Who We Are FBB Capital Partners1 (hereinafter referred to as “FBB”, “the Company”, “we”, “us” and “our”) is a Delaware Limited Liability Company organized in November 2000 as a fee-only registered investment advisor2 offering comprehensive wealth and risk management services designed to assist you, our client3, achieve a steady growth of capital and a predictable stream of income that will allow you to lead a more financially secure life. Owners The following persons control the Company: Name Title CRD# Julian, Incorporated Holding Company & Managing Member of FBB Capital N/A Susan B. Fulton Founder & President of Julian Incorporated 719294 Michael J. Mussio Managing Member – President 4273011 Stein A. Olavsrud Managing Member – EVP & Chief Compliance Officer 4055485 Bridget M. Simpson Managing Member – Director of Operations 4766446 Our Mission Our mission is to provide you peace of mind and confidence and to be your trusted partner as together we explore a financial course to fulfill your monetary needs now and in the future. As your advocate, we want to be the resource you turn to for clear, objective, and sound investment advice. Together we will do our best to keep you focused on where you want to go, offer advice on how best to get there, and continually remind you of the importance of maintaining a disciplined financial strategy to realize your financial goals. Assets Under Management As of December 31, 2022, our assets under management totaled: Discretionary Accounts ....................................................... $1,636,130,105 Non-Discretionary Accounts ................................................. $0 1 FBB Capital Partners is the doing-business-as name for Fulton Breakefield Broenniman, LLC. 2 The term “registered investment advisor” is not intended to imply that Fulton Breakefield Broenniman, LLC has attained a certain level of skill or training. It is used strictly to reference the fact that we are “registered” as a licensed “investment advisor” with the United States Securities & Exchange Commission (the “SEC”) – and “Notice Filed” with State Regulatory Agencies that have limited regulatory jurisdiction over our business practices. 3 A client could be an individual and their family members, a family office, a foundation or endowment, a charitable organization, a corporation and/or small business, a trust, a guardianship, an estate, or any other type of entity to which we choose to give investment advice. What We Do We provide financial solutions designed to accomplish the financial goals you wish to achieve while being mindful of the legacy you wish to leave behind. We do not subscribe to a “one-size- fits-all” model. Instead, we take the time to learn about how you think and what is most important to you and your family or business. The focus of our advisory services begins with identifying your standards of living and quality of lifestyle expectations. We will accomplish this through an initial Discovery and Goal Setting meeting where we will review the financial documents we asked you to bring for discussion. Together questions will be asked, information shared, and an evaluation made as to whether we should move to the next step. During the meeting, we will:  Learn about your core values and guiding principles  Seek to understand your financial concerns and how you have been addressing them  Discover your financial objectives and what success looks like for you  Create an internal profile consisting of your current income and expenses, assets, career objectives, investment goals, risk tolerance and investment time horizon, targeted rate of return, and prior investment experience, along with personal information about your relationships, your values, and interests Moving forward, should you choose to engage us for our advisory services, we will begin the process of identifying your life goals (i.e., core values, family, monetary needs, future plans, etc.). We will make every effort to embrace these life goals and develop economic solutions that reflect how you define true wealth -- not us. Our services include: Portfolio Management Our Core Investment Strategy invests primarily in mid- to large-cap U.S. based equities (“stocks”) with a goal of providing long-term capital growth and steady income from a well- diversified strategy4. We favor companies in the early stages of a long-term transformation where the stock’s price has yet to reflect the improving fundamentals of the business. The FBB Core Investment Strategy also provides clients with portfolio diversification through ownership of international stocks and a range of fixed-income (“bond”) asset classes. Information regarding our management fee structure is disclosed under “Portfolio Management Fee” in Item 5, “Fees & Compensation” and further description of our investment strategies under Item 8, “Methods of Analysis, Investment Strategies & Risk of Loss”. Financial Planning In a world dominated by the news of how the market did (or didn’t) perform on any given day, it is easy to lose sight of the forest through the trees. For most of our clients, investing is a means to an end, the culmination of a lifetime of saving to achieve a personal or familial goal. It’s our job to help our clients define those goals in greater detail including timing and financial specificity as well. Financial planning is the necessary, yet often overlooked, blocking and tackling of one’s holistic financial well-being. It is an essential tool to help navigate unexpected events with the ultimate goal of providing the confidence and security necessary during both the working years (wealth accumulation) and retirement years (wealth distribution) of your life. However, such 4 You may, at any time,

impose restrictions in writing on the securities we may recommend (i.e., limit the types/amounts of particular securities purchased for your account, etc.). planning requires a lifetime commitment, not only from you but from us as well, your financial planner. Financial Planning Composition All forms of financial planning are a mutually defined review, analysis and evaluation of your personal financial needs and goals. In general, our financial planning may encompass one or more of the following areas of financial need as communicated by you:  Identify and clarify personal and family core values, mission, vision, and goals.  Preparation of the financial plan, which encompasses your:  Current financial situation.  Liquidity and asset preservation needs.  Wealth accumulation and growth.  Wealth distribution and transfer. More specifically planning may include, but is not limited to, the following modules:  Financial Statements – Cash Flow and Balance Sheet.  Savings and Emergency Reserves.  Asset Allocation and Investment Portfolio Analysis.  Potential Income Tax consequences in collaboration with your tax advisor.  Risk Management and Insurance Analysis.  Retirement Income Analysis.  Long-Term Healthcare.  Estate and Family Legacy Planning.  Business Succession Planning.  Outline of recommendations, strategies, solutions and resources.  Prioritizing and implementing the written action plan.  Investment consultations that allow us to create and implement a customized investment strategy tailored to your long-term investment goals.  Prepare a professional investment proposal that can include a written Investment Policy Statement (“IPS”), if requested.  Facilitate meetings with you and/or other specialists within our network.  Coordinate and facilitate meetings with family members, business associates, partners or other key individuals to assist with implementing your action plan. Preparing the Financial Plan We gather the necessary information to complete our analysis through personal interviews, review of various documents supplied by you, and completion of one or more profile questionnaires. Information gathered may include statements regarding your current financial status, a list of assets, insurance, wills and/or trust documents, income and expenses, Social Security eligibility, and other information5 based on your financial status and future goals. We rely upon information provided by you. We do not verify any information obtained from you or your attorney, accountant or other professionals, including information from custodial/investment statements. In the event that any such information provided is inaccurate or incomplete, the corresponding results or recommendations will be inaccurate or incomplete. We are not a law firm, accounting firm or an insurance agency, and no portion of our services should be construed as comprehensive financial planning or legal, insurance or accounting 5 All information provided by and to you will be kept entirely confidential. Such information will be disclosed to third parties only with mutual written consent or as may be permitted by law. advice. Rather, you should seek the advice of your attorney, insurance agent, accountant or other corresponding professional advisor with respect to those issues. We do not prepare estate planning documents or tax returns, nor do we sell insurance products. For information on our fees for financial planning, see “Financial Planning Fee” under Item 5, “Fees & Compensation” and “Financial Planning Compensation” under Item 14, “Client Referrals & Other Compensation.” Miscellaneous Disclosures Retirement Clients When it comes to your retirement account, you have four options to consider when transitioning employment from one employer to another, or for when you are seeking full retirement:  Leave the account assets in the former employer’s plan, if permitted;  Transfer the assets to the new employer’s plan, if one is available and transfers are permitted;  Transfer the account assets to an Individual Retirement Account (an “IRA”); or,  Cash out the retirement account assets (There will be tax consequences and/or IRS penalties depending on your age.). Should you approach us to advise you on which option would be the best for your particular situation, we have an economic incentive to recommend you transfer your retirement account to a managed IRA account with us where we would earn a management fee on the assets. This can create a potential conflict of interest; the objectivity of the advice we render can be subjective and a cost to you. Therefore, if we recommend you transfer your retirement account to an IRA account, you are under no obligation to engage us to manage your assets. You are free to take your account anywhere. FBB is a fiduciary, as defined within the meaning of Title I of the Employer Retirement Income Security Act of 1974 (“ERISA”) and/or as defined under the Internal Revenue Code of 1986 (the “Code”) for any asset management and financial planning services provided to a client who is: (i) a plan participant or beneficiary of a retirement plan subject to ERISA or as described under the Code; or (ii) the beneficial owner of an Individual Retirement Account (“IRA”). Cash Positions We consider cash to be an asset class and will allocate a portion of your assets among various cash and/or cash equivalent positions for liquidity management, defensive, or other purposes. Therefore, we will include cash and cash equivalents as part of the aggregate fair market value of your portfolio when calculating our portfolio management fee. When assets are invested in cash and/or cash equivalents, our portfolio management fee could exceed the current yield on such cash positions. FEES & COMPENSATION