Spectrum Advisors, Inc., formerly known as Dallas Financial Advisory, Inc. (herein referred to as “Spectrum,” “Firm,” “we,” “our,” or “us”) is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser. Our registration as an Investment Adviser does not imply any level of skill or training. The oral and written communications we provide you with, including this Brochure, is information you can use to evaluate us and other advisers, which are factors in your decision to hire us or to continue to maintain a mutually beneficial relationship. This Brochure provides information about our qualifications and business practices. Ownership Spectrum is a privately owned corporation headquartered in Addison, Texas. Jon Michael Reppert, President & Chief Compliance Officer founded Spectrum in May of 1996 and Jon Michael Reppert and David Faulkner are the sole shareholders of Spectrum. Services Offered Spectrum is an investment advisory firm providing:
• Portfolio Management on a Discretionary and Non-Discretionary basis.
• Financial Planning Services.
• Financial Consulting or Review Services.
• Third Party Advisory Services. We manage accounts on a discretionary basis and non-discretionary basis. We provide investment management services, financial planning services and financial consulting and review services to individuals, trusts, estates, charitable organizations, corporations or other business entities, IRA’s, 401(k) participants, and pension and profit-sharing plans. We also assist you with the selection of money managers appropriate for the management of your portfolio. Portfolio Management Services We provide portfolio management services on either a discretionary or non- discretionary basis. Our portfolio management service consists of asset allocation and portfolio management tailored to meet your investment goals. On a discretionary basis, we design, revise and reallocate a custom portfolio for you. The investments are determined based upon your investment objectives, risk tolerance, net worth, net income, age, investment time horizon, tax situation and other various suitability factors. On a non-discretionary basis, we provide periodic recommendations to you and if such recommendations are approved, we will ensure that the authorized recommendations are carried out. We will evaluate your financial situation through a review of financial information and in-depth personal interviews that include understanding your investment objectives and risk tolerances. 2 | P a g e The program is based on your profile and risk tolerance questionnaire. The recommended portfolio is selected based on investments made according to equity and bond allocations. Within each model portfolio, the types of investments will vary between large cap, equity growth, emerging markets, etc. Portfolios are rebalanced on an annual basis or as needed. Custody of your accounts for both securities and funds will be maintained at a qualified custodian. A quarterly Performance Report is provided, and clients do not incur any additional fees for this service. Consulting Advisory Services for Qualified Retirement Plans (401K, 403B, 457, etc.) We provide investment planning, implementation advice, and portfolio management assistance to Qualified Retirement plans. As part of our services, we collaborate with our clients to develop Investment Policy Statements which include asset allocation and investment recommendations. We deliver written reports for review and discussion, on a quarterly basis, which include performance evaluations of each investment option and each portfolio, comparative performance for established benchmarks and for peer institutions, and assessment of asset allocation and need, if any, for rebalancing. Financial Planning Services We provide a comprehensive financial planning service, including financial positions, investment planning, asset protection planning, business succession planning, income tax planning, protection planning, retirement planning and estate planning. Independent, objective analysis of personal and business finances based on extensive financial information furnished by you (trust agreements, business agreements, retirement programs, financial statements, tax returns, investment portfolio) are offered. A formal written plan is provided which includes a risk analysis and profile, investment objectives, in-depth goal review, budget preparation, insurance analysis and review and other in-depth analysis. Implementation of the prepared plan or recommendations is solely at your discretion, and you can also determine how you want to implement the plan or recommendations. We will continue to advise regarding the implementation of the financial plan for 6 months thereafter. Financial Consulting & Review Services You can also receive investment advice on a more limited basis. This includes advice on only an isolated area(s) of concern such

as estate planning, retirement planning, life insurance evaluation, elder care review, estate tax calculation, college education funding or any other specific topic. We provide specific consultation services regarding your current or projected financial position or other investment and financial concerns that you have. With respect to advisory clients that are accounts regulated under the Employee Retirement Income and Security Act ("ERISA") or individual retirement accounts ("IRA"), general investment advice is provided about the merits and risks of investment alternatives. We do not have discretionary authority or control with respect to ERISA or IRA accounts. The Plan fiduciary for ERISA accounts must make the investment decision about the purchase of any products based on his/her understanding of the Plan's needs and objectives, and we are in no way responsible for any 3 | P a g e investment decisions. The Plan fiduciary is free to seek independent advice about the appropriateness of any investment for the Plan. Third-Party Money Manager Selection Services We recommend the services of a Third-Party Money Manager (“TPMM”) to manage your portfolio. We would recommend to you a TPMM whose investment style is believed to be consistent with your financial needs, investment goals, tolerance for risk and stated investment objectives. Upon selection of a TPMM, we will monitor the performance of the TPMM to ensure their performance and investment style remains aligned with the investment goals and objectives. The TPMM is granted discretionary authority by you to manage and invest your assets. Clients who TPMM’s will receive full disclosure, including services rendered and fee schedules at the time of the referral by delivery of a copy of the relevant TPMM’s brochure or equivalent disclosure document and privacy policy. The TPMM can impose a minimum dollar amount of initial client assets for the investment advisory services as disclosed in the management agreement. These minimums may be waived at the TPMM's discretion. Clients will be provided with the appropriate TPMM's disclosure statement, in addition to the TPMM's ADV Part2A Brochure and privacy policy, prior to placing the assets with the TPMM. Spectrum Advisors has entered into an agreement with AE Wealth Management, LLC (“AEWM”), an unaffiliated SEC registered investment adviser as a TPMM to provide asset management services to clients. The asset management services provided through the AE Wealth Management Program are all wrap fee programs sponsored by AE Wealth Management, and not Spectrum Advisors. As part of the AEWM program, Clients provide AEWM discretion to select third party, non-affiliated investment managers (“Model Managers”) to design and manage model portfolios. AEWM utilizes Edgetech, Milliman, Smart Veta, and Sterling Capital as money managers as an option to manage client accounts. AEWM will select the model portfolio(s) that aligns with the clients disclosed risk tolerance and investment objectives. To the extent AEWM is appointed to provide advisory services to a client of Spectrum Advisors, such appointment includes the delegation to AEWM of Spectrum Advisor’s discretionary authority to select/hire and fire model managers on behalf of any client of Spectrum Advisors who participates in AEWM’s asset management program. Further, Spectrum Advisors delegates to AEWM’s platform provider the discretionary authority (based upon the selected Model Manager’s(s’) designated portfolio model(s) and/or trade signals without first consulting with Client) to make all decisions to buy, sell, or hold securities, cash, or other investments for such portion of each client’s assets that are included in AEWM’s asset management program. This authority includes the ability to carry out such decisions by giving instructions, on behalf of clients of Spectrum Advisor who participate in AEWM’s asset management program, to brokers, dealers, and custodians. Wrap Programs We do not sponsor or function as a portfolio manager for any wrap fee programs. We however refer suitable clients to TPMM’s that do offer a wrap fee program. 4 | P a g e EMoney Website We provide access to a personalized website on eMoney to organize and aggregate all your financial accounts available on the web. Educational Seminars Spectrum provides educational seminars. The educational seminars are designed for people who are nearing or in retirement to grow their knowledge of the critical areas of retirement planning. These educational seminars take place at various college campuses on a quarterly basis. Investment Products We will advise you regarding portfolio diversification utilizing common or preferred stocks, options, mutual funds, warrants, rights, corporate municipal or government bonds, notes or bills, options and futures contracts, partnership interests, and cash or cash equivalents. Assets Under Management As of December 31, 2023, Spectrum had approximately $127,000,000 in discretionary assets under management.