Rachor Investment Advisory Services, LLC (referred to in this Brochure as "Rachor," "us," "we," or "our") is a federally registered investment adviser located in Linden, Michigan. Rachor through our predecessors began conducting business in 1984. We are currently wholly owned by RIAS Holding Company Incorporated; whose sole shareholder is Tod G. Fisher. Our Advisory Services Rachor offers personalized discretionary and nondiscretionary investment advisory services to clients based on the client’s individual investment goals, financial objectives and risk tolerance. As explained in more detail below, our Diversified Strategy is offered on a discretionary basis while the Concentrated Strategy is offered on a nondiscretionary basis through third party private money managers. We meet with each client before any assets are invested to develop, with the client, the asset allocation referred to as the investment style, for each of the client’s account(s). We also educate our clients with regard to the long-term nature of the Diversified and Concentrated Strategies (the “Strategies”). After consultation with our client, the assets are invested in accordance with the agreed upon investment style. Client requests for restrictions on investing in certain securities or types of securities will be considered on a case-by-case basis, although it is anticipated that such restrictions would inhibit Rachor’s ability to implement either Strategy. We offer financial planning services to our clients as part of our investment advisory services. These services may include, but are not limited to:  lifetime cash flow planning (written/online year-by-year hypothetical plan/projection, including goals and objectives),  estate planning, with the assistance of your attorney(s), including gift and wealth transfer planning,  tax planning, with the assistance of your accountant(s) and/or attorney(s), insurance planning, with the assistance of your insurance agent(s), and  other financial matters that may arise (mortgages, student loans, closely held businesses). Financial planning services are available on an as requested or as needed basis and are provided at no extra expense for our investment advisory clients. We act under the fiduciary duty of care and loyalty applicable to a registered investment adviser. Our duty of care means we provide investment advice, based on the client’s objectives, in the best interest of our client. Under the duty of loyalty, we Part 2A of Form ADV 2 Rachor Investment Advisory Services, LLC must eliminate or make full and fair disclosure of our conflicts of interests which might incline us—consciously or unconsciously—to render advice which is not disinterested. If we manage a joint account on your behalf (e.g., husband and wife, parent and child, etc.), our services will be based upon the identified financial needs and objectives that all or any one of the persons executing our agreement (collectively, the “Joint Clients”) communicate to us. Joint Clients are collectively responsible for determining and advising us if only one or more of the Joint Clients is permitted to give us instructions, authorizations, or to otherwise control the account. Unless we are directed otherwise in writing, we are permitted to rely upon any authorization, instruction, or direction from any one of the Joint Clients until this authority is limited or revoked in a written notice delivered to us signed by all Joint Clients. Investment Advice for Retirement Investors We have special and additional fiduciary responsibilities under Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”) and/or the Internal Revenue Code Section 4975 (“IRC 4975”), as applicable, when we provide investment advice services to individual retirement account owners, ERISA plans, and ERISA plan participants. As such, we are subject to specific duties and obligations that include, among other things, prohibited transaction rules which are intended to prohibit fiduciaries from acting on conflicts of interest. We must either avoid or eliminate the conflict or rely upon a prohibited transaction exemption. We are a fiduciary, when, for example, our advisers’ recommend a distribution or transfer (a “rollover”) of your tax-qualified ERISA-governed account including an IRA, to us for management. If you accept the recommendation, Rachor will receive compensation that we would not otherwise receive. Therefore, the recommendation creates a conflict of interest. To address this conflict we must comply with the impartial conduct standards that require us to:  Always act in your best interest by: o Meeting a professional standard of care when making investment recommendations (give prudent advice); o

Never putting 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. Part 2A of Form ADV 3 Rachor Investment Advisory Services, LLC A retirement investor leaving an employer has four options regarding an existing retirement plan (and under certain circumstances may engage in a combination of the following options). We will provide general education, for discussion purposes, regarding the “pros and cons” to each of these choices: (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an IRA, or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). Diversified Strategy  Our investment advisory service includes ongoing supervisory and management services of the client assets and trading securities on a discretionary basis. This means that we determine the securities to buy and sell for the client’s account without obtaining specific consent prior to each transaction.  Diversified strategies are diversified, primarily mutual funds, exchange traded funds (“ETFs”), stocks and/or bonds. The strategies have low rates of turnover (buying and selling), and allow for aggressive, moderate, conservative, and defensive allocations to increase/decrease volatility in accordance with the client’s objectives and guidelines. Concentrated Strategy offered through Private Money Managers  For certain clients, the investment advisory services include conducting due diligence upon and recommending, on a non-discretionary basis, third party managers to manage parts of such clients’ portfolios. Such Private Money Managers are typically dually registered as investment advisers and broker- dealers.  The Private Money Managers’ strategies are not diversified having a relatively small number of holdings, typically stocks. The strategies have a very high rate of turnover (active buying and selling), are expensive and volatile and in the case of non-qualified accounts, may use leverage. Funds invested in a “Concentrated” strategy should be considered only for “long-term” investing.  Clients receive a separate Part 2A of Form ADV, for each Private Money Manager before or at the time the Private Money Manager is engaged by the client. Advisory Services for Qualified Plans As part of our services to qualified ERISA plans, we will act as a fiduciary as defined in Sections 3(21)(A) of ERISA. If the “responsible plan fiduciary”, as defined in ERISA Section 402(a)(2)) engages us as a 3(21) advisor, we will review the investment options available to the plan and recommend an ERISA Section 3(38) investment Part 2A of Form ADV 4 Rachor Investment Advisory Services, LLC manager (the “3(38) Manager”) to act as an investment manager for such qualified ERISA plan. As a 3(21) advisor, we will not have discretion or the authority to invest and reinvest plan assets or to engage the recommended 3(38) Manager on the plan’s behalf. It is ultimately the responsible plan fiduciary’s duty to select and give the 3(38) Manager discretionary authority to manage the plan’s assets. This means that the responsible plan fiduciary shifts its fiduciary responsibility to the 3(38) Manager for the selection of the plan’s investments. A tri-party investment advisory agreement between the responsible plan fiduciary, the 3(38) Manager and us will govern this relationship. Based on the plan’s investment policy statement or other guidelines established by the plan we (a) recommend the qualified default investment alternative (“QDIA”) for plan participants that fail to direct the investment in their accounts, and provide reports, information and recommendations, to assist in the monitoring of the investments; (b) recommend and monitor the “Model Portfolios created by the 3(38) Manager. If requested in the tri-party investment advisory agreement, we will provide additional non-ERISA fiduciary services such as investment education to the responsible plan fiduciary, assist in selecting and reviewing other service providers, and conduct group plan participant education and enrollment meetings. Assets Under Management As of December 31, 2022, we managed $185,925,566 in client assets on a discretionary basis. We have an additional $170,666,027 under advisement as of December 31, 2022.