Description of the Firm Blue Barn Wealth, LLC (also referred to as “Blue Barn Wealth®” or “BBW”) is a Utah domiciled limited liability company. At Blue Barn Wealth, we manage the financial complexity of our clients so that they can live a more simple, intentional and meaningful life. For over 25 years, our firm has helped clients align their actions with their core desires by providing objective financial planning and portfolio management services. Since its inception, Blue Barn Wealth has been a fee-only registered investment adviser. Denise D. Smith, CPA, CFP®, first registered the firm with the Securities and Exchange Commission (SEC) in 1994. In 2001, the firm headquarters were relocated from Laramie, WY to Salt Lake City, UT. In 2005, the firm was renamed Financial Planning Office, LLC. On May 1, 2015, Hyrum L. Smith purchased Financial Planning Office, LLC from Denise Smith. On November 3, 2017, Financial Planning Office became a wholly owned subsidiary of HJB Wealth Management, LLC, which is primarily and beneficially owned by Hyrum Smith through Hyrum L. Smith, LLC, and Jeff Brimhall through Force for Good Financial, LLC. On March 25, 2019, Financial Planning Office, LLC was renamed Blue Barn Wealth, LLC and continues to provide independent and objective financial planning and investment management on a fee-only basis. In addition to our registration as an investment adviser with the Securities and Exchange Commission (SEC), our firm and its associates may register, become licensed, or meet certain exemptions to registration and/or licensing in other jurisdictions in which investment advisory business is conducted. In Texas, we operate under the trade name My Blue Barn Wealth. Description of Advisory Services Offered Blue Barn Wealth offers Financial Planning Services and Portfolio Management Services. We call the combination of these services, Wealth Management Services. Blue Barn Wealth offers these services at three different levels (Essential, Full-Service, and Premium), based on your individual needs and level of assets. The Financial Planning Services provide clients with advice on key topics such as cash flow and debt management, funding a college education, retirement planning, risk management, estate planning, tax planning, among others. Ongoing and continuous supervision of our clients’ portfolios are provided through our Portfolio Management Services, which may include engaging the services of institutional investment managers. For pensions, retirement plans, and businesses, Blue Barn Wealth offers consulting services. For institutional clients, such as other investment advisers, Blue Barn Wealth develops model portfolios and may engage as a consultant. Each of these services are described in greater detail below. New clients begin our services with an initial interview conducted by a representative of our firm to discuss your current situation, goals, and the scope of services that may be provided to you. Around the time of this meeting, you will be provided with our Form ADV Part 2A firm brochure that includes a statement involving our privacy policy, as well as Form ADV Part 2B, a brochure supplement about the representative who will be assisting you. We will also ensure that any material conflicts of interest have been disclosed to you that could be reasonably expected to impair the rendering of unbiased and objective advice. Should you wish to engage our firm for its services, you must first execute a client engagement agreement. Thereafter, discussion and analysis will be conducted to determine your financial needs, goals, holdings, etc. Form ADV Part 2A Page 5 of 27 Throughout the term of the engagement, it is important that we are provided with an adequate level of information and supporting documentation, which may include but is not limited to the following: source(s) of funds, income levels, an account holder or attorney-in-fact’s authority to act on behalf of the account, among other information that may be necessary for us to render our services. The information and/or financial statements provided to us need to be accurate. Our firm may, but is not obligated to, verify the information that you provide, which will then be used in the advisory process. It is essential that you inform our firm of significant issues that may call for an update to your plan. Events such as changes in employment or marital status, an unplanned windfall, etc., can have an impact on your circumstances and plans. Our firm needs to be aware of such events so that adjustments may be made as necessary. Financial Planning Services Clients can engage us for our Financial Planning Services with or without our Portfolio Management Services. These Financial Planning Services can be provided through an Ongoing Engagement, where services are provided for a minimum of at least one year, or they can be provided through a Limited Engagement, where the engagement typically lasts for less than six months. In any case, the core of our Financial Planning Services is to provide our clients with a financial plan. Details about the Financial Planning Services are described further below and in the client engagement agreement. Your financial plan may include the following items that are described in greater detail later in this section: cash flow analysis, debt management, risk management, employee benefits, retirement planning, education planning, tax projections and planning, investment consultation, charitable giving, and business consultation. Your plan may be as broad-based or narrowly focused as you desire. For Essential-Level and Limited-Engagement Financial Planning Services, a subset of these services will be provided to you, which will be outlined in your client engagement agreement. The incorporation of most or all the following components allow for not only a thorough analysis but also a refined focus of your goals and objectives. Note that when these services focus only on areas of your interest, your overall situation or needs may not be fully addressed. Our firm will present a summary of recommendations, guide you in the implementation of some or all of them at your request, and we encourage plan reviews thereafter. A broad-based financial plan is an endeavor that requires significant detail. Therefore, certain variables can affect the cost involved in the development of such a plan, such as the quality of records, the complexity and number of current investments, the diversity of insurance products and employee benefits, the size of the potential estate, and special needs of the client and/or their dependents, among others. Per client request, we may concentrate on reviewing only a specific area, such as an employer retirement plan allocation, college funding, or evaluating the sufficiency of a savings plan. When Financial Planning Services focus only on certain areas of client interest or need, the overall situation or needs may not be fully addressed due to limitations established by the client. In all instances involving our financial planning engagements, our clients retain discretion over implementation decisions and are free to accept or reject any recommendations we make. Depending on the scope of the engagement, you may be asked to provide copies of financial documents as part of the process, such as:
• Tax returns or tax-related documents
• Insurance policies
• Mortgage and/or student loan information
• Wills, codicils, trusts, and other estate documents
• Divorce decree or separation agreement
• Information on current retirement plans and benefits provided by your employer
• Statements reflecting current investments in retirement and non-retirement accounts Form ADV Part 2A Page 6 of 27
• Employment or other business agreements you may have in place
• Completed risk profile questionnaires or other forms provided by our firm While the individual services provided to each client may vary based on unique circumstances, the following services typically apply: an initial discovery meeting, a financial plan report or access to financial planning software, ongoing support regarding covered services, and a financial plan review meeting. The focus of each meeting depends on the specific services requested and the needs of the client. Cash Flow Analysis and Debt Management A review of income and expenses determines current surplus or deficit which can inform recommendations about prioritizing how any surplus should be used, or how to reduce expenses if they exceed your income. Advice may also be provided regarding which debts to pay off first based on factors such as the interest rate of the debt and any income tax ramifications. Recommendations may also be made with respect to appropriate cash reserves for emergencies and other financial goals, and a review of accounts (such as money market funds) for such reserves, plus strategies to save desired amounts. Risk Management A risk management review includes an analysis of exposures to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, property and casualty losses, or the need for long-term care planning. Advice may be provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing insurance (“self-insuring”). Employee Benefits A review and analysis of employee

benefits that you have available to you, as an employee, ensures that you are taking maximum advantage of your benefits. We may offer advice on employer-sponsored retirement plan or stock options, among other benefits that may be available to you. Retirement Planning Retirement planning typically includes building projections of the likelihood of achieving financial goals, with financial independence as an objective. For situations where projections show less than the desired results, recommendations may include making changes in certain variables (e.g., working longer, saving more, spending less, taking more risk with investments) and the impact those changes have on projections. If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during retirement years. Advice may also be given on optimal Social Security and Medicare claiming strategies as well as tax strategies that aim to limit the amount of your Social Security benefit that will be taxed. Education Planning Education planning typically includes projecting the amount that will be needed to achieve post-secondary education funding goals. Advice may be provided regarding savings strategies and the “pros-and-cons” of various college savings vehicles that are available, strategies for paying for college, and education loan repayment strategies. Estate Planning Estate planning involves an analysis of current estate plans and exposures to estate and inheritance taxes. Recommendations may include encouragement to see a licensed attorney to create a new or revisions to a will, powers of attorney, trusts and other related documents. Advice may include ways to minimize or avoid future estate taxes by implementing relevant planning strategies. Estate planning also includes understanding the purpose behind your desired estate plans and helping you to create a plan that is in line with your long-term goals and values as well as your desires for your beneficiaries. Form ADV Part 2A Page 7 of 27 Tax Projections and Planning Tax projections and planning may include strategies to minimize current and future income taxes as a part of your overall financial plan. Recommendations may be provided as to which type of account(s) or specific investments should be owned, where contributions should go, and from where distributions should come, based in part on their impact on your current and future income taxes. Consideration is also given for potential changes to federal, state and/or local tax laws and rates that may impact each client’s situation. Investment Consultation Our investment consultation may involve providing information about the types of investment vehicles available, advice on stock options, investment analysis and strategies, asset selection, asset location, and portfolio design. It may include assisting you with investment accounts that are maintained at other broker/dealers or custodians. The strategies and types of investments that may be recommended are further discussed in Item 8 of this brochure. Charitable Giving We believe that giving generously is a key aspect of living a meaningful life. To give generously, individuals need to feel confident that they have enough to care for their own needs. We use the financial planning process to help clients achieve this assurance. We also provide clients with resources to give efficiently and effectively. Recommendations may involve various methods of charitable giving, such as donor- advised funds (DAFs), foundations, and direct giving. We may also provide guidance about how to evaluate charities to ensure that the money donated is being used effectively. Business Consultation Business owners may be consulted in a variety of ways that impact their financial situation, including business strategy, practice management, general financial advice, capital structure/table, and debt management. Business consultation may also involve coordinating with other financial institutions, attorneys, and/or accountants. Portfolio Management Services Most of our clients engage our firm to implement the investment strategies that we recommended to you. Depending on your risk profile, goals and needs, among other considerations, your portfolio will involve the employment of one or more of our investment strategies as well as either a broad range or more narrowly focused choice of investment vehicles which are further discussed in Item 8 of this brochure. We typically prepare an Investment Policy Statement (IPS) to reflect your objectives, time horizon, tolerance for risk, as well as any reasonable account constraints you may have for the portfolio. For example, you have the right to exclude certain securities (e.g., options, stocks, etc.) at your discretion. Each client’s IPS is designed to be specific enough to provide future guidance while also allowing flexibility to work with changing market conditions. Since this effort is the product of information and data you provide, you may be asked to review it and provide your final approval. We will then develop a customized portfolio for you based on your unique situation, investment goals, and tolerance for risk. We manage your portfolio on a discretionary or nondiscretionary basis (defined in Item 16 of this brochure). We want to note that it will remain your responsibility to promptly notify us if there are any changes in your financial situation and/or investment objectives for the purpose of our reviewing, evaluating, or revising previous account restrictions or firm investment recommendations. Following our review and/or plan development, we may recommend that you engage with one or more institutional investment managers to invest all or a portion of your portfolio under our supervision. Prior to recommending a sub-advisor or third-party investment manager, we will conduct what we believe to be an appropriate level of due diligence that includes ensuring the sub-advisor/third-party manager is appropriately registered or notice-filed within your state of residence. Clients may be required to maintain Form ADV Part 2A Page 8 of 27 a minimum account size to be eligible for this service, and some sub-advisors/third-party managers may require a higher asset-level to invest in their program. We will inform you in advance of each manager’s minimum investment criteria. Under this type of engagement, we will gather input from you about your financial situation, investment objectives, reasonable restrictions you may want to impose on the management of the account, and we will then provide this information to the sub-advisor/third-party manager to develop your portfolio. Sub- advisors/third-party managers will invest on behalf of a client account in accordance with the strategies set forth in their own disclosure documents which will be provided to you by our firm prior to your employing these strategies. A selected sub-advisor/third-party manager assumes discretionary authority over an account, and some of these programs may not be available for those clients who prefer an account to be managed under a non-discretionary engagement or whom may have other unique account restrictions. At least annually thereafter, a review will be performed from both a compliance and performance perspective to determine whether the selected sub-advisor/third-party investment manager remains an appropriate fit for your portfolio. Pension and Retirement Plan Consulting Services Blue Barn Wealth offers consulting services to pensions or other employee benefit plans (including but not limited to 401(k) plans). Pension and retirement plan consulting may include but is not limited to:
• providing fiduciary services as a 3(21) co-fiduciary or a 3(38) investment manager
• identifying investment objectives and restrictions
• providing guidance on various assets classes and investment options
• recommending money managers to manage plan assets in ways designed to achieve objectives
• monitoring performance of money managers and investment options and making recommendations for changes
• recommending other service providers, such as custodians, administrators, and broker-dealers
• providing group education to plan participants
• providing individual guidance to plan participants (as requested)
• creating a written pension consulting plan These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants. Model Portfolio Development For institutional clients, such as other investment advisers, Blue Barn Wealth develops model portfolios and may engage as a consultant. Client Assets Under Management Blue Barn Wealth has the following Client assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $419,993,872 $11,422,672 December 31, 2023 Wrap Fee Program We do not offer an investment program involving wrapped (bundled) fees. Form ADV Part 2A Page 9 of 27 General Information Blue Barn Wealth does not offer legal or tax preparation or compliance related services. With your prior written consent, we will work with your attorney or accountant to assist with the coordination and implementation of any accepted strategies. These other professionals will charge you separately for their services, and their fee is separate of our advisory fee.