Diversified Asset Management, Inc. (“Diversified” or “DAMI”) is an SEC-registered investment adviser with its principal place of business located in Colorado. Diversified began conducting business in 1996. The firm's sole principal owner is Robert J. Pyle, CFP®, CFA®, AEP®, Principal/Financial Planner. We offer the following advisory services to our clients: INVESTMENT SUPERVISORY SERVICES, PORTFOLIO MANAGEMENT AND WEALTH MANAGEMENT Our firm provides continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Typically through personal discussions in which goals and objectives based on a client's particular circumstances are established using a five-step multi- meeting process, we develop a client's personal investment policy and create and manage a portfolio based on that policy. During our data-gathering process, we may seek to determine the client’s individual objectives, time horizons, risk tolerance, liquidity needs, suitability, and other factors. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. For some clients, these steps are combined or condensed, depending on various factors, including the size of the client’s account and client portfolio needs. We manage these advisory accounts on a discretionary basis pursuant to the authority received under the investment advisory agreement with that client. To assist DAMI with its discretionary powers granted under that advisory agreement, DAMI may seek a limited power of attorney from a custodian in connection with accounts held by that custodian on behalf of the client. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. DAMI will facilitate the opening of accounts, implementation of the asset allocation recommended in the investment plan, and rebalancing of the portfolio as needed for each client. Clients will receive quarterly portfolio evaluation reports and time-weighted rate of return reports. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service. Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with our reasonable assessment of the client's stated investment objectives, tolerance for risk, liquidity and suitability. In addition, there are certain investments for which DAMI does not provide investment advice, such as futures and currencies. Wealth Management Services DAMI also provides a Wealth Management Services program, under which each client receives an investment plan, which may include an analysis of their current financial situation, a detailed description of their most important financial goals, as well as recommendations for achieving those financial goals. In support of this investment plan, DAMI typically generates an investment policy statement that includes a description of the investment approach and supporting data and analysis. Finally, as part of our wealth management services, we also offer insight into wealth enhancement, wealth transfer, asset protection and charitable gifting. Use of Independent Managers Where appropriate, DAMI allocates client assets to certain Independent Managers to manage all or part of client assets. The specific terms and conditions, including payment of separately managed fees under which a client engages an Independent Manager are set forth in a separate written agreement between the designated Independent Manager and either DAMI or the client. In addition to this brochure, clients also receive the written disclosure documents of the designated Independent Managers engaged to manage their assets. DAMI evaluates information about the Independent Managers it chooses to manage client portfolios, which include, as appropriate, the Independent Managers’ public disclosure documents, materials

supplied by the Independent Managers themselves and other third-party analyses it believes are reputable. To the extent possible, the Firm seeks to assess the Independent Managers investment strategies, past performance, and risk results in relation to its clients’ individual portfolio allocations and risk exposure. DAMI also takes into consideration each Independent Manager’s management style, returns, reputation, financial strength, reporting, pricing and research capabilities, among other factors. DAMI continues to provide services relative to the discretionary selection of the Independent Managers. On an ongoing basis, the Firm monitors the performance of those accounts being managed by Independent Managers. DAMI seeks to ensure the Independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. FINANCIAL PLANNING DAMI also provides financial planning services, usually, though not necessarily, in conjunction with our investment and wealth management services. Financial planning typically refers to a comprehensive evaluation of a client’s current and future financial state by using currently known variables to seek to predict future cash flows, asset values and withdrawal plans. In the course of the financial planning process, a range of questions, information and analysis is usually taken into consideration before a financial plan is developed. In general, the financial plan can address any or all of the following areas:
• Personal and family history
• Tax and cash flow
• Investments and investment alternatives
• Insurance
• College planning
• Retirement goals and strategies
• Death and disability
• Estate plans and strategies The client determines, in his or her sole discretion, the amount of hours of financial counseling required. Generally, the client may continue for as long as the client believes necessary or stop at any time. Financial planning recommendations are not limited to any specific product or service. All recommendations are of a generic nature. BAM Advisor Services, LLC™ 401k RETIREMENT PLAN SERVICES DAMI advises 401k plans through the BAM Advisor Services, LLC (“BAM”) 401k program. The program seeks to bring the same investment philosophy and managed portfolios generally used with DAMI’s individual wealth management clients to 401k participants in a daily-valuation recordkeeping format. Under the program, DAMI typically recommends model portfolios comprised of a diverse group of asset-class specific, no-load mutual funds and exchange-traded funds. Plan participants have the option of selecting a model portfolio or constructing their own customized portfolio of funds. BAM is a registered investment adviser and is independently owned and operated. Typically under these arrangements, 401k plans, through their authorized representatives, will enter into agreements with both BAM and DAMI. Pursuant to these agreements, BAM exercises sole discretion and constructs and maintains the model portfolios. Plan representatives establish a relationship with an independent qualified recordkeeper on behalf of the Plan. BAM has sole discretion to direct a Plan’s recordkeeper to rebalance account balances of Plan participants to the extent necessary to comply with the current allocation of BAM’s model portfolios. DAMI reserves the right to recommend other 401k plan providers if the situation warrants. CONSULTING SERVICES Clients can also receive investment advice on a more focused basis. This may include advice on only an isolated area(s) of concern such as estate planning, retirement planning, or any other specific topic. We also provide specific consultation and administrative services regarding investment and financial concerns of the client. All recommendations provided as part of our consulting services are of a generic nature. AMOUNT OF MANAGED ASSETS As of December 31, 2022 DAMI manages $ $102,820,511 of clients' assets on a discretionary basis, with no assets on a non-discretionary basis.