Gilbert & Cook, Inc. (Gilbert & Cook, we, us our, Firm) is an independently owned SEC registered investment adviser since 2016. The Firm is a corporation founded in 1994 in the State of Iowa. Gilbert & Cook is owned by Linda L. Cook, Christopher C. Cook, Brandon D. Grimm, Megan L. Rosenstiel, and Jerit P. Tripp. Gilbert & Cook is a fiduciary and is required to act in a client’s best interest at all times. Gilbert & Cook manages assets for many different types of clients to help meet their financial goals while remaining sensitive to risk tolerance and time horizons. As a fiduciary it is our duty to act in the client’s best interest. This is accomplished in part by knowing the client. Our Firm has established a service-oriented advisory practice with open lines of communication. Working with clients to understand their investment objectives while educating them about our process, facilitates the kind of working relationship we value. Our wrap fee platforms allow clients to pay a single fee for investment advisory services and associated custodial transaction costs. By participating in a wrap fee platform, clients may pay more or less through a non-wrap fee platform where a lower advisory fee is charged, but trade execution costs are passed directly through to the client by the executing broker. Our Wrap Advisory Services Gilbert & Cook provides wrap advisory services through two platforms: (i) the Precision Wrap Platform and (ii) the Alliance Wrap Platform. Precision Wrap Platform Gilbert & Cook provides the Precision Wrap Platform Services based on each individual client’s financial circumstances and investment objectives. We meet with each client to discuss the client’s current financial condition and to review the client’s current investment holdings. Based upon each client’s circumstances, we determine an appropriate asset allocation for the client’s investment portfolio in accordance with the client’s specific financial objectives and risk tolerance and in consideration of other factors, including the client’s time horizon (education funding, home purchase, retirement, legacy planning), liquidity needs, and other available resources (including external retirement plans, projected social security, outside investments, real estate, and insurance). Each client’s financial objectives, risk tolerance, and liquidity needs, along with a recommended asset allocation, are incorporated into their ongoing investment strategy. In providing the Precision Wrap Platform Gilbert & Cook does not utilize subadvisors. Fee Schedule The maximum annual fee charged for the Precision Wrap Platform service will not exceed 1.70 %. Fees to be assessed will be outlined in the advisory agreement to be signed by the Client. Annualized fees are billed on a pro-rata basis quarterly in advance based on the value of the account(s) on the last day of the previous quarter. Fees are negotiable and will be deducted from client account(s). Adjustments will be made for deposits and withdrawals of $10,000 or more made during the quarter. In rare cases, our Firm will agree to directly invoice. As part of this process, Clients understand the following: a) The client’s independent custodian sends statements at least quarterly showing the market values for each security included in the Assets and all account ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 5 Gilbert & Cook, Inc. disbursements, including the amount of the advisory fees paid to our Firm; b) Clients will provide authorization permitting our Firm to be directly paid by these terms. Our Firm will send an invoice directly to the custodian; and c) If our Firm sends a copy of our invoice to the client, a legend urging the comparison of information provided in our statement with those from the qualified custodian will be included. Alliance Wrap Platform We participate in the Schwab Managed Account Program and offer separately managed accounts from the Managed Account Marketplace, Managed Account Select and Managed Account Access programs. These Schwab programs allow access to independent money management firms offered by the Schwab Advisor Services division of Charles Schwab & Co. Inc. (“Schwab”). Our Firm performs due diligence on various investment money managers based on the client's individual circumstances and we determine which selected subadvisor’s portfolio management style is appropriate for that client. Factors considered in making this determination include account size, risk tolerance, the objectives of each client and the investment philosophy, and tenure of the selected subadvisor. Clients should refer to the subadvisor’s Firm Brochure or other disclosure document for a full description of the services offered. We will furnish a copy of the disclosure brochures for each subadvisor selected. We will recommend one or more subadvisors who will manage the client's account on a discretionary basis. On an ongoing basis, we monitor the performance of the subadvisor(s).  Managed Account Marketplace (“Marketplace”) Managed Account Marketplace is an open architecture platform that gives clients access to separate account managers, including those who are not currently part of the Select or Access programs described below through a dual contract structure. Access to subadvisors on this platform is offered at various account minimums. Typical account minimums for Stock/Equity Managers are $100,000, for Bond/Fixed Income Managers are $250,000, and ETF managers as low as $25,000. Some money managers may have a higher account minimum. Instead of a bundled program fee, like “Select” and “Access”, the subadvisor accessed through

“Marketplace” charges a Management Fee and is in addition to the fee charged by the Firm.  Managed Account Select (“Select”) Under this program, the Schwab Center for Financial Research provides institutional investment research with insights and decision-making tools to help serve clients’ needs. Clients are provided a choice of prescreened money managers across various investment styles. The program then bundles the research, Schwab’s brokerage, custodial and client reporting under a single, all-inclusive fee, which is in addition to the fee charged by our Firm. Access to managers in this program is offered at the following account levels: $100,000 for Stock/Equity Managers and $250,000 for Bond/Fixed Income Managers. Some money managers may have a higher account minimum. The Schwab Managed Account Select program fees include the subadvisor’s management fee, Schwab’s program fee and fees for brokerage/clearing/custodial services. Fees may ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 6 Gilbert & Cook, Inc. include a minimum monthly fee, please see related program documents for a complete description of specific fees.  Managed Account Access (“Access”) Managed Account Access allows clients to work with an array of money managers and conduct their own research within a bundled fee program. Schwab’s fees are charged in addition to fees charged by our Firm. Access provides money manager services and Schwab’s brokerage and custody services for a simple, asset-based fee and with streamlined paperwork. Features include single contract structure, low account minimums, bundled fees, manager and strategy flexibility and variety, performance reporting and managed account tools and resource. Access to managers in this program is offered at the following account levels: $100,000 for Stock/Equity Managers and $250,000 for Bond/Fixed Income Managers. Some money managers may have a higher account minimum. Fee Schedule Depending on the service utilized, fees for the Alliance Wrap Platform services may be up to 1.50% plus the “Marketplace” Subadvisor fees or the “Select” or “Access” program fees. Our Alliance Wrap Platform fee is charged pro-rata quarterly in advance based on the value of your account on the last day of the previous quarter. The “Marketplace” Subadvisor fees will be charged in accordance with the requirements of the Subadvisor. Specifically, the periods during which the Subadvisor fees are charged, whether charged in arrears or advance and the valuation methodology will be specific to each Subadvisor. To calculate the “Select” or “Access” program fee, Schwab multiplies the actual daily balance of your account by the daily pro rata portion of the annual rate and then adds together the fees for each day of the month. The “Select” or “Access” program fee is billed to your Account(s) monthly, which may result in your paying a higher fee on an annual basis than the annual rate because of compounding. Other Types of Fees & Expenses: The fees not included in the advisory fee for our wrap services are charges imposed directly by a mutual fund, index fund, or exchange traded fund which shall be disclosed in the fund’s prospectus (i.e., fund management fees and other fund expenses), mark-ups and mark-downs, spreads paid to market makers, fees for trades executed at a broker dealer other than Schwab, wire transfer fees and other fees and taxes on brokerage accounts and securities transactions. Wrap fee clients will not incur transaction costs for trades, whether the account is assessed an asset-based or transaction-based fee. We will select which method may or may not result in the lowest cost to us; however, Clients’ cost will not differ regardless of the method charged by the custodian. We are a fiduciary and always strive to act in the best interest of the Client. There is a conflict of interest in all wrap platforms since the adviser absorbs certain transaction costs. The adviser has a financial incentive not to place transaction orders in those accounts since doing so increases its transaction costs. Thus, an incentive exists to place trades less frequently in certain wrap fee arrangements. Wrap Fee Platform Recommendations Our Firm may receive more compensation from the client’s participation in our wrap fee platforms than if the client purchased our investment advisory services, Charles Schwab & Co., Inc.’s (Schwab) services and, as applicable, the services of the subadvisors separately. As ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 7 Gilbert & Cook, Inc. described below, Schwab makes other products and services available to us (see “Other Products and Services Available to Us from Schwab”). Consequently, we may have an incentive to recommend that a client participate in our wrap fee platforms and open account(s) with Schwab. That incentive may be based on our interest in receiving the products and services rather than based on the client’s interest in having the most appropriate fee arrangement for our investment advisory services and the best value in custody services and the most favorable execution of client transaction. We believe, however, that our recommendation to our wrap fee platforms, including the use of Schwab as custodian and broker, is in the best interests of those of clients to whom we recommend it based on (a) an assessment of their investment objectives, financial situation, our investment plans and anticipated trading activity in their accounts and all other relevant factors, and (b) the scope quality and price of Schwab’s services and not based on Schwab’s payment for third party services that benefit only us.