SGLIA is an SEC-registered investment advisor. SGLIA has been an Investment Advisor since 2005. Before 2005, advisory services were provided by SGLIA's affiliated broker-dealer, S.G. Long & Company. SGLIA and S.G. Long & Company are wholly owned by a parent corporation, SGL Financial Services Corp. SG Long Financial Services, Corporation is an employee-owned entity based in Missoula, Montana. The information contained herein is current as of this Brochure's date and is subject to change at SGLIA's discretion. Please retain a copy of this Brochure for your records. SGLIA sponsors a wrap program for its' clients. SGLIA offers two products under our wrap program: SGL Managed Portfolios and Institutional Intelligent Portfolios. For management and advisory services, you will pay SGLIA an annual fee quarterly based on your account's value. SGL Managed Portfolios SGLIA manages seven customizable investment portfolio models: Growth Advantage, Stewardship, Growth & Income, Total Return Plus, Total Return, Capital Preservation, and Strategic Income. Our model portfolios are available to individuals and organizations. Additionally, each portfolio option has a minimum account requirement listed under Item 5 of this Brochure. SGLIA maintains an in-house research team that primarily analyzes individual securities for purchase within the portfolios. This unique structure enables us to customize the portfolios for special considerations, including tax planning and excluding or including specific stocks or industries. It is important to note that special considerations placed on your account may positively or negatively impact account performance and may cause the account to perform differently than a like account without special considerations. SGL Managed Portfolios focuses on risk-adjusted returns, where they look to achieve the highest possible return while matching your comfort level with risk. SGLIA evaluates companies based on a three-pronged approach: Business – does the company have a competitive advantage or long-term growth drivers? Is the business model proven? Value – can we buy the company at a fair price given its earnings and economic outlook? People – is the company managed well? Are the executives good stewards of your capital? The services offered through SGL Managed Portfolios Program include:
• Professional portfolio management
• An evaluation of your portfolio, investment strategy, and risk tolerance
• Education on investing and SGLIA's investment methodology
• Ongoing monitoring of your investment results and account performance
• Quarterly reporting on performance and a quarterly market commentary The Stewardship Portfolio is an all-equity portfolio that combines

our fundamental research process with an additional screening process for environmental, social, and governance (ESG) factors. The in- house research team relies on a third-party vendor for proprietary research to evaluate companies on ESG criteria to identify investment opportunities that meet our ESG requirements. The in-house research team reviews the third-party ESG screen on a semi-annual basis to identify existing securities that may have fallen below our minimum ESG requirement and identify new investment opportunities. Securities can fall below the minimum ESG requirements between the semi-annual pull, and these securities will remain in your portfolio until they are identified in the semi-annual review. Additionally, investing in an ESG September 26, 2023 Page 5 portfolio may cause additional tax consequences (i.e., short-term capital gains) that may not occur in strategies that do not utilize an ESG investment strategy. Managed ETF Portfolios SGLIA has designed twelve portfolios compiled of exchange-traded funds (ETFs) for individual investors. These portfolios offer a more passive investment approach, where the performance and allocations are reviewed by the in-house research team on a quarterly basis. The more passive management style allows for lower fees and intraday tradability. The Managed ETF Portfolios program is available to individual investors and has a minimum initial investment of $5,000. SGLIA's managed ETF portfolios allow you to choose from twelve diversified portfolios that will fit your risk tolerance, time horizon, and goals. You will work with your financial advisor to complete a questionnaire designed to help determine which account type and portfolio option are appropriate for you. Because of this type of account structure, SGLIA cannot accommodate special considerations (i.e. exclusion or inclusion or specific securities). The services offered through the Managed ETF Portfolios include:
• Managed ETF Portfolios designed by SGLIA
• Automated Investing
• Education on investing and SGLIA's investment methodology
• Ongoing monitoring of investment results and performance
• Performance reporting and Schwab market commentary are available online There is an ESG overlay option for the Managed ETF Portfolios. SGLIA relies on Schwab's screening process that identifies ETFs that qualify for an ESG portfolio. Some ESG portfolios include fixed income ETFs that are not screened for ESG. The options in our wrap program may not be appropriate for all clients. SGLIA will help you select the program and portfolio it believes to be suitable for a particular client. Assets As of June 30, 2023, we have $292,351,447 under discretionary management.