Ownership Eide Bailly Advisors, LLC (henceforth referred to as “Advisor” or “We”) is an investment advisor registered with the Securities and Exchange Commission since September 2005. We are a South Dakota corporation that is wholly owned by holding company Eide Bailly Financial Services, LLC., which is wholly owned by Eide Bailly, LLP. We are under common ownership with Eide Bailly Agency, LLC. an insurance agency and Eide Bailly Securities, LLC, a limited use broker/dealer registered with FINRA. Some employees are also insurance agents of Eide Bailly Agency, LLC. and some management personnel are also registered representatives with Eide Bailly Securities, LLC. However, Eide Bailly Securities has no active business lines and has no Client accounts. We offer personalized services including financial planning, consulting, and asset management to individuals, trusts, estates, pensions and profit-sharing plans, business entities, as well as charitable organizations. Clients are free to choose one or more services without any obligation to engage us or Eide Bailly LLP, it’s partners, employees or any other affiliates. We listen and learn what is important to you. In order to identify Client objectives, we ask about your goals, time horizons, risk tolerance, tax status and liquidity needs. We gather information on your unique situation then analyze to develop recommendations to educate you on your options and help you make informed decisions. Analysis and advice is provided through consultation with each Client and may include determination of financial objectives, identification of financial problems, cash flow management, risk management, investment management, education funding, retirement, tax planning and estate planning. We may also request to collaborate closely with other professionals such as your CPA or attorney to provide you with the best possible recommendation(s). Item 5, Fees and Compensation, gives a more thorough description of fees so that clients and prospective clients (“Clients” or “you”) can review the services. Financial Planning Financial planning is offered to help individuals and families determine and set their long-term financial goals, build and preserve wealth through investment strategy, asset allocation, risk management, retirement planning, estate and tax planning from an investment management perspective, cash flow planning, charitable planning, business transition planning and other additional areas if applicable. The role of a financial planner (Planner) is to find ways to help clients understand their overall financial situation and help them set financial objectives. Planner services may be one time (standalone) or ongoing financial planning (ongoing when added upon agreement to our asset management services) in the form of online interactive plans via the WealthOne Client Portal. Planning services do not involve actively managing your accounts, but instead focus on your overall financial situation or specific topic-based planning that focus on an issue or area of concern to you. Generally, Planner recommendations are generic in nature and do not involve the recommendation of specific investment or other products. If you elect to implement our recommendations, we suggest you work closely with your attorney, accountant, insurance agent and/or broker. Whether or not you choose to implement our recommendations or use other professionals is entirely your decision and under separate fee engagement. We have no referral fee arrangements between Eide Bailly LLP and Eide Bailly Advisors, LLC or others. Clients are free to accept or reject any recommendations and use any professional or firm to help implement recommendations. Consultations We offer one time or recurring financial or investment strategy advice through consultations on any specific Eide Bailly Advisors, LLC 5 Disclosure Brochure topic(s) of interest or concern to you. Consultations can involve a single meeting or multiple meetings. No written plan is provided with consultations. We don’t regularly provide Pension Consulting Services, but if requested, will do so under our Consultations fee agreement. Asset Management Services Separately or if selected, concurrently with the above, we provide personalized asset management fee-based services by assisting with investment strategy and selection, monitoring investment performance, and risk analysis to suit your needs, goals, objectives and risk tolerance. We continuously monitor your account(s) and make trades (if discretionary) or recommend trades (non-discretionary) for your account(s) when necessary. When requested, we craft a personalized investment policy statement (IPS) to fit your risk tolerance, goals and objectives. This IPS can be modified at any time after a consult with the Advisor. At least annually, we contact you to determine whether your financial situation or investment objectives have changed, or if you want to impose and/or modify any reasonable restrictions on your accounts. We are always reasonably available to consult with you relative to the status of your accounts. You have the ability to impose reasonable restrictions on the management of your accounts, including the ability to instruct us not to purchase certain securities. Your beneficial interest in a security does not represent an undivided interest in all the securities held by the custodian, but rather represents a direct and beneficial interest in the securities which comprise the account. Your account(s) are maintained by a separate custodian and you retain ownership rights for your account(s) (e.g., the right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations). Advisor has a minimum assets under management of $500,000 per Client household. Sub-Advisors In order to address a client’s investment objective, we sometimes recommend allocating a portion of client assets to outside, or unaffiliated, money managers (“Sub-Advisors”) that are registered or exempt from registration as investment advisors. Sub-Advisors are responsible for continuously monitoring investment vehicles, performance and client accounts which includes making trades for client accounts when necessary. Sub-advisors typically have minimum account sizes that can vary between $10,000 and $250,000 depending on the firm. We will discuss these account minimums with the Client prior to making a recommendation with any Sub-Advisor. Qualified Retirement Plans We offer Qualified Retirement Plan advisory services for sole proprietors and various types of business entities separately or in combination. Primarily for pensions, profit sharing plans, cash balance plans, 401(k) or 403(b) plans. When engaged for Employee Retirement Income Security Act of 1974 as amended ("ERISA"), for 3(21) services we acknowledge our status as a fiduciary to the plan on a non- discretionary basis. These services typically include the following:
• Selection of Investments – We help Clients review options and investment selections for the plan
• Monitoring Investment Performance – At least annually, review the performance of the Plan’s investment

options and participant statistics
• Employee Communications – For clients maintaining control over their own account (“self-directed plans”), we may provide educational support designed for plan participants. The nature of topics covered will be determined by Advisor and the client under Employee Retirement Income Security Act (“ERISA”) Section 404(c). The educational support or information will not provide individualized, tailored investment advice. We do not act as a Plan Administrator or Recordkeeper. We may refer you to an outside Third Party Administrator (TPA) or attorney to assist, under a separate engagement agreement, for example, with plan design, document generation, testing and compliance services. TPA and/or Recordkeeping fees are distinct and separate from our fees for advisory services. Clients are free to choose their own providers without any Eide Bailly Advisors, LLC 6 Disclosure Brochure obligation to engage us or any affiliated companies or strategic partners for TPA services. Please see Item 10, Other Financial Activities and Affiliations, for further information. Seasons Direct Seasons Direct is an automated investment program (the “Program”) that clients open at Charles Schwab & Co., Inc. (“CS & Co.”) through which clients are invested in a range of tailored investment strategies we have constructed and manage pursuant to discretionary investment authority, each consisting of a portfolio of exchange-traded funds (“ETFs”) and a cash allocation. Seasons Direct investments are managed as a model portfolio which aggregates clients, not individual portfolio asset analysis. Client may instruct us to exclude up to three ETFs from their portfolio. The client’s portfolio is held in a brokerage account opened by the client at Charles Schwab & Co., Inc. (“CS & Co”). We use the Institutional Intelligent Portfolios® platform (“Platform”) offered by Schwab Performance Technologies (“SPT”), a software provider to independent investment advisors and an affiliate of CS & Co., to operate the Program. We are independent of and not owned by, affiliated with, or sponsored or supervised by SPT, CS & Co., or their affiliates (together, “Schwab”). We, and not Schwab, are the client’s investment advisor and primary point of contact with respect to the Program. We are solely responsible for determining the appropriateness of the Program for the client, choosing a suitable investment strategy and portfolio for the client’s investment needs and goals, and managing that portfolio on an ongoing basis. We have contracted with SPT to provide us with the Platform, which consists of technology and related trading and account management services for the Program. The Platform enables us to make the Program available to clients online and includes a system that automates certain key parts of our investment process (the “System”). The System includes an online questionnaire that helps us determine the client’s investment objectives, risk tolerance and select an appropriate investment strategy and portfolio. Clients should note that we will recommend a portfolio via the System in response to the client’s financial situation and objectives as well as answers to the online questionnaire. The client then indicates an interest in a portfolio that is one level less or more conservative or aggressive than the recommended portfolio, but we make the final decision and select a portfolio based on all the information we have about the client. The System also includes an automated investment engine through which we manage the client’s portfolio on an ongoing basis through automatic rebalancing and tax- loss harvesting (if the client is eligible and elects). The Seasons Direct digital program minimum is $5,000. We charge clients a fee for our services as described under Item 5 Fees and Compensation. Clients pay brokerage commissions, transaction costs or any other fees to the qualified custodian CS & Co. as part of the Program. Schwab does receive other revenues in connection with the Program. We don’t pay SPT fees for the Platform so long as we maintain $100 million in client assets in accounts at CS & Co. that are not enrolled in the Program. This fee arrangement gives us an incentive to recommend or require our clients with accounts not enrolled in the Program be maintained with CS & Co. Other Services Any other professional services offered by Eide Bailly LLP, employees, partners, or affiliates are offered and billed in addition to and separate from this program. IRA Rollovers Clients, when looking to rollover their account from an employer retirement plan or other qualified accounts have options or any combination of these options. Clients may 1) leave assets where they are at 2) roll over to IRA or other qualified account 3) roll into new employer plan or 4) cash out the account value (which could result in higher taxes and/or penalties depending upon account owner age/circumstances). We have an economic incentive to recommend a rollover of accounts to our asset management, which creates a conflict of interest if we will earn new (or increase current) compensation as a result of the rollover. To manage this conflict of interest arising from rolling over funds we will (i) not recommend investments which result in us receiving unreasonable compensation and (ii) fully disclose relevant information about the applicable fees we charge for advising and (iii) disclose any material conflicts of interest related to us and (iv) refrain from making any materially misleading statements regarding such rollover. Eide Bailly Advisors, LLC 7 Disclosure Brochure We acknowledge our fiduciary obligations for our investment advice on whether to maintain, rollover or distribute proceeds from retirement plans or other qualified accounts to accounts managed by us as Advisor. We strive to act with care, skill, prudence, and diligence in the best interest of our clients. The decision to take any distribution or rollover assets from any account always resides with the Client themselves. Please refer to Item 5, Fees and Compensation and Item 8, Methods of Analysis, Investment Strategies and Risk of Loss for more information. Tailor Advisor Services to Needs of Clients Our services are always provided based on your specific needs. You have the ability to impose restrictions on your accounts, including specific investment selections and sectors. However, we will not enter into an investment advisor relationship with a prospective client whose investment objectives may be considered incompatible with our investment philosophy or strategies, or where the prospective client seeks to impose unduly restrictive investment guidelines. We will notify you if our services no longer seem to be a good fit with your specific financial objectives or situation. We help Clients invest in various strategies and investments; including but not limited to products such as municipal or corporate bonds, stocks, ETFs, mutual funds, alternatives and any other investments deemed necessary for our client’s portfolios. Please note that the Investment Advisor Representative on your account can be changed by Advisor in order to provide you with the best possible service. You have sole discretion about whether or not to contract for our services or any recommendations to use other professionals. In addition, you have sole discretion about whether or not to implement any Advisor recommendations. If you do decide to implement recommendations, you are responsible for taking any actions or implementing any transactions required. You are free to select any professional broker/dealer, insurance agent, CPA, attorney to follow up or implement our recommendations. Please see Additional Compensation, below. Client Assets Managed by Advisor The amount of Client assets managed by Advisor totaled $ $1,325,396,106.79. Of the assets under management, $883,379,474.77 is managed on a discretionary basis and $442,016,632.02 is managed on a non- discretionary basis as of April 30, 2023.