4.A. Advisory Firm Description Morris Financial Concepts, Inc. (“MFC,” the “firm,” or “Adviser”) is organized as a Corporation in the State of South Carolina. Kyra Morris is the principal owner. The organization first filed for incorporation as of 01/12/2001. 4.B. Types of Advisory Services MFC typically engages clients in the following services: 1. Financial Planning: The Financial Planning Agreement engagement provides a broad range of financial planning services which may include tax-related and other non-investment related matters. In general, planning services provided under the Financial Planning Agreement do not include investment supervisory or investment management services, nor the regular review or monitoring of the client’s investment portfolio. An additional addendum may allow for the discretionary management of assets under this contract. The Financial Planning Agreement is offered for a period of one year to implement and monitor the plan or until terminated by either party. MFC may provide continuing review and update services beyond the first year for a mutually agreed upon fee. The services provided by MFC in a Financial Planning Agreement engagement generally encompass eight primary areas: Personal Financial Statement; Tax Planning; Retirement Planning; Estate Planning; Cash Flow Management; Education Planning; Investment Planning; and Insurance Planning. Financial Planning Agreement Operation: MFC is authorized to rely on information provided by the client. MFC may recommend the services of itself and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if MFC recommends its own services. The client is under no obligation to act upon any of the recommendations made by MFC under a financial planning engagement and/or engage the services of any such recommended professional, including MFC. The client retains discretion over all such implementation decisions and is free to accept or reject any of MFC’s recommendations. It is a client’s responsibility to promptly notify MFC if there is ever any change in the client’s financial situation or investment objectives for the purpose of reviewing, evaluating, or revising MFC’s previous recommendations and services. 2. Total Service Agreement - Financial Planning and Portfolio Management Services for Individuals and/or Small Businesses: The Total Service Agreement engagement provides all the comprehensive financial planning services included in the Financial Planning Agreement and adds investment management services. MFC uses a sophisticated series of proprietary systems and tools to manage a client’s investment portfolio in accordance with the Financial Plan and agreed upon investment strategy. All client portfolios are managed independently and are customized to the client’s situation, but are based on MFC’s primary investment philosophy and “model” portfolios. Client models are generally limited to the use of mutual funds and ETFS. For some qualified clients, we may suggest certain limited partnerships. Clients may occasionally impose restrictions on investing in particular securities or accounts. These must be adequately disclosed to MFC. Clients are advised to promptly notify the firm if there are ever any changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon MFC’s management services. 3. Hourly Services: MFC will provide Financial Planning Services on an hourly basis, and the fees are described in Item 5. These services mimic the services on the full Financial Planning agreement, but are modular rather than comprehensive. 4. Pension Consultant: MFC provides consulting services to select company 401k plans. These services may include the following:
• monitoring the selection of investments for the plan
• providing investment education services to plan participants,
• providing some assistance with administrative services (helping to process RMD’s, review filings of certain documents) MFC will not act as a trustee on the plan or a TPA for the purposes of ensuring the plan is administered fairly to all plan participants. ADDITIONAL DISCLOSURES Retirement Plan Rollovers – No Obligation / Potential for Conflict of Interest: A client or prospective client leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). If MFC recommends that a client roll over their retirement plan assets into an account to be managed by MFC, such a recommendation creates a conflict of interest if MFC will earn an advisory fee on the rolled over assets. No client is under any obligation to roll over retirement plan assets to an account managed by MFC. Use of Mutual Funds: While MFC may recommend allocating investment assets to mutual funds that are not available directly to the public, MFC may also recommend that clients allocate investment assets to publicly-available mutual funds that the client could obtain without engaging MFC as an investment adviser. However, if a client or prospective client determines to allocate investment assets to publicly-available mutual funds without engaging MFC as an investment adviser, the client or prospective client would not receive the benefit of MFC’s initial and ongoing investment advisory services. Other mutual funds, such as those issued by Dimensional Fund Advisors (“DFA”), are generally only available through selected registered investment advisers. MFC may allocate client investment assets to DFA mutual funds. Therefore, upon the termination of MFC’s services to a client, restrictions regarding transferability and/or additional purchases of, or reallocation among DFA funds will apply. Unaffiliated Private Investment Funds. MFC may provide investment advice regarding unaffiliated private investment funds. MFC’s role relative to the private investment funds shall be limited to its initial and ongoing due diligence and investment monitoring services. If a client determines to become a private fund investor, the amount of assets invested in the fund(s) shall be included as part of “assets under management” for purposes of MFC calculating its investment advisory fee. MFC’s clients are under absolutely no obligation to consider or make an investment in a private investment fund(s). Private investment

funds generally involve various risk factors, including, but not limited to, potential for complete loss of principal, liquidity constraints and lack of transparency, a complete discussion of which is set forth in each fund’s offering documents, which will be provided to each client for review and consideration. Unlike liquid investments that a client may maintain, private investment funds do not provide daily liquidity or pricing. Each prospective client investor will be required to complete a Subscription Agreement, pursuant to which the client shall establish that they are qualified for investment in the fund, and acknowledges and accepts the various risk factors that are associated with such an investment. In the event that MFC references private investment funds owned by the client on any supplemental account reports prepared by MFC, the value(s) for all such private investment funds shall reflect either the initial purchase and/or the most recent valuation provided by the fund sponsor. If the valuation reflects the initial purchase price (and/or a value as of a previous date), the current value(s) (to the extent ascertainable) could be significantly more or less than the original purchase price. Limitations of Financial Planning and Non-Investment Consulting Services: To the extent requested by a client, MFC may provide financial planning and related consulting services regarding non-investment related matters, such as estate planning, tax planning, insurance, etc. MFC does not serve as a law firm, accounting firm, or insurance agency, and no portion of MFC’s services should be construed as legal, accounting, or insurance implementation services. Accordingly, MFC does not prepare estate planning documents, tax returns or sell insurance products. To the extent requested by a client, MFC may recommend the services of other professionals for certain non-investment implementation purposes (i.e. attorneys, accountants, insurance agents, etc.). Clients are reminded that they are under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation made by MFC or its representatives. However, if the client engages any unaffiliated recommended professional, and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. 4.C. Client Investment Objectives/Restrictions Prior to providing investment advisory services, and/or consulting services, MFC requires each client to enter into a written agreement that sets forth the terms and conditions under which MFC will render its services (the “Investor Advisory Agreement”). The firm works closely with its clients to identify their goals, objectives, risk tolerance and liquidity needs and then constructs a portfolio tailored to the individual client. Each client is advised that it remains their responsibility to promptly notify MFC if there is ever any change in their financial situation, investment objectives, or if they wish to impose reasonable restrictions for the purpose of reviewing, evaluating or revising MFC’s previous recommendations and/or services. In performing its services, MFC shall not be required to verify any information received from the client or from the client’s other professionals and is expressly authorized to rely thereon. 4.D. Wrap Fee Program MFC provides discretionary investment management services on a wrap fee basis in accordance with our investment management wrap fee program (the “Program”). The services offered under, and the corresponding terms and conditions pertaining to, the Program are discussed in the Wrap Fee Program Brochure, a copy of which is presented to all prospective Program participants. Under the Program, MFC is able to offer participants discretionary investment management services, for a single specified annual Program fee, inclusive of trade execution, custody, reporting, account maintenance, investment management fees. However, clients may be responsible for, but not limited to, trustee fees, mutual fund expenses, ETF expenses, mark-ups, mark- downs, transfer taxes, fees charged by independent managers and/or separately managed accounts, odd lot differentials, exchange fees, interest charges, American Depository Receipt agency processing fees, and any charges, taxes or other fees mandated by any federal, state or other applicable law or otherwise agreed to with regard to client accounts (Such fees are in addition to any fees paid by the client to MFC and are between the client and the account custodian). The terms and conditions for client participation in the Program are set forth in detail in the Wrap Fee Program Brochure, which is presented to all prospective Program participants in accordance with disclosure requirements. All prospective Program participants should read both our Brochure and the Wrap Fee Program Brochure, and ask any corresponding questions that they may have, prior to participation in the Program. As indicated in the Wrap Fee Program Brochure, participation in the Program may cost more or less than purchasing such services separately. When managing a client’s account on a wrap fee basis, MFC shall receive as payment for its asset management services, the balance of the wrap fee after all other costs (including account transaction fees) incorporated into the wrap fee have been deducted. As also indicated in the Wrap Fee Program Brochure, the Program fee charged by MFC for participation in the Program may be higher or lower than those charged by other sponsors of comparable wrap fee programs. Because Program transaction fees and/or commissions are being paid by MFC to the account custodian/broker-dealer, MFC could have an economic incentive to maximize its compensation by seeking to minimize the number of trades in the client's account. There is no significant difference between how MFC manages wrap fee accounts and non- wrap fee accounts. However, as stated above, if a client determines to engage MFC on a wrap fee basis the client will pay a single fee for bundled services (i.e. investment advisory, brokerage, custody). The services included in a wrap fee agreement will depend upon each client’s particular need. If the client determines to engage MFC on a non-wrap fee basis the client will select individual services on an unbundled basis, paying for each service separately (i.e. investment advisory, brokerage, custody). 4.E. Assets Under Management As of December 31, 2022, MFC managed $344,443,003 in total Regulatory Assets Under Management:
• $335,318,511 in assets managed on a discretionary basis; and
• $9,124,492 in assets managed on a non-discretionary basis.