Form ADV Part 2A, Item 4 Beck Capital Management LLC (referred hereinafter to as “Advisor”) offers personalized investment advisory services to clients. Advisor’s investment philosophy centers around a method called Sector Rotation. It begins with a macro-economic view of the world. As economies cycle, different sectors of those economies have distinct advantages, while others move from favor to disadvantage. Advisor will look further into the qualities of the specific investments within the favored sectors in an attempt to find value relative to the amount of risk and potential reward. Mr. James “Frank” Beck is Chief Investment Advisor and the principal owner of Beck Capital Management LLC established as Capital Financial Group in 1997 and incorporated as Beck Capital Management LLC in 2009. Mr. Beck makes most of the portfolio investment decisions, with help from analysts Victor Beck and Hunter Beck, for Beck Capital Management, LLC’s client and advisor brokerage accounts. If Frank is unable to or unavailable to make necessary decisions Victor Beck, VP of Investment Research, Hunter Beck & Bill Gregory (Chief Compliance Officer, VP Operations) will make the final decisions. Advisor representatives may from time to time make trades in client accounts if Frank is unavailable. These are usually client requested or they need to create cash for a withdrawal. Mr. Beck’s education and business background is provided below: Bachelor of Science – University of Texas, 1977 Beck Capital Management LLC, Managing Member 12/2009 – Present Partnervest Advisory Services LLC 07/2005 – 02/2010 (Doing business under the name Capital Financial Group) Frishberg, Jordan & Stewart Advisory Services LLC (Doing business under the name Capital Financial Group) 02/1998 – 07/2005 JP Securities (Doing business under the name Capital Financial Group) 09/1997 – 08/1998 MONY Securities 05/1987 – 08/1997 Computer Consultants Inc., President 07/1983 – 04/1987 Advisor provides asset management services defined as giving continuous investment advice to a client and making investments for the client based on the individual needs of the client. Through this service, Advisor offers a highly customized and individualized investment program for clients. A specific asset allocation strategy and investment policy is crafted to focus on the specific client’s goals and objectives. Advisor typically constructs portfolios consisting of some of the following securities: equity securities, corporate debt securities, municipal securities, mutual funds, structured notes, private credit, private equity, exchange traded funds, United States government securities., publicly traded REIT’s, publicly registered non-traded REIT’s and publicly registered non- traded Business Development Companies. As part of its asset management services, Advisor provides clients with financial planning services that may be specific or modular in their preparation (unique to each client in their depth of preparation). Topics included as part of the financial planning services may include the following: organization and assessment, retirement planning, education planning, long-term care, insurance planning, debt management, investments, tax planning, estate planning, and life events. Advisor does not charge a separate or additional fee for financial planning services provided as part of its asset management services. Planning services are provided on request from the client or if recommended by the advisor because of a specific need. Advisor offers a customized and individualized investment program for clients. A specific asset allocation strategy and investment policy is crafted to focus on the specific client’s cash flow needs and risk tolerance. The client may impose restrictions on investing in specific industries and/or securities. The client may also request that certain securities be purchased for their own account. Advisor provides discretionary investment advice through model investment portfolios. Type 1 = Ultimate Conservative. This type of portfolio holds cash & cash equivalents. In nearly all instances, when a client seeks this type of long-term investment posture, we refer them to a bank or similar institution to invest solely in Certificates of Deposit, US Treasury Notes,

US Treasury Bonds, or similar instruments. Type 2 = Conservative. This type of portfolio typically holds a mix of common stocks, preferred shares, ETFs, REITs (traded & non- traded), corporate bonds, municipal & treasury bonds, precious metals, alternatives, and cash & cash equivalents. A type 2 portfolio holds a larger percentage of blue-chip, large-cap common stocks with lower betas than our more aggressive portfolios. This type of portfolio may also hold growth stocks, but in a smaller percentage than our more aggressive portfolios. Type 2i = Conservative with Income Emphasis. This type of portfolio is very similar to our Type 2 Conservative portfolio but has a larger emphasis on dividend paying and/or income producing securities. Type 3 = Moderately Conservative. This type of portfolio typically holds a mix of common stocks, preferred shares, ETFs, REITs (traded & non-traded), corporate bonds, municipal & treasury bonds, precious metals, alternatives, and cash & cash equivalents. Similar to a Type 2 portfolio, a Type 3 portfolio holds blue-chip, large-cap common stocks with lower betas, but their percentage of the total is less than our Type 2 portfolios. Thus, a type 3 portfolio holds a higher percentage of growth stocks than a Type 2 portfolio. 512-345-6789 Office | 512-553-4673 Facsimile | www.BeckCapitalManagement.com 5 Type 3i = Moderately Conservative with Income Emphasis. This type of portfolio is very similar to our Type 3 Moderately Conservative portfolio but has a larger emphasis on dividend paying and/or income producing securities. Type 4 = Moderately Aggressive. This type of portfolio typically holds a mix of common stocks, ETFs, and may have a smaller percentage of REITs and Preferred shares if they look to offer opportunities for growth. It holds a higher percentage of growth stocks than our Type 2 or Type 3 portfolios, and it therefore exhibits more volatility than a Type 2 or Type 3 portfolio. Type 4i = Moderately Aggressive with Income Emphasis. This type of portfolio is very similar to our Type 4 Moderately Aggressive portfolio, but also has an added emphasis on dividend paying and/or income producing securities. Type 5 = Aggressive. This type of portfolio typically holds almost exclusively growth stocks and ETF’s. Therefore, a Type 5 Aggressive portfolio exhibits this highest level of volatility of all our portfolios. Advisor does not participate in wrap fee programs. The Advisor does manage client assets. As of December 31, 2023, the Advisor’s assets under management totaled the following: Assets Under Management – $384,611,167 under discretionary authority for 394 clients in 970 accounts. The Advisor has approximately $8 million in registered non-traded REIT’s and registered non-traded BDC’s held in some of the clients’ Fidelity accounts. These investments are sold by prospectus and require signed subscription agreements. Advisor does not collect a commission for the sale of any non-traded REIT’s or BDC’s. Non- traded REIT’s and non-traded BDC’s are billed along with the other assets in the client account according to the client’s fee schedule. Frank Beck, Jerry McIlhon, and Justin Simmons are the agents for multiple fixed insurance contracts totaling approximately $10 million (no variable contracts) with various insurance companies. Any transactions with the insurance companies require signed applications from the client and will result in a commission to the agent. If funds are used for the purchase of insurance that have already been billed a management fee in advance the pro-rata remaining fee for the quarter will be refunded. When discretionary authority is granted, the Advisor will not need to contact the client prior to executing trades in a client brokerage account (except for the alternative investments, private funds and insurance which have subscription agreements). Advisor holds educational investment seminars for clients and prospects on occasion. There is no cost to the attendees and no products are offered for sale other than the services of Advisor for asset management.