Hanseatic Management Services, Inc. (“Hanseatic”) was founded on June 9, 1995 and is currently owned equally by Russell T. Sanderson, Brian R. Stangel , and Amy M Stangel. Hanseatic is in the business of providing investment advisory services by way of investment management, model portfolios, investment advice, and financial planning. Hanseatic uses its own proprietary investment process to provide investment management services on a discretionary basis through separately managed accounts or through sub-advisory agreements to non-affiliated registered investment advisors who utilize separately managed accounts or wrap fee programs. Hanseatic has experience working with the following types of clients for investment management services: large public pension funds, union funds, corporate funds, family offices, fund of funds, registered investment advisory firms, small business clients and individual clients. Individual client accounts include qualified and non-qualified accounts. Hanseatic uses the following asset classes in its product suite: equities, fixed income, real estate, precious metals, and cash equivalents. Investments are made either directly into a security or through ETF’s, depending on the strategy. For investment management, Hanseatic’s product suite includes: Domestic Equity Strategies (Large Cap Equity, All Cap Growth Equity, All Cap Tax Efficient Equity, and Small Cap Equity), Targeted Risk Strategies (Balanced Risk and Conservative Risk), Dynamic Strategies (Tactical Asset Allocation ranging from Growth to Conservative over 5 strategies), and Cash Management Strategies (Treasure Bills). Hanseatic also supplies model portfolios based on its own proprietary investment process on investment platforms designed to distribute investment products to registered investment advisors and their investment advisor representatives. Hanseatic supplies model portfolios on a non-discretionary basis without the ability to effect trading. Assets attributable to model portfolios are not included in Hanseatic’s regulatory assets under management calculations, but rather are calculated separately as assets under advisement. With regard to investment management and model portfolios, Hanseatic uses its proprietary, quantitative investment process to construct diversified portfolios that dynamically adapt to changing market environments while actively managing risk. The robust investment process is driven by a team and has attracted top institutions as investors in the past. (See Section 8, “Methods of Analysis, Investment Strategies, and Risk of Loss”) Hanseatic provides investment advice services to client retirement savings accounts where investments are not directly managed with a Hanseatic product. Hanseatic advises ~ 5 ~ on asset allocation, fund selection, market risk, performance, cost, and capital preservation for established choices within a client’s retirement plan. A client does not have to maintain a separately managed account with Hanseatic (investment management services) to engage Hanseatic for its investment

advice services. Hanseatic provides investment advice on a discretionary as well as non-discretionary basis. Lastly, Hanseatic provides single issue or comprehensive financial planning to clients. If an engagement is for comprehensive financial planning, Hanseatic’s services include an analysis of a client’s current investments. Separate written investment advice and/or investment management agreement(s) is/are executed based on a client’s unique goals, circumstances, risk tolerance and risk capacity for ongoing services for investments. A client does not have to maintain a separately managed account with Hanseatic (investment management services) to engage Hanseatic for its financial planning services. With regard to financial planning, Hanseatic provides comprehensive planning advice and primarily focuses on areas of cash flow management, debt management, investment planning, estate planning, tax planning, and retirement funding. Hanseatic has a conflict of interest whenever it provides investment advice with comprehensive financial planning services. If appropriate after analysis, Hanseatic will recommend itself as the investment manager and recommend its investment products or will recommend itself as an investment advisor. Hanseatic utilizes client interviews, risk questionnaires, software analysis, and statement analysis of current investments to make investment recommendations. Hanseatic also utilizes a network of professionals for comprehensive financial planning and/or specific financial planning objectives, such as tax preparation and planning services. Hanseatic does not provide legal services for estate planning. Only with consent from a client will Hanseatic work with other professionals to assist with coordination and implementation of agreed upon strategies. Fees for services by other professionals are charged in addition to Hanseatic’s fees and either billed directly from the other professional or through Hanseatic. Hanseatic will disclose any material conflicts of interest by the firm or any of its employees that could reasonably be expected to impair the rendering of unbiased and objective planning advice. Depending upon each client’s unique circumstances, objectives, and preferences, Hanseatic tailors its services to the individual needs of its clients. Hanseatic requires a written agreement with each client outlining the scope of services. Investment management services, model portfolio services, investment advice services, and financial planning services all require distinct written agreements. When Hanseatic has discretion over an investment account, it manages each account in accordance with investment guidelines set by the client. If clients impose restrictions on investing in certain securities or types of securities it is addressed in the written agreement. ~ 6 ~ As of December 31, 2023, Hanseatic had $105.9 million in assets under management, $83.4M of which were in discretionary accounts, $22.5M were in non-discretionary accounts. As of December 31, 2023, Hanseatic had $97k in assets under advisement.