A. Ownership/Advisory History Kaiser Wealth Management is a Registered Investment Adviser based in Cheyenne, Wyoming. Kaiser Wealth Management was originally known as Western Asset Management and has been in existence since September 1998. Kaiser Wealth Management is owned by Todd Bishop. B. Advisory Services Offered Kaiser Wealth Management contracts with independent advisor representatives. These advisor representatives each have their own way of assisting clients in managing their assets and achieving their investment goals. The advisor representatives may use any of the following investment programs. INVESTMENT ADVISORY MANAGED PROGRAMS (REP MANAGED) Kaiser Wealth Management has a platform for Investment Advisor Representatives and client’s to develop a custom portfolio of certain classes of no-load and load waived mutual funds, equities, fixed income securities, UITs, variable products, options, partnerships, including interest in equipment leasing and housing tax credits, cash and cash equivalents. Custody of assets and funds are maintained through a “fully disclosed” clearing arrangement between Pershing LLC (Pershing) and Geneos Wealth Management. The client, Kaiser Wealth Management and the Investment Advisor Representative enter into a Client Services Agreement. Kaiser Wealth Management, through the Investment Advisor Representative provides asset management services that include an initial consultation, completion of a client profile, and any reasonable account restrictions. Based upon the consultation and client profile, a model portfolio ("Recommendation") will be presented to client. Using the Recommendation as a guide, the Investment Advisor Representative will manage client's account in accordance with the client profile and reasonable restrictions by purchasing and/or selling securities in the account. Securities may include individual stocks, bonds, and shares of "no-load" mutual funds or "front-end load" mutual funds purchased at net asset value (NAV). Geneos Wealth Management acts as broker for transactions and routes all transactions through its clearing firms. The Clearing Firm executes all transactions and is the qualified custodian for all rep managed accounts. The Clearing Firm provides clients with either a monthly account statement and/or quarterly account statement depending upon the account activity. At a minimum, client will receive a quarterly account statement from The Clearing Firm. In addition to the investment advisory fee, the clients may be charged account maintenance fees and transaction charges for trade execution in accordance with the pricing forms provided by the individual Clearing Firm and furnished by the Investment Advisor Representative. Managed accounts are designed as a long-term investment vehicle. Asset or cash withdrawals may impair the achievement of client's investment objectives. Client is advised that the investment recommendations and advice offered by Investment Advisor Representatives of Kaiser Wealth Management are not legal or accounting advice. Client should coordinate and discuss the impact of financial advice with their attorney and/or accountant. THIRD PARTY PROGRAMS Kaiser Wealth Management has entered into agreements with various third party managers. Under these agreements, Kaiser Wealth Management offers client various types of programs sponsored by these Third Party Managers. Certain third party managers may be affiliated with Kaiser Wealth Management. After gathering client profile information, an Investment Advisor Representative will assist the client in selecting one or more suitable Third Party Manager Programs or services or in selecting a particular advisory program or service. Client will execute account-opening documents with Kaiser Wealth Management and of the Third Party Manager of program selected. The advisory relationship may be terminated by the client, Kaiser Wealth Management, or the Third Party Manager in accordance with the provisions of these agreements. Listed below are general descriptions of the types of third party programs available: Direct Asset Management Programs: In this program, the Third Party Manager manages the account in accordance with the disclosures set forth in their documents. The Third Party Manager may assume discretionary authority over the account. Kaiser Wealth Management will not manage or obtain discretionary authority over the assets in accounts participating in these programs. Manager Selection Programs: In this program, the Third Party Manager who sponsors the program evaluates other investment advisers and selects certain of those advisers to participate as portfolio managers in the program. In certain programs, the client reviews the list of the participating portfolio managers with the Investment Advisor Representative and selects one or more portfolio managers from that list to manage the account. In other programs, the program sponsor selects the portfolio manager(s). The portfolio manager(s) manage the account and may assume discretionary

authority over the account. Certain portfolio managers may be affiliates of Kaiser Wealth Management. The selection of such advisers might be deemed to create a conflict of interest for Kaiser Wealth Management because it results in an increase in compensation to Kaiser Wealth Managements' affiliates. Client is advised that the investment recommendations and advice offered by Investment Advisor Representatives of Kaiser Wealth Management are not legal or accounting advice. Client should coordinate and discuss the impact of financial advice with their attorney and/or accountant. Please refer to Fees and Compensation for related expenses for Third Party Programs. FINANCIAL PLANNING AND CONSULTING SERVICES Kaiser Wealth Management, through certain Investment Advisor Representatives, provides financial planning and consulting services. These services will be provided to clients in accordance with the terms of an Advisory Service Agreement. The details of the actual services rendered and the fees charged to a specific client in connection with such services will be set forth in the client's Advisory Services Contract. The services provided can generally be categorized as one, or a combination of the services set forth below. Not all Investment Advisor Representatives provide financial planning and consulting services. The general categories of financial planning/consulting services are as follows: Hourly Financial Consulting: Client may retain an Investment Advisor Representative of Kaiser Wealth Management to provide financial consulting service for an hourly fee. The actual consulting service to be performed and an estimate of the total fee will be disclosed in the Advisory Services Contract. Fixed Fee Services: Client may retain Investment Advisor Representative to provide a one-time financial plan, a portfolio analysis, and/or an investment policy statement for a fixed fee. Clients will typically have five days after signing an agreement with Kaiser Wealth Management to terminate the agreement without penalty. Fixed Periodic Fee: Clients may retain Investment Advisor Representatives of Kaiser Wealth Management to provide a financial plan, similar to the one-time financial plan described above, plus updates to the plan and financial consulting services for a Quarterly in Advance, Quarterly, Semi-Annually or Annually. Percentage of Assets: Clients may retain Investment Advisor Representatives of Kaiser Wealth Management to provide financial consulting services based on assets held outside of Kaiser Wealth Management. The actual consulting service to be performed and an estimate of the total fee will be disclosed in the Advisory Services Contract. Investment Advisor Representatives offer services of other independent registered investment advisers, financial planning, investment products, and products and services offered through Geneos Wealth Management, or fixed insurance products as licensed life agents. Not every Investment Advisor Representative will offer all of these services. Because Kaiser Wealth Management and the Investment Advisor Representative may receive different fees depending on the services offered and because not all Investment Advisor Representatives offer each type of service, the Investment Advisor Representative may have a financial incentive to recommend one type of advisory service over another. Most clients will receive advisory services through Kaiser Wealth Management’s Investment Advisor Representatives and brokerage services and/or direct investment products through Geneos Wealth Management’s RRs. Whether a client uses brokerage, direct, advisory services, or a combination depends on the client’s profile, investment style, and trading preferences. Because Investment Advisor Representatives/RRs may receive different compensation depending on the services engaged, there may be a financial incentive to recommend one type of service over another or a combination of services over a single service. Client is advised that the investment recommendations and advice offered by Investment Advisor Representatives of Kaiser Wealth Management are not legal or accounting advice. Client should coordinate and discuss the impact of financial advice with their attorney and/or accountant. C. Tailored Services For clients in the Rep Managed platforms, Investment Advisor Representatives may be granted discretionary authority via the client services agreement. Investment Advisor Representatives will have authority to determine the securities to be purchased or sold and the amount of securities that are purchased or sold. Clients have the right to restrict this discretionary authority by notifying the Investment Advisor Representative and/or Kaiser Wealth Management in writing of any and all limitations. D. Wrap Program Kaiser Wealth Management currently does not utilize a rep as portfolio manager wrap program. E. Client Assets Managed As of December 31, 2023, Kaiser Wealth Management has approximately $34,557,687.58 in discretionary assets under management.