1 Overview FutureAdvisor is a Delaware corporation and an investment adviser registered with and regulated by the SEC under the Advisers Act. FutureAdvisor operates an Internet-based investment advisory business that uses algorithms and other technological means for the provision of investment advisory services to individual investors. FutureAdvisor is a wholly-owned subsidiary of BlackRock, Inc., which is publicly traded company. References to “BlackRock” in this brochure include BlackRock, Inc. together with its subsidiaries, including investment advisory and trust company subsidiaries (“BlackRock Investment Advisers” or the “Advisers”). FutureAdvisor has been in business since May 2010. BlackRock is a global leader in investment management, risk management, and advisory services for institutional and retail clients. As used in this brochure, the term “the Adviser” refers to FutureAdvisor, except where the context otherwise requires. The Adviser specializes in digital investment advisory services provided through its secure website and mobile application, and through third-party financial institutions, including banks and other investment advisers with whom the Adviser has entered into agreements to offer advisory or technological services (“Intermediaries”). The Adviser employs automated asset allocation, portfolio analysis, portfolio rebalancing, portfolio selection, and tax- loss harvesting strategies on behalf of its advisory clients and clients of Intermediaries. In general, the Adviser’s services and strategies are applied to all supported account-types linked or aggregated by a client through the Adviser’s website. The Adviser provides personalized goal-based advice and trade recommendations to each advisory client and Intermediary client based on information provided by the client during

the sign up and account creation process, which process includes a series of questions including risk tolerance, age, and years to investment goal. The Adviser bases its advice to clients on the investment objectives and restrictions set forth in the applicable investment management agreement, Intermediary services agreement, and terms of use (each, a “Governing Document,” and collectively, the “Governing Documents”). The Adviser offers a discretionary advisory service (the “Managed Service”) for which it charges a management fee as described in Item 5 (“Fees and Compensation”) below. The Adviser also provides non-discretionary educational information to users of the Adviser’s website (the “Educational Service”) for which the Adviser receives no management fee. Educational Service The Educational Service is non-discretionary and includes algorithm-based analysis and educational information based on financial and other information provided by users. Educational Service users do not receive ongoing investment advisory or trading services for their accounts. The Adviser may provide the Educational Service in its entirety or in components to users. Managed Service The Managed Service provides algorithmic discretionary advisory services, based on financial and other information provided by the client. As part of the Managed Service, the Adviser provides clients automated portfolio optimization, rebalancing, tax efficient asset placement, and tax loss harvesting strategies. The Adviser may provide the Managed Service in its entirety or in components to clients where the Adviser is serving as a sub- adviser or where an Intermediary has introduced such clients to the Adviser. The Adviser managed approximately $648,903,852 in investment capital on a discretionary basis as of March 21, 2023.