B. Riley Wealth Portfolio Advisers, LLC (“BRWPA,” the “Firm,” or “Adviser”) is an investment adviser with its principal place of business in Memphis, Tennessee. B. Riley Wealth Portfolio Advisers is owned by B. Riley Wealth Management Holdings, Inc., which is a wholly owned subsidiary of B. Riley Financial, Inc. Investment Advisory Services BRWPA offers a combination of advisory and sub-advisory services some of which are provided through separately managed accounts (“SMAs”). The Firm also manages certain client accounts using model portfolios created by the Firm (hereinafter “B. Riley Fairfax Portfolios” or the “Model Portfolios”). Generally, the Model Portfolios are comprised of third-party managed exchange-traded funds ("ETFs") or stocks. The Model Portfolios are continuously managed based on the Model Portfolio’s stated investment objectives. The Model Portfolios may be held in SMAs, wrap, or non-wrap fee programs, offered mainly through third-party broker-dealers (“Custodians”) or other investment advisors (“Program Sponsors”). Program Sponsors typically offer a wide array of investment managers from which clients can choose. When a client (or client’s sponsor firm with discretion) selects an investment manager for the account, the client will usually grant the investment manager full trading discretion over the account. If BRWPA is selected to manage a client’s account maintained by a Program Sponsor, BRWPA will provide investment management services on a discretionary basis to the client in accordance with the Model Portfolio selected. When acting as a sub-advisor to these programs, the Firm is compensated by the Program Sponsor with a portion of the fee paid by the client. In these programs, BRWPA will often enter into a contract with the Program Sponsor

rather than the client. However, in some instances, the client will enter into dual contracts with the Program Sponsor and BRWPA. In either type of contractual arrangement, the client is generally permitted to impose reasonable restrictions on the management of their account. Clients are also referred to BRWPA by solicitors, who are independent investment advisers, investment adviser representatives of other registered investment advisers, registered representatives of broker- dealers, or, when permitted by state securities law, unregistered financial representatives (hereinafter “solicitors”). Each client will work with their financial representative to provide continuous investment advice and to determine which of BRWPA’s model portfolios are most appropriate given their financial situation, investment objectives, and risk tolerance. This data gathering process is completed by the client and their financial representative and should be used to make the decision whether to invest assets in any BRWPA model portfolio. BRWPA also participates in Model Delivery programs where the Firm is retained by the Program Sponsor to deliver a portfolio model to the Program Sponsor. In Model Delivery programs, the Firm does not exercise investment discretion or trade the account. In Model Delivery arrangements, the Program Sponsor is responsible for determining the timing of transactions, execution venue, and other trade execution decisions. Further, Program Sponsors may accept individualized client investment guidelines and restrictions on the management of the account. Assets Under Management As of December 31, 2023, BRWPA manages approximately $186,111,450 in client assets on a discretionary basis.
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