Description of the Firm FSA has been in business as an SEC registered investment advisory firm since March 2012.1 FSA is principally owned by the founders Nancy Lowrey and John Hosman. FSA focuses on culture, integrity, knowledge, service and trust in an effort to provide its clients with financial services aimed at securing financial strength now and for future generations. The Firm seeks to provide unprecedented customer service to its clients while developing each client’s trust through honesty and transparency. The Firm believes in taking a comprehensive and customized approach to each client’s needs. Investment Advisory Services FSA generally provides clients with wealth management services which include financial planning and consulting services, as well as the discretionary and non-discretionary management of investment portfolios. Financial planning services may include business planning, investments, insurance, retirement, education, estate planning, and tax and cash flow needs of the client. In addition, the Firm may also specifically provide Tribal clients with cash management, minor trust, elder trust, enterprise consulting, and other advisory consulting services. FSA primarily allocates clients’ investment management assets among mutual funds, exchange-traded funds (“ETFs”), separate account managers, and individual debt and equity securities in accordance with the investment objectives of the client. In addition, FSA may recommend that clients who are “qualified purchasers” under 15 USC Section 80a-2(a)(51) or “accredited investors” as defined under Rule 501 of the Securities Act of 1933, as amended, invest in private placement securities, which may include debt, equity, and/or pooled investment vehicles when consistent with the clients’ investment objectives. FSA may also provide advice about any type of investment held in clients' portfolios as needed. The type of investment varies depending on whether the strategy is provided to an individual or institutional client. FSA may also provide advice regarding held away and legacy assets, such as retirement plan accounts, concentrated stock positions, variable annuities, private placement securities, cash, and other related types of positions. Client Tailored Engagements FSA

tailors its advisory services to the individual needs of clients. The Firm consults with clients initially and on an ongoing basis to assess risk tolerance, time horizon, and other factors that may impact the clients’ investment needs. FSA ensures that clients’ investments are suitable for their investment needs, goals, objectives and risk tolerance. 1 The name of the registrant was FS Advisors Inc. from March 2012 through March 2014 when FSA Investment Group, LLC submitted a successor filing and assumed the original entity’s investment adviser registration. Despite the change in corporate structure, the business and ownership has remained substantially the same since inception. 6 | P a g e Clients are advised to promptly notify FSA if there are changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon FSA’s management services. Clients may impose reasonable restrictions or mandates on the management of their account (i.e., require that a portion of their assets be invested in socially responsible funds) if, in the Firm’s sole discretion, the conditions will not materially impact the performance of a portfolio strategy or prove overly burdensome to its management efforts. In performing its services, FSA is not required to verify any information received from the client or from the clients’ other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. FSA may recommend the services of itself and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if FSA recommends its affiliated companies. The client is under no obligation to act upon any of the recommendations made by the Firm or to engage the services of any such recommended professional, including FSA itself. Clients are advised that it remains their responsibility to promptly notify FSA if there is ever any change in their financial situation or investment objectives for the purpose of reviewing, evaluating, or revising the Firm’s previous recommendations and/or services. Wrap Fee Programs The Firm does not sponsor or participate in any wrap fee programs. Assets Under Management As of December 31, 2023, the Firm had approximately $598,241,707 in regulatory assets under management, of which, $593,983,234 was managed on a discretionary basis and $4,258,473 was managed on a non-discretionary basis.