BHK Securities, LLC was established in 2006 and approved as a Registered Investment Adviser in September 2006. The three shareholders and executive officers include Meredyth Roberts Hazzard (CEO), John Gurney Brock (President), and James Bailey Knight (CCO). Please refer to Item 10 for more information on BHK Advisors, Inc. which is an affiliated Registered Investment Adviser under common control. For its investment advisory clients, BHK may provide the following programs to each client: I. BHK Investment Advisory II. BHK Retirement Plan Consulting I. BHK Investment Advisory BHK Securities, LLC (“Introducing Firm” or “BHKS”) has entered into an agreement with First Clearing1 pursuant to which First Clearing provides advisory and/or administers various wrap fee programs that are offered by BHKS (“Programs”). Currently, BHKS offers a Personalized UMA Program, FundSource Program and Customized Portfolios Program through First Clearing. Additional programs, including Private Investment Management (PIM®), Asset Advisor (“Asset Advisor”) and CustomChoice, are offered under a separate wrap fee brochure. Clients of investment advisory accounts described herein are clients of BHKS. First Clearing provides advisory and/or other services to BHKS with respect to all of the programs but provides investment advice that is tailored to the needs of a particular client only with respect to certain strategies within the Personalized UMA. Unless otherwise specified, First Clearing will maintain custody of client assets. First Clearing is a “qualified custodian” as described by Rule 206(4)-2 of the Investment Advisers Act. FundSource® and PIM® are registered service marks of Wells Fargo & Company and used under license. BHKS provides investment advisory services by recommending money managers and/or programs available through First Clearing that best meet the client needs based on the investment objectives given by the client and other selection criteria. The programs available through First Clearing provide investment advice, brokerage, and custodial services under a “wrap fee” arrangement. Generally, in a wrap fee arrangement, the account pays a combined fee for investment advice, brokerage services, clearance and settlement services, and custodial services. The account may also be charged for expenses or services that are not covered by the wrap fee and these will be described in the Program’s separate “Wrap Brochure” provided to the client or in the client’s separate agreement with First Clearing. In certain programs, the client may choose to receive investment recommendations on a nondiscretionary or discretionary basis. Some of the programs also permit the client to elect to have the account’s assets rebalanced automatically at pre-determined intervals as an aid to ensure the portfolio continues to reflect its intended asset allocations. The managers available through First Clearing employ a variety of investment strategies depending on the particular Program, the size of the account, the needs of the client, and the account's objectives. Ordinarily, the managers’ strategies include long or short-term purchases of securities and, sometimes, include supplemental covered option writing, where appropriate, depending on the account’s objectives and the manager’s style. Some strategies also include margin transactions, other option or trading strategies, or short-sale transactions. Investment decisions in some programs are guided by model 1 First Clearing is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. portfolios intended to reflect the investment objectives and needs of the client. See separate program brochures for further information. Programs available through First Clearing include: Personalized Unified Managed Account (“Personalized UMA”) Through the Personalized UMA program, BHKS reviews client’s investment needs, objectives, and risk tolerance, and assists clients in selecting among various investment options available, which includes investments in affiliated and unaffiliated Managers, mutual funds, ETFs, and advisory annuities, each known as a strategy. The Personalized UMA offers three investment strategy types:
• Single Strategy – one strategy of a certain affiliated or unaffiliated Manager per Account.
• Multi Strategy Optimal Blends – Target allocations are selected comprised of strategies of certain Managers, mutual funds and/or ETFs designed for clients with various investment objectives. These Optimal Blends are based upon Manager, mutual fund and ETF due diligence provided by WFII.
• Multi Strategy Custom Blends – Individualized custom target allocations are created consisting of multiple strategies of Managers, mutual funds, ETFs and/or advisory annuities

in one Account. The intent of the Personalized UMA is to offer a competitive roster of high-quality Managers, mutual funds, ETFs and advisory annuities representing a broad array of investment asset classes and approaches. The varied asset classes and investment styles are generally intended to be complementary in nature with respect to their combined diversification and risk/return-based characteristics. Fees, including minimum annual fees, vary based on the strategy selected. More information is available in the Wells Fargo Wrap Fee Brochure. FundSource The FundSource program is a discretionary investment advisory program that offers a broad array of mutual funds that invest in and across different investment asset classes and employ varied approaches to investment management. Fund Source offers a number of “Optimal Blends” that offer managed portfolios of recommended funds, based on due diligence and asset allocation guidance provided by WFII, and market exposures and fund combinations that are designed to be appropriate for a number of different investment objectives. Based on the client’s investment objectives, financial circumstances and risk tolerance, BHKS may recommend an Optimal Blend or a Customized Blend, which includes a custom target allocation. More information is available in the Wells Fargo Wrap Fee Brochure. The fees for advisory programs listed are asset based and assessed quarterly in advance. There may be a minimum fee of up to $375 per quarter to maintain this type of account. Fees include advisory services, performance measurement, transaction costs, custody services and trading. These fees do not cover the fees and expenses of any underlying exchange traded funds, closed-end funds or mutual funds in the portfolio. Advisory accounts are not designed for excessively traded or inactive accounts and may not be suitable for all investors. Please carefully review the Advisory Disclosure Document associated with the program for a full description of our services, including fees and expenses. The minimum account size for these programs is between $25,000 and $200,000. Customized Portfolios Under the Customized Portfolios program, BHKS will assist clients in selecting from portfolios based on the investment strategies of WFII. Several portfolio options are available, including Fixed Income Portfolios, Custom Option Portfolios, and Option Premium Income strategy. More information is available in the Wells Fargo Wrap Fee Brochure. There is a minimum program fee of $250 per quarter. The imposition of the minimum program fee could cause your fee (expressed as a percentage) to be greater than the standard program fee listed below and the program fee stated in the client agreement. II. BHK Retirement Plan Consulting Services BHKS provides non-discretionary Retirement Plan Consulting Services that include one or more of the following services: 1. Review of existing portfolio investments 2. Assisting in the development of an Investment Policy Statement 3. Mutual Fund Search and Recommendation 4. Separately Managed Account Search and Recommendation 5. Diversification Review 6. Fund Analysis Reports 7. Advice to participants regarding investment options available to them in the Plan The Disclosure Document for each separate Manager contains important information regarding conflicts of interest, compensation, risks, potential benefits, and other information that prospective investors should review and consider before investing. ERISA and Individual Retirement Accounts Disclosure 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 Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interests ahead of yours. Under this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. As of December 31, 2023, BHKS held $47,300,000 in discretionary assets under management and $66,00,000 in non-discretionary assets under management.