A. Firm Description Principally owned by Richard J. Carlesco Jr., Christopher R. Avery and Timothy E. Evans, IBN Advisory Services, Inc. (“IBNADV” or the “Firm”) has been in business since January 2018. IBNADV is affiliated with IBN Financial Services Inc. (“IBNBD”), which is dually registered as a broker-dealer with Financial Industry Regulatory Authority (“FINRA”), and a Securities Exchange Commission (“SEC”) registered investment advisor (“RIA”). IBNADV is a corporation formed under the laws of the State of New York, with its principal office located at 404 Old Liverpool Rd., Liverpool, NY 13088. IBNADV provides asset management services and access to other third-party asset managers. IBNADV provides these services for IBN Financial Services, Inc. IBNFNSR and other Registered Investment Advisors. Most asset management services will be performed through allocations to one or more investment strategies offered by IBNADV or other third-party registered investment advisors. We provide these advisory services through several investment teams, each of which operates with their own advisory and management focus, to provide a diverse selection of models. B. Types Of Advisory Services Asset Management Asset management services involve the management of assets with different structures and investment goals. IBNADV does not have a specified minimum account size. Some clients who wish to access multiple asset management styles, specifically third-party managers, may be required by such third-party money managers to have an account minimum. We provide services on both a discretionary and non-discretionary basis. The Firm shall be granted full discretion and authority to manage the client’s account. Accordingly, IBNADV is authorized to perform various functions without further approval from the client, such as the determination of securities to be purchased or to be sold without permission from the client prior to each transaction. Prior to the Firm providing any of the aforementioned investment advisory services, IBNADV requires a written investment management agreement (“IMA”) signed by the client prior to the engagement of services. The IMA outlines the services and fees the clients will incur pursuant to the IMA with IBNADV. When IBNADV is engaged to provide asset management services on a discretionary basis, IBNADV will monitor the accounts to ensure that they are meeting the client’s asset allocation requirements. If any changes are needed, IBNADV will make the changes. These changes may involve selling a security or group of investments and buying others or keeping the proceeds in cash. Clients may at any time place restrictions on the way their account is managed. For example, a client may restrict the types of investments IBNADV may use in the client’s account, or the allocations toa security type. When a firm engages IBNADV to provide investment management services on a non- discretionary basis, the Firm will make investment recommendations to the Client and, upon written or verbal approval of the Client, IBNADV will execute the trade. Clients that determine to engage the Firm on a non-discretionary investment advisory basis must be willing to accept that the Firm cannot affect any account transactions without obtaining prior consent to such transaction(s) from the Client. Thus, in the event that the Firm would like to

make a transaction for the Client’s account (including in the event of an individual holding or general market correction), and the Client is unavailable, the Firm will be unable to effect the account transaction(s) (as it would for its discretionary clients) without first obtaining the client’s consent. When firms engage IBNADV to provide asset management services, the client and IBNADV will execute an Investment Management Agreement that describes the services to be provided, the fees for the service, other expenses related to the provision of the investment management services, and how to terminate the agreement. Financial Consulting Financial planning services do not involve the active management of client accounts, but instead focus on a client’s overall financial situation. If clients wish to execute their financial plan through the Firm, they may separately engage the Firm for asset management services. Financial planning can be described as helping individuals to determine and set their long-term financial goals through investments, tax planning, asset allocation, risk management, retirement planning, and other areas. The role of the financial planner is to find ways to help the client understand his/her overall financial situation and help the client set financial objectives. Should the client elect to act on any recommendation made by the Firm, the client is under no obligation to affect the transaction through the Firm. C. Tailored Relationships IBNADV offers the same suite of services to all its clients. The management services and recommendations offered by the Firm are based on the individual needs of our clients and the suitability of products and services. Specific client financial plans and their implementation are dependent upon the client’s Investment Policy Statement which outlines each client’s current situation (income, objectives, and risk tolerance levels) and is used to construct a client specific plan to aid in the selection of a portfolio that matches restrictions, needs and targets. Clients may impose restrictions on investing in certain securities or types of securities in accordance with their values and beliefs. The Firm will make every effort to comply with the wishes of the client but cannot guarantee absolute adherence due to its use of indexed products, funds, and ETFs that are controlled by third party managers. D. Wrap Fee Programs IBNADV does not participate in and is not a sponsor of wrap fee programs. Wrap Fee Programs are arrangements between broker-dealers, investment advisers, banks and other financial institutions and affiliated and unaffiliated investment advisers through which the clients of such firms receive discretionary investment advisory, execution, clearing and custodial services in a “bundled” form. In exchange for these “bundled” services, the clients pay an all- inclusive (or “wrap”) fee determined as a percentage of the assets held in the wrap account. E. Assets Under Management When calculating regulatory assets under management, an Investment Adviser must include the value of any advisory account over which it exercises continuous and regular advisory or management services. As of December 31, 2023, IBNADV managed $155,748,122 in client assets on a discretionary basis and $0.00 on a non-discretionary basis.