Firm Description The financial advisory practice of GLASGOW PARTNERS, LLC was founded in 2003. GLASGOW PARTNERS, LLC offers personalized confidential investment management to federally insured credit unions. Advice is offered through consultation with the senior officers of the client and may include: assessing a client’s assets and liabilities, income and expenses, risk tolerance, and overall business operations. GLASGOW PARTNERS, LLC is strictly an adviser to institutional clients – federally insured credit unions – in a non-discretionary fashion. Investment advice is offered, with the client making the final decision on investment selection. No finder’s fees are accepted. GLASGOW PARTNERS, LLC does not act as a custodian of client assets. The client always maintains asset control through SEC and FINRA registered custodial broker/dealers. GLASGOW PARTNERS, LLC places trades for clients under a limited power of attorney. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. An initial meeting, which may be by telephone, is free of charge and is considered an exploratory interview to determine the extent to which investment management services offered by GLASGOW PARTNERS, LLC may be beneficial to the client. Principal Owners Thomas Campbell is the principal owner of GLASGOW PARTNERS, LLC. Types of Advisory Services GLASGOW PARTNERS, LLC offers investment advisory services, also known as asset management services. As of December 31, 2023, GLASGOW PARTNERS, LLC manages approximately $113 million in assets for 8 credit union clients. All client assets are managed on a non-discretionary basis. Tailored Relationships The goals and objectives for each client are identified in meetings with clients. Investment Policy Statements are created or, if already on file, reviewed to ensure that they reflect the stated goals and objectives and are compliant with Federal and state credit union regulations. Client investment policies may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. Types of Agreements The following agreements define the typical client

relationships. Investment Management Agreement Some clients may choose to have GLASGOW PARTNERS, LLC manage their investment assets in order to obtain ongoing advice within industry-specific regulatory frameworks. All aspects of the client’s financial statements, balance sheet, and income statement are generally reviewed. Realistic goals and objectives are set and steps to reach those goals are identified. As goals and objectives change over time, suggestions are made and implemented on an ongoing basis. The scope of work and fees for an Investment Advisory Agreement are provided to the client in writing prior to the start of the relationship. An Investment Advisory Agreement includes: cash flow management; investment management (including periodic performance reporting); The annual Investment Advisory Agreement fee is based on the total investable assets according to the following schedule: $5,000 on portfolios up to $5,000,000; $16,000-$25,000 on portfolios between $5,000,001 & $15,000,000; $25,000-$30,000 on portfolios between $15,000,001 & $25,000,000; Fees on portfolios greater than $25,000,000 are negotiable. Current client relationships may exist where the fees are higher or lower than the fee schedule above. The level of annual fees is negotiable. Although the Investment Advisory Agreement is an ongoing agreement and constant adjustments are required, 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. . Termination of Agreement A Client may terminate the aforementioned agreement at any time by notifying GLASGOW PARTNERS, LLC in writing and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. GLASGOW PARTNERS, LLC may terminate the aforementioned agreement at any time by notifying the client in writing.