A. Firm Information H. L. Ormond & Company, LLC (“HLO” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”). The Advisor is organized as a limited liability company (“LLC”) under the laws of the State of North Carolina. HLO was founded in July 2010 and became a registered investment advisor in April 2021. HLO is owned and operated by Herbert L. Ormond, III (President & Chief Investment Officer). This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by HLO. For information regarding this Disclosure Brochure, please contact Sharon R. Dew (Chief Compliance Officer) at (252) 756-4010. B. Advisory Services Offered HLO offers investment advisory services to individuals, high net worth individuals, trusts, estates, charitable organizations, retirement plans, and businesses (each referred to as a “Client”). Prior to engaging HLO to provide investment advisory services, each Client is required to enter into an advisory agreement with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor and the Client. HLO provides customized investment advisory solutions for its Clients. This is achieved through ongoing personal Client contact and interaction while providing discretionary and non-discretionary investment management services. HLO works closely with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to develop a portfolio strategy. HLO’s investment strategies are typically long-term, diversified portfolios, with a bias towards equity investments which creates added risk / volatility in the short term. The investment philosophy employed by HLO is based on “Herb’s Three Rules of Equity Investing”: 1. Own quality. 2. Be diversified. 3. Invest in patience. HLO will construct the Client’s investment portfolio utilizing diversified mutual funds, exchange-traded funds (“ETFs”), individual stocks and/or individual bonds to achieve the Client’s investment goals. The Advisor may also utilize managed account strategies provided by other institutional money managers. In some instances, HLO may also utilize real estate investment trusts (“REITs”) and/or other types of investments, as appropriate, to meet the needs of the Client. The Advisor may retain certain types of investments based on a Client’s legacy investments based on portfolio fit and/or tax considerations. HLO’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or re-allocate positions that have been held for less than one year to meet the objectives of the Client or due to market conditions. HLO evaluates and selects investments for inclusion in Client portfolios only after applying its internal due diligence process. HLO may, on occasion, redistribute investment allocations to diversify the portfolio. HLO may utilize specific positions to increase sector or asset class weightings. HLO may employ cash positions as a possible hedge against market movement. HLO may sell positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. Each Client will have the opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor. HLO will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances, and risk tolerance agreed to by the Client. When constructing portfolios HLO will utilize one or multiple services from the models outlined below. HLO has broken its service models into three platforms: HLO Direct Platform, the AMS Managed Program or the Outside Manager Platform (OSM). Please refer to Item 5: Fees and Compensation for additional details. HLO Direct Platform If you participate in the Direct Platform, HLO will make all investment decisions and implement those instructions with your custodian. Your account will be invested primarily in mutual funds, exchange traded funds and individual bond holdings. HLO generally does not purchase individual equity securities in this platform unless directed to do so by you. Initial research is conducted in-house and HLO performs ongoing monitoring of each investment. HLO will monitor the account to ensure it continues to be consistent with your investment objectives. AMS Managed Programs HLO may use several wrap fee programs available through Raymond James & Associates (“RJA”). Specifically, HLO engages the Asset Management Division (“AMS”) division of RJA to provide discretionary investment management services as a sub-advisor. For certain AMS Managed Programs, RJA also retains an unaffiliated investment manager (“Manager”) as a sub- advisor to RJA. This Manager provides discretionary investment management of the Client’s portfolio through RJA, making the investment decisions and placing the trades in the Client’s account. HLO then monitors the Client’s account to ensure that the Program selected and the Manager RJA has provided on this platform continue to be consistent with the Client’s investment objective. The AMS Managed Programs available to our Clients through RJA are described below. Assets in these accounts will be invested and reinvested as RJA or the Manager deems in the Client’s best interest to achieve investment objectives identified by HLO, without regard to holding period, portfolio turnover or resulting gain or loss. If a participating Client informs HLO of a change in the Client’s financial situation or investment objectives, HLO assesses the continued appropriateness of the previously selected investment discipline(s) and makes changes as HLO deems appropriate. Similarly, if RJA changes its opinion of a Manager or investment discipline, RJA will ask HLO to select a new Manager or investment discipline for a participating Client. AMS Freedom Program The AMS Freedom Program allocates Client assets through mutual fund or exchange traded fund (“ETF”) management, based upon the Client’s investment objectives and risk tolerances. A participating Client appoints HLO as their investment advisor to select the appropriate investment strategy and to monitor performance on a continuing basis. RJA serves as sub-advisor to HLO for Freedom accounts and has discretionary authority over these accounts. As sub-advisor, RJA provides asset allocation investment strategies and respective target allocations, selects and monitors investments in the strategies, and rebalances Freedom accounts annually based on variance from the target allocation. In addition, RJA or its affiliates perform administrative and brokerage services for Freedom accounts. AMS Raymond James Consulting

Services Program For Clients participating in the Raymond James Consulting Services Program, HLO selects the appropriate investment discipline(s) to be followed for the Client’s account. As sub-advisor to HLO, RJA then recommends and monitors one or more third-party Managers with which RJA has entered into a separate sub-advisory agreement. Some Managers provide RJA model portfolios representing securities recommended by the Manager for designated investment disciplines and thereafter communicate periodic updates to RJA as changes occur to such model portfolios. If HLO selects a model portfolio investment discipline for a Client, RJA has discretionary authority to effect purchases and sales of model portfolio securities for the Client’s account. For all other investment disciplines in this program not classified as model portfolios, the Manager will exercise discretionary investment authority over the Client’s account based on the selected investment discipline(s) and the Client’s profile. Outside Manager Program (OSM) (Dual Contract) The OSM Platform is offered as a wrap fee program through RJA. In the OSM Platform, investment advisory services are provided to you by two different investment advisers through two advisory contracts (what is referred to as a “Dual Contract”): (1) HLO will provide investment advisory services in recommending the third-party Manager based on your specific goals and objectives. HLO will review the Manager on an ongoing basis to determine the suitability of your participation in the OSM Platform and the investment discipline of the Manager selected. If applicable, HLO will make recommendations and assist in any changes should they be made to your OSM Platform selection(s). (2) You will sign a separate investment management agreement with the selected Manager. You appoint the Manager to manage the assets of your account on a discretionary basis, which means you delegate the authority to your Manager to decide what securities to buy or sell for your account in accordance with the investment discipline you select. HLO has discretionary ability to hire and fire the designated Manager, if applicable. C. Retirement Services HLO provides fee based qualified retirement plan services that provide non-discretionary and discretionary Investment Fiduciary Services to Sponsors and Trustees of qualified retirement plans. HLO services include plan-level advice and will assist you in establishing a menu of mutual funds and / or models to offer to participating employees of the qualified retirement plan. HLO may delegate investment advisory and management obligations to an independent investment advisor, as described in your agreement. Employees will self-direct the investments of their accounts within the plan. As an ERISA 3(21) Investment Advisor, services are designed to allow the Sponsor to retain full discretionary authority or control over assets of the Plan. We will solely be making recommendations to the Sponsor. The Sponsor retains decision making authority and may accept or reject any recommendations. As an ERISA 3(38) Investment Manager, services are designed to allow the plan fiduciary to delegate responsibility for managing, acquiring and disposing of Plan assets that meet the requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”). If appointed as an ERISA 3(38) Investment Manager, HLO would have full discretionary authority to select, monitor, and remove the investment options offered in a qualified retirement plan. HLO may provide any or all of these services by engaging in one or more subcontractors. In either case, whether we are engaged as a 3(21) Investment Advisor or 3(38) Investment Manager, we will perform investment services, and will charge a fee for services rendered, as described in this Form ADV and your Client Agreement. Retirement Services – SIMPLE IRA Plans HLO will provide non-discretionary investment advisory services to individuals participating in an employee sponsored SIMPLE Plan. Plans will be administered by American Fund Services (AFS) and the Client will execute documents with the Custodian, Capital Bank and Trust, authorizing HLO to trade in your account, upon your approval. HLO will oversee the plan and assist you in establishing and managing your account. HLO is available for consultation and offers annual review meetings. D. IRA Rollover Recommendations For purposes of complying with the DOL’s Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”) where applicable, we are providing the following acknowledgment to you. When we provide 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. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. E. Wrap Fee Programs The AMS Managed Program and OSM described above (together “Wrap Fee Programs”) are offered through a Wrap Fee Program sponsored by Asset Management Services (AMS), an operating division of RJA. A wrap fee program is an investment program where the Client pays one stated fee that includes management fees, transaction costs, fund expenses and other administrative fees. HLO will provide the Client with the sponsor’s Wrap Fee Program Brochure to provide the Client with additional information on the specific wrap fee program or programs. Clients should refer to the sponsor’s Wrap Fee Programs Brochure and HLO for any additional information or questions the Client may have with respect to the specific Wrap Fee program or programs. HLO will review the ongoing performance of the Wrap Fee Programs to determine whether the use of the program continues to be in the best interest of its Clients. When the account is invested in a wrap fee program, the fees and costs associated with obtaining these services and investments outside of the wrap program may be less than those acquired through the Wrap Program. F. Assets Under Management As of December 31, 2023, HLO manages $316,737,721 in Client assets, $304,737,721 of which are managed on a discretionary basis and $12,485,789 of which are managed on a non-discretionary basis. Clients may request more current information at any time by contacting the Advisor.