Firm Description EVANS INVESTMENT ADVISORS, LLC, (EIA or Advisor) was founded in 2008. EIA provides personalized confidential financial planning and investment management to individuals, pension and profit sharing plans, trusts, estates, charitable organizations and small businesses. Advice is provided through consultation with the client and may include: determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Investment advice is provided on a discretionary basis and on a nondiscretionary basis. EIA does not act as a custodian of client assets. We recommend Charles Schwab & Company, Inc. as custodial agent, however the client may choose other custodians subject to EIA approval. The client always maintains asset control. EIA places trades for clients under a limited power of attorney. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting, which may be by telephone or in person, is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client. Principal Owners Gregory Wade Evans is a 90% stockholder. Barton Thomas Evans is a 10% stockholder. Types of Advisory Services Asset Management EIA provides investment advisory services to individuals, corporations and other business entities, and qualified retirement plans on a discretionary basis and on a non- discretionary basis. EIA will gather information on a client’s financial history, goals, objectives, and financial concerns and assist client in developing an asset allocation strategy. Accounts will be managed based on the individual needs of the client. EIA will form the basis of the asset allocation using one or more of five allocation models depending on the client’s risk tolerance and income objectives. The model(s) will then be adjusted to fit each client’s particular needs. Client portfolios are primarily constructed with mutual funds. Clients are advised that their account may be similar to multiple other clients selecting the same model portfolio. The advisory representative will provide assistance in selecting a model(s) suitable to the client’s investment strategy. Clients will grant discretionary authorization for EIA to buy and sell securities as deemed appropriate by EIA. Clients may contact EIA at any time to discuss their account and may set restrictions and limitations on their account. EIA does not act as a custodian of client assets. The client always maintains asset control. EIA places trades for clients under a limited power of attorney. Third Party Asset Management EIA may recommend that clients engage certain Third Party Asset Managers (“TPAM”) to manage all or a portion of their assets. EIA’s advisory representatives will provide individualized advisory services to their clients through the selection of a suitable TPAM. Factors considered in the selection of a TPAM include but may not be limited to: i) the management style, performance, reputation, pricing and reporting capabilities of the TPAM; ii) the client’s risk tolerance, goals and objectives, as well as investment experience; and, iii) the amount of client assets available for investment. In order to assist clients in the selection of a TPAM, the advisory representative will typically gather information from the client about the client’s financial situation, investment objectives, and reasonable restrictions the client wants imposed on the management of the account. All securities transactions will be decided upon and executed by the TPAM. Typically, the third party investment manager will exercise discretionary authority in the management of client accounts. EIA and its advisory representatives will not manage, or obtain discretionary authority over the assets in accounts participating in these programs; however, clients may grant advisory representatives the discretionary authority to hire and fire such third party managers. EIA’s advisory representatives will review reports provided to the client on a monthly basis. An advisory representative will contact the client at least annually, or more often as agreed upon with each client, to review the client’s financial situation and objectives, communicate information to the TPAM managing the account as warranted, and to assist the client in understanding and evaluating the services provided by the TPAM. Clients will be expected to notify their advisory representative of any changes in their financial situation, investment objectives, or account restrictions. A complete description of the programs and services provided, the amount of total fees, the payment structure, termination provisions and other aspects of each program are detailed and disclosed in: i) the TPAM’s Form ADV Part II; ii) the program wrap brochure (if applicable) or other applicable disclosure documents; iii) the disclosure documents of the portfolio manager or managers selected; or, iv) the TPAM’s account opening documents. A copy of all relevant disclosure documents of the TPAM and of the individual portfolio manager(s) will be provided to anyone interested in these programs/managers. Financial Planning and General Consulting Advisor will provide financial planning and business consulting based upon an hourly rate or a flat fee quoted in advance. Consultations may be general in nature or may focus on particular areas of interest, at the request of the client. Where services are limited in nature, the client should understand that Advisor will be working on a limited scope and therefore may not be able to take all factors into consideration. During the time of engagement, clients are obligated to notify Advisor promptly if the client experiences a change in financial conditions in order to provide Advisor the opportunity to make changes in advice or strategies and if changes are required, there may be additional fees involved. Since the planning services provided are limited to address only certain components of the typical financial process, the services provided may not address all client circumstances and undisclosed investments or liabilities. Clients should note that the same or similar services to those described above may be available elsewhere at a lower cost to the client. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting, which may be by telephone or face to face, is free of charge and is considered an exploratory interview to determine the extent to which financial

planning and investment management may be beneficial to the client. As of December 31, 2023, EIA manages approximately $289,717,637 in assets for approximately 708 accounts. Approximately $279,505,545 is managed on a discretionary basis, and $10,212,092 is managed on a non-discretionary basis. Tailored Relationships The goals and objectives for each client are documented during the initial interview and follow up meetings. Investment policy statements are created that reflect the stated goals and objective. Clients 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. Financial Planning Agreement A financial plan is designed to help the client with all aspects of financial planning without ongoing investment management after the financial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client. Fees for planning services are $250.00 per hour while fixed fees generally range between $500 and $5,000. All fees are negotiable at the discretion of EIA management. Clients are asked to deposit an initial retainer for future services to be rendered regardless if services are to be rendered on an hourly or flat fee basis. In no case will the retainage be held for more than six months before the services are rendered. If an hourly rate is charged, services performed beyond the initial retainage will be billed every 30 to 90 days. If a flat fee is quoted, services beyond the initial retainage amount will be billed at the completion of the engagement. Retainage paid initially to the advisor is refundable to the client based upon the client giving the advisor thirty days notice of termination of the contract. Retainage will be refunded to the client based on the advisor's time involvement through the termination date multiplied by the current hourly rate. Advisor will also furnish advice to the clients on matters relating to employee benefit plans and insurance needs. Neither Advisor nor its related persons practice law or accounting. It is the client’s responsibility to understand the need to secure the services of other professional advisors when necessary. Advisory Service Agreement Most clients choose to have EIA manage their assets in order to obtain ongoing in- depth advice and life planning. All aspects of the client’s financial affairs are reviewed, including those of their children. 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. The scope of work and fee for an Advisory Service Agreement is provided to the client in writing prior to the start of the relationship. An Advisory Service Agreement includes: cash flow management; insurance review; investment management (including performance reporting); education planning; retirement planning; estate planning; and tax planning, as well as the implementation of recommendations within each area. All advisory services can be terminated within 5 days of signing the Agreement without penalty (full refund or no fees due) when Advisor’s Form ADV Part II is not delivered at least 48 hours prior to the time of engagement. Otherwise, services can be terminated at any time with written notice. Clients are only billed for time incurred by Advisor until receipt of the notice of termination. The initial fee is pro-rated for the first partial quarter, if any. Advisor will not have the authority to withdraw funds or take custody of client’s funds or securities other than where the client has authorized the deduction of investment advisory fee via a qualified custodian. Fees are never based upon the performance of the account. Retainer Agreement In some circumstances, a Retainer Agreement is executed in lieu of an Advisory Service Agreement when it is more appropriate to work on a fixed-fee basis. The annual fee for a Retainer Agreement is negotiable. Investment Management Agreement An Investment Management Agreement may be executed when financial planning is not provided as part of the relationship. The annual fee for an Investment Management Agreement is negotiable Hourly Planning Engagements EVANS INVESTMENT ADVISORS, LLC provides hourly planning services for clients who need advice on a limited scope of work. The hourly rate for limited scope engagements is $250.00 Asset Management Assets are invested primarily in no-load or low-load mutual funds and exchange-traded funds, usually through discount brokers or fund companies. Fund companies charge each fund shareholder an investment management fee that is disclosed in the fund prospectus. Discount brokerages may charge a transaction fee for the purchase of some funds. Stocks and bonds may be purchased or sold through a brokerage account when appropriate. The brokerage firm charges a fee for stock and bond trades. EIA does not receive any compensation, in any form, from fund companies. Investments may also include: equities (stocks), warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities (variable life insurance, variable annuities, and mutual funds shares), U. S. government securities, options contracts, futures contracts, and interests in partnerships. Initial public offerings (IPOs) are not available through EIA. Termination of Agreement A Client may terminate any of the aforementioned agreements at any time by notifying EIA in writing and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, EIA will refund any unearned portion of the advance payment. A Client may also terminate any of the aforementioned agreements within 5 days of signing the Agreement without penalty (full refund or no fees due) when Advisor’s Form ADV Part II is not delivered at least 48 hours prior to the time of engagement. EIA may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, EIA will refund any unearned portion of the advance payment.