Eagle Investment Advisors (Eagle) is an independent investment adviser registered with the state of Pennsylvania securities commission as of July 2, 2012. As of February 14, 2020, Eagle transitioned its registration to the Securities and Exchange Commission (SEC). Eagle Investment Advisors is a Pennsylvania Limited Liability Corporation owned by David L. Summers and Jay A. Painter. After having previously worked for the same investment advisory firm, Jay Painter and David Summers formed Eagle Investment Advisors, LLC in 2006. Eagle currently manages client assets as follows: Discretionary $120,518,690 and Non-Discretionary $10,186,943 as of December 31, 2022. Eagle Investment Advisors provides investment advisory services to individuals, retirement plans, trusts, estates, charitable organizations and corporations. The Eagle I.A. style is to provide unbiased investment advisory services with broad diversification across asset classes and investment vehicles, tailored to the individual client’s needs and objectives. Through personal discussions and or structured questionnaires, Eagle develops goals and objectives based upon a client’s investment time horizon and risk tolerance, as well as their circumstances and core financial-related values. Eagle will develop for the client a personal investment policy and asset allocation, and then create and manage a portfolio based on that policy. Eagle provides advice regarding a client’s specific financial concerns; for example, the ability to retire or a determination of the required portfolio allocation and design to meet goals and objectives. Eagle generally manages investment advisory accounts on a discretionary basis, but does allow for both non-discretionary accounts and for non-discretionary investments to be held in discretionary accounts on a limited basis. (An example of a non-discretionary investment held in a discretionary account would be an individual stock that the client has either asked us to purchase or has been transferred into the account.) Clients have the opportunity to restrict the types of investments which may be made on the client’s behalf. Eagle generally requires a minimum account size of $200,000 for Investment Advisory/Management accounts. Waivers or exceptions from minimum (account sizes) may be granted at the exclusive discretion of Eagle management. Eagle will allocate the client’s assets among various investments taking into consideration

the overall management style selected by the client and Eagle Investment Advisors. Mutual funds may be selected on the basis of any or all of the following criteria: the fund’s performance history over the longer term; the industry sector in which the fund invests; the track record of the fund’s manager; the fund’s investment objectives; management style and philosophy; and management fee structure. Portfolio 5 Eagle Investment Advisors ADV Part 2 Brochure/ ID #09112023 weighting between funds and market sectors will be determined based upon each client’s individual needs and circumstances. When Eagle provides 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. As a fiduciary, we must provide advice in the “Best Interest” of the Retirement Investor; charge “reasonable” compensation for the services provided to you; and, not make misleading statements about investment transactions, compensation, and conflicts of interest. Eagle Investment Advisors does not use Wrap Fee Accounts which is when a brokerage house manages an investor's portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes fund of funds. When appropriate to meet the needs of the client, Eagle may recommend the use of margin transactions. Because this investment strategy involves a certain degree of additional risk, it will only be recommended when consistent with the client’s stated tolerance for risk. Clients also must meet the approved criteria of Raymond James Financial Service or the custodian/broker dealer. Eagle provides a Privacy Notice to each client at the time of engaging Eagle’s services, and annually thereafter or as provided by law. The Privacy Notice discloses the type of information Eagle collects regarding a client, any third party Eagle may share information with and safeguards over client privacy. Eagle does not sell or distribute in client information in any way. The custodian will also provide Privacy Notices.