A. Description of Firm Blankinship & Foster, LLC, (“Blankinship & Foster” or the “Firm”) is a Solana Beach, California-based investment management firm founded in 1989. Blankinship & Foster provides customized investment management services to individuals, high net worth clients, trusts, estates, small businesses, charitable organizations, and pension/profit sharing plans. As discussed more fully below, Blankinship & Foster assists clients in investment management and consultation, determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, education funding, retirement planning, and estate planning. Some of the investment instruments Blankinship & Foster advises its clientele on include, among other things, mutual funds, exchange traded funds ("ETFs"), equities, bonds, treasuries, options and/or limited partnership interests. Additionally, some of the mutual funds, ETFs or limited partnership interests the Firm recommends to clients invest in commodities and/or real estate. Blankinship & Foster is currently registered with the Securities and Exchange Commission ("SEC") as an investment adviser and with the State of California as a limited liability company. The Firm conducts business primarily in California. Blankinship & Foster is 100% owned by Stefan Prvanov, Frederick V. Brooks, Jr., and Jon P. Beyrer. B. Types of Advisory Services Offered Blankinship & Foster primarily provides two types of advisory services: Financial Planning Services and Investment Management Services. The combination of these services is called Wealth Management Services. The Firm occasionally provides “Other Consulting” services on a case by case basis. Each of these services is described more fully below. 1. Financial Planning Services Financial Planning Services include the initial writing and formulation of a personal financial plan, with recommendations and supporting written work as necessary, and may include, depending on the scope of a client’s engagement, the ongoing tracking of the client’s progress in achieving the personal financial goals targeted in the plan. The scope of Financial Planning Services selected is defined in advance and agreed upon between the Firm and the client. Fees for Financial Planning Services are defined below under Item 5: Fees and Compensation. The Financial Planning Services process typically begins with the collection, organization, and assessment of relevant client data, including information concerning the client’s lifestyle, risk tolerance, and cash flow, as well as identification of the client’s financial concerns, goals, and objectives. The primary objective of this process is to allow the Firm to assist the client in developing a strategy for the successful management of income, assets, and liabilities in order to help meet the client’s individual financial objectives. To help achieve this objective, Blankinship & Foster may perform, depending on the scope of a client’s engagement, ongoing tracking of the client’s progress in achieving his or her financial goals. Importantly, clients always retain the right to decide whether to act upon any recommendations made by Blankinship & Foster, and are free to follow or disregard, wholly or in part, any information, recommendation, or advice provided by the Firm. Typically, we recommend any investment management services be provided by us. However, this creates a conflict of interest since the Firm will receive investment management fees should a client use us for implementing investment management recommendations. To address this conflict, as mentioned above, our clients always have the right whether to act upon any recommendations. Clients also are free to select any financial firm to implement any, or all the recommendations provided by Blankinship & Foster. Importantly, as part of our fiduciary duty to our clients, Blankinship & Foster and our representatives always endeavor to put the interests of our clients first, and recommendations are only made to the extent that we believe such to be in the best interests of the client. Additionally, Blankinship & Foster maintains written policies and procedures covering, among other things, the Firm’s fiduciary duty to clients and the steps we take to help ensure the services we provide are in our clients’ best interests. 2. Investment Management Services Blankinship & Foster offers clients Investment Management Services that encompass the traditional asset classes of fixed income, domestic equities, and foreign securities, but can also include alternative asset classes as well. The Firm will generally manage a client’s investment portfolio on a discretionary basis and may assist the client in the establishment of the necessary custodial account(s). When exercising its discretionary authority, Blankinship & Foster will make appropriate "buy, sell, hold" decisions as it believes they are needed using the Firm’s asset allocation methodology. Through the use of an asset allocation approach, the Firm provides Investment Management Services based on a personalized understanding of each client’s independent investment objectives. The Firm’s Investment Management Services typically begin through the gathering of information vis-à-vis a new Investment Policy Statement, or other similar documentation process. Based upon this information, the Firm selects the appropriate allocation for the client’s assets. The Firm employs a defined process for each step in the investment management cycle including goal setting and risk/return profiling, asset allocation modeling, investment selection and implementation, and ongoing monitoring and reporting. This approach helps to provide a robust process to provide long-term investment solutions. Depending upon the strategy selected by the Firm and the client, Blankinship & Foster may invest client assets in various sectors and securities, including but not limited to mutual funds, ETFs, stocks, bonds, treasuries, private funds and/or real estate investment trusts ("REITs"). Please refer to Item 8 for more information on Blankinship & Foster’s investment strategies, methods of analysis and their associated risks of loss. As noted above, Blankinship

& Foster generally manages client assets on a fully discretionary basis. In exercising full discretionary authority, Blankinship & Foster selects, without first obtaining client’s permission, (1) the securities to be bought and sold; and (2) the amounts of securities to be transacted and whether it will be individually, or block traded. Blankinship & Foster’s discretionary authority may be subject to conditions imposed by a client. This may occur when a client restricts or prohibits transactions in a security for a specific company or for an industry sector, or requests that the Firm place trades with a specific broker-dealer (aka "directed brokerage"). For more information on the Firm’s discretionary authority and brokerage practices please refer to Items 12 and 16. Clients are allowed to impose reasonable restrictions on the types of securities, sectors and/or industries they do not want to be included in their portfolio. Such restrictions must be communicated to the Firm in advance and documented in writing. Once this information is gathered initially, each client is responsible for informing Blankinship & Foster in writing of any changes to these restrictions or to their overall investment objectives. The Firm does not assume any responsibility for the accuracy of the information provided directly by its clients or the failure of clients to inform the Firm of changes to their investment or financial objectives. 3. Wealth Management Services Wealth Management Services refers to the combination of Financial Planning Services and Investment Management Services, as each is described above. Fees for Wealth Management Services are defined below under Item 5: Fees and Compensation. Any implementation of the recommendations made by the Firm during the course of rendering its Wealth Management Services is entirely at the client’s discretion. As outlined in Item 4.B.1 above, clients retain the right whether to act upon any recommendations and are always free to select any financial firm for implementing any of our Financial Planning recommendations. Clients also are advised that a conflict of interest exists when Blankinship & Foster recommends its own Investment Management Services for the implementation of the recommendations contained in the financial plan. Please refer to Item 4.B.1 for information on how Blankinship & Foster addresses this conflict. 4. Other Consulting Services Other Consulting Services include financial advice and/or analysis of a specific client objective or situation, as defined and agreed on by the client and the Firm in advance. The specific objective or situation may be the evaluation of a specific venture or investment the client wants to consider, or it may be the evaluation of an advisory service offered by another professional organization. Fees for Other Consulting Services are described below under Item 5: Fees and Compensation. 5. Educational Seminars From time to time, Blankinship & Foster offers educational workshops to clients and their guests. The Firm does not charge a fee for any of our workshops and are provided for informational and educational purposes only. C. General Information About Blankinship & Foster’s Advisory Services 1. Gathering Individual Client Information As explained above, Investment Management Services provided by Blankinship & Foster are customizable based upon the individual needs, objectives, and other financial goals of the client. Early on in the relationship, Blankinship & Foster will typically memorialize each client’s investment objectives, risk tolerance, time horizons and other important and necessary information, including any investment guidelines, in the client’s Investment Policy Statement. This information, together with any other information relating to the client’s overall financial circumstances, will be used by the Firm to determine the most appropriate asset allocation and investment strategy to best meet the client’s financial goals. There may be times when certain restrictions are placed by a client which prevent the Firm from accepting or continuing to service the client’s account. Blankinship & Foster reserves the right to not accept and/or terminate a client’s account if it feels that the client-imposed restrictions would limit or prevent it from meeting and/or maintaining its objectives. Blankinship & Foster will not assume any responsibility for the accuracy of the information provided by the client. The Firm is not obligated to verify any information received from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. Under all circumstances, clients are responsible for promptly notifying the Firm in writing of any material changes to the client’s financial situation, investment objectives, time horizon, or risk tolerance. In the event that a client notifies the Firm of changes in the client’s financial circumstances, Blankinship & Foster will review such changes and may recommend revisions to the client’s portfolio. 2. Advisory Agreements Prior to engaging Blankinship & Foster to provide investment advisory services, the client will be required to enter into a written agreement (“Client Agreement”) with the Firm setting forth the fees to be charged and the terms and conditions under which it will render its services. Blankinship & Foster will provide a Brochure and one or more Brochure Supplements to each client or prospective client prior to or contemporaneously with the execution of a Client Agreement. The advisory relationship will continue until terminated by the client or Blankinship & Foster in accordance with the provisions of the Client Agreement. D. Wrap-Fee Programs Blankinship & Foster does not sponsor or provide portfolio management services to any wrap fee programs, as that term is defined the instructions to Form ADV Part 2. E. Assets Under Management As of 12/31/2023, the following represents the amount of client assets under management by Blankinship & Foster on a discretionary and non-discretionary basis: Type of Account Assets Under Management (“AUM”) Discretionary 780,366,425 Non-Discretionary $0 Total: 780,366,425