A Firm Description DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC, was founded in 2003. DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC provides personalized confidential financial planning and investment management to individuals and small businesses. The scope of services provided includes retirement plans, trusts, estate planning, cash flow management, tax planning, insurance review, investment management, education funding, and business continuation. DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC maintains client accounts with independent custodians and manages the investment of assets for its clients. The process of investment management results in a written evaluation of each client’s individual situation. This document outlines the guidelines for investing the client’s assets and trading authorization for DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC. Periodic reviews are communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) will be engaged on behalf of the client or directly by the client as needed. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management will benefit the client. Principal Owners Tom S. Davenport is a 100% member. B Types of Advisory Services DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC provides investment advisory services, also known as asset management services, and furnishes investment advice through consultations. Part 2A - 2 On more than an occasional basis, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC furnishes advice to clients on matters not involving securities, such as financial planning matters, taxation issues, and trust services that often include estate planning. C Tailored Relationships Investment policy statements are created that reflect stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities. Agreements will not be assigned without client consent. D DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC does not participate in wrap fee programs. E As of December 2023, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC managed approximately $122.2 million in assets for approximately 211 clients. Approximately $122.2 million is managed on a discretionary basis, and $0 is managed on a non-discretionary basis. Asset Management DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC manages the assets of its clients using the core strategies of asset allocation, asset diversification, and periodic rebalancing, with a long-term perspective while

minimizing income taxes. The assets used are primarily no-load mutual funds and exchange-traded funds. Types of Agreements: Investment Advisor Services Agreement (IASA) The Investment Advisors Services Agreement provided with DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC covers the scope of work and fee to the client in writing prior to the start of the relationship. An Investment Advisors Services Agreement may include cash flow management; insurance review; investment management; education planning; retirement planning; estate planning; and tax advice, as well as the implementation of recommendations within each area. The agreement defines the management of assets in relation to the client’s needs. The annual Investment Advisor Services Agreement fee is based on a percentage of the investable assets according to the following schedule: 1.00% annualized on the first $1,000,000 of account value; and 0.75% annualized on amounts above $1,000,000 of account value. Part 2A - 3 Current client relationships exist where the fees are higher or lower than the fee schedule above. Within the first 5 days of entering into an Investment Advisor Services Agreement, clients may terminate the IASA with no penalty. After the initial five (5) calendar days period, the Investment Advisor Services Agreement may be terminated at any time by written notice to the other party. At termination, fees will be billed on a pro rata basis for the portion of the fee computation period. The portfolio value at the completion of the prior full billing period is used as the basis for the fee computation, adjusted for the number of days during the billing period prior to termination. Retainer Agreement DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC does not work on Retainer Agreements in lieu of an IASA. Tax Preparation Agreement DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC does not do tax return preparation. Hourly Planning Engagements DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC does not provide hourly planning services. Everything is a flat or asset-based fee. Termination of Agreement Within the first 5 days of entering into an Investment Advisor Services Agreement, clients may terminate the IASA with no penalty. After this period, a Client may terminate any of the aforementioned agreements at any time by notifying DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC in writing and paying for the time spent and progress made on the investment advisory engagement prior to notification of termination. If the client made an advance payment, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC would refund any unearned portion of the advance payment. DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, DAVENPORT WATTS & DRAKE INVESTMENT ADVISORS, LLC will refund any unearned portion of the advance payment. Part 2A - 4