Firm Description Otto & Associates, Inc., founded in 1991, provides personalized confidential financial planning and investment management, primarily to individuals and families, and also to charitable organizations, trusts, estates, pension and profit sharing plans, and small businesses. Advice is provided through consultation with the client and may include: determination of financial objectives, budgeting and cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Otto & Associates, Inc. (O&A or Advisor) is strictly a fee-only financial planning and investment management firm. The firm does not sell any commissioned products such as annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder’s fees are accepted. Investment advice, an integral part of financial planning, is provided in consultation with our clients. O&A does not act as a custodian of client assets. The client always maintains asset control. O&A places trades for clients under a limited power of attorney. Investments are reviewed regularly and monthly reports are furnished by the custodians. O&A is always available to review these reports with clients. The first step in working with clients is an initial meeting, which may be by telephone, at which specific financial needs are identified. The initial meeting, for which there is a $1,000 charge, is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client, and advice is given if sufficient information is provided. If the initial meeting, perhaps with some follow-up, is not sufficient to resolve the financial issues presented, within a few days clients are presented with a proposal that summarizes the issues and includes estimates of the cost. As the planning relationship develops, periodic reviews are done to review progress and help ensure that progress is made toward meeting financial goals. 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. Principal Owners Susan Otto Goodell is a 50% stockholder and David W. Otto is a 40% stockholder. Elizabeth Otto, who is not active in the business, is a 10% stockholder. Types of Advisory Services Otto & Associates, Inc. provides investment supervisory services, also known as asset management services, and furnishes investment advice through consultations. On more than an occasional basis, O&A furnishes advice on matters not involving securities, such as financial planning matters. As of 12/31/23, Otto & Associates, Inc. manages approximately $220 Million in assets for approximately 150 clients, all of which is managed on a discretionary basis. Tailored Relationships Advisory services are tailored to the individual needs of clients. The goals and objectives for each client are documented in our client relationship management system. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. The following services define the typical client relationships. Financial Planning Services A financial plan is designed to help the client with all aspects of financial planning without ongoing investment management after the financial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; 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. The fee for a financial plan is predicated upon the facts known at the start of the engagement. The minimum fee is $3,000 and is negotiable. Since financial planning is a discovery process, situations occur wherein the client is unaware of certain financial exposures or predicaments. Otto & Associates, Inc. may also prepare a retirement plan, which is a projection to help determine whether a client is on track for a comfortable retirement. If not, solutions are explored. The retirement plan is then updated and progress towards meeting that goal is assessed. The minimum fee for a retirement plan is $1,500 and is generally not negotiable. There is no charge for monitoring the plan. In the event that the client’s situation is substantially different than disclosed at the initial meeting, a revised fee may be provided by mutual agreement. The client must approve the change of scope in advance of the additional work being performed when a fee increase is necessary. After delivery of a financial plan or retirement plan, future face-to-face meetings may be scheduled as necessary. Follow-on implementation work over and above the scope of the originally agreed fee is billed separately at the rate of $250 per hour. Advisory Services Most clients choose to have Otto & Associates, Inc. manage their assets in order to obtain ongoing in-depth financial advice and planning. All aspects of the client’s financial affairs are reviewed. Realistic and measurable goals are set and objectives to reach those goals are defined. As goals and objectives change over time, suggestions are made and implemented on an ongoing basis. The scope of work and fee for advisory services is provided to the client prior to the start of the relationship. Advisory services generally include: 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 length of service to the client is at both the client’s and the firm’s discretion. The client or the firm may terminate the relationship by notice to the other party. Retainer Services In some circumstances, an annual retainer fee may be offered in lieu of an asset based fee for advisory services when it is more appropriate to work on a fixed-fee basis. The annual fee for a retainer arrangement is negotiable. Hourly Planning Engagements O&A provides hourly financial planning services for clients who need advice on a limited scope of work. The hourly rate for limited scope engagements is $250. Asset Management Assets are invested primarily in no-load mutual funds and exchange traded funds (ETFs), through discount brokers/custodians, and we also use other types of investments such as closed end funds and private alternative investments, where appropriate. Fund companies and private placement sponsors charge each investor an investment management fee that is disclosed in the fund prospectus or in legal documents, such as a private purchase memorandum. Discount brokerage companies and custodians may charge a transaction fee for the purchase or sale of some funds or investments. O&A does not receive any commissions or compensation in any form from fund or management companies. Investments may also include: equities (stocks), warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, U. S. government securities, options contracts, futures contracts, and interests in partnerships. Initial public offerings (IPOs) are not available through O&A. Termination of Agreement A Client may terminate any of the aforementioned agreements at any time by notifying Otto & Associates, Inc. and paying the rate for the time spent on the advisory engagement prior to notification of termination. If the client made an advance payment, O&A will refund any unearned portion of the advance payment. Otto & Associates, Inc. may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, O&A will refund any unearned portion of the advance payment.