Description ..................................................................................................................................... 3 Fee Billing ...................................................................................................................................... 3 Other Fees ..................................................................................................................................... 4 Expense Ratios .............................................................................................................................. 4 Past Due Accounts and Termination of Agreement ........................................................................ 4 Item 5. Performance-Based Fees ...................................................................................... 5 Sharing of Capital Gains ................................................................................................................ 5 Item 6. Types of Clients ..................................................................................................... 5 Description ..................................................................................................................................... 5 Account Minimums ......................................................................................................................... 5 Item 7. Methods of Analysis, Investment Strategies and Risk of Loss .......................... 6 Methods of Analysis ....................................................................................................................... 6 Investment Strategies .................................................................................................................... 6 Risk of Loss ................................................................................................................................... 7 Item 8. Disciplinary Information ........................................................................................ 9 Legal and Disciplinary .................................................................................................................... 9 Item 9. Other Financial Industry Activities and Affiliations ............................................. 9 Financial Industry Activities ............................................................................................................ 9 Affiliations ...................................................................................................................................... 9 Item 10. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ............................................................................................................................... 9 Code of Ethics ............................................................................................................................... 9 Participation or Interest in Client Transactions ................................................................................ 9 Personal Trading .......................................................................................................................... 10 iv Item 11. Brokerage Practices .......................................................................................... 11 Selecting Custodial Firms ............................................................................................................. 11 Best Execution ............................................................................................................................. 12 Order Aggregation ....................................................................................................................... 12 Soft Dollars .................................................................................................................................. 12 Products and Services Available to AssetBuilder from Schwab ........................................................ 12 Products and Services Available to AssetBuilder from Dimensional Fund Advisors ....................... 14 Item 12. Review of Accounts ........................................................................................... 15 Periodic Reviews ......................................................................................................................... 15 Review Triggers ........................................................................................................................... 15 Regular Reports ........................................................................................................................... 15 Item 13. Client Referrals and Other Compensation ....................................................... 16 Incoming Referrals ....................................................................................................................... 16 Referrals Out ................................................................................................................................ 16 Other Compensation .................................................................................................................... 16 Item 14. Custody .............................................................................................................. 16 Account Statements ..................................................................................................................... 16 Performance Reports ................................................................................................................... 16 Item 15. Investment Discretion ....................................................................................... 17 Discretionary Authority for Trading ............................................................................................... 17 Limited Power of Attorney ............................................................................................................ 18 Item 16. Voting Client Securities ..................................................................................... 18 Proxy Votes ................................................................................................................................. 18 Item 17. Financial Information ......................................................................................... 18 Financial Condition....................................................................................................................... 18 Item 18. Business Continuity Plan .................................................................................. 19 General ........................................................................................................................................ 19 Disasters ...................................................................................................................................... 19 Alternate Offices ........................................................................................................................... 19 Loss of Key Personnel ................................................................................................................. 19 Item 19. Information Security Program ........................................................................... 19 Information Security ..................................................................................................................... 19 Privacy Notice

.............................................................................................................................. 19 Item 20. Brochure Supplement (Part 2B of Form ADV) .................................................. 21 Education and Business Standards .............................................................................................. 21 Kennon Grose, Founder, Chairman of the Board, & Chief Compliance Officer ............................. 21 Bruce Griffith, President & Chief Operating Officer ....................................................................... 22 Adam Morse, Director of Advising, Senior Advisor ........................................................................ 23 v Janet Griffith, CFP® , Senior Advisor ............................................................................................... 24 Hannah Vickery, Director of Operations ........................................................................................ 25 Joey Badinger, Lead Advisor ........................................................................................................ 26 Item 3. Advisory Business Firm Description AssetBuilder, Inc. (AssetBuilder), founded in 2006, is an investment and asset management advisory service registered with the Securities and Exchange Commission. AssetBuilder offers risk-managed portfolios comprised of mutual funds, ETFs and cash investments. These portfolios are designed to provide growth or income based on clients’ objectives using asset allocation. Asset allocation is the division of a portfolio’s investments among asset classes to balance expected risk and expected reward. These asset classes include small and large stocks, value and growth stocks, domestic and international securities, emerging market securities, real estate, government bonds and corporate bonds. AssetBuilder’s approach to asset allocation is influenced by the work of Nobel Prize laureates William Sharpe and Harry Markowitz, who shaped the role of financial science in investing through their development of Modern Portfolio Theory. Modern Portfolio Theory states that a portfolio diversified across asset classes offers the best opportunity for an investor to achieve the highest possible return for a given level of risk. AssetBuilder employs a “buy and hold” approach to asset management. The practice of this style of asset management is based on the belief that market timing is not proven as successful. The focus for the investor should be how much the investor can risk losing (conservative, moderate and aggressive) and how long they are willing to stay invested in the market. Clients who are interested in market timing are discouraged from opening an account at AssetBuilder. AssetBuilder is strictly a fee-only registered investment advisory firm. The firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. No commissions in any form are accepted. In addition, no finder’s fees are accepted. Investment advice is provided, with the client making the final decision on investment selection. The client may engage other professionals (e.g., lawyers, accountants, insurance agents, etc.) at their discretion to help them with their investment decision. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting, which may be by telephone, is free of charge and is considered an exploratory interview to determine the extent to which investment management may be beneficial to the client. Under government regulations, we are deemed to have custody of your assets if, for example, you authorize us to instruct a custodian to deduct our advisory fees directly from your account. The custodian maintains actual custody of your assets. You will receive account statements directly from the custodian at least quarterly. They will be sent to the email or postal mailing address you provided to the custodian. You should carefully review those statements promptly when you receive them. We also urge you to compare the custodian’s account statements with the periodic account statements and portfolio reports you will receive from us. The client always maintains asset control. AssetBuilder places trades for clients under a limited power of attorney. Principal Owners Kennon S. Grose is a principal owner. Types of Advisory Services The AssetBuilder advisory service includes: a) Consultation with Client to help Client decide upon a reasonable set of investment goals. b) Review of Client's current investment goals using expected risk and expected return. c) Assist the Client with preparation of an Investment Policy Statement. d) Assist the Client with portfolio allocation strategy and implementation of the Client’s investment policy statement. This will include consolidating portfolios, selecting new investments, transferring assets to discount broker. e) Provide the Client with ongoing periodic investment reports (i.e. market values, rates of return, interest and dividends, asset allocation, maturity and expiration alert, contributions, withdrawals and expenses, commissions, capital gains and losses) AssetBuilder encourages our clients to seek an investment policy review when major changes occur in our client’s life, or simply when the investment policy needs to be changed based on changes in expected risk or expected return. As of December 31, 2023, AssetBuilder manages approximately $686,998,579 in assets. 100% of assets under management are managed on a discretionary basis. Tailored Relationships Each investor has unique financial situations, investment time horizon, funding strategy, investment experience, tax status, risk tolerances, goals, and other life circumstances that dictate the constructed weightings of asset classes in their portfolio. AssetBuilder will endeavor to survey each prospective client to determine their investment goal. This investment goal will be expressed in the Client’s Investment Policy Statement (or similar document). Types of Agreements The following agreements define the typical client relationships. Asset Management Agreement AssetBuilder executes an Asset Management Agreement with each client. This agreement allows AssetBuilder to provide the aforementioned professional Advisory Services. A copy of the Asset Management Agreement can be obtained by request from AssetBuilder. Termination of Agreement The Asset Management Agreement shall remain in force until terminated by either party upon delivery of thirty (30) day written notice to the other party. Description At the beginning of each month, clients pay to AssetBuilder a fee calculated at an annual rate as indicated in the fee table below. The standard billing calculation is: Billed Market Value x Fee Rate x (Days in Cycle/365) = Fee Amount The fee is based upon the value of the client’s assets held during the previous calendar month. The fee amount may be adjusted according to cash flows in and out of the account during the fee cycle. AssetBuilder’s fee schedule is as follows: Value of Assets Annual Fee $ 0 - $ 350,000 .90 of one percent (90 basis points) $ 350,000 - $ 600,000 .70 of one percent (70 basis points) $ 600,000 - $ 1,000,000 .60 of one percent (60 basis points) $ 1,000,000 - $ 4,000,000 .40 of one percent (40 basis points) $ 4,000,000 – and above .35 of one percent (35 basis points) AssetBuilder is not compensated on the basis of a share of capital gains upon or capital appreciation of the funds or any portion of the funds of the client. AssetBuilder reserves the right to provide its services to other types of clients (such as participants in 401(k) plans) and in other contexts. AssetBuilder also reserves the right to vary its fee structure for such other types of clients and in such other contexts. Fee Billing All fees are billed pro rata, in arrears for the period covered, between the 1st and 15th of the month following the end of the previous calendar month. The advisory fee owed to AssetBuilder for any period of time less than a full calendar month shall be prorated based upon the proportion of time the incomplete period bears to the full-month period. It is further agreed by and between the parties that the client bears the cost of all securities purchased for the client as well as taxes, interest (if any), brokerage fees and commissions and custodian charges (if any). AssetBuilder, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed, related accounts, account composition, negotiations with clients, etc.). Other Fees The account qualified custodian/clearing agent for the investment management accounts imposes a fee for executing transactions and other custodial services in each client account. These charges are not retail broker commissions, and no part of the transaction charge is paid to AssetBuilder. The fees and charges imposed by the clearing agent are in exchange for facilitating the execution of trades and for the custody of the assets in the client’s account. In addition to transaction charges, the custodian may also impose various fees for transferring securities and for other services. These transaction fees are subject to change without warning. All brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the account are in addition to the investment management fees paid to AssetBuilder. The client bears responsibility for verifying the accuracy of fee calculations. Expense Ratios Mutual funds generally charge a management fee for their services as investment managers. The management fee is called an expense ratio. For example, an expense ratio of 0.50 means that the mutual fund company charges 0.5% for their services. These fees are in addition to the fees paid by you to AssetBuilder. Performance figures quoted by mutual fund companies in various publications are after their fees have been deducted. Past Due Accounts and Termination of Agreement If an AssetBuilder client account becomes delinquent with regard to management fees. AssetBuilder will follow the account termination process as defined in the asset management agreement.