Firm Description Brown Financial Advisors, LLC, (“BFA”) was founded in 2008. Gregory Allen Brown is 100% owner. BFA is a fee-based financial planning firm. The firm does not sell annuities, insurance, stocks, bonds, funds, limited partnerships, or other commissioned products and the firm’s Managing Member is affiliated with an entity that sells financial insurance products, known as Brown Insurance & Tax Advisors. An evaluation of each client's initial situation is provided to the client, often in the form of a holdings summary and risk analysis. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. Other professionals (e.g., Lawyers, Accountants, Insurance Agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. Types of Advisory Services Asset Management Services BFA has also entered into a Co-Advisor relationship with Gradient Investments, LLC (GI). BFA will provide information to each client regarding the services offered by GI as the portfolio manager. BFA will assist the Client to determine the appropriate model selection based on the Client’s investment objectives and risk tolerance. BFA will have full discretion on an ongoing basis to select suitable models to maintain client’s risk tolerance. BFA will share in the management fees charged by GI as described in Item 5 of this brochure. Financial Planning and Consulting If financial planning services are applicable, the client may choose to compensate BFA on a negotiable fixed fee basis or hourly basis

described in detail under “Fees and Compensation” section of this brochure. Services include but are not limited to a thorough review of all applicable topics including Wills, Estate Plan/Trusts, Investments, Taxes, and Insurance, and such services may not constitute, treated or billed as financial plan. A conflict of interest exists between the interests of the investment advisor and the interests of the client. The client is under no obligation to act upon the investment advisor’s recommendation. If the client elects to act on any of the recommendations, the client is under no obligation to effect the transaction through BFA. Any ffinancial plans, if applicable, will be completed and delivered inside of ninety (90) days. Clients may terminate advisory services with thirty (30) days written notice. Solicitor Arrangements BFA has legacy clients where BFA acted as a solicitor for Gradient Investments, LLC. Any new clients placed with Gradient Investments, LLC will be through the Co-Advisor relationship described above. Client Tailored Services and Client Imposed Restrictions The goals and objectives for each client are documented in our client files. Investment strategies are created that reflect the stated goals and objective. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. Wrap Fee Programs BFA does not sponsor or manage a wrap fee programs. Client Assets under Management BFA has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $244,889,450 $0 December 31, 2023