are higher or lower than the fee schedule

above. Fees are billed quarterly, in arrears. Payment in full is due upon invoice presentation. For convenience, you may direct that fees be deducted from a designated managed account or accounts. The length of service to you under a Comprehensive Financial Agreement is at your discretion. You may terminate the agreement at any time. Hourly Financial Planning Agreement Hourly Financial Planning Agreements are appropriate if your needs are more limited in scope and you desire to implement recommendations without our ongoing support. Under this type of relationship, we design a financial plan to help you with a variety of personal financial matters. The financial plan may include a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Investment advice and specific recommendations are generally provided as an integral part of a financial plan. Implementation of the recommendations is at your discretion. The fee for a financial plan and related recommendations is based on the facts known at the start of the engagement and is priced based on an hourly rate of $300. The total cost will vary with the degree of complexity associated with your situation. The typical fee range for an hourly financial planning engagement is $1,200 - $3,600. An estimate of the total cost is provided at the end of a complimentary initial meeting. Retainer Agreement In some circumstances, a Retainer Agreement is executed instead of a Comprehensive Financial Agreement when it is more appropriate to work on a fixed-fee basis. Retainer Agreements are priced based on the complexity of the work, especially when asset management is not the most significant part of the relationship. You determine whether tax preparation is included in the Retainer Agreement. A Retainer Agreement is an ongoing agreement. There is no minimum annual fee for a Retainer Agreement. The length of service to you is at your discretion. Non-Profit Investment Management Agreement A Non-Profit Investment Management Agreement is executed when the firm provides investment management and consulting services to qualified 501(c)(3) charities and other non-profit entities. The annual fee under this agreement is based on a percentage of assets as follows: 0.50% on the first $5,000,000; 0.40% on the next $5,000,000 (from 5,000,001 to 10,000,000); 0.30% on the next $5,000,000 (from 10,000,001 to 15,000,000); and 0.20% on the assets above $15,000,000. Non-Profit Investment Management Agreements are ongoing agreements. The length of service to you is at your discretion. Municipal Investment Management Agreement Trustees of trust funds and library trustees in New Hampshire execute a Municipal Investment Management Agreement for investment management and bookkeeping services. The annual fee is based on a percentage of assets as follows: 0.50% on the first $2,000,000; 0.35% on the next $3,000,000 (from 2,000,001 to 5,000,000); 0.20% on the next $5,000,000 (from 5,000,001 to 10,000,000); and 0.05% on the assets above $10,000,000. Bookkeeping services are provided as part of the Agreement. A Municipal Investment Management Agreement is an ongoing agreement. The length of service to you is at your discretion. Towns and libraries with less than $200,000 of trust funds and capital reserve funds (combined) assets are charged a fixed bookkeeping fee of $1,000 per year, which includes asset management and bookkeeping services. This fixed fee may be reduced at the Company's discretion. We may also waive investment management fees on new municipal capital reserve fund accounts at our discretion. Tax Preparation Agreement We charge an hourly rate of $150 for tax preparation work performed separately from a Comprehensive Financial Agreement or a Retainer Agreement. Electronic filing of all eligible federal and applicable state returns is included without an additional fee. Asset Management Client investment strategies are implemented primarily using no-load mutual funds and exchange-traded funds (ETFs) through a qualified custodian. Mutual Fund and ETF companies charge each fund shareholder an investment management fee that is disclosed in the fund prospectus. In addition, qualified custodians may charge a transaction fee for the purchase of such securities. We may also purchase or sell individual stocks and bonds in your brokerage account at the qualified custodian where you have an account. The custodian charges a transaction fee for stock and bond trades. We do not receive any compensation in any form from custodians. While we will primarily use mutual funds and exchange-traded funds when implementing your investment strategy when we are managing your investment accounts, we may also provide advice regarding the use of other types of securities as part of your overall financial plan including individual stocks, warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, annuities (variable, fixed, fixed-indexed), U. S. government securities, options contracts, futures contracts, and interests in partnerships. Initial public offerings (IPOs) are not available through us. Termination of Agreement Three Bearings may terminate any of the agreements at any time by notifying you in writing. If you made an advance payment, any unearned portion of the advance payment will be refunded within ten days. You may terminate any agreement with us at any time by notifying us in writing, by phone, in person, or via email and paying the applicable fee for the time spent on the engagement before notification of termination. If you made an advance payment, any unearned portion of the advance payment will be refunded within ten days.