A. H. Thomas Platt III founded Live Oak Family Offices LLC (“Live Oak”) in August 2003. He was the sole owner and investment advisor of the firm until the end of 2021. On January 1, 2022, Kevin P. McCutcheon joined and became an equal partner at Live Oak. B. Live Oak provides discretionary investment management services utilizing a balanced asset allocation comprised of equities, fixed income, alternative investments (e.g., commodities funds, real estate funds), and cash reserves. Live Oak typically invests in mutual funds and exchange traded funds. C. Our objective is to provide a comprehensive wealth management solution for each client by integrating planning, investment management, and monitoring/analysis resources with Live Oak’s competencies. To meet client needs, we focus on the following: ➢ Strategic investment policy ➢ Tactical asset allocation ➢ Access to private alternative investment opportunities, when appropriate ➢ Investment monitoring and performance evaluation D. IRA Rollover Recommendations For the purpose of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02"), when applicable, we are providing the following acknowledgment to clients. When we provide investment advice to clients regarding their retirement plan account or individual retirement account, we are a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with client interests. We operate under an exemption that requires we act in the clients’ best interest and

not put our or our employees’ interests ahead of the clients. Under this exemption, we must:
• meet a professional standard of care when making investment recommendations (give prudent advice),
• never put our or our employees’ financial interests ahead of the clients when making recommendations (give loyal advice),
• avoid making misleading statements about conflict of interests, fees, and investments,
• follow policies and procedures designed to ensure that our and our employees give advice that is in the clients’ best interest,
• charge no more than is reasonable for services, and
• give the clients basic information about conflict of interests. We benefit financially from the rollover of the clients’ assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when our and our employees believe it is in the clients’ best interest. E. Live Oak does not participate in any wrap fee programs. F. As of December 31, 2023, assets managed in-house for investment management clients and family total approximately $41.8 million. From time to time, Live Oak also recommends direct private placement investments to clients. At this writing, investment management clients and family have invested approximately $3 million in various private placement investments. Live Oak also offers family office services for non-investment management clients. At this writing, Live Oak has approximately $102.7 million assets under management for family office clients.