Firm Description Delta Financial Group, Inc. (“Delta”) was founded on April 2nd, 1991. Delta Financial Group, Inc. offers to provide personalized confidential financial planning and investment management to individuals, retirement plans, trusts, estates, charitable organizations and small businesses. Financial planning advice can include advice on such matters not involving securities. Advice is provided through consultation with the client and may include: determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Delta Financial Group, Inc. is a fee-only financial planning and investment management firm. The firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. Additionally, no finder’s fees are accepted. A written evaluation of each client's initial situation may be provided to the client, often in the form of a net worth statement. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. The initial meeting, which may be by telephone, is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client. It is noted that a recommendation in isolation may be counterproductive and should therefore be discussed with the client prior to taking such action. Our financial planning services are provided for on a comprehensive basis. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. Delta Financial Group, Inc. does not act as a custodian of client assets. Principal Owners The Principal Owners of Delta Financial Group, Inc. are Sean F. Donovan, CFP® and Joseph J. Macellara, CFP®. Mr. Donovan is a 50% stockholder. In addition to his duties as a Principal Owner, Sean is also the Chief Compliance Officer for Delta Financial Group, Inc. Mr. Macellara is the other 50% stockholder and Corporate Secretary for Delta Financial Group, Inc. Types of Advisory Services Delta Financial Group, Inc. provides investment supervisory services, also known as asset management services; manages investment advisory accounts not involving investment supervisory services; furnishes investment advice through consultations. Items used in conjunction with asset management services can include the use of periodicals about securities, special reports about securities and issues, charts, graphs, formulas, or other devices which clients may use to evaluate securities. On more than an occasional basis, Delta Financial Group, Inc. furnishes advice to clients on matters not involving securities, such as financial planning matters, taxation issues, and trust services that often include estate planning. As of December 31st, 2021, total regulatory assets under advisement for Delta Financial Group, Inc. were approximately $1,076,241,677 for approximately 766 clients. Approximately $1,015,390,531 is managed on a discretionary basis, and $60,851,146 is managed on a non-discretionary basis. Delta’s services are generally provided to the client pursuant to an investment advisory agreement. However, Delta may also enter into a tri-party investment advisory agreement with the client and another investment advisory firm that assumes fiduciary responsibility for recommending and/or selecting the investment strategy for the client including a suitable asset allocation. Tailored Relationships The goals and objectives for each client are generally revealed through the financial planning process and documented in our client meetings, which help to forge a strong relationship. Investment policy statements are created that reflect the stated goals and objectives of each client. Clients may impose restrictions on investing in certain securities or types of securities. Types of Agreements The following agreements define the typical client relationships: Financial Planning Agreements and Advisory Services Agreements. These Agreements may not be assigned without client consent. Financial Planning Agreement A financial plan is designed to help the client with all aspects of financial planning without ongoing investment management once the initial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; written analysis and reports as well as computer generated analysis; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client. In general, a financial planning client can receive a written plan that will address the following areas or concern: a) Investment Planning b) Risk Management c) Tax Planning d) Budget and Emergency Fund Planning e) Retirement Planning & Participation f) Estate Planning g) College/Educational Cost Analysis Planning

Required information will be gathered through personal interviews. Related documents supplied by the client are carefully reviewed with a questionnaire completed by the client and a written report is prepared. (Any implementation is solely at the discretion of the client). Advisory Service Agreement Most clients choose to have Delta Financial Group, Inc. manage their assets on a discretionary basis in order to obtain ongoing in-depth advice and life planning. A comprehensive analysis of the client’s financial affairs is composed. Realistic and measurable goals are set and objectives to reach those goals are defined. As the goals and objectives change over time, suggestions are made and implemented on a proactive basis. The scope of work and fee is detailed in the Investment Advisory Agreement, which is provided to the client in writing prior to the start of the relationship. An Investment Advisory Agreement includes: cash flow management; insurance review; investment management (including performance reporting); education planning; retirement planning; estate planning; and tax planning, as well as the implementation of recommendations within each area. The annual Advisory Service Agreement (Asset Management fee) for discretionary and non-discretionary accounts is based upon either a flat fee or on a dollar value of each portfolio(s). Clients will be invoiced depending on the dollar values of each portfolio(s). A minimum annual fee of $7,500 or a minimum account size of $500,000 is anticipated. Basic fee standards are based on a percentage of the investable assets according to the following schedule: Annual Fee Invested Capital 1.50% Accounts below $500,000; 1.25% 500,001 to 1,000,000; 1.00% $1,000,001 to $3,000,000 Negotiated Accounts over $3,000,001 It should be noted that potential clients negotiate the above stated fees. These percentages are to be used as a general guideline only. Current client relationships may exist where the fees are higher or lower than the fee schedule above. Although the Financial Advisory Agreement is a perpetual agreement, the length of service to the client is at the client’s discretion. The client or the investment manager may terminate an Agreement by written notice to the other party. At termination, fees will be billed on a pro rata basis for the portion of the quarter completed. The portfolio value at the completion of the prior full billing quarter is used as the basis for the fee computation, adjusted for the number of days during the billing quarter prior to termination. Retainer Agreement Delta does not offer a Retainer Agreement to its clients at this time. Investment Management Agreement Please refer to the section Advisory Service Agreement above for any Investment Management Agreements. The annual fee for an Investment Management Agreement is governed by the same language stated in the Advisory Services Agreement. Hourly Planning Engagements Delta Financial Group, Inc. provides hourly planning services for clients who need advice on a limited scope. In these cases, Delta will provide periodic advice on all or part of the Financial Planning or Asset Management areas listed above. This service is designed for clients who may not need or require full-service advice but may include the rendering of oral advice to the client, a single written analysis, a report on a specific topic(s) such as tax planning and investment planning, or any one or more limited areas of interest. The maximum hourly rate for this limited scope engagement is $250.00. The first payment is due upon signing an agreement for such service with any balance being billed by invoice to the client in arrears. Fees are due and payable within 30 days of the invoicing date(s). Asset Management Assets are invested primarily in no-load mutual funds or mutual funds that avoid paying sales charges altogether, closed end funds and exchange-traded funds, usually through discount brokers or fund companies. It should be noted that mutual fund companies and exchange traded funds charge each fund shareholder an investment management fee that is disclosed within the fund(s) prospectus. Discount brokers may charge a transaction fee for the purchase of some institutional class mutual fund shares. Stocks and bonds may be purchased or sold through a brokerage account when appropriate. The brokerage firm charges a fee for stock and bond trades. Delta Financial Group, Inc. does not receive any compensation, in any form, from fund companies or the brokerage firm it uses to clear trades through (Fidelity Investments-Institutional Wealth Services and Charles Schwab Advisor Services). Investments may also include: equities (stocks), warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities (variable life insurance, variable annuities, and mutual funds shares), U.S. government securities, options contracts, futures contracts, and interests in partnerships. Initial public offerings (IPOs) are available through our relationship with Fidelity on a limited basis. Termination of Agreement A client may terminate any of the aforementioned agreements at any time for any reason upon receipt of 30 days written notice to Delta Financial Group, Inc. and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, Delta Financial Group, Inc. would refund any unearned portion of the advance payment. Delta Financial Group, Inc. may terminate any of the aforementioned agreements at any time for any reason upon receipt of 30 days written notice to the client If the client made an advance payment, Delta Financial Group, Inc. would refund any unearned portion of the advance payment.