A. Description of the Advisory Firm Heritage Capital Advisors, LLC is a Limited Liability Company organized in the state of Colorado by Mr. David Moenning in 2013. It became a Registered Investment Advisor (RIA) in September 2020. Heritage Capital Advisors, LLC also does business as (DBA) Heritage Capital Research, LLC. B. Types of Advisory Services Heritage Capital Advisors, LLC (hereinafter “HERITAGE CAPITAL ADVISORS, LLC”) offers the following services to advisory clients: Investment Supervisory Services HERITAGE CAPITAL ADVISORS, LLC offers ongoing portfolio management services and institutional consulting services based on the individual goals, return/income, objectives, time horizon, tax status, liquidity needs and risk tolerance of each client. HERITAGE CAPITAL ADVISORS, LLC creates an Investment Plan for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels) and then constructs a strategy to aid in the selection of a portfolio that matches the client’s situation. Investment Supervisory Services include, but are not limited to, the following: • Investment strategy • Personal investment plan • Asset allocation • Client or portfolio consultation • Risk tolerance • Regular portfolio monitoring • Sector Selection HERITAGE CAPITAL ADVISORS, LLC will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are determined via communication with their clients. Selection of Investment Managers and Strategies We can direct clients to Heritage Capital Advisors, LLC for implementation of selected investment management portfolios and strategies. Services Limited to Specific Types of Investments HERITAGE CAPITAL ADVISORS, LLC generally limits its money management to mutual funds, individual equities, individual bonds, options, equity-linked CDs, structured notes, ETF/Ns and Leveraged ETF/Ns. Sub-Advisor Services HERITAGE CAPITAL ADVISORS, LLC may also use and/or act as a sub-advisor to advisors unaffiliated with HERITAGE CAPITAL ADVISORS, LLC. These third-party advisors would outsource portfolio management and/or portfolio strategist services to HERITAGE CAPITAL ADVISORS, LLC. This relationship will be memorialized in each contract between HERITAGE CAPITAL ADVISORS, LLC and the third-party advisor. Consultation Services HERITAGE CAPITAL ADVISORS, LLC’S investment management services may include the analysis of a client’s situation and assistance in identifying

and implementing appropriate investment management techniques to help meet specific financial objectives. HERITAGE CAPITAL ADVISORS, LLC’S consulting services may include many services including but not limited to: existing portfolio evaluation, income planning strategies, debt analysis, and cash flow. In performing these services, HERITAGE CAPITAL ADVISORS, LLC is not required to verify any information received from client or from the client’s other professionals (e.g. attorneys, accountants, etc.) and is expressly authorized to rely on such information. HERITAGE CAPITAL ADVISORS, LLC may recommend clients, engage the Firm for additional related services. Clients are advised that a conflict of interest exists if clients engage HERITAGE CAPITAL ADVISORS, LLC to provide additional services for compensation. Clients retain absolute discretion over all decisions regarding implementation and are under no obligation to act upon any of the recommendations made by HERITAGE CAPITAL ADVISORS, LLC under a consulting engagement. C. Client Tailored Services and Client Imposed Restrictions HERITAGE CAPITAL ADVISORS, LLC offers a similar suite of services to all of its clients. However, specific client financial plans and their implementation are dependent upon Heritage Capital Advisors, LLC and client’s investment outlook which takes into account each client’s situation as described in the Investment Supervisory Services under Item 4. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent HERITAGE CAPITAL ADVISORS, LLC from properly servicing the client account, or if the restrictions would require HERITAGE CAPITAL ADVISORS, LLC to deviate from its standard suite of services, HERITAGE CAPITAL ADVISORS, LLC reserves the right to review and/or end the relationship. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and any other administrative/platform fees. HERITAGE CAPITAL ADVISORS, LLC does not participate wrap fee programs. E. Amounts Under Management and Advisement HERITAGE CAPITAL ADVISORS, LLC has the following approximate assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $75.00 $0 December 2023 HERITAGE CAPITAL ADVISORS, LLC has the following approximate assets under advisement: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $120,000,000.00 $0 December 2023