Firm Description FSB Premier Wealth Management, Inc. (“FSB Premier”, “the Firm”, “we”, “us”) is wholly owned by FSB Financial Services, Inc., a financial services holding company which also owns and operates Farmers State Bank. FSB Premier has been in operation since 2009 following the purchase of a predecessor firm which had been operating since 1986. As a registered investment adviser subject to Section 206 of the Investment Advisers Act of 1940, FSB Premier acts as a fiduciary in the conduct of its investment advisory services. As such, FSB Premier has an obligation to act in the best interest of its clients, guided by its core fiduciary duties of loyalty and care. Types of advisory services offered FSB Premier provides the following advisory services:
• Portfolio Management
• Financial Planning
• Consulting Services, and
• ERISA Fee-Based Plan Sponsor Program Portfolio Management INVESTMENTS AND INSURANCE PRODUCTS ARE NOT FDIC INSURED, HAVE NO BANK GUARANTEE, AND MAY LOSE VALUE. FSB Premier provides continuous and regular portfolio management services primarily on a discretionary basis. When providing portfolio management services, client accounts are held at an independent, third-party, qualified custodian (See Item 12 for additional information). FSB Premier’s portfolio management service attempts to include an appropriate allocation of stocks, bonds, mutual funds, Exchange-Traded Funds (ETFs), unit investment trusts, real estate investment trusts, and other investment products including cash. Tailored Portfolios Each portfolio is tailored to the client’s financial situation and investment objective(s). An FSB Premier investment adviser representative (hereinafter “financial advisor”) works closely with the client to identify and define specific goals and expectations. During the initial strategy session, the client is provided with a risk tolerance questionnaire and asked to answer the questions truthfully. Once completed, the client and financial advisor review the results of the questionnaire and discuss the client’s financial situation, investment objective(s), time horizon, and risk tolerance. Additionally, the financial advisor helps the client determine whether the client wishes to impose any limitations or restrictions on securities that may be held in the account. The financial advisor will then recommend a portfolio that is appropriate based on the client’s needs. Financial Planning Financial planning typically involves providing a variety of services to individuals or families regarding the management of their financial resources based upon an analysis of their individual needs. The information provided as part of this service would normally cover present and anticipated assets and liabilities, including insurance, savings, investments, and retirement or other employee benefits. Traditional financial planning involves meeting with you to determine your financial goals and objectives. We then develop and deliver to you a written financial plan, including recommendations. It is up to you to determine how to implement the recommendations, whether through our firm, another firm, or independently. A financial planning relationship may be a one-time occurrence or of an ongoing nature. While FSB Premier financial advisors will not provide tax or legal advice, with your written or verbal permission, they may speak with your attorney and/or tax professional. FSB Premier may use various computer software tools to assist in creating the financial plan. Financial plans may consist of:
• Financial Position – This type of review typically involves reviewing your net worth, cash flow, budget, debt, and investment accounts.
• Retirement Planning – Retirement planning typically consists of analyzing your retirement needs and current retirement assets.
• Insurance/Risk Analysis – This involves review of your current or expected insurance needs.
• Education Planning – This type of review typically analyzes the amount of money you are saving for education expenses relative to anticipated needs.
• Tax Efficient Investing Strategies – Your financial advisor may assist you in designing a strategy to maximize the tax efficiency of your investment portfolio.
• Estate Planning Analysis – Note: While FSB Premier will not provide legal advice, we will perform a review of your account registrations as well as beneficiaries on your various investment and insurance accounts. Additionally, we may verify with you the existence of common estate planning documents, such as wills, trusts, and powers of attorney. Advice Provided The financial plan will provide you with recommendations and advice tailored to your specific financial goals, objectives, and situation. You are under no obligation to act on the advice that is given to you. If you choose to act on any of the advice given to you, you are under no obligation to open any accounts with us, and you may open accounts with firms that are not affiliated with us. Delivering the Plan Your financial advisor will deliver and explain the financial plan or a letter summarizing the advice that is being provided to you. Consulting Services Consulting services, while similar to traditional financial planning, provide you with additional options for receiving advice. This may include education and advice on your retirement accounts that fall under the Employee Retirement Income Security Act (ERISA) and that are held with firms other than FSB Premier. An example of this type of account is an employer sponsored 401(k) plan. In this scenario, FSB Premier will act as a 3(21) Fiduciary, meaning that FSB Premier is required to be prudent and act in your best interest when making recommendations and providing advice. Implementation of this advice will be your responsibility. Consulting Services Term The term of the consulting agreement will be mutually agreed upon by you and your financial advisor. Advice Provided The consulting services your financial advisor provides will include recommendations and advice tailored to your specific financial goals, objectives and situation. You are under no obligation to act on the advice that is given to you. If you choose to act on any of the advice given to you, you are under no obligation to open any accounts with us, and you may open accounts with firms that are not affiliated with us. IRA Rollover Recommendations Effective December 20, 2021, for purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”) where

applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. ERISA Fee-Based Plan Sponsor Program Retirement plans subject to the Employee Retirement Income Security Act of 1974 may retain FSB Premier to provide advisory and consulting services to your retirement plan. In providing these services, FSB Premier may act as a fiduciary as defined under Section 3(21)A(ii) of ERISA, but will serve in such capacity only with respect to the provision of ERISA-defined investment advice. Advisory services may consist of:
• Reviewing or Assisting in the Establishment of Investment Policies and Objectives
• Preparation of Investment Policy Statement
• Investment Recommendations
• Investment Manager Recommendations
• Investment Monitoring
• Selection of Qualified Default Investment Alternative Your financial advisor can assist in coordinating the implementation of any advisory recommendations, including referral to other professionals. However, the decision to implement any recommendation rests exclusively with the Plan and its fiduciaries, and there is no obligation to implement any such recommendation through FSB Premier. Consulting services may consist of:
• Education Services to Fiduciary Committee
• Performance Reports
• Fee Monitoring
• Participant Education Services
• Service Provider Recommendations In performing consulting services, the financial advisor and the Firm are acting solely as an agent and at Plan’s direction and not as a fiduciary of the Plan. Excluded services not offered as part of the ERISA Fee Based Plan Sponsor Program:
• Custody– Taking custody or possession of any Plan assets, ensuring that contributions by the Plan or from participants are timely deposited with the trustee or custodian for the Plan.
• Trade Execution – Executing orders for trades or securities transactions with respect to the Plan’s assets.
• Employer Stock Fund– Providing advice regarding the prudence of Plan investments in any employer stock.
• Brokerage Window – Providing guidance to participants concerning investments through any brokerage account window under the Plan.
• Proxies – Rendering advice on, or taking action with respect to, the voting of proxies solicited on behalf of securities held in trust by the Plan, or the exercise of similar shareholder rights regarding such securities. Discretionary Plan Administration – Interpreting the Plan, determining eligibility under the Plan, distributing Plan assets to pay benefits or expenses, determining benefit claim, or making any other discretionary decisions with respect to the administration of the Plan.
• Legal or Tax Advice – Reviewing or amending Plan documents for compliance with changes in tax qualification requirements, or providing legal or tax advice on matters relating to the Plan, including advising on whether Plan investments will result in unrelated business taxable income.
• Participant Advice – Furnishing any fiduciary “investment advice” within the meaning of ERISA to participants relating to any participant-directed investments under the Plan. Any personal investment-related services provided by the Firm to individuals, including but not limited to individuals who are Plan participants, will be unrelated to any plan level Services.
• Regulatory Notices – Distributing summary plan descriptions, elections, and any other notices required by law to participants.
• Reports – Filing any governmental reports for the Plan or Client. Wrap Fee Programs FSB Premier does not participate directly or indirectly in any wrap fee programs. Assets Under Management As of 12/31/2023, FSB Premier Wealth Management, Inc. managed $293,732,584 on a discretionary basis and $0 on a non-discretionary basis. Investment Managers In some situations, FSB Premier recommends that its clients use independent Investment Managers to manage their assets based upon their investment objectives. The terms and conditions under which the client shall engage the Independent Manager are set forth in separate written agreements between: 1) The client and FSB Premier; and 2) The client and the designated Investment Managers. FSB Premier shall continue to render investment management services to the client by ongoing monitoring and review of account performance of the assets being managed by the Firm and the designated Independent Manager. Factors that FSB Premier considers when recommending an Independent Manager include the client’s stated investment objectives, the manager’s investment style, performance, reputation, financial strength, reporting, pricing, and research. When recommending or selecting an Investment Manager for a client, FSB Premier reviews information about the Independent Manager such as its written disclosure statement and/or materials supplied by the Investment Manager. Independent third parties may also be consulted, past performance and risk results to the extent available. In addition to this Brochure as provided by FSB Premier, clients will also receive the written disclosure statement of the designated Independent Manager. Certain Independent Managers may impose more restrictive account requirements and varying billing practices than FSB Premier. In such instances, FSB Premier may alter its corresponding account requirements and/or billing practices to accommodate those of the Independent Manager.