Parcion Private Wealth (“Parcion,” “we,” “our,” “us”) offers a variety of advisory services, which include financial planning, consulting, and investment management services. Prior to providing advisory services, we enter into a written agreement with you setting forth the relevant terms and conditions of the advisory relationship (the “Advisory Agreement”). Parcion was formed and became registered as an investment adviser in October of 2020. The firm is owned by Terrance L. Cook. Parcion provides clients with comprehensive wealth management services which include a broad range of financial planning and consulting services as well as discretionary and/or non- discretionary management of investment portfolios. Investment Management Services In managing client assets, we primarily allocate among individual equities and debt securities, including equity and debt-focused exchange-traded funds (“ETF”), some mutual funds, and some degree of cash or equivalents. We also may allocate to various independent investment managers (“Independent Managers”) to meet specific client needs. In addition, when appropriate we also recommend that certain eligible clients invest in alternative investments, such as structured notes or privately placed securities, which may include debt, equity and/or interests in pooled investment vehicles, such as hedge funds or real estate funds. While the above are our typical investment management services, we are not limited to any particular type of investment. We provide advice about any legacy holdings in client portfolios. We routinely manage and/or advise on investment products that are not maintained at the 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). In these situations, we direct or recommend the allocation of your assets among the various investment options available with the product. These assets are generally maintained at the underwriting insurance company, or with the custodian designated by your employer or the product’s sponsor. Because these investments are not held with the primary custodian, we usually need you to execute additional authorizations to permit us to trade on your behalf. We tailor our advisory services to meet the needs of individual clients and seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives. We consult with you on an initial and ongoing basis to assess your specific risk tolerance, time horizon, liquidity constraints and other related factors relevant to the management of their portfolios. Please promptly notify us if there are changes in your financial situation or if you wish to place any limitations on the management of your portfolio. You can impose reasonable restrictions or mandates on our management of your accounts; we generally accept client restrictions as long as we believe them to be operationally reasonable to implement and as long as we believe they are consistent with our fiduciary duty to you. Use of Independent Managers We may select certain Independent Managers to actively manage a portion of your assets. While we maintain discretionary authority to hire and fire these Independent Managers, they generally require that you enter into an investment advisory agreement directly with them, in addition to the Advisory Agreement

you have with Parcion. You will also receive the Independent Manager’s brochure. We evaluate a variety of information about Independent Managers, including the Independent Managers’ public disclosure documents, materials supplied by the Independent Managers themselves, and other third-party analyses we believe are useful. To the extent possible, we seek to assess the Independent Managers’ investment strategies, past performance and risk results. We also consider management style, reputation, reporting, pricing and research capabilities, among other factors. Wealth Management and Consulting Services We offer a broad range of wealth management and related consulting services, which include any or all of the following functions:
• Business Planning
• Cash Flow Forecasting
• Trust and Estate Planning
• Financial Reporting
• Investment Consulting
• Insurance Planning
• Retirement Planning
• Risk Management
• Charitable Giving
• Distribution Planning
• Tax Planning
• Manager Due Diligence Depending on the services we agree to perform, we will work with you to identify the scope of information needed and to help ensure you are able to obtain the information from reliable sources. In performing these services, we rely on information you (or your other professionals, such as attorneys or accountants) provide to us, and generally do not perform any additional verification. Parcion often reviews client insurance needs as part of its financial planning and wealth management services. Where we believe insurance is required, we typically refer clients to an independent insurance agency. That agency will further assess client requirements and determine which products are appropriate. Parcion does not itself make specific insurance recommendations, such as suggesting a particular insurance carrier. We may share in the commissions that apply to life insurance you purchase based on our referral, and will disclose at the time of referral if this is the case, but you are under no obligation to accept our recommendation or referral. You are also welcome to implement any general recommendation we make through insurance agencies that have no relationship with us. See Item 10 for more information about insurance compensation and related conflicts of interest. Important Information for Retirement Investors When we recommend that you rollover retirement assets or transfer existing retirement assets (such as a 401(k) or an IRA) to our management, we have a conflict of interest. This is because we will generally earn additional revenue when we manage more assets. In making the recommendation, however, we do so only after determining that the recommendation is in your best interest. Further, in making any recommendation to transfer or rollover retirement assets, we do so as a “fiduciary,” as that term is defined in ERISA or the Internal Revenue Code, or both. We also acknowledge we are a fiduciary under ERISA or the Internal Revenue Code with respect to our ongoing investment advisory recommendations and discretionary asset management services, as described in the advisory agreement we execute with you. To the extent we provide non-fiduciary services to you, those will be described in the advisory agreement. Assets Under Management As of December 31, 2023, we managed $2,193,318,212 of client assets, all on a discretionary basis.