General Information FC is an investment adviser located in Concord, North Carolina that was formed in February 2023 as a North Carolina limited liability company. Julien Booth is the sole owner of Forest Capital Operating Company LLC. FC provides investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. Investment advisory services are provided through consultation with the client and include determination of financial objectives, understanding of risk, identification of any financial problems, portfolio analysis, and cash flow management. FC is strictly a “fee-only” investment advisory firm. FC does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other products for a commission. Investment Advisory Services FC begins its investment advisory process by discussing each client’s financial goals, investment objectives and personal risk tolerance before any investment advice is given. Specifics for each client are documented in our client relationship management system if the advisory services deviate from our core competencies. Recognizing the uniqueness of each client, client portfolios vary in structure based on needs, size, and economic and market trends at the time, but generally include equities (e.g., common stocks, preferred stocks, exchange traded funds and mutual funds), fixed income (e.g., corporate, municipal, U.S. Treasury, and other government and agency), cash and cash equivalents (e.g., money market and U.S. Treasury bills). Clients can request reasonable restrictions on investments in certain securities or types of securities. Notice of requested restrictions is required to be given to FC in writing. After discussions with each client, a review of their goals and any restrictions placed by the client we will select, with the client, one of the following strategies: o Balanced Strategy o Equity Strategy o Fixed Income Bond Account FC offers to manage client assets on either a discretionary or non-discretionary basis. Discretionary Basis As a discretionary investment adviser, FC will have the authority to supervise and direct the portfolio without prior consultation with the client. Non-Discretionary Basis Clients who choose a non-discretionary arrangement must be contacted prior to the execution of any trade in the account(s) under management. In a non-discretionary arrangement, the client retains the responsibility for the final decision on all actions taken with respect to the portfolio. For non-discretionary accounts, the client has the option to also execute a

limited power of attorney, which allows FC to carry out trade recommendations and approved actions in the portfolio. However, in accordance with FC’s non-discretionary investment advisory agreement with the client, FC does not implement trading recommendations or other actions in the account unless and until the client has approved the recommendation or action. The use of non-discretionary accounts could potentially result in a delay in executing recommended trades, which could adversely affect the performance of the portfolio. This delay also normally means the affected account(s) will not be able to participate in block trades, a practice designed to enhance the execution quality, timing and/or cost for all accounts included in the block. Financial Planning Services FC generally provides financial planning services to those clients in need of such services in conjunction with investment advisory services. FC’s financial planning services normally address areas such as tax planning, insurance review, education funding, retirement planning, and estate planning. The goal of these services is to assess the financial circumstances of the client to more effectively develop the client’s investment plan. Financial planning services are generally not offered as a stand-alone service or for a separate fee but are typically provided to clients in conjunction with the management of the portfolio. ERISA and Individual Retirement Accounts Disclosure 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 interests 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. Type and Value of Assets Currently Managed As of May 31, 2023, FC manages $150,265,532 in discretionary assets under management.