A. Description of the Advisory Firm Live Oak Wealth Management, LLC (hereinafter “LOWM”) is a Limited Liability Company organized in the State of Louisiana. The firm was formed in April 1996, and the principal owner is Stephen Satterlee. B. Types of Advisory Services Portfolio Management Services LOWM offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. LOWM creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not limited to, the following: • Investment strategy • Personal investment policy • Asset allocation • Asset selection • Risk tolerance • Regular portfolio monitoring LOWM evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. All portfolio management services are provided on a discretionary basis only. LOWM will request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. LOWM seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of LOWM’s economic, investment or other financial interests. To meet its fiduciary obligations, LOWM attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, LOWM’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is LOWM’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent among its clients on a fair and equitable basis over time. Selection of Other Advisers LOWM may direct clients to third-party investment advisers. Before selecting other advisers for clients, LOWM will verify that all recommended advisers

are properly licensed, notice filed, or exempt in the states where LOWM is recommending the adviser to clients. Estate Planning Services Estate Planning services can include everything from reviewing a client’s wills, trusts and corporate entities, recommending possible designed improvements or changes to their existing estate plan and proposing trust and corporate structure design services. Financial Planning Financial plans and financial planning may include, but are not limited to: investment planning; retirement planning; tax planning; insurance planning; college planning; and debt/credit planning. Educational Seminars/Workshops LOWM provides Educational Seminars and Workshops that are an informal monthly lunch meetings in our large conference room where we explain the overall services of our firm, our portfolio management services and specific security offerings. Services Limited to Specific Types of Investments LOWM generally limits its investment advice to equities, exchange traded funds (ETF’s), mutual funds, fixed income securities, real estate funds (including REITs) alternatives (including cryptocurrency)and insurance products including annuities. LOWM may use other securities as well to help diversify a portfolio when applicable. C. Client Tailored Services and Client Imposed Restrictions LOWM offers the same suite of services to all of its clients. However, specific client investment strategies and their implementation are dependent upon the client Investment Policy Statement which outlines each client’s current situation (income, tax levels, and risk tolerance levels). Clients may not impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. D. Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, and certain other administrative fees. LOWM does not participate in wrap fee programs. E. Assets Under Management LOWM has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $ 30,403,665 $0.00 December 2023 LOWM also has Assets Under Advisement of $136 Million.