Item 5: Additional Compensation ............................................................. 25 Item 6: Supervision ..................................................................................... 25 Item 7: Requirements for State-Registered Advisers ................................ 25 Form ADV Part 2B Brochure Supplement – Xavier J. Urpí ........................................ 26 Form ADV: Part 2A Emergent Financial Services, LLC.. Item 1: Cover Page .................................................................................... 26 Item 2: Educational Background and Business Experience ................... 27 Item 3: Disciplinary Information ................................................................. 27 Item 5: Additional Compensation ............................................................. 28 Item 6: Supervision ..................................................................................... 28 Item 7: Requirements for State-Registered Advisers ................................ 28 A. Advisory Firm Description and Principal Owners. Emergent Financial Services, LLC. is a Virginia-based, minority-owned firm providing portfolio management services to individuals and institutions, as detailed below. We were formed on April 5, 2017. We were registered with Virginia SCC securities regulators in 2017. We were registered with the SEC in 2018. The owners of the firm are Xavier Urpí, Alexander Urpí, Nickolas Urpí, and Michael Urpí. B. Advisory Services Offered. Emergent offers financial planning and portfolio management services for individuals and portfolio management services for institutions. For Individuals The process is as follows: 1. Clients either engage in an investment policy conversation with us or receive a questionnaire through which we analyze their financial situation, their risk tolerance, their income needs, and their financial objectives for the portfolio(s). 2. This questionnaire or results of our in-depth conversation are then mapped to an asset allocation model based on capital asset pricing model (CAPM) and the Efficient Frontier, designed by Emergent. The objective of the model is portfolio optimization: to determine the portfolio with the lowest risk (defined as standard deviation of returns) for the general level of excess return and/or income appropriate for the client based on their questionnaire, with constraints determined by the client’s risk tolerance and ability to sustain losses. The client is always informed in this process that the model is historical-based and that past performance does not guarantee future results. The recommended asset allocation is discussed with the client to make

certain that they understand the risks and rewards and that the returns sought are in accord with the client’s specified time horizons. 3. Based on the results and discussions with the client, we create a personalized Investment Plan for the investment of the client’s assets. The Investment Plan discusses the asset allocation and combination of securities that will be used to achieve the asset allocation for the portfolio in accordance with the model and the client’s financial situation. Portfolio securities are typically a combination of mutual funds and exchange-traded funds (ETFs) for broad exposure into the appropriate asset classes, but in specific instances may include equities and bonds (see Item 5C for definition of an ETF). Our methods of analysis and investment strategies used to select securities are discussed in Item 8. 4. The portfolio is reviewed quarterly to determine whether rebalancing is warranted, to determine whether the Investment Plan still accurately reflects the needs and risk tolerance of the client, and to ensure that the portfolio continues to reflect the Investment Plan. For Institutions For institutions, Emergent focuses on short-term management strategies primarily for government entities. The process is as follows: 1. Emergent professionals analyze the cash flows of the institution and review their investment policies to determine their objectives and risk characteristics. 2. Emergent may then recommend a benchmark to frame those client objectives and risk characteristics. 3. A portfolio manager then structures the investments so that the portfolio, as a whole, would conform to the risk level of that benchmark. The benchmark also is intended to provide the client with a measuring tool against which portfolio performance can be measured. 4. Portfolio investments for these institutions are all fixed-income securities, which range from government to investment-grade AA or better-rated securities. 5. Portfolios are reviewed weekly to determine their performance relative to the benchmark and their compliance with the client’s Investment Policies. C. Emergent tailors its services to the individual client, as no two clients have the exact same objectives, risk parameters, or time frame. Depending on the objectives, guidelines and investment restrictions of the individual client, Emergent employs various investment strategies to provide these services. The investment strategies may involve long-term or short-term objectives and risk characteristics. We do not permit retail clients (individuals) to impose restrictions on investment in certain securities or types of securities since the appropriate Investment Plan for the portfolio is modeled, discussed and formulated prior to investing the clients’ assets. Institutional clients may impose restrictions on investment in certain securities or types of securities due to their Investment Policies, which Emergent abides by. D. Emergent does not participate in wrap fee programs. E. As of December 31, 2022, Emergent has approximately 160 clients and approximately $1,109,311,000 in regulatory assets under management (AUM).