A. Description of the Advisory Firm Watershed Private Wealth LLC (hereinafter “WPWL”) is a Limited Liability Company organized in the State of Illinois. The firm was formed in August 2021, and the principal owner is Brendan Moody. B. Types of Advisory Services Portfolio Management Services WPWL offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. WPWL creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels) and then constructs a plan to aid in the selection of a portfolio that matches each client's specific situation. Portfolio management services include, but are not limited to, the following: • Investment strategy • Personal investment policy • Asset allocation • Asset selection • Risk tolerance • Regular portfolio monitoring WPWL evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. WPWL will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. WPWL seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of WPWL’s economic, investment or other financial interests. To meet its fiduciary obligations, WPWL attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, WPWL’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is WPWL’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent, including initial public offerings ("IPOs") and other investment opportunities that might have a limited supply, among its clients on a fair and equitable basis over time. WPWL’s ongoing portfolio management services include tax preparation services at no additional cost to clients. Financial Planning WPWL provides financial consulting on a range of matters for clients. These services include analysis and recommendations relating to cash flow, projected income taxes, estate objectives, education funding, investment portfolio evaluation, long term health care planning, retirement planning, tax planning, and insurance provisions and needs. Once Watershed completes this analysis, a representative from the firm meets with the client and finalizes a financial plan where different financial and/or estate planning and investment strategies are discussed. The client is provided with a summary in regard to the firm’s analysis and recommendations. When a specific strategy is decided upon, the

implementation of that strategy begins and is reviewed, monitored, and updated by meetings, telephone calls and correspondence. Not all clients engage Watershed for every service described. Third-Party Services Watershed Private Wealth, LLC ("WPWL") has contracted with GeoWealth Management, LLC, (“GWM”), for services including trade processing, collection of management fees, record maintenance, report preparation, marketing assistance, and research. WPWL has also contracted with GWM for certain sub-advisory services. Pension Consulting Services WPWL offers consulting services to pension or other employee benefit plans (including but not limited to 401(k) plans). Pension consulting may include, but is not limited to:
• identifying investment objectives and restrictions
• providing guidance on various assets classes and investment options
• recommending money managers to manage plan assets in ways designed to achieve objectives
• monitoring performance of money managers and investment options and making recommendations for changes
• recommending other service providers, such as custodians, administrators and broker-dealers
• creating a written pension consulting plan These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants. Services Limited to Specific Types of Investments WPWL generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds, commodities and private placements. WPWL may use other securities as well to help diversify a portfolio when applicable. C. Client Tailored Services and Client Imposed Restrictions WPWL will tailor a program for each individual client. This will include an interview session to get to know the client’s specific needs and requirements as well as a plan that will be executed by WPWL on behalf of the client. WPWL may use model allocations together with a specific set of recommendations for each client based on their personal restrictions, needs, and targets. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent WPWL from properly servicing the client account, or if the restrictions would require WPWL to deviate from its standard suite of services, WPWL reserves the right to end the relationship. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees and transaction costs. WPWL does not participate in wrap fee programs. E. Assets Under Management WPWL has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $263,375,888.00 $ 0.00 December 2023