Firm Description Callan Capital, LLC hereinafter (“Callan”, “Adviser” or “Firm”) was founded in 2007 and is an SEC registered investment adviser. Callan Capital, LLC provides financial planning, consulting, and investment management services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and business entities. Callan, depending upon the engagement, offers its services on a fee basis which can include fixed fees as well as fees based upon assets under management. Prior to engaging Callan to provide any of the foregoing investment advisory services, the client will be required to enter into one or more written agreements with Callan setting forth the terms and conditions under which Callan shall render its services (collectively the “Agreement”). Principal Owners Trevor Callan is a 60% stockholder. Tim Callan is a 26% stockholder. Ryan Callan is a 14% stockholder. Types of Advisory Services and Engagements As part of its investment management service offerings, Adviser provides its clientele with a variety of options, including asset management and financial planning and consultation services which can include tax optimization, portfolio analysis, retirement planning and/or estate planning. Asset Management In the event the client determines to engage Callan to provide investment management services, Callan can do so on a discretionary basis pursuant to the terms of an Advisory Service Agreement (the “Agreement”) executed by the client prior to the start of the relationship. The Agreement sets forth the services to be provided and the fees for those services. The Agreement can be terminated by either party in writing at any time. As part of the asset management service, many aspects of the client’s financial affairs are reviewed, including those of their children if applicable. 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. Callan periodically reviews a client’s financial situation and portfolio through regular contact with the client which often includes an annual meeting with the client. Each client has the opportunity to place reasonable restrictions on the types of investments to be held in the portfolio, in writing. Restrictions on investments in certain securities or types of securities may not be possible due to the level of difficulty this would entail in managing the account. Callan intends to primarily allocate its client’s investment management assets, on a discretionary basis among mutual funds, corporate debt securities, municipal securities and exchange traded funds (“ETFs”) in accordance with the investment objectives of the client. Investments can also include: equities (stocks), warrants, commercial paper, certificates of deposit, U.S. government securities, options and interests in partnerships. While Callan does not currently recommend that clients invest in private placement securities, which can include debt, equity, and/or pooled investment vehicles, Callan has recommended these types of investments in the past and certain clients still own these private placements in accounts that Callan charges an asset management fee. Callan shall continue to render advisory services to the client relative to the ongoing monitoring and review of account performance and asset allocation, for which Callan shall receive an advisory fee, as described more fully below. Callan routinely provides investment advice on interests in certain limited partnerships or other privately offered investment vehicles such as hedge funds and/or funds that invest in hedge funds, private equity funds, and other private investment partnerships (collectively “Private Funds”). Advisor from time to time recommends that certain clients, who are accredited investors, invest a portion of their assets in Private Funds managed by independent investment managers (“Independent Managers”) based upon the stated investment objectives of the client. The terms and conditions under which the client shall engage the Independent Manager(s) can be set forth in a separate written agreement directly with the Independent Manager(s) selected, in addition to the advisory agreement signed with Callan. Callan shall continue to render advisory services to the client relative to the ongoing monitoring and review of account performance, for which Callan shall receive an annual advisory fee, as described more fully below. Callan will retain discretionary authority to hire and terminate Independent Managers and to reallocate the client’s assets to other Independent Managers, where such action is deemed to be in the best interest of the client. Financial Planning Callan Capital adheres to the Financial Planning Process as put forth by the CFP Board. Callan’s financial planning services range from a comprehensive evaluation of a client’s current and future financial state, to more focused consultations, depending on the needs of each client. Based on information provided by the client, the Adviser will make recommendations designed to help achieve the client’s overall goals and objectives. Callan will gather information from the client through in-depth personal interviews and collection of relevant documents from the client and client’s advisers such as their CPA or attorney. After adviser carefully reviews the information supplied by the client, a written report providing a detailed financial plan designed to assist the client in achieving his or her financial goals and objectives will be delivered to the client. In general, the financial plan can address any or all of the following areas:
• PERSONAL: We review financial statements, income, employee benefits, business interests, personal liability, budgeting, estate information and financial goals.
• TAX & CASH FLOW: We analyze the client’s current and future tax picture and present possible opportunities for the Client to discuss with their legal or tax professionals. We help the client visualize their estimated tax liabilities based off data provided by the client, however Callan does not provide specific tax advice, clients should consult their own tax advisors.
• PHILANTHROPIC PLANNING: We will analyze and discuss the client’s philanthropic endeavors and help the client determine how best to implement a philanthropic plan.
• INVESTMENTS: Where appropriate, we can analyze investment alternatives and their effect on the client's portfolio.
• INSURANCE: We can review existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home and automobile. We can recommend replacement, termination or the addition of insurance where appropriate.
• RETIREMENT: We identify retirement goals, analyze strategies including Social Security, Medicare, employee compensation plans, stock options and and spending goals to help the client achieve his or her retirement goals.
• DEATH & DISABILITY: When necessary, we evaluate survivorship scenarios, income needs of surviving dependents, distribution of estate planning and disability income.
• ESTATE: We assist the client in assessing long-term strategies, including as appropriate, trusts, wills, review estate tax, powers of attorney, and asset protection plans. Callan reviews such legal documents from time to time as they relate to the client’s financial plan, however, Callan does not provide legal advice or prepare legal documents such as a living trust, clients should consult their own legal advisors before making legal decisions. Clients have the option of utilizing Callan to implement certain investment recommendations but are under no obligation to do so. Advice and recommendations can also be given on non-securities matters and any implementation of Adviser’s recommendations is entirely at the client’s discretion. Should the client choose to implement these recommendations, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker. Clients are always free to accept or reject any or all recommendations made by Adviser and clients retain the authority and discretion on whether or not to implement any recommendations. Clients should understand that a potential conflict of interest exists if Callan recommends its own investment management services to implement the financial plan. Financial planning recommendations are based on the client’s financial situation at the time the recommendations are provided and are based on the information provided by the client. In addition, certain assumptions can be made with respect to interest and inflation rates, use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance and Adviser cannot offer any guarantees or promises that the client’s financial goals and objectives will be met. As a client’s financial situation, goals, objectives, or needs change, the client is strongly urged to promptly notify Adviser. For more information on the risks associated with investing, please refer to Item 8 below. Callan typically engages unaffiliated third parties to assist

with the technical expertise, preparation and delivery of our financial planning services. Clients who engage Callan to prepare a financial plan will be required to enter into a separate financial planning agreement (“Financial Planning Agreement”). All necessary confidentiality precautions are taken when sharing personal information. Clients should carefully read our Financial Planning Agreement and our privacy policy for additional details about how we limit the personal information that we share in connection with these and other services. Typically, the financial plan is presented to the client within six months of the contract date, provided that all information needed to prepare the financial plan has been promptly provided. Financial Planning recommendations are not limited to any specific product or service offered by a broker dealer or insurance company however if a financial planning client does not have an advisor who can transact upon a certain aspect of the plan, Callan can refer the client to an advisor who is able to transact such as a CPA or Attorney. All recommendations are of a generic nature. Callan is not a law firm or an accounting firm and does not offer legal or tax advice. Insurance Services Callan Capital, LLC also serves as an insurance broker registered with the State of California under the d/b/a of Callan Capital Insurance Services, LLC (License#: 0F89858). Through Callan Capital Insurance Services, the Firm can provide life, accident and health and long-term care insurance products, and certain representatives of the Firm, who are also licensed as insurance brokers, will receive normal and typical commissions for the sale of such products. This can present a conflict of interest if Adviser recommends its own insurance services and products as part of a financial plan because compensation will be received. Should a client decide to purchase any insurance products recommended as part of their financial plan, the client can, but is under no obligation to, utilize the Firm to purchase such products. Trustee Services Callan from time to time provides trustee or successor trustee sservices to clients when an Advisor at Callan Capital is asked by the client to perform functions of a trustee for their trust. Trustee services may include but are not limited to; distributing assets according to trust documents, funding sub-trusts, communicating with beneficiaries/charities, issuing statements to beneficiaries, creating and distributing final accountings to beneficiaries, using discretionary power to make distributions to beneficiaries, closing accounts, diversifying trust assets and verifying/paying all trust final bills and taxes. Consulting Services Callan from time to time provides Consulting Services to clients when an Advisor at Callan Capital is asked by the client to perform functions outside of the scope of the services discussed above. Consulting Services can be helping a client shop for a mortgage or business loan or other work that requires significant time and expertise Family Office Services Callan offers integration, guidance and coordination for Family Office Services. These services include but are not limited to Family Financial Accounting, Personalized Concierge Services, Loan Advisory, Tax Planning, Estate and Trust Planning and Identity Theft Protection. Callan helps coordinate and works closely with our clients existing team of advisors or Callan can recommend additional advisors as appropriate. Family Financial Accounting, Personalized Concierge Services, Loan Advisory, Tax Planning, Estate and Trust Planning and Identity Theft Protection are outsourced to third parties who directly provide our clients with these services and are not affiliated with Callan. Additional fees can apply and any fees for Family Office Services would be charged directly by the outsourced third party. Callan does not collect or charge fees for these services nor does it share in the fees collected by third parties for these services. Executive Benefit Planning Callan offers financial planning services to C-Suite executives of companies. Executive Benefit Planning is designed to assist clients in developing comprehensive financial plans designed to maximize the benefits of employers’ compensation and benefit programs, preserve clients’ assets, manage income on a long-term basis, and integrate tax, retirement, and estate plans. In order to develop a comprehensive financial plan, Callan analyzes a number of factors, including, as can be applicable, counseled client’s financial status, sources of income, assets, personal obligations and debts, objectives, commitments, cash flow, family responsibilities and the effect of the existing income and estate tax structure on client’s sources of income and accumulation of wealth. Callan does not provide tax or legal services so all tax and legal services are outsourced to either the clients’ existing tax and/or legal advisors our Callan will recommend tax and legal advisors. The Executive Benefit Planning Services to be provided by CALLAN can include, but are not limited to, the following: 1. Investments: Based upon the Executive’s objectives, risk tolerance, and current investment portfolio, Callan assesses his or her current investment strategy and provides feedback on any possible needs that can exist within the Executive’s current portfolio. Callan will also provide a customized written “asset allocation recommendation” aimed at balancing risk and reward by apportioning the Executive’s portfolio assets according to his or her needs. The Executive shall be responsible for determining whether or not to implement such recommendations. 2. Retirement: Based upon information provided by the Executive, Callan will quantify the amount of retirement assets needed to retire without further income. Callan will also develop a “retirement savings plan” designed to help the Executive meet his or her retirement goals and make suggestions about possible alternative retirement plan distribution strategies. 3. Risk and Insurance: Callan will assess the Executive’s risk exposures, review current insurance policies, and identify any gaps and/or excess coverage that can exist. 4. Education Funding: Quantify the amounts required to fund educational costs for children or grandchildren, and provide advice on the many alternative ways to save, accumulate and invest such funds. 5. Stock Options: If deemed appropriate, Callan can develop a stock option exercise strategy that based upon the Executive’s financial goals, and desired exposure to company stock. 6. Executive Compensation: Callan can counsel the Executive about decisions related to deferred compensation elections and other compensation and employee benefits issues. 7. Debt Management: If applicable, Callan can also assess the Executive’s current use of debt and evaluate the appropriate level and types of debt that should be employed by the Executive in accordance with his or her financial goals and risk profile. 8. Cash Management: Callan also assesses the current cash management system employed by the Executive and provides recommendations to better align the Executive’s cash management system with cash flow sources and uses. 9. Income Tax Planning and Preparation: Callan does not provide tax preparation services. However, when applicable, Callan outsources tax preparation services to a qualified Certified Public Accountant. Income tax preparation services that are included in the Executive Benefit Plan include preparation of the executive’s personal or joint tax return and one annual tax planning consultation. Income tax preparation as a part of this Service does not include multiple tax return preparation of other more complex tax services; however, those services are available outside of the scope of this Service and are billed directly by the accountant. 10. Estate Planning Services: Callan does not provide legal advice and therefore does not offer legal services. However, if applicable, Callan outsources legal services to a qualified estate planning attorney. Legal services that are included in the Executive Benefit Plan include a review of the executive’s current estate planning documents, a written memo with recommendations and a meeting with the estate planning attorney. Legal Services included as a part of the Service do not include preparation of legal documents or other legal services, however, those services are available outside of the scope of the Executive Benefit Plan and are billed directly by the estate planning attorney. Assets Under Management The Firm manages client assets on a discretionary and non-discretionary basis. As of December 31st, 2022 the total assets under the Firm’s management was: Discretionary Assets $1,477,212,185 Non-Discretionary Assets $0 Total Assets $1,477,212,185,