Introduction The Karras Company is a registered investment adviser with the Securities and Exchange Commission (“SEC”) pursuant to the Investment Advisers Act of 1940. Registration as an investment adviser with the SEC does not imply a certain level of skill or training. The Karras Company (Karras or the Firm) is in its 28th year of operation. As of December 31, 2023, The Karras Company provides advice on $3,364,221,663 of client assets (“Assets Under Advisement” or “AUA”). Regulatory assets under management (AUM) total $315,162,614 and is further detailed below. Amount of Assets Under Advisement Assets Under Advisement includes: assets under management; assets for which we provide investment advice that are held externally (we do not implement trades); and assets held under RJFS but not covered by an advisory agreement. Amount of Assets Under Management The portion of AUM managed on a discretionary basis, as of as of December 31, 2023: $287,193,631. The portion of AUM managed on a non-discretionary basis, as of as of December 31, 2023: $27,968,983. Associations Karras utilizes the services of both Raymond James Financial Services, Inc. (“RJFS”), member FINRA/SIPC and Raymond James & Associates, Inc. (“RJA”), member NYSE/SIPC. RJFS is a broker/dealer and primarily in the business of selling securities and other investments including annuities, fixed income securities, and life insurance products, on a full-time basis in all 50 states, including Washington D.C., Puerto Rico and the U.S. Virgin Islands RJA serves as the custodian for RJFS client accounts, acts as the clearing agent, and facilitates advisory programs. Asset Management Services (“AMS”) is a division of RJA. AMS manages several investment advisory programs for RJA and RJFS, which maintain an approved list of investment managers, provide asset allocation model portfolios, establish custodial facilities, monitor performance of client accounts, provide clients with accounting and other administrative services, and assist investment managers with certain trading management activities. Karras is in no way affiliated with RJFS or RJA, or any of their affiliates and subsidiaries. As used in this Brochure, the words “we,” “our” and “us” refer to Karras and your investment adviser representative (“IAR”), and the words “you,” “your” and “client” refer to you as either a client or prospective client of our firm. Our Principal Owners The principal owners of the Firm are Brett Nolan Karras, President, and Nolan Eldon Karras, Chairman. Brett has been with Karras since 2000, and Nolan established the firm in 1997. Services Offered to Clients Depending on your personal financial situation and the goals you are looking to accomplish, Karras may provide wealth planning services as well as investment consulting services Wealth Planning Services Category Description Financial Planning May include budgeting, cash flow analysis, assessing current financial situation, defining financial goals, net worth statement, debt management, lifestyle planning, major buy/sell decisions, risk tolerance review, asset allocation design, portfolio holdings review and portfolio analysis Tax Planning* Tax strategies, tax distribution analysis, gift tax

planning and capital gain/loss analysis Insurance Planning Life insurance review, disability insurance review, needs analysis, disability, long-term care, risk management and liability insurance Education Planning Tuition planning, education account reviews and education funding Retirement Planning Retirement accumulation planning, income analysis, longevity planning, retirement account review and distribution analysis Estate Planning Estate planning review and analysis, gift strategies, multigenerational planning, philanthropic planning and legacy planning Business Planning Business succession planning, education workshop, buy/sell agreements, business insurance review and disability protection options *Any information presented in a financial plan regarding potential tax considerations is not intended as tax advice and should not be relied upon for the purpose of avoiding any tax penalties. Our Firm and our financial advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Investment Consulting Services Category Description Investment Consulting May include a client investment profile, a portfolio holdings review, asset allocation review and proposal and investment strategy recommendations Security and Investment Manager Research / Due Diligence Services related to security and investment manager research, due diligence of asset classes and sub-class analysis, sector, style and historic performance review When providing you with services, your IAR will work with you to determine the appropriate investment objectives based on the information you provide initially, and periodically thereafter. With this information, you and your adviser may select to participate in an advisory program or utilize a commission account. Please refer to Item 5 for additional details on these accounts. If you wish to impose or modify an existing investment restriction, you may do so at any time by discussing this with your IAR. The decision to implement any recommendation rests exclusively with you, and you have no obligation to implement any such recommendations through us or RJFS. You should also understand that RJFS and Karras may perform services for various other clients. RJFS and Karras may give advice or take actions for those other clients that differ from the advice given to you. Also, the timing or nature of any action taken for your account may be different. You should note that similar services may be available from other registered investment advisers for similar or lower fees. Institutional Consulting Services In addition to providing wealth planning and investment consulting services to individuals and entities, we also provide advice and consultation to institutions, corporations, business entities and/or employer-sponsored retirement plans. Services rendered may include, but are not necessarily limited to, the development of a documented investment process, asset allocation, research and investment recommendations, plan participant education, investment or investment manager performance monitoring and guidance to the plan sponsor on their fiduciary obligations to plan participants.