BLB&B Advisors, LLC, a Registered Investment Adviser registered with the United States Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940, provides investment management services to individuals, institutions, business owners and non-profit organizations. As of December 31, 2023, BLBB managed approximately $2,298,183,437 of which $2,250,132,252 was managed on a discretionary basis. BLBB’s investment advisory services include portfolio structuring, monitoring and researching of portfolio positions, implementing asset allocation strategies within portfolios, providing portfolio analysis, providing personalized financial planning, and periodically conducting client conferences and educational seminars. While BLBB generally manages assets on a discretionary basis, client assets may be managed on either a discretionary or non-discretionary basis and clients may impose certain restrictions on investing in certain securities or specific types of securities. The amount of equities and/or fixed income to be bought and/or sold varies by client based on the size, emphasis, and overall goal of each portfolio, as discussed and coordinated with each specific client. BLBB does not participate in any wrap fee programs. Financial Planning As part of the advisory services provided to clients, BLBB provides financial planning which integrates different aspects of the client’s current financial situation to develop a plan that allows BLBB to help the client meet their goals and objectives. During the financial planning process, clients participate in meetings to identify and prioritize their objectives, gather and provide information, evaluate recommendations, and track progress against each client’s goals. The financial planning relationship could include meetings with the client’s other specialized advisors (attorneys, accountants, etc.). Depending on the client’s objectives, a formal written financial plan could cover general financial planning, estate planning, educational fund planning, business succession planning, individual tax planning, business planning, retirement planning, corporate retirement planning, risk management and insurance planning. While BLBB might make observations relating to legal or tax issues, BLBB does not provide legal or tax advice. A BLBB financial plan generally consists of observations, assumptions, strategies, and recommendations. The client is generally presented with a formal written plan based on the information they have provided. The client could choose to implement all or part of the plan through BLBB or another professional of their choice. For certain consulting or ad-hoc requests, a written summary might not be provided. Where a financial planning client has also engaged BLBB to provide investment advisory services, financial plan recommendations could create a potential conflict between the interests of the advisor and that of the client. For instance, if a financial planning recommendation were to increase the level of investment assets with the advisor, it would increase the advisory management fee paid to the advisor. While BLBB generally prefers to provide investment advisory services to BLBB financial planning clients, financial planning clients of BLBB are under no obligation to engage BLBB for investment advisory services. Financial Planning for Business Owners For business owners, their business is often their largest asset. Through our entrepreneurial financial management offering, BLBB provides business owners trusted, knowledgeable counsel on how to maximize the value of that asset and recommend real-world implementable management controls, in an effort to mitigate risk to the business/entrepreneur. A financial plan for business owners incorporates various factors which may include, but are not limited to, strategic planning for the business, financing flexibility/efficiency, prudent risk management

(insurance, legal structure, human resources), and exit/succession planning in line with the entrepreneur’s personal and family goals. BLBB has engaged an independent third-party consultant to provide these services to BLBB clients. BLBB, in its sole discretion, may pay some or all of these business consulting fees on behalf of the client. ERISA Fiduciary Services Certain services are provided as a fiduciary to specifically designated ERISA plans based on applicable definitions (contained in ERISA Section 404(a), IRC §4972, the Investment Company Act of 1940, and state laws). In performing the following services, BLBB will act as a fiduciary as defined by ERISA Section 3(21) or ERISA Section 3(38). The services provided could include investment advice to the Plan Sponsor, Preparation of the Investment Policy Statement (IPS), Investment Menu Design, Selection of a Qualified Default Investment Alternative (QDIA), Performance Monitoring, Performance Reports, and Participant Education. When BLBB provides investment advice to you regarding your retirement plan account, individual retirement account, or other qualified asset under ERISA, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so BLBB operates under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Clients can engage BLBB to provide either education or recommendations with respect to qualified ERISA assets including: ▪ from a qualified plan to an IRA; ▪ from an existing third-party IRA to a BLBB IRA; ▪ changing the account type of an existing BLBB IRA; ▪ from a qualified plan to another qualified plan; and ▪ from an IRA to qualified plan rollover. Such provisions also extend to other qualified assets such as Education Savings Accounts and retirement annuities. Clients should fully understand all of the conflicts, risks, costs & expenses, as well as potential benefits associated with moving qualified retirement assets. Clients are under no obligation to accept or follow BLBB’s recommendations. Rollover Recommendations A conflict of interest arises when we make recommendations about retirement plan distributions and rollovers to IRAs, IRA to IRA transfers, IRA to plan rollovers, plan to plan rollovers, and changes of account types for a retirement plan or IRA (each, a “rollover recommendation”) if it results in us receiving compensation that we would not have received absent the recommendation, for example, fees for advising or managing the investments in a rollover IRA. We mitigate this conflict through a prudent process to develop an informed recommendation that a rollover is in the best interest of the client. No client is under an obligation to roll over retirement plan or IRA assets to an account advised or managed by us. When we make a rollover recommendation, it is fiduciary advice under the Investment Advisers Act of 1940 (the “Advisers Act”). Also, when we provide investment advice to a plan participant about his/her retirement plan account or to an IRA owner about his/her IRA, which includes rollover recommendations, we are a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (the “Code”), as applicable, which are laws governing retirement accounts. In addition to being a conflict of interest, it is also a prohibited transaction under ERISA and/or the Code when we receive compensation as a result of the rollover. In that circumstance, we will comply with the conditions of exceptions to the prohibited transaction rules (e.g., an applicable prohibited transaction exemption such as PTE 2020-02).