Klaas Financial Asset Advisors, LLC (Klaas) is the sponsor of the Klaas Investment Portfolios (KIP) Wrap Fee Program (Program). Klaas is located in Loves Park, Illinois and Fitchburg, Wisconsin. The firm’s shareholders are Craig J. Klaas, Maleeah L. Wernsing-Cuevas, Kyle A. Kite, Eric J. Schwartz, and Joshua E. Stirling. Klaas is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC). This Wrap Fee Program Brochure describes the services offered under the Program. In addition to the services outlined here, we also provide non-discretionary financial planning and consulting services, and retirement plan consulting. Further information regarding these Page 2 of 8 Rev. 03-04-2024 services can be found in our Disclosure Brochure, which is available upon request, or which can be found by visiting our website at www.klaasfinancial.com. The current brochure may be found under Downloads on the Resources tab. The Program includes Financial Planning Services and Discretionary Portfolio Management Services, as described below. Clients who wish to participate in the Program will enter into an agreement with Klaas (KIP Client Agreement). Financial Planning Services As part of the Program, we provide financial planning services. Through discussions, interviews, and questionnaires, we will gather sufficient information to develop a financial plan and investment recommendations. The items covered in your financial plan are based on your financial circumstances and needs. The financial plan may consider such items as the following:  Your personal financial circumstances, such as assets and liabilities, net worth, cash flow, spending analysis, budgeting, family situations, and personal obligations.  Payment of past, present, and future debts, such as loans, education expenses, health expenses.  Your current and future tax liabilities, and an analysis of how to mitigate tax liabilities with your investments.  Your attitudes towards investments, including your risk tolerance, financial goals, and investment objectives.  Your cash needs in the event of your disability, incapacity, or death, including the income needs of your dependents, and estate planning.  Your current retirement assets, potential future savings, planned retirement age, income needs and spending in retirement.  Other specific financial concerns you may have. We base our investment recommendations on the information that you provide to us. Inaccurate or incomplete information may result in an inaccurate or incomplete investment recommendations. We must make certain assumptions with respect to interest and inflation rates, past trends, and future projections of the performance of the market and economy. Changes to your personal financial circumstances, goals, or objectives may cause our investment recommendations to change. We recommend you notify us promptly of any changes so that your strategy can be updated if necessary. Although the financial plan may consider your tax situation or estate plan, we do not provide tax or legal advice. We recommend you work closely with your attorney, accountant, or other investment professionals in implementing your plan. We are happy to work with your professionals to coordinate your financial plan with your estate planning and tax planning. In some cases, your financial plan may recommend an insurance product. Some of our Investment Adviser Representatives are also licensed insurance agents. If you choose to purchase a recommended insurance product through your Investment Adviser Representative, he or she will earn a commission. You may choose to purchase any insurance products through any licensed agent. Discretionary Portfolio Management Services In addition, we provide discretionary portfolio management services. Based on the information gathered in the financial planning process, we assist you in selecting one or more of the investment strategies available through the Program (Program Strategies). Other relevant information that may be considered may include (but is not limited to) your preference for certain types of investments, the amount of your assets, the projected risk and return of your portfolio, and the management fees charged. We may use one or more Program Strategies and allocate assets into, between, or among the Program Strategies. Klaas has established a Portfolio Management Group (Klaas PMG) consisting of qualified investment professionals dedicated to portfolio management, research, and trade administration functions. The Program Strategies may be developed by and managed by the Klaas PMG, or by third- party asset managers or separate account managers (Asset Managers) selected by Klaas PMG. Klaas has the discretion to determine which Program Strategies are available in the Program. Klaas has the discretion to change the Program Strategies available through the Program, to change the selection of any Program Strategy, to add one or more additional Program Strategies to those previously selected, and to reallocate assets among Program Strategies at any time. Klaas also has the discretion to hire, replace, or terminate Asset Managers as it deems necessary at any time. A variety of investment products and vehicles may be used, including, but not limited to, exchange-traded funds (ETFs), mutual funds, equity and fixed-income instruments. When appropriate based on a client’s financial circumstances, Klaas may recommend a Program Strategy that includes an investment-only Managed Variable Annuity (MVA). The MVA is an insurance product offered by a licensed insurance carrier that includes an investment component. In addition, when appropriate based on a client’s financial circumstances, Klaas may offer a Managed Outside Account (MOA). The MOA is an account held by a custodian with which Klaas does not have a direct relationship, such as an employer-sponsored qualified retirement plan account (e.g., 401(k), 403(b), or 457(b) account). Klaas uses an order management system to implement asset allocation or rebalancing transactions on behalf of Client in the MOA. Klaas regularly reviews the current holdings and investment options available in the MOA, and monitors, rebalances and implements transactions that Klaas deems appropriate based on Client’s investment objectives. To do so, it is necessary for Client to grant access to the MOA through the third-party order management system, and authorize Klaas to connect with, view, and manage the MOA. Client agrees to take steps as necessary to initiate and maintain connection with the order management system, such as updating login credentials. Investment options available in MOAs may be limited by the custodian, or in the case of employer-sponsored qualified retirement plans, by the plan sponsor. For our Clients who wish to make charitable contributions, we offer a Managed Charitable Program (MCP). Through MCP, clients may participate in a third-party charitable program which offers charitable accounts such as donor advised funds, endowments, and foundations. These third-party charitable programs are charitable trusts as described in Section 501(c)(3) and Section 509(a)(1) of the Internal Revenue Code. Clients may make irrevocable charitable contributions of assets to the charitable program. We help to facilitate the transfer of Client’s funds. The Client may receive an income tax benefit for the tax year in which the contribution is made. Clients may appoint us to manage the funds in their charitable program on a discretionary basis, consistent with the specific investment policies and guidelines of the third-party charitable program. Once the contribution is made to the charitable program, the Client no longer has ownership of the funds. Contributions are irrevocable and non-refundable. The Client may Page 3 of 8 Rev. 03-04-2024 make recommendations to the sponsor of the charitable program on qualified charitable organizations to receive funds, and the amount of funds to be distributed. Clients may also authorize us to communicate these recommendations to the charitable program sponsor on Client’s behalf. However, the sponsor reviews each recommendation and has the discretion to approve or reject any grant. Grants may only be given to charitable organizations organized under Section 501(c)(3) of the Internal Revenue Code. Please note that client assets are primarily managed by Klaas PMG. Asset Managers, MVAs, MOAs, and accounts within the MCP are only used in limited circumstances and only where appropriate based on the unique financial circumstances of each client. We rely upon you to notify us of any changes in your objectives, goals and risk tolerances, as well as any other material changes in your personal circumstances (such as your employment, marital status, financial condition, etc.). In addition, notify us if you wish to impose any reasonable restrictions on the management of your account. Please notify us promptly of any changes, as these changes may require changes in the Program Strategies employed. Brokerage Practices Program assets are maintained with a qualified custodian. We do not have physical custody of your assets, but we are deemed to have custody when you authorize us to deduct advisory fees directly from your account. You will receive account statements from the custodian on at least a quarterly basis. We recommend you carefully review those statements to verify the transactions are consistent with your investment goals and objectives. We do not have the discretion to select the broker-dealer or custodian used for your accounts, although we may suggest broker-dealers and custodians and assist with new account paperwork. Because of our established relationship, we will generally recommend Fidelity Institutional Wealth Services (Fidelity) to you for custody and brokerage services. Fidelity, a member FINRA/SIPC, is an unaffiliated SEC-registered broker-dealer. Fidelity provides brokerage and custody through its affiliates, National Financial Services, LLC, or Fidelity Brokerage Services, LLC, which are also SEC-registered broker-dealers and members FINRA/SIPC. You may direct us in writing to use a particular custodian to execute some or all of the transactions for your account. If you do so, you may be responsible for negotiating the terms and arrangements for the account with that custodian. We may not be able to negotiate commissions, obtain volume discounts, or best execution with custodians with which we do not have an existing relationship. A difference in transaction fees and expenses may also exist between those charged to clients who direct us to use a particular custodian and other clients who do not. In addition, some Asset Managers may require the use of certain custodians. Please refer to the Brokerage Practices sections of their respective disclosure brochures for more information. Because our compensation in connection with the Program may vary depending on the broker- dealer or custodian selected, we may have a conflict of interest in recommending Fidelity. In addition to brokerage and custody services, Fidelity provides access to investments generally available to institutional investors; research; software; and, educational opportunities. Fidelity also makes available or arranges for discounts on compliance, marketing, research, technology, and practice management products or services provided to us by third party vendors. Thus, we receive economic benefits as a result of our relationship

with Fidelity, because we do not have to produce or purchase the products and services listed above. These services are not contingent upon us committing any specific amount of business to the custodians in trading commissions. Klaas does not enter into any soft dollar arrangements with custodians and broker- dealers through which we receive research or other services based on commissions generated in your account or the number transactions effected in your account. Our recommendation of specific custodians may be based in part on the economic benefit to us and not solely on the nature, cost or quality of custody and brokerage services provided to you and our other clients. This creates a conflict of interest for us. We nonetheless strive to act in your best interests at all times. Custodians may not charge separately for holding our client accounts, but may be compensated by you through other transaction-related fees with the securities transactions they execute for your account. Commissions and other fees for transactions executed through the custodians we recommend may be higher than commissions and other fees available if you use another custodian firm to execute transactions and maintain custody of your account. We believe, however, that the overall level of services and support provided to our clients by our recommended custodians outweighs the benefit of possibly lower transactions cost which may be available under other brokerage arrangements. Many of the services described above may be used to benefit all or a substantial number of our accounts, including accounts not maintained through our recommended custodians. We do not attempt to allocate these benefits to specific clients. Aggregation of Client Trades Klaas PMG may aggregate trades in a single order (a block trade). Aggregated trading allows for the purchase or sale of a security for the accounts of multiple clients in a single transaction. Block orders are generally completed or filled on the same day the trade is placed. If a block order is filled (full or partial fill) at several prices through multiple trades, an average price will be calculated for all trades executed, and all participants in the block trade will receive the average price. The objective of the aggregated orders will be to allocate the executions in a manner deemed equitable to the accounts involved. While the occurrence of partial fills (i.e., a block order which is not fully executed within the same day) is rare, all partial fills shall be allocated to client accounts on a pro rata basis. We may aggregate trades when operationally efficient, or when we reasonably believe the combination of the transactions provides better prices for clients than had individual transactions been placed for clients. We are not obligated to include all or any client transaction in an aggregated block trade. Trading practices, including trade aggregation practices, of Asset Managers (if applicable) are disclosed in their respective disclosure brochures. Klaas PMG has established procedures to reasonably ensure trade execution will not favor or discriminate against any client or group of clients, and trades executed for the accounts of our Investment Adviser Representatives or employees will not be favored over transactions for client accounts. Fees and Compensation The fee for the program (Program Fee) is a percentage of assets under management in the Program (including cash and cash Page 4 of 8 Rev. 03-04-2024 equivalents, and MVAs, MOAs, and accounts within the MCP, if applicable), charged on a quarterly basis, in arrears, subject to a minimum fee of $1,500 annually. Our standard fee schedule is as set forth in the table below. Assets Under Management Annual Fee $0 up to $250,000 1.25% Over $250,000 up to $500,000 1.15% Over $500,000 up to $1,000,000 1.00% Over $1,000,000 up to $2,000,000 0.90% Over $2,000,000 up to $3,000,000 0.80% Over $3,000,000 up to $5,000,000 0.75% Over $5,000,000 up to $7,500,000 0.70% Over $7,500,000 up to $10,000,000 0.65% Over $10,000,000 0.60% Our standard fee schedule may change over time, and some clients are subject to legacy fee schedules which may be higher or lower than our current fee schedule. In addition, we reserve the right to reduce or waive fees under certain circumstances at our discretion. Your Program Fee may vary depending on several factors, such as the Program Strategies used, the size of your accounts, and the overall complexity of your financial situation. All fees are discussed with you at the time of the engagement, and are described in the KIP Client Agreement and Terms and Conditions, as amended from time to time. New accounts in the Program are charged a prorated fee for the first quarter which is based on the number of days in the quarter from the date the account is funded to the end of the quarter. Any party at any time upon written notice may terminate the KIP Client Agreement. Program Fee payments will be assessed and due upon notification of the account termination or closure date. Program Fees will be calculated based on the account valuation provided by the custodian of the assets managed. Fees will be prorated based on the number of calendar days in the quarter prior to account termination and/or closure. The Program Fee is a single wrap fee, and covers the financial planning and consulting services provided by Klaas, the portfolio management services provided by Klaas PMG (or Asset Manager, if applicable), and brokerage and custodial fees. Klaas will generally pay the broker-dealer a transaction charge for each trade in the account. Thus, Klaas will earn more compensation if fewer transactions are executed for the accounts. Broker-dealers may waive transaction fees for some types of investments or based on other circumstances (for example, if you enroll in electronic statements for your account). Some investment options (such as mutual funds, ETFs, or investments in MVA subaccounts) may be available with no transaction fees. We potentially have an incentive to choose investments with lower or no transaction fees. However, as a fiduciary, we are required to act in your best interest and have an obligation to manage your portfolio in a prudent matter, regardless of the transaction charges assessed in your account. The Program Strategies make significant use of ETFs to gain exposure to various asset classes while attempting to minimize costs. Over 2,000 ETF products are available with differing methods and characteristics, including passive, hybrid, and actively managed ETFs. When evaluating ETFs for use in the Program Strategies, selection criteria include characteristics such as assets under management, ETF liquidity, how closely the ETF tracks its underlying index, and other criteria depending on the specific asset class and implementation approach of the ETF. The selection criteria help pare down the large universe when selecting ETFs for use in the Program Strategies. Fidelity has made available a subset of more than 500 ETFs for purchase commission-free. Because we bear the transaction costs in the Program, we have an incentive to select ETFs with no transaction fee, which is a potential conflict of interest. However, we seek to mitigate this conflict of interest by applying selection criteria other than transaction costs to filter the ETF universe. We use both transaction fee and commission-free ETFs in the Program Strategies. The Program Fee does not cover:  Fees associated with MVAs, MOAs and accounts within the MCP, such as Brokerage commissions or other charges resulting from transactions not effected through the broker- dealer named in your KIP Client Agreement.  Administrative fees charged by the third-party charitable program sponsor for accounts within MCP, which is based on the percentage of assets under management, as outlined in the agreement between you and the sponsor of the third-party charitable program.  Any internal management operating fees or expenses imposed or incurred by a mutual fund or other pooled investment vehicle.  Any additional custodial services contracted for directly by the client with the custodian.  Mark-ups and mark-downs or dealer spreads broker-dealers may receive when acting as principal in certain transactions.  Variable annuity account fees imposed by insurance carriers.  Certain costs or charges that may be imported by the broker- dealer or custodian named in your KIP Client Agreement or third parties, including costs associated with exchanging foreign currencies, odd- lot differentials, IRA fees, transfer taxes, exchange fees, wire transfer fees, postage fees, and other fees or taxes required by law. Further, to the extent that cash used for investment through Program comes from redemptions of the client’s mutual fund or other investments outside of Program, there may be tax consequences or additional cost from sales charges previously paid and redemption fees incurred. Such redemption fees would be in addition to the Program Fee on those assets. In most cases, multiple share classes of the same mutual fund are available for purchase. Some share classes of a fund charge higher internal expenses, whereas other share classes of a fund charge lower internal expenses. Institutional and advisory share classes typically have lower expense ratios and are less costly for a client to hold than Class A shares and other share classes that may be eligible for purchase in an advisory account. Mutual funds that offer institutional share classes, advisory share classes, and other share classes with lower expense ratios are available to investors who meet specific eligibility requirements that are described in the mutual fund’s prospectus or its statement of additional information. These eligibility requirements include, but may not be limited to, investments meeting certain minimum dollar amounts and accounts the fund considers qualified fee-based programs. It is also possible the lowest cost mutual fund share class for a particular fund may not be offered through the Program or available for purchase within specific types of accounts. Clients should not assume they will be invested in the share class with the lowest possible expense ratio or cost. The share class available for client accounts may be restricted at the custodian or within an account program. The custodian will receive payments from certain mutual funds (including money market funds) pursuant to a Rule 12(b)-1 distribution Page 5 of 8 Rev. 03-04-2024 plan or other such plan as compensation for distribution or administrative services and are distributed from the fund’s total assets. These fee arrangements will be disclosed upon request of a client and are available in the applicable fund’s prospectus. The fees received by the custodian create a conflict of interest. In addition, the custodian receives compensation in connection with cash held in the account. The Program may cost a client more or less than purchasing such services separately depending on the frequency of trading in the Program accounts, commissions charged at other broker-dealers for similar products, fees charged for like services by other advisers and broker-dealers, the fee structure of the account and other factors. As of December 31, 2023, within the KIP Wrap Fee Program, we provided discretionary asset management on approximately $569 million in client assets for more than 900 client households. Discretionary asset management means we have the authorization to make investment decisions on behalf of our clients.