Description of Advisory Firm Linda A. Barlow, CFP® (“LAB,” “we,” “our,” or “us”) is a sole proprietor. Her principal office is located in Santa Ana, California. Linda A. Barlow founded the firm in 1987 and the firm registered as an investment adviser with the State of California. In 2001, the firm registered as an investment adviser with the U.S. Securities and Exchange Commission. Linda A. Barlow, CFP®’s experience with both investment supervisory and financial planning services spans more than 25 years. Born in 1944, she earned her Bachelor of Science in Accounting from LaSalle University in 1976. In 1985, she earned a Masters of Science in Financial Planning from Southern States University. Linda holds the CFP® certification* which she obtained in 1989. She specializes in investment, financial planning and consulting services. Linda’s only business is providing investment advice through LAB. Linda supervises all LAB employees. Her only compensation comes from her regular salary and ownership of LAB. *The CERTIFIED FINANCIAL PLANNER™ and CFP® (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP® Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. The CFP® is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. To earn the credential, each CFP® candidate must have a bachelor’s degree (or higher) from an accredited college or university and three years of full-time personal financial planning experience. In addition, candidates must take the CFP® Certification examination and complete a CFP® -board registered program or hold an accepted designation, degree or license. Every two years, CFP® certificate holders must complete a minimum of 30 hours of continuing education. More information regarding the CFP® is available at http://www.cfp.net/default.asp. Advisory Services Offered LAB offers several types of advisory services including financial planning, custom designed modular planning, consultation, and investment supervisory services. Financial Planning Services LAB offers a range of financial planning services, from comprehensive planning to custom planning focused on specific areas requested by the client. Part of the financial planning process includes collecting information from the client about the client’s financial situation and needs, including: net worth, income, expenses, taxes, investments, retirement plans, life insurance, disability insurance, health insurance, long term care insurance, business agreements, divorce papers, pre-nuptial agreements, estate documents, and any other documents that Linda A. Barlow Brochure Revised March 14, 2024 2 pertain to their overall financial picture. In addition, LAB asks the client about their future goals and objectives. LAB then develops a personalized plan including specific recommendations in all applicable areas. Typically, LAB will develop the plan with the client over several in-person meetings. LAB may also work with the client to provide advice regarding a particular aspect of the client’s financial situation. Areas of focus might include:
• Retirement planning
• Review of current investment portfolio to determine yield, total return and risk characteristics
• Retirement projection
• Income tax analysis
• Review options for pension plan payouts, if any
• Estate planning review
• Analysis of remaining life insurance policies
• Presentation of specific recommendations which seek to: o Adjust investments to provide after-tax total return needed by client to preserve assets over lifetime (if possible) while providing needed income at lowest possible risk o Exercise most beneficial pension plan options o Adjust estate plan to provide for lifetime protection as well as post-death benefits o Hold onto, replace or eliminate life insurance coverage
• Investment advice and/or portfolio redesign
• Cash management planning
• Tax planning
• Life and disability insurance analysis
• Estate planning
• Education planning
• Other, as determined between LAB and the client Our financial planning services do not include preparation of any kind of income tax, gift or estate tax returns or preparation of any legal documents, including wills or trusts. We describe fees charged for financial planning services below under Item 5 - Fees and Compensation. Modular Financial Planning Services Custom-designed modular financial planning services consist of performing the financial planning services described above but limited to only those areas of the client’s financial situation specified by each client. Each client and LAB will agree in advance on the scope of the areas that LAB will include in the plan as well as the extent and nature of the service LAB will provide. We describe fees charged for financial planning services below under Item 5 - Fees and Compensation. Linda A. Barlow Brochure Revised March 14, 2024 3 Consulting Services LAB offers consultation services to clients who need advice on a specific aspect of their financial situation. LAB also offers consultation services to those clients who manage their own portfolios but seek advice regarding that portfolio from time to time. We describe fees charged for financial planning services below under Item 5 - Fees and Compensation. Investment Supervisory Services Investment supervisory services include the design, implementation, and continued monitoring of an investment portfolio consisting of agreed upon assets. LAB considers the client’s financial objectives and constraints, time horizon, risk tolerance, and prevailing economic conditions when determining the asset allocation. LAB normally restricts advice to liquid assets that have published and/or easily obtained performance data. LAB structures each account individually and will take into consideration

each client’s investment needs and risk tolerances. LAB analyzes economic factors such as the supply of money, various interest rates, and commodity prices to help forecast the future economic environment. This then guides LAB’s asset allocation decision and the selection of investments suitable for particular investment portfolios. Investment supervisory clients may utilize the financial planning services, modular planning, and consultation services on assets other than those in the account managed by LAB at no additional fee. There is no minimum dollar value of assets for starting or maintaining an account. Both in-person and meetings via telephone are included in the service. We describe the Fees charged for investment management services below under Item 5 - Fees and Compensation. LAB may offer investment advice on any investment held by the client at the start of the advisory relationship. Recommendations for new investments will typically include:
• Fixed income securities, including corporate and government bonds, commercial paper, and certificates of deposit (CDs)
• Mutual funds and exchange traded funds (ETFs)
• Money market funds and cash
• Insurance products, including variable life insurance
• Variable annuities
• Other investments However, LAB may occasionally offer advice regarding additional types of investments if they are appropriate to address the individual needs, goals, and objectives of the client or in response to client inquiry. Linda A. Barlow Brochure Revised March 14, 2024 4 Retirement Account Advice When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Securities Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. The receipt of our advisory fee for making a recommendation creates a conflict of interest under ERISA/IRC with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. For example, if we recommend that you rollover assets from one retirement account to another and we will receive increased compensation as a result of that recommendation, we have a conflict that requires us to operate under this special rule. Limitations on Investments In some circumstances, LAB’s advice may be limited to certain types of securities. Limitation by Plan Sponsor/Employer In the event LAB is managing assets within a retirement plan such as 403(b) and tax-sheltered annuity (‘TSA’) or other employer plan, LAB is limited to those investment providers and investment options chosen by the plan administrator. In some circumstances, LAB’s advice may be limited to certain types of securities. For example, when we provide services to participants in a self-directed 401(k) plan, the participant may be limited to investing in securities included in the plan’s investment options. In that case, LAB can only make recommendations to the client from among the available options, and will not recommend or invest the client’s account in other securities, even if there may be better options elsewhere. Limitation by Issuer In the event LAB is managing assets within an annuity, LAB is limited to those investment options chosen by the insurance agency. Mutual Fund Limitations There may also be limitations on the mutual funds in which LAB may invest clients’ accounts. For clients with accounts held at certain custodians, LAB is limited to the mutual funds available through the custodian. Similarly, for clients with accounts invested in variable annuity contracts, LAB may only invest in the sub-accounts permitted by the issuer of the variable annuity contract. No Load Mutual Funds LAB generally limits recommendations of mutual funds to no load funds or equivalent investment products. Limitation by Client LAB’s advice may also limited by certain client-imposed restrictions. For more information about the restrictions clients can put on their accounts, see Tailored Services and Client Imposed Restrictions in this Item below. Linda A. Barlow Brochure Revised March 14, 2024 5 Non-managed Assets With respect to investment management services, LAB will only be responsible for the supervision and management of securities we recommend. We will not be responsible for the supervision or management of non-managed assets. Non-managed assets may include securities held in a client’s account that is under management with LAB that were: 1. Delivered into the account by the client; 2. Purchased by the client; 3. Purchased by LAB at the request of the client as an accommodation; or 4. Designated by the client to be non-managed securities. Tailored Services and Client Imposed Restrictions LAB manages client accounts on an individual basis based on each client’s individual circumstances and financial situation, as discussed below under Item 8 - Methods of Analysis, Investment Strategies, and Risk of Loss. We make investment decisions for clients based on information the client supplies about their financial situation, goals, and risk tolerance. Our recommendations may be limited if the client does not provide us with accurate and complete information. It is the client’s responsibility to keep LAB informed of any changes to their investment objectives or restrictions. Clients may also request other restrictions on the account, such as when a client needs to keep a minimum level of cash in the account or does not want LAB to buy or sell certain specific securities or security types in the account. LAB reserves the right to not accept and/or terminate management of a client’s account if we feel that the client-imposed restrictions would limit or prevent us from meeting or maintaining the client’s investment strategy. Wrap Fee Programs LAB does not manage accounts as part of a wrap or bundled fee program. Assets Under Management LAB manages client assets on a continuous and regular basis. As of 12/31/2023, the total amount of assets under our management was: Discretionary Assets $ 239,644,680 Non-Discretionary Assets $ Total Assets $ 239,644,680 Linda A. Barlow Brochure Revised March 14, 2024 6