This Disclosure document is being offered to you by Prairie Rivers Investments LLC (“Prairie Rivers Investments”) about the investment advisory services we provide. It discloses information about the services that we provide and the way those services are made available to you, the client. We are an investment management firm located in Robinson, IL. We specialize in investment advisory services for high-net-worth individuals, institutions, charitable organizations and endowments, employer sponsored retirement plans, families, trusts and estates. The firm was established by its principal owner Pat Keen in 2016. We are committed to helping clients build, manage, and preserve their wealth, and to provide assistance that helps clients to achieve their stated financial goals. We will offer an initial complimentary meeting at our discretion; however, investment advisory services are initiated only after you and Prairie Rivers Investments execute an engagement letter or client agreement. Investment and Wealth Management and Supervision Services We offer discretionary and non-discretionary investment management and investment supervisory services for a fee based on a percentage of your assets under management. We primarily allocate client assets among cash, individual stocks, bonds, exchange traded funds (“ETFs”), no-load or load-waived mutual funds, equities and cash in accordance with their stated investment objectives. We generally invest Client’s cash balances in money market funds and/or FDIC Insured Certificates of Deposit. In most cases, at least a partial cash balance will be maintained in a money market account so that our firm may debit advisory fees for our services related to this service. We provide these services at four different levels: Bronze, Silver, Gold and Platinum, as described below. Bronze Level: Services include an Annual Review, utilization of Nitrogen, Quarterly FI360, Beneficiary Review, Power of Attorney Check-Up and an Investment Policy Statement. Silver Level: Services include those listed above at the Bronze Level, plus Advisor Access+, Tax Clarity Review and Social Security Timing. Gold Level: Services include those listed above at both the Bronze and Silver Levels, plus Major Purchase Assistance, a Coordinated Professional Meeting, Insurance Analysis, All Year Tax Harvesting and a Document Vault. Platinum Level: Services include those listed above at the Bronze, Silver and Gold Levels plus Family Office Services, Charitable Giving Reviews & Planning and Trust Consulting. All of our service levels include Investment Analysis, Allocation of Investments, Quarterly portfolio Reports, and Ongoing Monitoring of Client Portfolios. We primarily allocate client assets among various mutual funds, exchange-traded funds (“ETFs”), and individual debt (bonds) and equity securities in accordance with their stated investment objectives. Through our use of Nitrogen, we will work with you to obtain necessary information regarding your financial condition, investment objectives, liquidity requirements, risk tolerance, time horizons, and any restrictions on investing. This information enables us to determine the portfolio best suited for your investment objective and needs. In performing our services, we shall not be required to verify any information received from you or from other professionals. If you request, we will recommend you engage the services of other professionals for implementation purposes. You have the right to decide whether or not to engage the services of any such recommended professional. Once we have determined the types of investments to be included in your portfolio and have allocated them, we will provide ongoing portfolio review and management services. We will rebalance the portfolio, as we deem appropriate, to meet your financial objectives. We trade these portfolios and rebalance them on an ongoing basis, using our investment process and based on your investment objectives and on the combination of our market views. We tailor our advisory services to meet the needs of our clients and seek to ensure that your portfolio is managed in a manner consistent with those needs and objectives. You will have the ability to leave standing instructions with us to refrain from investing in particular industries or invest in limited amounts of securities. If a non-discretionary relationship is in place, calls will be placed presenting the recommendation made and only upon your authorization will any action be taken on your behalf. In all cases, you have a direct and beneficial interest in your securities, rather than an undivided interest in a pool of securities. We do have limited authority to direct the Custodian to deduct our investment advisory fees from your accounts, but only with the appropriate written authorization from you. Where appropriate, we provide advice about any type of legacy position or other investment held in client portfolios. Clients will engage us to advise on certain investment products that are not maintained at their primary custodian, such as variable life insurance and annuity contracts and assets held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). You are advised and are expected to understand that our past performance is not a guarantee of future results. Certain market and economic risks may exist that adversely affect an account’s performance. This could result in capital losses in your account. Third Party Management (“TPM Program” or “TPM”) Prairie Rivers Investments provides investment advice and recommendations based on the investment strategies of Third Party Managers (“Managers” or “TPM”). Selected Managers are evaluated by Prairie Rivers Investments for client use. Our services include assisting you in identifying your investment objectives and matching personal and financial data with a select list of Managers. The intent of this service is to have a selected list of high quality and recognizable third party investment management firms from which you select one or more Managers to handle the day-to-day management of your account(s). Managers selected for your investments need to meet several quantitative and qualitative criteria established by Prairie Rivers Investments. Among the criteria that may be considered are the Manager’s experience and regulatory record, assets under management, performance record, client retention, the level of client services provided, investment style, buy and sell disciplines, capitalization level, and the general investment process. Information collected by our firm regarding Managers is believed to be reliable and accurate but Prairie Rivers Investments does not necessarily independently review or verify it on all occasions. Following recommendations by our Investment Adviser Representatives (“IAR”), you will have final authority to select a Manager. The IAR will assist you in completing appropriate documents. Prairie Rivers Investments’ IARs assist clients with identifying their risk tolerance and investment objectives. IARs will recommend TPMs in relation to the client’s stated investment objectives and risk tolerance. A client may select a recommended TPM based upon the client’s needs. Clients will enter a Third Party Advisory Program Agreement directly with Prairie Rivers Investments. Prairie Rivers Investments IARs shall be available to answer questions the client may have regarding their account and act as the communication conduit between the client and the Manager. Managers may take discretionary authority to determine the securities to be purchased and sold for the client. Neither Prairie Rivers Investments nor its associated persons will have any trading authority with respect to clients’ managed account with the TPM(s). All accounts are managed by the selected Manager and Prairie Rivers Investments does not have any discretionary trading authority with respect to such accounts. All performance reporting will be the responsibility of the respective Manager. Such performance reports will be provided directly to you and Prairie Rivers Investments. Prairie Rivers Investments does not audit or verify that these results are calculated on a uniform or consistent basis as provided by a Manager directly to Prairie Rivers Investments or through the consulting service utilized by the Manager. Prairie Rivers Investments has entered into agreements with various independent Managers. Under these agreements, Prairie Rivers Investments offers client’s various types of programs sponsored by these Managers. All third-party Managers to whom Prairie Rivers Investments will refer clients will be licensed as registered investment advisors by their resident state and any applicable jurisdictions or registered investment advisors with the Securities and Exchange Commission. Third-party managed programs generally have account minimum requirements that will vary from investment advisor to investment advisor. Account minimums are generally higher on fixed income accounts than equity based accounts. A complete description of the Manager’s services, fee schedules and account minimums will be disclosed in the Manager’s Form ADV or similar Disclosure Brochure which will be provided to clients at the time an agreement for services is executed and account is established. Financial Planning Through the Financial Planning process, the Prairie Rivers Investments LLC team strives to engage our clients in conversations around the family’s goals, objectives, priorities, vision, and legacy – both for the near term as well as for future generations. With the unique goals and circumstances of each family in mind, the Prairie Rivers Investments team will offer wealth planning ideas and strategies to address the client’s holistic financial picture, including estate, income tax, charitable, cash flow, wealth transfer and family legacy objectives. Prairie Rivers Investments does not provide tax or legal advice. We will work with your independent tax/legal advisor (CPA, Estate Attorney, Insurance broker, etc.) to help create a plan tailored to your specific needs. Such services include various reports on specific goals and objectives or general investment and/or planning recommendations, guidance to outside assets and periodic updates. Our specific services in preparing your plan include:
• Review and clarification of your financial goals.
• Assessment of your overall financial position including cash flow, balance sheet, investment strategy, risk management and estate planning.
• Creation of a unique plan for each goal you have, including personal and business real estate, education, retirement or financial independence, charitable giving, estate planning, business succession and other personal goals.
• Development of a goal-oriented investment plan, with input from various advisors to our clients around tax suggestions, asset allocation, expenses, risk and liquidity factors for each goal. This includes IRA and qualified plans, taxable and trust accounts that require special attention.
• Design of a risk management plan including risk tolerance, risk avoidance, mitigation and transfer, including liquidity as well as various insurance and possible company benefits.
• Crafting and implementation of, in conjunction with your estate and/or corporate attorneys as tax advisor, an estate plan to provide for you and/or your heirs in the event of an incapacity or death. A written evaluation of each client's initial situation or Financial Plan is provided to the client. An annual review will be provided by the Adviser, if indicated by the Client and Advisor per the Financial Planning Agreement. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. Employer Sponsored Retirement Plans Prairie Rivers Investments will assist in the creation and annual maintenance of the Plan and its Investment Policy Statement (IPS). PRI will make ongoing investment alternative recommendations and

monitor these choices for continued adherence to the IPS, compare them against their peers, and other fiduciary criteria. PRI will assist the plan fiduciaries in identifying a Qualified Default Investment Alternative and will assist with creating a plan to comply with all disclosures required by law and by plan mandate. PRI will provide ongoing performance reporting using multiple independent data providers and assist the plan fiduciaries in evaluating these reports for adherence to plan policies. PRI will also assist plan sponsors in designing and implementing education tailored to the plan for participants, educating them on the plan provisions and for all investment alternatives, as well as general investment education. PRI will provide education to the Plan Committee tailored to the plan on plan features and fiduciary responsibility. PRI will serve as liaison between the plan and service providers. Periodically, PRI will assist with Requests for Proposals or Requests for Information to assist the Plan Committee in identifying and evaluating plan service providers. PRI will evaluate and assist the plan committee in benchmarking both the plan and all investment alternatives on multiple levels of fiduciary responsibility. Employer Sponsored Retirement Plan Consulting Prairie Rivers Investments will assist the sponsoring employer on the administration and compliance aspects of their plan, without the expectation for investment management. Consulting services include, but are not limited to:
• Preparation of Requests for Proposal (RFP) packages
• Review of Investment Policy Statements
• Due Diligence review of investment and insurance offerings
• Review plan committee structure and administrative policies and procedures
• Review fee levels and benchmark against similar plans
• Review education and enrollment process
• Evaluate Qualified Default Investment Alternative (QDIA) options
• Review ERISA Spending Accounts or Plan Expense Recapture Accounts (PERA) After the consultation is complete, Prairie Rivers Investments’ obligation to the client will terminate and will not be under obligation to provide ongoing monitoring or updates. Disclosure Regarding Rollover Recommendations A client or prospect leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) rollover to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). Our Firm may recommend an investor roll over plan assets to an IRA for which our Firm provides investment advisory services. As a result, our Firm and its representatives may earn an asset-based fee. In contrast, a recommendation that a client or prospective client leave their plan assets with their previous employer or roll over the assets to a plan sponsored by a new employer will generally result in no compensation to our Firm. Our Firm therefore has an economic incentive to encourage a client to roll plan assets into an IRA that our Firm will manage, which presents a conflict of interest. To mitigate the conflict of interest, there are various factors that our Firm will consider before recommending a rollover, including but not limited to: (i) the investment options available in the plan versus the investment options available in an IRA, (ii) fees and expenses in the plan versus the fees and expenses in an IRA, (iii) the services and responsiveness of the plan’s investment professionals versus those of our Firm, (iv) protection of assets from creditors and legal judgments, (v) required minimum distributions and age considerations, and (vi) employer stock tax consequences, if any. All rollover recommendations are also reviewed by our Firm’s Chief Compliance Officer in a best effort to determine that the recommendation to a client was reasonable or that the client has determined to make the rollover after being provided ample information about their options. No client is under any obligation to roll over plan assets to an IRA advised by our Firm or to engage our Firm to monitor and/or advise on the account while maintained with the client's employer. Our Firm’s Chief Compliance Officer remains available to address any questions that a client or prospective client has regarding this disclosure. We are fiduciaries under the Investment Advisers Act of 1940 and when we provide investment advice to you regarding your retirement plan account or individual retirement account, we are also fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. We have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. Endowment Consulting Prairie Rivers Investments will assist endowments with the creation and ongoing maintenance of relevant documents and protocols required by regulators, and adherence to current fiduciary responsibilities. These services include but are not limited to the creation of an Investment Policy Statement (IPS), written Conflict of Interest policy, and creating a system to formalize, implement, monitor and organize necessary best practices for not-for-profit fiduciaries. Third Party Managers Prairie Rivers Investments provides investment advice and recommendations based on the investment strategies of Third Party Managers (“Managers” or “TPM”). Selected Managers are evaluated by Prairie Rivers Investments for client use. (See more about Third Party Managers in Item 8 below). Our services include assisting you in identifying your investment objectives and matching personal and financial data with a select list of Managers. The intent of this service is to have a selected list of high quality and recognizable third party investment management firms from which you select one or more Managers to handle the day-to-day management of your account(s). Managers selected for your investments need to meet several quantitative and qualitative criteria established by Prairie Rivers Investments. Among the criteria that may be considered are the Manager’s experience and regulatory record, assets under management, performance record, client retention, the level of client services provided, investment style, buy and sell disciplines, capitalization level, and the general investment process. Information collected by our firm regarding Managers is believed to be reliable and accurate, but Prairie Rivers Investments does not necessarily independently review or verify it on all occasions. Following recommendations by our Investment Adviser Representatives (“IAR”), you will have final authority to select a Manager. The IAR will assist you in completing appropriate documents. Prairie Rivers Investments’ IARs assist clients with identifying their risk tolerance and investment objectives. IARs will recommend TPMs in relation to the client’s stated investment objectives and risk tolerance. A client may select a recommended TPM based upon the client’s needs. Clients will enter a Third Party Advisory Program Agreement directly with Prairie Rivers Investments. Prairie Rivers Investments IARs shall be available to answer questions the client may have regarding their account and act as the communication conduit between the client and the Manager. Managers may take discretionary authority to determine the securities to be purchased and sold for the client. Neither Prairie Rivers Investments nor its associated persons will have any trading authority with respect to clients’ managed account with the TPM(s). All accounts are managed by the selected Manager and Prairie Rivers Investments does not have any discretionary trading authority with respect to such accounts. All performance reporting will be the responsibility of the respective Manager. Such performance reports will be provided directly to you and Prairie Rivers Investments. Prairie Rivers Investments does not audit or verify that these results are calculated on a uniform or consistent basis as provided by a Manager directly to Prairie Rivers Investments or through the consulting service utilized by the Manager. Prairie Rivers Investments has entered into agreements with various independent Managers. Under these agreements, Prairie Rivers Investments offers client’s various types of programs sponsored by these Managers. All third-party Managers to whom Prairie Rivers Investments will refer clients will be licensed as registered investment advisors by their resident state and any applicable jurisdictions or registered investment advisors with the Securities and Exchange Commission. Third-party managed programs generally have account minimum requirements that will vary from investment advisor to investment advisor. Account minimums are generally higher on fixed income accounts than equity based accounts. A complete description of the Manager’s services, fee schedules and account minimums will be disclosed in the Manager’s Form ADV or similar Disclosure Brochure which will be provided to clients at the time an agreement for services is executed and account is established. Consulting Services We also provide clients investment advice on a more-limited basis on one-or-more isolated areas of concern such as variable sub-account management, estate planning, real estate, retirement planning, or any other specific topic. Additionally, we provide advice on non- securities matters about the rendering of estate planning, insurance, real estate, and/or annuity advice or any other business advisory / consulting services for equity or debt investments in privately held businesses. In these cases, you will be required to select your own investment managers, custodian and/or insurance companies for the implementation of consulting recommendations. If your needs include brokerage and/or other financial services, we will recommend the use of one of several investment managers, brokers, banks, custodians, insurance companies or other financial professionals ("Firms"). You must independently evaluate these Firms before opening an account or transacting business, and have the right to effect business through any firm you choose. You have the right to choose whether to follow the consulting advice that we provide. Wrap Fee Programs Prairie Rivers Investments is the sponsor and manager of the Prairie Rivers Investments Wrap Program (the “Program”), a wrap fee program (i.e., an arrangement where brokerage commissions and transaction costs are absorbed by the Firm). The fee covers transaction costs or commissions resulting from the management of your accounts. While many types of investments trade without transaction fees today, PRI has committed to using the lowest available cost share class of mutual funds, which typically are not free to trade. Participants in the Program may pay a higher aggregate fee than if brokerage services are purchased separately. Additional information about the Program is available in Prairie Rivers Investments’ Wrap Brochure, which appears as Part 2A Appendix 1 of the Firm’s Form ADV. Because wrap program transaction fees and/or commissions are being paid by Prairie Rivers Investments to the account custodian, we could have an economic incentive to minimize the number of trades in the client's account. This creates a conflict of interest. We recognize the fiduciary responsibility to place your interests first and have established policies in this regard to avoid any potential conflict of interest a wrap fee arrangement may create. Assets As of December 31, 2023, our discretionary assets under management totaled $191,646,137 and our non-discretionary assets total $0.