INTRODUCTION Kercheville Advisors LLC is a Registered Investment Advisory firm since November 2013. Our registration as an Investment Adviser does not imply any level of skill or training. The oral and written communications we provide you, including this Brochure, is information you can use to evaluate us and other advisers, which are factors in your decision to hire us or to continue to maintain a mutually beneficial relationship. This Brochure provides information about our qualifications and business practices. OWNERSHIP Kercheville Advisors LLC was formed as a limited liability company in August 2013 and is headquartered in San Antonio, Texas. Joe B. Kercheville, President, is the sole member of the firm. ADVISORY SERVICES OFFERED We provide the following services to our clients:
• Portfolio Management on a Discretionary & Non-Discretionary basis
• Financial Planning Services
• Pension Consulting Services Our services are tailored to you through customized investment processes that address your specific goals, objectives, risk tolerance and preferences. Specific investments recommended will depend on these factors. Types of Investments We offer and provide advice and guidance on any financial product deemed appropriate as a means to address the Client's individual needs, goals and objectives. We also offer advice on securities and investments maintained in the Client's portfolio at the time the client engages us for service. We do not participate in any wrap fee programs. PORTFOLIO MANAGEMENT SERVICES We provide portfolio management services on a discretionary and non-discretionary basis. Our portfolio management program is designed to provide you with the appropriate asset allocation, diversification, and risk characteristics consistent with prudent portfolio management. On a discretionary basis, we design, revise, and reallocate a custom portfolio for you. The investments are determined based upon your investment objectives, risk tolerance, net worth, net income, age, investment time horizon, tax situation and other various suitability factors. On a non-discretionary basis, we provide periodic recommendations to you and if such recommendations are approved, we will ensure that the authorized recommendations are carried out. FINANCIAL PLANNING AND CONSULTING SERVICES We provide advice

in the form of a standard financial plan based on your financial situation and stated financial goals and objectives. Our Financial Plans will address any or all of the following areas of concern: Personal: Family records, budgeting, personal liability, estate information and financial goals. Tax & Cash Flow: Income tax and spending analysis and planning for past, current, and future years. We will illustrate the impact of various investments on your current income tax and future tax liability. Death & Disability: Cash needs at death, income needs of surviving dependents, estate planning and disability income analysis. Retirement: Analysis of your current strategies and investment plans to help you achieve your retirement goals. Investments: Analysis of investment alternatives and their effect on your portfolio. You can also receive investment advice on a more limited basis. This can include advice on only an isolated area(s) of concern such as estate planning, retirement planning, or any other specific topic. We provide specific consultation services regarding your current or projected financial position or other investment and financial concerns that you may have. RETIRMENT PLAN CONSULTING SERVICES We will provide retirement plan consulting services to employee benefit plans, which includes 401(k) plans and their fiduciaries based upon an analysis of the needs of the plan. In general, these services can include an existing plan review, asset allocation advice, money management services, communication, and education services where we will assist the plan sponsor in providing meaningful information regarding the retirement plan to its participants, investment performance monitoring, and/or ongoing consulting. We may have agreements with Third Party Administrators to provide these services as part of the Third-Party Administrator's agreement with the plan. In these instances, the Third-Party Administrator would pay a portion of the fee charged to the plan to us for their services. In other instances, we may be introduced to a plan through a Third-Party Administrator and will provide service directly to the plan. ASSETS UNDER MANAGEMENT: As of December 31, 2022, Kercheville, Advisors, LLC has approximately $ 339,644,080 .00 in discretionary and $ 8,063,304 .00 in non-discretionary assets under management for a total of $ 347,707,384 .00 in assets under management.