Registration Status – Registered with the U.S. Securities & Exchange Commission April 20201 Registered with the State of California on March 12, 2007 Principal Owner – Embarcadero Financial Group, an S. Corporation, David J. Rockman, Shareholder Assets Under Management - Discretionary Assets – $148,273,679 (as of December 31, 2023) Non-discretionary Assets – $2,236,338 ADVISORY SERVICES Embarcadero Financial Investment Advisory, LLC, (“EFIA”) formerly Embarcadero Financial Group, provides investment supervisory services, financial planning and implementation services to individuals, institutions, corporations and other business entities. The Firm’s professional services include pension or profit-sharing plan advice, business continuity and succession planning, estate planning, and general financial planning. EFIA provides planning and investment supervisory services regarding exchange listed and over-the-counter securities, warrants, commercial paper, corporate debt securities, option contracts on securities, certificates of deposit, municipal securities, variable life insurance, variable annuities, mutual fund shares, and US government securities. A significant portion of the work provided by EFIA is referred to as financial planning. The delivery of financial planning advice can be related to the above-mentioned securities, but also maybe of a non-securities nature. Financial planning advice may relate to general corporate, estate or family planning. Additionally, through its financial planning professionals, EFIA provides comprehensive business succession planning to independently owned business and family enterprises. The succession planning team evaluates current ownership structures, family generational structure, current estate plan components, retirement needs, current and projected cash flow, and current assets and investments, among other factors, to develop an appropriate and detailed succession plan that establishes the timing, method and process for transferring ownership. The investment management services we provide are based on each individual client’s financial circumstances and investment objectives. Our portfolio manager meets with each client to discuss the client’s current financial condition and to review the client’s current investment holdings. Based upon each client’s circumstances, we determine an appropriate asset allocation for the client’s investment portfolio, in accordance with the client’s specific financial objectives and risk tolerance and in consideration of other factors, including the client’s time horizon (education funding, home purchase, retirement, legacy planning), liquidity needs, and other available resources (including external retirement plans, projected Social Security, real estate, and insurance). Clients may identify any investment restrictions to be placed on their account.

1 “Registration” means only that the Firm meets the minimum requirements for registration as an investment advisor and does not imply a certain level of skill or training or that the U.S. Securities & Exchange Commission or any other federal or state regulator guarantees the quality of our services or recommends them. EFIA may suggest to its financial planning clients that they retain the Firm as their investment advisor to implement its financial planning recommendations and such suggestion may be viewed as a conflict of interest. Financial planning clients are advised that they are under no obligation to act on EFIA’s investment recommendations. Moreover, if a client elects to act on any of the recommendations, the client is under no obligation to effect the transactions through any investment advisor when such is licensed as a broker-dealer or through any associate or affiliate of such advisor that is employed as registered representative or sales agent with a licensed broker-dealer. Fiduciary Status When EFIA provides investment advice to you regarding your investment accounts, including your retirement plan account or individual retirement account, we are fiduciaries within the meaning of certain state and federal laws such as the Employee Retirement Income Security Act and/or the Internal Revenue Code and the regulations of the U.S. Securities and Exchange Commission, as applicable. These regulations require us to act in your best interest and not put our interests ahead of yours. The Firm does not sponsor nor does it provide portfolio management services to wrap fee programs offered by broker-dealers or others. TERMINATION OF AGREEMENT Clients may terminate the investment management agreement at any time, upon written notice to EFIA. The Firm does not assess any fees related to termination but will be entitled to all management fees earned up to the date of termination. Any earned fees owed to EFIA will be paid from the client’s account on a pro rata basis determined on the amount of time expired in the calendar quarter. Advisor may terminate the investment management agreement upon 30 days’ written notice to the client. Any unearned fees owed to the client will be refunded on a pro rata basis determined on the amount of time expired in the calendar quarter. If a copy of this Form ADV Part 2A disclosure statement was not delivered to the client prior to or simultaneous with a client entering into a written advisory contract with Advisor, then the client has the right to terminate the contract without penalty within five (5) business days after entering into the contract. For purposes of this provision, a contract is considered entered into when all parties to the contract have signed the contract. If the client terminates the contract on this basis, all fees paid by the client will be refunded. Any transaction costs imposed by an executing broker or custodian for establishing the account or for trades during those five days are non-refundable.