BOS Asset Management, LLC offers a variety of advisory services, which include financial planning, consulting, and investment management services. Prior to BOS Asset Management, LLC rendering any of the foregoing advisory services, clients are required to enter into one or more written agreements with BOS Asset Management, LLC setting forth the relevant terms and conditions of the advisory relationship (the “Advisory Agreement”). BOS Asset Management, LLC filed for registration as an investment adviser in November 2020 and is owned by the Bank of Springfield. As of December 2023, the Firm has $747,304,266 in assets under management, $643,391,479 are managed on a discretionary basis and $103,912,787 are managed on a non-discretionary basis. While this brochure generally describes the business of BOS Asset Management, LLC, certain sections also discuss the activities of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons occupying a similar status or performing similar functions), employees or other persons who provide investment advice on BOS Asset Management, LLC’s behalf and are subject to the Firm’s supervision or control. Financial Planning and Consulting Services BOS Asset Management, LLC offers clients a broad range of financial planning and consulting services, which include, but are not limited to, any or all of the following functions:
• Business Planning
• Insurance Planning
• Tax and Cash Flow Planning
• Retirement Planning
• Trust and Estate Planning
• Education Planning While each of these services is available on a stand-alone basis, certain of them can also be rendered in conjunction with investment portfolio management as part of a comprehensive wealth management engagement (described in more detail below). In performing these services, BOS Asset Management, LLC is not required to verify any information received from the client or from the client’s other professionals (e.g., attorneys, accountants, etc.,) and is expressly authorized to rely on such information. BOS Asset Management, LLC recommends certain clients engage the Firm for additional related services, its Supervised Persons in their individual capacities as insurance agents or registered representatives of a broker-dealer and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists for the Firm to recommend that clients engage BOS Asset Management, LLC or its affiliates to provide (or continue to provide) additional services for compensation, including investment management services. Clients retain absolute discretion over all decisions regarding implementation and are under no obligation to act upon any of the recommendations made by BOS Asset Management, LLC under a financial planning or consulting engagement. Clients are advised that it remains their responsibility to promptly notify the Firm of any change in their financial situation or investment objectives for the purpose of reviewing, evaluating or revising BOS Asset Management, LLC’s recommendations and/or services. Investment Management and Wealth Management Services BOS Asset Management, LLC manages client investment portfolios on a discretionary and a non- discretionary basis. In addition, BOS Asset Management, LLC provides individuals, and high net worth non-institutional clients (“HNW”) with wealth management services which include a broad range of financial planning and consulting services as well as discretionary and non-discretionary management of investment portfolios. BOS Asset Management, LLC primarily allocates individual and HNW client assets among various individual equity securities, mutual funds, and exchange-traded funds (“ETFs”), in accordance with their stated investment objectives. The Firm also allocates institutional client assets among individual debt securities. Where appropriate, the Firm also provides advice about any type of legacy position or other investment held in client portfolios, but clients should not assume that these assets are being continuously monitored or otherwise advised on by the Firm unless specifically agreed upon. Clients can engage BOS Asset Management, LLC to manage and/or advise on certain investment products that are not maintained at their primary custodian, such as variable life insurance and annuity contracts and assets held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these

situations, BOS Asset Management, LLC directs or recommends the allocation of client assets among the various investment options available with the product. These assets are generally maintained at the underwriting insurance company, or the custodian designated by the product’s provider. BOS Asset Management, LLC tailors its advisory services to meet the needs of its individual clients and seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives. BOS Asset Management, LLC consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time horizon, liquidity constraints and other related factors relevant to the management of their portfolios. Clients are advised to promptly notify BOS Asset Management, LLC if there are changes in their financial situation or if they wish to place any limitations on the management of their portfolios. Clients can impose reasonable restrictions or mandates on the management of their accounts if BOS Asset Management, LLC determines, in its sole discretion, the conditions would not materially impact the performance of a management strategy or prove overly burdensome to the Firm’s management efforts. Selection of Other Advisors BOS Asset Management, LLC may direct clients to third party investment advisers. Before selecting other advisers for clients, BOS Asset Management, LLC will verify that all recommended advisers are properly licensed, notice filed, or exempt in the states where BOS Asset Management, LLC is recommending the adviser to clients. Subadvisor Services BOS Asset Management, LLC utilizes the services of unaffiliated subadvisors and/or third-party asset managers for some of BOS Asset Management’s clients’ assets. BOS Asset Management specifically utilizes Alliance Bernstein as a subadvisor for its municipal bond portfolio. Investment advice, trading of securities, and billing for these services will be offered by or through the chosen subadvisor or third- party asset manager. Alliance Bernstein’s fees will be charged on top of BOS Asset Management’s management fees. Orion Communities and Strategists BOS Asset Management, LLC has a subscription agreement with Orion Communities for access to its model strategies and strategists. Orion’s strategist team communicates trades made within their portfolio, and the advisor team effects all transactions. BOS Asset Management’s clients are not charged any portion of the subscription fee and client fees will not increase from our standard investment management fee schedule. Sponsor and Manager of Wrap Program BOS Asset Management, LLC provides substantially all investment management services as the sponsor and manager of the BOS Asset Management, LLC Wrap Program (the “Wrap Program”), a wrap fee program (i.e., an arrangement where certain brokerage commissions and transaction costs are absorbed by the Firm). Accounts managed through the Wrap Program are done so in substantially the same manner as those managed under a non-wrap arrangement. Participants in the Wrap Program may pay a higher or lower aggregate fee than if investment management and brokerage services are purchased separately. Additional information about the Wrap Program is available in BOS Asset Management, LLC’s Wrap Brochure, which appears as Part 2A Appendix 1 of the Firm’s Form ADV (the “Wrap Brochure”). Retirement Plan Consulting Services BOS Asset Management, LLC provides various consulting services to qualified employee benefit plans and their fiduciaries. This suite of institutional services is designed to assist plan sponsors in structuring, managing and optimizing their corporate retirement plans. Each engagement is individually negotiated and customized, and includes any or all of the following services:
• Plan Design and Strategy
• Plan Fee and Cost Analysis
• Plan Review and Evaluation
• Plan Committee Consultation
• Executive Planning & Benefits
• Fiduciary and Compliance
• Investment Selection
• Participant Education As disclosed in the Advisory Agreement, certain of the foregoing services are provided by BOS Asset Management, LLC as a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), each plan sponsor is provided with a written description of BOS Asset Management, LLC’s fiduciary status, the specific services to be rendered and all direct and indirect compensation the Firm reasonably expects under the engagement.