Linscomb & Williams (“L&W”) is an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”). We have over 50 years of experience in providing comprehensive wealth planning and investment advisory services to clients with diverse financial situations and needs. The Firm’s roots date back to 1971 when we began advising clients on personal financial wealth management strategies to manage risk and build wealth. Our Firm, headquartered in Houston, Texas, has grown organically and by acquisition with additional offices located in Atlanta, Georgia; Birmingham and Huntsville, Alabama; and The Woodlands and Fredericksburg, Texas. As of December 31, 2022, L&W had regulatory assets under management of approximately $4.3 billion, of which approximately $1.3 million was advised on a non-discretionary basis. Our Firm operates as a wholly owned subsidiary of Cadence Bank. In November 2021, Cadence Bancorp and Cadence Bank, N.A. merged with BancorpSouth, a regional banking organization based in Tupelo, Mississippi. BancorpSouth adopted and continues operations with the name “Cadence Bank” and “Cadence” which is referenced through this brochure. We strive to provide personalized advice and professional service to all our clients and offer a broad range of fee-only investment management and wealth planning services based on a client’s specific financial goals. We manage portfolios within different types of accounts for individuals, families, trusts and other legal entities. Our investment advice primarily incorporates mutual funds, ETFs, variable annuity subaccounts, equities, corporate and municipal bonds, and US government debt; however, from time to time we provide advice on a variety of other investment types as well. We also can accommodate reasonable restrictions placed on a specific issuer, industry, or sector, if in the sole discretion of L&W the restrictions would not materially impact the performance or management of a strategy or prove overly burdensome to the Firm’s management efforts. WEALTH PLANNING SERVICES Wealth planning is an ongoing process that assesses your entire financial situation to create a holistic financial plan aimed at helping you achieve your short- and long-term financial goals. L&W’s wealth planning services may include any or all the following services based on your needs:  Gift & Estate Planning  Charitable Planning  Risk Management  Insurance Planning  Benefit Plan Advice  Cash Flow Forecasting  Income Tax Planning  Retirement Planning  Social Security Planning  Concentrated Wealth  Investment Policy  Educational Funding  Financial Organization We offer advice in an effort to mitigate you and your family from financial risks such as those associated with loss of income, premature death, market downturns, and other life events. In performing these services, we are not required to verify any information received from you or from other professionals (e.g., attorneys, accountants, etc.) and are expressly authorized to rely on the information provided by you to conduct our financial planning assessment. All presented plans or planning advice are reviewed by a senior member of the planning team and wealth advisor(s). L&W also can help with implementation of planning recommendations, as needed or requested by the client. Implementation may include working with a client’s other professionals, such as attorneys, CPAs, brokers, and insurance agents. Though we can provide assistance with the implementation of recommendations made through the financial planning process, you are under no obligation to utilize the service of L&W. Typically, our wealth planning services are paired with our discretionary investment management capabilities that utilize our asset allocation portfolios that have various investment risk profiles and financial objectives. While the majority of our clients hire us to provide financial planning and discretionary portfolio management, we also provide investment advice on a non-discretionary basis as granted by the Client in the Investment Management Agreement (“IMA”). Clients maintain absolute discretion over all decisions regarding the implementation of their financial plan and are under no obligation to use us for any specific asset management service. Clients also should be aware that it always remains their responsibility to promptly notify the Firm of any changes to their financial situation or investment objectives for the purposes of reviewing, evaluating, or revising any of our recommendations and/or services. DISCRETIONARY PORTFOLIO MANAGEMENT SERVICES Clients selecting discretionary services will grant L&W authority to buy and sell securities and other investment instruments in their

account while implementing asset allocation decisions that are aligned to the Client’s investment goals. L&W also is granted the authority to retain third-parties or subadvisors, which includes affiliates of L&W, to perform any of the duties or obligations of the Firm under the IMA. Clients that hire us in a non-discretionary basis typically require that our recommendations and investment decisions either be pre-approved by the Client, or the Client may choose whether to implement our recommendations in their overall investment process. Assets must be held at a qualified custodian. To implement our discretionary accounts, we recommend our clients use specific custodians who provide L&W access to their custodial and trading services. Investment portfolios are structured to meet both short- and long-term financial objectives by focusing on long-term returns while managing short-term volatility based on the Client’s specific investment objectives and risk requirements that are determined with the Client. Our wealth advisors work with the Client to evaluate several factors that will determine an appropriate investment portfolio including investment goals, time horizon, risk tolerance, tax impact, liquidity needs, economic conditions, market exposures, and any reasonable investment guidelines or restrictions provided. Investment Selections Based on our understanding of your needs, we customize advice to clients although periodically we employ similar asset allocation strategies and purchase similar securities in other client accounts based on our asset allocation model portfolios. Differences are likely between discretionary portfolios managed by us due to specific client driven investment goals, cash availability, investment restrictions, account size, tax considerations, time horizon, and various other factors. Therefore, the performance of our discretionary client portfolios that implement similar asset allocation model portfolios will differ from each other as well as from that of the asset allocation model portfolios. INVESTMENT CONSULTING SERVICES We offer investment consulting services to address your needs with general investment and product-based advice and education. Our investment consulting guidance includes:  Developing an investment policy statement;  Asset allocation study;  Investment manager search; and  Monitoring your investment portfolio. RETIREMENT PLAN SERVICES L&W is a “fiduciary” as that term is defined in Section 3(21) of the Employee Retirement Income Security Act of 1974 (“ERISA”), and Section 4975(e)(3) of the Internal Revenue Code of 1986 (“Code”), as applicable when providing recommendations to retirement investors and plans. We offer fiduciary-based advisory and non-fiduciary consulting functions to retirement plans consulting services, which includes the development of an investment policy statement, general investment education, investment manager selection, recommendation of a plan’s qualified default investment alternative, quarterly reporting, transition guidance, and an analysis of plan costs. Our services can be structured as Section 3(21) plan consulting and advice or as Section 3(38) discretionary investment management. We also offer RFP process management; plan design, benchmarking services, ongoing investment recommendation and assistance, and employee enrollment and education. WRAP FEE PROGRAMS Currently, we do not sponsor any “wrap-fee” programs nor are we a participant as an investment manager in a wrap program. NON-MANAGED COURTESY ASSETS In some circumstances, we agree to report investment assets of the Client without providing investment management services or advice. For these assets, we will not direct the investment or reinvestment of those assets; however, we will consider those assets in the overall asset allocation decisions of the accounts in which we do have discretionary investment authority unless otherwise directed by the Client. Any trades placed by L&W for non-managed courtesy assets will be solely on a non-solicited, non-discretionary basis, as requested and directed by the Client. The Client also may make trades in these accounts without consulting us. Because we have no monitoring responsibility, we are not responsible for ensuring that the investments made in the non-managed courtesy assets conform to the Client’s financial circumstances, investment objectives, investment time horizon, and risk tolerance, even if such information is available to us within the custodian’s platform. However, we assist the Client procedurally, upon request, in imposing guidelines, restrictions or other client directed tasks for such assets.