A. Blackhawk Capital Partners, LLC Blackhawk Capital Partners, LLC (“Blackhawk” and/or “the firm”) is a limited liability company organized in the state of Wisconsin. This firm was organized in May 2011 and has been in business since June 2011, and the principal owners are Kevin Blake Perlberg and Donald William Tendick III. B. Advisory Services Offered Blackhawk is an independent asset management and financial planning firm offering a variety of financial services to individuals, high-net-worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. B.1. Investment Supervisory Services Blackhawk offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Investment Supervisory Services include, but are not limited to, the following: ▪ Investment strategy ▪ Personal investment policy ▪ Asset allocation ▪ Asset selection ▪ Risk tolerance ▪ Regular portfolio monitoring Blackhawk evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. Blackhawk will generally request discretionary authority from clients in order to select securities and execute transactions without permission from the client prior to each transaction. For its discretionary asset management services, Blackhawk receives a limited power of attorney to effect securities transactions on behalf of its clients that include securities and strategies described in Item 8 of this brochure. In addition to providing Blackhawk with information regarding their personal financial circumstances, investment objectives and tolerance for risk, clients have the right to provide the firm with any reasonable investment restrictions that should be imposed on the management of their portfolio, and to promptly notify the firm in writing of any changes in such restrictions or in the client's personal financial circumstances, investment objectives, goals and tolerance for risk. On a quarterly basis, Blackhawk’s reports to clients will remind clients of their obligation to inform the firm of any such changes or any restrictions that should be imposed on the management of the client’s account. Blackhawk will also contact clients at least annually to determine whether there have been any changes in a client's personal financial circumstances, investment objectives and tolerance for risk. From time to time, Blackhawk and client may choose to utilize a TPMM when it is deemed appropriate. TPMM’s are registered investment advisors that are not affiliated with Blackhawk. B.2. Third-Party Money Manager Services Third-Party Money Manager (TPMM) services may be offered in various ways, but generally are structured either as (i) solicitor arrangements in which Blackhawk receives a solicitor fee for referring client accounts to a TPMM; or (ii) sub-advisory where Blackhawk may utilize one or more TPMM’s to manage all or a portion of a client’s account. Blackhawk will assist in both the selection of one or more TPMM’s as well as planning the investment strategy when it is deemed appropriate. This will be determined by the same criteria in which we manage assets (income, tax levels, risk tolerance, etc.). Under this type of relationship clients will receive additional disclosure documents from the TPMM as well as sign an additional advisory agreement. This type of relationship will involve an additional fee to the TPMM (which may or may not be negotiable) and can be terminated at any time. While Blackhawk does not have a minimum investment amount, certain TPMMs may. B.3. Wealth/Financial/Business Planning Wealth plans and wealth planning/financial planning may include, but are not limited to, the following types of services: ▪ Tax Planning Recommendations ▪ Employee Benefits Analysis ▪ Asset Protection Planning ▪ Corporate

Structure Analysis ▪ Investment Analysis ▪ Succession Planning Review ▪ Insurance Analysis ▪ E&O/Malpractice Analysis ▪ Retirement Planning ▪ Outsourcing Analysis ▪ Estate Plan Document Review Clients will receive a written or oral report (depending on the client’s preference) providing a basic financial plan designed to help achieve their stated financial goals and objectives. Based on the client’s needs, financial planning services may include (but are not limited to) the following: ▪ Preparation of a recommended asset allocation that serves to diversify the client's portfolio among different categories of investments, such as domestic and international small, medium, and large capitalization securities; corporate and government fixed income (short-, intermediate-, and long-term maturities); emerging market securities (i.e., foreign issuers); real estate investment trusts; and such other alternative asset categories that are suitable in light of the client's investment goals, objectives, and risk tolerance. ▪ Preparation of an investment policy statement setting forth the client’s investment plan, with specific direction in terms of diversification requirements, tax issues, estate planning issues, risk tolerance, retirement, and other identified objectives of the client, including a targeted rate-of-return objective. ▪ Preparation of a retirement plan that serves to identify whether the client is saving enough and investing in a way that meets retirement objectives in light of the client's financial circumstances and risk tolerance. ▪ Preparation of cash flow projections to ensure that the client can meet daily living expenses and obligations. ▪ Insurance planning to meet the needs of the client, taking into account family, business, and other financial objectives of the client. Blackhawk gathers required information through in-depth personal interviews and questionnaires. Information gathered includes a client's current financial status, investment objectives, future goals, and attitudes toward risk. Related documents supplied by the client are carefully reviewed, and a report is prepared covering one or more of the above-mentioned topics as directed by the client. B.4. Model Portfolio Provider The firm may operate as a model portfolio provider delivering Blackhawk Dividend Growth Strategy through one or more third party platforms. The firm, as part of its model provider agreement, uploads its model to the third-party platform(s) who then has the responsibility and discretion to implement the model portfolio and subsequent changes to such model portfolio to underlying client accounts. The goal of the model is to provide capital appreciation and income from dividends. B.5. Sub-Adviser Services The firm may operate as a sub-adviser managing the Blackhawk Dividend Growth Strategy through one or more third-party financial institutions (i.e., investment advisers and broker- dealers) and third-party asset management platforms. The terms of such sub-adviser arrangement will be memorialized in a written sub-adviser agreement between Blackhawk and third-party financial institution or asset management platform sponsor. C. Client-Tailored Services and Client-Imposed Restrictions Each client’s account will be managed on the basis of the client’s financial situation and investment objectives and in accordance with any reasonable restrictions imposed by the client on the management of the account—for example, restricting the type or amount of security to be purchased in the portfolio. D. Wrap Fee Programs Blackhawk does not participate in wrap fee programs, where brokerage commissions and transaction costs are included in the asset-based fee charged to the client E. Client Assets Under Management As of December 31, 2023, the firm had $244,143,209 in discretionary assets under management and $1,491 in non-discretionary assets under management.