Description of Services and Fees Richwood Investment Advisors, LLC is a registered investment adviser based in Cincinnati, Ohio and organized as a limited liability company under the laws of the State of Ohio. We have been providing investment advisory services since 2010. Debora Caley is our principal owner.
The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Richwood Investment Advisors, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our firm. In addition, you may see the term Associated Person throughout this brochure. As used in this brochure, our Associated Persons are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
Unsupervised Assets Generally, clients do not impose restrictions on our investment strategies, but from time to time, this may be appropriate and allowed by our firm. Occasionally, our clients may have investments, generally large stock positions with low-cost basis, that they do not want our firm to be actively managing. These clients may request that we segregate these holdings in an existing investment portfolio. These assets will not be actively managed, nor charged a fee, by our firm.
Customized Investment Management We tailor our client accounts to address the specific goals, objectives and constraints of each client. When developing investment strategies for each client individually, we consider a range of client- specific factors that can influence the investment management process, including the clients: 1) Risk tolerance 2) Investment timeframe 3) Current and future cash needs 4) Tax position 5) Financial and Estate planning goals and strategies 6) Philanthropic goals; and 7) Other unique circumstances In participating in our discretionary management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, purchased or sold for your account without your approval prior to each transaction. You will typically grant discretionary authority by the investment advisory agreement you sign with our firm or trading authorization forms.
Clients may impose restrictions on our ability to invest in certain broadly defined asset classes (e.g., emerging market stocks) and specific types of securities (e.g. tobacco stocks). You may limit our discretionary authority by providing our firm with your restrictions and guidelines in writing.
We obtain information about these client-specific factors during conversations with the client in which the above topics are discussed in detail. In addition, with the client's request and consent, we may also consult with a client's accountant, estate planning attorney and other service professionals that may influence a client's financial future (e.g., insurance agent, banker). These discussions can be an important component in the development of a comprehensive plan for the client's financial future and reaching their investment goals.
4 Once we fully discuss these factors, we develop an Investment Policy Statement (IPS) in coordination with the client. This IPS document serves as an important written guideline for both the client and our firm in the ongoing management of the client's investment portfolio. Among other items, the IPS stipulates the asset allocation parameters, risk tolerance, return objectives, performance benchmarks, and other important constraints. Richwood periodically reviews this IPS with the client, updates the document as the client's circumstances, and needs evolve and change.
General - Advisory Services to Retirement Plans and Plan Participants We offer various levels of advisory and consulting services to employee benefit plans ("Plan") and to the participants of such plans ("Participants"). The services are designed to assist plan sponsors in meeting their management and fiduciary obligations to Participants under the Employee Retirement Income Securities Act ("ERISA"). Pursuant to adopted regulations of the U.S. Department of Labor, we are required to provide the Plan's responsible plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan)

with a written statement of the services we provide to the Plan, the compensation we receive for providing those services, and our status (which is described below). The services we provide to your Plan and the compensation we receive for these services are described above, and/or in the service agreement that you sign with our firm. We do not reasonably expect to receive any other compensation, direct or indirect, for the services we provide to the Plan or Participants other than the terms evidenced in the agreement you sign with our firm. If we receive any other compensation for such services, we will (i) offset the compensation against our stated fees, and (ii) we will promptly disclose the amount of such compensation, the services rendered for such compensation and the payer of such compensation to you. In providing services to the Plan and Participants, our status is that of an investment adviser registered with the SEC, and we are not subject to any disqualifications under Section 411 of ERISA. To the extent we perform fiduciary services, we are acting either as a fiduciary of the Plan as defined in Section 3(21) under ERISA. Financial Planning We manage our clients' investments within the larger context of the client's overall wealth management and financial planning process. Specifically, we offer complimentary advice, at no additional charge, on a range of wealth management issues that complement the management of the client's investment portfolio, including: estate planning, retirement planning, education planning, income tax planning, liability planning, and insurance planning, among other areas. We do not prepare tax returns, practice law, sell insurance, or make loans. However, we offer our objective, unbiased advice to our clients on the full range of wealth management topics, in order to better serve our clients and help them manage their financial affairs.
Types of Investments We offer advice on the following types of investments or products: equity securities, corporate debt securities (other than commercial paper), certificates of deposit, municipal securities, mutual fund shares, United States government securities, money market funds, real estate investment trust (REITs) and exchange traded funds (ETFs). Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship. You may request in writing that we refrain from investing in particular securities or certain types of securities. 5 IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), 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. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Assets Under Management As of March 12, 2024, we provide continuous management services for $123,097,078 in client assets on a discretionary basis.